Obbed.com may appear to be a user-friendly cryptocurrency exchange, exactly like other online platforms. A closer look, though, reveals a lack of credibility and a number of indications that point to a fraudulent cryptocurrency exchange.
These scams are more common now that cryptocurrencies provide anonymity. Although some transactions can be seen on the blockchain, the identities of wallets or accounts remain private.
Investing in any of the many cryptocurrency exchanges available today, like Obbed.com, carries a high level of risk because of the numerous red flags pointing to their fraudulent nature.
Even if the prices of crypto coins on these types of sites are lower, this only means that the platform is a scam. Therefore, sticking to reliable and respectable cryptocurrency exchanges is strongly recommended.
Since unregulated digital currencies have gained popularity and seen market surges, many people have made significant investments in them.
Some people may have made money, but an increasing number of cryptocurrency scammers have taken advantage of others.
Online scammers have been growing in the cryptocurrency market thanks to their clever approaches. Scammers first establish trust in an inviting manner, only to later promote Obbed.com.
Most of the victims of these scams were contacted directly via Telegram. Scammers advertise their cryptocurrency exchange by claiming that you will make money on their platform and not lose any money.
For the first few days, they will allow small withdrawals, giving users the impression that they are a legitimate cryptocurrency exchange.
But once large deposits are placed, not only are future withdrawals stopped, but all communication with users is cut off. As a result, the best way to avoid losing money is to refrain from making any deposits at Obbed.com.
Apart from learning about the specific token or cryptocurrency you’re purchasing, research should also include evaluating the trustworthiness of the cryptocurrency exchange or platform where you plan to invest.
Why Obbed.com is a fake crypto exchange Cryptocurrency exchange scams are more common than users think, as scammers take advantage of opportunities for profit. Rug-pull tokens are a common scam in the cryptocurrency world, though many people are becoming more aware of them. Because of this, scammers are now using fake exchanges as a new method to scam individuals. These fraudulent platforms quickly steal tokens from users without the need for hyped advertisements. This approach works especially well for those who are new to cryptocurrencies. Initially, people may not have the knowledge to differentiate legitimate platforms from fraudulent ones, which is why identifying scam platforms is extremely important. Since we've recognized Obbed.com as a scam, we'll also go over the indicators that show its fraudulent nature. This information will help you remain vigilant against other fraudulent cryptocurrency exchanges and prevent you from falling victim to them. Unrealistic offers and cryptocurrency prices Unbelievably low prices of the cryptocurrencies they offer is another clue that points to a fraudulent cryptocurrency exchange, such as Obbed.com. If you notice that the price of a specific coin on Obbed.com is 10% lower than on a legitimate platform, it could tempt people to deposit funds on this fraudulent site. The purpose of these alluringly low prices is to attract users to choose their fraudulent exchange over genuine ones. However, it is important to understand that they do not own any actual cryptocurrency. A balance may appear on your account when you deposit money into Obbed.com. However, this is merely an illusion to keep users from becoming concerned. In addition, they will make lavish claims, such as guaranteeing no losses and providing generous discounts to newcomers on their platforms. Although legitimate platforms also run advertisements, the widely acknowledged saying in the cryptocurrency world is: "If it seems too good to be true, it probably is." Intuition often warns us when an advertisement is excessively generous; for example, an offer to double your cryptocurrency on the first deposit is most likely a scam. Besides, making such an extravagant claim about their ability to protect against losses could bankrupt these companies. Their primary objective is to quickly draw users to their platform because they have absolutely nothing valuable to offer and lack credibility. Similar to Obbed.com, they don't give any thought to the reputation of their website. Once they are discovered and reported, they will quickly create new websites using templates that are identical to the previous ones. Unprofessional layout on hidden sections of the site The homepage, deposit, withdrawal, and trading pages of fraudulent cryptocurrency exchanges, such as Obbed.com, may seem professional, with seemingly accurate data charts. These designs, however, can be simply replicated by anyone seeking to scam users. Making these key elements of the fake exchange appear legitimate is the scammers' top priority. The majority of individuals neglect the legal terms, contact information, and about pages of a website. That is why, if you suspect a fake exchange, you must read these pages. What you discover written there may surprise you. Fake exchanges like Obbed.com often have numerous grammar mistakes, layout flaws, and image errors. Key findings from the image include: 1. Unoptimized Image: The logo appears unprofessional and is cropped due to inadequate image optimization. This type of design error is relatively rare among professionals, implying that the scammers might not have developed the site themselves. 2. Lowercase Text: According to elementary grammar rules, sentences must start with an uppercase letter. The use of lowercase beginnings on this website may impact its reliability. How trustworthy can a platform be in regards to money if such fundamental errors exist? This is very troubling, given the platform's focus on mindful investing. 