Coinftx Review – Is coinftx.io a Crypto Scam?

Coinftx Review – Is coinftx.io a Crypto Scam?

Coinftx Key Features

🔴 Coinftx services are questionable – a warning sign!

🔴 Coinftx was reported as a scam – a red flag!

🔴 Coinftx is not transparent – a red flag!

🔴 Coinftx creates unreasonable expectations – a red flag!

Coinftx Products and Services

Coinftx is a crypto exchange, but a fishy one! We claim so for several reasons. First of all, they claim to have been present on the markets for 4 years already, but the website appeared just a month ago. Then, they claim to be a company founded in Singapore that’s governed by the laws of Malta and, at the same time, licensed in Vanuatu. We found no evidence proving those claims, so all Coinftx says is a lie! And those things out of the way, we believe that the crypto service advertised is just a smoke screen for a scam scheme! Beware!

Cryptos went to become extremely popular, and they come with tremendous profit potential, but the assets are pretty complex and a bit enigmatic for the vast majority of people. Bitcoin is still surging, and the entire crypto market is growing exponentially, but all investments carry significant risks, such as high unpredictable volatility and absence of regulation, for example. And we’d also like to emphasize the fraud risk- crypto scams are virtually everywhere. In fact, the latest trend among scammers is to create fraudulent websites offering fictitious crypto investments and mining services aimed to entice unsuspicious investors into scam settings. The fraudulent offers usually stick to the rule “sounds too good to be true”, the entity offering the services is totally anonymous, and there is no regulation whatsoever. So, based on the products and services offered alone, we can affirm that the entity under review is dangerous. You’d better avoid it.

That said, it’s worth considering trendy cryptocurrency alternatives that have already proven to be reliable. For example, many cryptocurrency exchanges like Coinbase and Bitstamp already provide passive income opportunities like BTC and ETH staking, other earning opportunities, affiliate programs, so on and so forth. Both mentioned are law-abiding financial firms that operate transparently, so you won’t be exposed to fraud risks if you trust them.

Coinftx Company and Regulation

Coinftx is allegedly incorporated in Singapore, but we found no proof of it. Indeed, we could link the so-called crypto exchange with no registered company, so the entire scheme appears to be totally illegal. It may as well be a brand of a shady international company that’s impossible to unearth, but if that’s the case, nothing will change at all – the service is unregulated, and it poses a risk for your crypto. Still, before we continue, we should mention that many crypto exchanges are currently unregulated, but they do the necessary to prove their trustworthiness and credibility. Well, Coinftx is not one of those – it’s fishy and most likely a pure scam!

So, the crypto service under review isn’t a typical firm, and as such, it’s not regulated. The absence of regulation implies that your investments will be at risk if you deposit. Moreover, you won’t have access to complaint procedures or money protection schemes, so if things go wrong, you’ll be the one to suffer the complete loss. Even more so, the digital coin transactions are anonymous, so if you get scammed by a shady crypto provider, you can’t get your money back.

Indeed, cryptocurrency regulation has been a hot topic for a long time. The digital coins themselves are not issued or governed by central banks, but too many countries already have plans to introduce centralized cryptocurrencies. Still, Bitcoin is a peer-to-peer payment system that’s considered too risky for many. However, many crypto firms are now operating with financial licenses; they are transparent, and their clients can benefit from certain customer protection measures if things go wrong. And that doesn’t apply to the entity under review, which is an anonymous and most probably totally illegal enterprise that can switch off its servers, pocket clients’ money and get away with the crime.

Coinftx Address and Contacts

Address:None
Phone number:None
E-mail:None

Coinftx doesn’t care to provide contact information, and it’s basically impossible to reach these people. Once you register, you may find communication channels, but the approach doesn’t suggest fair customer treatment! The lack of transparency is noticeable, and it triggers a major red flag – shadiness always indicates a scam!

Considering investment opportunities, transparency is always crucial. As for cryptos, you already know that Bitcoin is a peer-to-peer payment system, which is designed to protect the privacy and to provide security. However, that doesn’t mean that the crypto providers should also be anonymous. After all, these people will handle your money, so you should at least know who they are and where they operate from. In fact, we need to note that some trustworthy exchanges don’t reveal such information on their websites, but it’s still easy to verify that businesses are legal, law-abiding companies; therefore, it’s always a worrying sign if the crypto provider isn’t transparent.

Coinftx.com Website Info

SimilarWeb Ranking2,245,977 at the time of writing
IP172.67.199.66
Server Country USA
WHOIS Reg. Date2022-05-07
RegistrarDynadot, LLC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Coinftx Safe?

Coinftx is not safe! It’s a highly unpopular and shady crypto exchange that should be avoided. If interested in crypto, you’d better go for regulated exchanges or ones that have already earned customers’ trust. Wrapping things up, we confirm that your crypto will be in danger if you deposit with Coinftx!

Scam Warning

Scammers are always riding the trends, so it’s not at the least surprising that cryptocurrency fraud is now blooming. Even more so, the high-tech nature of Bitcoin actually facilitates scams as most people don’t really know how crypto works, so scammers take advantage of the lack of understanding. Indeed, the crypto scam has been here for a while, and it proved to be extremely dangerous- just recall OneCoin, which happened to be a multi-billion Ponzi scheme disguised as a revolutionary digital currency. However, scammers rarely go out of their comfort zone, so most crypto scams happen to be very similar to the typical investment fraud.

The fraudulent crypto schemes are also anonymous and illegal, while scammers introduce themselves with fake identities. There are also too many impersonators resembling the websites of valid start-up companies from where customers get redirected to other insecure fishy payment portals that may as well carry additional security risks. The cons yet again promise the moon and the stars to their victims but won’t deliver a thing in the end. However, the difference between crypto and the rest of the investment scams is that people are more likely to believe that they can become rich overnight as Bitcoin has already proved to have massive profit potential. In any case, you should be very cautious when it comes to crypto, as the markets are plagued by scammers ready to take advantage of you.

3 Comments

  1. Once I decided to withdraw they wanted a fee it wasn’t much but have never heard from them again . I have a balance in my account but can’t withdraw.

  2. I have also lost my fund in this coinftx.io exchange i have deposite but cannit withdrwl my money 72hours ago but still my withdraw was pending i m very upset please help me to recover my loss

  3. I also put money in. Tried the trade plan a few times then wanted to stop and cash out. It keeps giving error message and won’t let me cash out. Please help if you can. Thanks

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