When it comes to crypto risks in Bangladesh, the combination of unregulated markets, weak enforcement, and widespread misinformation creates a dangerous environment for retail investors. Also known as cryptocurrency dangers in Bangladesh, these risks aren’t theoretical—they’ve cost people their life savings. Many users think buying Bitcoin or altcoins is safe if they use a popular app, but that’s not true here. Platforms like Bitcoin.me and 99Ex aren’t just unreliable—they’re outright scams designed to drain your wallet before vanishing.
One of the biggest crypto scams in Bangladesh, are fake airdrops. Projects like PNDR, CSHIP, and IMM claim to give away free tokens, but they’re all dead ends. These scams target people who don’t know how real airdrops work. You don’t get free crypto by entering your wallet on a random website. Legit airdrops like ASK from Permission.io require verified participation, not just signing up. And if a token has zero trading volume—like ICG or UniWorld—it’s not an investment. It’s a ghost. Then there’s the issue of banned crypto exchanges, where platforms like BitBegin and Coinviva operate without oversight, charging high fees and offering almost no support. These aren’t just inconvenient—they’re traps. Kraken and other global exchanges block users from Bangladesh entirely because of compliance risks, which tells you everything you need to know. Even if you think you’re being smart by using a local platform, the lack of legal protection means there’s no recourse if things go wrong. No regulator will step in. No customer service line will help. You’re on your own.
What makes this worse is the flood of misinformation. People are told to invest in "the next Bitcoin"—a token with no team, no whitepaper, no code audit. They see fake market caps on CoinMarketCap and assume it’s real. But those numbers are manipulated. The real danger isn’t price drops—it’s losing everything to a project that never existed. You don’t need to be an expert to avoid these traps. Just ask: Is this exchange regulated? Does this token have real trading volume? Is this airdrop tied to a known, active project? If the answer is no, walk away.
Below, you’ll find real stories from people who lost money to these exact schemes. You’ll see how fake exchanges operate, why airdrops turn into phishing traps, and which crypto projects are completely dead. This isn’t theory. It’s what’s happening right now in Bangladesh—and how to protect yourself before it’s too late.
Crypto trading is illegal in Bangladesh, with severe legal, financial, and personal risks for citizens. Despite bans, underground markets thrive - but without protection, users face fraud, arrest, and bank freezes.
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