Is Koinerra.com legit or Scam: Koinerra.com reviews

Is Koinerra.com legit or Scam: Koinerra.com reviews

Koinerra.com is a website that claims to offer a platform for buying and selling cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. But is it a trustworthy and reliable service, or a scam that will take your money and run? In this blog post, we will review Koinerra.com and provide you with some information and insights to help you decide.

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Is Koinerra.com legit or Scam

Overview of Koinerra.com

Koinerra.com is a relatively new website that was launched in June 2021. According to its homepage, it is a “global cryptocurrency exchange that allows you to trade over 100 cryptocurrencies with low fees and high security”. It also claims to have over 10 million users and 24/7 customer support.

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Some of the features that Koinerra.com advertises are:

  • Fast and easy registration and verification process
  • Multiple payment methods, including credit cards, bank transfers, and e-wallets
  • Competitive trading fees and low withdrawal fees
  • Advanced trading tools and charts
  • High liquidity and order execution speed
  • Secure and encrypted transactions and storage
  • User-friendly and responsive website and mobile app

How Does Koinerra.com Work?

To use Koinerra.com, you need to create an account and verify your identity and address. You can then deposit funds using your preferred payment method and start trading cryptocurrencies. You can choose from a variety of trading options, such as spot trading, margin trading, futures trading, and perpetual contracts. You can also use the Koinerra app to trade on the go.

To withdraw your funds, you need to request a withdrawal and provide your wallet address. You will then receive your funds within 24 hours, depending on the network congestion and the cryptocurrency you are withdrawing. You will also have to pay a withdrawal fee, which varies depending on the cryptocurrency and the amount.

Koinerra.com Review: Is Koinerra.com Legit or Scam?

Based on our research and analysis, we have found that Koinerra.com is not a legit and trustworthy website, but a scam that you should avoid at all costs. Here are some of the reasons why we think so:

  • Koinerra.com has a lot of negative reviews and complaints from customers who have lost their money or had their accounts frozen or suspended without any explanation or resolution. Some customers have also reported that they were unable to withdraw their funds or that they received less than what they requested.
  • Koinerra.com has a lot of red flags and signs of being a fraudulent website, such as:
    • It does not have a valid license or authorization from any reputable regulatory authority or agency, such as the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC) in Australia.
    • It does not have a clear and transparent terms and conditions or privacy policy that explains its services, fees, risks, and liabilities.
    • It does not have a physical address or contact details, only an email address and a chatbot that does not provide any helpful or satisfactory answers.
    • It uses fake or misleading information and testimonials to lure customers and create a false sense of credibility and legitimacy.
    • It has a poor and unprofessional website design and functionality, with many spelling and grammatical errors, broken links, and missing pages.
    • It has a low trust score and rating from various online platforms and tools, such as Scamadviser, Trustpilot, and WOT (Web of Trust).
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What Customers Are Saying

Here are some of the reviews and feedback from customers who have used or tried to use Koinerra.com:

Trustpilot UK Reviews: Is It Legit or Scam

  • “This is a scam website. They took my money and never gave me anything. They don’t reply to my emails or chats. They are thieves and liars. Stay away from them.”
  • “I made a deposit of $500 and started trading. I made some profits and decided to withdraw $1000. They asked me to pay a verification fee of $200, which I did. Then they asked me to pay a tax fee of $300, which I did. Then they asked me to pay a security fee of $400, which I did. Then they asked me to pay a clearance fee of $500, which I did. Then they asked me to pay a final fee of $600, which I did. Then they said my withdrawal was processed and I would receive it in 24 hours. But I never received anything. They blocked my account and stopped responding to me. They are scammers and they stole my money.”
  • “I registered with Koinerra.com and verified my account. I deposited $1000 and bought some Bitcoin. I wanted to withdraw some of my money, but they said I had to trade at least $5000 before I could withdraw. I traded and reached $5000, but then they said I had to trade at least $10000 before I could withdraw. I traded and reached $10000, but then they said I had to trade at least $20000 before I could withdraw. I realized they were just trying to make me lose my money and I asked for a refund. They refused and said I had to pay a cancellation fee of $1000. I paid the fee, but they still did not refund me. They are crooks and they robbed me.”
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Benefits of Koinerra.com

There are no benefits of using Koinerra.com, only risks and losses. Koinerra.com is a scam website that will take your money and give you nothing in return. It will also expose you to identity theft, fraud, and cyberattacks. You should not use Koinerra.com for any reason or purpose.

Pros and Cons of Koinerra.com

Pros Cons
None Scam website
No license or regulation
No terms and conditions or privacy policy
No physical address or contact details
Fake or misleading information and testimonials
Poor and unprofessional website design and functionality
Low trust score and rating
Negative reviews and complaints
High and hidden fees
Impossible withdrawal conditions
Account freezing or suspension
No customer support or resolution

Koinerra.com Website (URL)

The website of Koinerra.com is https://koinerra.com/. However, we strongly advise you not to visit or use this website, as it is a scam and a danger to your money and personal information.

Koinerra.com: Final Verdict – Worth It or Not

Our final verdict is that Koinerra.com is not worth it and you should avoid it at all costs. Koinerra.com is a scam website that will cheat you and steal your money. It has no license or regulation, no terms and conditions or privacy policy, no physical address or contact details, fake or misleading information and testimonials, poor and unprofessional website design and functionality, low trust score and rating, negative reviews and complaints, high and hidden fees, impossible withdrawal conditions, account freezing or suspension, and no customer support or resolution. There are no benefits of using Koinerra.com, only risks and losses. You should not use Koinerra.com for any reason or purpose.

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Summary Koinerra.com

Koinerra.com is a website that claims to offer a platform for buying and selling cryptocurrencies, but it is actually a scam that will take your money and run. It has a lot of red flags and signs of being a fraudulent website, such as no license or regulation, no terms and conditions or privacy policy, no physical address or contact details, fake or misleading information and testimonials, poor and unprofessional website design and functionality, low trust score and rating, negative reviews and complaints, high and hidden fees, impossible withdrawal conditions, account freezing or suspension, and no customer support or resolution. There are no benefits of using Koinerra.com, only risks and losses. You should avoid Koinerra.com at all costs.

FAQs

Here are some of the frequently asked questions (FAQs) about Koinerra.com:

  • Q: Is Koinerra.com legit or scam?
  • A: Koinerra.com is a scam website that will cheat you and steal your money.
  • Q: How does Koinerra.com work?
  • A: Koinerra.com works by asking you to create an account and deposit funds, then making you trade cryptocurrencies with high and hidden fees, then preventing you from withdrawing your funds or asking you to pay more fees, then blocking your account and ignoring your requests.
  • Q: What are the benefits of Koinerra.com?
  • A: There are no benefits of using Koinerra.com, only risks and losses.
  • Q: What are the pros and cons of Koinerra.com?
  • A: The pros of Koinerra.com are none, and the cons of Koinerra.com are scam website, no license or regulation, no terms and conditions or privacy policy, no physical address or contact details, fake or misleading information and testimonials, poor and unprofessional website design and functionality, low trust score and rating, negative reviews and complaints, high and hidden fees, impossible withdrawal conditions, account freezing or suspension, and no customer support or resolution.
  • Q: What is the website of Koinerra.com?
  • A: The website of Koinerra.com is https://koinerra.com/, but you should not visit or use this website, as it is a scam and a danger to your money and personal information.

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