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.
Post Summary
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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.
The supported assets include USDT, BTC, ETH, TRX, SOL, ADA, DOT, AVAX, etc.
Now, let’s see how business is done in Delhi.Blue.
Keep reading!
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”
Note
- 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.
Interesting, right?
Let’s see why this platform is a scam in the next section.
Read on!
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!
My Thoughts
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.
Conclusion
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.
Thank you!
[Suggested Read: How To Spot Fake Crypto Exchanges And Wallets: A Simple Guide]
Please point of correction, Delhi don’t give trading signal and they keep to all their promise. The withdrawal saga was temporary stop because of merger and acquisition process.
The trading signal is given by Non Government Agency through one of their Analyst. The analyst warn that signal given should not be share to other institution or platform. But the members of the group disregard the warning and share the signal to other institution. This outsmarted us by pulling out all their capital before the selling time that is how RNT fall. So all members of the group lost their money. The other institution pump up RNT with huge capital and dump RNT before the approved selling time. All these activities are not know by Delhi
Point noted.
Can you send us proof of this?
Again, are there steps being taken by Delhi to reimburse members that lost their funds?
That lady u think is from hong kong is a man his name is Alan he was the one that introduced me too.
Delhi is a scam site oo they lock my account for no reason i had $580 there their telegram rep told me that i m making money and not helping people, the so called starfire group is blind yo see that they are scam. God will punish this people for taking advantage of Nigerians due to our bad situation.
Dear Chiamaka,
I read your reviews of Delhi Cryptocurrency Exchange and you couldn’t be more correct. I was defrauded too. I wished I had found your article earlier. However, I would like to share some additional information with you to further buttress your arguments.
1. AFFILIATES
Delhi is affiliated with another organisation called Spark Charity or Starfire Charity – even though Spark Charity denies this. The truth is, they are affiliated and subsidiaries of each other. In fact, the most logical explanation is that each one is a front for the other. The trading signal issued as “support” for Delhi users, comes from Spark Charity “analysts”.
2. TRADING SIGNALS
It may interest you to know that the trading signals on Delhi are pegged within a time frame bracket. There are signals that come between 6:00pm and 6:45pm; there are signals between 8:00pm and 9:30pm. This apparent varying schedules throws users off their scent. The question is, how is it that different assets ONLY appreciate within these time frames? Why aren’t there signals in the morning or afternoon, for instance?
3. TRADE PATTERN
Another point to note is the appreciation pattern of assets on Delhi live chart. From 30 – 70 seconds before or after the given time to commence trade, there is this sharp vertical surge in the price of the asset. And the appreciation sustains a fairly vertical rise – FOR ALL ASSETS (with some small plunges of course, to exact a convincing deception).
It is clear to the keen eye that the chart is just being manipulated with algorithms. The next point confirms this.
4. FICTITIOUS VALUES
In all, six (6) assets are being traded on Delhi Cryptocurrency Exchange. Spark Charity “analysts” provide the signals on what assets to trade, as I described aboved. Of these six assets only four (4) are globally traded assets that can be found on other exchanges. These are, Football Decentralized (FBD), YourMomsHouse (YMH), Eurocoin (EUC) and OneRoot Network (RNT) – which was recently manipulated to plunge and defraud people.
Here’s the interesting part… On Delhi, these assets are traded at different prices, from $5 – $6 for Eurocoin to $21 – $23 for YourMomsHouse (YMH).
In reality, non of these assets trades for up to $1… NONE! They all cost less than a dollar.
So, the prices of these assets are fictitious. The presumed appreciation in asset prices that users see when trading are false manipulated algorithms.
For verification;
Go on Google and type “Football Decentralised price”. Among the links that appear, look for links to *Binance, Coinbase, CoinGecko and CoinMarketCap*. On each of these exchanges, you will find the real price of that asset. All of them have similar prices (not up to one dollar). Only on Delhi does the price go for for $8 – $9.
Repeat the search for the other four assets and check the exchanges I mentioned. They all have similar prices for each of those assets. Only Delhi gives a different fictitious price.
5. DECEPTION
In order to throw knowledgeable traders off their scent, Delhi listed popular cryptos like *Bitcoin, Ethereum, Dogecoin, Solana, etc.*, and for these popular ones, they pegged their original prices… *But these are not traded on the Delhi platform eventhough some of them like Solana are relatively cheap and affordable by Delhi users.
Dear Chiamaka,
I read your reviews of Delhi Cryptocurrency Exchange and you couldn’t be more correct. I was defrauded too. I wished I had found your article earlier. However, I would like to share some additional information with you to further buttress your arguments.
1. AFFILIATES
Delhi is affiliated with another organisation called Spark Charity or Starfire Charity – even though Spark Charity denies this. The truth is, they are affiliated and subsidiaries of each other. In fact, the most logical explanation is that each one is a front for the other. The trading signal issued as “support” for Delhi users, comes from Spark Charity “analysts”.
2. TRADING SIGNALS
It may interest you to know that the trading signals on Delhi are pegged within a time frame bracket. There are signals that come between 6:00pm and 6:45pm; there are signals between 8:00pm and 9:30pm. This apparent varying schedules throws users off their scent. The question is, how is it that different assets ONLY appreciate within these time frames? Why aren’t there signals in the morning or afternoon, for instance?
3. TRADE PATTERN
Another point to note is the appreciation pattern of assets on Delhi live chart. From 30 – 70 seconds before or after the given time to commence trade, there is this sharp vertical surge in the price of the asset. And the appreciation sustains a fairly vertical rise – FOR ALL ASSETS (with some small plunges of course, to exact a convincing deception).
