Profit Coins by Rocio Knight is a cryptocurrency trading platform offering “up to 1% profit per day.”
To make use of this invest all you need is to invest a minimum of 150 Euro. No prior knowledge is needed.
Someone versed in the ways and pitfalls of the crypto industry can cast a solid verdict on ProfitCoins.io after a glance or two at the website.
What do these guys peddle?
A get-rich-quick scheme, offering a 1% daily ROI, which is hyped to “last forever,” is completely free and requires no skills on the part of the client.
Should we even get into further details on this? Let’s do it anyway…
How does the ProfitCoins software work?
As a general rule, you should always consider every offer that fits the mold of “too good to be true,” to be a scam.
In this instance, we are dealing with a crypto-focused, auto-trading solution, which takes advantage of arbitrage.
It buys a certain amount of a certain crypto at one exchange, and it sells it at another exchange, for a profit. All this occurs within a few seconds, otherwise the profitability of the setup may slip away.
This way, it is claimed that return rates of 30% per month are achieved “consistently.”
The feat does not require any kind of expertise on the part of the user and the system is available for free, with no strings attached.
If that is not the definition of “too good to be true,” nothing is.
If someone actually developed such a system, the last thing on his/her mind would be to share it with the public.
The way the Profitcoins.io sales pitch is delivered falls well short of the mark too.
The website itself – while looking OK-ish at first glance – ends up raising quite a few red flags under closer inspection.
The people behind it -purported to be real and genuine – are presented with pictures that look a lot like stock photography.
Indeed, the alleged founder and director, a certain Rocio Knight, has a LinkedIn profile too, with the same picture and not a single different one. There are no other traces of this person anywhere online.
The website itself, has been set up from the get-go with the copy featured now. Yes, that includes the 3,500 alleged clients the operator has.
A person who apparently worked on the project as a freelancer, hired online, makes it clear in a comment made on a profitcoins.io review, that the whole thing was set up the way it currently is, from the get-go, so the information presented on the site is all fake.
To add insult to injury, the said person has also revealed that the perpetrators of the scam actually scammed him and another person who worked on the “project” too, as they never saw any remuneration for the work they’d put in.
The alleged address of the company behind the profitcoins.io brand is non-existent.
There is no operation of this type located at 122 Leadenhall Street, London.
The user testimonials featured on the homepage are not just obviously fake, one of them used to feature a rather hilarious slip-up as well.
The testimonial of Franziska B., an alleged “mother of two” and participant in the profitcoins scheme, used to feature “PROJECT NAME” instead of the actual Profitcoins name, making it ridiculously clear that the whole thing had been drawn up way before the actual name of the “project” was even established.
This mistake has since been corrected, as the perpetrators themselves probably read the musings of the Bitcointalk forum participants who had spotted the slip-up.
Another interesting twist is, that while the company is allegedly based in London, and that it is a global operation with clients in every corner of the globe, all the names of the testimonial providers are German.
What does that mean?
Not much really: it is just an awkward and unnatural pattern, which also indicates the artificial nature of these testimonials.
Bitcointalk is not the only channel used by crypto community members to bash the Profitcoins.io scam.
Trustpilot is another platform where scores of complaints have been published, despite the best efforts of the scam perpetrators to influence their overall review-ranking through fake positive reviews/appraisals.
The positive reviews on this page are all very brief and in the same vein, making it clear that they are indeed quite artificial.
The complaints on the other hand follow much more randomly natural patterns. Some of them go on and on, while others deliver the verdict within a sentence or two.
The conclusion that can be drawn from these reviews is obvious: it is extremely easy to deposit cryptos with Profitcoins.io, but making a withdrawal is an entirely different issue.
Moving on the whois information of the Profitcoins.io domain name, we bump into yet another major red flag: none of the relevant bits of information (more precisely those about the identity of the registrant) are publicly available.
Furthermore, the domain seems to have been registered from Turkey.
People at Bitcointalk have linked the operation to a certain Senem Erdogan, so that bit seems to make sense – not that it inspires any trust at all.
The Pofitcoins.io Ponzi dimension
Just when we thought Profitcoins.io couldn’t fare any worse in a review, we’ve discovered a Ponzi-scheme feature to it too: the scam encourages users to bring others into the fold, offering them certain rewards.
Profit Coins Review Conclusion
As cryptocurrency scams go, Profitcoins.io is what one would call a “hot mess.”
It has major problems on the credibility front and for someone versed in the ways of the industry it screams scam from the get-go.
Here’s a rundown of its top “sins”:
- It is too good to be true
- Its pitch is shoddy and lacks every semblance of credibility
- It has a Ponzi dimension
- Its reputation is abysmal
- It fails every step of the way marketing-wise
- There’s great secrecy surrounding its pushers.