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ItBit

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ItBit Reports & Reviews (5)

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This is a crypto romance scheme. Met a man on bumble.com. After talking awhile he offered to show me how to make money in crypto currency. He brought it up, I didn't. I said no thanks but he was persistent (RED FLAG). I have some acquaintances who have made a lot of money in crypto so I thought i would try it. He helped me get accounts all set up. Crypto.com (phone ap - a real ap) and a platform called ITBIT that was not an ap. You go to google and enter an address - https://h5.itbitjza.com The only way to access it is to put the address into search engine. (RED FLAG). I should have bailed but was curious. MANY RED FLAGS.

The photos the guy sent me were standard photos. He did send me a few photos that were supposedly of him but it could be anyone. A photo of his dog. A photo of his car (Aston Martin). A photo of his plate of food. Any of these could have been gotten off of the internet.

The man only wanted to be contacted through whatsap. The only way to get in touch with customer service at ITBIT was through whatsap. (RED FLAG).

The man would assist me in trading in the evenings and I supposedly made about $10,000 in one week. It took about 20 red flags before I decided I was done. Then I tried to get my money out of the itbit account. Come to find out you can't unless you pay them a 28% tax on profits. I didn't pay the tax to begin with but then decided to try it. Once I paid tax then I was told I needed to pay some docking fee of 15%. This is where I finally went to my bank Wells Fargo and closed my checking account and decided to report this to BBB. I took it too far. My fault, I admit it. I was curious. I learned my lesson.

At this point my money is held hostage at itbit unless I pay this docking fee. Then I am sure another fee will be processed on top of then and on and on. They have no intention of ever giving me any money back.

The man is not that helpful. If you do it one way, he does it a different way and says he just follows itbits rules. He is apologetic like he is on your side but he is not. There were a couple red flags that made me think that he was also the itbit customer service rep too. And, he probably is. The itbit company rep is not helpful at all. Almost shouting at you with exclamation points to pay the tax or to pay the docking fee. I asked what fee would be next and have gotten no response.

Pretty sure there is no way to get my money back. I'm chalking it up to gambling and losing big. Sick to my stomach about this but life goes on and other people have bigger problems then this.

Looked this up on google and it's a crypto romance scam called butcher the pig.

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So I met a guy online, he was very nice and also really down to earth. We chatted and as time went by we talked about many different topics. He brought up that he was trading and buying cryptocurrency. He asked me if I had any cryptocurrency. I told him no. We talked a bit more about the subject. He said that he could teach me step by step on how to go about making an account and etc. I told him that I wasn’t really comfortable since I really didn’t know much about it anyway. Then he would bring up the conversation again the next day. Kinda pushy so I wasn’t really amused. I kind of talked about another subject. A few days later he brought it up again. So I did some research and looked up the company crypto.com. I made an account and then looked a bit more into it. In a few days he told me that I would need to do a wire transfer from my bank into my crypto.com account. I asked him why I needed to do a wire transfer. He said that way I would be able to withdraw faster and also get the funds into my account quicker. So I signed up for my account but it gave me one option to connect it with my bank card. Then he told me about “itBit” which is a trading platform. He sent me a link and when I opened it, it asked to download the “itBit” app. It looked a bit sketch, kind of outdated. And as I was looking for more information. I noticed they didn’t have a contact us section. Not really much about the company. So I knew something wasn’t right. There was a contact customer service and there were only three options online customer chat, a phone number, and email. The customer chat box didn’t work so, I got the phone number. It showed up in WhatsApp. I messaged the number to see if I would get a response. I asked a question to see if anyone was really there. Someone did answer it the typical customer service way. When I asked questions about the process of a transfer. The customer service representative replied exactly like this word for word “Just ask me to get the address before each transfer!” So this felt really off. I asked a simple question but the representative couldn’t answer. So it definitely was a red flag. I kept searching online for the company but the only thing that would pop up was Fitbit. So I kept searching and found out about scampulse.com. There is a legit itBit company but their website is https://paxos.com/ so if anyone is giving you another website that is not paxos it is FAKE! Please share with everyone you know! I didn’t lose any money but I downloaded the app so you don’t know what they would try to do with your information. I was smart and used an old outdated Apple phone that was reset to the factory setting. So there wasn’t any personal information in that phone. I thank God that He gave me a very strong intuition about what was going on. Also my friend was able to give me her perspective and it pushed me to question even more of what I was feeling and thinking. I really hope this helps!
Fake itBit scam
Fake itBit scam
Fake itBit scam
Fake itBit scam
Fake itBit scam
Fake itBit scam

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Oh gosh, I wish I researched more about it. I lost total of 66k. I almost about to lose close to over 100k because I have to come up with 44k. My *tax was 77k. The guy deposit 40k to make my fund more profit and another 30k for my *tax. Well. He is not going to recover his 70k. I lose all my saving plus trust from my friend and family. But 70k is nothing for him. He probably searching for another victim on online dating app.

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I met at guy, he introduced to use ItBit platform (https://www.itbithd.com/#/).. this website is different from "ItBit by Paxos" website. I bought Bitcoin & Ethereum at Coinbase, then deposited to this ItBit account. All of my deposited transactions were only announced via WhatsApp I didn’t receive any email at all.. Their WhatsApp customer service: +1(646)797-062. The person text to me all the time is Anna Dai.

I traded cryptocurrency at this Itbit platform and got some profits over a month. Then I wanted to withdraw my money. After submitting the withdrawal application, I got the message from WhatsApp (the customer service - Anna Dai), said to me: "I have profits more than 10,000, so I need to pay tax to platform first in 1 week, then I can withdraw my money. If I don’t make tax payment on time (7 days after submitting withdrawal the application form), they will charge me 2% per day for late fee”.

Base on my experience, I don’t have to pay tax to other trading apps (coinbase, webull, Robinhood); I only pay tax to IRS; and it’s not brokerage responsible to request me to pay tax.. Now, my asset is freeze, my withdraw is pending until I pay full amount of tax to the platform.. I couldn’t cancel my withdrawal, I couldn’t withdraw portion of assets.

Again, I deposited totally 40,000 and Now I can’t withdraw any money until I pay tax to this ItBit platform (not pay tax to IRS) .. this is completely scamming! Attached is the message about my tax payment.

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I met at guy, he introduced to use ITBIT platform (https://www.itbithd.com/#/).. this website is different from ItBit by Paxos..

I bought Bitcoin & ethereum then deposited to this ItBit account. All of deposited transactions were only announced via WhatsApp, I didn’t receive any email at all.. I traded crypto currency at this Itbit platform and got some profits over a month. Then I wanted to withdraw my money. After submitting the withdrawal application, I got the message from WhatsApp (the customer service), said: “ I have profits more than 10,000, so I need to pay tax first to platform before I can withdraw my money”.Base on my experience, I Don’t pay tax to other trading apps (coinbase, webull, Robinhood) ; I only pay tax to IRS; and it’s not brokerage responsible to request me to pay tax.. Now, my asset is freeze, my withdraw is pending until I pay full amount of tax .. I couldn’t cancel my withdrawal, I couldn’t withdraw portion of assets...I have only 7days to pay tax to platform , not to IRS. if I don’t make payment on time, they will charge me 2% per day for late fee..

Again, I deposited nearly 40,000 and Now I can’t withdraw any money at all Until I pay tax to this ItBit platform .. this is completely scamming!

Attached is the message about my tax payment.

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