Warning: Is Coinvace a Scam?

Investigation: Coinvace (coinvace.com)

Coinvace (coinvace.com) has been flagged as a probable fraud operation.

We found that it is located at 76 Commercial St, Edinburgh, Midlothian, UNITED KINGDOM, EH6 6LX, and the support email is support@coinvace.com.

Coinvace claims to be a investment firm, but it appears unlicensed by any major authority.

Money Stuck in Coinvace?

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Regulatory Check: Coinvace

Coinvace operates without regulation.

Trading with unregulated entities is extremely unsafe. Trusted firms are always licensed with agencies like the FCA, CySEC, or CFTC to protect investors.

Coinvace lacks this supervision. This means there is no safety net if they steal your funds. Many online scams use unlicensed entities, and getting back funds from them is challenging without expert assistance.

For instance, in the UK, unauthorized firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of SIPC, meaning your capital is completely exposed.

Common Scam Tactics

Investment fraud is evolving. Fraudsters use psychological tricks to steal your savings. Here are common methods seen in sites similar to Coinvace (coinvace.com).

Dating App Scams

"Pig Butchering" is a cruel method where scammers build trust over weeks. They fake a romance on social media. Eventually, they mention a special crypto opportunity. It is a lie to get you onto a scam site like Coinvace.

Fake Trading Dashboards

Fraudsters create websites that mimic real trading apps. You see graphs and profits that increase. But it is a fake. The broker manipulates the prices to make you feel rich so you invest more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Cold Calling: You get calls from "brokers" out of the blue.
• Unregulated: The firm lacks legal registration.
• Guaranteed Profits: They promise 1% daily returns with no risk.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" first.
• Pressure Tactics: Agents pressure you to deposit more.

Ignore positive ratings. Fraudulent brokers frequently post their own positive reviews to appear real.

Verdict

Our verdict is to block Coinvace. It is likely a scam. Protect your money and find a regulated broker. Avoid coinvace.com at all costs.