We are issuing a warning regarding a recent scam involving the website coinpot.vip. This review aims to highlight this site’s fraudulent activities and warn potential victims.

A victim reported losing millions of dollars to this scam. The scam involved a series of transactions promising lucrative returns that never materialized. The scammers behind coinpot.vip used aggressive tactics, including communication through WhatsApp and other channels, to manipulate and defraud the victim.

The fraudulent activities began in June 2024. Despite the victim’s repeated attempts to recover their funds, they were met with evasive responses and further demands for money under the guise of additional fees and commissions.

We encourage anyone who has fallen victim to coinpot.vip or similar scams to come forward and share their experiences.

Domain Analysis

The domain coinpot.vip was registered on September 17, 2022, with Blue Razor Domains, LLC, a domain registrar known for its broad range of services. The domain is set to expire on September 17, 2025, indicating a relatively recent and short-lived operational span.

A detailed WHOIS lookup reveals that the domain is protected by privacy services provided by Domains By Proxy, LLC, based in Arizona, US. This privacy protection obscures the actual owner’s details, a common practice among legitimate sites but also a tactic often used by fraudulent entities to conceal their identity.

The domain is hosted by Amazon.com, Inc., specifically on AWS EC2 infrastructure located in Singapore. The IP address associated with the domain is 52.77.240.250. Amazon Web Services (AWS) provides reliable and scalable hosting solutions, often utilized by legitimate businesses and scammers due to its robust infrastructure and global reach.

According to SEMrush data, coinpot.vip has minimal organic search traffic and virtually no visibility in search engine results, with an authority score of zero. This lack of traffic and visibility suggests the domain is either very new or intentionally kept obscure. There are only a handful of backlinks, predominantly from low-authority and potentially spammy sources, such as global-rank.pages.dev and uplinke.com. These backlinks do not enhance the site’s credibility and may indicate an attempt to boost SEO metrics artificially.

Several aspects of the domain registration and hosting details raise concerns. The use of privacy protection services to obscure the registrant’s identity, combined with the low authority score and limited, low-quality backlinks, suggests a lack of transparency and credibility. Moreover, the rapid update and renewal activity and hosting in a region distant from the apparent target audience (as inferred from the victim’s location in Calgary, Alberta) further point to potentially deceptive practices.

Coinpot.vip Review

The website coinpot.vip purports to offer an application called “Coinpot,” which is compatible with iPhone, iPad, and iPod touch, requiring iOS 8.0 or later. The application claims to be free of charge and available in English and Simplified Chinese. It is presented as a legitimate app with a rating of 5.0 based on 19,000 individual grades. The website indicates that the app suits users aged four and above. It was developed by MobiFun Games Inc., with a copyright date 2018.

The site’s user interface features various elements intended to establish credibility and trust, such as the “Scoring and comments” section highlighting a perfect rating and the “New function” section introducing a feature called Bancor Pro. Additionally, the website includes a disclaimer stating that it only provides the download, installation, and hosting of the app for developers and that the content and operational matters within the app are the responsibility of the app developers and not the website itself.

Critical Analysis and Red Flags

The website provides minimal contact details and lacks direct email addresses, phone numbers, or social media accounts for customer support or inquiries. This absence of transparent communication channels is concerning and often indicative of a scam. The use of privacy services to obscure the registrant’s information further complicates verifying the legitimacy of the entity behind the domain.

The app’s website presentation is suspiciously polished, emphasizing its high rating and the large number of individual grades. The consistency and uniformly high scores without any negative feedback raise questions about the authenticity of these ratings. Typically, legitimate apps will have a mix of positive and negative reviews reflecting real user experiences.

The website includes a brief disclaimer that absolves itself of responsibility for the app’s content and operation. This disclaimer is a red flag as it indicates that the site does not take accountability for any issues arising from the app’s use. Legitimate companies typically provide comprehensive terms of service and privacy policies, along with clear channels for resolving complaints.

The website’s design appears professional, but closer inspection reveals elements commonly associated with fraudulent sites. For instance, the app installation guide and the way the download links are managed through JavaScript are tactics often used to mislead users or potentially redirect them to malicious downloads. Additionally, the installation instructions are unnecessarily complicated, which could be a ploy to confuse users and obscure malicious activities.

