Coin Link NZ is a purported Crypto currency exchange website based in New Zealand. They are citing the address 5/105 Blakes Rd Christchurch, 7604, New Zealand on their site, and we believe that this is the supposed visiting address of the entity. To contact support, an email address has been provided at the bottom of the homepage. There is no phone number anywhere on the site, which makes it quite tricky to get a quick response since email communication generally takes longer.
The reason we are reviewing Coin Link NZ is because it has been mentioned by the New Zealand Financial Markets Authority which says that Coin Link NZ is providing an illegal service to the general public. The site operates like a full blown Crypto currency exchange on the web where people can exchange Bitcoin into Ethereum, Dash coin, Monero, Dash coin and vice versa.
The method of operation emulates the way Crypto currency exchanges work. The difference is that Coin Link NZ is purporting to offer this service independently instead of connecting traders who either have supply or are demanding coins from other traders. So this method of operation makes Coin Link NZ questionable because we have no assurance that they will be able to send us funds when we attempt to exchange our Bitcoins into other Crypto currencies on the platform. There is no sense of security at all.
If you are based in New Zealand or elsewhere and have encountered this service, don’t exchange with them until you have read this review. If you’re into Crypto trading, consider using these Crypto trading bots.
First of all, we want to bring to your attention that Coin Link NZ is quite different from the company Coin Link NZ Limited. These two are not owned and operated by the same people. The FMA has warned that Coin Link NZ is a potential scam, and anybody who does any kind of business with them should expect to lose their funds.
This warning should not be taken lightly given the anonymous nature of the Crypto currency and also the fact that the site is operating anonymously, only claiming to be based out of New Zealand but with no sufficient proof of their business address. To exchange coins with them, the site requires that you transfer coins to their wallet so they can exchange them into your chosen Crypto currencies before sending them back to you. It looks simple on the surface. However, the challenge sets in when the site gives you no assurance that when you send them funds, they will send them back to you in another form. That kind of assurance is missing.
👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it. What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.
The other thing that makes Coin Link NZ fully resemble a scam is because they claim that they are not charging any fees for this kind of activity. The question becomes: how exactly do they gain or make money if they cannot charge fees on transactions? Is there any benefit exchanging coins and charging zero fees?
Absolutely not. So this is too good to be true. If you think logically about it, you will come to the realization that the site is actually promising the impossible. And they are claiming that it is easy, fast and safe. But you see, they don’t tell us how fast and safe the process is. There is no way to prove that they will send us funds. We also don’t know how long it will take for the site to send the funds to the user.
The first red flags would be the warning that the FMA has issued concerning the site and its operations. Traders should learn to take these warnings seriously if they want to safeguard their funds. A genuine Crypto currency exchange functions like a social exchange where traders are connected to one another. One trader will sell Crypto currencies while another one will buy Crypto currencies. This does not involve one trader. It involves many traders who have signed up in the platform to meet the demands of other consumers.
But with Coin Link NZ, their method of operation is quite different, and this is something very worrying. We do not know if Coin Link NZ will be able to meet the demands that come in from the side of the consumer. We also have no assurance since there is no escrow in place to hold coins until we have received the funds in order to release the exchange order. There are just too many risks to consider before plunging into using this service.
Thirdly, by using the same name as CoinLink, the site is intending to full traders who are not careful so they may fall for their tricks. If you do not do your due diligence, the most likely thing will happen. You will end up sending coins to this entity thinking that you are dealing with the genuine Coin Link only to discover that you are dealing with the wrong website. By then, this will be too late, and you will have lost your funds. So the fact that this site is a copy cat means that it should be avoided before it’s too late.
The other thing is that the owners are anonymous, and there are no reviews to back their services. The fact that there are zero client feedback means that this service is quite new which is why they do not have endorsement yet. We generally trust sites that have enough feedback concerning their services. This one has zero feedback. This should be a concern.
There are different forms of trading when dealing in Crypto currencies business. You can either use traditional form of trading which involves directly exchanging Bitcoin for another Crypto currency or the online kind of trading which involves using bots. The choice is yours to make mostly. If you are looking for a decent exchange, Local Bitcoins would be a good choice here.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.