Warning: Is CoinRivals a Scam?

Review: CoinRivals (coinrivals.com)

We audited CoinRivals (coinrivals.com) and uncovered concerning facts.

CoinRivals presents itself as a financial firm, but it appears currently illegal by any credible authority, like the ASIC or CySEC.

Have You Lost Funds to CoinRivals?

If you think you were defrauded by CoinRivals, act now. Submit the inquiry below to consult our cyber-forensics team for a no-obligation case evaluation.

Is CoinRivals Legit?

CoinRivals runs without supervision.

Investing with unlicensed entities is highly dangerous. Legitimate firms are must be registered with bodies like the FCA, CySEC, or CFTC to ensure consumer safety.

CoinRivals operates without this supervision. This means there is no safety net if they withhold your money. Many investment fraud use unlicensed actors, and getting back money from them is difficult without expert assistance.

For instance, in Europe, unauthorized firms are not covered by the compensation schemes. In the US, they are not part of SIPC, meaning your money is at risk.

How They Steal Money

Investment fraud is evolving. Fraudsters use manipulation to steal your savings. Here are common tactics used by brokers like CoinRivals (coinrivals.com).

The "Romance" Trap

"Pig Butchering" is a common method where scammers build trust over months. They fake a romance on social media. Once trust is built, they mention a "lucrative" crypto opportunity. It's a trap to lure you onto a scam site like CoinRivals.

The "Bonus" Trap

Fraudsters create websites that mimic real trading apps. They have charts and profits that go up. But it is a fake. The scammer controls the numbers to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Unsolicited Contact: You get calls from "brokers" out of the blue.
• Unregulated: The company lacks authorization.
• High Returns: They guarantee huge profits with no risk.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to deposit more.

Do not trust fake reviews. Scammers frequently write their own 5-star reviews to look legitimate.

Verdict

We do not recommend CoinRivals. It appears to be a fraud. Protect your money and find a licensed broker. Avoid coinrivals.com at all costs.