February 15, 2024
Coinnodetrades

Beware Of Coinnodetrades.com: It Is A Scam Investment Platform!

Have you heard of Coinnodetrades Crypto Investment and want to invest? Have you being approached by a Chinese asking you to invest and also luring you with Giveaways? Do you want to know if it is scam or legit? Read this review to find out more about Coinnodetrades and why you should avoid this scam Crypto Investment platform.

What is Coinnodetrades?

Coin Node Trades located at Coinnodetrades.com is a scam Crypto Investment Platform that claims to trade Crypto and also offering high Return On Investments. It claims that it was created for people interested in crypto markets but had little knowledge about trading or how cryptocurrency works.

According to the website it claims to offer  extensive support and learning provided including daily webinars, trading signals, world class training programme and also funded accounts means you cannot fail to achieve your financial goals.

However this Coinnodetrades is a scam, it is just among the chain of scam crypto trading websites created by scammers to defraud innocent investors. What the scammers do is create a whole lot of websites, same style, but different names. The websites share same designs, same About Us and Same Contact Us info. There are tons of these same network of scam Crypto Investment Platform and they include: Dovletex, Teratrades, Belenex.

The people behind these scams simply keep on launching new “systems” and “apps” under new names like Dotxbep, Dotxswap an attempt to escape the negative reviews so that they can continue tricking people into joining.

There is no doubt that that Coinnodetrades is a scam as several people have left some negative reviews online calling it for what it is, A SCAM.

Some investors had this to say:

They purport to be an investment platform which trades for people who invest money work them. What they really do is take your money and deny you access to your back office so that you cannot withdraw your funds or so called profit which they have credited there. When you want to withdraw they tell you you have to pay thousands into the account before you can withdraw anything then when you add the money they do not allow you access to your funds or your profits.

Mark

How The Coinnodetrades.com Scam Works:

  • They drive Traffic to the website through Referral links and social media
  • Scammers also create multiple accounts using AI Generated Images, these fake accounts are then used to share unique referral codes and links directing to the Coinnodetrades site so as to widely distribute reach.
  • At the initial stage they lure you with with fake promises of high returns and low risks, giveaways.
  • Then you are asked to provide your personal and financial information.
  • You are then asked to deposit a minimum amount of money (usually $250) so you can start trading.
  • When it is time to withdraw your funds, they come up with various excuses, often times you are asked to pay tax which is way higher than your initial deposit, when you do, you still cannot withdraw your money, you’ve been scammed.

4 Reasons Why Should Avoid Coinnodetrades.com

  • The website is not regulated by any regulating body as such the people behind it can do away with your money at any given time.
  • They offer high fees and commissions.
  • There is not enough information on the website.
  • When it is time to withdraw, they come with so many excuses and at the end you cannot withdraw and end up loosing your money.
  • They steal private and sensitive information.

People At Risk Of Being Defrauded By Coinnodetrades.com

These include:

  • Crypto Investors
  • Social Media Users
  • People looking for Crypto Airdrops.

How To Identify Similar Crypto Scam Investment Platforms Like Coinnodetrades

These are the simple steps or ways to identify other similar Scam crypto Investment Platforms:

  • Zero Or Minimal Contact Information
  • They offer so many enticing offers that are too good to be true, and as the saying is, If anything is too good to be true then it is.
  • There are no regulations or license information given on the website.
  • There are also fake Celebrity endorsements, most common of all is using Elon Musk’s picture with claims that he endorsed the site. These and many more are the red flags one should be wary of before investing.

What To Do To If You Have Fallen Victim Of The Coinnodetrades Crypto Scam

If you have invested with Coinnodetrades and have been defrauded, these are the steps to take to protect yourself or try to retrieve lost money however hard this might be:

  • If you have fallen victim, it is advised that you cease every form of communication with these scammers, as any other communication might lead to tem asking for another money with promises of releasing held funds.
  • Try to contact your bank to see if they can reverse the money sent.
  • Change your crypto wallet address and password to avoid any form of security breach attempt or hack.
  • Report the scam to the necessary authorities. Example of such authorities are, FTC, CFTC, IC3.
  • Make sure you have enough evidence with you, evidence of every interaction, communication and transactions.
  • Before you invest make sure you make some research about that Investment Platform.

Conclusion

From the foregoing, it is clear that Coinnodetrades Trading is a scam just like Dotxbep which we reviewed earlier, Investors should be wary of such sites as their aims are to rip off unsuspecting investors.

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Julie

Julie is a writer at PlanetOfReviews where she writes about various scam related topics and how to avoid falling a victim of such scams. Her hobbies includes surfing the net, reading novels and binging on horror movies.

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