DigitalReviewCenter
Warning: Is LiveCoinExchange a Scam?
⚠️ LiveCoinExchange has been reported by the The Central Bank of Russian Federation (Russia).
Be careful of LiveCoinExchange (livecoin.exchange); it displays several indicators of a scam. It lacks regulation from major authorities.
Investigation: LiveCoinExchange (livecoin.exchange)
We reviewed LiveCoinExchange (livecoin.exchange) and found alarming facts.
LiveCoinExchange presents itself as a financial firm, but it is not authorized by any top-tier financial regulator.
Scammed by LiveCoinExchange?
If you believe you have been scammed by LiveCoinExchange, act immediately. Submit the inquiry below to talk to our recovery team for a complimentary case evaluation.
Is LiveCoinExchange Legit?
Our check shows that LiveCoinExchange does not hold a valid license.
Trading with unregulated entities is extremely risky. Trusted firms are always authorized with agencies like the FCA, CySEC, or CFTC for your protection.
LiveCoinExchange lacks this supervision. This means there is no safety net if they withhold your funds. Many online scams use unregulated entities, and getting back money from them is hard without professional assistance.
For instance, in Europe, unauthorized firms are not covered by the Financial Ombudsman. In America, they are not members of SIPC, meaning your money is at risk.
Common Scam Tactics
Investment fraud is evolving. Fraudsters use manipulation to steal your savings. Below are typical methods used by brokers like LiveCoinExchange (livecoin.exchange).
Dating App Scams
"Pig Butchering" is a common tactic where scammers groom victims over months. They build a relationship online. Eventually, they mention a secret crypto opportunity. It's a trap to lure you onto a fake platform .
The "Bonus" Trap
Fraudsters create websites that look exactly like real trading apps. They have charts and profits that go up. But it is a game. The scammer manipulates the numbers to convince you to deposit more. When you try to withdraw, the "profits" are gone.
Other Warning Signs
- Unsolicited Contact: They call you from "brokers" out of the blue.
- Unregulated: The company has no legal registration.
- High Returns: They promise huge profits or risk-free trades.
- Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
- Pressure Tactics: "Account managers" pressure you to deposit more.
Ignore fake reviews. Scammers frequently post their own 5-star comments to look legitimate.
Conclusion
We do not recommend LiveCoinExchange. It is likely a fraud. Protect your money and find a licensed broker. Avoid livecoin.exchange at all costs.