Recently, a cryptocurrency exchange named Bora Band has generated ample buzz in the market due to its lucrative affiliate program and its own cryptocurrency token.
In this post, we are going to review Bora.Band and let you know whether it is a legit platform or not.
What is Bora Band?
Bora Band is a cryptocurrency exchange and also has its own cryptocurrency BRA. They also offer an affiliate program that allows users to earn more money over the perks of crypto trading.
There is no information provided about Bora Band founders or headquarters on its website.
According to SimilarWeb, the total visits on its website are 611k+ with the top countries reaching India (55%), Saudi Arabia (33%), and Pakistan (9%). Moreover, its domain was last updated on June 2023, as per WHOIS.
|Known as||Bora Band|
|Site type||Cryptocurrency exchange|
|Services offered||Crypto Trading|
|Domain registration date||5 July 2022|
|Contact e-mail||[email protected]|
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Bora Band Review
After investing in Bora Band’s business model and its affiliate program, we found several red flags in it. Let’s take a look at them:
- Founders are hiding
- No information about the headquarters
- Withdrawal issue.
- Not under the regulation of any government authority
- Possible Ponzi scheme
- Negative customer reviews on the internet
We found relatively few online reviews while researching the Bora Band corporate profile, but the ones we did find seemed to be unfavorable most of the time.
Consequently, these issues cast serious doubt on its credibility.
Update: Bora Band collapsed on 30, June 2023 and its operators have been arrested in India.
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Who is the operator of Bora Band?
There is no information available about the operator of Bora Band.
From where Bora Band is operating?
There is no information available regarding the Bora Band headquarters or the location of operation as well.
Is Bora Band legit?
Although Bora Band has displayed numerous characteristics of a deceiving operation, it will take time to determine whether it is merely legitimate or not.
Should I join Bora Band?
Due to the suspension of withdrawals, you should avoid using Bora Band to avoid losing your money.
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