Coinshedge presents itself as a crypto trading platform but is in fact a scam website being operated by fraudsters.
‘Investors’ are directed to the platform by people who’ve they’ve met online who’ve gone on to encourage them to invest in a get rich quick scheme.
Victims are told they can secure large returns in a short space of time by investing on Coinshedge.
However, once they’ve deposited a significant sum and seen the ‘profits’ accrue their accounts will be blocked if they try to withdraw their cash.
The scammers then demand large fees to unlock the victim’s account, but this money will be stolen as well.
How to tell that Coinshedge is a scam
There are lots of red flags which immediately point to the Coinshedge platform being a scam.
They include:
- A very simplistic cookie-cutter design with very few internal pages.
- A Domain Authority (DA) ranking of 1, the lowest possible.
- No regulatory or licensing information that you’d expect from a legitimate platform.
- No social media channels or app store applications.
- Spelling and grammatical errors throughout the content.
- No suggestion of where the platform is based or who runs it.
- No indication of how any profits are achieved after investing.
- Multiple reports to PawProfitForum Team about this site being a scam.
There are certain things you can do the moment you realise you’ve been scammed.
Firstly, you should note down all the details of any transactions you’ve made and pass the information on to the police and the scam authorities in your country.
There are also private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.