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Coinarc.co claims to be the perfect crypto and forex investment platform for long-term goals. With an enticing website, the platform has gone ahead and seduced investors into depositing funds. Those who have already tested the waters are ruing the decision. It turns out Coinarc is another scam stealing from naïve investors. Our investigation reveals some damning evidence on Coin Arc. There’s every reason to believe they are just defrauding investors. Make sure you go through this detailed COINARC.CO Review.

Coinarc.co Review

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About Coinarc.co

On the about us page, they lead investors into believing this is an automated trading platform. Among the instruments, available include Binary, crypto, and forex. The fact that they offer binary options makes them a scam.

Nearly all regulators in most jurisdictions have banned binary trading. The assets traded on their platform do not exist, and all this is a demo version of a real trading website.

Looking at the website design, they have more information than necessary. The homepage is too long, making it lack user-friendliness. Navigation was not easy as information is plastered all over the page.

Even their slide is long, with more than three slides. You have to spend a lot of time going through the entire website. A claim of being supported in 34 counties is another lie. The platform only exists in the online realm.

Account opening procedure

Opening an account with this platform is free of charge. You would expect them to charge opening accounts. With the claim of offering financial freedom, it makes sense to charge the account opening procedure. There’s a good reason why they don’t do so. The platform aims to target all classes of investors. You don’t have to have any trading knowledge to sign up with the platform. As long as you have funds, the Coinarc.co claims to do the rest for you.

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The cracks start appearing when you try to withdraw yields for the first time. Yes, members will eventually find their account balance rising from the initial deposit.

Withdrawing funds requires verification. The platform demands users to send a copy of their ID, bank statements, and credit card details.

We don’t see the need for this to use email links or SMS codes for verification.

A cybersecurity expert warns this platform is probably harvesting banking data from members. Once they have these documents, there’s no stopping them from creating a new persona. This is one of the many ways identity theft occurs.

Investors should be extra careful when sending valuable documents via online platforms. There’s no telling what the platform does with them. There’s no information as to whether Coin arc protects the privacy of members.

Affiliate programs

There’s a 15 percent referral bonus available when you direct investors to the platform. Before jumping in, you need to understand the risks of being an affiliate member. Professional affiliate members have already blacklisted the platform.

They don’t want any association with a crypto scam platform. It will create negative publicity on these affiliates. Victims will point the finger at those who directed them to the scam. The law will see you as an accomplice to online fraud.

Business owner

Coin Arc False Staff Members

George Cabrera is the name we are told manages this platform. Other staff members have been mentioned on the homepage. After a thorough search, we couldn’t find any of these persons. There are no social media profiles with names relating to the staff members.

We believe these are stock images meant to throw off investors. None of the people are found on professional websites such as Jobcase or LinkedIn. This is an anonymous website.

Coinarc.co License and Registration

Coinarc.co is not registered in any jurisdiction, and they don’t have a valid license. The platform does not pose any certificate or documents to prove compliance. We did a quick check with leading and trusted trading regulators.

None of them have heard or licensed the above entity. It goes to show Coinarc is operating without any regulation. There’s nothing to stop them from harassing investors.

Without valid credentials, the platform does not meet the fair standards of investing and trading. Those who sign up are at the mercy of these unscrupulous traders. Authorities won’t help since you agreed with an unregulated entity.

Members don’t get to enjoy protection from regulators. There’s no way of convincing the platform to release funds even if it’s mandatory to do so.

Despite having a testimonials page, these are paid comments. Someone was paid to post these comments. You can tell by the way they try and sell the platform. There are more negative reviews on the platform than positive comments.

The only positive comments we see are on the homepage. Victims are ranting all over social media sharing their horrific experiences. All of them seem to share the same fate.

Features of Coinarc

Account and packages

Coinarc.co Accounts and Packages

Coinarc.co offers six packages to interested parties. These packages include Mini, Standard, premium, VIP, Elite, and Elite Club. With the mini account, members get 2.5 percent daily profit ROI.

We won’t even go and check the other accounts as the platform is using over-the-moon claims. No expert or robot can manage to keep these high investment returns. The market is volatile, and prices rise and fall without warning.

Contact and support

You will notice the platform does not have a phone number. The only way of communicating directly is via chat. And this, too, is not guaranteed as they at times fail to respond. The only other option is to send an email and wait for a response.

The people behind this platform want to remain anonymous. They don’t mind the welfare of investors, which is proof the platform is a scam. We don’t know the actual people behind it or their place of residence.

Deposit and withdrawal

Depositing funds with the platform is easy, and the process takes less than five minutes to complete. There’s no need to deposit as you won’t get the chance to withdraw. None of the members make it to this point.

They usually get emails that the platform sent withdrawal, and they should check with the bank. This is usually a lie, as the platform will soon shut you out of the account.

Safety of funds with Coinarc.co

There’s no safety of funds with a platform that fails to comply with regulations. The website does not have relevant security protocols to protect investors. There is no security software to protect investors from third-party attacks. The platform is prone to DDoS and malware.

Scam or Legit Coinarc.co

coinarc.co false testimonials

Coinarc.co is impersonating a legit trading website, and as such, we have to mark it as a scam.

Bottom line

After reviewing all the evidence, we have to add coin arc to our scam blacklist.

Make sure you use appropriate tools designed to help investors make reasonable profit margins. Go for the best crypto bots the industry has to offer.

