Bitcoin Diamond looks like a scam

Posted: 27 November 2017 6:09 pm

snip bcd

Think twice.

The following information was originally posted at

There's some compelling evidence that Bitcoin Diamond is a fake scam coin, conceived about a month ago. Most notably:

  • Some of its supposed partners have disavowed it, and said they have no affiliation with Bitcoin Diamond.
  • The domain name was only registered on 3 November, anonymously.
  • The Bitcoin Diamond twitter was also only created in November 2017 and has never tweeted.
  • The Bitcoin Diamond Telegram Group was also created in November, and doesn't allow for actual communication.
  • The EXX.COM exchange, which has been linked to Bitcoin Diamond, also only came online in November 2017.

There is no wallet support, no source code has been provided, there is no communication and the features promised by the coin might also be a bit too good to be true.

While it was never properly listed on any exchanges, Bitcoin Diamond futures were being sold, and briefly peaked at over US$100. It's very likely that this is a scam coin, and that some people lost money buying a coin that never really existed.

This has a lot in common with fake ICO scams, and it's always worth making sure you know how to spot bitcoin scams and avoid falling for them.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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