Bitcoin360 AI – the company describes itself on its website https://bitcoin360ai.com/ as an online broker. Bitcoin360 AI offers its customers various services in the field of cryptocurrencies.
You have invested with Bitcoin360 AI and want your money back? The Herfurtner law firm will help you with any problems.
Bitcoin360 AI – Trading Evaluation
Currently, there is an extremely high number of online trading platforms such as Bitcoin360 AI. As a result, investing in the volatile financial markets has never been as easy but also as risky as it is today.
Especially because there are countless options, choosing an online platform can be time-consuming and daunting. Especially if you want it to meet your investment requirements.
Have you already invested in Bitcoin360 AI? In this case, the following aspects are relevant for you as an investor.
- State-regulated brokers on the internet, trustworthy provider sites, costs and brokerage fees, offer options and feedback from customers are just some of the features that you should take into account when making your irrevocable choice.
- When trading on the internet, there are several types of orders to choose from.
- Online investing makes it easier and more lucrative for investors to enter the world’s stock markets.
The following statements are basic recommendations for investors – regardless of the platform you invest money in.
How risky is trading with financial service providers like Bitcoin360 AI?
Just as the stock exchange and other financial markets are exposed to corresponding risks, so is online trading.
As an investor, you should therefore check Bitcoin360 AI with regard to the following topics:
- Service providers who are unreliable
- Lack of knowledge about the product
- The risks of online security
- Risks and dangers associated with the product, e.g. possible losses
Minimise the risk by looking for a verified track record when choosing a provider. In this context, it is also relevant that you are guaranteed reliable money management. Only in this way can you move confidently in the Internet trading arena.
Investors who have a deft touch can definitely make a living from this, and their profits may be super-average.
Provided they have the ideal tactics. One thing should be clear to anyone starting out in trading: There is always the danger of losing more assets when trading on the stock exchange than was deposited into the account of the Bitcoin360 AI broker.
Are there dangers with bank transfers to Bitcoin360 AI abroad?
Is it to your advantage to transfer assets abroad? Consider carefully what you are doing. Many investors have already lost assets in this context. It is conceivable that you will lose the overall view of where your money is going and how it is invested.
When money has been made available to a provider, it has happened many times that the company did not invest the transferred amount as agreed or even not at all. There have also been cases where the company simply did not exist, although it presented itself in a similar way to Bitcoin360 AI.
In addition to the licensed service providers, there are plenty of dubious online trading platforms, where a similar procedure can be seen in the majority of cases. New investors are contacted by employees of the respective trading platform. For example, by telephone, if the customer has left non-binding contact data on the provider’s website.
In various cases, however, they are also contacted by mass e-mails. These entice them with supposedly profitable investments.
The investor is promptly provided with his own broker, who instructs him on how to set up an online trading account and make the first transfers. The investor initially feels well supported and online trading usually begins with smaller sums.
But shortly afterwards, higher deposits are required – usually to accounts abroad. These transfers are intended to increase the potential profits.
Obstacles with fraudulent brokers ultimately arise when the investor demands a distribution of profits. This is usually delayed again and again or linked to additional payments such as alleged taxes and brokerage commissions.
In the past, the criminals operated solely from dubious locations. Currently, they operate from completely different locations such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others.
It is impossible for the majority of people to detect tricky methods. Companies often receive email orders with enormous order volumes that are disproportionate to the usual purchase amounts. Immense promises of profits are used to lure the German company.
However, the enormous order volume serves solely as a means of exerting pressure in communication with the provider in order to demand correspondingly high admission and registration costs.
It is not always clear whether the recipient of this payment is also the purchaser of the products. All the same, one can assume that companies operating abroad will not have to pay local taxes on deliveries to other countries in the foreseeable future. Check whether this also applies to investments at Bitcoin360 AI.
Beware of pump and dump
The term pump and dump is used to explain a situation where the market price of a stock is unnaturally inflated by insiders. Subsequently, the share is sold at a loss to other investors.
This is therefore a fraud. A manipulation that profits from the ignorance of small investors and stock market novices.
This approach is therefore forbidden on a controlled stock market and for providers such as Bitcoin360 AI. The crypto market, on the other hand, is still largely “Wild West” when it comes to such tactics. For this reason, extreme caution is essential!
Pump-and-dump scams are increasingly common there in connection with the so-called altcoins. The pump-and-dump scam is used by fraudsters to inflate the value of an unknown or possibly self-created currency. They achieve this by propagating disinformation on the web or on social media or by luring co-investors with unreasonable profit expectations.
So make sure that the provider Bitcoin360 AI provides you with all the necessary information on this topic.
How to distinguish reliable from dubious online trading platforms
There are many investment products on dubious internet platforms, which are aggressively advertised in internet forums and social media in order to lure investors.
In addition, “network marketing” is used to solicit new investors. The advertising mainly emphasises the assurance of short-term profitability.
In order to start investing, a potential investor must first create a user account with the trading platform – as is the case with Bitcoin360 AI. After that, the apparent online brokers contact the investor via a call centre and do everything they can to convince him to invest large sums of money.
The investors’ hopeful attitude towards cybertrading is partly strengthened by the desire for future profits.
Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this point, investors are being hoodwinked by a manipulated trading algorithm as to the true trend in stock market data and prices. Bitcoin360 AI does not necessarily fall into this category.
The masterminds use their own unilaterally determined price values to calculate profits. As a result, the trading provider has all the control over whether a profit is made or not.
Until the alleged profits are paid out, this manipulation will continue. If the investor wishes to receive the payout, the buyers suddenly no longer have access to their accounts and the direct contacts associated with them. The majority of investors lose their assets fully invested in such illegal trading, forcing them to contact a lawyer.
Alleged services to recover funds?
Anyone who has ever lost assets to a fraudulent investment platform knows how fatal this can be. That alone is terrible enough. But in addition, the rip-off artists behind the bogus model contact you within a manageable time by e-mail or phone call.
This time, however, they are not posing as Bitcoin360 AI online brokers. Instead, they promise to provide assistance in recovering the stolen capital in exchange for an upfront payment. Many scammers even appear to have been hired or engaged by trusted companies such as a financial regulator.
After stealing your sensitive data, the scammers often pose as good Samaritans. They promise to help you recover the stolen money. Even if you have deposited money with a service provider like Bitcoin360 AI, your contact details may be stolen.
Those who have lost an immense amount of money are usually desperate. Criminals take advantage of people’s desperation by posing as “recovery” companies. They offer their services under the guise of helping them recover their funds. That is, they securitise in a dubious manner that they will recover the lost capital.
Recovering funds from Bitcoin360 AI: Lawyers help
It is advisable to take precautions as soon as possible if the suspicion is confirmed that a provider is not proceeding properly and the risk exists that the broker will refuse to make payments. Apart from a report, which we file for our clients with the police authority, and a notification to the financial supervisory authority, the service provider should also be held legally accountable if necessary.
This involves assessing the contractual claims against the provider as well as possible chances of compensation.
In the case of monetary payments, it is also important to check whether financial institutions can be held responsible in the event of an error. Claims for compensation against banks may exist, for example, in the case of money laundering or other fraudulent activities. However, this must be checked on a case-by-case basis.
As soon as your provider delays the payment, you should immediately contact a competent law firm:
- Tell us how long the provider has been delaying payment
- Send an e-mail to our office outlining your case
- Give us the names and contact details of all the people you have spoken to
Our lawyers will give you a free initial assessment in relation to Bitcoin360 AI. In addition, we will let you know in a timely manner whether we believe you have a real chance of recovering your losses.