3. Unprofessional Email Address: Legitimate trading platforms use professional email addresses associated with their domain rather than personal Gmail or Yahoo accounts. The use of personal emails raises concerns, as reputable companies communicate through their domain. According to our investigation of multiple fraudulent exchange scams, these websites often buy cryptocurrency exchange templates from the internet. Given that they lack true expertise in web design, modifications to various parts of the site lead to inconsistent appearances. This lack of skill causes certain pages to appear disorganized, pointing out their shallow knowledge of web design principles. Take into account that not all fraudulent exchanges have the same layout errors on their websites. Some may make obvious mistakes, whereas other scam exchanges may appear quite professional. As a result, the appearance of a website is not the only factor to consider when deciding whether it is legitimate or a scam. These cryptocurrency exchange scams promote themselves through social media and other platforms. Their presence tends to be hollow, though, aside from the accounts that are used for advertising. They may stage fake live streams on YouTube or falsely associate themselves with well-known figures on Twitter and other platforms. Still, their online activity is usually quite low outside of these sponsored posts or videos. For example, if they advertised their false exchange on YouTube, a quick search on Twitter and Facebook will most likely reveal a lack of significant presence for a cryptocurrency exchange. These scams typically have an account on one platform but no presence on others. This is the outcome that is often displayed when looking up their social media accounts; the same is true for Obbed.com. These scams are more short-lived and tend to switch websites compared to legitimate exchanges, which maintain a consistent presence across several platforms to establish credibility. When a scam like Obbed.com is discovered, they immediately launch a similar one. Their limited social media activity is a clear indication that their primary goal is to steal money as quickly as possible with these fraudulent exchanges rather than establish a legitimate online presence. Negative or non-existing user reviews about Obbed.com Before making an online purchase, you would read user reviews to understand the product's quality and expectations. The same is true for scam exchanges like Obbed.com. Conduct proper research by looking up online reviews regarding the crypto platform as well as user experiences. Trustpilot is a trustworthy resource for reviews, and you may obtain information from other users of the platform by visiting crypto-related forums and subreddits. When it comes to reviews and comments about a particular website, there are three scenarios that may be relevant to these kinds of cryptocurrency scams: A. Positive reviews from bots The significant amount of positive feedback that Obbed.com may show you could trick you into thinking it's legitimate. However, be careful, as these reviews are most likely generated by scammers' bots. It's simple to spot reviews that were created by bots. They usually follow a recognizable pattern, such as usernames that are made up of a few digits. Apart from that, the reviews are typically brief and lack depth and context, with generic compliments like "Good exchange, I am very happy" or "This is actually legit." People who were deceived by the fraudulent cryptocurrency exchange may leave unfavorable reviews on the platform. These reviews frequently include warning others against visiting, interacting with, or depositing money on the website. These in-depth, genuine reviews provide first-hand experience as well as significant warnings regarding the risks associated with fraudulent trading platforms. This is common when a scam site has been around for a while and has deceived a large number of users. C. No reviews at all There may be instances where you are unable to find any reviews or mentions of Obbed.com. It is suggested to proceed with caution when faced with this situation. Why put your money at risk by depositing it on an unfamiliar platform? Being the first to write a negative review of the platform is not a desired opportunity. When something is unknown and unheard of, it is best to stay away to avoid financial loss. The website domain has only recently been registered It usually takes a few months for recently registered domains to become visible on search engines and the web. This holds true for scam exchange websites as well, such as Obbed.com, since such websites often register their domains mere days prior to the website's launch. Compared to genuine projects, these websites are poorly thought out and carried out; this is because their goal is to trick users into spending their cryptocurrency and hard-earned cash. As of this writing, Obbed.com is a newly registered domain, having only been registered one week ago. This timeframe is a red flag for a scam, particularly when compared to long-standing, reliable crypto exchanges that have been operational for over a decade. The trustworthiness and credibility of a newly registered website when compared to more established exchanges raise valid concerns, and this alone is a red flag to avoid. A website usually needs three to six months to gain traction before it begins to draw in organic traffic and visibility. Developing a reliable domain authority can take several years. However, websites like Obbed.com never achieve such levels. Why? They usually shut down within a few weeks or months following their launch, only to come back as another scam exchange with a different name shortly after. It's most likely a scam if the domain was registered just a few days or a few months ago, especially if the owner's information has been hidden for privacy. While it is common for crypto exchanges to conceal personal information on Whois, revealing legitimacy is important to building trust. A domain's age can sometimes be older, given that the scammers purchased it from someone who registered it a long time ago. No traffic data and website metrics Longevity is often used as evidence of credibility, but for Obbed.com, assessing this aspect is a red flag itself since it is a recently launched website with a newly registered domain. This section broadens the discussion by taking into account the website's creation date, traffic volume, and any history it may have from the early days of the Internet. Why is this necessary to