Coinxstacks has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Luxmine.biz. We’ve received over 5 complaints against Coinxstacks.
Coinxstacks, an online investing platform, has been criticized for its inflated gains, lack of transparency in operations, and negative client feedback. Potential investors need to exercise caution and thoroughly research before deciding to invest with Coinxstacks. Due to the absence of proper regulation and questionable operational methods, this venture carries a significant level of risk. Individuals who have fallen victim to scams like Coinxstacks may have to go through the process of submitting chargebacks to try and recoup their financial losses. It is crucial to steer clear of unregulated organizations and make sure to thoroughly research before making any financial decisions.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Coinxstacks Regulated? Do They Have a License?
Coinxstacks is an investing platform that focuses on several areas of the digital economy, such as cryptocurrencies, real estate management, crypto mining, equities, bonds, and agriculture. The website was registered on June 4, 2023, for a length of one year through Hosting Concepts B.V. d/b/a Registrar. EU, and is protected by the Whois Privacy Protection Foundation. Hostinger International Limited is the hosting provider.
Coinxstacks presents itself as a platform that enables universal access to bitcoin trading, highlighting that investing with them can be done without a prior understanding of cryptocurrency. The company is based in the Netherlands and was founded in 2019. The platform provides various investing options with varying minimum investment amounts and interest rates.
The website offers four primary investment plans, which are classified based on the investment amount and provide different interest rates and bonuses. The investment options range from a minimum of $50 to a maximum of $500,000, and the rewards increase proportionally with larger investments.
Coinxstacks assert their origin from Bitcoin aficionados and state that they obtained legal registration with the UK Government in October 2022. The approach promotes a varied investing strategy and highlights the utilization of cutting-edge technologies for safe and efficient transactions.
The website provides a clear and uncomplicated procedure for creating an account, making deposits, and withdrawing funds. It assures users that deposits will be reflected immediately and withdrawals will be processed quickly to their Bitcoin wallet. Coinxstacks have officially registered with the Netherlands Company House and have been assigned a registration number. The site features David Vincent, a founder who successfully shifted his focus from FOREX to bitcoin trading.
The given address is Nieuwe Stationsstraat 20, 6811 KS Arnhem, Netherlands. Nevertheless, the platform does not provide explicit details such as email addresses, phone numbers, or social media profiles.
Investors should exercise caution while considering Coinxstacks as multiple indicators raise concerns about possible fraudulent intentions. The following items are included:
- Exaggerated Returns: The projected returns on investments are highly inflated and improbable, particularly considering the inherent instability of the Bitcoin market. The impressive profits mentioned are typical of Ponzi schemes that aim to attract naive investors.
- Lack of Specific Operational Details: The website does not provide precise information regarding its tactics for bitcoin trading and mining. It excessively highlights the possible gains without providing a comprehensive explanation of the methods used to get these gains.
- Lack of Verifiable Track Record: There is a noticeable absence of a proven history of success or reliable testimonials from clientele. The data and metrics displayed on the website need external verification.
- Dubious Company History: The account of the founder and the company’s development seems artificial or overstated, particularly regarding assertions of sudden expertise in high-risk trading.
- Vague and Exaggerated Statements: The content on the website includes sweeping and imprecise claims about their offerings and advantages, resembling fraudulent websites that aim to attract a wide range of investors without offering detailed details.
- Lack of Contact Information: The absence of precise contact information, such as email addresses, phone numbers, or social media accounts, reduces the website’s trustworthiness and prevents potential investors from completing thorough research.
- Coercive Strategies: The investment plans and website content appear to be deliberately crafted to apply pressure on visitors, urging them to make hasty investments without allowing ample time for careful evaluation of potential hazards.
- Inconsistencies and inaccuracies: The website displays a multitude of inconsistencies and inaccuracies, such as varying accounts of the company’s history and expertise, which indicate a possible intention to deceive or commit fraud.
Ultimately, we highly recommend that potential investors exercise the utmost prudence, engage in comprehensive autonomous investigation, and seek counsel from financial professionals or regulatory authorities before considering any investment with Coinxstacks.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Coinxstacks is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Coinxstacks, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Coinxstacks
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Coinxstacks Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Coinxstacks Reviews: What Do Others Say?
Coinxstacks, an internet-based investing platform, has recently garnered notice on Trustpilot, but for unfavorable reasons. The platform currently has a below-average rating of 2.5 out of 5 stars, based on 5 reviews, indicating a high level of unhappiness among its users.
