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CoinYards Review: Coinyards.com Exposed Crypto Scam

CoinYards Review: Coinyards.com Exposed Crypto Scam

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CoinYards (Coinyards.com) is a fraudulent Cryptocurrency trading platform with a troubling history. Coin Yards is a website which lacks originality and a platform with no professionalism. After landing on their homepage, it is clear that this is another poorly designed website. The platform is a front to steal money from unsuspecting online investors. Ensure you stay away from it. Read this genuine and honest COINYARDS Review for more details.

CoinYards Review

CoinYards Review

The website’s layout is a complete flop of what an ideal Crypto currency trading platform should be. CoinYards is professing to offer three types of Cryptocurrency. Coin Yards is claiming to be in the market for Bitcoin, Etherium, and Litecoin. These are major Cryptos and only selected and top rated Crypto trading entities have them. For an ideal Crypto trading experience, it is best to have a tested and trusted tool. Instead of becoming another victim of their illicit platform, use Crypto expert recommended products.

They claim that CoinYards is a huge Cryptocurrency investment fund. According to what their platform suggests, they generate profit for any investor who signs up. How they do this is by using advanced development based on artificial intelligence. AI intelligence would be ideal if only the results were proven with this platform. A good place to use AI intelligence is with Crypto currency mining. What Coinyard is selling to investors is a load of crap. No actual trading or profit-making is going on.

About CoinYards

The history of the platform is not posted on their website which made us investigate. Does the platform have actual credibility when it comes to Crypto trading? According to the domain register whois.net, the platform was recently created. Their website was created just recently on 1st November 2019. It means that their website is barely six months old. How can they claim to be experts with no experience in the field? Scam artists will do or say anything to make their platform’s appear legit.

Another disturbing issue we found with the platform is lack of clear ownership details. With any online investment trading platform, you have to know who is in charge of your funds. No corporate details have been posted which means the platform is completely anonymous. Anonymous online trading websites have been the leading cause of investors being scammed. Stay away from Coin Yards as we don’t know who the founding members are. No broker has come out to claim association with this platform.

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Features of CoinYards

Account plans

CoinYards Account Plans

CoinYards is furnishing users with four different account plans to choose from. Accounts listed include Basic, Classic, Gold, and Platinum. The plans with hourly, daily, and weekly. Some of the features include 48 hours to 3 weeks deposit hold. Other features include instant payment type and a 2 percent withdrawal fee. They even post their estimated total returns as 1.92 percent to 28.5 percent according to the chosen plan. No platform can possibly stable profit margin as is the case.

Customer and Support

When it comes to contacting the platform, matters get dicey. No live chat support is available. After you click on their contact page, you get an email address and a phone number. The platform claims to be situated in Switzerland which is false information. A legit online trading platform will ensure communication with clients is instant. We tried communicating with them and email response is slow. You should get a response in about two weeks’ time. And this is totally unacceptable in the trading world.

Deposit of funds

When it comes to depositing funds with this platform, the process is easy and quick. Two depository channels listed include MasterCard and Visa. You cannot deposit funds using other reliable platforms such as Neteller, Skrill, or wire transfer. These scam artists don’t want any investor to track their account. Once you deposit funds, it is the last you will see of it. And yet, you probably decided not to start trading and withdraw funds.

Dubious claims

Scrolling down their about us page, you will realize the platform has listed a number of claims. Top of them being there are over 1995 investors who have earned more with this platform. Other claims include having a transparency rating of over 70 percent. These are false claims which are meant to sell the platform’s good sides. Unsuspecting investors will be raked in by the numbers and sign up without second thought. It is best to ignore these claims as they are all unfounded and without merit.

False Company Information

We noticed the claim that they are owned by PSP Joint System. the company is registered in the UK with registration number 155653924. A look at the company register reveals no entity has this license number. Apart from the platform using a false company name, their license number is a hoax. Scam artists will post random names of to try and throw off unsuspecting investors. Thanks to our keen eye, we know how to spot these scams from a mile away.

License documents with CoinYards

CoinYards Regulatory Warning from FINMA

CoinYards is claiming to be based in Switzerland. If this was true, they should have license documents from the Swiss authorities. The regulatory body mandated to issue licenses to trading entities in Switzerland is FINMA. When it comes to regulatory warning, this wraps it up, CoinYards is a platform with NO TRADING LICENSE.

Trading platform

When it comes to their trading platform, they have no information posted. Using an account from one victim, we noticed they are using a web based platform. CoinYards is using a custom made platform with no tested results. The problem with custom made platforms is that they usually come with no prior testing. Lack of proper security features is evident as the platform is totally unstable. When trading with CoinYards, you will realize they have a slow execution speed.

Safety of funds with CoinYards

Although the platform claims to have SSL encryption, this is just a logo, not the actual protection. Another problem with CoinYards is segregation of accounts which is not in place. Members are actually depositing funds straight to owner’s bank account. The platform is pooling funds in one account which is risky. When the platform goes under, never expect any compensation. Coin Yards is not participating in any compensatory scheme. Stay away from this ridiculous platform.

Scam or legit

CoinYards Q & A

With the Swiss authorities already issuing a warning, Coin Yards is a scam. The platform is breaking all rules when it comes to online investing. Never expect any profit from this platform. No member has come out with proof of ever withdrawing funds with this platform. And this is what makes the platform a huge problem. With no evidence of withdrawal, this platform is ripping off investors. We hope authorities will soon shut the whole platform down. You better stay away from it.

Bottom line

Adding this platform to our scam blacklist will expose it to our readers. Investors will know what to expect and stay away from it. The platform is full of insane promises and yet, delivers none. You better use industry recommended products from experts who have years of trading experience. Such platforms will leave you in a dire financial position, stay away.

We wish all investors and traders the very best when it comes to online investing.

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