In this review, we will describe why CoverCoin is a scam that you should avoid at all cost !
Is CoverCoin Legit?
CoverCoin is an unregulated Investment Company. Problem with unregulated Investment Companies is that they are not reliable and abuse the regulations. Make sure to stay away from this Investment Company as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known Investment Company, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why CoverCoin is a dangerous Investment Company to deal with.
Are Funds Safe with CoverCoin ?
With such lack of information and CoverCoin being unregulated, funds are not safe. Security of funds is a huge problem with unregulated Investment Companies. A red flag that we noticed is CoverCoin is withholding vital information to users.
CoverCoin could go bankrupt from one day to another since there are no banking information about this Investment Company.