Fcecoin Review – Is fcecoin.com a Scam Crypto Exchange?

Fcecoin Review – Is fcecoin.com a Scam Crypto Exchange?

Fcecoin Key Features

🔴 Fcecoin services are questionable – a warning sign!

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

🔴 Fcecoin is not transparent – a red flag!

🔴 Fcecoin creates unreasonable expectations – a red flag!

Fcecoin Products and Services

Fcecoin is some crypto creature claiming to be safe and overall the best place where you can invest in crypto, risk-free. Well, we have bad news for them – investing in crypto is never safe, it involves plenty of risks, especially when it comes to leveraged trading. We say so because the only comprehensible offer made by Fcecoin is about crypto trading with leverage of up to 3.3 times – an overly risky ratio that’s no longer allowed in Australia! The local regulator ASIC imposed a leverage cap of 1:2, which proves that Fcecoin can’t be an Australian legal exchange! So, those things out of the way, we confirm that the products and services provided by Fcecoin are contradictory and suspicious! Beware!

And before we continue, there is one more aspect to add to the story. Namely, as seen from the screenshot below, Fcecoin claims that there are some investment plans available, but we never saw any of these! Probably, upon registration, customers will be presented with some extra investment opportunities, but that doesn’t change anything! Fcecoin suffers transparency issues, so we should note yet another red flag! 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.

Fcecoin Company and Regulation

As mentioned, Fcecoin pretends to be a legit Australian crypto platform, but we have already refuted those claims. What’s more, the crypto creature is not associated with any registered companies, Australian or not, so the entire scheme seems to be totally illegal. Of course, it could be an offshore IBC, but that wouldn’t make any difference, even if it’s true. Therefore, we confirm that the trading and investment services offered by Fcecoin are unregulated and risky!

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.

 

Fcecoin Address and Contacts

Address:83 Denison St, Bondi Junction NSW 2022, Sydney Australia
Phone number:(+61) 81-6720346
E-mail:[email protected]; [email protected]

Fcecoin’s address is unverifiable – there are no signs that such an entity is present on the address. The location presented is most likely false, so a red flag gets triggered because of the misleading information and the actual lack of transparency. As for the phone number, it’s fake, making the red flag even more significant!

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.

Fcecoin.com Website Info

SimilarWeb RankingNone at the time of writing
IP88.99.231.246
Server Country Germany
WHOIS Reg. Date2022-02-17
RegistrarCSL Computer Service Langenbach GmbH d/b/a joker.com
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Fcecoin Safe?

Fcecoin is not safe! It’s an alleged crypto exchange providing suspicious information about its services, and it also suffers transparency issues. In such a case, we can confirm that your funds will be in danger if you deal with Fcecoin. You’d better 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.

2 Comments

  1. Thank you for this good article.
    I deposited about 8000 dollars to fcecoin.com last month. my friend had suggested it because of high investment profit which they would give after 3 month. but thanks God I saw your website. when I saw your article I almost had a heart attack! I logged in to my fcecoin.com account immediately and I withdrew all my tokens. It took about half an hour until I saw my tokens in my wallet then I felt calm! The website charged me about 0.03 ETH as the network fee for each withdrawal and I had three different tokens so I had to pay about 0.1 ETH to empty my account and withdraw my tokens into my wallet! why they charged me that much for the gas fee?!

  2. Hello I need help to withdrawal my money out of my fcecoin account.

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