COINS PH Review: Recover Your Funds

Site URL: https://coinsph.com/

Review:

COINS.ph is a cryptocurrency exchange and wallet platform that has been making waves in the online community, but not for the right reasons. Unfortunately, this website has been flagged as a potential scam, and we’re here to dive into the details and warn you about the risks involved.

Introduction:

COINS.ph was founded in 2014 and is headquartered in the Philippines. The platform claims to offer a range of services, including buying, selling, and storing cryptocurrencies, as well as a mobile wallet and payment solutions. However, numerous reports and reviews from users have raised serious concerns about the platform’s legitimacy and trustworthiness.

Red Flags:

1. Lack of transparency: The website lacks clear information about its leadership team, regulatory compliance, and security measures. This lack of transparency is a major red flag, as it suggests that the platform may be hiding something from its users.
2. Poor customer support: Many users have reported difficulties in getting assistance from COINS.ph’s customer support team. This can be frustrating and worrisome, especially when dealing with financial transactions.
3. Withdrawal issues: Several users have complained about difficulties in withdrawing their funds from the platform. This is a serious issue, as it suggests that COINS.ph may be withholding or freezing user assets without justification.
4. Security concerns: There have been reports of hacking incidents and phishing attacks targeting COINS.ph users. This raises serious concerns about the platform’s security measures and its ability to protect user funds.

Scam Allegations:

COINS.ph has been accused of being a scam website by numerous users and review platforms. Some of the allegations include:

1. Unauthorized transactions: Users have reported finding unauthorized transactions on their accounts, with some claiming that the platform has deducted funds without their consent.
2. Frozen accounts: Some users have reported that their accounts have been frozen or suspended without explanation, leaving them unable to access their funds.
3. Lack of refunds: Users who have tried to withdraw their funds have reported difficulties in getting refunds, with some claiming that the platform has withheld their money without justification.

Conclusion:

Based on the numerous red flags and scam allegations, we strongly advise against using COINS.ph. The platform’s lack of transparency, poor customer support, and security concerns make it a high-risk destination for your funds. If you’re looking for a reliable and trustworthy cryptocurrency exchange or wallet platform, it’s best to explore other options.

Recovery Options:

If you’ve lost funds to COINS.ph or are having difficulties withdrawing your assets, there are several steps you can take to recover your funds:

1. Contact customer support: Reach out to COINS.ph’s customer support team and request assistance with withdrawing your funds.
2. File a complaint: File a complaint with the relevant regulatory authorities, such as the Philippine Securities and Exchange Commission or the Financial Intelligence Unit.
3. Seek professional help: Consider seeking the assistance of a professional recovery service or a lawyer specializing in cryptocurrency disputes.

Rating: 1/5

Recommendation: Avoid using COINS.ph and explore other reputable cryptocurrency exchange and wallet platforms.

Note: This review is based on publicly available information and user reports. It’s essential to do your own research and exercise caution when dealing with any online platform, especially those involving financial transactions.