I Tried Xweel.com Free Bitcoin & was Scammed
Elon Musk is giving away free 0.31 bitcoin on Xweel.com. I found instagram posts and a YouTube video from someone who claimed to have received the free bitcoin on Xweel.com.
Daring the worse, I decided to sign up and claim the bitcoin using the promo code ‘”GRANTX’. Here’s my experience.
Takeaway
- Isn’t affiliated with Elon Musk.
- Users can’t withdraw the free Bitcoin offered
- No documentation to validate its claim of being regulated
- Hidden owner or creator info available
Transferring My Free Bitcoin from Xweel.com
After signing up on Xweel, the free bitcoin appears on the wallet after putting the promo code ‘GRANTX’. Attempting to transfer it to my Binance wallet, I was required to make a commitment. Users have to deposit 0.0025 bitcoin to get the free bitcoin offered. They said it’s ‘withdrawal/processing fee’
0.0025 transaction fee for 0.0031 bitcoin is outrageous. On the website’s Transaction Fees page, the amount mentioned for the transaction of that amount is 0.0002. So why are users required to pay more? Moreover the transaction fee should be deducted from the free bitcoin if they’re indeed legitimate.
This seems tricky especially as there isn’t any contact info available on the site if anything goes wrong. I couldn’t take the risk.
The Truth About Xweel.com Crypto Exchange
Xweel.com free Bitcoin Promo Code is part of a scheme to defraud users. Launched in February 2025, Xweel.com is a fraudulent crypto trading platform that lures unsuspecting internet users with promises of free Bitcoin using fake promo codes and fake endorsement of high-profile celebrities.
To verify the endorsement authenticity, I checked for the official announcement, reverse-searched the video, and verified the celebrity’s involvement through trusted sources. There isn’t any credible backing that links Xweel to Elon Musk.
Analyzing the promotional video, I observed characteristics common with Deepfake videos. Key red flags include unnatural facial movements, disjointed voice synchronization, and inconsistent lighting, which are often present in deepfake videos. The background also seems distorted.
From all indications, the free Bitcoin giveaway is fake and not endorsed by the celebrities mentioned.
A Breakdown of The Xweel Scam
After signing up on the fake crypto platform, the scam kicks off. First, users are tricked with a user-friendly interface that mimics real crypto exchanges, like Binance or Coinbase, which creates the impression of dealing with a legitimate service.
After creating an account and entering the Bitcoin promo code, the user is shown a Bitcoin balance in their account—often appearing as if they have received free Bitcoin. This is designed to reinforce trust and make them feel as if they’ve struck gold.
Here’s the catch: although the user is shown a Bitcoin balance, they are unable to withdraw any of it unless they pay a specific “withdrawal fee” or “processing fee”. The website claims that the transaction requires a special verification process or that there are hidden fees to ensure the withdrawal goes through.
This is the critical moment where the scam unfolds. Users are pressured into paying these fees, thinking they will be able to access their Bitcoin once they’ve completed the payment. However, once the fee is paid, the platform will create another reason why the user can’t withdraw their funds, often requiring additional payments. Eventually, the user realizes they can never access the Bitcoin they were promised, and the platform disappears, taking their money with it.
Why You Should Avoid This Crypto Trading Platform
Not Regulated or Licensed
Xweel claims to be certified and endorsed by a couple of legal departments but there’s no evidence backing it up. This falsification of claims is rampant among scam websites as it aims to give the victims a false sense of legality and trust. Legitimate crypto exchange/investment platforms are either regulated by the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), etc., depending on the country it operates from.
No Transparency
There’s no information about the company’s founders, its headquarters, and official registration. Legitimate platforms typically provide a transparent background, whereas platforms with limited or no public information often raise concerns.
Fake celebrities’ endorsements
The use of fake celebrities’ endorsement videos is not something a reputable brand would ever indulge in. This points to the lack of ethics and transparency of the platform, and this is enough reason to avoid them like the plague.
Limited Online Presence
The platform has a limited online presence, with no clear information about its team members or physical address. Legitimate platforms are more forthcoming about their team members and general activities.
No Reputation
Vetraxbit registration details on Who.is (a domain checker tool) revealed the website was recently created, precisely in January 2025. This lack of history indicates a low level of reliability and a high risk of scams.
Lacks Customer Support
The platform doesn’t provide an email address or telephone number for user feedback. Legit platforms offer 24/7 customer service through multiple channels. Scam platforms either don’t have customer support or don’t respond to your inquiries.
How to Spot a Scam Crypto Trading Platform
- Check for Regulatory Compliance
Before signing up on any platform, ensure it is regulated by a reputable authority. Well-known authorities like the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the U.S. regulate legitimate trading platforms. Always check for compliance with these bodies. - Look for Reviews and Feedback
Search for independent reviews and user feedback about the platform. Be wary of reviews on the site itself, as these can be fake. Check trusted review sites like Trustpilot or Reddit to see if others have experienced issues with withdrawals or any other fraudulent activities. - Confirm Celebrity Endorsements
If you come across a platform claiming that a famous personality like Elon Musk is backing it, verify it independently. Check the official social media profiles or news websites to confirm whether the celebrity is indeed associated with the platform. Never rely on videos or images alone. - Test Customer Support
Reach out to the platform’s customer service. A legitimate site will respond promptly with real answers, while scam sites often delay responses or provide automated, vague replies. - Read the Fine Print
Always thoroughly read the terms and conditions before signing up. Scam platforms may hide critical information, such as withdrawal fees or a lack of guarantees for withdrawal.
What to do If you’re a Victim of Xweel Scam
If you’ve fallen victim to a crypto trading platform scam, here’s what to do:
Stop Further Transactions
Immediately halt any transactions on the platform. Avoid depositing more funds or trying to make withdrawals.
Document Everything
Take screenshots of your account, transactions, and any communication from the platform. This will be important for reporting the scam.
Report to Authorities
File a complaint with your local law enforcement and report the scam to regulatory bodies like the U.S. SEC, FCA (UK), or your country’s financial regulator. In the U.S., also report to IC3 (Internet Crime Complaint Center).
Notify Crypto Exchanges
If your funds were transferred to a known exchange, inform them immediately to flag the transactions and potentially block the scammer’s account.
Use Malware Protection
Run a full malware scan on your devices to ensure scammers haven’t infected your system. Use trusted anti-malware software to protect your information.
Avoiding Crypto Recovery Service Scams
Another layer of danger comes after you’ve already been scammed. If you’ve fallen victim to a crypto scam, you might encounter crypto recovery services that claim they can help you get your money back—for a fee. These services are, in fact, another scam designed to steal more of your money.
How These Recovery Scams Work:
- They Promise to Recover Your Crypto
Recovery scammers will claim they have a network of experts or connections with crypto exchanges that can help reverse fraudulent transactions or recover lost crypto. - They Demand Payment Upfront
Once you contact these so-called recovery agents, they will demand an upfront fee before beginning any recovery work. This fee is often a percentage of the funds you’re hoping to recover. - They Disappear with Your Money
After receiving the fee, they will either disappear or continue to demand more money for additional steps in the “recovery process.” Eventually, you’ll realize you’ve been scammed again.
Conclusion
In conclusion, Xweel.com is a fraudulent crypto trading platform that uses fake celebrity endorsements and misleading promotional videos to scam unsuspecting users. Avoid this platform at all costs and be cautious of similar scams.
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