Nadcas.com claims to be one of the “#1 decentralized crypto gaming platform” founded by billionaires such as Elon Musk and Bill Gates. The site attempts to lure players by offering massive bonus offers for signups of up to $10,000 in cryptocurrency just by registering and utilizing promotional codes. But, the users soon realize that they cannot take any winnings back, since the site requires a second deposit to be made before they can use it as the fee for withdrawal. This article will give you the complete details on how Nadcas.com scam works so that you will not fall victim.
Scam Overview
From the first look, Nadcas.com appears to be an exciting and legitimate cryptocurrency gambling website. The attractive website is loaded with promises of huge cash payouts, substantial sign-up bonuses as well as popular games such as slots as well as plinko, crash, and. With claims that the site was founded by famous billionaires The site could appear plausible to those who are new to the cryptocurrency market.
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Fake Celebrity Endorsements
A typical scam technique is to name-drop famous entrepreneurs such as Elon Musk, or athletes such as Cristiano Ronaldo to claim they are involved in the venture. Nadcas.com has a number of questionable claims made that it was made by several billionaires with a high profile. However, there is no evidence to suggest that any of these persons have ever endorsed or connected to the website at all.
Inflated User Statistics
Nadcas.com boasts impressively high figures in the categories of “Total Players Online” and “Total Registered Players” to indicate that it is a well-known and well-known gambling website. However, these figures are most likely faked by fraudsters or fake accounts in order to fool real players. The legitimate platforms show a more modest growth in users.
No Verification Requirements
In contrast to online casinos that are regulated, Nadcas.com does not require identification verification for users when they sign up for accounts. This allows operators to remain anonymous, which is a distinct indication of a fraudulent operation. A strict know-your-customer (KYC) processes are crucial for responsible crypto gambling.
Withdrawals Conditioned on Deposits
The most clever tactic employed by Nadcas.com is that they require deposits prior to the possibility of withdrawing winnings. This can be used as a withdrawal fee that is able to circumvent gambling laws, allowing Nadcas.com to earn money from the victims. The legitimate platforms do not restrict withdrawals from accounts in this manner.
Zero Transparency
There is nowhere on the website that Nadcas.com provide any information about its owners, locations and regulatory licenses or policies on responsible gambling. This total lack of transparency regarding its financial and operational aspects is a red flag that players cannot be trusted or verify any information about the site.
Too Good to Be True Bonuses
Nadcas.com offers aggressive promotions on social media to offer cash rewards of $2,000-$10,000+ in crypto to sign up. These massive bonuses that do not require a deposit should be a quick alert that something is wrong. A sustainable company cannot afford to provide this much money for nothing.
Phony Games
Although Nadcas.com is said to have a wide selection of online gambling, the games are created to attract players rather than providing an enjoyable gaming experience. They allow “risk-free” play with the welcome bonus money to create trust before withdrawal restrictions are put in place.
If they can recognize these warning signs, crypto players are able to avoid being a victim of scams such as Nadcas.com. The old saying goes, “If it seems too good to be true, it probably is.” Do your research thoroughly on any gambling site online prior to placing any money in crypto.
How the Scam Works
The Nadcas.com operators Nadcas.com have created a unique multi-step fraud designed to deprive customers of their funds:
1. Make it easier to attract users with promotional offers
It is the first thing to do. to draw players to the site by offering attractive promotional offers, for example, bonuses of between $2,000 and $10,000 simply for signing up and by using an promo coupon. These promotions are widely advertised through social media platforms such as Facebook, YouTube, TikTok and Instagram which target users who may not be familiar with other reputable cryptocurrency gambling websites.
2. Let Users Play Games Risk-Free
After users sign up and sign up, they are amazed by the huge bonus balances that are in their accounts. Nadcas.com lets players play well-known casino games that are crypto-based, such as Crash, Slots, Dice and Plinko at no risk since they’re playing with bonus funds and not deposits. This creates the illusion that winnings can be made however, the bonus funds cannot be used to withdraw (which will only be revealed later).
3. Slowly Reveal Withdrawal Restrictions
If a player is able to withdraw a portion of their winnings from bonuses, Nadcas.com does not immediately inform them that withdrawals aren’t possible. They instead state that the player has to “verify their account” before making withdrawals. This suggests that withdrawals are possible upon the completion of additional steps.