It is clear to the keen eye that the chart is just being manipulated with algorithms. The next point confirms this.
4. FICTITIOUS VALUES
In all, six (6) assets are being traded on Delhi Cryptocurrency Exchange. Spark Charity “analysts” provide the signals on what assets to trade, as I described aboved. Of these six assets only four (4) are globally traded assets that can be found on other exchanges. These are, Football Decentralized (FBD), YourMomsHouse (YMH), Eurocoin (EUC) and OneRoot Network (RNT) – which was recently manipulated to plunge and defraud people.
Here’s the interesting part… On Delhi, these assets are traded at different prices, from $5 – $6 for Eurocoin to $21 – $23 for YourMomsHouse (YMH).
In reality, non of these assets trades for up to $1… NONE! They all cost less than a dollar.
So, the prices of these assets are fictitious. The presumed appreciation in asset prices that users see when trading are false manipulated algorithms.
For verification;
Go on Google and type “Football Decentralised price”. Among the links that appear, look for links to *Binance, Coinbase, CoinGecko and CoinMarketCap*. On each of these exchanges, you will find the real price of that asset. All of them have similar prices (not up to one dollar). Only on Delhi does the price go for for $8 – $9.
Repeat the search for the other four assets and check the exchanges I mentioned. They all have similar prices for each of those assets. Only Delhi gives a different fictitious price.
5. DECEPTION
In order to throw knowledgeable traders off their scent, Delhi listed popular cryptos like *Bitcoin, Ethereum, Dogecoin, Solana, etc.*, and for these popular ones, they pegged their original prices… *But these are not traded on the Delhi platform eventhough some of them like Solana are relatively cheap and affordable by Delhi users.
Please do diligently share this so that people can be adequately informed.
If possible, you may alert the Central Bank of Nigeria and the EFCC to begin investigating that bank account (FYI, they’ve changed it four more times).
We were already scammed by Delhi. They blocked withdrawal for the last three weeks. Within the period we were given a trading signals, we bought RNT at the rate of more than 14usdt per unit. Within 15minutes it drops to less than 1usdt per unit. We lost all our money.
Let this people go back to delhi.blue
Pls @chiamaka pls you should’ve collected this guys argue their number, since October 28, are they able to withdraw or not. Delhi is a professional scam exchange run by mixed Chinese and Nigeria man, i will pleased you to help us trace the account number on their website i have like three diff that they’ve used. They stole our money, becuz how on earth a coin will crash from 15 dollar to 0.01 within a seconds during trading and they denying still telling us to restrategize .
Hello Oluwatimileyin, sorry for your loss.
We are not affiliated with Delhi.Blue in any way so there cannot be an exchange of contact.
What we did was simply send out a review of the platform to alert you not to fall prey.
There is scandal in Delhi trading platform as Delhi has scammed her platform users millions of their trading capitals within seconds of trading. Really Delhi blue is a scam project
On Friday 9th of December 2022 Delhi sent trading signals called RNT of which they used it to WIPE I mean ERASE all the money every one has…
Coming up with uprinted excuses the the signal is not from them
To cut the story short ask every Delhi members about last Friday trading 😑😑😭
Delhi is scam
They have cheated people of their funds
Imagine locking withdrawal for almost a month abah
Giving us wrong signals and claiming it is not their fault
Any help that can be done please
Everyone is crying 😭😭😭😭😭 now. they have finally succeeded with the scamming plan.
MY DELHI ACCOUNT HAS BEEN BLOCKED FROM 24 OF NOVEMBER, TILL NOW I CAN’T LOGIN TO MY ACCOUNT
my account has been blocked, from on the 24 of November. i can gain access to my Delhi account
Delhi. Blue is lagit and good platform I’m trading with them 5 months ago and I’m withdrawing money to naira since I started, working fine thanks you delhi.blue god bless them
Hello Mannir,
Can you share the proof of withdrawal with us, please?
Thank you.
You think? Just on Thursday 24th, Delhi blocked over 400 Nigerians accounts. They have started. Na small small, You’d go and clear your account before they lock it.
It’s up to three months now and everything has been going on well. I even requested for their social media accounts and they were able to provide it,both IG and FB with over 70k followers on each,if I’m not mistaken. According to what I know about the platform,the name of the founder is well known. So, please endeavour to make proper and deep research about things you feel like making review on. What you posted was still your own viewpoint though,some people might have been misled due to this.
Hello there,
We appreciate you for reading through.
Kindly help us with the founder’s name as well as the social media handles.
We will want to check them out ourselves and make corrections where necessary.
Thank you.
Well,I can’t completely condemn what’s you’ve said so far. But ever since I’ve been trading on this platform. I’ve never been scammed neither had loss. My withdrawals were processed within the designated range of time. According to them,the withdrawal system is T+1 which will take up to 24 hrs before reaching your wallet. The write up is nice anyway. I love the way everything was broken down properly.
Hello, thank you for reading through.
Please, for how long have you been trading on Delhi Blue?
I deposited 5k. Till today, I didn’t get the crypto or a refund. The person that referred me claimed she is from Hong Kong. She later sent $10 yomy USDt Account. I made a withdrawal request, but till now, I’ve not received anything.
Thanks for your review.
While I have no means of proving whether they are genuine, I share in all the fears you expressed.
Do note however, that I have withdrawn severally to my naira and binance account successfully though it takes time and the rates are high. They also send trading signals which gives 1-3% margin on trading daily.
I don’t know how long this will be sustained though.
What about Sabrinacala ?
Hello Nya, we will check that out