The “0.31 BTC Xprobit ELON31 Promo code” promising 0.31 BTC is a scam, designed to deceive users into depositing funds they cannot withdraw. Xprobit.com, the associated website, shows multiple red flags, which we will analyze further.
0.31 BTC Xprobit ELON31 Promo Code Scam Overview
The Xprobit ELON31 Promo code is promoted as a way to receive 0.31 BTC (approximately $20,000 at current prices) for free by signing up on Xprobit.com and entering the code. The offer is accompanied by claims of endorsement by Elon Musk (nothing new), leveraging his public image to gain trust.
Research indicates this is totally a scam designed to trick users into depositing cryptocurrency, which they cannot withdraw. The platform, Xprobit.com, is fraudulent, exploiting the allure of free Bitcoin and the credibility of a well-known figure. But there is one small detail that can be a bit misleading to the inattentive user. Xprobit Media LLC is a legitimate digital marketing company based in the USA, completely unrelated to cryptocurrency trading. Frauds probably took the name so the basic fact-checking will lead users to a page of the legit company, leading them to believe everything’s mint.
How Does the 0.31 BTC Xprobit Scam Work?
This fraud follows a classic scheme similar to other similar scams. It all starts with a video on social networks (TikTok, Instagram) that shows instructions, which the user can follow to get the same bonus of 0.31 BTC. In this case, con actors direct users to Xprobit.com, where they are prompted to create an account and enter the ELON31 promo code. The latter can change on occasion, when the scammers see the need to refresh the image so less people will know the story is not real. Upon doing so, users see a fake balance of 0.31 BTC in their account dashboard.
Everything looks fine, until the user attempts to withdraw this money. To withdraw this amount, they are required to deposit a small amount of Bitcoin, typically around 0.04 BTC (approximately $340), to “activate” their account. After depositing, users find that withdrawals are impossible, as the platform either locks their accounts or becomes unresponsive. This tactic, known as a “bait-and-switch,” is common in cryptocurrency scams, where the promise of a large bonus lures victims into sending real funds to fraudsters’ wallets.
Red Flags to Watch Out For
The 0.31 BTC Xprobit scam is far from being unique; in fact, we observed at least 2 similar scams over the last month. This made it possible for our team to find similarities and draw the list of red flags characteristic to this fraudulent campaign.
- Fake Endorsements. The scammers claim that Elon Musk endorses the ELON31 promo code. Spoiler alert: he doesn’t. Although Elon Musk really likes to promote all sorts of dubious things, there is zero proof of this on his official X/Twitter account or anywhere else. Instead of Elon Musk, the personality of other well-known crypto enthusiasts and investors may be used, with a little difference to other details.
- Unrealistic Offers. “Get 0.31 BTC for free!” — sounds too good to be true, because it is. No legitimate crypto platform gives away thousands of dollars just for breathing. Legit giveaways usually have strict terms, verification steps, and are time-limited or a part of a verified campaign. The platform that gives away money like that will either go bankrupt, or is up to something fishy.
- Deposit Requirements. The site tells you, although not immediately, to deposit funds to activate your withdrawal. The short of the message they show looks like: “Please just give us money”. Requiring a deposit to unlock a “gift” is a trick old enough it should probably be in the textbooks about scams and frauds. They probably hope the victim will think it is just like on gambling sites, but it’s a different case, and a totally different intent.
- Domain Age. This is a less obvious but still red flag to look for when choosing a platform to trust your money with. The domain Xprobit.com was registered just recently. Scammers abuse young domains all the time – build, scam, cash out, vanish, rinse and repeat. Old, established platforms tend to have a long domain history and digital footprint – take your time to check everything, especially with such lucrative offers.
User feedback and investigative reports overwhelmingly label 0.31 BTC Xprobit Promo Code campaign as a scam. After conducting a withdrawal test they all conclude that the platform is “100% fake”, designed to steal money. Some users report losing as much as $184,000. Discussions on platforms like Reddit also warn against the platform, with users sharing experiences of being unable to access their funds.
How To Avoid This Scam?
To avoid falling for the 0.31 BTC Xprobit ELON31 promo code scam or similar schemes, it’s important to stay cautious. First, never take celebrity endorsements at face value. If someone claims Elon Musk supports a crypto promo, go check his official X/Twitter account or other verified sources. If there’s no trace of it, the claims are fake, and the entire website is probably, too. However, even if the celebrity really promotes something from their account, you should check it several times – it happened in the past that the pages got hacked, and used to promote scams.
Next, always research any crypto platform before using it. Legitimate services are usually well-known, have a public history, and are listed or mentioned by trusted regulators or crypto communities. You should also be extremely skeptical of offers promising free crypto, especially in large amounts like 0.31 BTC.
Another thing to watch for is the domain age and reputation of the site. Our Website Reputation Checker can help you reveal when a domain was registered and whether it’s considered trustworthy. If you’ve come across a scam or, unfortunately, been a victim, report it to authorities like the FTC or IC3, and consider sharing your experience on Reddit or similar platforms to warn others.
