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Coinsourceinvestment.com Review: A Bogus Crypto Scam

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Coinsourceinvestment.com Review: A Bogus Crypto Scam

Coinsourceinvestment.com began its operations in 2017. The platform claims to offer opportunities to help investors thrive in the cryptocurrency market. They perform crypto mining and trading investment.

The CoinSourceInvestment.com company claims that they are among the best investment platforms. They state that they are a genuine venture platform and giving investors 6% returns daily.

Investors of the investment company are assured they will receive risk-free trade. Traders can profoundly manage asset management online.

The Firm allegedly generates funds for investors, even the ones with minimal knowledge about cryptocurrency. They claim to have a steady profit ratio for its investors and network pools.

Coinsourceinvestment.com Review, Coinsourceinvestment.com Website

Investors can watch their bitcoins increase every hour on the website. Experts in the investment at first glance will realize the narrative is impossible.

The platform claims they are fully licensed and certified, and even they have a license number – 10890123. If investors click on more details regarding their registration, no information is displayed.

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For investors to gain profits, research, time, and skills are required to achieve pleasing profits. We have compiled a list of the best cryptocurrency and mining platforms that you can invest your funds.

CoinSourceInvestment.com Review

CoinSourceInvestment.com platform promises investors that one bitcoin is added to their account every hour.

This is a false claim that only scam platforms may use to gain access to customers’ funds. The platform has a multi-level administration to falsely luring investors.

The investment company has Bitcoin and Ethereum production house. Clients are promised high returns. Coinsourceinvestment.com, despite lacking the necessary documents, state that they trade with the current market and ensure customers are protected.

Persons running the platform seem shady, and their ways of trade raised questions and doubts.  The investment company has features that raise red flags. On the platforms, they have a fake licensing document on their platform to target new clients and try to seem like a legit company.

Newbies, investors are most likely the once to fall for this kind of Ponzi scheme. Despite the rapid growth of the cryptocurrency world. Investors joining the market need to be more educated and aware before investing their funds.

Company Team and Regulation

The platform claims to have representatives program, and anyone can join. Once you are enrolled as a representative, you will get fast hand information and news about the company.

Coinsourceinvestment.com offers its representatives long term benefits like additional direct contact.

The laws regulating the markets have been changing drastically since the early 2000s. The Legal certificates need to be obtained from the relevant regulative bodies for Coinsourceinvestment.com company to be allowed to generate funds from the public.

Despite Coinsourceinvestment.com having an incorporation certificate on the platform, the platform lacks regulation procedures.

This should raise concern for any investor. The company is not recognized under FCA, as no data regarding Coinsourceinvestment.com is available. The fact that FCA does not recognize them means that it is a scam and is operating against the law.

The platform is operations illegal and risks criminal prosecutions. Legit platforms working and following legal procedures, they boast their certification and are always showcased on the platform.

The CoinSourceInvestment.com team or founders remain unknown to the public if you choose to proceed with the platform, you will bear the risks alone.

There is no help you will receive from the government in tracing your funds. The Coinsourceinvestment.com company will disappear like it never existed in the first place.

They do not have trade history on the website for beginners or new traders to see. The platform is extremely doubtful, and investors risk losing funds.

Coinsourceinvestment.com Customer Support

The platform provides a phone number + 131044201012. The platform also offers a support email [email protected]. Address 54 Rose Avenue, York, YO26 6RU, UK.

The Suspicious platform claims that they respond to customers’ queries instantly. We strongly believe that the investment company only communicates with its clients using email.

Coinsourceinvestment.com Scam Review, Coinsourceinvestment.com Contact

After receiving the funds, the chances of them communicating with you are very minimal. They will cut all contact and avoid you.

The Coinsourceinvestment.com is run by professional scammers. The cover their tracks in such a way that nobody will ever discover their whereabouts.

How Coinsourceinvestment.com Operates

There is no proof of Coinsourceinvestment.com granting investors the promised returns. They claim they generate their income from mining and trading Bitcoins and other digital currencies.

However, there is no mining evidence shown in their platform. We do not know the machine the company is, the location of their farms, the incurred expenses in the mining activities.

We also don’t know how they mitigated the involved trading risks that come along with altcoin trading. Cryptocurrencies are highly volatile, and they have not mentioned what percentage of investors are used to cover these risks.

The platform claims to play a part in a significant part of the cryptocurrency sector. However, the platform has not disclosed its draw-down, win rates, or the time taken for the portfolio to yield return.

Due to the owners and founders of the platform, missing details, investors never know who they trade with. Only scam platforms hide client details from investors.

The way the platform operates directly poses it as a pyramid scheme. Investors need to check the platform before indulging in their businesses.

When trading, always ensure you have the platform data in hand. Trading is all about the number. If the returns don’t add up or seem too good to be true, always choose to walk away.

Avoid short cuts; there is nothing like quick returns. Patience and thorough research are required. Avoid believing everything you read online, as some positive reviews are left by the paid marketers.

Investment Types and Returns

Coinsourceinvestment.com claims to offer a 6% daily return. The more the investor deposits, the more the returns.

Expert investors will realize that the amount is ridiculous and does not amount to anything. They give clients 3 types of investments plan.

The platform’s first plan is a Starter. It generates daily returns for one week. The minimum amount you can deposit is 0.01BTC, and the maximum is 0.05BTC.

The second plan of Coinsourceinvestment.com is the Pointer. Investors can receive a daily return for 15 days. The minimum and maximum amount that the clients’ can deposit are 0.55BTC and 1BTC, respectively.

The third pact is the VIP. You will receive a daily return for 40 days. The least amount of funds that you can deposit is 1 BTC, and the maximum is 10 BTC.

If these numbers were accurate, then every investor would quickly become wealthy within short periods. No legit platform would offer such kinds of returns, and the rates would be reasonable.

Coinsourceinvestment.com claims that once you deposit funds immediately, you start earning profits. Platforms that promise quick returns are pyramid schemes

Affiliate Program

The platform offers promising amounts and bonuses to initial marketers who manage to refer to a new member.

Coinsourceinvestment.com urges members to join the affiliate program and start enjoying returns even without deposits to the account.

Like all pyramid schemes, Coinsourceinvestment.com affiliate programs are the only way scams manage to grow.

The platform has a marketer’s section where they can apply and spread the scam. The platform claims affiliates get a commission of up to 7%. 3% and 1% of representatives, on the other hand, are promised 10%,5%and 2%.

Domain Insights

The platform registered domain name is Coinsourceinvestment.com. The company was registered in January 2020 and will expire on 2021 January. They are not ranked by Alexa global ranking. The target audience remains unknown.

The platform is still new in the market. The more reasons you should keep off the platform. Its paid promoters hype it.

Final Verdict

Coinsourceinvestment.com only accepts cryptocurrency deposits. They do not have a license and are not regulated; hence they can go against the laws and shut down anytime. Investors need to be on the lookout for such Ponzi schemes.

The platforms risk criminal charges and also investors who join their traits. The platform has not provided their location. Failure to provide information is a red flag for traders. Always invest with legit mining platforms.

 

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