Coinsip.com: Scam or Reliable Exchange?

Coinsip presents itself as a cryptocurrency exchange with operations dating back to 2017. However, the facts tell a different story. Fake history, offshore registration, and lack of licensing raise serious doubts about its credibility.

License

Coinsip claims to be registered in Panama. However, a search in Panamanian company registries reveals no information about this exchange. Even if the registration exists, Panama is an offshore jurisdiction where companies are not strictly monitored. This makes it a haven for fraudsters who use such setups to launder stolen funds.

Coinsip has no license to operate as a cryptocurrency exchange. It is not regulated in Panama or in other countries where crypto markets are governed by laws. This means that Coinsip operates illegally, leaving its users without any legal recourse in case of disputes.

Coinsip advertises a wide range of cryptocurrencies and easy withdrawals. However, no evidence is provided to back up these claims.

The company states that it has been operating since 2017, but this can be easily disproven using the Web Archive. The domain coinsip.com was registered in 2017 but remained dormant until autumn 2024. The current owners only recently launched the exchange and are misleading users by claiming an earlier start date.

Reviews of Coinsip began appearing only in 2024, and most of them seem fake. Fraudsters often use fabricated testimonials to build a positive image. This is a common tactic among platforms that aim to deceive investors.

Conclusion: Coinsip.com is a Scam

A thorough review of Coinsip reveals that it is a classic example of a fraudulent operation. False claims about its history, lack of licensing, and offshore registration make it a highly unsafe choice for investors.

Coinsip uses standard methods to deceive its customers: fake reviews, fabricated launch dates, and promises of high returns. Beneath these lies a scheme designed to steal your money.

For anyone looking for a trustworthy cryptocurrency exchange, Coinsip is not only a poor choice but a dangerous one. Avoid this platform to protect your investments.