A website that was continually marked as potentially dangerous and unsafe cannot contain anything good or useful for a crypto investor. In fact, the website is identical to another fraud, axelcap.io .
Nonetheless, this anonymous crypto platform claims to provide the latest and most reliable trading solutions for every trader out there looking for a profitable strategy. The fraudster even goes as far as to claim that crypto starts with none other but their dubious platform.
Without actually providing credible proof of their legitimacy, this shady service provider is another one we add to the list of companies to avoid at any cost. Read our Lewcoin.com review for a detailed report.
| Regulated by: | Unregulated Crypto Platform |
| Is This Company Safe? | Better stay away from firms with no license |
| Known Websites: | lewcoin.com |
| Have Warnings from: | N/A |
| Registered in: | Malta (alleged) |
| Operating since: | 2023-09-24 |
| Trading Platforms: | Web |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrency Pairs, Crypto CFDs, Crypto Stocks, Crypto Funds, Crypto Futures, Crypto Bonds, Crypto Indices |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Better seek legal help if you wish to withdraw from this firm! |
No License Where It’s Due
The only part of the website where it’s even remotely mentioned who runs the site is the legal docs. Even those are so shallow and uninformative that the only clue is the claim about operating under the laws and regulations of Malta.
After checking the MFSA register it was easy enough to establish that the firm lies about operating in accordance with any regulatory directives. We’ve also gone through the databases of FCA, BaFin and CySec while looking for a potential license.
Unregulated crypto trading portals are dangerous for any investments, as they could cost you a lot more than just one deposit. Speaking of which, Axiom Trade imposes the same danger on the safety of your funds, so beware of them, as well.
Areas In Focus
The Lewcoin.com scam shows to be especially active in more developed areas like:
- Germany
- Austria
Less informed crypto enthusiasts are easier to persuade to invest into schemes that sound particularly lucrative but offer no valid proof of it. With the help of boiler room agents and other participants in the scheme, investors from all over the world are marked as targets.
Most commonly, those present on social networks are easier to contact and they can be pestered for days on end. Skillfully and patiently, these phone salesmen take their time to manipulate you one way or the other. The result is always the same – every investor is robbed blind and left empty handed.
Overwhelming Costs
Surprisingly enough the fee structure is published on the website. There’s only one little detail about it: you simply cannot trust anything that says on there.
All of the trading costs are defined by the VIP level or the volume of your account. The lowest level features Taker and Maker fees of 0.075%, while the last tier includes lower fees – 0.035% / 0.045%.
What this section doesn’t reveal and what is written in T&C is the 5% fee on every single transaction. Besides that, every deposit and withdrawal is charged also. BTC deposit fee is 0.00007 and withdrawal 0.00018.
Referral Bonus
The website does invite all of its users to participate in the affiliate program and recommend the platform to family members and friends. Unfortunately, all of the specific conditions of the scheme are well-hidden behind the sign up requirement. What it takes to partake in the program and what the requirements are is completely unknown.
Feature Analysis
Not much is found on the shallow website to begin with. What represents a trading platform is nothing but bogus software that is unusable until you deposit. Without specific account types, you cannot expect a diverse offer of particular features. Lastly, even the instruments available are but a few crypto currencies.
Platform Usage Requires Deposits
Before you can even unlock all of the features the platform advertises, you have to make an initial deposit, which is how BizzTrade fraud runs things.
It goes without saying that simplistic web terminals are hardly any useful or rich in features compared to the industry standards like eternally favored MT4 and MT5.
If you wish to invest and get a real chance at trading, you should consider putting your trust in a well-regulated crypto exchange.
Featured Trading Instruments
You can’t readily purchase the desired crypto coin for FIAT currencies on the website of this so-called exchange. Instead, you’ll have to use a 3rd party service, and some of the companies listed as partners and affiliates are equally dubious.
That said, assets that are available for speculation are various cryptocurrency derivatives:
- Cryptocurrency Pairs (ETH/BTC, SOL/BTC, XRP/ETH, ATOM/USDT, XLM/USDT)
- Cryptocurrency CFDs (BTC/USD, BTC/GBP, XAU/BTC, WTI/BTC)
- Crypto Stocks (CBIT, BTCW, 2SBT, ADE)
- Crypto Funds (SBTCU, BITC, BTCE, ABBA)
- Crypto Futures (TBT, TBM, BMC, BTE)
- Crypto Bonds (BTCE, 1VBT, BT0Y, WBIT)
- Crypto Indices (XBT, BADAXBT, BXBT, BVIV)
The company also advertises NFTs as “coming soon”, which is interesting considering the recent NFT market crash.
Unspecified Offer Of Accounts
Although you can relatively easily create a Lewcoin.com login, you won’t know what your newly opened account features. Because the platform owners haven’t designed a single tool, option or benefit, the simple live trading package is all there is.
It’s questionable if the deposit requirement even exists, since no amount is asked of you to invest – you just have to deposit and that’s it.
Risky Transactions
Crypto scams usually offer only digital currencies available as payment methods. Evidently, these transfers are most anonymous and they help swindlers preserve their incognito status in the eyes of law. However, they can’t remain untouchable forever. That’s why it’s so important to speak up and expose a cyber thief.
Lastly, if you wish to invest safely, only those service providers that own a legit license can guarantee you proper fund protection.
In cases like this one, only shady facilitators like MoonPay and Mercuryo process the payments. These are known for their affiliation with other larder-scale shams.
No Help From Support
Even if you were to face an issue while using this platform, you can only attempt to report it and seek help. The Lewcoin.com support simply doesn’t exist. We confidently say so because if you try to find a contact page or any available communication channel, you will not be able to get in touch.
We Offer Help With Recovery! Get In Touch Today!
There’s no reason to recommend this particular crypto trading platform to anyone. The company is completely anonymous, and encourages potential clients to make FIAT to crypto transactions with unreliable firms. The trading software is poorly done and unreliable, and the selection of assets includes some banned instruments.
With all that in mind, the exchange doesn’t even make an effort to mention any options for Lewcoin.com withdrawal. If you’re having any issues with payouts, contact us via the live chat for a free consultation with our chargeback professionals.
FAQ Section
What Is Lewcoin.com?
It is an unscrupulous crypto service provider that holds no valid license for their business.
Is Lewcoin.com Legit?
No, the company provides no proof of their legal status and MFSA has no info on them, despite their claims to operate from Malta.
How Does Lewcoin.com Work?
After depositing, you can either exchange crypto or stake your coins, but that is just a front for a scam. Contact us asap if your withdrawals don’t work.
