Wecoinx Review: Scam Or Legit? | Recover Lost Funds

Wecoinx Scam
Is Wecoinx a scam? How to recover funds from Wecoinx? Find the answers to all these questions and more in this guide.


Wecoinx has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Beastchange.shop Crypto. We’ve received over 5 complaints against Wecoinx.

A cryptocurrency website called Wecoinx has been at the center of a lot of problems because it is thought to be a clever scam. It uses dishonest marketing techniques, like saying that famous people have backed it, when they haven’t, and saying that it has partnered with big platforms like Binance and Coinbase when it doesn’t. The platform is also not clear; it doesn’t say who owns it, where it is located, or if it is legally registered. Wecoinx is a high-risk and questionable investment because it is hard to understand and its business plan looks like a Ponzi scheme.

Get Your Money Back From These Scammers!



Key Takeaways

Wecoinx has lost investors thousands of dollars
Wecoinx website owner is anonymous
Vague terms of service

Is Wecoinx Regulated? Do They Have a License?

The cryptocurrency website Wecoinx has been at the center of a lot of controversy, with many claims that it is actually a sophisticated scam.

Wecoinx uses dishonest marketing techniques, like using famous endorsements without permission and saying it has partnerships with well-known cryptocurrency exchanges like Binance and Coinbase. These agreements and endorsements are completely untrue and were made up to trick investors who don’t know what’s going on.

Wecoinx Homepage

There isn’t a lot of information about Wecoinx’s ownership, operational location, or legal registration, so it’s hard to say for sure if the company is real. This lack of openness is made worse by the fact that there is no real contact information and the site and social media profiles were only recently registered.

The lack of regulation or the presence of poor regulation is a huge red flag. It means Wecoinx is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Wecoinx, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?


Trading Conditions and Deposit/Withdrawal Methods at Wecoinx

The platform often promotes returns on investments that are very high, anywhere from 50% to 200%. Because the bitcoin market is always changing, these claims are not only unlikely to come true, but they are also misleading.


Wecoinx’s corporate legitimacy is highly questionable due to the absence of detailed documentation about its ownership, operational location, and official registration. This lack of transparency is compounded by the absence of legitimate contact information and the recent nature of its domain and social media profile registrations.

Some features of Wecoinx’s business concept are similar to a Ponzi scheme. The corporation appears to generate money and sustain its operations primarily by gaining funds from new shareholders, rather than through genuine activities such as investing. Early adopters automatically gain from this system, whereas later participants necessarily suffer disadvantages.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.


Wecoinx Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, customer support won’t resolve your issues and become increasingly unavailable.

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Wecoinx Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Wecoinx tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Wecoinx reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Wecoinx, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Wecoinx enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Wecoinx reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Wecoinx.

Wecoinx reviews coverage

You should always look out for consumer complaints. In the case of Wecoinx, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Wecoinx? You can share your complaint in the comment section or submit an anonymous tip.


Is Wecoinx Legit Or a Scam?

The many problems with Wecoinx are a stark reminder of how dangerous it is to use cryptocurrency sites that aren’t backed by a reputable group. Wecoinx looks like a very risky investment for anyone because it uses dishonest ways to market itself, isn’t open about its business, and is set up like a pyramid scam.


Wecoinx is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Wecoinx can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Wecoinx?

All the evidence suggests that Wecoinx is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.


Frequently Asked Questions

Is Wecoinx a scam?

According to the online reviews of this company, it’s highly probable that Wecoinx is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Wecoinx?

Yes, you can withdraw your funds from Wecoinx by getting in touch with one of our experts. Get your money back immediately.

Where is Wecoinx Located?

There is no information available on the location of Wecoinx.

How do I get my money back from Wecoinx?

To get your money back from Wecoinx, you can file a chargeback. Learn more here.

How The Wecoinx Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with Wecoinx, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Wecoinx Review: Scam Or Legit? | Recover Lost Funds
Wecoinx Review: Scam Or Legit? | Recover Lost Funds


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