Is UrduBit.com Scam?

UrduBit claims to be the first Pakistan based BitCoin trading platform. In this post we will examine if it’s scam or legit. And even if legit, is it reliable or not to trust it with our bitcoins. Along with pros and cons of this platform.

Summary of Negative points

These are few negatives and cons about UrduBit which make it at least unreliable and untrustworthy, if not a scam!

  1. Not registered with government of Pakistan
  2. Ask for original documents and pure signature of the user – as personal policy (not government requirement)
  3. Only 3 person team
  4. Are not technical, didn’t even know about if offline wallets exist
  5. Money not spent well on website, SSL certificate is FREE one, Chat script is FREE, and so on, making it insecure and unreliable to send and hold our money and documents
  6. They share private info and screetshot from official platform to public without even asking, imagine how secure your documents and signature are with them

Details of these points plus many more are discussed below.

Update: Don’t forget to eat the conversation with UrduBit support in the end.

urdubit scam fraud

Domain Analysis of UrduBit.com

  1. The domain name was registered in 2014 for 1 year
  2. In 2015 it was renewed for 3 years
  3. Domain expires in 2018
  4. The owner is from Pakistan while the technical contact is from USA

Any serious company wouldn’t register or renew their domain for anything less than 10 years. Especially when it’s dealing with people’s money.

We can see this information in the domain whois, shown in the image below:

urdubit domain whois info

Wayback machine’s analysis

The wayback machine analysis for UrduBit shows that the site haven’t changed or updated its main design ever since 2015.

However, they did remove their phone numbers and address from the footer. The address and phone numbers shown on the footer were:

urdubit address phone number

I’m not sure why would they remove it. Especially because the numbers were present on the site till last April 2017.

Anyway, the contact number and address of UrduBit.com team are:

Head office: DotZero 14th Floor, Dilkusha Forum, Mian Tariq Road, Karachi, Pakistan

PTCL: (021) 34556352

Mobile: +92-334-2921358 & +92-341-8553996

Email: [email protected]

Free SSL Certificate used by UrduBit

Amazingly, the SSL certificate (crypto technology) used by the CryptoExchange, UrduBit, is the Universal SSL of cloudflare, which is free with free account ofcourse!

The SSL used is: COMODO ECC Domain Validation Secure Server CA 2

urdubit ssl

Seriously? You want me to give you my information, verfication data and even access to all my cryptocurrency on a universal and free cloudflare ssl? Which got hacked recently last time!

A huge turn off and negative part. I wouldn’t trust them in anyway after seeing this!

Verification process analysis

I tried checking their verification process. They require you to verify your identity before you can add funds to your UrduBit account.

Guess the amazingness of this process. The verification process looks like this:

urdubit verification form

Did you see that? No you didn’t! Let me show you!

  1. Signature? Seriously? What for?
  2. National ID card picture while holding it?

Yes I understand that many websites these days ask people to verify using the id card like this. But wait, does paypal do that? Does any other monetary site do that? Then why are you just following the weird sites which ask you to do this? Can’t someone photoshop this to have any card in anyones hand too? Come on!

And wait, signature? You need me to submit a pure signature so that you can use it anywhere? Wow!

Ok even if you’re a pious angel, what’s the guarantee that the hacker who’s getting all my data coming to your server due to the FREE SSL you’re using from cloudflare? Who’s gonna take guarantee of that?

Zendesk not whitelabelled

As it’s apparent from the chat screenshots below, the zendesk support they’re using is not whitelabelled. Which clearly shows the level of investment and seriousness they’ve for this project.

Team lacks knowledge of Cryptocurrency or CryptoWorld

Checkout the conversation between UrduBit and me while trying to figure out their policies and process.

  1. The staff was responding after ages
  2. The guy didn’t even knew what are offline wallets
  3. The guy ran away

urdubit scam fraud support

urdubit scam reliable review

urdubit review

The transcript of this conversation is as follows:

Chat started on 12 Jun 2017, 10:48 AM (GMT+0)
(10:48:25)*** nabtron joined the chat ***
(10:48:25)nabtron: to any offline wallet
(10:48:48)*** Support joined the chat ***
(10:49:09)Support: apka wallet kahan per hai?
(10:50:07)nabtron: brother, ap new ho crypto ma shayad, please google for “offline wallets” 🙂
(10:55:37)*** Support left the chat ***
(11:04:33)*** nabtron has commented: seriously? you guys don’t even know what an offline wallet is? ***
(11:04:38)*** nabtron has rated the chat Bad ***
(11:05:03)nabtron: I’m going to blog about this chat dude!

You can well imagine the level of the team who don’t even know what an offline wallet is! It’s a big turn off for me and I won’t be trusting them ever in the future with my money, bitcoin or any cryptocurrency.

Irony is, the guy simply quit and ran away when he realized that he don’t know what an offline wallet is.

Twitter account full of Excuses

How can you simply close the market for 3 days? Wow! I can only imagine the type and mindset of people who would invest in such a market which could simply go down for days and simply tweet about it!

The twitter account of UrduBit.com is full of issues and excuses! Have a look at few recent tweets:

urdubit scam twitter

Focus on the Dates. They’re not all of one day. But spread over weeks!

And also this:

urdubit twitter account

Imagine trading on such a market! Yeah good luck!

Conclusion

The team might not be a pure scam, but it’s NOT RELIABLE at all. They lack technical skills of handling an online bank, let alone a marketplace. They don’t have proper mindset and pattern which will ensure safety of our funds in their system. And oh, the safety of our information and the signature that they ask us to submit! It’s a big NO and STAY AWAY site in my humble opinion.

  • Shoaib Shaheen

    Hi good to read this and this very helpful article
    so what you propose from where i go to purchase bitcoin/litecoin in Pakisntan

    • Ideal is to buy from someone you know personcally or can trust online. Otherwise meet the provider in person and buy from him. We’re hoping to launch buy sell section on this website too soon though.