Have you heard of Coinformat Trading? Have you being approached by someone on Discord or Telegram saying you won a Bitcoin giveaway? Do you want to know if it is scam or legit? Read this review to find out more about Coinformat
What is Coinformat
Coinformat located at Coinformat.com is a scam website that claims to trade Crypto. 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 safe storage to manage digital assets using a combination of cold wallets & Multi-party computation (MPC) technology, it also use the latest technologies to keep funds safe, and stay ahead of vulnerabilities and exploitation attempts.
The app claims to have been built around a proven-formula for winning trades & that all you need to do to begin profiting is simply make a deposit & then activate it.
However this Coinformat is a scam, when it is time to withdraw on your earnings they ask you to deposit $10k before you can withdraw. This is a huge scam.
The people behind these scams simply keep on launching new “systems” and “apps” under new names like Dotxbep, Dotxdex in an attempt to escape the negative reviews so that they can continue tricking people into joining.
There is no doubt that that Dotxbank is a scam as several people have left some negative reviews online calling it for what it is, A SCAM.
Contacted me via discord and said i won 24k worth of bitcoin, website looks professional but when i tried to withdraw the coin to my trust wallet they said that i have to make a deposit of about 500€ in crypto currency to withdraw, have not done it because i could not find anything legit or scam related review on the internet
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Conclusion
From the foregoing, it is clear that Coinformat Trading is a scam just like Dotxbep and Dotxcap which we reviewed earlier, Investors should be wary of such sites as their aims are to rip off unsuspecting investors.
