CoinCap VIP Review: Investigating a Possible Scam

Hello and welcome to our CoinCap VIP review in which we investigate a possible scam.

On April 19, 2023 we received the following complaint from a Belgium person who claims being scammed for $18,000. He reports:

I met a lady online on Badoo [a dating-focused social network], and we started investing in a CoinCap VIP site. She gave me deposits, and I started believing her. I know I messed up, and I’m feeling very bad. I need your help. I have all the proofs, pictures, numbers, crypto addresses, etc. I even have favorite pictures of the lady. I got a bit greedy because I wanted to help my family, otherwise I wouldn’t have done it.

So is CoinCap VIP a SCAM? And what exactly is CoinCap VIP?

CoinCap VIP Review

We cannot find evidence that a domain ever existed at coincap.vip. However, we do find several other websites that are called “Coincap,” such as:

• Coincap.exchange,
• Coincap.space,
• Coincap.ltd,
• Coincap.io,
• and CoinCapInvestment.io.

Let’s start by looking at each one of them.

CoinCap.exchange

According to SimilarWeb, “Coincap is a digital currency exchange that provide institutions and professionals with a world class experience to buy and sell cutting-edge currencies such as bitcoin and ethereum exchange.”

With a 2% Semrush Authority Score, Coincap.exchange has 657 backlinks from 151 referring domains, including several spammy looking links on bitcointalk.org.

The site is no longer indexed on Google so we have to learn about it by looking at other mentions and reviews we can find online.

According to scamwatcher.org, Coincap.exchange is an offshore broker that is not reliable and lacks transparency. There is a lack of information about the CEO and management of the brokerage firm, which is a red flag for potential investors. Withholding vital information and being offshore makes the safety of funds questionable, as Coincap.exchange could disappear without notice.

And as predicted, it indeed disappeared without notice.

According to forexbrokerz.com, Coincap.exchange is a cryptocurrency exchange based in Malaysia that allows USD payments and facilitates the purchase of Bitcoin and Ethereum. It offers attractive trading fees for market makers and 2FA (two-factor authentication) for added security. It also accepts bank transfers and supports BTC, ETH, and VVI (a unique addition) trading against USD. However, there are several disadvantages, including limited information about the company, being a new exchange (established in 2017), unclear banking and country terms, basic charting functionality, questionable liquidity, and no leverage.

Since it was established in 2017, we can be pretty certain that Coincap.exchange is not the Coincap we’re looking for.

Coincap.space

The domain Coincap.space is still functional. It was registered on January 25, 2021 and is set to expire on January 25, 2024 through Hostinger, UAB. The registrant contact is “Not Applicable” from Uttar Pradesh, India. It is hosted by Hetzner Online GmbH, a German company and data center operator.

According to SimilarWeb, Coincap.space is a “crypto faucet script for creating your owns.” It is ranked 8,522,121 globally and 55,230 in Tunisia. It is the #392 most popular Gambling > Lottery website in Tunisia. In March 2023, it received 722 total visits.

The homepage itself is just a login page that says “Login With Your FaucetPay Email.” No other information is provided.

FaucetPay Wallet is a mobile app that allows users to earn passive income, receive crypto rewards, and participate in airdrops for free. Users can earn fast crypto money by browsing websites. The app is developed by İBRAHİM DEMİR and is available for download on various devices.

Also, indexed on Google is a subdomain ccs.coincap.space on which the homepage is titled “Name Last Modified Size Directory 1 2022-12-24 16:01.” The description is “Name · Last Modified · Size · Directory 1, 2022-12-24 16:01, -. Proudly Served by LiteSpeed Web Server at ccs.coincap.space Port 443.” Also indexed is coincap.space/?ref=1923, this is a referral address, which indicates Coincap.space has an affiliate program.

Based on a BeerMoneyForum.com post, Coincap.space is a platform where users can earn cryptocurrency through various methods such as manual faucet, short links, PTC ads, achievements, lottery, dice, tasks, and offer walls. Users can claim 700 coins every 0 minutes, with a maximum of 100,000 claims, and claim 800 coins every 0 minutes from the Mad Faucet with unlimited claims. The platform offers referral earnings of 20% and allows for withdrawal options to FaucetPay Tether, Tron, and Feyorra. Users can withdraw their earnings instantly to their FaucetPay wallet with a minimum withdrawal of 1000 coins. A user mentioned that the platform offers multiple earning methods with unlimited faucet claims and instant withdrawals to FaucetPay wallet.

According to islegitsite.com and TrustPilot, the site is legit, however some reviewers have claimed that coincap.space is a scam and caution against depositing on the site. One person writes:

Very, very, very scam. Please do not deposit on this site. It is a scam scam.

According to Scamadviser, Coincap.space is a website that has been reported as unsafe by Trend Micro and has a very low trust score. The website has mixed reviews and is considered potentially fraudulent by some users. It has a low Tranco ranking, indicating few visitors, and shares a server with unreliable websites. One person reports:

I used the site for 1 week, but they did not pay me for the amount I received. I even sent them a message, but they did not reply. This is 100% a scam.

