If you’re researching Beldex coin complaints, you’re probably trying to separate genuine user experiences from promotional hype.
This comprehensive analysis examines real complaints, user reviews, government actions, and regulatory concerns surrounding Beldex cryptocurrency and the platforms that promote it.
Beldex Coin Review
Beldex Coin is a privacy-focused cryptocurrency, but the issues raised are typically not about the technology.
Instead, they refer to the deceptive investment tactics that are employed to entice people. Most of the time, these tactics take the cryptocurrency to be the means of a fraud that imitates Ponzi or Multi-Level Marketing (MLM) type structures.
Usually, promotion agents, who are local team members or coordinators of social media/WhatsApp groups, attract investors with the assurance of fixed and high returns.
Thus, a market-driven cryptocurrency is subject to fluctuations and cannot be trusted.
According to verified reviews on Beldex’s Trustpilot page, Beldex Exchange has mixed but generally positive technical reviews, though several critical complaints stand out.
Beldex Coin Complaints in India
The most serious complaints about Beldex Coin don’t come from unhappy traders; they come from government authorities investigating Ponzi-style operations.
This is why many investors have started questioning, is Beldex fake or real?, especially as reports from Tamil Nadu and the CryptoIndia community point to the Aarman Beldex model functioning much like a pyramid scheme.
According to multiple Reddit discussions, members were encouraged to recruit new participants rather than earn through any genuine staking mechanism, raising even more doubts about the platform’s legitimacy.
The RBI officially forwarded these complaints to the Economic Offences Wing for criminal investigation, marking the most serious institutional complaint against Beldex-related operations in India.
In simple terms, Beldex itself is just like any other cryptocurrency, but the platform, like Arman, is misusing the coin name to run a Ponzi scam.
Beldex Police Complaints and Arrests
On June 16, 2023, the Avadi Police Commissionerate announced major enforcement actions, stating:
- “FIR has been registered… against (Global Crypto Community Hub) GCC hub”
- “It is found to be a Ponzi scheme with… left & right leg structure”
These operators rebranded from GCCHUB to Aarman to escape investigation, demonstrating a pattern of evasion.
The scheme has reportedly defrauded investors of over ₹400 crores, representing thousands of individual complaints.
Beldex User Reviews
User reviews reveal a stark divide between those promoting Beldex through MLM platforms and independent cryptocurrency traders.
Let’s examine verified feedback from multiple review platforms.
1. MLM Deception & Lack of Disclosure
Users report being misled about Beldex’s multi-level marketing structure, discovering the MLM requirements only after purchasing coins.
User: SASASIKUMAR (GB) – December 8, 2022, Trustpilot
“Please do not get fooled. It is a multi-marketing cheating Business which no one tells you when you buy the coin.”
2. Severe Price Crashes & Financial Losses
Investors report catastrophic losses due to extreme price volatility, with coins losing 50-80% of their value.
User: SASASIKUMAR (GB) – December 8, 2022, Trustpilot
“Beldex coin price has gone down from Rs. 7 to Rs. 3 today. Don’t buy this coin and get cheated.”
- Impact: 57% price crash documented
User: Karna (India) – October 25, 2021, Trustpilot
“This is a full scam. I have to lose 40 Lakh Rupees BDX coin scam. Don’t use this app.“
- Impact: ₹40 lakhs lost (~$48,000 USD)
3. Fund Access & Withdrawal Problems
Users report being unable to recover their investments or experiencing a complete loss of funds.
Anonymous User – Reviews.io
“You cannot trust beldex.io, they are scam artist, you won’t get anything in return from them, you will only get robbed.”
Anonymous User – Reviews.io
“I just wanted to let you know about my horrible experience with this company. I got into a huge financial mess, and I still don’t know how it happened.”
4. Suspicious Review Patterns (Aarman Platform)
Questions raised about the authenticity of promotional reviews, with geographic concentration suggesting coordinated activity rather than genuine user feedback.
Anonymous User – Aarman Trustpilot
“I have recently joined the company. I have just gone through the review, and all the reviews are from Tamilnadu India only. Since this is an International brand and a Hong Kong-based company, why is there a single review not available from other countries?”
5. Lack of Regulatory Protection
Users express concerns about operating without proper regulatory oversight, leaving investors with no legal recourse.
Anonymous Source
“Beldex isn’t regulated by any major authority, making it tough to get your money back if they refuse or suspend your account without reason.”
How to File Cryptocurrency Complaints in India?
If you’ve experienced issues with Beldex or related platforms, proper complaint channels exist:
- RBI Complaints: File through the RBI Complaint Portal or email. You can also use the RBI toll-free number.
- File a Cyber Crime complaint: Visit the National Cybercrime Reporting Portal for 24/7 online complaint registration.
- Local police: File an FIR at your nearest police cybercrime cell with all documentation.
- Consumer protection: Contact Consumer Helpline 1915 for consumer fraud complaints.
- State Economic Offences Wing: For large-scale financial frauds exceeding ₹1 lakh.
Need Help?
If you’ve invested in Beldex through questionable platforms or experienced issues with the Beldex exchange, take immediate action.
Register with us now to receive expert support and step-by-step guidance on how to recover your funds and take legal action against fraudsters.
Conclusion
Beldex coin complaints reveal a troubling dichotomy between legitimate cryptocurrency concerns and systematic fraud operations exploiting Beldex’s name throughout India.
Remember the golden rule of crypto: If someone guarantees high returns with zero risk, it is a scam.
Protect your investments by sticking to regulated exchanges and legitimate platforms, and always be wary of MLM-style promotions.
