Nentrade – One Scammer Behind Many Sites


There are many fraudsters online that have discovered the potentials of websites and are actively knocking them out in their numbers. They seem to have the notion that the number of sites they have online is proportional to the number of investors they deceive.

Recent findings have shown that it is the same fraudster behind many scam sites that were simply clones of other popular sites. Nentrade is one of those sites that were set up to lure users with promises of quick gains.

What is Nentrade?

NentradeHave you considered the possibility that a cryptocurrency exchange could also be involved in gambling site? This is exactly what the Nentrade site is.  Even though on its homepage, it made no mention of the gambling activity that goes on in the site.

According to the introductory section of the site, it is a crypto exchange where users can buy and sell digital currencies such as Bitcoin. It claims that it is a convenient way to buy these assets using electronic wallets.

The site stated that it has more than 700,000 users who are satisfied with its services, but our checks shows that this is not true. The traffic going to this site is far lower than what you would expect from a site with nearly 800,000 users.

Who is Behind This Site?

NentradeA Whois search shows that the domain was registered on June 14, 2019. This is contrary to its claims that it has been in operation since 2013 on its About Us page where it stated that:

“Established in 2013 as the first cloud mining provider, Nentrade has become a multi-functional cryptocurrency exchange, trusted by over a million users”

The statement clearly contradicts its claims of 700,000 users. The fact that the site is barely two months confirms our suspicion that this is a site deliberately set up to deceive investors.

Gambling Section

We actually knew about this site through its gambling scam. The persons behind it shares promotional codes on forums giving users free spins on their roulette.

Now that is weird since it is the first time I came across an exchange that doubles as casino. When I signed up, I saw that there really is a casino page where the user is could play the roulette. This should raise a red signal to every investor.

NentradeInterestingly, the scam is designed in a way that the player always wins, but they must make some deposits to withdraw their winnings. Even though this is an old trick, many players are falling for it.

Here is the question someone asked in one of the forums where the fraudsters post their shady promo codes:

“Someone on discord recommended me to gamble on a website and gave me a referral code. After that I won 0.6 BTC. When I withdraw, the website prompts “New user. Your balance has been frozen until you make a deposit. Need to make a Deposit 0.1 BTC!”

This is the general tactic. You can be sure that sending the fund to the site would not yield the expected result, since the intention of the fraud site is to deceive the player to think that they actually won some cryptocurrencies.

A Malicious Browser Extension

There were reports that the site demands that the ‘winner’ installs a browser extension to withdraw their winning. This has been found to be a malicious phishing code that would enable the fraudster to steal the funds in the wallet of the player.

As a rule, you must not install any extension that you’re not certain of its source on your browser. It is a quick way of losing your funds. In fact, any site that demands that you install software to get paid is a phishing scam site.

You should also never pay before making withdrawals from any site because no legitimate business would ask for payment before withdrawing your funds.

This Site is A Clone

NentradeThe Nentrade site is a scam meant to steal from people through deposits made on the exchange or those made through the gaming section.

It is a replica of another exchange, CEX. This means that the intention of the owners is to deceive the customers of CEX to feel that this is a secure site since it has similarities with another secure site that they have used.


Sites like this would cause you losses. This is why it is important to carry out background checks on any investment platforms before sending your funds to them.

Never use an unknown or obscure investment site. It is a quick way to lose your money. Insist on sites that are regulated and have built online reputation. This is the only way your funds would be safe. Check here for our top recommendation for investments.

What information do you have about Nentrade? You may share them using our comment box below.



Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.

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