QoinPro is one of the crypto currency faucets which are called scams by some, but the actual scam/legitimate status of which is difficult to define. The description which fits this operation best is arguably one provided by one of the bitcointalk posters, who chimed in on the thread about QoinPro. He called it a “waste of cyberspace” and indeed, from a profit-oriented crypto currency enthusiast’s perspective, that’s precisely what it is.
The operation itself is indeed legitimate, in the sense that the company listed in the About Us section of the site does in fact exist. Other than that though, nothing at QoinPro makes any sense.
 | Were you SCAMMED online? Recover Your Money Now! |
 | Crypto Betting Platform (CFDs) |
 | Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
What exactly does QoinPro offer?
In name at least, it is a wallet service, which hands its clients some virtual currency for free every day. That’s right. One isn’t even required to make use of the wallet service. Signing up is free and as soon as one completes the registration process, he is ready to start receiving minute, trace amounts of Bitcoin, Feathercoin, Dash, Litecoin, Peercoin and Virtacoin every day. Digitalcoin, Dogecoin, Earthcoin and Infinitecoin unlock once a specific period of time passes. To unlock the final coin the Worldcoin you must get credits.
According to qoinpro.com, “credits can be used for unlocking features or coins. For every SMS you sent, you will receive 10 credits in your account. You can send as many SMS messages as you like. The cost for the SMS is automatically charged as a one-time fee to your phone bill.”
That’s not the only way one can earn virtual currency through QoinPro though. Following registration, every QoinPro member gets a unique referral link, which he can use to bring others into the fold. For such referrals, one will then receive a given percentage of the coins his referred peers earn. This referral system goes 7 levels deep, but its earning potential shouldn’t be overestimated: according to forum posts from actual QoinPro “clients,” nothing ever amounts to anything with any sort of significance at the site.
About QoinPro
In the “Our Mission Statement” section of the site, QoinPro state that they’re aiming to introduce new people to the crypto currency scene, to spur the adoption of crypto currencies and to educate those interested in this vertical. Exactly how they aim to accomplish all these goals is something of a mystery though, because nothing they do seems to actually move things forward in this direction. Listening to feedback from the community is another one of their stated goals, but given how nowadays their support staff hardly ever replies to those seeking assistance, this angle is a write-off as well.
The future goals of the operation are unsurprisingly murky though. In the section dedicated to this subject, the above covered mission statement is essentially repeated. It’s obvious that these guys don’t plan on doing anything differently in the future from what they’re doing right now.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
QoinPro Reviews
The funny thing is that back when the bitcointalk.org thread for the operation was launched, in February 2014, some users actually asked about the business model of the faucet. The main promoter then told people they had very concrete monetization plans for the future and that the money they were handing out on a daily basis, came from certain private investors. Unfortunately, nothing became of that dangled business model and people slowly but sure grew disillusioned with the operation, for several reasons.
First of all, the pace of accumulating crypto-currencies through this obviously unsustainable model, was too slow for most. Secondly, no one seems to have ever withdrawn any coins from QoinPro. Whenever someone attempted to make a withdrawal, the wallet address to which the withdrawal was supposed to head was deemed to be “not validated.” The bottom line is that even those who have a “balance” at QoinPro, only have it in name. There is no actual money there. That would indeed explain how the operation has managed to survive this long, and how its business model is in fact indeed sustainable.
The question inevitably arises though: what exactly do the people behind QoinPro stand to gain from this setup then? Some have speculated that the operation is nothing more than a funnel to collect the email addresses of those interested/involved in the crypto currency vertical, to then re-sell them for targeted marketing. Logically, that may indeed be the driving force behind it all, as nothing else seems to make any sense.
Bitcointalk.org has provided an accurate picture of the evolution of the operation over the years. From its beginnings, when people were still enthused about its offering, to present day, when it is widely regarded as useless at best and as a scam at worst.
Reddit has a few threads on QoinPro too, and none of them are kind to the operation. The conclusion drawn through all these channels seems to be that QoinPro is indeed utterly useless.
