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Topic: Mycelium Wallet Promoting Scam Bookies 1xbit.com - page 4. (Read 1144 times)

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Settings > External services > 1xbit.com turn off
Also: Settings > Notifications > Media Flow > Disable.

they are even considered as top sites to most crypto betting reviews sites
I guess they earn from referrals or direct payments.
legendary
Activity: 2940
Merit: 1083
1xbit is only tagged as a scam here in the forum. Outside, 1xbit is heavily promoted and they are even considered as top sites to most crypto betting reviews sites making it a legit site for those users that don't browse in this forum.

What we can do now is to spread awareness. I do hope that those who use Mycelium will only use the wallet "as a wallet".

Settings > External services > 1xbit.com turn off

Yes, it works. The 1xbit banner at the header is now removed.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
Unfortunately they don't use social media (according to https://wallet.mycelium.com/#support), so there's no way to ask about it and get answer publicly.
Yeah  I just noticed that too but I've figured out a way to disabled some of their media flow adverts

Settings > External services > 1xbit.com turn off

legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
...snip...
They dedicated a tap ( cryptobetting) on their wallet to 1xbit.com and they also have a promotional code that gives 125% on first deposit to new users who register using the code "Mycelium", they are not only paid to advertise but it seems like they are in partnership with 1xbit.com. money is powerful if you ask me. I don't know what options this belong to but Mycelium are fully aware of the advertisement and reporting to them would lead to nowhere.

Check the upper part of the image.

If there's promo code which refer to mycelium, then only 2nd/3rd option possible. But since Mycelium have decent reputation, it's possible they didn't do proper research. Unfortunately they don't use social media (according to https://wallet.mycelium.com/#support), so there's no way to ask about it and get answer publicly.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
...snip...
They dedicated a tap ( cryptobetting) on their wallet to 1xbit.com and they also have a promotional code that gives 125% on first deposit to new users who register using the code "Mycelium", they are not only paid to advertise but it seems like they are in partnership with 1xbit.com. money is powerful if you ask me. I don't know what options this belong to but Mycelium are fully aware of the advertisement and reporting to them would lead to nowhere.

Check the upper part of the image.

It doesn't show in my wallet yet, but this is bad Sad
Check on media flow or click the cryptobetting tap
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
It doesn't show in my wallet yet, but this is bad Sad

I can understand that it can sometimes be a challenge to determine if a service is a scam or not
I've also seen wallets that promote an exchanger service that has several scam accusations against them.

Since mycelium is open-source and noncustodial, at least I know my fund is secure.
If they decide to scam their users, just one (automated) update is enough to give them access to your funds. The 6-digit PIN isn't going to save you from that.
If they don't mind their users getting scammed, as long as they earn from it, what's to stop them from selling the wallet to a scammer (just like a certain paper wallet site did)?
sr. member
Activity: 2030
Merit: 356
This is not a thread but rather a question because I'm kind of mystified about why a reputable wallet as Mycelium would promote a well-known crypto scam bookmakers 1xbit.com on every page of their official wallet. They even have a promotional code for the first deposit bonus. The fact that they accept a partnership with 1xbit.com is a big turn off for me I'm moving my coins except I see a good reason why I should not.


I don't like the shady services by 1xbit.com but there is nothing wrong with Mycelium wallet. 1xbit.com may have given good money to them for promotion and they have accepted it.
Before you leave the Mycelium Wallet services, i have one question. We see scam sites being published in google ads too, so have we quitted google and youtube  too?
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
..snip..
I understood your point very well that they operates a non-custodial service and all funds are secured but what would happen if those who joined thru mycelium found out that the wallet thy trusted so much with is playing a role in a scam project? Do you think that anyone would want to save their funds in the hands of scammers? I'll leave a negative report
legendary
Activity: 2380
Merit: 5213
Secured wallets or not what they are doing is below expectation, do you have any idea how many holders/customers they must have led to 1xbit thru their Media?
You are right. Many people will probably see the advertisement and will put their money on 1xbit. They will consider 1xbit as a trusted gambling website only because they (wrongly) believe that a service promoted by a reputable wallet like mycelium is trustworthy.
It's clear why Mycelium is promoting 1xbit. They only think about money.

If a custodial wallet or an exchange promotes a scam, I would immediately stop using it. Since mycelium is open-source and noncustodial, at least I know my fund is secure. This is what I was saying in my previous post.

Of course, I agree with you.
You should no longer use mycelium if security of your fund isn't your only concern. By using mycelium, you help them have more users and earn more money from such advertisements.
legendary
Activity: 1526
Merit: 1359
I've lost my respect for Mycelium, they chose money over a good reputation who know what they would do next. The fact that they have a promotional code drives me insane.

This is very unfortunate for Mycelium. I can understand that it can sometimes be a challenge to determine if a service is a scam or not, but I am surprised by their decision to promote 1xbit, especially considering the negative reputation that this casino has here and all over the Internet. While it is obvious that 1xbit has a lot of resources available for marketing, putting money first isn't always the best choice.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
You may not like a wallet advertising a particular service and I understand this. But, that doesn't mean the wallet is not secure.
Mycelium wallet is open-source and also gives you full control over your fund. There's nothing in the code they hide from users.
Secured wallets or not what they are doing is below expectation, do you have any idea how many holders/customers they must have led to 1xbit thru their Media? When a reputable source advertise a certain product the market and the amount of users becomes high, what do you think would happen if Elon Musk was to advertise 1xbit or tweet about them? Millions of people would get scammed.

I understand the need for money, but this is way below the belt for Mycelium. Of all businesses and services, they had to go for a proven scam such as 1xbit?
I've lost my respect for Mycelium, they chose money over a good reputation who know what they would do next. The fact that they have a promotional code drives me insane.
copper member
Activity: 2170
Merit: 1827
Top Crypto Casino
I understand the need for money, but this is way below the belt for Mycelium. Of all businesses and services, they had to go for a proven scam such as 1xbit?

I don't see anything about 1xbit in media follow like in your case, but I do see a cryptobetting tab dedicated to 1xbit in my app  Sad




legendary
Activity: 2380
Merit: 5213
You may not like a wallet advertising a particular service and I understand this. But, that doesn't mean the wallet is not secure.
Mycelium wallet is open-source and also gives you full control over your fund. There's nothing in the code they hide from users.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
This is not a thread but rather a question because I'm kind of mystified about why a reputable wallet as Mycelium would promote a well-known crypto scam bookmakers 1xbit.com on every page of their official wallet. They even have a promotional code for the first deposit bonus. The fact that they accept a partnership with 1xbit.com is a big turn off for me I'm moving my coins except I see a good reason why I should not.
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