Coinsgrap Review – Is coinsgrap.com a Cryptocurrency Scam?

Coinsgrap Review – Is coinsgrap.com a Cryptocurrency Scam?

Coinsgrap Key Features

🔴 Coinsgrap services are suspiciously looking – a warning sign!

🔴 Coinsgrap was reported as a scam by customers- a red flag!

🔴 Coinsgrap is not transparent – a red flag!

🔴 Coinsgrap creates unrealistic expectations – a red flag!

Coinsgrap Products and Services

Coinsgrap is some shady crypto creature that has nothing to say about the alleged products and services offered. There are suggestions that it’s a crypto trading platform, but the information shared is far from sufficient. However, they pay much more attention to the referral programme offered – up to 40% of the trading commission collected by referred friends. Well, when we put together the lack of information about the services and the referral programme, Coinsgrap looks like the typical financial pyramid! We don’t want to say that it is, but it seems to be, so beware of Coinsgrap!

Update: Note that we constantly encounter websites with similar if not identical appearances. We are quite confident that all of these are somewhat linked to one another, so you’d better be cautious with the ones on the list. Find out more by following the links provided!

LsxcoinBitkranCryptomainex
Trading2CryptoEnormcoinCoinsgrap
PumpcoinexLindocoinBitstelar
SusbitcBitclickopBintexdao

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.

Coinsgrap Company and Regulation

Coinsgrap shares no corporate information, too. The lack of transparency is striking as these people share absolutely nothing about the business. However, seen from another point of view, the entire website is just a page with nothing in it, so it seems to be just a simple fraudulent website. In any case, we could link Coinsgrap to no legal companies, let alone regulated ones, so the scheme is most likely totally illegal – a good reason alone to suspect it’s a scam! Beware!

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.

Coinsgrap Address and Contacts

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

Coinsgrap reveals no contact information, as well, so the lack of transparency gets frightening – nothing shared at all! At this point, we can say with a high degree of confidence that Coinsgrap is a scam, so make sure to avoid it, or you’ll risk losing money to fraud.

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.

Coinsgrap.com Website Info

Alexa Ranking5,391,598 at the time of writing
IP172.67.177.250
Server Country USA
WHOIS Reg. Date2021-11-15
RegistrarPDR Ltd. d/b/a PublicDomainRegistry.com
SSL certificateValid
OwnerName: Kikitos;
Organisation: Pipitos;
Street: Prospect mira Dom kefira 117393 Moscow Moskovskaya oblast;
Country: RU;
Telephone: +7.9256202835;
E-mail: [email protected]
AdministratorName: Kikitos;
Organisation: Pipitos;
Street: Prospect mira Dom kefira 117393 Moscow Moskovskaya oblast;
Country: RU;
Telephone: +7.9256202835;
E-mail: [email protected]

Is Coinsgrap Safe?

Coinsgrap is not safe! We showed that it’s most likely fraudulent, so make sure to avoid it! In particular, it’s an illegal scheme sharing not even a thing about itself, and on top of all that, it doesn’t even reveal its alleged services – that’s more than enough for you to stay away!

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. Thank you for your information. Yes, Coinsgrap is SCAM!!

  2. Beware everyone ! Coinsgrap always ask to deposit at least BTC0.005 to withdraw the money out of the wallet but you will never withdraw any money out of the wallet . Too good to be true ! Beware!

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