Jexcas.com advertises itself as the “#1 cryptocurrency gaming platform that is decentralized” founded by famous billionaires such as Elon Musk, or Bill Gates. The site attempts to draw customers by offering massive sign-up bonuses that range from to $10,000 in cryptocurrency just by registering and using promotional codes. However, the users soon find out that they can not withdraw any winnings since the site requires a second deposit, which effectively acts as an withdrawal fee. The article will provide the complete outline of the way in which the Jexcas.com fraud works so that you can be sure not to fall victim.
Scam Overview
On first impression, Jexcas.com appears to be an exciting and legitimate online casino. The sleek and professional site is filled with promises of huge cash payouts, huge sign-up bonuses and well-known games like slots as well as plinko, crash, and. In addition, with claims that it was developed by millionaires of fame, the website can appear trustworthy to novices in the cryptocurrency market.
A closer look will reveal Jexcas.com has a variety of red warning signs that should sound alarm bells
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How the Scam Works
The administrators of Jexcas.com have come up with a clever multi-step fraud designed to make victims part with their funds:
1. Make it easier to attract users with promotional offers
The first stage is to draw customers to the website with appealing promo offers including incentives of up to 10,000 in crypto just by signing in and making use of the promo coupon. These offers are promoted extensively on social media websites such as Facebook, YouTube, TikTok and Instagram and are targeted at those who may not be familiar with trustworthy crypto gambling sites.
2. Let Users Play Games Risk-Free
When users sign up for accounts after registering accounts, they are amazed to be able to see the huge Bonus balances in their account. Jexcas.com lets players play well-known casino games that are crypto-based, such as Crash, Slots, Dice and Plinko at no risk since the games are playing with bonus funds instead of their own funds. It gives the impression that winnings are possible, despite the fact that the bonus funds cannot be taken out (which is only revealed later).
3. Slowly Reveal Withdrawal Restrictions
If a player inevitably attempts to take a portion of their winnings earned from playing bonuses, Jexcas.com does not immediately declare that the withdrawals are impossible. Instead, they say that the user needs to “verify your account” prior to making withdrawals. This suggests that withdrawals are possible after the completion of additional steps.
4. Require Additional Deposits to “Verify” Accounts
This is the core of the fraud. When players attempt to take winnings out, Jexcas.com helpdesk representatives claim that their account needs to have to be “verified” prior to withdrawal. The verification process is simple, and will require an additional payment of up to 100$ to $500 to be completed.
In the hopes that they are performing a normal procedure of verification, accept the request to deposit. After completing the payment, Jexcas.com will come up with new excuses for why the withdrawal isn’t completed, requiring additional hoops to be jumped through.
5. Stonewall Users and excuses
After making deposits of hundreds of dollars in “verification” Users complain that Jexcas.com support is always back with additional withdrawal terms or excuses. This can be a result of:
You will need to complete any additional KYC steps
Recalls are delayed because of technical issues to technical problems
Users are required to deposit additional funds to “unlock” the withdrawals
This delay gives Jexcas.com the chance to close accounts that are not being used, as well as ghost users. Jexcas.com will eventually, take the site offline when sufficient new deposits have been accumulated.
Frequently Asked Questions
1. What is Jexcas.com?
Jexcas.com claims to be an uncentralized cryptocurrency gambling platform developed by millionaires who are famous. But the site is an unregulated fraud website that was created to take deposits from users. It lures users with the promise of huge welcome bonuses in crypto currencies that can never be taken away.
2. What is the Jexcas.com fraud work?
The site is a magnet for users thanks to large crypto sign-up bonuses of up to $10,000. Players can play games for fun without risk using the bonus cash initially. If they want to withdraw winnings Jexcas.com support demands that users make a deposit in their own cryptocurrency and claim it is required for “account validation”. Once they have made this payment the players find further obstacles to withdrawing money or the site is removed.
3. What kind of games does Jexcas.com offer?
The games offered comprise Crash, Dice, Slots, Plinko, Mines, Tower and Coinflip. These games work normal when you play using the sign-up bonus but the the winnings can never be cashed out. The games are simply a cover to give credibility to the scam.
4. Is Jexcas.com pay out the winnings?
There is no way, Jexcas.com does not pay out any legitimate withdrawals to customers. The website will make numerous excuses for why withdrawals can’t be accepted in spite of deposits of hundreds in cryptocurrency for “verification”. The victims will never be able to recover cash or deposit.
5. What does Jexcas.com make an announcement about the fraud?
Promoting ads for Jexcas.com are displayed on social media platforms such as Facebook, Instagram, YouTube as well as TikTok. The ads feature huge bonus cryptos for signing up and also feature fake endorsements from famous people like Elon Musk and Cristiano Ronaldo. The trick is to fool users who don’t know about it to believe that the website is genuine.
6. Is there any Jexcas.com story of a victim?
Yes, a lot of people have told stories on the internet regarding depositing hundreds in cryptocurrency per Jexcas.com support’s requests for withdrawal but not getting paid out. Support is unable to respond or eventually, they will disappear from the scene. The website does not have no plan to pay the withdrawal amount.
7. Is Jexcas.com licensed or regulated?
The truth is that Jexcas.com is completely unregulated and not licensed. The website offers no documents about its owner, location, or regulatory status. The absence of transparency is an unmistakable red warning that it is an untrue business.
8. What can I stay clear of the Jexcas.com fraud?
Make sure you only use licensed, established cryptocurrency casinos that have lengthy operating history. Study any gambling platform thoroughly prior to registering. Be cautious of big cryptocurrency bonuses that require a deposit to take winnings. If something appears too appealing to be authentic, it probably is
The Bottom Line
Websites such as Jexcas.com demonstrate why prudence is crucial when it comes to gambling online, particularly when promotions or crypto are involved. If you think that an offer looks too appealing to be real, it most likely is. Make sure you research any gambling platform thoroughly prior to deciding instead of relying on assertions of affiliation with famous people such as Elon Musk.
It is a great way to gamble and has numerous benefits, but it also comes with dangers if you choose to play on unregulated and online casinos that are anonymous and have no accountability. Be sure to stick to legitimate licensed casinos with a an established experience of fairness and pay out winnings. Be wary of a site which requires an additional payment just to get access to your current account balance or win.
If you take common sense precautions By taking common sense precautions, by taking common sense precautions, you can take advantage of the advantages of gambling with crypto without risk. However, you should look out for scams such as Jexcas.com which are just designed to take advantage of unsuspecting customers. Be wary of websites that promises something for free Do your research first and don’t let your ego outweigh good judgment.
