Who's invested in Cryptocurrency

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  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
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    markj113 wrote: »
    That list is not a list of all companies that accept bitcoin, I know that for a fact as I have made several purchased using bitcoin with companies not on that list.

    Were the prices quoted in bitcoin, or did they convert your bitcoin into another currency?
  • fwor
    fwor Posts: 6,811 Forumite
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    geoffreycelen wrote: »
    I will never invest in cryptocurrencies. Is it beneficial?


    Forum profile spammer. Can you tell from the quality of his posts?
  • AlisonCVS
    AlisonCVS Posts: 89 Forumite
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    I "Invested" almost £1000 with Cryptonash. I made some profit which was shown on my online account. But trying to cash in the company went quiet and I still have not received my money. Can anyone advise is there any way to take any action against them?
  • masonic
    masonic Posts: 23,295 Forumite
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    AlisonCVS wrote: »
    I "Invested" almost £1000 with Cryptonash. I made some profit which was shown on my online account. But trying to cash in the company went quiet and I still have not received my money. Can anyone advise is there any way to take any action against them?
    How did you fund the payment?
  • AlisonCVS
    AlisonCVS Posts: 89 Forumite
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    masonic wrote: »
    How did you fund the payment?

    Via their website I made a deposit from my bank account.
  • masonic
    masonic Posts: 23,295 Forumite
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    AlisonCVS wrote: »
    Via their website I made a deposit from my bank account.
    That's a shame, there really isn't any recourse if you make a bank transfer to a fraudster. A payment by card might have given you other options.

    Of course, you could try to take action against them, but the likelihood of success is low. Perhaps report it to ActionFraud.
  • masonic
    masonic Posts: 23,295 Forumite
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    Just to add, it doesn't look good:

    https://www.scamadviser.com/check-website/cryptonash.com
    https://www.reddit.com/r/Bitcoin/comments/82ovww/my_dad_started_investing_in_bitcoin_using/
  • TBC15
    TBC15 Posts: 1,452 Forumite
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    geoffreycelen wrote: »
    I will never invest in cryptocurrencies. Is it beneficial?

    Your actions are, it proves your not a halfwit.
  • AlisonCVS
    AlisonCVS Posts: 89 Forumite
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    masonic wrote: »
    That's a shame, there really isn't any recourse if you make a bank transfer to a fraudster. A payment by card might have given you other options.

    Of course, you could try to take action against them, but the likelihood of success is low. Perhaps report it to ActionFraud.

    Actually now I come to think of it - it was by debit card. Does this make a difference?
  • masonic
    masonic Posts: 23,295 Forumite
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    AlisonCVS wrote: »
    Actually now I come to think of it - it was by debit card. Does this make a difference?
    Yes, you could contact your bank and ask them to initiate a chargeback of the card payment on the grounds you haven't received the service you paid for (there's been a breach of contract) - you might need to provide evidence of this, which is where it could get tricky. It also depends on your card issuer being able to recover funds from the company's bank, but there's no harm in trying.
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