Coinstic.com Review Is Coinstic Scam or Legit

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CoinStic Review – Legit or Shady Platform?

CoinStic is a new arbitrage bot which allegedly has high win rate. They are said to be compatible with top 10 cryptocurrency exchanges. However, that does not mean they are completely reliable.

There are many concerns with regards to this platform as well. We did find some testimonials on the web, but they were also kind of neutral.

If you are a crypto enthusiast and are considering to join this service, then make sure to go through our entire review to make a firm decision.

Ownership and Customer Support

Displaying the details of the owners is a sign of transparency and healthy relationship with the clients and the public. Most of the legit and legal companies gives utmost importance to this aspect.

Unfortunately, this firm does not reveal any of the details of their owners or employees which is a big red flag in our books. Moreover, they have masked their identity as well while registering their domain.

We are not saying that everyone who uses privacy protection services are a fraud. However, given the history of online investing, it is better to deal with only companies which have proper licenses.

If you need any assistance on this platform, then you can reach the support team via the contact form on their website. It is indeed strange to see a company which boasts of generating consistent results and yet does not provide telephone assistance. Below is the location details of this firm.

Address – 1-2 Berners Street, London, UK W1T 3LA

How does CoinStic Work?

CoinStic works on arbitrage principle. In simple words, whenever there is a price difference between two exchanges, it creates an opportunity for traders to buy low and sell high. Though, this concept sounds simple in theory, practically speaking it is a lot harder.

Decades ago, arbitraging for a living was profitable, but now due to the modern technology, the gaps get filled in an instant. So, unless you are really focused, it’s a lot harder to find them in the first place.

Moreover, you have to give adequate attention to your infrastructure as well. This software claims to make the entire process of arbitraging on autopilot. However, due to the fact that they are a new company and do not have much of customer testimonials on the popular forums of this niche.

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It is hard to recommend them as of now. Also bear in mind that, if the slight miscalculation occurs, there is a possibility of loss.

Investment Plans and Returns

There are three types of investment plans offered by them. The distinction between the plans appear to have something to do with the speed and the number of exchanges.

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However, since they have vaguely put up the information, no one knows the actual deal. The returns are also unknown. In the markets, the amount of money you might make or lose it always a mystery.

So, lack of stating any predetermined returns means, they certainly know the way the markets work. Pricing for the packages range from 0.01 BTC to 5+ BTC. We highly encourage our readers to start with the bare minimum to test them out and, then proceed with the higher price tag plans.

Domain Details

The details of the owners are still unknown. However, we did manage to gather the following details about their website with the help of whois.com and alexa.com.

Registered On – 27/10/2020

Alexa Global Rank – 1,024,129

Rank in Macedonia – 710

Testimonials

Every online service gets surrounded by testimonials sooner or later and this one is no exception. The comments from the public are kind of neutral and does not instill confidence. Check out what the users are saying on Beermoneyforum.

Thoroughly researched this company and it kinda seems legit to me One of my friends talked me about this company months ago it has been 2 weeks that he is in profit , he has returned all of investment and is getting paid everyday constantly.

I have invested myself a week ago everything seems to work perfectly

I’m still skeptical about coinstic, I heard for it a couple of months ago, but just now I decided to pay more attention, google search does not contain any information about the owner, as well as the other people’s experiences. I would be happy if someone could show me live how coinstic works.

CoinStic Review Conclusion

CoinStic is an interesting service, but not the most transparent one. There are a number of merits and demerits, but given the history of many money making solution which have gone bust, it is better to stay away from them until there is more data.

Remember, if it was that easy to profit from the market, everyone would be rich. However, according to statistics over 90% of the traders always lose. So, do not hope to make money on autopilot and more importantly, deal with only regulated exchanges.

Coinstic.com Review: Is Coinstic Scam or Legit?

Coinstic Review: Scam or Paying? coinstic.com claims it could make you huge profits in investments . How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What Is Coinstic?

It is allegedly a platform that has a sophisticated software that allows it to analyze the crypto market and compare the top 10 crypto prices among all platforms, on real-time. Then the moment it detects a price fluctuation between two random exchanges, it buys Bitcoins for lower price and sells it to the other exchange for a higher price. For every profit that is made by your investment you take 90% of it, and 10% goes for the Company’s service.

