Is coincheap.trade a scam?
'LIKELY SCAM'
Risk: HIGH
Website Screenshot
Overview
This page displays strong signs consistent with a pig-butchering crypto investment scam, including aggressive promotional language, unverifiable claims, and concerning domain/host context. The site is brand new yet claims to be a trusted exchange and offers inducements typical of scam operations.
Why We Think This Is A Scam
Domain registered 3 days ago but claims as 'The most trusted cryptocurrency trading and arbitrage platform'
Hosting with LayerSwitch B.V. (Netherlands), a low-reputation provider often seen with abuse and bulletproof hosting
Promises 'instant withdrawals across all cryptocurrency wallets and banks', which is a common scam trope without evidence
'Join now and get free $100 credits on the first deposit' is a classic bait technique to entice fast action
Offers 'weekly rewards as you trade', a hallmark of income-guarantee/return scams
Encourages trading with 'No experience or technical know[ledge]', underscoring a target profile of non-experts
Multiple chat widgets (WhatsApp, Telegram), often used in pig-butchering for social engineering
No evidence of licensing, verifiable company ID, or regulatory compliance—despite using 'Inc' in the copyright
Only external validation is a link to etherscan.io; no real third-party endorsements or audit evidence
Stay Protected
Get real-time protection while browsing. Our Chrome extension helps protect against scams and phishing attacks.
Add to Chrome
Quick Actions
Registration Info
Registrar:ultahost, inc.
Registered:2026-02-26
Hosting Info
Provider:LayerSwitch B.V.
Location:NL
Help Others Stay Safe
Get protected and share safety tips with your community. Together, we can make the internet safer.