The Coin Bit Trade platform is being used to scam would-be investors out of their funds by claiming to offer crypto trading products.
Although the platform initially looks genuine, delve a bit deeper and you’ll find many red flags which reveal it to be a scam.
Just a few of the issues are:
- At the time of writing the domain name was very new. Scammers set up dozens of cookie cutter websites each week which are used for a short period before being discarded.
- The Coin Bit Trade platform lacks any of the pages you’d expect on a legitimate site, such as company and team information and licensing details.
- There are no apps or social media channels connected with the platform, nor are there any reviews.
- There are several clearly fake testimonials on the site where the photos used are AI generated.
- There are several warnings about this platform operating fraudulently on advisory platforms.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.