understand? In the competitive cryptocurrency landscape, thorough research is your advantage; you must go deeper than others. We work to give users the best information possible so they can understand every aspect of these fraudulent exchange websites because we are committed to protecting users from fraud. First of all, a newly launched website takes some time to draw visitors, according to website metrics analysis. Obbed.com isn't an exception. According to the most recent Semrush data, the website has minimal activity, with no website traffic and no keywords ranking in search results. Here's an explanation for each metric in this data set: 1. Authority Score: This metric measures a website's value and trustworthiness. A low authority score indicates newness and lower search result rankings. In contrast, a higher score indicates trustworthiness and expertise. The score for this website is n/a, suggesting a lack of authority and making it untrustworthy. 2. Organic/Paid Search Traffic: This metric tracks the number of visitors to and from a website. The lack of data indicates that there is little or no incoming or outgoing traffic. This suggests that there are not enough visitors for an accurate count, which is a sign of a low number of users. 3. Backlinks: These are URLs leading to the website in question coming from other websites. A few backlinks are expected since this website is promoted through questionable live streams and campaigns. However, backlinks are not proof of a website's legitimacy or authority. It is most likely that the exchange is a scam, given that nearly all metrics at zero strongly suggest illegitimacy and raise red flags. Whether you have used the website or are about to make a financial deposit, taking precautions is crucial anytime money is involved. In order to protect you from exchange scams such as the fraudulent Obbed.com cryptocurrency platform, we have created a comprehensive guide that includes advice for what to do before, during, and after the encounter with it. How to protect yourself against Obbed.com While it's important to identify the distinctive characteristics of a fraudulent cryptocurrency exchange, protecting yourself from the risks they pose is even more important. Our top priority is to keep your hard-earned money out of the hands of online scammers. To prevent this from happening, we are committed to providing you with the necessary tools and approaches. Below, you'll find steps and methods to fully prepare you for encounters with websites like Obbed.com. Never share your wallet's seed phrase Sharing your seed phrase is the same as giving scammers full account access. The fake exchange may request it under the disguise of "verification," attempting to deceive you into providing them with access to your wallet. Please keep in mind that legitimate cryptocurrency exchanges will hardly ever ask for your seed phrase. When you forget your login information, you can use your seed phrase to access your account. It serves as an emergency login method that is used when switching devices. Everybody has a special seed phrase that acts as a backup plan. Never share your wallet's seed phrase, especially with unknown individuals. As previously stated, creating an exchange account never requires sharing your wallet's seed phrase. Deposits are all that are required, not account linking. If someone asks for your seed phrase, cut off all contact right away. Responding exposes you to the risk of hacking and coin loss. Enable two-factor authentication for your crypto wallets Enabling 2FA for your cryptocurrency wallet guarantees that only you have access to it. Given that your cryptocurrency wallet is a form of financial management, you must treat its security in the same way that you would handle your bank accounts. Two-factor authentication requires an additional layer of verification to access your account. This provides a significant barrier for cybercriminals and scammers seeking unauthorized access. They are unlikely to pass the additional verification step, even if they are able to get your login information. In order to verify your identity as the account's legitimate owner, you may be required to submit a biometric scan or receive an SMS verification code. As most applications that require login now have security measures, we strongly recommend turning on this feature if your cryptocurrency wallet supports it. This prevents unauthorized access from people looking to take advantage of your cryptocurrency holdings and guards against scammers. Assume you lose your phone in a park with the screen unlocked. Do not worry, as fingerprints and other biometric scans provide a barrier for hackers attempting to access your cryptocurrency wallet. This kind of security is beneficial not only for cryptocurrency wallets but also for all of your accounts across different platforms. We strongly advise enabling 2FA on every platform to ensure exclusive access to your accounts. Watch out for phishing attempts Signing up on these platforms requires you to share your email address. Unfortunately, cryptocurrency scammers may sell this information to other scammers. They use it to send phishing emails and, in some cases, text messages if you give them your phone number during registration. These scammers take advantage of every opportunity, often selling the data on the dark web or to other scammers who profit from the email address lists. Never click on emails that appear out of the blue from anonymous senders. If the content causes panic, such as account breaches or issues, it is most likely a phishing scam. These scammers use panic psychology to manipulate users into taking specific actions, which typically include: A. Pressuring you to click a button or link in the email. Scam emails often claim that they can solve issues. A phishing email, for example, might claim that there are problems with your PayPal account and ask you to click a button to resolve or verify the problem. This takes you to a fake PayPal page where they collect your information, possibly allowing unauthorized access if you do not have 2FA. B. Making you open an attachment from an email. This happens when scammers pretend to be colleagues or send attachments that need to be reviewed right away. Unknown sender names