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 These are just the most recent badsites. Click below for these and more Cryptocurrency badsites In alphabetical order.
4400 Badsites as at August 15th 2017

The complete Badlist

The Badbitcoin Project
Exposing bitcoin and cryptocurrency frauds since Feb 2014

Many people who visit this site for the first time, do so because they have already lost bitcoin to one of the many prevalent scammers who are just out there to take it from you.

If you have lost bitcoin to a thief, then you will understand what this project is trying to achieve.
We want everybody's bitcoin experience to be a good one, and we want to see bitcoin help to pave the way toward a society that can be fairer.
Once you get your first Bitcoin, Ethereum, Zcash or any other Cryptocurrency, there is no going back, and indeed, no need to.

This project is 100% dedicated to Cryptocurrency. All our revenue and spend is now sourced entirely within this Industry, and we aren't just about Bitcoin, we cover all the main Coins. Bitcoin (BTC or XBT), Litecoin (LTC), Ethereum (ETH) etc. We no longer investigate faucets as these would need their own site.

Start learning about Cryptocurrency safely - visit our Safety Tips page.

The Badbitcoin Tee-Shirt


Tip of the Week
Bitcoin and PayPal

PayPal and Bitcoin do not mix well.

You will come across sites that offer Bitcoin to PayPal and PayPal to Bitcoin exchange. Whilst there may be some people out there with the best intentions, there are a lot more who use loopholes in these methods to steal from you.

Cryptocurrencies, will fall into the category of 'Digitally Delivered Goods', and not just with PayPal, but with many other payment processors, and that is just a minor hurdle! The big problems begin with the various ways that you can be asked to pay.
Never send the payment as a 'Gift' or as a 'Friends and Family' payment, as these fall outside the Buyer Protection safety layer, and this is the most common ploy used by these crooks. Paypal have no responsibility for your protection, when you waive that protection voluntarily.

Typically, these dodgy exchanges may also offer other unrefundable and unprotected payment processors, such as Western Union, OK-Pay, Neteller, Payeer and a few more. Using any of these to buy Bitcoin or other cryptocurrency leaves you totally unprotected if the seller doesn't send the bitcoin.

Sadly, bitcoin attracts lowlife, as they can easily remain anonymous, but do not fear, we have a few exchanges listed in our Safelist, and they won't rob you!


To report Internet Fraud to IC3  - Click Here
To report Internet Fraud to the FBI anonymously - Click Here
To report Internet Fraud to the UK Police - Click Here


 

What is a Ponzi or HYIP?

A Ponzi is any scheme which pays interest to "Investors" from Bitcoin coming in from new Investors. A HYIP (high yield investment program) is just a Ponzi. All Ponzi/Hyips will fail. The later Investors will lose everything when the scheme folds and leaves with the Bitcoin. Most HYIPS and doublers etc, just steal it immediately. You send it and they keep it.
Due diligence is your own responsibility.
There are plenty of good sites out there where your Bitcoin and your work are safe. You just need to do your homework, including checking here. If it isn't in our Badlist, email us, and we'll check it and get back to you.

Here’s the psychology behind the typical ponzi’s & HYIP's run by the “professional” scammers. They know most people will do this.

You deposit a small amount, you want to be cautious, you can’t quite figure out how they do this – but they sometimes double it (or pay promised interest) and pay you.
You think – Ah that’s great, so you either redeposit the entire amount, or just your profit. You get that back and think wow, it works, so then you deposit a much larger amount and in the worst case, even get your friends and family involved in this wonderful money making scheme.

Then one day, after not long it just doesn’t get returned – there is some issue with your account, or your withdrawal is stuck or something similar, so you keep emailing the site and gradually it dawns on you that you’ve been scammed. Commonly the scammer will even show you the transaction, but it just isn't real.

Even if you just put your initial profits back in, the conman hasn’t lost anything – and the depositors who think they are ‘playing’ the ponzi, by getting in early, do try that, and most of them don’t get it back either. People who run Ponzi's are thieves.

