In our CoinBot review we provide proofs about this fraudulent investment platform that is after your savings.
What is CoinBot
According to its official website, CoinBot is a financial company engaged in investment activities. It supposedly uses AI arbitrage technology to generate high returns on investments.
The company is not saying which assets it is investing in, but there are five investment plans with daily returns going from 1.5 to 6%. The minimum investment being 30 USD for the lowest plan and 5001 USD for the highest plan.
Coinbot says it is a legal company that is authorized to provide investment services. But is it true, is Coinbot legit? No, it is no, it is a plain scam.
Coinbot scam
As we have already revealed in the title of this CoinBot review, this platform is a scam. There is no real company behind it, let alone authorized to offer investment services.
Fake company
CoinBot says that is a legal company, and on its official website it provides a New York address. Which means that it has to be registered in the United States.
But there is no CoinBot company registered in New York. So that’s the first lie that is a proof of scam.
What is even more important, is that CoinBot is not authorized to provide any kind of financial services in the United States.
This shows that it is a fake company, it is not authorized. It is lying on its website, therefore it is a scam.
It’s in the plans
In our review we try to teach people how to spot a scam within a few seconds. All you have to do is to look at the investment plans and the promised returns.
This approach is perfectly valid with Coinbot. 1.5% daily returns on investment is already way too high for any legit business, let alone 6% per day.
These numbers simply are not realistic for any investment firm, only scams promise such impossible returns. You might not like it, but that is the way it is, nobody is able to generate such returns in a legitimate way.
Whenever you see an offer with 1% daily returns or greater, you can be absolutely sure that it is a scam.
How the CoinBot scam works
CoinBot is not a real company and it is not a real investment platform. All it does is gathering money from people.
It is perfectly possible that Coinbot will be paying some members in the early days to gain trust and attract even more people. But that would be just a Ponzi scheme that is using deposits to pay profits without any legit activity in between.
With returns this high, it is clear that Coinbot can’t last for long. If it has not already crashed by the time you read this review, it will last weeks, a few months maximum.
All the deposits have to be made in cryptocurrencies, which means that when people realize it is a scam, they won’t be able to get anything back. Because crypto transactions are irreversible.
The best thing you can do is stay away from Coinbot because it is a scam that is sure to collapse.
Coinbot review – Conclusion
Coinbot is a scam run by a fake company that is not authorized. It is not based in New York, it is an illegal operation.
Earning 1% daily in a passive way like Coinbot is promising, is just impossible. All investment offers with returns that high are scams that you should avoid.
