NameSilo

warning Selling domain with crypto

SpaceshipSpaceship
Watch

mrakinajayi

Established Member
Impact
4
I just felt I should sound a warning alarm on the use of payment with unverified crypto exchange. It just happened to me and unfortunately, I lost a domain name already transferred to a scammer because I was paid with an unverified crypto exchange platform named buytonbit dot com.

It's sad because this is my initial foray in domaining investment
 
0
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
AfternicAfternic
Can you share your experience? I've been looking for crypto payment solutions lately as well and happened to ignore it, thanks a lot!
 
0
•••
Ok, it happened like the scammer contacted me on Telegram (apparently got my number from my socials) to show interest in one of my domain for sale. We agreed on a price and proceeded to payment by crypto exchange. Initially, I have scepticism regarding crypto payment but being my first time, I accepted hoping that it will work.

He used buytonbit dot com (he declared that's the only exchange working in his supposed country, China) so I registered on it. He actually transferred the amount to my account on the exchange which I saw, and in turn, I transferred the domain to him on GoDaddy.

My attempt to withdraw the transferred fund into my local crypto account proves abortive as the exchange demands me to make minimum deposit of $100 from my local crypto account into the buytonbit dot com account before withdrawal can be effected. This sounds strange to me which prompted me to make further and extensive research on the exchange.

Eventually, I found out the following: exchange was recently registered, previous blacklisted as scam using bytobit and renamed to buytonbit, no company or contact address, email or ID, the fund I saw was a flash into that wallet. Any further attempt seeking with them will result into my local crypto account being compromised.

Unfortunately, my domain is gone and I can't get it back (according to GoDaddy support). It's a lesson learnt and I choose to let people here know that it's better to be cautious and smart with crypto exchange platform for payments.
 
1
•••
there are markets and or registrars that let u buy with crypto or sell for crypto payouts

such as dan.com

do yourself favor and keep away from everything that's not dan
 
2
•••
unverified crypto exchange platform named buytonbit dot com.

This is where you lost it.

You should have used cryptoexchange.com for safer and lower fee. dan.com, atom.com are few alternatives with higher fee
 
1
•••
Ok, it happened like the scammer contacted me on Telegram (apparently got my number from my socials) to show interest in one of my domain for sale. We agreed on a price and proceeded to payment by crypto exchange. Initially, I have scepticism regarding crypto payment but being my first time, I accepted hoping that it will work.

He used buytonbit dot com (he declared that's the only exchange working in his supposed country, China) so I registered on it. He actually transferred the amount to my account on the exchange which I saw, and in turn, I transferred the domain to him on GoDaddy.

My attempt to withdraw the transferred fund into my local crypto account proves abortive as the exchange demands me to make minimum deposit of $100 from my local crypto account into the buytonbit dot com account before withdrawal can be effected. This sounds strange to me which prompted me to make further and extensive research on the exchange.

Eventually, I found out the following: exchange was recently registered, previous blacklisted as scam using bytobit and renamed to buytonbit, no company or contact address, email or ID, the fund I saw was a flash into that wallet. Any further attempt seeking with them will result into my local crypto account being compromised.

Unfortunately, my domain is gone and I can't get it back (according to GoDaddy support). It's a lesson learnt and I choose to let people here know that it's better to be cautious and smart with crypto exchange platform for payments.
thanks, for platforms you don't know about, you should try to withdraw your money before transferring your domain.
 
0
•••
Well noted!
 
0
•••
Dynadot — .com TransferDynadot — .com Transfer
Appraise.net

We're social

Escrow.com
Spaceship
Rexus Domain
CryptoExchange.com
Domain Recover
CatchDoms
DomDB
NameFit
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back