The Truth About Bitanvax: Legit or Scam? Our Review

Recently, Bitanvax.com site appeared, promoting itself as a platform where you can safely store cryptocurrency and other assets. I managed to gather credible supporting information that unmistakably indicates it is, actually, a scam site.

Contrary to the assertions of Bitanvax.com, they won’t ever refund your capital. Regardless of the numbers displayed in the “member area”, there is no way to retrieve even a coin. All pledges regarding crypto incentives are hollow as well.

It is better to prevent, than repair and repent!

When we talk about the intrusion of unfamiliar programs into your computer’s work, the proverb “Forewarned is forearmed” describes the situation as accurately as possible. Gridinsoft Anti-Malware is exactly the tool that is always useful to have in your armory: fast, efficient, up-to-date. It is appropriate to use it as an emergency help at the slightest suspicion of infection.

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Bitanvax Scam Overview

The key offering that Bitanvax attempts to provide is a protected and user-friendly cryptocurrency wallet service. The website promises exchange services, tools for handling wallets, transfers, dashboards, and the like. In reality, they aim to emulate the functionality of a crypto exchange, like Binance or Coinbase. However, it in actuality only serves as a cover intended to lull the vigilance.

Bitanvax Scam

Initially, Bitanvax reproduces the design of numerous similar pages. There are quite a few examples, like Corxbit, Bolerex or Bitexall. They are totally identical in terms of visual elements, with small discrepancies in the webpage header. Other particulars, and at times even crypto wallet addresses, are the same. Most likely, all these scam sites are operated by a single gang of swindrels.

Cryptocurrency Scam Summary

How the Bitanvax Scam Works?

Bitanvax is yet another online platform within a vast network of interconnected crypto scam platforms. The operators utilize diverse brand names and websites, like Bitanvax.com, to trap victims. Nonetheless, these deceptive sites have in common matching website designs, terms of service, and About information. This unveils their origins as components of the same criminal network, which endorses the same form of scam under diverse appearances. The scammers simply duplicate the equal fraudulent website under various names to fool users into believing they are participating in a fresh opportunity. However, in actuality, it’s the identical group of fraudsters orchestrating the fraudulent pledges and efforts to seize deposited cryptocurrency. The administrators skillfully employ psychological strategies and appealing propositions to execute their deceitful schemes.

Step 1: Spreading

To begin the scam, criminals set up and fill accounts on well-liked social media platforms. They mainly target Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Using bots and sponsored advertisements (when possible), scam actors boost the visibility of their fraudulent activities to possible victims. This tactic enables them to create a wide net and connect with their aimed audience. The latter typically comprises of cryptocurrency enthusiasts searching for chances to make profits.

Users receive an incentive to sign up, attracted by the assurance of obtaining crypto rewards valued at thousands of dollars, all for free. To enhance the appeal of the offer, false claims of sponsorship by a celebrity are incorporated. As you may guess, these assertions are entirely baseless.

Step 2: Gaining Traffic

Users who demonstrate interest check out Bitanvax.com via links featured in ads or robotic posts. The webpage uses captivating visuals, design features that appear legitimate, and claims of having a valid license, all designed to convey an initial impression of reliability.

Step 3: Data Gathering

To collect their benefits, users need to deliberately sign up on Bitanvax and receive instructions to submit sensitive and private data throughout the registration process. This comprises linking their cryptocurrency wallets, sharing email addresses, supplying phone numbers, sending in identification papers, and more.

Step 4: Requesting funds

Once enrolled, users witness significant amounts of cryptocurrency, valued at thousands of dollars, within their Bitanvax wallets. However, as it usually happens with such bonuses, you cannot withdraw them ahead of making a deposit. Usually, a deposit of $100 is asked to get the sign-up bonus. This condition serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The instant the payment is submitted, the deceivers cease all interaction. They go ahead to block users, delete accounts, and disappear with both the deposited funds and critical private information. The fabricated prizes persist perpetually uncredited, as they lack genuine existence. They function exclusively as a fraudulent maneuver. This method forms the foundation for the scammers’ ability to mislead victims and embezzle hard-earned earnings through their duplicative online crypto scheme.

Signs of Scam

I gathered several facts that point at the scammy nature of the Bitanvax.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.

• False Celebrity Sponsorship. Bitanvax often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Bitanvax.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. Bitanvax raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Bitanvax.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, Bitanvax preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Bitanvax as a scam.

What Should I do as a Victim?

If you had to deal with Bitanvax site and fell victim to that scam, there are still some steps to take. They will make further scam attempts harder, and also boost the knowledge about that scam among folks.

• Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
• Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
• Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
• Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
• Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional financial setbacks.

Scan your system for possible malware infections

Beware of cross scams! Scam actors can use your trust to make you download some stuff or interact with certain documents. It may be a trap that installs malware to your system. There are no moral barriers or limits for these scoundrels.

