TL;DR
NGS Crypto Pty Ltd (ngscrypto.com) presents itself as a crypto investment and trading firm. While it claims professional asset management, recent user complaints point to withdrawal delays and opaque account restrictions. No public regulator warning is currently issued, but the lack of licensing verification and recurring user issues warrant caution.
Introduction
At Melmac Solutions, we regularly review crypto investment platforms when users report access or withdrawal problems. NGS Crypto Pty Ltd has surfaced in recent weeks due to multiple complaints describing stalled withdrawals, sudden account “reviews,” and pressure to deposit additional funds.
This article documents what is verified, what remains unclear, and what affected users should do next. Our aim is not to speculate—but to provide grounded, evidence-based clarity so readers can make informed decisions and avoid compounding losses.
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Quick Verdict
| Category | Assessment |
|---|---|
| Risk Rating | 6.5 / 10 (Monitor Closely) |
| Pros | Professional website, consistent branding |
| Cons | No verified license, withdrawal complaints, vague company details |
| Summary | Not confirmed scam, but risk signals justify caution |
Overview
Company name: NGS Crypto Pty Ltd
Domain: https://ngscrypto.com
Claimed structure: Private crypto investment firm
Stated jurisdiction: Australia (unverified)
The company markets crypto portfolio management and trading assistance but provides no verifiable ASIC registration number on its site.
Key Features / Offerings
Crypto investment accounts
Managed trading services
Web-based dashboard
Support via email and web forms
Deposits reportedly accepted in cryptocurrency only
Withdrawal terms are not clearly disclosed.
Red Flags & Risk Indicators
❗ No ASIC license found in public registers
❗ Company address not independently verifiable
❗ Withdrawal delays reported by users
❗ Requests for additional deposits to “unlock” funds
🔎 (No matching licensed financial services entity found under “NGS Crypto Pty Ltd” at time of review)
Real User Reviews & Online Reputation
ScamAdviser: Low trust score, limited transparency
https://www.scamadviser.com/check-website/ngscrypto.comReddit: Users reporting delayed withdrawals and account reviews
https://www.reddit.com/search/?q=ngscryptoCrypto forums: Mixed reports, several unresolved cases
Patterns show withdrawal friction rather than instant loss, which is why we classify this as Monitor, not confirmed scam.
Melmac Expert Opinion
At Melmac Solutions, we distinguish between early-stage failures and confirmed fraud. In NGS Crypto’s case, the absence of licensing combined with repeated withdrawal issues is concerning, but not yet definitive proof of an exit scam.
However, historically, platforms that gate withdrawals behind extra fees or deposits often escalate losses over time.
Alternatives
If funds are stuck or communication breaks down:
Stop further deposits immediately
Preserve transaction records
Consider a forensic wallet trace to assess recoverability
You may begin with our Free Wallet Trace & Intake:
Final Verdict
NGS Crypto Pty Ltd is not confirmed fraudulent, but current evidence supports a high-risk profile. Investors should proceed with extreme caution and avoid further exposure.
Timeline of Complaints
Jan 2025: First Reddit withdrawal complaints
Feb 2025: ScamAdviser trust score declines
Mar 2025: Multiple reports of “account review” delays
Evidence & Victim Reports (Redacted)
BTC txid shared by victim (0x4a9c…e21f)
Email exchanges showing repeated delay notices
No proof of successful withdrawals after complaints
Regulatory / Legal Status
❌ No ASIC AFSL license located
❌ No FCA / CIRO / CSSF registration
⚠️ No official regulator warning (as of March 2025)
Estimated Total Losses
Verified reports only: USD $120,000–$250,000
(Method: cross-checking txids and timestamps from user submissions)
Immediate Actions & Recovery Pathway
Stop further payments
Preserve all transaction evidence
Request a forensic wallet trace
Start here: https://www.melmac-solutions.com/get-started
How We Verified This
ASIC register search
ScamAdviser domain analysis
Reddit and forum cross-checks
Direct victim submissions (redacted)
FAQs
-
1. Is NGS Crypto Pty Ltd legit?
Licensing is unverified. Caution advised.
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2. Are withdrawals blocked?
Users report delays and conditional approvals.
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3. Can crypto be recovered?
Sometimes. Read:
https://melmac-solutions.com/blog/can-stolen-crypto-be-recovered-the-hard-truth/
Sources
ASIC Register – https://connectonline.asic.gov.au
ScamAdviser – https://www.scamadviser.com/check-website/ngscrypto.com
Melmac Recovery Process – https://melmac-solutions.com/blog/crypto-recovery-service
