USDTONE Review – ICO Scam and Merciless Pig Butchering Combo

This exchange’s barely operational website doesn’t quite instill trust. Furthermore, the firm operates under suspicious legal circumstances and definitely without proper supervision.

As Reddit users figure out the truth, many still fall for the deceptive strategies of textbook crypto frauds. Please read this USDTONE review before proceeding.

Broker status:	Unregulated Exchange
Regulated by:	No license
Operating Status:	Active online crypto sham
Known Websites:	app.usdtone.com
Blacklisted as a Scam by:	N/A
Owner:	USDTONE CRYPTO SERVICE LIMITED (alleged)
Headquarters Country:	US (alleged)
Foundation Year:	2019
Online Trading Platforms:	WebTrader
Mobile Trading:	Available
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	N/A
Crypto Asset Trading:	Yes (BTC, ETH, XRP)
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:	Stay away from this ICO scam and pig butchering fraud!

Definitely Not Supervised

The USDTONE exchange claims to be owned and operated by USDTONE CRYPTO SERVICE LIMITED, registered in Denver, Colorado. According to the database kept by the Colorado Secretary of State, the firm was incorporated in 2023. We found this company based on the address provided on the website.

However, crypto providers in the US are strictly regulated and overseen by several entities. First, they need an SEC registration, and this entity can’t be found with the company search option provided by SEC.

And although the firm is an MSB registrant, they aren’t sufficiently regulated to provide crypto trading services. Moreover, the registrations mentioned are only valid if the website has anything to do with the alleged parent company, which also remains unverifiable!

In addition, the fact that the app’s default language is simplified Chinese hints that this may not be a US exchange at all. All of this means that the conduct doesn’t abide by the regulatory rules and that it is not legit. Registration doesn’t equal a crypto trading license, so please don’t fall for the trickery.

Reddit is Outraged

According to the latest posts on Reddit and USDTONE reviews found there, users are being tricked into depositing on this portal by people behind fake social media profiles. Countless similar complaints could be found on the account of the Arbitrage Genius scam, so we recommend you read that review as well before investing.

If the exchange was as good as the heavy advertising promises, they would have reviews on popular sites like Trustpilot, Sitejabber, Reviews.io, and others. Expectedly, these do not exist.

Propaganda and ICO Fraud

The whole story Reddit users are re-telling smells like a pig butchering scam. This sort of deception includes alleged attractive ladies manipulating people to invest in their promising crypto deals.

On the other side, the majority of these shady offers also comprise the USDTONE ICO scam, where many allegedly valuable coins are listed, but haven’t been launched yet. Victims are led to believe these tokens will be extremely valuable once they hit the markets so targets are motivated to invest. Of course, being a typical initial coin offering (ICO) fraud, these coins are all worthless.

The company apparently employs more foul strategies to increase its popularity. Fake financial articles are found everywhere online, and they promote the allegedly bright future of this illegitimate exchange.

Capable Investors Targeted

The vast majority of targets seem to be residents of the following countries, according to the latest reviews:

• United States
• Canada
• United Arab Emirates

The website itself has been operational since 2019, and has been preying upon crypto enthusiasts with a significant buying prowess. That doesn’t mean, however, that they won’t be trying to scam whoever shows even slight interest.

Therefore, we advise you to break off any contact with these schemers and contact our recovery service for help if you’ve already invested.

Don’t Trust the WebTrader!

Without being properly regulated to provide online financial services in the form of trading crypto instruments, the firm still has a simplistic USDTONE app to offer. This rudimentary web software does provide some form of charting, yet it does not offer the option to customize the layout.

Also, the only available functions are to open and close positions, which is inferior compared to any prominent exchange website out there. This screams scam, so it is better not to risk your funds with this rigged platform.

Phishy Mobile App

If you go to the USDTONE download section, you will find options to download the Google Play Store app and the App Store software. The first one is a phishing attempt, as the app is not on the official store, features a high rating without any reviews, is falsely verified, and promises a $20 gift card.

The App Store terminal has actually managed to pass the security check and get approved by the store owners. However, that doesn’t mean that it isn’t used for entrapping the clients’ assets and stealing deposits.

Thirsty for Crypto

The portal provides access to a seemingly rich palette of digital coins for trading. Among these, more popular are BTC, ETH, LTC, LINK, NEO, SOL, ADA, DOT, DOGE, TRX, XRP and some others. However, compared to established exchanges, this one doesn’t offer a particularly wide range of assets.

Registration Steps

Attempting to create a new USDTONE login demands you pass a series of steps that include depositing:

1. Account Registration
2. Real-name authentication
3. Security Binding
4. Transaction

First of all, this means that there’s no option for trial testing. Secondly, you won’t even get to test the platform, yet you will be expected to share your personal information and deposit funds. Traders are asked to reveal as much as possible before they’re even aware what they’re getting themselves into!

Hidden Fees Strategy

Another disturbing circumstance about being a client of this exchange is that you won’t be able to learn about costs until it’s too late. No fee structure has been revealed, so taker/maker fees, commissions, and other charges remain unknown. Also, leverage and other trading parameters are secret.

Clients are typically asked for fees to be paid in advance, which is certainly not legal or characteristic for a properly regulated platform.

Funds Remain Stuck

As Redditors have already revealed, the majority of assets they’ve invested in this platform are kept by the swindlers and not released, no matter what the victims might say or do. That’s because financial cons only want to impress their targets and urge them to invest, after which they can freely disappear.

It explains why the USDTONE withdrawal doesn’t work. In addition, the lack of legal papers further casts doubt on the legitimacy of the whole platform.

Let Us Help You!

Has your digital wealth been stolen by common fraudsters like this one or others? Trade Vision 365 and other cons we often review don’t tend to give back the funds they illicitly take.

Therefore, we advise you to seek help from professional money recovery firms like ours. Contact our chat agents and book your free consultation. And don’t forget – the first interview with our experts is always free of charge!