Is EiCash.com a Legit Crypto Exchange or a Scam? Full Investigation

EiCash.com is a scam disguised as a cryptocurrency trading platform, deceiving users with fake claims and fabricated data. Despite its professional appearance, numerous red flags confirm it as an unregulated and fraudulent operation.

In this article, we will expose its deceptive practices, explain how the scam works, highlight user complaints, and provide safety tips to avoid such schemes.

What is EiCash.com?

EiCash.com presents itself as a cryptocurrency exchange, claiming to offer a secure and user-friendly environment for trading.

According to its website, the platform was established in June 2018 by Hank Weizen and aims to provide easy access to digital assets for both individual and institutional investors.

The platform boasts features such as a high trading volume, diverse cryptocurrency pairs, and top-tier security measures.

However, deeper analysis reveals that these claims are false and misleading.

Screenshot of Homepage of Official Website of EiCash.com

Red Flags Indicating Fraudulent Activity

Lack of Regulation and Legal Standing

One of the most critical red flags is that EiCash.com operates without any regulatory approval.

Legitimate cryptocurrency exchanges are required to be registered with financial authorities such as SEC, FCA, or FINCEN, ensuring compliance with laws and investor protection.

EiCash.com does not provide any verifiable information regarding its licensing, compliance, or regulatory affiliations.

This means users are entrusting their funds to an unregistered entity, which can disappear at any time with their money.

Fake Trading Volume and Market Manipulation

EiCash.com claims that by 2020, it had reached a daily trading volume of $2 billion and, in 2021, recorded an all-time high (ATH) trading volume of $35 billion.

These figures are completely fabricated and have no backing from independent sources.

Several crypto analysts have pointed out that EiCash.com mirrors Binance’s BTC/USDT trading data, with slight delays.

This is a common tactic among scam exchanges to create an illusion of liquidity.

By copying order books and market trends from a reputable platform like Binance, EiCash.com deceives users into believing it is a major player in the crypto industry.

Suspicious Withdrawal Policies

EiCash.com employs classic fraudulent withdrawal restrictions to steal users’ deposits. While making deposits is easy, withdrawals are often delayed or outright denied.

The platform enforces a policy where users must make an “activation deposit” before being able to withdraw their funds.

This is a well-known scam tactic, where victims are forced to send more money to retrieve their initial deposit—only to lose everything.

Numerous users have reported that after making this additional deposit, their accounts were blocked, disabled, or left unanswered by customer support.

Fake Reviews and Misleading Ratings

On Trustpilot, EiCash.com has an average rating of 3.5/5, based on just four reviews. Such a low number of reviews for a supposedly well-established exchange is a huge red flag.

Several of the positive reviews appear to be fabricated, while the negative reviews confirm that users have been scammed and unable to withdraw their funds.

A common scam tactic is paying for fake reviews to create the illusion of legitimacy. Since EiCash.com lacks a significant number of genuine user experiences, it is clear that the platform is not trustworthy.

Use of Deepfake Celebrity Endorsements

EiCash.com utilizes deepfake technology and voice-dubbed videos to create fake endorsements from famous personalities like Cristiano Ronaldo, Elon Musk, and Bill Gates.

These misleading videos are promoted across YouTube, TikTok, and Facebook, tricking unsuspecting users into believing that top celebrities back the platform.

Upon investigation, none of these celebrities have ever endorsed EiCash.com, and their likeness is being used without consent to lure victims.

No Transparency in Operations

A legitimate exchange provides verifiable information about its company, executives, physical location, and legal registrations. EiCash.com fails to provide any of these details.

The absence of an official business address, verifiable leadership team, or proper customer service raises serious doubts about its authenticity.


How the EiCash Scam Works

Step 1: Luring Users with Fake Promises

EiCash.com attracts users through:

  • False claims of high liquidity and trading volume.
  • Fake testimonials and positive reviews.
  • Celebrity deepfake videos promoting Bitcoin giveaways.

Step 2: Forcing Users to Make Deposits

Once registered, users are tricked into making an initial deposit before they can trade or withdraw their “bonus.”

Step 3: Preventing Withdrawals

When users attempt to withdraw their funds, they are met with obstacles such as:

  • Requests for additional verification.
  • Claims of “technical issues” delaying the withdrawal.
  • Accounts being blocked after deposits are made.

Step 4: Disappearing with Victims’ Funds

Once the scammers accumulate enough deposits, they:

  • Disable user accounts.
  • Take down the website and set up a new scam under a different name.
  • Move stolen funds to untraceable wallets.

Conclusion: EiCash.com is a Scam

EiCash.com is a fraudulent and unregulated cryptocurrency exchange that tricks users into depositing funds while preventing withdrawals.

It employs fake celebrity endorsements, misleading trading data, and deceptive deposit requirements to steal money.

Users should avoid EiCash.com at all costs and report any interactions with the platform to authorities and cybercrime agencies.

Staying vigilant and informed is key to avoiding similar scams in the future.

Frequently asked Questions

Is EiCash.com a legit cryptocurrency exchange?

No, EiCash.com is a scam and has no legitimate regulatory approval.

Is EiCash.com regulated by any financial authorities?

No, EiCash.com is not registered with any financial regulatory body, making it an illegal operation.

Can I recover my money from EiCash.com?

Unfortunately, most victims cannot recover funds, but reporting to cybercrime units can help prevent future scams.

Is EiCash.com affiliated with Binance?

No, EiCash.com copies Binance’s trading data but has no affiliation.

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