Published on April 24th, 2020 | by Sara Kane0
Coinsource Investment review: A legitimate startup or fake site?
Coinsource investment is an investment platform that deals in bitcoin and other cryptocurrencies. They claim to have a system that generated automated profits every hour. If these claims were true, you could become rich overnight. Coinsource Investment will provide you a bitcoin wallet where you could make investments and get profits.
Although the hourly profit narrative seems unreal, it still pays to have a deeper look to find out whether this company is an actual investment firm or simply a fake program. Coinsource Investment claims to be perfect for new investors who know nothing about cryptocurrencies as the site will take care of all the profits for you. They do not specify exactly how they will do this as they apparently trade in cryptocurrencies. However, should still be careful when dealing with them as they have only been in operation for a few months. This means that they have not yet been tested in the market as yet.
Before investing in any such site, you should perform the right background checks to make sure that your money is going in the right hands. This means checking the company’s registration details and contact details, etc. Coinsource Investment has provided enough information to show that they are registered.
They have even provided a registration number- #10890123. However, the link to the registration document appears to be missing. You could get in touch with them through email or phone as well. The site’s phone number is +1(310) 442-0102. Their email address is [email protected]. Although they have provided a physical address in the UK, there is no evidence to show that they are actually operating there.
Another issue is that they are not registered in the financial service category, so they are basically operating illegally in some countries. Before considering whether to invest in this company or not, you should verify whether the contact details are still working, as these can be changed at will.
Coinsource Investment Review
One of the major benefits of having an investment company manage your crypto investments is that you can automate the entire process and do not have to spend extra time analyzing the markets. Coinsource Investment will offer you many different investment plans which are based on bitcoin investments.
You could invest anywhere between 0.01 and 10 bitcoin, and you could expect hourly profits. They claim that you could make profits of up to 6% per hour, which is simply too high for any legitimate investment. They also fail to calculate the profit for their higher plans, which seems a bit suspicious.
Assuming that the aim of Coinsource Investment is to achieve their claims of hourly profits, they will have to have a solid strategy to back it up. No investors will invest in a company that does not disclose their trading details. Unfortunately, Coinsource Investments do not show their exact trading strategy, even though they refer to crypto trading and possibly crypto mining.
However, crypto trading cannot provide a fixed return rate, and you may have trouble getting consistent profits. Besides, it is a risky trading strategy. Crypto mining, on the other hand, does provide a consistent return, but they are not as high as advertised. Either way, this site does not disclose their actual trading strategy.
- Company: Coinsource investments
- Product: Cryptocurrency investment plans
- Minimum investment: 0.01 BTC
- Strategy: Unclear
- Trading results: Unknown
- Customer Feedback: None
Coinsource Investment has actually achieved a level of trading results to confirm that they are producing profits. However, this could be the other way around as well, as they have only procured small profits. No customer who had invested in the higher plans has claimed profit according to their claims, so the site is quite untested in this area.
Unfortunately, many sites use an initial investment to pay out minimal daily profits and make away with the larger amount in the long run. Before considering whether to invest in Coinsource Investments, you should consider this fat that they haven’t been able to produce any significant trading results so far.
Due to the fact that Coinsource Investment is relatively new to the online market, they have not yet received many original customer reviews. However, a few notable review sites have claimed that their service appears to be questionable or shady and they seem to have no real investment plan. Judging from their seemingly impossible profit claims, this could even be true.
Many investment sites have popped up online offering superior investment plans with consistent returns, however, not all these sites are legitimate. Coinsource Investment is a site that deals with crypto investments. Although they claim to deliver profits every hour, they cannot prove this with a reliable trading strategy or trading results. A major red flag is that they are not registered to provide financial services, so they are completely unregulated as well.
If you have had any experience with this company, we would love to hear from you. So, share with us in the comments section below.
Minimum Investment: 0.01 BTC
- This company promises a profit return of 6% per hour
- Their automated system allegedly generates profit for newbie traders without any hassle
- This company has not shared sufficient information related to their strategy at all
- The trade results are not verified yet
- The company has controversial and few client testimonials
- They appear to lack registeration to offer financial services at all
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