QUESTION OF TODAY

Who owns coin-bits.com?

To start trading, they require a deposit of 250$ minimum. Although you can deposit money with a credit card denominated in USD, EUR or GBP, your account will be in Tether. As soon as the account has been approved, users were able to access the trading platform. The platform seemed pretty simple and easy to use as it was web-based, that is, it does not require an app download (unlike the coinbitsapp owned by Erik Finnman).

Their plan was to gain their users trust through security, compliance, technology and customer support, but these became the opposite all of a sudden. As we speak, the platform is inaccessible and customer support unreachable. I’ve read a number of negative reviews and spoken with some actual users from different countries in the world. Most situations I hear can be absolutely heart wrenching; retirees who have lost their entire life savings to this company. Apart from the sadness of their cases, they naturally will become suspicious of everything else online. They also inevitably blame themselves for being gullible enough to have been ripped off by this company. It is very safe to say that many people have lost their bitcoins to this company. The truth is once your coins leave your wallet they are not possible to recover without the cooperation of the person who controls the private key(s) of the wallet(s) your coins have been sent to. You cannot reverse the chain. Last year, I came across an article on the newspaper about the only other way to get stolen/lost bitcoin back, which is to hire an expert in applied cryptography or a network security engineer skilled in blockchain-powered services. If you are yet to trade with this company, personally I will say “please be wary”.

My name is Suzanna, please feel free to drop me a line or a comment since sharing is caring…till next time✌🏻