Cryptomate and BritCoin. Warning signs!

By | Sep 7, 2017
britcoin-chart-6-sep-17
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Looking as I do at alt coins, for new ICOs, good potential, and — one of the best indicators — transparency and a reliable team, I came across BritCoin on the CryptoMate exchange. Now, I’m not saying Britcoin is a bad investment. I wouldn’t say that about any coin, because I don’t want to be sued. However, I can say that it’s not something I would invest in myself. The warning signs I got were not subtle. Looking first at ownership and location of the Cryptomate.co.uk domain host, I found it to be in the middle of Australia.  This despite the fact that it is a UK domain. It’s in Crocodile Dundee country. You might be able to fly there if your private plane can cope with landing on a bumpy dirt track.

britcoin-web-location

Secondly, looking at the track record of Britcoin, it does not appear to be picking up in value. If anything, the opposite is true.

britcoin-chart-6-sep-17

britcoin-chart-6-sep-17

Penultimately, they are using an unregistered crown image in their logo, which is illegal in the UK. This gives it the appearance of having Royal approval, which it clearly does not have.

britcoin-appearance

Finally, it appears that even the owners are not looking at this as a long-term thing. The domain runs out of registration on 26th Jan 18. As a .co.uk domain, it could have been registered for 2 years, but was only registered for one, which would save them about £2.50

All-in-all, these factors give me no confidence in Britcoin. Do they make you feel confident?

Here is my disclaimer on the above: Everything has been used under Fair Use for the purposes of criticism and or comment under international copyright law.

Don’t go investing in something unless you can easily afford to lose your whole investment!