Complaint Review: profitcoins.io

Is Profitcoins a Scam?

Profitcoins is a revolutionary new trading platform that promises its users consistent profits off their cryptocurrency investments. In this Profitcoins review, I’ll be asking the questions: Is Profitcoins legit? And, is Profitcoins trustworthy? Hopefully, by the end of it, you’ll be able to decide for yourself if Profitcoins.io is a scam.

How Does Profitcoins Work?

Profitcoins claims it can make ordinary people millionaires using unique cryptocurrency trading software. In the next part of this Profitcoins scam check, we’ll explain how this works.

There are loads of different places that people can buy and sell different cryptocurrencies. Each of them has different volumes of trading and their own independent liquidity pools. Since they all draw from their own liquidity pools to facilitate trades, the prices at each can vary by a few dollars.

Profitcoins uses a specially designed algorithm to identify instances where one digital asset can be bought at a low price and immediately sold at a higher price elsewhere. The software then performs the necessary trades for the user and the difference between the buy amount and the sell amount is pure profit for the user.

Is Profitcoins Trustworthy? – The Profitcoins Company

Next in this Profitcoins scam check, I’ll look at the company itself.

Profitcoins is officially titled Profit Coins Trading LTD. It’s registered with the UK’sCompanies House as a securities dealer. It became a private limited company in June 2017.

Companies House provides both a telephone number and an address for the Profitcoins firm too. You can find both at the link above. Based all this, if Profitcoins was a scam, it seems unlikely that it’d be registered in London!

Profitcoins Scam Check

Our Profitcoins scam check wouldn’t be complete without some rigorous testing. Fortunately for you, I did just that!

I signed up to the platform and made a small investment. I was hardly going to put my life savings into it just for to test whether Profitcoins is trustworthy!

After signing up, I deposited around $500 worth of Bitcoin. This gave me a leverage at Profitcoins of 1:10. That’s all I needed to do. The software promised to take care of everything else.

After one week, I checked my profits. I was surprised to find that my investment had grown. Instead of the 0.067 BTC I had deposited, I now had just over 0.06770667 BTC in my account. It wasn’t quite the millions advertised but I was still impressed that Profitcoins.io actually works!

Conclusion: Is Profitcoins Legit?

With its UK license, easy to understand premise, and provable profits, it’s hard to call Profitcoins.io a scam. Sure, some of the marketing material might be a little bombastic – the likes ofNewsBTC andMoney.ca promise some rather grandiose profits – but my own testing proved that the system does work. This was using the minimum possible leverage along with a very small investment. I still made 1% in a week on my initial investment. Based on this, I’d personally testify to Profitcoins.io being legit.