Coinupit Review – What Do We Know About This Shady Exchange?
Coinupit company allegedly belongs to CoinUp. However, there are no registration details or address information available. According to the company, they are running 6 offices around the world with more than 100 employees and 100K+ clients.
Yet, their domain is registered in 2022 according to WHOIS. But there are many more irregularities that you can find in this unbiased Coinupit review.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Trading Platforms:||Proprietary app|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Considering their high anonymity and non-existent withdrawal policies you can expect withdrawal issues. In such cases, you should contact our team for CipherTrace software to track crypto transfers and start a refund process.|
Legal info: Is Coinupit Legit or a Scam?
In the first place, there are no transparent ownership details. If they are failing to deliver that, nothing better we can expect for regulations. Even though they claim to operate in Malta, the US, Singapore, Japan and Korea we don’t trust them. Primarily, because these countries are strictly regulated and this company doesn’t have any of the necessary licenses.
We tried checking also NFA, FCA, BaFin and ASIC registers to see if they are registered anywhere. But they are not.
Who are Coinupit victims?
For a company that allegedly has 100K clients, it’s strange there’s not even one comment from a client. But do you really believe that a company that started in 2022 could get so many customers? Definitely not. However, analysis says that their victims mainly come from:
- United States
Let us know what’s your experience with this scam exchange, which is, by the way, not listed on CoinMarketCap. In case you already deposited money with this company, start a withdrawal as soon as possible. With expected issues, you can as well contact our refund team beforehand.
Investment Costs with Coinupit
Important to realize is that the company doesn’t reveal any investment costs. Their web-based platform is not even working. At least not for non-registered visitors.
Therefore, everything is open for speculation with them. Starting with taker/maker fees, withdrawal fees and other commissions.
Coinupit Trading Features
It’s funny that the company promotes safe, stable and fast service. Thus, many of the things on their website don’t work. Starting with the bogus exchange that they advertise. Generally speaking, how can anyone expect them to create a secure exchange?
Is Coinupit legit?
Not in a lifetime. The company is completely mysterious and operates without a license. On top of that, they don’t reveal any investing relevant details. But don’t be surprised to see transparent companies still scamming traders. One of those you can find in our updated Orotrader Review.
Available Trading Assets
Ultimately, the available assets should be crypto. Yet, their platform doesn’t work and you can’t check what exactly they offer. The only visible detail about potential trading assets is in their footer where they have an intro to buying USDT.
Scam companies like this, don’t have any promotions. Their goal is to extract as much money as possible for traders. For that reason, they don’t care to motivate you to trade more with different account types. Unlike some other exchanges offering VIP programs with better investment conditions.
Mobile Trading App
Another key fact about this scam company is its mobile app. Allegedly, the company offers an app for iOS and Android users. However, that app is only available for download on their website. Not through trusted PlayStore or AppStore. Which raises suspicion about the legitimacy of the software.
Same as with any other scam company, they are trying to hide their flaws. For that reason, they don’t offer a demo account. Even though, there’s a brief insight into the software available. It’s a plain web-based platform with limited and basic features. Thus without any real-time data.
As for education, the company only provides a few articles about cryptos. But if you were looking for live sessions or webinars, you should look elsewhere because the Coinupit scam company is not there to teach you but to scam you.
If you are looking to expand your knowledge about scam tricks, we invite you to check our Ixxen review.
Coinupit withdrawal is science fiction. Without any funding methods or policies available, everything becomes questionable. Not to mention that the company doesn’t have even a word about withdrawals in its T&Cs.
Therefore, multiple issues are expected with the company. Generally, that’s the main reason we always recommend trading with Tier 1 licensed brokers. Full transparency and security are the keys to the trading world nowadays.
More warning signs are coming with their missing contact options. In fact, there are none. So, if you were expecting to get any assistance from this scam company, forget it. With a completely anonymous approach, you can only expect to get contacted once you register. But don’t be surprised if you can’t reach back their phone number.
Key Information To Consider About Coinupit?
In the first place, they are an absolutely unknown company without any credibility. Missing regulations, contact details and trading details are making the experience even scarier. Not to mention all the details missing about funding and withdrawing from the account.
Definitely, you can expect withdrawal issues here. If you do so, contact our refund team urgently. Time is money and your money is in someone else’s pockets. Luckily, even crypto transfers can be traced nowadays with CipherTrace. Get in touch with our team to find out more details.
What Is Coinupit?
Coinupit is an anonymous crypto exchange claiming to have offices in 6 worldwide countries.
Is Coinupit Legitimate?
No. They don’t reveal any ownership or licensing details, but neither investment costs nor withdrawal options.
How Coinupit Works?
Most likely they have hard-sales adverts and they get investors to deposit with pressure. But we suggest you start a refund as soon as possible. Contact us for more details!
What Are The Red Flags Of Coinupit?
The main red flags are missing ownership and regulation details. Also, non-transparent trading conditions and contact options.