CoinBits 

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Company details

  1. Cryptocurrency Service
  2. Investment Service

Information provided by various external sources

Official feed of the CoinBits news service.


Contact info

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

SCAM

SCAM. It is astonishing how they are still running!?! I know they have been reported several times to the financial crime authorities - makes you wonder who really is behind such a scandalous deceiving scheme!

March 27, 2021
Unprompted review
Rated 1 out of 5 stars

CoinBits is not a legitimate company-…

CoinBits is not a legitimate company- they are pure scammers. I cannot believe this is still going on. - In July 2019 i 'invested' £21,000 GBP with them and they just took it- they are fraudsters.. do not be fooled by them they are extremely experienced criminals. They still even have a facebook page despite me reporting them almost 2 years ago... it is bizarre how easy it is for scammers these days.. no one actually investigates (such as Action Fraud, the police etc) as it is too hard to track them down

March 26, 2021
Unprompted review
Rated 1 out of 5 stars

SCAM and potentially illegal activity

SCAM! I have complained to their support many times about honoring the fact that I canceled my account. Each person I talked to acted like they didn’t know I already documented a complaint. They still kept pulling money out of my account. Said they would reimburse and did not. This was months ago and now at like 1:30am I get an email says there was an “error” as they tried to connect my bank account “press this button to fix” at this point I may need to take legal action.

February 2, 2021
Unprompted review
Rated 1 out of 5 stars

DO NOT TRUST THEM!

I'm ashamed to say I gave these guys five stars last year as it all seemed good then, but after investing over £100,000 with them they simply stopped paying dividends and have wiped out my account completely. they are very clever, playing a long game but DO NOT get sucked in. There is an investigation on going by the Financial Conduct Authority, Action Fraud - Police UK and the National Fruad Investigation Bureau. I just hope there is some justice out there!

September 17, 2020
Unprompted review
Rated 1 out of 5 stars

It's A Scam!

As someone else has said, I have only given them one star because it's not possible to give them none! This is a complete scam. Once you have been sucked in they bombard you with calls to try and get you to invest more and more money, to the point of telling you that your account is in trouble and that you need to invest more so that they can keep on trading for you. At first you get sent some small profits, but that soon stops; then when you get fed up and inform them that you want to close your account and withdraw your investment (despite what they tell you to the contrary when you first sign-up) they direct you to their terms and conditions that state you can only do so once the trading profits have reached twenty five times your original investment (i.e. never)! I informed them that I didn't accept that and wished to arbitrate (as per their T's & C's), at which point they opened several new trades (without authority) that immediately went into loss and which I expressly told them in writing that I would close once they were in profit and to do nothing more on my account. They completely ignored that instruction and closed them at a significant loss, thereby wiping out all my equity. They are con' men pure and simple and cannot be trusted. If you ignore this warning you I guarantee that you will live to regret it. Thankfully, I have emails that prove what my instructions were so I hope to get my losses back (eventually), but note that they never commit anything to writing themselves and only want to deal via phone calls, the content of which that they can later deny.

September 8, 2020
Unprompted review
Rated 2 out of 5 stars

Head|er for more detai|s

I have a USD/BTC contract with them. After 2 months I can't withdraw. Withdrawal has been in "pending" ever since. So this "pending withdraw" is actually "blocking" my account and preventing me from trading. Run away from here. No contract is great for you here you can only get scammed. I probably thought that I lost all my savings and profits but I got rescued by a super R|ecovery advisory for more details about this please check my head|er . That's all I can advise, PLEASE BE CAREFUL !!!!

July 7, 2020
Unprompted review
Rated 1 out of 5 stars

They are scammers!