within your company are a major red flag. These attachments often contain malware that steals data from your computer and compromises its security. C. Asking for money through a transfer or cryptocurrency payment. Scammers usually claim to have sensitive files on your computer when sending sextortion or blackmail emails. While these emails may appear convincing, they are mass-sent with the intention of tricking recipients. Do not send money to scammers since their claims are false under any circumstances. Never believe fake success stories In certain cases, people have claimed to have increased their portfolio by a hundredfold in a matter of weeks. Surprisingly, they often promote a fake coin or cryptocurrency exchange at the bottom of the post, implying that these platforms assisted their success. It's likely that their profit was not the result of trading but rather of stealing cryptocurrency through the scam exchange. This could encourage others to follow in the poster's footsteps and aim for similar success. The truth is that the person behind the scam exchange or coin is often the one who makes such posts. When a post boasts success and is followed by a promotion for a questionable platform, it is not a real success story. Legitimate success stories do not include links to unknown websites or make claims that you can replicate their results. Real successful individuals are reluctant to give away their successes; they don't want you to take part in their success. Stay away from these scams to avoid losing all of your money and negatively multiplying it. Is a well-known individual giving away Bitcoin to 100 people? Who posted it? Was it the person themselves, or simply an account with his or her name? These days, it's not uncommon to come across these deceptive social media posts. Although many people avoid them, others continue to fall for them. If you have any doubts, question the legitimacy of events, coins, and, especially, crypto trading platforms. Legitimate companies can answer all of your questions. However, verification does not always involve questioning; in many cases, the answer is right in front of you and only requires a few clicks. Checking the post history to identify recently created accounts is a crucial tip for identifying social media scams. Verify legitimacy by confirming affiliations with real brands or individuals. Examine followers and cross-reference usernames with official accounts; even the smallest differences might point to fraud. Follow the red flags we stated earlier when it comes to cryptocurrency trading platforms with little presence. One thing to remember is to constantly seek answers, especially when you're not sure of something. Scams involving investments frequently employ complicated strategies to mislead potential victims. There are only two possible outcomes: either it is or is not a scam. Report the scam to prevent others from falling victim Last but not least, the most important step is to report the scam. Congratulations on avoiding falling into the grasp of these fake cryptocurrency exchanges. But then someone else might not be as lucky, and they could become a victim. This could result in significant financial losses and a long recovery process. By doing nothing more than reporting the scam, these undesirable consequences can be easily avoided. Help others avoid falling for these tricks. Though reporting the scam appears insignificant, it is a huge help for others. By doing this, you help ensure that authorities are made aware of fraudulent websites such as Obbed.com and that they are able to block them in order to stop other people from falling victim. Are you wondering where to report the scam? Use the links provided below. In addition, we have compiled an entire directory of where to report online scams, which includes anti-scam organizations from various countries. Provide the authorities with everything they need to know in order to make your report more helpful to them. You've done your research; send it to the appropriate channels and let them take action. Now that you are fully informed about Obbed.com and cryptocurrency exchange scams in general, we hope that you will avoid and quickly report any suspicious platforms in the future. By taking a proactive approach, scams can be prevented, and fraudulent websites are rapidly taken down before they may deceive people. This will reduce the number of possible victims and make scammers reconsider setting up a new fake cryptocurrency exchange. We wish you a safe and enjoyable online browsing experience. Stay safe.Lack of presence on social media
B. Negative reviews from victims
Always confirm legitimacy
Bottom Line
OBBED traps their customers by setting fraudulent prices for ETHEREUM (ETH).They set the price of ETH on their exchange higher than other crypto exchanges, as a result many traders including me are interested in doing arbitrage trading in ETH cryptocurrency on their exchange.
The difference price of ETH on their exchange, say 362 USDT (approximately 10%). In my case, I bought ETH on the Binance Exchange at 3,528 USDT, then I sold the ETH on OBBED.com for 3,890 USDT. Therefore, I got a profit as much as 10%.
I did this arbitrage trading 2 times and everything went well and smoothly. However, after doing this arbitrage trading 3 times, when I wanted to withdraw my funds, they refused my withdrawal by stating that my withdrawal was suspicious.
Their system gave me a warning and required me to verify my wallet. Their warning system stated that I had to make a deposit of 250 USDT and they promised after I successfully made a deposit, I could withdraw all of my funds at OBBED.com.
In fact, after I successfully made a deposit of 250 USDT, I still couldn’t withdraw all my funds of USDT 902! I then contacted their customer service to ask about my withdrawal being rejected, they told me to make a deposit back of USDT 250 in one deposit but I strongly refused. I just realized that I’ve been scammed by OBBED.com! What I regret is, their customer service then blocked me.
Then I did a search about OBBED.com’s fraudulent behavior on trustpilot.com. I found that there were complaints from several other traders who had been cheated by OBBED.com.
Hi Hassan! Thanks for sharing your experiences and information.