Coinixiai is now a defunct crypto trading platform. From security to regulation, they failed in every aspect. The only thing they excelled at was marketing and that was most probably due to conflict of interest. In other words, clients who trusted them with their money were at risk and they had no real upside regardless of which aspect you consider.
US authorities detected a pattern with this platform that is similar to fake exchanges and even issued a warning. Unfortunately, before people could realize the actuality, they collapsed and left investors empty handed.
Continue reading to know how portals like this work and understand their real objectives.
Coinixiai Overview
Coinixiai pretended to be a highly secure and regulated crypto trading portal. Initially, they created a buzz, thanks to the marketing effort. However, it didn’t take long for actual user feedback to surface on the internet.
Many users faced withdrawal issues and their voice was likely silenced further by the support team. Though they boasted about their security and compliance, it was clear that everything was a facade. In reality, they didn’t have well enough liquidity and their longevity was a ticking time bomb.
Coinixiai Scam or Legit?
This platform is a shady entity for sure. Just like all the other questionable brokers, they also didn’t have proper documentation, licenses and certificates. Moreover, they were bluffing about multiple aspects of the business.
Whenever you notice a firm lie about the basic stuff, it should sound an alarm. Question yourself, why would anyone lie about the aspects of the business unless they are trying to hide something?
Website Age and Authority
According to data from whois.com, this domain was registered on 25th of August 2024. Domain age is less than a year and as such, it doesn’t command any authority. Website age doesn’t necessarily reveal the reputation of the business all the time.
However, the longer a site is around, usually the more trustworthy it will be. Plus, user reviews directly depend upon the domain age. As far as this platform goes, even the age and authority points South.
Conclusion
Platforms like Coinixiai exist only to defraud unsuspecting retail investors. They typically target newbies as they are not aware of the landscape. If you have lost funds to them, then take the first step towards recovering by reaching out to us.
