Obbed Review – One of the Many Faces of Crypto Arby Trade Limited

This con artist is all about talk. They talk about being committed to protecting your assets, helping you earn and ensuring you grow your digital wealth with minimum effort. To convince their unsuspecting victims, these charlatans mimicking blockchain experts even have false reviews to help them.

The deception doesn’t work on our scam investigators – read more about the real intentions behind this website in our Obbed review.

Broker status:	Unregulated Exchange
Regulated by:	No license
Operating Status:	Active crypto trading sham
Known Websites:	obbed.com
Blacklisted as a Scam by:	CBR
Owner:	CRYPTO ARBY TRADE LIMITED
Headquarters Country:	UK (alleged)
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	No
Minimum Deposit:	0.000493 BTC
Deposit Bonus:	No
CFD Trading Option:	No
Crypto Asset Trading:	Yes (BTC, BNB, BCH, TRX)
Available Trading Instruments:	Crypto
Maximum Leverage:	N/A
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Deceptive works of scammers can damage your financial future – avoid this scheme at any cost!

Who is Behind the Obbed Exchange?

None other than the infamous CRYPTO ARBY TRADE LIMITED is the company that runs this sham. While they like to claim to be a reputable and fully legit business from the UK, one look at this entry in the UK Companies House clears all doubts. This concrete company was dissolved in 2022, and these cons have probably just stolen their name for the sake of deceiving their targets.

However, this name is already known to own many other false crypto exchange platforms like Ceftix, Zokdex, Bluns, CEFAX, and others we’ve already reviewed.

CBR has issued a warning against the scheme back in 2022. Among these, Staksxbit also stands out as an extremely dangerous crypto trading scam – make sure you avoid them, as well.

Review Selling Networks are Active

Vast majority of Obbed reviews we’ve found online represent high opinions and excessively positive feedback. That is evident from both Trustpilot and Review.io pages.

Seems like these swindlers are determined to leave a false impression on their potential victims at any cost. That’s why they collaborate with review selling sites. However, it does look like traders are waking up from the illusion. Reddit comments suggest the campaign is a crypto stealing trickery without necessary regulations.

If you look closer at negative comments on Trustpilot, you will see many complaining about advance fees scam.

Secret Telegram Groups Spread Lies

Free coins, airdrops, huge discounts and quick profit are just some of the advantages promoted on anonymous Telegram chat groups. People posting there make sure you are convinced in the illusion by letting you try out the platform and even withdraw small profits.

Once you deposit more money into the scheme, your Obbed wallet will be freezed and you will be asked to pay high withdrawal fees. Paying these won’t really work, as it’s just another way for the crypto thieves to extort more money from you.

Schemers Don’t Sleep

Although this domain was created in 2019, it didn’t start operating for fraudulent purposes until some point in 2023. Since then, most of their victims have been the residents of these countries:

• Poland
• United States
• Italy

There’s no way to tell when this fraudulent entity will make more sites with similar deceptive content. If you’ve already fallen victim to their trickery, please don’t hesitate to contact our legal advisors and recovery professionals.

Speaking of manipulators and financial cons, you should also be weary of Equitiz – another blacklisted firm.

Multi Purpose Bogus App

Website owners would like to make us believe that their Obbed app is a technological wonder that allows traders to invest in spot, futures and options and earn seamlessly.

As if trading is a child’s play, investors are led to believe all of their trading endeavors will result in profit. Believing such ridiculous claims made by notorious fraudsters will only push you into bankruptcy, so please refrain from investing in such deals.

Dozen Assets Only Available

Obbed staking and trading features are centered around a very limited pool of coins. Only some of the most popular ones are available, while more exotic coins are not even mentioned.

Here are some of the most frequently traded tokens: BTC, ETH, LTC, XRP, USDT, USDC, TRX, BNB, BCH, DOGE, XMR, EOS, SHIB and a few others.

Undemanding Registration

Joining this platform is relatively simple – all you have to do is choose your username and then provide an email and a password. Your new Obbed login will take you into the client zone where you can choose to deposit, withdraw, and transfer coins. Only after full verification can users get to place orders.

Since that means sharing personal information, we don’t recommend you do it. Else, you may easily be robbed and become a victim of identity theft.

Trading & Payment Fees

As is with the majority of today’s crypto exchange portals, this one also adjusts the fees according to the trader’s activity. Therefore, lower monthly trading volume means higher fees, of which Maker and Taker fees are 0.3%. Highest trading volume is awarded with a discount so these fees are -0.05% and 0.05%.

Both deposit and Obbed withdrawal fees are charged, but only account funding commission is revealed. Bitcoin deposit fees are 0.000016 BTC plus a standard 1% tax in orders.

Sabotaged Withdrawals

Most of the complaints filed against this scammer pertain to payout issues. While frauds don’t make a fuss about any deposit amount, the cybercriminals will always come up with reasons to deny withdrawals. These can be a trading volume requirement, high fees required in advance, frozen balance or any other excuse.

As usual, all fees are hidden when it comes to withdrawals and crypto payments are preferred so cons can keep their identity concealed.

How to Recover Crypto?

Taking back your digital assets from online financial frauds may not be so easy, especially how hard it is to track crypto transactions. However, our recovery specialists have the technology and knowledge needed to perform these difficult tasks. Contact us today and book your free consultation to find out more about the process.