4. Require Additional Deposits to “Verify” Accounts
This is at the root of the fraud. If users attempt withdrawal winnings Nadcas.com Support staff will claim that their account needs to have to be “verified” first. It is convenient, as the verification process requires a second deposit of $100-$500 to be completed.
The unwary users, thinking they’re following a normal verification procedure, accept the request for deposit. After completing the payment, Nadcas.com will come up with a new reason that the withdrawal can’t be processed, requiring additional hurdles to be jumped through.
5. Stonewall Users using Explanations
However, even after making deposits of hundreds of dollars to “verification”, users report that Nadcas.com support will simply reply with additional withdrawal requirements or excuses. It could be as simple as:
It is necessary to complete additional KYC steps
The withdrawal process is delayed because of technical problems
Users are required to deposit additional funds in order to “unlock” withdrawals
The delay allows Nadcas.com time to stop shutting down accounts as well as ghost users. They will eventually, take the site offline after enough deposits have been accumulated.
Frequently Asked Questions
1. What is Nadcas.com?
Nadcas.com advertises itself as a decentralized cryptocurrency gambling platform founded by billionaires of fame. However, it’s an unregulated, scam website that is designed to steal players’ funds. It entices users by promising large bonus bonuses for signing up in crypto that are not refundable.
2. What is the Nadcas.com scam operate?
The website attracts players with huge crypto signup bonuses that range from to $10,000. Players can play games for free using the bonus funds first. If they want to withdraw winnings Nadcas.com support demands that users pay with their own crypto in order to “account verification”. Once they have made this payment users face additional obstacles in withdrawing money or the website disappears.
3. What games do Nadcas.com provide?
Games available are Crash, Dice, Slots, Plinko, Mines, Tower and Coinflip. The games function normal when you play using the sign-up bonus however, winnings cannot be taken out. The games are simply disguises to provide credibility to the scam.
4. Does Nadcas.com pay the winnings?
There is no way, Nadcas.com does not pay out any legitimate withdrawals to its users. Nadcas.com is constantly coming up with reasons for why withdrawals can’t be completed regardless of depositing hundreds of crypto to “verification”. The victims will never be able to recover cash or deposit.
5. What does Nadcas.com make a case for the fraud?
Adverts for promotion of Nadcas.com appear on various social media platforms such as Facebook, Instagram, YouTube as well as TikTok. They highlight huge bonus cryptos for signing up and also feature fake endorsements from famous people like Elon Musk, or Cristiano Ronaldo. The trick is to fool users who don’t know about it into thinking that the site is legit.
6. Do you know of any Nadcas.com customer stories?
Many users have posted stories online about deposits of hundreds in cryptocurrency per Nadcas.com support’s request for withdrawals however, never receiving the money out. Support blocks requests, or eventually, they will disappear from the victim. The site does not intend to make withdrawals.
7. Is Nadcas.com licensed or regulated?
Nadcas.com is not regulated. Nadcas.com appears to be completely unregulated and not licensed. There is no evidence of the owners, locations or status as a regulatory entity. The lack of transparency an obvious indication that it’s a scam.
8. How can I stay away from this Nadcas.com scam?
Make sure you only use licensed, established crypto casinos that have long-running histories of operation. Explore any new casino thoroughly prior to registering. Be wary of huge cryptocurrency bonuses that require a deposit to take winnings. If something appears too promising for it to be real, then it probably is.
The Bottom Line
Websites like Nadcas.com demonstrate the need for caution when playing online, particularly when promotions or cryptos are involved. If a deal seems too promising to be real It’s probably. Make sure you research any gambling platform thoroughly before you make a decision instead of relying on assertions of affiliation with famous people such as Elon Musk.
It is a great way to gamble and has numerous benefits, but it also comes with risk if you use unregulated, anonym sites that operate from overseas and with no accountability. Choose licensed, reputable casinos with a proven of fairness and a record of paying winnings. Don’t be a skeptic about a casino which requires additional payments to get access to your current account balance or win.
When you follow the common sense rules You can take advantage of the benefits of gambling with crypto in a safe manner. However, you should be on the lookout for frauds such as Nadcas.com that are merely designed to swindle unsuspecting customers. Be wary of websites that promises something for free Do your research first Don’t let your greed overrule your good judgement.