Investment Plans

  • Standard 0.01-0.99 Bitcoin
  • Fast 1-4.99 Bitcoin
  • Ligtining +5 Bitcoin

Coinstic Review- Disturbing Things Found

Coinstic is a smart flunctuation trader that detects the price change of cryptocurrencies between platforms and execute a trade. The platform appears legit, even the promotional video. The Investment plans are also no cause for alarm. However, a quick search on google images showed that the project authors names are fake, though they are all linked with the Financial market and cyber security. We are keeping our fingers crossed as this is a new platform. We can’t honestly say if this platform is worth your time. We advise you to tread carefully.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

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SCAM Coinstic Reviews: SCAM or LEGIT?

    Thread starter OMMClub Start date Apr 21, 2020

OMMClub

Newbie Member

The craziest ideas came by accident, Clark Baxter was a genius in mathematics and software engineering.

Clark acted one day, and he saw that no one else had ever seen, the price was different on two different exchanges. At that moment, Clark came up with a very lucrative idea.

He immediately wanted to develop software that would automatically trade between exchanges. In this case, an asset that is cheaper by a small percentage is bought on the stock exchange and sold on the other, somewhat expensive, stock exchange.

He quickly assembled a team of experts in the field and started developing the software. When he and his team built the software, he found he needed millions of crypto assets to make it work. The software would not work if no paid-up and diversified assets are listed and can be traded immediately, since transferring money from one stock exchange to another takes 10-60 minutes.

CryptoInfoWatch

If you’ve heard of arbitrage, this site would interest you. However Coinstic is not your routine company and if you’re thinking of investing in this company, it makes sense to read through this post before deciding to act.

There are many sites on the internet that have devised several ways to attract investors. Some of them are good authentic businesses while some are just scammers hiding behind the web projecting enticing investment opportunities to steal from the uninformed.

What is Coinstic?

This is a company that claims that its owner is a sort of software expert that has developed a smart way of buying cryptocurrencies cheaply and selling at higher prices.

Insomuch that this is a possibility, we have been looking at the company’s antecedence and reputation to determine if its claims are verifiable.

According to the Coinstic site, its software is constantly scanning the prices of hundreds of cryptocurrencies to determine the differences in their prices in some exchanges in the bid to take advantage of those differences and make profit.

It focuses on the top 10 coins in all these exchanges according to the site, focusing on the fluctuations in the prices of these coins is the way the Coinstic makes profit.

In other words, it analyzes all these exchanges to know which is buying the coin at a higher price than what Coinstic bought it and immediately sells and makes profit from the difference in price.

What Does Coinstic Promise Investors?

The site stated that investors with the company would earn 90% from every profit generated by their investments while Coinstic takes 10%.

The site even has what it termed a “live demonstration of our system” even though there is no way to prove that it is actually a real-life real-time action being undertaken by the supposed software.

What is obvious is that Coinstic is interested in getting investment deposits from investors so we had to run a background check on this company to make sure that it is not just another scammer behind the site who would take people’s money and move out of sight or even take down the site.

Who is Behind Coinstic?

One important question to ask before investing in any project or site is the reputation of the people behind it. In the case of Coinstic, there is no indication of the so-called founder, neither is there a proof that this is a legitimate company.

Also, most people in the crypto community have not heard of this company, neither is there even a proof that it is authorized to render any form of financial service by the authorizing the UK, the country where the site claims the firm is operating from.

This is rather suspicious because from our experience, 100% of businesses that solicit for investor fund offering them high hopes through massive profits end up scamming them.

Even though some of these companies pay the participants a few times, they almost always end up exit scams because their primary interest is the funds because their business models do not have the capacity to pay what they promised as profit to all the investors.

This is why the only safe financial investments online are those that are properly regulated by the appropriate regulating agencies. This is to make sure that the funds entrusted to the company by the investors are not diverted to personal use.

What is the History of Coinstic?

A Whois search shows that the domain was registered on October 28, 2020 for just one year. This may be that the outlook of the company isn’t long-term or that they are just new in the service and still trying to build an online reputation.

In any case, coin arbitrage services are hardly mainstream in the crypto industry. They also are not known to solicit for investment since it has not been proven as a reliable source to build a portfolio around.

A Shady Company

This is why we do not recommend Coinstic. The fact that everything about this company is shady is the main reason why no investor should put money in this business.

Remember that when a financial service is not regulated, the chances of making losses are high. The more regulated a business is, the greater possibility that you will not be scammed of your hard earned digital assets.

Would Wall Street Take Coinstic Seriously?

This is why institutional investors are the ideal investors to copy. Would a reputable investor invest with Coinstic with its shady background considering that no information about the company behind this arbitrage could be found on the site?

