Swmok review – Stay away from this SCAM exchange

Swmok review

In this review we prove that Swmok is a scam cryptocurrency exchange that you have to avoid.

What is Swmok

At first sight, Swmok looks like an ordinary cryptocurrency exchange that will let you trade with digitals assets such as Bitcoin, Ethereum, XRP or Polkadot.

The exchange might look attractive because it has low fees, starting at 0.10% and 0.20% (maker – taker fee). Which is similar for example to what Binance is offering.

Swmok has allegedly been founded in 2014, which would make it one of the oldest crypto exchanges in the world, thus seemingly reliable. It is available in more than 246 countries, so basically everywhere in the world.

But is Swmok legit, can you trust it with your money?

Swmok scam

The truth is that Swmok is a scam that you have to stay away from it in order not to lose money. Here is why.

Lies

Swmok claims that is has been online since 2014. Seven years in the crypto business is a lot, especially for an exchange. The problem is that it is not true.

When you dig deep, you will first find out that the Swmok.com domain exists since 2009, so you might be thinking that the exchange is telling the truth.

But when you look in the internet archive, you will find that the website has been empty all those years, see an example in 2019.

So Swmok was not a functional cryptocurrency exchange two years ago, let alone in 2014.

Another striking fact is that Swmok is not listed on Coinmarketcap.com among exchanges even today!

The conclusion is simple, Swmok is not an established exchange, it started sometimes this year and not in 2014 as it claims on its website, so it is a scam.

By the way, it also means that the statements about being trusted by 100K+ traders and trading billions in cryptocurrencies are also completely false.

Swmok scam

Not regulated

Cryptocurrency trading is not regulated. Which does not mean that crypto exchanges can’t be licensed – they can, it’s just not mandatory.

And Swmok claims that it is licensed and permissioned to operate in many countries including the EU and US. Which again is not true.

Swmok is not licensed anywhere. You can make a search in registers of any regulator that comes to your mind, and you won’t find Swmok anywhere.

You can start in the company registers of Delaware, Malta, Singapore and Hong Kong, because Swmok claims to be registered in all these jurisdictions, and you will see that you will find nothing at all.

So, the statement about regulation is just another lie presented on the website of the exchange.

Not regulated

Anonymous and dangerous

The only contact information that Swmok provides on its website is an e-mail address. And that is a red flag. The company claims to be registered and regulated in several countries, so they should provide addresses of their offices.

But we know that the exchange is not registered nor licensed anywhere in world. We know it is a scam. This is why people who run it are doing their best to stay anonymous. They are here just to take your money and run away with it.

You can’t expect anything else from a crypto exchange that is lying almost about every important aspect of its business. There is a clear pattern of lies with the aim to mislead the public.

How Swmok works

We have seen and reviewed hundreds of scams, so we can have a good guess about how Swmok really works.

The exchange is working with cryptocurrencies only, you can’t make a deposit with any method that is reversible. So when you make a deposit, that will be it, you will never get anything back.

Swmok is just a black hole where money will disappear. And since we don’t even know who is running the exchange and where they are located, it will be extremely hard to recover any money send to this dishonest project.

This is why you have to stay away from it.

Swmok review – Conclusion

Swmok is an obvious scam because the exchange is lying about its history, performance and regulatory status. Stay away from it!

If you want to try legit crypto trading, you can start on a free demo with a regulated company. You will get virtual money to practice.

If you then decide to invest real money, please make sure you understand the risks of investing.

Swmok

10 USDT
0.7

Legitimacy

1.0/10

Regulation

0.0/10

Honesty

1.0/10

Pros

  • N/a

Cons

  • Full of lies
  • Not regulated
  • Not established
  • Not trustworthy
Please share this review to help warn other people

Comments 14

  • I almost got suckered into this one on WhatsApp. Person sent me a message posing as a woman named Amy Han and said she was from Korea and that her uncle with an insider for JPMorgan. Send me a message asking was I Randy with a? I told her no but she lured me into a conversation that lasted for a couple days then tried to get me to invest and put money on the sbk which is listed on the currency exchange that is fake. I asked her how much she had invested in it she said 30,000! Haha all I can say is I’m glad I didn’t invest even one penny even though she encouraged me to do so. I almost fell victim to this but thank God for this review and the person that does investigative services here on scam he was right on spot!!!! Thanks so much for the time and energy he spent if I find out this information. I hope this helps others not to fall victim to this scam!
    Thanks TW

  • The same thing happened to me. A woman contacted me with WhatsApp. She posed as a wealthy Korean woman living in NY. She was looking for a real estate consultant to buy an apartment in downtown NY and she wrote me by mistake. She always insists that she buy cryptocurrencies and invest it on that page. The strange thing is that she has been talking to me for several months and she is still doing it. I am following the plot but I have been clear for a long time that she is a fraud. Be careful.

