NBKCOINS Review: Plenty Of Evidence Against NBKCOINS
NBKCOINS is an anonymous crypto trading exchange that supports binary options and perpetual swaps trading. The NBKCOINS scheme operates in a similar fashion as the unlicensed RaceOption platform.
Our NBKCOINS Review will open your eyes to the scam that this crypto platform really is. As stated, there is plenty of evidence against NBKCOINS from a regulatory warning to several negative reviews and complaints.
|Regulated by:||Unregulated Exchange Scam|
|Is This Company Safe?||No|
|Have Warnings from:||OSC|
|Website Active Since:||2022-09-24|
|Free Demo Account:||Not Available|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.|
Legal Info: Is NBKCOINS Regulated?
On the exchange’s website, you will not find any legal documentation, company name, ID number, address, phone number, etc. So basically, NBKCOINS is anonymous, meaning there is no chance that the platform is regulated. We also found a regulatory warning issued against NBKCOINS on September 1, 2023, by the Ontario Securities Commission (OSC). You’d be wise to avoid all unregulated crypto exchanges and binary platforms.
Instead, find a reliable platform that legally operates under the watchful eyes of renowned financial market regulators such as the FCA (UK), CFTC & NFA (US), IIROC (Canada), ASIC (Australia), JFSA (Japan), BaFin (Germany), etc.
If you need help finding the right provider for you, we offer our professional assistance.
Who Are NBKCOINS’s Targets?
According to godaddy.com/whois, the nbkcoins.com website domain was created on September 24, 2022. Since then, NBKCOINS has been offering unregulated services mainly to traders residing in the following countries:
- United States;
- United Kingdom;
On the list, we have some major financial hubs with pretty heavy regulations and rules. A company cannot legally provide services in these countries without the necessary license, which NBKCOINS does not have.
It matters because regulations are crucial for volatile and unpredictable assets such as cryptocurrencies. The good news is that a Canadian financial watchdog reacted to the cyber threat and issued a warning to traders.
So NBKCOINS’ legal background is fraudulent, we got that out of the way. What do traders have to say about the crypto platform? If you look for NBKCOINS’ reviews on trustpilot.com, you will find numerous complaints against the platform.
Traders were pretty frustrated with the malfunctioning trading app, withdrawal issues, illegal upfront fees, fake promises made in dubious WhatsApp chat, etc. Not a single positive review; that’s all you need to know about the platform’s legitimacy.
NBKCOINS Trading Platform
NBKCOINS offers a lackluster web-based platform. This terminal can be used to buy and sell cryptocurrencies and trade binary options and perpetual swaps. Both binaries and perpetual swaps are popular ways of trading crypto, easy to comprehend.
You can access and preview the platform via a mobile app or on NBKCOINS’ website but it’s impossible to try it out because there is no risk-free demo account or trial period. NBKCOINS offers only one live account type.
If you’re a newbie trader, do not risk money with unregulated and anonymous exchanges such as NBKCOINS or brokers such as ProfiStocks. Stick to reliable providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.
Available Trading Assets
NBKCOINS offers a wide range of cryptocurrencies. The available tokens can be traded against US Tether, Bitcoin, and Ethereum.
- WTC/ETH; etc.
Please note that the crypto market is extremely volatile. Therefore, it’s incredibly risky to trade such volatile assets on an unregulated exchange.
Book a free consultation with us and learn how to recover your funds.
NBKCOINS Withdrawal Process
NBKCOINS encourages potential users to buy crypto via the exchange. However, trading commissions, the minimum deposit requirement, as well as deposit and withdrawal fees, are unknown.
The lack of transparency is not something you want from a provider that is supposed to receive your funds. This platform will not allow you to withdraw your funds so do not count on it. Instead, you have to act quickly and seek out professional help.
NBKCOINS offers customer support services to assist users with their inquiries, issues, and account-related matters. The website listed several emails and a web form.
In addition, there is a “College” page with useful information about the basics of trading, crypto market news, trading strategies, etc. We tried to open this page to find out more about the education data but the website denied us access. It comes as no surprise at this point.
Key Information To Consider About NBKCOINS
To recap, NBKCOINS is an anonymous crypto exchange used to buy/sell crypto and trade binary options and perpetual swaps. This exchange has been active for a couple of months and negative reviews already started appearing.
We don’t recommend you trade on this exchange because it’s unregulated and blacklisted by the Canadian OSC regulator. If you’ve fallen victim to the NBKCOINS scam, please book a free consultation with us and we’ll explain how you can get your money back. Our experts will gladly assist you throughout the fund recovery process.
Book your free consultation today and find out what the next step is.
What Is NBKCOINS?
NBKCOINS is an anonymous crypto exchange that offers users the possibility to buy/sell crypto, trade binary options, and perpetual swaps.
Is NBKCOINS a Scam?
Yes. NBKCOINS received many negative reviews and complaints from defrauded traders. Plus, the Canadian OSC blacklisted the platform.
How Can I Get My Money From NBKCOINS?
You can request a chargeback at your bank. Book a consultation with us and we’ll explain how it works.