Throughout the course of the fraud, its masters may reach out to you with specific files. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your cryptocurrency funds. As we already figured out, these scammers have no plan of restoring your capital. So, what do these email messages and browser add-ons represent? You guessed it right – that is another element of the fraudulent scheme designed to throw you into willingly running destructive programs onto your computer.

Both add-ons and attachments included to email messages can act as a carrier for various malicious software. In this scenario, I anticipate the presence of spyware and stealers among all forms of malware. While it is not obligatory for scammers to distribute malware, the probability is always above zero. As previously mentioned, their conscience is of negligible importance, and their reputation is already neck deep in mud. They have no scruples to give up and aim to maximize revenues.

Remove spyware with Gridinsoft Anti-Malware

We have also been using this software on our systems ever since, and it has always been successful in detecting viruses. It has blocked the most common malicious programs as shown from our tests with the software, and we assure you that it can remove spyware as well as other malware hiding on your computer.

To use Gridinsoft for remove malicious threats, follow the steps below:

1. Begin by downloading Gridinsoft Anti-Malware, accessible via the blue button below or directly from the official website gridinsoft.com.

2.Once the Gridinsoft setup file (setup-gridinsoft-fix.exe) is downloaded, execute it by clicking on the file.

3.Follow the installation setup wizard's instructions diligently.

4. Access the "Scan Tab" on the application's start screen and launch a comprehensive "Full Scan" to examine your entire computer. This inclusive scan encompasses the memory, startup items, the registry, services, drivers, and all files, ensuring that it detects malware hidden in all possible locations.

Be patient, as the scan duration depends on the number of files and your computer's hardware capabilities. Use this time to relax or attend to other tasks.

5. Upon completion, Anti-Malware will present a detailed report containing all the detected malicious items and threats on your PC.

6. Select all the identified items from the report and confidently click the "Clean Now" button. This action will safely remove the malicious files from your computer, transferring them to the secure quarantine zone of the anti-malware program to prevent any further harmful actions.

8. If prompted, restart your computer to finalize the full system scan procedure. This step is crucial to ensure thorough removal of any remaining threats. After the restart, Gridinsoft Anti-Malware will open and display a message confirming the completion of the scan.

Remember Gridinsoft offers a 6-day free trial. This means you can take advantage of the trial period at no cost to experience the full benefits of the software and prevent any future malware infections on your system. Embrace this opportunity to fortify your computer's security without any financial commitment.

Trojan Killer for “spyware” removal on locked PC

In situations where it becomes impossible to download antivirus applications directly onto the infected computer due to malware blocking access to websites, an alternative solution is to utilize the Trojan Killer application.

There is a really little number of security tools that are able to be set up on the USB drives, and antiviruses that can do so in most cases require to obtain quite an expensive license. For this instance, I can recommend you to use another solution of GridinSoft - Trojan Killer Portable. It has a 14-days cost-free trial mode that offers the entire features of the paid version. This term will definitely be 100% enough to wipe malware out.

Trojan Killer is a valuable tool in your cybersecurity arsenal, helping you to effectively remove malware from infected computers. Now, we will walk you through the process of using Trojan Killer from a USB flash drive to scan and remove malware on an infected PC. Remember, always obtain permission to scan and remove malware from a computer that you do not own.

Step 1: Download & Install Trojan Killer on a Clean Computer:

1. Go to the official GridinSoft website (gridinsoft.com) and download Trojan Killer to a computer that is not infected.

2. Insert a USB flash drive into this computer.

3. Install Trojan Killer to the "removable drive" following the on-screen instructions.

4. Once the installation is complete, launch Trojan Killer.

Step 2: Update Signature Databases:

5. After launching Trojan Killer, ensure that your computer is connected to the Internet.

6. Click "Update" icon to download the latest signature databases, which will ensure the tool can detect the most recent threats.

Step 3: Scan the Infected PC:

7. Safely eject the USB flash drive from the clean computer.

8. Boot the infected computer to the Safe Mode.

9. Insert the USB flash drive.

10. Run tk.exe

11. Once the program is open, click on "Full Scan" to begin the malware scanning process.

Step 4: Remove Found Threats:

12. After the scan is complete, Trojan Killer will display a list of detected threats.

13. Click on "Cure PC!" to remove the identified malware from the infected PC.

14. Follow any additional on-screen prompts to complete the removal process.

Step 5: Restart Your Computer:

15. Once the threats are removed, click on "Restart PC" to reboot your computer.

16. Remove the USB flash drive from the infected computer.

Congratulations on effectively removing spyware and the concealed threats from your computer! You can now have peace of mind, knowing that they won't resurface again. Thanks to Gridinsoft's capabilities and commitment to cybersecurity, your system is now protected.

Frequently asked questions

The truth about Bitanvax

Name: Bitanvax

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Bitanvax, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Bitanvax scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

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