Profit Coins by Rocio Knight is a cryptocurrency trading platform offering “up to 1% profit per day.”
To make use of this invest all you need is to invest a minimum of 150 Euro. No prior knowledge is needed.
Someone versed in the ways and pitfalls of the crypto industry can cast a solid verdict on ProfitCoins.io after a glance or two at the website.
What do these guys peddle?
A get-rich-quick scheme, offering a 1% daily ROI, which is hyped to “last forever,” is completely free and requires no skills on the part of the client.
 | Were you SCAMMED online? Recover Your Money Now! |
 | Crypto Betting Platform (CFDs) |
 | Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
Should we even get into further details on this? Let’s do it anyway…
How does the ProfitCoins software work?
As a general rule, you should always consider every offer that fits the mold of “too good to be true,” to be a scam.
In this instance, we are dealing with a crypto-focused, auto-trading solution, which takes advantage of arbitrage.
It buys a certain amount of a certain crypto at one exchange, and it sells it at another exchange, for a profit. All this occurs within a few seconds, otherwise the profitability of the setup may slip away.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
This way, it is claimed that return rates of 30% per month are achieved “consistently.”
The feat does not require any kind of expertise on the part of the user and the system is available for free, with no strings attached.
If that is not the definition of “too good to be true,” nothing is.
If someone actually developed such a system, the last thing on his/her mind would be to share it with the public.
The way the Profitcoins.io sales pitch is delivered falls well short of the mark too.
The website itself – while looking OK-ish at first glance – ends up raising quite a few red flags under closer inspection.
The people behind it -purported to be real and genuine – are presented with pictures that look a lot like stock photography.
Indeed, the alleged founder and director, a certain Rocio Knight, has a LinkedIn profile too, with the same picture and not a single different one. There are no other traces of this person anywhere online.
The website itself, has been set up from the get-go with the copy featured now. Yes, that includes the 3,500 alleged clients the operator has.
A person who apparently worked on the project as a freelancer, hired online, makes it clear in a comment made on a profitcoins.io review, that the whole thing was set up the way it currently is, from the get-go, so the information presented on the site is all fake.
To add insult to injury, the said person has also revealed that the perpetrators of the scam actually scammed him and another person who worked on the “project” too, as they never saw any remuneration for the work they’d put in.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
The alleged address of the company behind the profitcoins.io brand is non-existent.
There is no operation of this type located at 122 Leadenhall Street, London.
The user testimonials featured on the homepage are not just obviously fake, one of them used to feature a rather hilarious slip-up as well.
The testimonial of Franziska B., an alleged “mother of two” and participant in the profitcoins scheme, used to feature “PROJECT NAME” instead of the actual Profitcoins name, making it ridiculously clear that the whole thing had been drawn up way before the actual name of the “project” was even established.
This mistake has since been corrected, as the perpetrators themselves probably read the musings of the Bitcointalk forum participants who had spotted the slip-up.
Another interesting twist is, that while the company is allegedly based in London, and that it is a global operation with clients in every corner of the globe, all the names of the testimonial providers are German.
What does that mean?
Not much really: it is just an awkward and unnatural pattern, which also indicates the artificial nature of these testimonials.
Bitcointalk is not the only channel used by crypto community members to bash the Profitcoins.io scam.
Trustpilot is another platform where scores of complaints have been published, despite the best efforts of the scam perpetrators to influence their overall review-ranking through fake positive reviews/appraisals.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
The positive reviews on this page are all very brief and in the same vein, making it clear that they are indeed quite artificial.
The complaints on the other hand follow much more randomly natural patterns. Some of them go on and on, while others deliver the verdict within a sentence or two.
The conclusion that can be drawn from these reviews is obvious: it is extremely easy to deposit cryptos with Profitcoins.io, but making a withdrawal is an entirely different issue.
Moving on the whois information of the Profitcoins.io domain name, we bump into yet another major red flag: none of the relevant bits of information (more precisely those about the identity of the registrant) are publicly available.
