Neloax Review

What Is Neloax?

Neloax appears to be a fake cryptocurrency platform that uses fake giveaway promotion methods on social media. Crypto giveaway scams usually trick people with fake celebrity videos and promises of free Bitcoin.

Most of the time, these videos show the celebrity talking about a “new crypto opportunity” and how to get free Bitcoins. Of course, all of this is fake.

The lack of transparency is also concerning as we were not able to find the phone number, and physical address of Neloax.

Have You Been Scammed By Neloax?

If you are a victim of an online scam, fill the form below to get contacted by cyber security experts. Take action now and get help.

How Do Crypto Givaway Scams Work?

1. Fake Deepfake Videos

The scammers create videos that look real, using AI to make it seem like celebrities are endorsing the scam. They post these videos on Instagram, TikTok, or Facebook to make them go viral. These fake endorsements are designed to gain your trust.

2. Promise of Free Bitcoin

They use claims like “Get free Bitcoin instantly” or “Earn $10,000 with just a sign-up”. Once you visit the website, it claims you can withdraw free Bitcoin. But first, you have to create an account and enter a "promo code", often given in the video.

3. Hidden Deposit Requirement

After signing up and entering the promotional code, the scam website will display a fake amount of Bitcoin in your account. You are then told that you need to make a small deposit to activate withdrawals. In reality, there is no Bitcoin in your account. The dashboard is simply programmed to show a random number as your balance to make the scam look believable.

4. No Free Bitcoin, More Recycling

Once you pay, the scammers either disappear or try to convince you to pay even more. You will never receive the promised Bitcoin. These scam websites usually operate for weeks, luring more victims, before shutting down. Afterward, they often reappear under a different name, using the same website and video template to continue their activity.

3 Major Signs You’re Dealing with a Scam

Watch for these warning signs that can help you spot a scam:

• Fake Videos: Scammers often use video samples of famous people, like Elon Musk, MrBeast, Mark Zuckerberg or even Warren Buffett to make their scheme look real. These videos are created with advanced technology like deepfakes. Remember, no celebrity is giving away free Bitcoin. If you see such a video, assume it’s fake.
• No Contact Information: Legitimate investment websites provide clear details such as a company name, address, email, or phone number, and they should also be regulated to operate legally. These scams, on the other hand, do not display any contact details or company information.
• Too Good to Be True: Scammers promise “free money” or massive rewards simply for signing up or performing a small action, like clicking a link or entering a promo code. Genuine opportunities don’t work this way. Legitimate businesses or platforms don’t hand out money without a clear, verifiable reason, and they certainly don’t require upfront deposits to claim a reward.

How to Protect Yourself

To stay safe from scams like Neloax, it’s important to be aware of the common tricks scammers use. Even if a video on social media looks convincing, always verify it through official sources. Check whether the celebrity or company has actually endorsed the opportunity.

Always take a moment to check for online reviews. Scammers don’t have a clean online presence, and their websites often attract warnings or negative feedback from victims. Staying alert and cautious can save you from falling victim to scams like Neloax. If something feels off, trust your instincts—it’s better to stay safe than regret later.