Some people empty their life savings into these scams, and they are the ones the scammers are really after. Once they get that big depositor, they move on and create a new ponzi, just leaving the old one alive for a while to mop up any new ‘mugs’ Some even return after a 3 or 6 month absence to catch a fresh load of hits, they will never run out of victims. It’s what they do, and they are expert at it.

Here's a very common scam.
Bitcoingenerator scam


'Whatever can go wrong - Will go wrong'   - Murphy


Our Team is made up of volunteers worldwide, and we welcome new contributors.

You will no doubt come across negative comments about this project, but understand that this is the scammers only route to fight back, and a great many of these scammers are the same people who are Senior, and Gold members of forums.
Forums relating to bitcoin are the best source of conflicting information ever, which is why we keep it plain and simple, we tell you it's a badsite (albeit sarcastically - we have to stay sane) and that's really all you need to know to stay safe.

When we started this project, we didn't expect that it would still be needed years later, but the interest in bitcoin is driving every web fraudster to try their hand after bitcoin. The bitcoin Industry on the whole is clean, these fraudsters generally do not come from the inside, but often from the world of fiat, and a great many from developing countries and Eastern Europe.

It can be really easy to misunderstand the bitcoin environment when it's all new to you, and it will take you some time to grasp some of the rules, concepts, and limitations. This leaves you vulnerable to the swathes of scams and ponzis that try to lure you into their promises of easy money, and doubling or even 100 times multiplying your new 'Magic Internet Money'
It doesn't work like that. It isn't magic, it's just very efficient, very secure, and much sought after by thieves the world over.
If you have bitcoin, you need to learn to look after it, or these crooks will soon take it from you.

Don't make it easy for them. Contribute by reporting suspect sites to us when you find them, and we'll do the rest.


Declaration of Interests. We currently have project investments in Bitcoin Mining at ViaBTC, and we also mine ourselves. We would not invest in anything we considered to be a Ponzi or Scam. As a project, we are not directly funded by any organisation and depend on ad revenue, our own, and other donations, and our external investments. We also provide links including referral links to trusted 3rd party sites, not including External Advertisers beyond our control. Updated April 2017
PS - As a friendly tip, we probably aren't the people to generally ask about good bitcoin investments. We are pretty good at what we do, but so far, like yourselves no doubt, we aren't really that succesful when it comes to our own investments.


Freebitco.in Trusted BTC Earning
** The longest running and most trusted Bitcoin Earning site. Start Here **

Irony disclaimer, and Caution

The high costs of running this site are helped by adverts. We also have to advertise in the same places as the scamsites. We have little control over this externally served content, and consequently we do not directly endorse any 3rd Party advert. Some adverts will even appear in our Badlist. But at least the Bitcoin they spend on ads is coming back into the Bitcoin Industry.

Footnote. The evolution of society beyond the demise of the failed capitalist neo-liberal (Neo-con) experiment, first needs the evolution of it's means of trade and exchange. The current financial system, and system of fiat currency, is not fit for present or future purpose, and for all intents and purposes is already obsolete. Bitcoin is our first financial step towards a fairer, more beneficial society for all. An experiment that separates Money from The State. Bitcoin is incorruptible, decentralised, concensus led, and above the influence of conventional politics and economics. A parallel currency with which you can begin to trade, and no middleman to take their slice or to gamble with your asset. When you deposit money to a Bank, it becomes the Banks property to do with what they choose, bitcoin is different, and you are your own Bank. It is up to you to take care of your bitcoin, and also to use it, not hoard it, and to be an important part of helping to build this fair and open global society. Bitcoin is worth what somebody is prepared to exchange it for, be that USD, Yuan, PC-hardware, Webhosting or anything that 'money' might buy. You can even get a bitcoin Debit Card. However, the bitcoin Blockchain, and it's potential is a much much bigger subject.


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