Trade-Coins.co

[665jmolina]

Hello, I need help to verify if a company is not a SCAM, company name is Trade-Coins.co or Trade Coins LTD

[LeGaulois]

It's a scam, offering unrealistic investment plans, typical from an HYIP https://en.wikipedia.org/wiki/High-yield_investment_program

Online for 15 years (wow, before Bitcoin exists) but the domain name was created 6 months ago (see here). They don't provide mining services and have no kind of federal deposit insurance. They use money from people who have recently joined the programme to pay the former ones. It is only a matter of time before the system collapses. Looking at the ROI, I would say that after a month the site will stop paying.

You can for sure avoid this Ponzi scheme or you may lose your money.

...

I did, but it still doesn't help the user, so I told him the truth, it's the most important thing here

[Karartma1]

snip

Don't post, just report it Like I did
Wrong board anyway

[JeromeTash]

SCAM
OP, few of your mottos as a newbie in this sea are;
- "If it looks like a ponzi scheme, sounds like a ponzi scheme then it's scam"
- "If the deal is too good to be true, it's probably scam"

Nobody is going to make you such returns in such a short period. If they were able to make such returns with their "methods" then they wouldn't bother asking you to send the money.

Don't post, just report it Like I did

@LeGaulois' post helps other people who try to search and read about the website before sending them money in away

[Karartma1]

I know this got moved from the press section after it was correctly reported. I believe users, especially newbies, should learn how the forum works before posting. Every thread has its own section and if we all stick to the rules there's no need it to report other people's posts.

Regarding the website, it's an outright scam. Confirmed

[665jmolina]

Thanks everyone for your replies, I invested a small amount and now after the "Profit"  I requested a withdrawal and they are asking me to pay a trade fee so they can process the withdrawal

[LeGaulois]

Thanks everyone for your replies, I invested a small amount and now after the "Profit"  I requested a withdrawal and they are asking me to pay a trade fee so they can process the withdrawal

Do not pay anything is they request to send more money, they're just trying to scam you more. The next time they may give you another excuse to not pay you.

From the FAQ, it clearly says basically there is no fees to the withdrawals

Do you charge any fees from withdrawals?
No, we don't charge any fees.
Some payment processors charge some fees.

Do you have any hidden fees?
No, we don't have any hidden fees.

If the fee is deducted from the earnings, then request a withdrawal hoping you receive something, but never touch this site again and you could considered yourself lucky to have not lost money.

[Slow death]

Thanks everyone for your replies, I invested a small amount and now after the "Profit"  I requested a withdrawal and they are asking me to pay a trade fee so they can process the withdrawal

Is it strange or maybe I should say: should it be conscience? because last year someone came to this section to complain about this site: TradeCoins.com (scam site that is offline)

do not pay him after he made a deposit and made a profit, here's the post:

https://bitcointalk.org/index.php?topic=5165657.0

OP, I have this question:

where did you find this site?

[logfiles]

OP, I have this question:

where did you find this site?

Just like how people fall for all ponzi schemes out there. They are so lazy therefore when they see such offers like "hey, send us $1000, we shall make for you 200% in 40 days" They just send the money to them without thinking twice.

It could be through the funny referral links they find in social media groups or HYIP forums