    • lol the woman that contact me have a similar story. From Japan living on Miami with an uncle in NY. Its been a few days that she been talking to me. Also she contacted me by accident looking for some real state guy name Pitt… first then she change his name to Pett. or something. She said she in beauty and cosmetic industry. that she move to UK from Japan and then here to persuade some kind of business. The phone num she is using does checks as a UK num. so dont get tricked.

  • Same thing happened to me, I was contacted “by accident” via WhatsApp by a woman from Japan who supposedly lives in New York and is doing pretty well in the world of the crypto currencies. She’s been insisting that I invest in SBK since it’s still in its early stages and it looks pretty promising. She also mentioned her aunt who works for JPMorgan and gave her and authorization code that I needed to register on swmok.com in order to be able to purchase the coin.

    Thanks for this infor!!

  • SAME. A woman contacted me on WhatsApp. She posed as a Japanese woman living in Miami with an uncle living in NY. She was looking for a real estate consultant name Pitt or Pet … to buy an apartment in Miami and she wrote me by mistake. She always insists that she buy cryptocurrencies and invest it on that page. She has been talking to me for several weeks and she is still doing it.

  • ditto here. Same pattern. I could not find SBK on Crypto.com or Robinhood. Very insistent and same story from you guys about the uncle and such. Somehow my credit card would not work directly with their app to buy SBK. So I had to go to Crypto to deposit then read your comments about this scam.. Someone is watching out for me. Thanks for the heads up.

  • I ran into the same Whatsapp scam. The woman claims her name is Amanda and she’s a wealthy owner of a fashion design company from Korea. She has a rich uncle in NY who gives her investing advice and they’ve supposedly made millions of dollars investing in SBK. I was suspicious of her claims cause I couldn’t find any evidence of SBK being a real cryptocurrency. The only reason I keep talking to her is so she has less time to scam other people.

  • A complete fraudulent company with a fake address, fake phone number, and fake service, Don’t listen to that con artist Ian Callum. I was duped even more after talking advise from that con artist.

  • Same history guys!!! The japanese girl rich, with aunt. She sent pictures of her, lives in NY and has a gym presumably, her name was Meiko yamaguchi and always insisting on investing in cryptocurrencies and mining. I almost fell for that scam!! I believe that many fell for this scam… run away!

  • Hello, I see that many say that they almost fell but in my case if I fell to be honest I am inside with $ 7,000 and it is reporting $ 51,000 but the question is if I can get it out of there I have goose bumps with this fraud, I also have photos of the supposed Japanese girl with an aunt in NY.

  • Same thing here. I’m probably going to try and waste their time a little bit before I report their account to Whatsapp.
    A girl named Alisa was looking for a guy named Mark, I told her she’s got a wrong number and to have a nice day to which she started a conversation about how she just moved from Japan and is new to Miami. I was like, ok, let’s see where this goes. It was going well, me being from Eastern Europe, I was excited to have a Japanese for a friend and so I kept on talking to her.
    Her personal story was very convincing, came from a divorced family, her dad lost everything to gambling, now she had to leave Japan but her sister is still taking care of their mom.
    But, it was her uncle who works at Citibank in Japan as a senior manager who made her get into crypto market. Specifically, he was her insider and told her to invest in SBK when its value was around 1.1 USD and now it’s ~$26.
    I tried googling this SBK and couldn’t find it anywhere on any real crypto market site. Then I said that I’ll do more research and figure it out on my own and she sent me the link and the instructions which all just seemed like a scripted phase, just like Jim Browning and Kitboga are exposing on YouTube.
    On that swmok dot com website the SBK currency is almost at the top of the list, while it’s not showing up on any other site. She explained that this is because it’s still in the ICO phase and I should invest in it now because the value is only gonna go up.
    So I decided to still do my research and that’s how I ended up here, reading all these comments and being thankful that I didn’t get sucked into this scam.
    These people are ruthless and will use whatever they need to convince you to give them your money. Just stay away from them.

Leave a Reply

Your email address will not be published. Required fields are marked *