Is Coinplace Limited a Scam? See the Review

Is Coinplace Limited a Scam? See the Review

Coinplace Limited locates at is a crypto exchange with very poor functionality. There is no response from support after attempting to get in touch with all their listed contacts via telegram, email, medium, Facebook. My identity is in jeopardy since they have all my KYC verification documents. I have about $70 stuck on their manipulative fake web wallet.

I looked into more details of my wallet transactions by checking on block explorer and discovered that none of my withdrawal attempts even posted on the explorer. However, on my Coinplace withdrawal history, it says the withdrawal has been complete. Just to make sure there wasn't any mistakes on my part I deposited more BTC because of the .0007btc withdrawal fees. Once again I get a fake transaction completion posting in my Coinplace history but no actual withdrawals posting on the block explorer. They again took .0007btc in fees.

After about a month or so I gave it one more attempt but this time purchased their CPL token to use for the withdrawal fees and the same story again. I've reported them over multiple platforms and have gotten some of their pages either suspended/revoked. My identity is in jeopardy since they have all my KYC verification documents. The most important place that they should be removed is coinmarketcap because that's how they sucker people into their exchange with their too good to be true price differences, but coinmarketcap responded to me by saying they meet the requirements to list on coinmarketcap. I was completely shocked by how they conducted their investigations of a user reported fraudulent scam exchange because they did absolutely nothing.

Every day, I continue to see this joke of a crypto exchange constantly listed on there and it just delegitimizes my overall trust with a big crypto info source like coinmarketcap. The facts are all there if they took the time to actually see how Coinplace does business. There haven't been any info updates on any of their pages in over a year and a bunch of comments by scammed users but somehow they are still in business continuing their scams. Horribly poor regulating.

I'm all for crypto but there's gotta be some kind of enforcement if we really want to get worldwide adoption. I don't even use coinmarketcap for any information after the way they conducted business and after doing some research on them also. About 90% of it is all fake volume numbers that they just feed onto their page. It's like they're a water company that provides water to a city and its citizens report contaminated water that has been causing unknown disease and sickness. They hear that the contamination is most likely at one of their water treatment facilities but do nothing because the treatment facility provides them with the data they are required to provide. So everything is fine, we'll just continue to spread the contamination and have more victims instead of fixing the root of the problem.

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Is Coinplace Limited a Scam? See the Review