A new platform named BuddyX claims that it is empowering cryptocurrency and forex traders by using blockchain technology to boost security and transparency.
In addition, BuddyX asserts that its new ecosystems would restore power to the fund owner.
In this post, we will review BuddyX.World and let you know whether it is a legit site or not.
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What is BuddyX?
BuddyX is a multiutility fintech platform backed by blockchain that allows you to perform payment, forex trading, create a crypto wallet, and a lot more. It also offers a referral program to earn more money over the perks of fintech services.
There is no information available about the founders of BuddyX. Moreover, BuddyX is registered in Seychelles, UAE, and Cyprus, as per BuddyX’s website.
According to SimilarWeb, the total visits on its website are 390+ and its domain was last updated on April 2023, as per WHOIS.
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|Forex, crypto, payments
|Domain registration date
|10 March 2023
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After researching BuddyX’s company profile and business model, we found several precautionary signs in it. Let’s take a look at it:
- Operators and founders are not upfront.
- No precise information provided about headquarters or other offices.
- No contact support system.
- Fewer reviews on the internet
- Lack of transparency and single page public website.
- Possible money circulation scam.
Given the opaque nature of BuddyX and the referral program, there is a considerable likelihood that this is a Ponzi scheme run by unidentified operators.
Most often, these scams fail and participants lose a significant amount of money.
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Who is the operator of BuddyX?
There is no information available about the founders or operators of BuddyX.
From where BuddyX is operating?
According to its website, BuddyX is operating from Seychelles, Cyprus, and UAE but they failed to provide precise addresses of offices.
Is BuddyX legit?
No, BuddyX doesn’t appear to be a legit site.
Should I use the services of BuddyX?
One should use BuddyX services on own risk.
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