Coinwix company claims to be registered in 2022 in Singapore. That’s not something that raises credibility. Nevertheless, the company presents itself without any significant benefits.
There are a few factors that should keep you away from this company. You can find them all in this detaild Coinwix review.
In the first place, Coinwix.com should be registered with (Singapore). This country, like many others, is heavily looking into crypto investing regulations.
On top of that, the Coinxwix scam is confirmed by checking other Tier 1 regulatory databases, primarily FCA, BaFin and ASIC.
Therefore, we advise you to get your money out as quickly as possible. If there are any issues you can contact our experts for advice.
One of the main ways to gain more clients is the Coinwix affiliate program. This way, they get new clients with minimum effort. The only goal they have is to present good results to existing traders. However, with the fake trading platform, it’s very easy to achieve that.
Not to mention the non-existing regulations. So, if you were caught by scams like these, leave a comment below. Ultimately, our team can help you with the refund.
Generally, the company admits they are newbies to the business. With their registration in 2022, they couldn’t learn much about the business. Especially not the security. Therefore, you can see many scammed traders coming from:
If you are coming from any of those, let us know. If you want detailed guidance for the refund, leave us a message.
The company offers poorly designed web-based software. These often present low-trust score companies. In the first place, because of manipulation problems.
Like any other scam crypto exchange, Coinwix offers mainly crypto. Unfortunately, many traders are caught with the Coinwix Referral program. By the way, the program is completely fictive like everything about this company. Anyway, you should be able to invest in:
One of the downsides of this company is missing a demo account. Considering Coinwix BTC trading is one of the main features, you should provide your customers with conditions. Yet, they don’t reveal anything about it.
Coinwix background check reveals their honest intentions about the trading. Even though, the trading fees are quite low at 0.1% withdrawal fees are the trouble. Coinwix fees are generally higher. Especially if you compare it to some trusted exchanges.
The only way to determine if is Coinwix legit is through the withdrawal procedures. The only available method is through the crypto wallet. Same as the funding method. Since these transactions are irreversible, you can’t file a chargeback. So, it’s only up to the broker’s generosity if they will allow a withdrawal.
Very often, scam brokers allow you a small withdrawal. But only if they see the potential that you will deposit more money.
Primarily, the company is not authorized to provide digital asset services. Consequently, they don’t have trusted software or transparent legal documents. Not to mention the withdrawal policy. All this combined leads to a conclusion that your funds are at risk here.
Therefore, to avoid any headaches, contact our team to start the refund immediately. Afterward, you can decide if you want to invest with a licensed company or not. Ultimately, the decision is yours. But at the present time, your money is theirs. Do you want to keep it that way or get it back? Let us know.
Coinwix is allegedly a Singaporean crypto exchange operating since 2022 but without any credibility.
No. The company operates without digital asset service provider licenses. Also, there are many negative reviews about them.
The company offers shady crypto investments on its untrusted web-based trading platform.
The withdrawal fee varies depending on the crypto you are withdrawing. If you experience any issues during the procedure, contact our expert team for withdrawal assistance.
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