Wibcoin Review – Fake Mobile Apps, Poor Coin Offer, And Zero Security
Wibcoin Review – Fake Mobile Apps, Poor Coin Offer, And Zero Security

Wibcoin exchange is one of those vicious fraudsters manipulating its customers with fake information. Starting with security, support options, and even basic conditions, nothing is real.

In general, whatever you look at on their platform, you can find some problems. Luckily, this unbiased Wibcoin review reveals all the issues traders can expect. But also recovery options in case you fall for some of their tricks.

Regulated by: No regulations
Is This Company Safe? No
Known Websites: Wibcoin.com
Have Warnings from: N/A
Registered in: N/A
Operating since: 2014
Trading Platforms: Web trader; mobile apps
Maximum Leverage: N/A
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies
Free Demo Account: No
How to  Withdraw from This Company? Considering the company’s zero transparency, fake mobile apps, and missing regulations, withdrawals can’t be considered possible with this company. In case you have trouble withdrawing your money, get in touch for quick refund advice from our experts.

Legal info: Is Wibcoin Legit Or A Scam?

One of the reasons to question the company’s legitimacy is transparency about legal information. This is especially important for all businesses that are involved in finances. Surprisingly, this company doesn’t reveal any registration details whatsoever. However, their T&Cs point out to a company named Wibcoin UAB. Firms with these extensions are usually registered in Lithuania.

However, Lithuanian databases don’t have any records of this firm being registered. Another entity mentioned is Bifinity UAB, which manages fiat payments. This firm is indeed registered regularly, but it only operates as a payment provider. All in all, Wibcoin remains anonymous.

Who are Wibcoin’s Victims?

Even though the company doesn’t reveal any foundation date, we can assume, based on domain age, that they were founded in 2014. However, with a lot of updates on the domain ownership, it’s hard to be sure. 

In any case, research shows that most of the company’s victims come from:

  • United States
  • Canada
  • China

But what’s interesting is that there are no publicly available Wibcoin reviews. Yet, the company claims to have more than 20 million users worldwide. Fairly, some numbers simply don’t add up. 

To learn how to avoid such misleading details, make a note of our tips in Monetio and Revolution FSL reviews. Also, if any of these companies hold your money, contact us directly for refund assistance.

Leverage, Commissions, Spreads, Fees and Taxes

One of the leading causes of trading scams is hidden trading conditions. That’s also the case with the Wibcoin crypto exchange. Without transparent fees and commissions, traders can only expect manipulation around those. One way of avoiding such traps is simply choosing reputable, top-tier licensed companies.

Bonuses

Bonuses are usually a good way to motivate traders to invest. Whether in new coins, proprietary coins, or just to get started. Also, traders should remember that those amounts are very small in most cases. 

If the company offers you insanely high bonuses, be careful and make sure to read the withdrawal terms first, especially when the company doesn’t disclose any details, which is the case with Wibcoin.

Wibcoin Trading Features

Important to realize is that all the features within the Wibcoin app are restricted from the public. To get access to it, you must complete the sign-up process. But there’s a catch. The company requires an invitation code. This tells you they either get new users from fake campaigns or referral programs. In either case, it’s not good.

Trading Platforms Available

Similarly to all other exchanges, the platform is web-based. However, platform differences come from reliability, licenses, and transparency. Clearly, nothing that Wibcoin has. In any case, be aware of possible platform manipulation.

Available Trading Assets

Generally, the Wibcoin coin offer looks quite poor. With only a few dozen assets, they can’t compare to top-tier exchanges. In any case, the offer consists of: 

  • BTC
  • ETH
  • XRP
  • ETC
  • LTC
  • EOS and a few more.

Account Types

When it comes to finding your account, you may choose between a few options, although none of these are transparently presented to the public. Also, there are no specific requirements or special account types you can expect—at least not transparently.

Yet, you shouldn’t be surprised if the company offers you some VIP or Premium benefits at a later stage. Of course, with the idea of extracting more money from you,

Mobile Trading App

The company’s mobile app is one of the biggest scam signs besides Wibcoin withdrawal. They present it as being available in the AppStore and PlayStore. 

However, both options lead to a proprietary link for direct download. Also, the company presents us with an average rating of 4.9 and 19,000 reviews. Obviously, fake ones since nothing can be opened.

Demo Account

Generally, crypto exchanges won’t offer any demo accounts, even though the ones with leveraged trading should have them. Therefore, once you complete the Wibcoin login process, you must deposit money straightforwardly.

Education

The only way to be a profitable crypto trader is with knowledge. However, the Wibcoin exchange doesn’t offer any kind of education for its users. Fairly, this tells you how much they support their traders. It’s clear their goal is to make them lose and not make money.

Wibcoin Withdrawal

When it comes to withdrawals with Wibcoin, it’s a mission impossible. Fairly, with hidden policy and missing regulatory oversight, it’s hardly believable that you can get any money out. 

Not to mention, the company doesn’t reveal any fees, processing time, or methods. In the end, too many options for manipulation.

Customer Support

Another suspicious detail is the company’s support. With only e-mail and Telegram channels available, it’s clear the company has been hiding behind the keyboard. Therefore, if you need any assistance, don’t raise hope you will get it from them.

Key Information To Consider About Wibcoin

Regardless of all the features the company offers, we have to remember that it is not regulated. All features have restricted access, and the company hides trading conditions and, most importantly, legal details.

Practically, nothing is promising with this exchange. Hopefully, you will stay away from them. Yet, you have a refund option if you were already involved in their scamming activities. Whether you were sending money via card or crypto, our refund experts can help you track it down and apply for a refund. For detailed guidance, don’t hesitate to reach out to our team.

FAQ Section

What is Wibcoin?

Wibcoin is a fake crypto exchange that presents itself as a safe, reliable, and stable choice for digital assets trading.

Is Wibcoin Legit?

No. Wiboin company doesn’t have any DASP/VASP licenses to back up their fake services. If you were involved with this exchange, contact us immediately for refund assistance.

Where is Wibcoin Located?

The company’s address is unknown. However, their T&Cs reveal they might be registered in Lithuania.

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