User Reviews and Analysis of coinpot.vip

In analyzing the online presence of coinpot.vip, several user reviews and forum discussions provide critical insights into the experiences of individuals interacting with the site. The primary sources include Reddit, Bitcoin Forum, and other user-generated content platforms. These reviews collectively paint a troubling picture of coinpot.vip, highlighting numerous issues that strongly indicate the site operates as a scam.

One of the prominent threads on Reddit, titled “Trying Coinpot VIP,” includes user testimonials about their experiences with the platform. A user named ShadyCryptoTester mentions testing the platform and initially not experiencing problems with Coinpot faucets. However, they are cautious about depositing money, noting:

Currently on Gold Membership. Getting an interest of around 400 coins per day… Will update on how it goes! Have not tried withdrawing yet.

Another user, Yseek, responds with skepticism, mentioning several critical issues:

I want to deposit in and get the VIP benefit too but I heard so many cases about can’t withdraw or still pending after a week, no supports reply, etc. Also, their bonus from VIP seems so suspicious, other sites only have annual interest about 5% but this site annual interest goes up to 50% if you’re at diamond rank.

These conversations suggest that while some users initially experience positive outcomes, the inability to withdraw funds and lack of responsive support are major red flags. High promised returns, such as the 50% annual interest, are unrealistic and indicate potential fraudulent schemes.

Additional Reviews

In the Bitcoin Forum, a thread titled “CoinPot VIP Rewards” contains numerous complaints from users facing issues with the VIP rewards system. The thread starts with a post by Adam556, who raises concerns about the irregularities in receiving rewards:

Some days ago I did not receive the VIP rewards for my level but it was temporary. Then, next day suddenly I lost my level but only for that day. Coinpot tokens received does not match with my level, but it is not the critical issue right now with Coinpot tokens… The bigger problem is when the Coinpot administrator suddenly cheats the multiplier against the user and FAKE the provably fair (tested more than 30% token lost with all possible automated procedures).

Another user, baby3d, corroborates these issues, stating:

VIP rewards are UNTENABLE! Coinpot days are counting down… it’s system is absolutely UNFAIR.

This discussion underscores persistent technical issues, unresponsive support, and manipulative practices by the administrators, such as tampering with token multipliers, which significantly diminishes user trust and credibility of the platform.

A review from Scam Detector gives coinpot.vip a low trust score of 40.6, suggesting that the business could be identified as potentially fraudulent. The website’s Validator tool flags numerous concerns, reinforcing the negative sentiment found in user reviews.

A user named buckthorn5000 on Reddit highlights issues with the conversion rates:

The conversion from tokens to BTC changes drastically… the whole conversion thing has me really confused and I worry it’s going to destroy whatever profits I make since it’s so unpredictable from one minute to the next.

The reviews and discussions about coinpot.vip reveal a pattern of initial positive experiences followed by significant issues, including unfulfilled withdrawals, disappearing rewards, unrealistic promises of high returns, and unresponsive customer support. These are classic indicators of a scam operation designed to lure users with initial success before exploiting them financially.

Conclusion: Assessing the Legitimacy of coinpot.vip

The comprehensive investigation into coinpot.vip reveals numerous concerning elements that significantly doubt the site’s legitimacy. The recurring issues users report, including unfulfilled withdrawals, inconsistent rewards, and unresponsive customer support, are critical red flags that align closely with common scam behaviors. Despite initial positive experiences that some users report, the overwhelming narrative is frustration, financial loss, and unmet expectations.

The high returns promised, such as the unsustainable 50% annual interest rate for VIP members, are not only unrealistic but also indicative of fraudulent schemes designed to lure unsuspecting investors. Furthermore, using privacy protection services to obscure domain ownership and the lack of transparent contact information only adds to the site’s dubious nature.

In essence, while the professional appearance and initial functionality of coinpot.vip might offer a veneer of legitimacy, the deeper analysis and user testimonials paint a starkly different picture. The pattern of manipulative practices, coupled with many unresolved complaints, firmly establishes coinpot.vip as a likely scam.