In this post, we will review Ubitex.com, a platform dealing in cryptocurrency.
Here we will discuss Ubitex.com in detail followed by the conclusion of whether it is legit.
What is Ubitex.com?
Ubitex.com is an online platform that claims to deal in cryptocurrency. It claims to use AI in trading and crypto exchange to earn high profits.
Ubitex.com provides multiple investment options such as staking, holding earnings and dividend earnings.
The company even claims to have support from big giants such as Medium, CNBC, CoinMarketCap, CoinDesk, TradingView and Forbes.
According to SimilarWeb statistics, Ubitex.com has 3.4 million visits from Taiwan, Indonesia, Singapore, Israel and the Netherlands.
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Website Profile
| Website | Ubitex.com |
| Name | Ubitex |
| Product | Cryptocurrency Trading |
| Registration Year | 17 July 2024 |
| Address | – |
| Contact | [email protected] |
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Ubitex.com Review
After thoroughly checking Ubitex.com, we found a few red flags to be considered before purchasing products from the website.
1. Suspicious Founder
Ubitex.com shares Alex Sandro as its owner. However, there is no further information about this person on the web. When checked there was an actor with the same name in Indonesia.
It means the company is trying to mislead customers by sharing fake information.
2. Minimal Customer Support
Ubitex.com shares an email ID to solve customer queries. There are no more options such as contact number, address or online chat for instant query resolution.
Trading platforms must share quick query-solving options as delay may result in huge losses.
3. Suspicious User Reviews
One of the top review sites, Trustpilot, has 17 user reviews about Ubitex.com. Suspiciously, all the user reviews are positive and claim to show high returns.
However, it is not possible for any website to have all positive reviews. Legit websites generally have mixed user reviews.
4. High Initial Trading Fee
Users have to add $100 initially to start trading with Ubitex.com. $100 is a big amount for a recently established platform.
5. Possible Ponzi Scheme
Ubitex.com allows users to sell affiliate memberships to earn high returns. People can earn high returns up to multiple downline levels.
IIt means the company can be a Ponzi scam collecting money from new joiners and paying the same to old customers as a part of the profit.
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Is Ubitex.com Legit?
No, Ubitex.com does not seem legitimate, given the above-highlighted negative points. As a trading platform, Ubitex.com must share legal documents and earning proof, but it is not doing so.
Also, the user reviews on Trustpilot seem suspicious.
We suggest checking the website thoroughly before investing your hard-earned money. If you have any questions or suggestions, reach out to us in the comment section.
