Coinshedge Scam Crypto Trading Platform Snares Investors

Lost money to a crypto or trading scam? Read this first:

If your losses exceed £3,000 (in the UK) or $10,000 worldwide The Crypto Adviser can offer advice on recovering your funds. 

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Coinshedge presents itself as a crypto trading platform but is in fact a scam website being operated by fraudsters.

‘Investors’ are directed to the platform by people who’ve they’ve met online who’ve gone on to encourage them to invest in a get rich quick scheme.

Victims are told they can secure large returns in a short space of time by investing on Coinshedge.

However, once they’ve deposited a significant sum and seen the ‘profits’ accrue their accounts will be blocked if they try to withdraw their cash.

The scammers then demand large fees to unlock the victim’s account, but this money will be stolen as well.

How to tell that Coinshedge is a scam

There are lots of red flags which immediately point to the Coinshedge platform being a scam.

They include:

• A very simplistic cookie-cutter design with very few internal pages.
• A Domain Authority (DA) ranking of 1, the lowest possible.
• No regulatory or licensing information that you’d expect from a legitimate platform.
• No social media channels or app store applications.
• Spelling and grammatical errors throughout the content.
• No suggestion of where the platform is based or who runs it.
• No indication of how any profits are achieved after investing.
• Multiple reports to The Crypto Adviser about this site being a scam.

What to do if you’ve been scammed by Coinshedge

There are certain things you can do the moment you realise you’ve been scammed.

Firstly, you should note down all the details of any transactions you’ve made and pass the information on to the police and the scam authorities in your country.

There are also private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

Related post: Crypto scam help and resources