All results

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Coscoin Review: A Real Crypto Deal or Just Hype?

COSCOIN Review

Are you on a journey to unravel Coscoin’s intriguing promises? If yes, our investigation aims to demystify this crypto clutter. We want to present the facts behind its automated trading claims and much more. Keep reading our Coscoin review to find out more!

General information
Name COSCOIN
Type of company Broker
Regulation status Unregulated Scam
Warnings from Financial Regulators DFI
Website link coscoins.com
Active since 2023
Registered in Washington, USA (allegedly)
Contact info [email protected]
Trading platforms Web Terminal
Majority of clients are from United Kingdom, Morocco, Hungary, Bangladesh, Brazil
Customer support Email
Compensation fund No

About Coscoin

Established in 2015 by a tech company based in Washington, the COSCOIN platform pitches itself as an AI-powered quantitative crypto trading platform. This indeed sounds quite promising! Still, hold your thoughts as there is much more to it.

We can see they offer users the ability to automate trades across major exchanges. Moreover, its proprietary algorithms brag about exceptional returns. The much-talked-about “One-Click Quantitative” module hints at effortless crypto growth. But the big question is can a simple click truly unlock substantial gains when it comes to crypto?

Tip: Are there any other similar scams? For instance, FxEx would earn the top rating for anonymity. This company is quite similar to the scam we are reviewing today! 

Who’s Behind Coscoin and How Secure Is It?

Coscoin’s origins and legal standing remain a puzzle. The lack of information about its founding team, regulatory status, and security audits raises eyebrows. You should know that critics persistently call for transparency on ownership, headquarters, and compliance. But the COSCOIN crypto scam remains tight-lipped.

The absence of third-party audits also adds to concerns. This may leave users depositing funds into algorithms controlled by faceless entities. And we must say that this is a risky move given the potential for misuse! Keep this in mind.

Claims of fraud are just circling around this company. The Washington State Department of Financial Institutions (DFI) has big complaints about this firm. Plus, the phone number they found doesn’t seem to be legit for the United States.

Tip: It’s important to stay away from shady brokers and go for the ones with top-tier regulations from the CySEC, FCA, and ASIC. These regulatory bodies guarantee brokers play by the rules and protect investors. Make sure you remember this! 

Can Users Withdraw Funds?

A burning question for potential investors here revolves around the withdrawal process. Now, what is there to know about it? Countless user complaints highlight withdrawal hiccups.

What’s more, fake confirmation emails and account restriction messages cause frustration. This is outrageous indeed! Despite users presenting evidence of failed withdrawals, their response is limited to blame-shifting.

So, it’s clear that the platform’s withdrawal restrictions ruin its legitimacy even more. Know that legitimate trading firms don’t obstruct users from accessing their earnings! Also, legit firms use safe payment processors like PayPal, Advcash, Paysend, Skrill, bank cards, crypto, etc. 

Victims Telegram Group

When things go south with the COSCOIN scam, the “Coscoin Victims Connect” Telegram group steps in. What is this after all? 

This group was created by people who faced big withdrawal issues and losses. Notably, it’s a place to share experiences, gather info, and figure out how to hold them accountable. If you’re dealing with any troubles, you can join in. It’s smart to explore legal routes and government actions to tackle any false claims and withdrawal problems.

Tip: You can also contact us if you have any issues of this kind. We aim to help you, and ultimately get a chargeback. Reach out to us! 

COSCOIN Reviews from Trustpilot

What about reviews from other clients? Trustpilot’s not impressed with the Coscoin app, giving it a lousy 1.7-star rating from 42 users. That’s a red flag again. After all the details we previously discussed, this is just a confirmation of how shady they are. 

Keep your investments safe and go for prop firms and brokers with 4.5 stars or more. It’s as simple as that.

Note: When it comes to COSCOIN Reddit discussions, there are many things to see there. A number of users are outraged by the scammy tactics used by this company!

Spotting and Avoiding Coscoin-Like Scams

To protect you from falling prey to scams, we prepared some straightforward tips. Let’s dig into them: 

  • Research First: Always make sure to investigate any crypto or trading platform before investing. Look for reviews, ratings, and complaints online. Moreover, verify platform details like address, number, email, and social media presence. It’s vital to ensure transparency with a clear business model, an experienced team, and a secure website.
  • Beware of Fake Promises: Stay away from platforms promising too-good-to-be-true returns or huge profits. This is just bogus! Be skeptical of claims like doubling your money rapidly. Also, check out online reviews, like our PrimeMarkets review, to learn about similar scams.
  • Watch for Lock-in Tactics: Be cautious about platforms demanding a minimum deposit or locking you in with withdrawal restrictions. Always test withdrawal processes before investing large sums of money. And avoid hidden fees like withdrawal or undisclosed transaction charges.
  • Deceptive Marketing: Be wary of platforms that prefer to use aggressive marketing tactics. Think of spam emails or pop-up ads. Avoid falling for false claims like exclusive bonuses or celebrity testimonials. Overall, don’t click on unknown links or share personal info without verification.
  • Be Responsible with Investments: Only invest what you can afford to lose. Diversify your portfolio across assets, platforms, and strategies. It’s crucial to avoid emotional or FOMO-driven investments. Keep track of transactions, use reputable wallets and exchanges like BingX, Binance, etc, and secure accounts with strong passwords. 

Earning Money Trading

Are you interested in making money through online trading? It’s a breeze! After all, unlocking earnings through online trading has truly never been more accessible!

Seek financial success with our expert guidance on top-notch trading platforms and brokers. Also, we have exciting news! You can dive into proprietary trading with us and seize the opportunity to earn up to $180,000. Let your investments flourish under our proven strategies!

Final Words

This broker has a suspicious background, a broken website, and many poor reviews from traders. This is just enough to label it as a big financial scam! 

When it comes to financial moves, always play it smart. After peeling back the layers of this broker scam, it’s clear that shady deals aren’t worth it. This company sadly has many of them.

Choose wisely! Keep in mind that our proprietary trading firm offers transparency and a shot at up to $180,000. Your money is your future. Keep it safe!

FAQ

What is COSCOIN?

This is a shady broker focused on cryptocurrency. It is labeled as a scam by many traders.

Is COSCOIN a Legit Crypto Trading Platform?

No. Everything about this company screams scam. Keep that in mind.

Can I Trust COSCOIN With My Money?

No. It’s best to avoid it and choose reputable companies instead.

Content navigation