Perlybit Review: Who Is Behind PerlyBit.Com?
Perlybit is an anonymous institution trying to pass as a regulated crypto exchange. However, these cheap tricks shouldn’t influence you. Would you like to trade crypto safely? If so, find a regulated crypto exchange or broker. Let’s dig deeper into this Perlybit review to see more details on this scam.
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Regulation and Security of Perlybit
Perlybit is not a regulated broker. What’s more, it is not legitimate either. They show an entirely fake certificate on their web page to lure investors.
An unregulated broker is one of the major red flags you should never miss. After you deposit, they convince you to elevate your deposit to the max. So after they get what they want, they will vanish into thin air. Try to avoid engaging in an unregulated investment scam.
Perlybit broker claims to have been in business for the last 10+ years. However, they have not shared any financial documents for the many years they have been in this business. All financial service providers have to share their financial statements.
Financial records help an investor determine whether to invest or not. It also shows how a business has been performing. This is very useful since past performance will help us foresee the future.
This broker has no documentation on their site. This demonstrates that no trading is taking place at this firm. They are just hiding behind a fake name waiting for their prey. These are fraudsters that you should evade by all means.
Perlybit Trading Platform
Perlybit broker offers web-based trading software. It looks much like the trading venues most crypto exchanges deliver these days. .
Unlike the software on legitimate exchanges, this one is hardly noteworthy. It may appear easy to use, but the issue is that you would not be able to access even the basic tools available on more reliable types of software. This platform didn’t even offer simple indicators or additional charting tools.
Better use platforms offered by legit crypto exchanges such as Binance, Coinbase, Kraken, or Crypto.com. Another alternative would be to trade with a forex broker with access to the crypto market.
Most such brokers give their clients the option to trade on MT5 – one of the most popular platforms in the world of trading. This platform tends to be intuitive and UI-friendly while offering many useful tools.
Trading Instrument Available at Perlybit
In regards to trading instruments, there are many crypto assets you can trade. In fact, you may see more than 100 assets to trade with. However, that is all for nothing as this is a scam broker.
Tip: It’s best to leave reviews about Perlybit and other phony brokerage venues. This stops the spread of websites involved in fraudulent trading activities. Also, seeing complaints about the broker helps lessen the list of fraud victims.
Deposit and Withdrawal Procedure
Perlybit has a 1% fee on all deposits. This broker scam only accepts payments in crypto assets. Traders can choose between many currencies such as Bitcoin, Ethereum, BNB, Tether, USD Coin, XRP, ADA, Bitcoin Cash, Dash, etc.
This means that Perlybit does not offer any traditional payment options. Most crypto exchanges accept other payment methods, such as bank cards, bank transfers, or e-wallets. Only fraudsters would urge you to deposit only in crypto. This is because these digital assets are untraceable.
All crypto transactions are final as they go into a ledger that can never be modified. So, getting a refund would be inconceivable if you have already deposited with the Perlybit broker scam.
Perlybit Offers Welcome Bonus
In terms of a welcome bonus, there is an alleged bonus on their website. It mostly refers to referrals. In addition, the design of the whole page looks unprofessional.
So, if you bring more people to this scammy website, they will supposedly give you a bonus. However, the amount of this bonus is nowhere to be seen.
How Does Offshore Brokers’ Scam Work?
Fake offshore forex brokers have many tactics to scam people. What’s more, you will experience many withdrawal issues. Along with that, there will be abnormal fees. Be mindful that there are bogus high fees, repeatedly surpassing 20%.
Scammy sites always want you to pay fees in advance before starting a withdrawal request.
Besides, there are excessive guaranteed returns. This one is another famous scam scheme that you should be mindful of.
Remember that forex trading with leveraged instruments bears significant risks. Any broker facade will try to convince you that the profits are guaranteed. Make sure that you trade with licensed brokers and exchanges only.
As you can see in this Perlybit review, this broker is not trusted. This goes without saying! They show a fake certificate on their site, and they have many withdrawal issues.
Instead of wasting your precious time here, stick to the legit brokerages. You will save your precious time as well as your money.
FAQs About Perlybit Broker
Is Perlybit Regulated?
Perlybit broker is a suspected fraud. It is not a regulated broker, so stay away from it.
Does Perlybit Offer a Demo Account?
It looks like this fraudulent crypto exchange just opened a demo account for trading.
What is the Minimum Deposit for Perlybit?
It is suspicious and odd, but this website does not show any minimal deposit amount.