My 'broker' is asking for a 'withdrawal processing fee' to release my crypto profits. Is this legit?
Hi everyone, I'm feeling really stressed out and honestly, a bit foolish. About 3 months ago, I got into crypto trading after seeing some ads online and someone on Instagram messaged me. They introduced me to a platform that looked pretty professional, claiming to be an unregulated broker for CFDs and crypto. I put in about €2,000 initially, and then a bit more, maybe another €1,500 over a few weeks.
I actually saw my 'account balance' grow pretty quickly. It said I had about €11,000 at one point! I got excited and decided to withdraw some. When I tried, my account manager, 'Michael', told me I needed to pay a 'withdrawal processing fee' of 10% of my profits, because of 'blockchain network costs and international transfer regulations'. It's been like a week and I haven't paid it yet. I'm starting to worry this isn't right. Has anyone else encountered this? Is this a normal thing when withdrawing crypto profits?
asked by Julia van Dijk· 4d ago
