In this post, I reviewed Delhi.Blue, a very young exchange that is trending.
It offers different perks including a 200 USDT trading bonus upon registration.
This may be the reason why it has attracted many folks who claim to be profiting from Delhi.
However, there are still doubts as to whether the platform is legit or a scam.
After all, it does sound like the WITT.Blue scam. LOL
Without any further ado, let’s jump into the review.
Click on any item above to read its details immediately.
Enjoy your read!
What Is Delhi.Blue?
Delhi.Blue is a cryptocurrency exchange that launched in June 2022.
It has simple features like Buy Crypto and Spot Trading.
Also, it claims to provide users with the best prices for crypto assets and arbitrage opportunities.
Additionally, users are promised secure transactions and safe storage of funds.
Furthermore, it updates users on 24-hr price changes of the available crypto assets.
Now, let’s see how business is done in Delhi.Blue.
How Does Delhi.Blue Work?
It’s pretty simple;
i. Go to website – delhi.blue and click on “Startup”
ii. Then sign up by entering an email address and setting a password.
iii. Next, you enter the code sent to your email to verify it.
iv. You’ll be required to set a “withdrawal password”, after that you’ll enter the second code sent to your email to proceed.
Once you complete the steps above, you’ll be directed to the profile dashboard.
Then, you can go ahead and start trading.
Now, you can buy crypto with fiat or you transfer USDT from an external wallet.
How to buy crypto with fiat on Delhi Exchange
i. First, go to “Buy Crypto” from the homepage
ii. Next, you enter the amount you need.
iii. Then send funds to the account details provided.
iv. Upload the proof of payment and hit “Confirm”
- You can only deposit NGN and you can only receive USDT
- The minimum you can deposit is 50 USDT
- Once you sign up on Delhi, you’ll receive a trading bonus of 200 USDT for trial trading (you cannot withdraw it o 😄)
- When anyone signs up with your referral link, you’ll receive 100% commission on all their trades.
Let’s see why this platform is a scam in the next section.
Why Delhi.Blue Is A Scam
a. Let’s start with the obvious, there’s no founder. And where there is no founder, there is no one to hold accountable for the activities of the exchange.
Also, there is no way to know if he/she has the capacity to successfully run an exchange.
I didn’t even find as little as an “About” page on the platform’s website.
b. Earlier, I mentioned that Delhi.Blue appears to be a clone of WITT.Blue scam exchange.
Well, it’s no joke. I discovered that it is the same website design and the address witt.blue is no longer opening.
Looks like the scammers attended a re-branding class.
c. Delhi.Blue does not have any social community.
Usually, any new crypto platform would be eager to create awareness and build communities on different social media apps especially Twitter but not Delhi exchange.
Even their Telegram channels @DELHI_blue and @Delhiblue are merely optimized to dupe people. Too bad!
Look at some of the messages I found there:
This means that it will be difficult for users to get help when they need it.
No blog, no academy, nothing. Even the chatting bot on the homepage does not provide more than a welcome note.
Updates are only found on a measly announcement page that contains typos.
[Related Post: SCAM ALERT!!! COTP Trading Platform (COTPS) – Exposing The Scam]
d. Delhi.Blue is unauthorized even though it claims to be registered in the U.S.
On one of the Telegram channels, I found a pinned document that is supposed to prove that the exchange is registered with FINCEN but that is just an application, not an approval or authorization.
Have a look:
Again, it claimed to have 8 million registered users. How? In less than 6 months?
Or, are we blind to see it has only 31k subscribers? They may even be fake. Mtcheew!
Besides, when I searched for Delhi on the FINCEN website, no results were found.
e. Surprisingly, on Trustpilot, Delhi.Blue has lots of positive reviews but my guess is these individuals were paid to write them.
They did mention that withdrawal may take up to 48 hours before completion.
That is a red flag. And if indeed they are making withdrawals, it’s only a matter of time before it stops.
Moreover, SCAMADVISER reports the platform as a potential scam.
Now, look at one of the negative reviews I saw on Trustpilot:
The next two reviews by the same person confirm the point I made earlier about withdrawals:
Need I say more? A whole $250 has gone down the drain!
It may answer Delhi (a city in India) and claim to be registered in the US, as far as I am concerned, Delhi.Blue is a scam exchange run by Nigerians.
Otherwise, why is NGN the only supported fiat?
These scammers are looking to dupe unsuspecting individuals to grow their USDT wallets. 🤷♀️
That’s why you won’t find any information on trading fees. No trading is happening here.
Once you deposit a sum, forget about it, you have lost that fund.
Don’t let the $200 trial bonus deceive you, if you read through the homepage well, you’ll see that all the promises of security were copied.
Additionally, if you want to buy crypto with fiat, you’d have to pay money into an individual’s account. Who does that?
Even, the account name is the name of a popular Gospel minister in Nigeria, whether the scammers did that intentionally for sentimental reasons, I can’t tell.
Also, the exchange is promoted by Nigerians. I came across the one that promised his audience free trading signals and guaranteed profits. Scam o!
Don’t give scammers your money. You may read this article to see a list of reputable exchanges for Nigerians.
We’ve come to the end of this Delhi.Blue exchange review, I hope it was worth your time.
It does appear like the scammers moved from ASJ Forex to WITT Blue and now to Delhi. Be careful not to lose your funds.
And based on the information on Whois.com, Delhi.Blue will expire after one year. Therefore, I will not be shocked to find another cloned website soon.
Now, I’d love to hear from you;
Did you deposit funds in Delhi? Where you able to trade or make withdrawals?
Is there any other exchange you’d like us to review?
Please drop your answers in the comments section below.
Also, share this post with your friends. You might just save someone from making a loss.
[Suggested Read: How To Spot Fake Crypto Exchanges And Wallets: A Simple Guide]