Upon further scrutiny of the reviews, a distinct dichotomy in customer experiences becomes evident. 80% of the users have given Coinxstacks a 1-star rating, indicating significant problems and dissatisfaction. The unfavorable evaluations regularly label Coinxstacks as a fraudulent scheme. Many people report experiencing similar occurrences when they are asked to make additional payments while attempting to withdraw funds.
They claim to be obligated to pay for card withdrawals, insurance, and fresh account registration, and face exorbitant withdrawal costs. Although clients adhered to making these payments, they claim that they ultimately did not receive their monies, leading to a complete loss of their deposits.
A specific review provides a comprehensive account of a deceitful method in which the corporation purportedly initiates deposits to wallets like Coinbase, but these transactions are ultimately found to be fake and not backed by the wallet services. Despite Coinxstacks asserting a real address in the Netherlands, doubts persist regarding the veracity of this location.
In contrast, a single review, accounting for 20% of the overall ratings, gives Coinxstacks a 4-star rating, complimenting the company for its reliability and commending its investment experience, particularly highlighting the instant and free withdrawals. Nevertheless, this favorable review starkly contrasts with the predominantly unfavorable input from other users.
Significantly, Coinxstacks’ profile on Trustpilot has not been verified by the company, and there is no evidence of the corporation actively soliciting user evaluations. The absence of active participation on a platform such as Trustpilot may indicate a less aggressive stance towards customer feedback and the maintenance of one’s reputation.
Overall, the Trustpilot evaluations for Coinxstacks present a troubling account characterized by allegations of fraudulent behavior and discontent, which outweigh the sole good comment. The disparity in client experiences acts as a warning sign for prospective investors contemplating Coinxstacks for their investment ventures.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Coinxstacks tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Coinxstacks reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Coinxstacks, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Coinxstacks enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Coinxstacks reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Coinxstacks.
You should always look out for consumer complaints. In the case of Coinxstacks, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Coinxstacks? You can share your complaint in the comment section or submit an anonymous tip.
Is Coinxstacks Legit Or Scam?
Following a comprehensive examination of Coinxstacks, significant apprehensions have emerged regarding both establishments. The resemblances in their operational procedures and handling of clients’ withdrawals and fee systems are remarkable. Users from both platforms have reported encountering exorbitant charges and prerequisites, a frequently exploited strategy in online investment fraud.
These encompass charges for withdrawing funds using a card, payments for insurance, costs for registering on new websites, and significant charges for withdrawing funds. In addition, victims have been requested to make “final fee” payments, which are then followed by multiple requests for extra payments. This exploitation takes advantage of the victims’ aspirations to regain their investments.
Both websites promote abnormally large and seemingly implausible investment returns, a distinctive trait of Ponzi schemes that attract naive investors by offering promises of speedy and substantial profits. The deviation from traditional returns in lawful investing activities, particularly in the unpredictable Bitcoin market, gives rise to substantial worries.
Coinxstacks lack sufficient regulatory information and transparency regarding their operations. Although there are assertions of being registered with government agencies, there is a conspicuous absence of verifiable evidence or substantive information that can be independently verified. The absence of transparency is a notable warning indicator in the investing industry, where adherence to regulations and clear communication are of utmost importance.
The Trustpilot reviews for both sites are concerning. Coinxstacks has received a significant amount of 1-star reviews that describe encounters characterized by fraudulent practices. Similarly, Pacpintrade.com, despite receiving varied evaluations, demonstrates a consistent trend of negative feedback that mirrors the scam-like encounters described for Coinxstacks.
The lack of reviews with moderate ratings (2, 3, or 4-star) for Pacpintrade.com further undermines the credibility and impartiality of customer input.
The similarities in operational strategies, investment strategies, customer grievances, and overall lack of openness indicate a possible correlation between Coinxstacks. While there is no explicit proof of a connection between them, the resemblances in their methods imply that both platforms may either be controlled by the same organization or are utilizing the same fraudulent strategy.
Coinxstacks is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Coinxstacks can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Coinxstacks?
All the evidence suggests that Coinxstacks is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Coinxstacks a scam?
Can I withdraw money from Coinxstacks?
Where is Coinxstacks Located?
How do I get my money back from Coinxstacks?
How The Coinxstacks Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