Furthermore, the domain seems to have been registered from Turkey.
People at Bitcointalk have linked the operation to a certain Senem Erdogan, so that bit seems to make sense – not that it inspires any trust at all.
The Pofitcoins.io Ponzi dimension
Just when we thought Profitcoins.io couldn’t fare any worse in a review, we’ve discovered a Ponzi-scheme feature to it too: the scam encourages users to bring others into the fold, offering them certain rewards.
Complaints We Received
On November 23, 2023, we received the following complaint from a person who reported being scammed for $3.6K:
Years ago, I used profitcoins.io but never received my $3,000 back. It turned out to be a scam. I also transferred $30,000 to an acquaintance claiming he needed assistance with his crypto account. He said he had cancer and promised to repay me, but never did. I still have his contact information on Telegram. Additionally, I paid $3,000 to someone for trading assistance, but he lost it all. After I requested repayment, he blocked me on Telegram.
Profit Coins Review Conclusion
As cryptocurrency scams go, Profitcoins.io is what one would call a “hot mess.”
It has major problems on the credibility front and for someone versed in the ways of the industry it screams scam from the get-go.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
Here’s a rundown of its top “sins”:
- It is too good to be true
- Its pitch is shoddy and lacks every semblance of credibility
- It has a Ponzi dimension
- Its reputation is abysmal
- It fails every step of the way marketing-wise
- There’s great secrecy surrounding its pushers.
404/5000
I read a lot of bullshit but nothing compared to what I read here. Quit being stupid and study a little before you come here to talk nonsense. Arbitrage is something cool and completely acceptable. I did arbitrage manually for 3 years with profits above 20% a month getting more than 10 hours a day connected to 7 exchanges around the world. Profitcoins can with their robot do much more and better than that. DONT BE STUPID!!!!
We should be sue them all together. Is there any forum where we can represent our self against them?
That is a great question. Are you in Britain? I am in the US
Agreed! They scammed me also.
Absolute scam, while I didn’t lose much, they have an automated reply system, promising to give you withdrawals and they never process them.
Warning: Please read this before giving ProfitCoins any of your hard earned money:
Also: please notice carefully that all of the email addresses listed for ProfitCoins below were returned as undeliverable.
April 18, 2019
Good morning.
I have been having problems with your website profitcoins.io
I have been gradually investing money with your website and Company beginning March 1st 2019. I have invested $300 U.S. to-date which you still have in my ProfitCoins account as of this morning April 18, 2019.
I read numerous reviews when your company before investing. They all seemed to be favorable.
I have not had any major problems with the exceptions of logging into my account on the weekends. The site seemed to be down for maintenance each time that I attempted to log in on Saturdays and Sundays. I didn’t pay much mind to it. I figured that you were doing maintenance on the site on the weekends. I eventually was able to access my account again each Monday.
In order to give your company and new website a try, I have initially made three separate deposits to ProfitCoins in the amount of $100 U.S. each through CoinMama. I was initially impressed at how rapidly I started to profit.
However, as a test, I decided to make three withdrawals in March 2019 as follows:
Profitcoins Withdrawal Request
3.06.2019 0.00088 (successful)
3.11.2019 0.0009 (successful)
3.24.2019 0.0008 (successful)
These are the ‘only’ withdrawals that I have been able to make from my account. I have attempted to make withdrawals this month (April 2019) unsuccessfully.
Each time I have attempted to make a withdrawal, I have received an error message that stated that I needed to wait until the previous withdrawal was processed (please see attached screenshot).
This immediately alarmed me…as I have not been able to successfully withdraw anything from my account in the month of April. It is almost as if someone other than myself were making withdrawals from my account.
I immediately began chatting with Marcus in your fresh chat online customer service window. (Please see our conversation attached below.)
I have initially been impressed with your company and website. I have had others to inquire about it as well. I have given it a favorable thumbs up until now. I have also been sharing it with other individuals as well. But, before I invest any more of my money with you or share the opportunity with anyone else, I would like to know what’s going on with my account.
