Review on CoinPlace by İlqar Agayev
My thoughts about CoinPlace
The review I will write today will be about CoinPlace. CoinPlace is an exchange created in the United Arab Emirates. The stock market, which was launched in 2017, was not met with great interest by people. The majority of the users of the exchange, which has a small customer base, were also local residents. CoinPlace, which operated for 3 years, suddenly stopped all transactions in 2020 and closed its official website. Shortly before this closure, some users were complaining that they could not withdraw their assets from this exchange.
I don't know how accurate these complaints are, but even though I emailed the support team and officials of the exchange, I didn't get any response about it. Also, when it was newly created, CoinPlace officials wrote that this exchange was supported by a company that was famous in the United Arab Emirates. But as a result of some of my researches, these are completely lies. Probably trying to gain people's trust through fake means, I now see this exchange as a scammer. The website of the exchange became active after a while, but I still recommend that you do not deposit your assets in CoinPlace.
Pros
- I don't think it has a good side
Cons
- I consider this exchange a scam for many reasons
- Some time before the exchange closed, users complained about not being able to withdrew
- Officials were trying to gain people's trust by using some fake method.
