Incoinbit Review – Is an Impersonator Scam?

Incoinbit Review – Is an Impersonator Scam?

Beware! Incoinbit is an offshore broker! Your investment may be at risk.


Incoinbit Key Features

🔴 Incoinbit services are questionable – a warning sign!

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

🔴 Incoinbit is not transparent – a red flag!

🔴 Incoinbit creates unrealistic expectations – a red flag!

Incoinbit Products and Services

Incoinbit is yet another website we have already seen before. The only differences between Incoinbit and the ones seen below are the logos, the domain names and other insignificant details. And as you probably guess, we believe that all crypto exchanges seen in the table are a part of a larger scam scheme. Beware!

Regardless, there are other factors you should also take into account. Namely, upon quick research conducted by yourself, you'll realise that Incoinbit is highly unpopular and anonymous – treacherous signs nonetheless. Such crypto exchanges are dangerous and usually fraudulent. Dealing with them means that you risk losing money because, as it usually happens, you'll buy some crypto, but you won't be able to do anything with the money later – withdrawals or transactions to other wallets may be impossible. 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.

Incoinbit Company and Regulation

And now, we'll share some solid evidence of a scam. Namely, Incoinbit's privacy policy is literally identical to the document provided by the other exchanges already mentioned. The only difference is that a single word has been changed – instead of or, you'll see the word And just like in the other cases, Incoinbit claims to be a brand of Mek Global Limited – a company that was previously (and probably currently) associated with the famous exchange KuCoin. The latter no longer mentions Mek Global in its legal documentation, but what's most important is that we cannot confirm that the company mentioned has anything to do with Incoinbit – it's most probably a clone firm. Whatever the case, though, we confirm that the crypto exchange service is 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.

Incoinbit Address and Contacts

Phone number:None

Incoinbit shares no contact information, and as you can see in the table, there isn't even an e-mail provided. The lack of transparency is noticeable, and that triggers a major red flag – it's always a warning sign if a company refuses to share information about itself!

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. Website Info

SimilarWeb RankingNone at the time of writing
Server Country USA
WHOIS Reg. Date2022-03-16
RegistrarRegistrar of domain names REG.RU LLC
SSL certificateValid
OwnerName: Evgenii Mamaev
Organisation: Private Person
Street: Ulitsa Gor'kogo, 56, Sochi, Krasnodar Krai, Russia, 354340 354003 Sochi Sochi
Country: RU
Telephone: +7.9052566632
E-mail: [email protected]
AdministratorName: Evgenii Mamaev
Organisation: Private Person
Street: Ulitsa Gor'kogo, 56, Sochi, Krasnodar Krai, Russia, 354340 354003 Sochi Sochi
Country: RU
Telephone: +7.9052566632
E-mail: [email protected]

Is Incoinbit Safe?

Incoinbit is not safe! It's an unregulated crypto exchange, and that's why we can't recommend it to anyone. What's critical in this particular case is that Incoinbit is identical to other crypto exchanges we already reviewed – a major red flag suggesting a scam, so it would be wise if you avoided it!

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.

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  1. I deposited nearly 700usd, support was kind and promised a lot after this when I deposited first time he apologies and said that the transaction is not recorded and I have to deposit another time. I did everything they asked and then when I tried to withdraw my funds they said “oh were so sorry we forgot that u have to deposit another 2k to withdraw. I realised that they scared me and I just lost my money and time

  2. Not a scam

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