The website operated by Coinjab was designed primarily for mobile devices. Due to this, the design is simplistic, which helps the clients view and navigate the website with ease. The overall aesthetic is appealing, with just enough color and contrast not to strain your eyes during prolonged use… But the site domain is .ink, which is most commonly used by tattoo studios looking for a cheap website. Something is fishy here, all right.
See the remainder of our Coinjab Review to learn more about the dangers of dealing with unlicensed companies.
The Coinjab cryptocurrency exchange website does not have an About page. There is no information about where the company HQ might be, or how to contact any office or such. The company itself is anonymous, and besides the coinjab.ink website, there are almost no other pages even mentioning Coinjab.
The cryptocurrency market has become heavily regulated over the years. Many financial regulators now insist on various constraints from licensed entities. There are some pointers on coinjab.ink that the company does not meet the current regulatory standards.
To find out what’s going on with Coinjab and their website, we’ve inquired with some of the prominent regulatory agencies. The databases of NFA, BaFIN, FCA, ASIC, CONSOB, CNMV, FINMA and FSMA contain no entries named “Coinjab”, or their website domain. This is a clear indication that the company is operating their crypto exchange without a license.
They pester people over the phone, or online chat services and try to persuade them to invest with promises of quick profits. Of course, nobody can guarantee profits on the market, not in the least a random stranger on the internet.
We have also found out that Coinjab has some degree of interoperability with other scammers, of which we will speak later in our Coinjab Review. Trading with illicit companies like Coinjab is inherently risky. If you have invested with the Coinjab Scam, consult with our legal experts for help with asset recovery.
The crypto market has seen rapid expansion ever since the dawn of Bitcoin. Scammers know this, and try to capitalize on the global crypto craze.
Coinjab has been in operation since 2023, and they were quick to expand in these nations:
All the trading at coinjab.com is done through the website itself. As we mentioned before, the site was built primarily for mobile devices.
An additional risk involves the scammers’ ability to introduce their own changes into the market values. These are done in order to make the client speculations unprofitable, and easily drain deposits.
Coinjab tries to push the idea that they are a cryptocurrency exchange. Their trading instruments reflect this business model, but Coinjab also offers leveraged trading, and crypto binary options which have been banned in many parts of the world.
Here are a few examples:
We’ve mentioned that Coinjab works with another scam company, PetronPay Security. This scammer has recently launched their own crypto coin, named Petron Pay Security Token. Who do you think provided the platform for the launch? None other than Coinjab!
Coinjab offers a single trading account, which can be upgraded through additional deposits. These kinds of accounts are called tiered accounts and are a known scam bait – frauds like KaratBit use them extensively.
Larger accumulated deposits unlock leveraged trading:
A demo account is available at Coinjab, which is a welcome sight. This demo comes with a virtual balance of 1 000 000 USDT, which is more than sufficient to test trading strategies.
There is a common problem with unregulated companies and their demo accounts, however. Most of them don’t contain the actual market information, and make online trading seem simple and easy. It’s a trap set for the rookies, who would make a wrong conclusion that online speculation means easy money.
Coinjab offers leveraged trading of cryptocurrencies. Regulators in Europe have restricted crypto leverage to 1:2, and in North America crypto leverage must not exceed 1:5. With Coinjab, you get up to 1:100 leverage, which is a clear violation of regulatory standards.
Unfortunately, there is no information about other charges, like spreads or fees on coinjab.ink . With such informational opacity, the scammers can impose hidden fees. It is not uncommon for swindlers to lock client assets in order to extort them for more money.
Getting a Coinjab Withdrawal is, on paper, an easy task. You use your client dashboard to request a cryptocurrency transfer from the trading account and to your private wallet.
The reality is not so simple, unfortunately. A number of traders have contacted us, complaining that Coinjab has blocked their assets, and does not allow a withdrawal. If you have similar issues, book a free consultation with our legal professionals today.
Coinjab is a front company for a cryptocurrency exchange scam. It is a completely unlicensed and unregulated entity with no known corporate address or contact information.
The Coinjab Scam has been in cahoots with another fraud, PetronPay Security. Together, they have launched a scam cryptocurrency in order to pull the rug from under the investors.
We are aware that Coinjab blocks the clients assets and prevents withdrawals. In order to get your money back, contact our legal experts and book a free consultation via the live chat. With our help, you may start a chargeback process and recover your funds.
Coinjab is a fraudulent cryptocurrency exchange that offers unregulated business.
No, Coinjab is not a licensed company. They don’t have any authorization for the services they offer. If you have financial disputes with Coinjab, contact our experts for help.
Coinjab offers purchase, sales and exchange of different cryptocurrencies. They also offer leveraged trading and binary options trading of crypto coins, which are illegal in many parts of the world.
There is no information on the amount Coinjab charges for withdrawals. It is common with scam companies to block withdrawals from their clients. In order to recover funds from Coinjab Scam, book a free consultation with our recovery professionals.
The post Coinjab Review – Scammers Help Each Other Out With Financial Fraud appeared first on Global Fraud Protection.