They are scammers!! They are unregistered brokers operating in the UK! The FCA has placed an advert against them. They put up an ad on social media platforms, about people in the UK ( celebrities) making millions of pounds in the UK through cryptocurrency, out of curiosity and my foolishness ( I fell for the advert and started my investment with $250. That was it!!! I got bombarded with calls pressurising me to invest more! I invested a total of $4000. However, learnt the crypto trade and made $7,500, which they confiscated when I wanted to withdraw some of the profit I made. Kevin Banks is a guy I dealt with, he has an American accent ( beware of him)! !! He is a gifted con artist! They are a bunch of rogues and miscreants. Beware of them, please............................................

Finally, Mr Kevin Banks, thank you for teaching me how to trade in cryptocurrency!!! You and your nefarious company tried to con me but in the process, you taught me a valued skill how to trade-in crypto. I am now trading with a registered company and doing very well!!! The long hands of the law will soon catch up with you!!!

June 14, 2020
Unprompted review
Rated 1 out of 5 stars

BOGUS ADVERTISING FOR BIT-COIN TRADING

Do not be fooled by adverts using celebrities to push investments in Bit-Coin. One of the most published, uses “Gordon Ramsey” the well known Michelin starred chef, claiming to have purchased a £2,000,000 Ferrari using funds from trading Bit-Coins.

Another advert being pushed at the moment is to invest ahead of “Halving” taking place! Halving is where the number of Bit-Coins available are halved, allegedly resulting in a price increase. I'm not disputing this will happen, but remember it's just a ploy to obtain your money. Which will just disappear.

These adverts which appear on reputedly honest web sites are completely bogus. They are placed by non-regulated firms on the Web, having no physical address. Resulting with no come back and no way of getting your money returned. I know, I was duped this way using the Ramsey advert.

May 18, 2020
Unprompted review
Rated 1 out of 5 stars

COIN-BITS ARE SCAMMERS

COIN-BITS ARE SCAMMERS. I’ve only given them one star so that I could write a review but they deserve no stars…..Once you invest your money with them, you can kiss goodbye to it. They give you a wonderful cock and bull story that it is the best thing you have every done. They tell you that you can withdraw your investment anytime you want. They promise to set up a monthly payment to you from your profits but they don’t. You don’t have any control in withdrawing your own money. When you request to withdraw money from your trading platform account which they set up for you, they don’t respond to it. What ever amount of money you invest with them, they give you more cock and bull story that your account is too small to trade and bombard you with calls to push you to invest more. Once they clock that you are getting wise to their scamming, they get very aggressive. When you stop responding to them, they trade with your account for you to lose money. They access your account even when you change the password, so the phoney account that they set up for you has no security what so ever. If you ask them to close your account, they say you have to invest more money before you can close the account. They will not allow you to withdraw your investment and close your account. If you don’t play ball with them, they freeze your account.

If you read any good reviews about coin-bits it’s all lies. I wouldn’t put it pass them to make up good reviews and post them themselves. Coinbits.com and coinbits.co are the scammers. So PLEASE PLEASE don’t invest your money with them…You have been warned.

May 15, 2020
Unprompted review
Rated 2 out of 5 stars

'm actually here to review three things

'm actually here to review three things
Firstly , All the reviews I've seen on here are about 92% Poor why does trustpilot still have coinbits has an Excellent reviewed Company.

Secondly,This is in response to a review on here about @agentminjin
(telegram) he's definitely a go to guy got his contact through a review that was posted here as I've contacted a lot others but his service is top notch and the efficiency is master class

Final, Just to hit the nail on the head coinbits is a SCAM and a bloody arena as one of the reviewers on here stated.

May 2, 2020
Unprompted review
Rated 1 out of 5 stars

They changed there website from com

They changed there website from com. to co.
Don't be fooled it's the same group of people trying to scam you. You can get in but get your out. They'll take your money but, won't give you back. They'll tell you how much you can make infact it pennies, unless you keep plowing more in.
So, the objections to this is. Don't do it. Don't be tempted, Don't be sucked in, Don't listen to what sounds possible.
Nothing comes in the way it's been presented or mentioned.

February 12, 2020
Unprompted review
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