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Our Coinbaza.com review exposes why this crypto trading platform is a scam. Unfortunately, those who have invested with Coinbaza know all too well the consequences. First, the broker blocks members from withdrawing any funds or winnings.
And that led to several members lodging complaints against the platform. You must avoid such platforms or risk losing it all. The platform is a major scam and targets naïve investors. Here’s our clear COINBAZA REVIEW.
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Immediately you land on the homepage, you realize the platform is an utter scam. Relevant information on what the platform offers is unavailable. Investors and traders alike are to sign up without asking any questions.
Well, we do; we have to ask the hard questions that come with such investments. The broker wants you to blindly sign up and expect to get your account balance rising. For us, we have to ask the most crucial question, how?
How does the broker plan to invest our funds when we sign up? Is Coinbaza.com a cloud investment platform or a crypto trading platform? Unfortunately, these details remain unclear as the broker fails to pinpoint what they offer.
Once you land on the homepage, you feel like a professional website. We have to give it to them to create an engaging website. Sadly, you won’t find the information needed to ascertain the broker’s compliance.
After signing up, new members get redirected to the member dashboard. Before you even access it, there’s a deposit link that pop-ups. You must deposit the amount you wish to invest and expect a guaranteed 10 percent ROI.
Yes, Coinbaza.com is another broker that promises guaranteed results. Unfortunately, no expert can claim such for those new to investing and trading. Due to market volatility, investors and traders are bound to incur losses.
After depositing funds, the account balance reflects on your member dashboard. You then select the vesting terms in terms of days. Members then must wait for the vesting period to complete to withdraw funds.
When the time comes to withdraw funds, all hell breaks loose. You won’t get even a single dime after investing. The broker runs away with it and blocks access to your account. Thereby leaving no trace, you ever signed up with the account.
There are four plans available depending on the vesting period. Each of these plans guarantees 10 percent ROI, including the principal amount. You can vest for a week, two weeks, one month, and a maximum of three months.
The acceptable minimum deposit is $500, and there’s no absolute maximum. For those who invest longer, the profit margins remain the same. And that’s another area of concern, and crypto investments aren’t worth that.
Members should either get a little more of their investment, seeing it takes more time. The broker also fails to ensure how the platform gets these profit margins. Is it a cloud mining platform? If it is, where’s their mining farm located?
Before investing in any investment and trading accounts, you have to be realistic. Try and find out which platform is ideal for you. Make sure to go for accounts that offer a range of features and withdrawal possibilities.
In this case, the broker fails to allow anyone to withdraw funds mid-way through the vesting term. We expect investors and traders to have access to funds 24/7. Any broker or liquidity provider who blocks it is not reliable.
Accountability and transparency are the names of the game. You should sign up with a platform that’s transparent to investors. Please don’t invest in platforms that make huge promises without explaining how they plan to meet them.
The broker claims to have won the Best and most trusted broker across Europe for two years. We checked with all broker award ceremonies and past events. Unfortunately, this broker was not even nominated in any of them.
These accolades and empty claims are an insult to our trading system. Therefore, it would be best if you stayed away from such platforms. Earlier, we had noticed that some download award logos and place them as their reward.
Your funds are far from safe, with a broker not able to offer much in terms of creativity. It would be best if you stayed away from the platform as it fails to segregate funds. The broker is in breach of laid out financial rules.
You get a broker who doesn’t even comply with regulations. The broker fails to offer insurance cover for deposits made by members. Each liquidity provider must deposit a certain amount with regulators to act as insurance.
For most brokers, regulators require a minimum of $20 million as the investment amount. Most brokers don’t have such and prefer to register in offshore locations. The broker in question fails to mention their actual whereabouts.
If you think about it, getting $50 after investing $500 weekly is a lot of money. And yet, the broker guarantees the same profit margin with any amount investors deposit. So that’s another reason to be wary of the broker.
Before you invest in high-profit margin platforms, try and be realistic. You will also find that most regulators are against brokers who offer large profit margins. These are the issues you have to face as an investor.
From what we have seen, Coinbaza.com is a scam. We rate the broker a 1/10 due to several allegations of fraud and withdrawal issues. For the past few weeks, no member has made any withdrawals.
You need to confirm with other users about their experience with the platform. Only after finding out the broker is a fraud does it help to avoid signing up. Before that, signing up while counting your unhatched eggs seems rosy.
Don’t expect the broker to offer support after signing up. For example, the platform doesn’t offer live chat support or direct means of contact. And that’s an indication the broker doesn’t want to communicate with would-be victims.
Coinbaza.com is not licensed or regulated crypto or forex trading platform. Furthermore, the broker fails to offer any evidence of having a license from any regulator. Therefore, it pays to check with regulators and confirm whether a broker is compliant.
Some of the reputable regulators in the industry include the FCA and the SEC. Others include ASIC, BaFIN, CNMV, CONSOB, and CySEC. These regulators work to ensure all parties adhere to investment and trading guidelines.
Funding your account with the platform is easy. You get to deposit via bank or crypto transfers. The broker will prefer the latter due to the anonymous nature. However, withdrawing funds remains the biggest obstacle facing members.
Please avoid this crypto investment platform or risk losing it all.
NB: These are the best crypto investments you can use.
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