What we saw with Coinstic are at best unsubstantiated claims that they are buying and selling digital currencies even though there is no evidence they’re doing anything at all.

Furthermore, what they have is a very new site which is a proof that the entity behind it is not experienced in their line of business if you assume that they started when the site was launched.

If You Have Doubt, Don’t Invest

Finally, we recommend that investors stick with sites that have provable testimonies from users because they have rendered reliable services for years to the community.

Such sites usually have relevant government authorities regulating them, so your funds are safe.

Our Recommendation

If you’re serious about investing your cryptocurrencies, check our recommendation where you can be sure your funds are safe and that you’ll make profit copying experts.

On a final note, although we are not certain that Coinstic is a scam site, it is not a reliable one. If you’ve had experience with Coinstic, please share it with us in the comment box below.

Beware of These Top 5 Bitcoin Scams

The value of bitcoins goes up, and then it comes back down. The press is all over the story. Pundits and market watchers all have their opinion and voice it loudly across the airwaves and the Internet.

Bitcoin has taken us all on quite a rollercoaster ride. Only time will tell whether this cryptocurrency, which has been controversial since its introduction in 2008, will continue booming or if the bubble will burst and prompt more people to short-sell Bitcoin.

One thing is certain: Bitcoin’s meteoric rise has attracted a lot of attention. People may not understand the technology or philosophy behind Bitcoin, but they do see stories of early adopters and savvy investors who turned a few thousand bucks into millions when Bitcoin’s value increased.

And they want to be one of them.

Unfortunately, that puts them in a position—along with veteran investors—to be victims of opportunistic con artists and hackers who perpetrate Bitcoin scams. One of the benefits of cryptocurrency is that it’s unregulated by the government and very private. But that also makes it ripe for fraud.

Let’s check out the top five Bitcoin scams you need to look out for:

Bitcoin Scam 1: Fake Bitcoin Exchanges

In 2020, South Korean financial authorities and the local Bitcoin community exposed one of the most insidious Bitcoin scams: a fake exchange called BitKRX. It presented itself as part of the largest trading platform in the country and took people’s money. To avoid this, you should stick with popular, well-known Bitcoin exchanges and Bitcoin forums so you get news of fakes quickly.

Bitcoin Scam 2: Ponzi Schemes

Bernie Madoff is perhaps the most well-known Ponzi schemer. He did it with mainstream investments. But the principle of a pyramid scheme, in which you take money from new investors to pay previous investors, can be applied to Bitcoin scams. MiningMax, one such scheme, brought in $200 million before 14 fraudsters were arrested. As you can imagine, the investors never got any returns on their Bitcoin investments.

Bitcoin Scam 3: Fake Cryptocurrencies

A common scam is to present a new cryptocurrency as an alternative to Bitcoin. The idea is that it’s too late to cash in on Bitcoin and that you need to invest in one of these up-and-coming cryptocurrencies. My Big Coin was shut down for this reason. The fraudsters behind My Big Coin took $6 million from customers to invest in the fake cryptocurrency and then redirected the funds into their personal bank accounts.

Bitcoin Scam 4: Old School Scams

If somebody emailed or called and said they were from the IRS and that you owed back taxes that had to be paid immediately, would you send them money? Many people do. Instead of having the victim wire money via Western Union or transfer funds to a bank account, con artists are contacting victims and demanding that victims transfer bitcoins. The best way to avoid this scam is to be skeptical of phone calls or emails that say they’re from a government agency. Legitimate authorities wouldn’t contact you that way, and they won’t ask for bitcoins.

Bitcoin Scam 5: Malware

Malware has long been a way for hackers to get passwords needed to access computer networks or steal credit card and bank account numbers. Now they’re using it to conduct another one of the most common Bitcoin scams. If your Bitcoin wallet is connected to the Internet, they can use malware to get access and drain your funds if you’re not protecting yourself from malware.

You can download malware by clicking links in your email. You can also download it from websites and social media. There might be a post, for example, where someone claims a certain program allows you to mine bitcoins for free. Download it, and you get malware.

When in Doubt, Verify

If you’re not sure of a website or email’s legitimacy, contact the company involved directly. If you can’t find the company’s contact information easily on social media or on its website, that’s a red flag.

Don’t Fall Victim to Bitcoin Scams

Bitcoin is a volatile enough investment as it is. Don’t increase your chances of losing money by falling prey to these Bitcoin scams. Stay alert for potential fraudsters and trust your instincts. If something seems too good to be true, it probably is.

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