Our team wishes you all the best.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Is Elon Musk’s Remark to #Hashledger Is Implying to #Hedera? Is This a Big Catalyst for HBAR Price?

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Hedera momentum is building, and with Elon Musk’s mention of #hashledger at the B-word event, it appears like the Hbarians’ celebration is just getting started. Elon Musk was referring to Hedera, as confirmed by a tweet from a founding member of the HBAR community.

HBAR is a cutting-edge technology that is being used by businesses all around the world. Hedera has grown to become one of the largest crypto networks in the world. As additional transactions are added to the network, the speed of transaction verifications rises, but it remains entirely undetected. It’s big and has a lot of uses, and it’s one of the big players. 

Also Read : Elon Musk Reaffirms Support For Bitcoin in the B-word Event, Markets Sentiments Turned Bullish!

HBAR Price Analysis

Although the HBAR price is currently bearish, the cryptocurrency price began surging at the start of 2021, and the positive trend lasted until mid-March when it reached an all-time high of $0.45. The currency failed to break through the all-time high price in April before entering a bearish trend that has lasted till today even though the asset was seen trading in the green zone in the past week.

Hbar closed the day at $0.17. Hbar is currently trading at $0.16, after a bearish start to the day. In the previous 24 hours, the price of HBAR has risen 2.51%. Currently, Hbar must avoid the key initial support level of $0.15, which is followed by $0.14 and $0.13. The biggest resistance level on the upside is $0.20, followed by $0.25. As long as it retains a critical support level, HBAR will resume its bullish trend. 

Since its ATH, the lowest price was $ 0.139984. (cycle low). Since the last cycle low, the highest HBAR price was $ 0.212739. (cycle high).

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Review

Polkadot Will Compete with Ethereum to Reach a Price of $100, Expects Industry Veteran

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Crypto-fintech expert and industry veteran Keith Bliss, the president of fintech solutions provider company Capital2Market, believes that Polkadot, the ninth-largest cryptocurrency in the market, may witness significant growth in the next three years

Keith Bliss: A Veteran in the Industry

Keith has remained associated with the fintech industry since the late nineties. At the beginning of his career, he sold time-order-management systems. The large buy-side asset managers were Bliss’s clients. Gradually he moved on to the dealings of electronic trading systems. These systems created a link between the institutional buy-side players and the sell-side players, facilitating seamless equity transactions for Wall Street. 

Bliss has been a witness to the fintech industry’s gradual growth. His experience in the industry makes him optimistic about the evolution of cryptocurrencies and the process of asset tokenization. But his reasons to believe in Polkadot’s potential growth story go far beyond the general hopefulness around the crypto industry.

The Factors Driving Polkadot’s Growth

Keith believes that Polkadot will grow in the imminent future as a competitor to Ethereum. To back his claim, Bliss cites the growing inclination among developers to turn to Polkadot as a foundation for building their platform. But why is it so? 

As we know, Ethereum, unlike Bitcoin, is seen more as an enabler of application development than as a store of value. Its smart contracts and other technological benefits have immensely helped DeFi to grow in applicability and usage. Yet, when developers develop something on Ethereum, the additions get coded right onto its blockchain. With a growing number of applications, these coded additions stunt the transaction speed of Ethereum and take a toll on its scalability. 

Polkadot solves this problem through its bridges. Polkadot can connect with other blockchains through bridges. Such a bridging system allows developers to work with their applications without building right into Polkadot’s main blockchain. Resultantly, Polkadot retains its scalability. However, Bliss does not believe that these advantages would make Polkadot replace Ethereum, as Ethereum already has a much higher adoption rate and is working on future upgrades. But, Polkadot will emerge as one of the strongest competitors of Ethereum. 

Estimating the Future Price of Polkadot

On one hand, Polkadot is a new entrant in reputed exchanges like Coinbase. It also does not have products like Ethereum ETFs or ethereum futures. But, at the same time, it has parachains, independent blockchains that connect to and run off its network. These parachains can attract developers in bulk to turn towards Polkadot as their preferred DeFi application protocol. As the developer pool grows, the Polkadot ecosystem can continue to prove that it’s here for the long term.

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Review

Altcoins To Surge Nearly 80% To 150% In Upcoming Bull Run!

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The crypto space is experiencing a huge roller coaster ride nowadays and the previous day surge was the phenomenal one. Amid the B-Word Event, the Bitcoin price gained a notable push and the other altcoins also ranged above the levels. Currently, the Ethereum price is all set to propel high with notable gains. However, the second half of 2021 is expected to be more fruitful.

It is a known fact that the crypto market flows with the BTC price and hence a substantial jump could ignite the altcoin market. Currently, the price is attempting hard to break the immediate lower high above $33,000. And later the rally above $35,000 seems to be imminent which could ignite the price to head towards $40,000. The price needs to sustain above these levels and this is when the altcoins could rise more than 80%.

The bitcoin price received some bullish moves from the event. The price was pushed to $32,600 and before it could register new highs, a strong rejection wick hindered the uptrend. Currently, the price is trying to hold above $32,000 and in order to continue with a bullish momentum, the price is required to smash $33,000. 

btcchart

Despite a substantial push, the price still failed to smash the upper trend line and initiated a consolidation. The rectangle box signifies crucial ranges to hold on to in order to propel further. The altcoins like Ethereum(ETH), Cardano(ADA), Stellar(XLM), Polygon (MATIC), XRP, AAVE, etc and many more could record a series of double-digit gains in the coming days. 

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