CoreCoin Review: CoreCoin.net is a Blacklisted Scam

CoreCoin is a platform that has gained public attention. This is a confusing firm that does not know what they are offering. The scheme claims to be a broker and still a cryptocurrency. There is no blockchain in use at this project. Whoever set up the website might have been confused. 

The company further states it works with a team of financial experts in the market. They are therefore able to provide ideal trading conditions in the market. The team is responsible for the development of the firm. They have also implemented and designed the best interface allowing rookie clients to use the website efficiently.

Once you register, you will automatically be assigned to a trade manager. The professional will see you through in your activity. You will also access signals and advanced tools. Our primary concern is that CoreCoin fails to showcase the team’s expertise. 

We do not know who the individuals the broker is praising are. Without verifying if they are professional, it is unworthy to invest in the scheme. This is an anonymous platform, and such ventures tend to exit the industry prematurely.

CoreCoin.net Review

CoreCoin claims investors should trade with them as they can invest in binary options. The sole purpose of the entity is to generate high profits for traders. Binary options are hazardous assets due to the increased risk involved.

Investors have to predict the price of the products. There is no trading of the assets, so the products are banned in various jurisdictions. If you see a broker having options, their chances of being outrageous are extreme. 

As a trader, you should stay away from companies promising quick reaches. CoreCoin fails to disclose the mechanism it uses to generate the high ROI. The firm claims it uses various approaches based on the clients’ needs. They attentively attend to each one of them. 

The company does not mention how it protects customers’ funds. They also leave their banking information. The broker is unfit to be in the market. Their system will collapse, and you will be left high and dry. 

You can trade with these sound crypto trading schemes. They are genuine and trustworthy entities offering the best outcome to clients. You will not worry about fraudsters. The ventures have established themselves and are prevalent in the industry. 

How Does CoreCoin Operate?

The suspicious platform features its advantages on the website. The scheme purports to conduct its trade transparently. Every transaction is executed on the blockchain. The entity also brags it has reputable trading software.

It is secure and meets various trading requirements. However, all evidence shows the entity is not involved in investment. They do not have the products or services. The firm misleads clients it deals with crypto, yet it only partakes binary trading. 

CoreCoin states it provides educational materials to assist clients in improving their skills. If this were a crypto project, they would give the ownership data. Additionally, every blockchain has a problem it aims to solve in the industry. 

Sadly, the greedy con artists behind the scam are only looking after themselves. Do not provide your data to the nasty scammers they can use against you.

Trading Conditions of CoreCoin

The venture promises clients huge returns. The trading plans are ridiculous. One look at them, and you will realize something is off. The legal documentation of the firm is a complete joke. Genuine firms will put in efforts to have detailed terms and conditions.

CoreCoin has a few pages. Nobody will resolve the matter if a dispute arises between the company and users. They have a basic trading platform compared to their competitors. Customers can’t trade as the web trader is not functional. The platform state it has a success rate of 90%, yet 

Avoid the interface as the firm doesn’t have trading conditions. You will be signing up for losses. You can make better use of your funds rather than throwing it all away to fraudsters. 

Withdrawal and Deposits 

The payment options at the website’s footer are; Visa, MasterCard, wire transfer, QiWi, Yandex, and web money. CoreCoin fails to provide its payment and withdrawal data. They leave us to second guess.

CoreCoin lists the minimum amount of capital at $1000. They contract themselves as in the account section. The capital is set at 5K, which is absurd. Why is this entity overcharging clients yet they don’t have unique features? We are not aware whether the scheme is charging fees. Given this is an exposed scam, you can expect the worst. 

The Ponzi scheme has five investment accounts. We don’t see the need to mention the profits as these are features. The firm offers bonuses yet fails to provide data of the requirements customers must meet to cash out. 

CoreCoin is also offering commissions to clients. All you need to do is invite as many people as you can. It is illegal to promote investment services without obtaining a license. Moreover, your friends or colleagues would blame you if they lost funds to the con artist. 

Customer Support and Contact Details

The company states it has a sound support team. You can reach them via phone, email, or live chat. The entity is keen on the information it shares. They do not mention the country of origin. 

Moreover, the phone number is not working, and you are left with the other two methods. Emails sent to scammers go unanswered. If you want to trade genuinely, find a sound venture that understands the importance of having a professional team. 

Regulatory Status of CoreCoin

The entity is allegedly based in the USA. You should note that the country has strict rules even the legit firms originating from the area opt to acquire licenses from other bodies. 

Only a handful of wealthy firms can afford the capital of $20 million. CoreCoin also deals with binary options assets that are not permitted in the jurisdiction. The shady firm presents a registration document to prove its legitimacy.

However, the form does not serve any use. The company also made a bold claim that it has a license from IFMRCC. Sadly, this is another false claim to win over customers by legally pretending to be in business. 

The firm also states it is the responsibility of traders to abide by their country’s jurisdiction law. The scam is covering up illegal services. They are the ones who should abide by the set rules. 

CoreCoin is not reporting its daily activities to anyone. Therefore, they can manipulate prices easily without having second thoughts or anyone questioning them. The money deposited on this website will be lost and never be recovered. 

Final Verdict 

CoreCoin is an obvious scam. There is nothing impressive regarding the entity. It has standard features with many scams that we have reviewed. The registration process is swift. The quicker you finish, the fraudsters are waiting to milk you dry.

Despite claiming to have binary options, we can only find digital currencies. The firm is not trading, and the software is featured for showoff only. 

Try out these fantastic crypto schemes. The entities have been in the industry, surviving the volatility. It is best to trust a venture with an unbeatable track record. They don’t exaggerate the outcome to win over more people. What you see is what you shall get. 

No, the company does not have a license.

Unfortunately, the entity does not have enough funds to hire a professional team.

No, the broker is exposing traders to risk.