Perlybit Review – Who Is Behind Perlybit.Com?

Overview of scam broker Perlybit

Perlybit presents itself as a regulated crypto exchange. However, in reality, it is an anonymous institution attempting to deceive susceptible traders. As a wise trader, it is vital to be cautious of such tactics and not fall for cheap tricks. 

To trade crypto securely, seeking regulated crypto exchanges or brokers with a proven track record is best. Think about Binance or Kraken, for example. Through this Perylbit review, we will examine the intricacies of this scam. We will also provide valuable insights to keep you informed and safe.

Perlybit Overview

Leverage 100x
Regulation No
Headquarters N/A
Minimum Deposit N/A
Review Rating 1/5
Platforms Web
Spread N/A

Is Perlybit Legit or a Scam Brokerage?

It has come to light that Perlybit is not only an unregulated broker but also a totally illegitimate one. To lure investors, they have resorted to showing a fake certificate on their web page, which is a big cause for concern. 

Engaging in an unregulated investment scam like this can lead to fatal consequences. Note that they are notorious for convincing investors to deposit increasingly higher amounts before fading into the ether once they have acquired their desired sum.

What’s more, Perlybit claims to have been operating for more than a decade but has not disclosed any financial documents to support this claim. Financial reports are an essential tool for investors. 

Notably, they provide insight into a company’s past performance, which can help predict its future success. The lack of such documentation on Perlybit’s site raises concerns that no actual trading is taking place. Avoiding such scammy individuals is of essential importance.

Perlybit Trading Software Overview

Perlybit scam presents a web-based trading interface that is quite similar to the typical trading venues among crypto exchanges today.

However, when compared to the software used on legit exchanges, the Perlybit broker’s offering falls short of being unique. Although it may initially seem user-friendly, the platform lacks even the most basic tools. For instance, it lacks simple indicators or additional charting tools.

So, it’s wise to opt for trading platforms provided by legitimate crypto exchanges like Binance, Kraken, Coinbase, or Alternatively, one could choose to trade with a forex broker with access to the crypto market.

Most such brokers offer their clients the option to trade on MT5, one of the most widely used platforms for trading. MT5 is known for its intuitive and UI-friendly interface, as well as its many great tools.

Account Types Available

Truthfully, Perlybit is a bit hush-hush about their account options, leaving potential clients in the dark. There’s even speculation about a premium account, but the lack of clarity is totally absurd.

This deceptive broker seems to have a knack for choosing its targets carefully. The broker hunts those who may be vulnerable or unsuspecting. Once they’ve found a victim, they go in for the kill, using any tactics essential to reel them in.

It’s always best to be cautious and stick with legit brokers who are transparent about their offerings. Don’t fall victim to the lure of a seemingly easy win. Always make informed decisions when it comes to your investments.

Available Trading Instruments

Perlybit’s website claims to offer only crypto trading, which is a little strange since most scam brokers at least pretend to have other options like FX, commodities, or shares.

Trading in crypto can be risky, and since it’s still a relatively new market, many crypto exchanges aren’t regulated by reputable financial market authorities. Despite this, Perlybit claims to offer several crypto assets, including BTC/USDT (Tether), ETH/USDT, LTC/USDT, and XRP/USDT.

It seems like Perlybit just copied an overview of the crypto market from somewhere and is trying to pass it off as their own. You should look for a reputable broker who can offer you more reliable trading options.

Deposit and Withdrawal Procedure

When it comes to depositing with Perlybit, be aware that this broker only accepts payments in crypto and has a 1% fee on all deposits. While you can choose from many coins such as Bitcoin, Ethereum, BNB, Tether, USD Coin, XRP, ADA, Bitcoin Cash, Dash, and more, it’s critical to note that Perlybit does not offer any traditional payment options.

Unlike most crypto exchanges, which accept bank cards, bank transfers, and e-wallets, this broker scam is urging you to deposit only in crypto. The reason for this is simple – these digital assets are untraceable, making it easier for scammers to hide their tracks.

Remember that all crypto transactions are final and go into a ledger that cannot be modified. You would have difficulty getting a refund if you deposit with the Perlybit broker scam. Stay vigilant and always choose a reputable broker that offers multiple payment options.

Got Scammed by Perlybit? Get Your Money Back!

Have you been scammed by a broker who only accepts payment in crypto? If so, getting a refund can seem impossible. But don’t give up hope just yet! We’re here to introduce you to crypto tracking.

Crypto transactions may seem untraceable, but there are tools available that can track transactions by their unique ID and connect them to a specific wallet within the exchange. With this information, clients can submit a legal letter to the exchange requesting a refund.

It’s important to remember that crypto tracking isn’t foolproof. There’s no guarantee that you’ll be able to recover your funds.

Perlybit Summary

  • Perlybit is a scam broker that offers only crypto trading but fails to provide transparent information on account options.
  • They have a 1% fee on all deposits and only accept payments in crypto, making it harder for clients to track their transactions and get refunds.
  • The broker’s web-based trading software lacks reliable tools, making it inferior to legit crypto exchanges like Binance.
  • Perlybit offers a limited selection of crypto assets, but its overview of the crypto market appears to have been copied from elsewhere.
  • The broker uses shady tactics to lure victims and can be easily identified as a scam. 

FAQs About Perlybit Broker

Is My Money Safe With Perlybit?

No, your money is not safe with Perlybit, as it is a scam broker. You should remember this.

What Is The Minimum Deposit for Perlybit?

Perlybit fails to mention the minimum amount clients have to deposit, which is suspicious.

Does Perlybit Offer a Demo Account?

No, Perlybit does not offer a demo account, as it is a big scam that wants to lure clients.


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Nov 17, 2022
Reading Time: 3 min
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