Finally, according to scam-detector.com, coincap.space is a website with a low trusting rank of 6.8 out of 100, based on 53 factors used by the Scam Detector’s algorithm to authenticate its trustworthiness. The website is tagged as suspicious, young, and untrustworthy. Factors such as negative feedback on social media, SSL certificate, IP address, and website popularity also contribute to the low rating. The website claims to be in the Tether niche but lacks credibility due to poor design and lack of metadata.

So while Coincap.space may be a scam, it is probably not the website we’re looking for since it is a crypto faucet (A crypto faucet allows users to earn small rewards in the form of cryptocurrency by completing easy tasks.) and not an investment platform.

Coincap.ltd

There’s almost no available information regarding Coincap.ltd, which suggests it might also be an old domain. In fact, like Coincap.exchange, it is available for purchase.

According to an outdated report by scamadviser.com, coincap.ltd has a very low trust score of 1/100, indicating a high likelihood of being a scam. The owner of the website was hiding their identity on WHOIS, and the site was hosted by a company with a bad reputation. There were other suspicious websites hosted on the same server, and the domain was very young, only registered recently. The website offered anonymous payment methods and had been marked as a threat by DNSFilter in the last 30 days. The SSL certificate was valid, but scammers can also install free SSL certificates.

There’s also a public group on Facebook with 16 members. The about section reads:

Coincap.ltd is not an investment corporate platform but a trading company that offers various trading options, 24/7 real-time prices of any crypto coin, stock market value, and a digital safe and secure wallet assigned to each specific user. Please beware of scammers or links not associated with coincap.ltd.

The group is centered around cryptocurrency trading and provides updates on the latest crypto prices available in the market, including 24-hour price movements, market value, and volume. The group admin, Davidson Chinonso Obasi, is an active participant and frequently shares links to a website called coincap.ltd.

In his posts, Davidson Chinonso Obasi promotes coincap.ltd as a trading company that offers various options for trading cryptocurrencies. He highlights features such as real-time prices of any crypto coin, stock market value, and a digital wallet for secure storage. He also warns against scams and advises group members to be cautious of links not associated with coincap.ltd.

There are multiple posts promoting coincap.ltd and urging group members to visit the website to take advantage of its services. The posts are dated February 12th and 13th, 2022.

So it is possible that this is the website we’re looking for, however we think it’s unlikely since the website seems to have been offline for many months now.

Coincap.io

Finally, we look at Coincap.io.

The domain Coincap.io was registered on June 17, 2014 and is set to expire on June 17, 2025 through GoDaddy.com, LLC. It is protected by Cloudflare and by Domains By Proxy, LLC, a privacy service.

According to SimilarWeb, Coincap.io offers “real-time cryptocurrency market cap rankings, trading charts, and more.” It is ranked 462,079 globally and 137,293 in Russia. It is the #1,162 most popular website in the Finance > Finance – Other category in Russia. In March 2023, it received almost 124,000 visitors from Russia, the USA, Germany, Sweden, Peru, and other countries.

There is no indication that this is a scam website and also it is not a cryptocurrency investment platform, therefore this also is not the site we’re looking for.

CoinCapInvestment.io

Our last Coincap domain for today is CoinCapInvestment.io, a website that is currently defunct.

However, they still have an Instagram account titled “coincapinvestment.io” with 109 posts and 604 followers.

According to scam-detector.com, coincapinvestment.io was a website associated with the Cryptocurrencies industry, but it received a low rank of 2.0/100, indicating that it is dubious, very new, and suspicious. The website had a poorly designed interface and lacked credibility due to the absence of elements in its metadata. Other factors that contributed to the low rank included negative social media feedback.

A user named u/Extra_Hot_999 posted on Reddit 2 years ago, mentioning that they came across coincapinvestment.io, invested their bitcoin in it, but later realized that it was a scam and they lost all their BTC.

Since this is an old post, we believe that this also is not the website we are looking for.

Bottom Line

In conclusion, we have not found a website called “CoinCap VIP,” like the website we saw a scam report about in the introduction to this article. We did however find several other Coin Cap scams, including websites that are still online.

Our investigation into CoinCap VIP has revealed several red flags and potential scams associated with websites that have similar names, such as Coincap.exchange and Coincap.space. Coincap.exchange, a cryptocurrency exchange based in Malaysia, has been reported as an offshore broker lacking transparency and reliability, with limited information about the company and potential issues with safety of funds.

Coincap.space, on the other hand, appears to be a crypto faucet script for earning cryptocurrency through various methods, but it has mixed reviews and has been reported as potentially fraudulent by some users.

Based on the complaint received from a person in Belgium who claimed to have been scammed for $18,000 by someone they met on Badoo and who convinced them to invest in a CoinCap VIP site, it is highly likely that the CoinCap VIP site in question is a scam.

We recommend being cautious and not investing with an obscure company on the basis of a social media recommendation.

If you have are a victim of these scammers, please let us know by commenting below, especially if you know what is “CoinCap VIP,” and if you have lost a significant amount of money to online scams, do not lose hope. We can help you recover your funds!