Can you tell me when this problem will be resolved?
I would like to be able to have access to my investment when necessary.
Thanking you in advance.
Best regards
Dartanyan Terry
Email address of record: Pskyyy64@gmail.com
Attachments: (see attached screenshots)
cc:
Headquarter@ProfitCoins.io,
Legal@ProfitCoins.io,
Press@ProfitCoins.io
Freshchat conversation with your representative Marcus beginning on April 15th 2019 is as follows:
Here is a copy of the letter I just shot off to those email addresses, as well as to the IMs:
Dear Profitcoins,
I have been utilizing your website and application since March, 2019.
On April 3, 2019 I requested a withdrawal from my profitcoins account in the amount of approximately $2,500.00 USD to my Coinbase account. A previous withdrawal in the amount of approximately $120.00 had proceeded successfully a few days before, without much of a delay.
I have now waited 21 days for the current withdrawal to transact.
Your website states:
That payouts take, “2–3 working days. Once you apply for the payout, Profitcoins will begin to profitably close your open positions. Your desired amount will then be transferred to your wallet.
All withdrawals will be processed on Sunday.
These have proven to be untrue.
If there is no suitable response, I will be compelled to notify several agencies about the fraudulent nature of Profitcoins.io commerce.
Here are just a sampling of some of the agencies I will report this information to:
Action Fraud UK
actionfraud.police.uk/
The US Government website
usa.gov/stop-scams-frauds
The US Federal Trade Commission
ftccomplaintassistant.gov/#crnt&panel1-1
The US FBI Internet Complaint Center
ic3.gov/default.aspx
E-Consumer International Complaint Center
econsumer.gov/en/SelectAType/1#crnt
The US Better Business Bureau
bbb.org/scamtracker/us/reportscam
Additional agencies will be reported to, in the event no communication from Profitcoins.io is forthcoming.
Sincerely,
Andrew Scott
The same is happening to me. I deposited £500 worth of bitcoin back last year as you say trustpilot reviewed them favourably. Then I started to see more and more articles about it being a scam. I requested withdrawal of my funds (including profit) last week and nothing as yet. “Marcus” replied to me on the web chat with the same spiel everyone seems to be getting “I will contact accounting”. I’m now going to report them on action fraud UK although I have no clue what their trading number is or their address as it’s been removed from the site. There is one on companies house listed as “Profitcoins Trading Ltd”, with an address on Baker Street in London and still active. I have no clue if this is the same company. If you have the correct trading number please could you share it with me? We need to make a collective case against them. Thank you!
Please let me get involved with you folks I was taken for 5k$ usd and I’m pissed the fuck off I’m about to fly to UK myself and track these fucks down!!!! My email address is whatthehaildude@gmail.com would someone please respond to me there on what actions I should take thanks
Did you get any response to your email or did you have to proceed to reporting the fraud?
I agree. I am open for suggestions.
I too have waited now 3 weeks for a payout.
I suggest we organize our efforts.
Sad. I invested with them. A loss. 😕
I was skeptical of the service as you should be, so i decided to deposit around 500$ worth of bitcoin everything seemed good i was turning a profit, and they let me withdrawal all 500$ worth of bitcoin i had so i decided to increase my investment to .6 btc around 2100 usd i let that ride a little while and got the funny feeling to see if theyd let me get it back even though i had no issues in the padt and boom.now itd been over a month and i still haven’t received my bitcoin and all you get from the company is replys from a guy called marcus saying that the issue has been sent to the accounting team and that they will.let me know when there is an update. Yeah right… DO NOT PUT MONEY INTO PROFITCOINS UNLESS YOU LIKE BEING SCAMMED. i have photos of every chat with support and my investments. I lost 2100 it doesnt have to be you too.
On going 5 months with no prevail there has to be something we can do to stop this scamming!
Tyler, let’s organize. All of us.
Let me know what you guys are going to do, I deposited money as well.
i tranfered to another platform about 0,0022btc but recived less then 0,0001btc they just stole the money profitcoin is scam dont trust them