TL;DR: the short answer
BCSC warned on 2021-07-27 about Cryptobase (cryptobase.team), which claims to be based in the UK and US and to offer crypto mining and trading investment plans, and is not registered to trade or advise in BC.
Scambaba rates Cryptobase critical risk with a risk score of 8.5/10, last verified 2026-10-24.
Key facts
| Risk score | 8.5 / 10 (Critical Risk) |
|---|---|
| Status | On BCSC Investment Caution List (not registered/recognized in BC) |
| Category | Crypto / Forex Scam |
| Primary scam vector | Unregistered crypto mining/trading investment plans |
| Reported domains |
|
| First listed | 2026-10-24 |
| Last verified | 2026-10-24 |
Red flags reported for Cryptobase
- Claims to be based in the United Kingdom and the United States, per the BCSC
- Offers investment plans for cryptocurrency mining and trading
- Website cryptobase.team uses a .team domain extension
- The BCSC says it is not registered to trade in, or advise on, securities or derivatives in BC
- Accepts British Columbia clients
Detailed threat analysis
What the BCSC says
The British Columbia Securities Commission (BCSC) added Cryptobase to its Investment Caution List on 2021-07-27. The notice says Cryptobase claims to be based in the United Kingdom and the United States, and to offer investment plans for cryptocurrency mining and trading. The BCSC is aware that it accepts British Columbia clients, and states that Cryptobase is not registered to trade in, or advise on, securities or derivatives in BC. The listed website is cryptobase.team. As in other entries, the BCSC urges BC residents to be cautious with firms not registered in the province and refers readers to InvestRight.
Mining and trading "plans"
The notice describes what the firm says it offers, not what it delivers. It makes no finding about payouts or losses. As general advice, "mining plans" are a product type worth extra scrutiny: a pitch that lets you buy a share of mining capacity from a distance is hard to verify, because you cannot inspect the equipment, the electricity costs or the wallet that receives the output.
Practical guidance
Ask where the mining is physically done, who owns the hardware, and how returns are calculated. A legitimate seller can answer in writing, with a corporate name you can look up. Treat fixed daily percentages as a warning sign. Claimed offices in two countries are not a substitute for registration in yours.
What to do if you dealt with Cryptobase
- 01Ask in writing who owns the mining hardware, where it is located and how returns are calculated.
- 02Be sceptical of fixed daily or weekly return percentages.
- 03Look up any claimed UK or US entity in the official company registers and the relevant securities registers.
- 04If you invested, contact your bank or exchange, then report to the BCSC and the Canadian Anti-Fraud Centre (1-888-495-8501).
- 05Save the plan descriptions and any contract or invoice you received.
Frequently asked questions
What does Cryptobase say it offers?
According to the BCSC's 2021-07-27 notice, Cryptobase claims to offer investment plans for cryptocurrency mining and trading.
Where does Cryptobase claim to be based?
The notice says it claims to be based in the United Kingdom and the United States. The BCSC does not confirm this.
Is Cryptobase registered in BC?
The BCSC states it is not registered to trade in, or advise on, securities or derivatives in BC.
Sources
- Cryptobase - Investment Caution List, BC Securities Commission, 2021-07-27
This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.