Coin Profit (aka CP International Business LTD) is a relatively new brand. Only been around less than a week as of posting this review. And during this small length of time, these scammers have/are taking trader’s money and losing their investments with their schemes. The following review serves as as critical warning for all day-traders. Coin Profit is a harmful Scam you don’t want to mess with.
ICOs like Coin-Profit.biz are appearing all over the internet. Many of which are fraudulent programs promising traders larger returns, yet never pay. While investigating their suspicious website, we found several scamming factors indicating unsafe practices throughout Coin Profit.
In addition to the typical promises of large profit gains, its come to our attention Coin Profit also has features of a Ponzi scheme. In other words, they offer affiliated programs to gather as many victims before shutting down.
That’s why we’re here. To warn day-traders about its hidden dangers. Before joining, please read our review first. Learn the truth these scammers don’t want you knowing about their Coin Profit Scam. New evidence confirms a money-losing fraud.
Coin Profit Review – Questionable ICO Scam!
Lets elaborate exactly what we’re dealing with. Coin Profit is an ICO, meaning Initial Coin Offering. Basically what this means is you invest a certain amount of money with their program. In return, they ‘mine’ cryptocurrencies like Bitcoin, Ethereum, and various others for you.
Sounds very simple and straightforward, right? Unfortunately CP International Business LTD isn’t that easy….nor are they honest.
Coin Profit advertises some unbelievable profit returns, and equally unrealistic. Ranging between 4% – 8% every single day. Are they serious?! Its IMPOSSIBLE & Unethical to guarantee any fixed rate amount. Especially on a consistent basis! This is far beyond what most legitimate sites could ever offer. Not to mention these claims of consistent “daily” profits are highly unrealistic due to constant market changes.
Allow me to clarify such ‘guaranteed’ returns presented by Coin Profit (and many frauds like it) are known as ‘door busters’, used to catch your attention and fool you into believing you can earn a sizable income without any risks.
In these situations, I’d like you to ask yourself this simple questions: “if an ICO such as Coin Profit can really generate these improbable consistent daily payouts of 8% easily absent risk as they claim, you honesty believe such programs would be spreading throughout the internet for free?”.
Speculations are one thing, but its vital we dig deeper into this Coin Profit Scam. Let’s review the specifics of their illegitimate methods for manipulating beginners.
Coin Profit Company = Illegal / Unregulated
Because Coin Profit represents an ICO investment firm called CP International Business LTD, requiring members to invest “x” amounts of money for promised “y” returns. By law they must operate under the conditions of proper Licenses and Regulations.
These regulations are imperative, some mandated to comply with policies such as Know Your Customer (KYC) and Anti Money Laundering (AML). Of course any Scam like CP International Business LTD refuses these guidelines.
While trying to validate their operations, our team simply couldn’t verify any certificates confirming licenses in which they must lawfully hold.
Coin Profit Creators?
I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this dubious Coin Profit mining system. Coin-Profit.biz promises traders easy-profit solutions, but who are they?
If you step back for a moment, you’ll realize the entirety of this program contains no useful information. No Direct contact information except email. Nothing of which discloses any developers, founders or CEOs. They say CP International Business LTD consists of cryptocurrency experts and investors. But that’s it.
Why doesn’t Coin Profit disclose their identity so investors can feel comfortable knowing whom they’re dealing with?
Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to remain anonymous as these criminals profit from your losses. Not once throughout Coin Profit are visitors provided any valid information regarding its creators. Don’t you consider that strange??
Remember transparency is important when you’re about to “invest” your money. Traders should fee comfortable & safe in their decisions. Yet the level of mysteriousness surrounding Coin Profit simply beckons more suspicions rather than approval.
Fake Coin Profit Results
As we briefly mentioned before, Coin Profit makes some of the worst bold statements in regards to astronomical profits & returns. Imagine Coin Profit delivering 8% everyday on your initial investment? Or nearly 240% in one month?! Its impressive, but highly unlikely.
Don’t forget the value of bitcoin, ethereum & other Altcoins are constantly moving up and down due to constant market movements. These scammers ‘guarantee’ consistent returns of high amounts. However these promises are unrealistic because of never-ending market fluctuations.
The value of Cryptos can rise one day, drop dramatically the next. Just this past month alone, Bitcoin has lost and regained half its value instantly, and is now back on a bull rise. Therefore the promises of steady daily/weekly returns from Coin Profit are highly unlikely.
To this day we’re trying to find any happy members pleased with CP International Business LTD services. So far the number of people who joined Coin Profit are NOT satisfied.
Coin Profit Ponzi Scheme
There’s far more beyond phony claims and unlawful companies happening throughout Coin Profit Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then they get shut down, but run away with your funds.
Coin Profit also contains an affiliated program where traders can refer other people to join. In return, you will receive a percentage from other people’s deposits. Their system is set up with different entry levels and downlines, which basically shares similar characteristics of the hated Pyramid / Ponzi Scheme.
Ultimately, Coin Profit does NOT mine any bitcoins or other cryptocurrencies. No proof of mining capabilities are disclosed. Instead these scam-artists from CP International Business LTD make money & profit from your deposits & promoted services in the form of affiliations to gather more victims.
Still want to join Coin Profit?
The main reason we’re debunking this rotten ICO scam is because of trader feedback. Because Coin Profit isn’t regulated, they’re getting away with shady practices, including NOT paying some members.
Regardless of the fact this ‘CoinProfit’ related ICO is relatively new, this unlicensed hoax has reportedly been refusing to pay various members their obliged withdrawals. Many cases of these withdrawal payments being denied, pending statuses or ignoring requests entirely are becoming known more & more.
While many members of Coin Profit are being paid, there are many others who’re being denied for no reason. Other than deliberate theft so these scammers can profit from your investment.
Sadly, man traders have been victimized, informing us how this program doesn’t not provide quality services. The crooks behind Coin Profit Scam are literally stealing your money and filling their own pockets.
This reason alone is more than enough cause which motivated us to warn others about this damaging crypto software. Hopefully today’s Coin Profit Review will help prevent further losses from innocent investors.
Cardano Pays Review – Conclusion & Helpful Tips
Finalized Review Verdict: Due to the already growing complaints of disgruntled investors already losing their money with Coin Profits, and the fact this company isn’t legally licensed, its best to avoid this risky Scam.
(Easy for Beginners! Start making money from the comfort of your own home today!)
Finding a safe trading app can be exhausting for rookie. investors, especially if you don’t know where to look. At Prestige Binary Options, we have you covered! Stay informed with our daily updated scam list. And don’t forget about our section of best trading apps containing various choices of autotraders & educational resources.
We thank our readers for taking time in reading our indisputable & honest Coin Profit Review. Hope it helps others from falling for this shady scam. Please comment below by sharing any feedback, input and dealings you might have with this faulty ICO App.
Questions or General Inquiries? Email Paul – firstname.lastname@example.org
Stay Informed on scams and new opportunities by subscribing to Prestige Binary Options YouTube Channel, ‘Like’ us on Facebook, and follow us on Twitter & Google Plus! We do our best in providing Comprehensive reviews with unwavering facts and personal trader relations.