So is QoinPro a Scam?
While the main pitch of the site may seem to be too-good-to-be-true at first glance, at a closer look, it is not really that. There is no cloud mining, HYIP or pyramid scheming involved, and it doesn’t look like these guys are out to steal people’s money.
The QoinPro site does feature an About Us section, which offers plenty of information on the company and people behind the operation.
Based in Hong Kong, QoinPro Ltd. has been launched in February 21, 2014. The company address is 1206, Eastern Commercial Centre, 397 Hennessy Road – Wan Chai, Hong Kong S.A.R. QoinPro Ltd. is in fact registered in Hong Kong, under the business registration number 62774936-000-02-14-0. The Managing Director of the operation is Wouter S. van der Schagt, who had founded a couple of webhosting companies in the Netherlands and Hong Kong, before QoinPro.
First registered in January 2014, the qoinpro.com domain name does indeed belong to Wouter S. van der Schagt, and the registrant information is public. The global Alexa rank of the site was 94,556 at the time of writing, which makes it surprisingly popular indeed, especially in Nigeria, the US, India, Russia, and Brazil among other countries.. The authority rank of the domain is 35/100 and it doesn’t seem to have a spam score attached.
QoinPro Review Conclusion
QoinPro is in a special league of its own when it comes to legitimacy. The operation is not a scam in the classic sense of the concept, as it doesn’t actively steal people’s money. It is quite useless however, and as some have speculated, it may be nothing more than an intricate ploy to collect email addresses from those involved in the crypto currency industry.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
If you feel like you’ve been scammed by QoinPro, please leave a comment below sharing your experience.
To join our member list and receive additional scam warnings from us directly to your inbox, please subscribe to ScamBitcoin.com!
NAO CONSIGO ACESSAR O SITE DA MINHA CONTA NO HTTPS;//QOINPRO. ALGUEM SABE COMO ACESSAR? E MINHAS MOEDAS?
I opened an account with Qoinpro and began depositing Bitcoin since they said they would back pay for the hard forks. I never received those then when I tried to withdraw my Bitcoin they wanted a huge fee. Finally I decided to go on and pay the fee but I got a message that they couldn’t verify the bitcBitcoin wallet. No one else has a problem, now the website is down and supposed to be up today, but so far nothing.
June 10, 2018 Still no sight, no coin, money gone.
try dev,qoinpro.com
found this info on alexa.com and was able to login dev.qoinpro.com
Thanks for the info. I made a withdraw, but paid a HUGE fee, I’ll have to see if it really goes through. If so at least I recovered some of my losses.
Well, I was able to access my account on August 15 and make the withdraw. Today is the 18th and it hasn’t been credited to my wallet. Lesson learned, if it sounds to good to be true, it probably is.
How can I find the website dev.qoinpro.com on alexa and log in? Please ask me how to use thank you.
The website is currently undergoing a massive upgrade and will be back online on or before March 30 (Friday). This is a week later than expected, apologies for that. All issues relating to forks / withdrawals and faucets will have been resolved. Thank you for your patience. If you need any withdrawal processed quickly, please contact withdraw@qoinpro.com
No it won’t…
Liar!
Your comment is clearly meant to distract other people because I did not receive any of my BTC ever!
I joined qoinpro back in the beginning I had always felt like it was a scam had made it to sr ambassador level cpuldnt do withdrawals . Tried to log in a year ago the site was gone decided to look at thee site aagain 2 weeks ago had all these coins in their site just new design .never spent a dime on it sso decided to withdraw all the coins . Granted I’ve been screwed in many different programsx before well some coins withdrew fast took 9 days for my doge and 11 days to get my bitcoin. I’m shocked I actually got all my withdrawals by day 11 . So shocked now just more confused then ever
Unless they paid me hoping I’d deposit to one of my wallets or maybe buy their credits
Hi,
I deposited 1.28148 BTC, end of December 2017, on their platform on my account.
I have been sent several mails since December 28 to claim the tokens LBTC, UBTC, SBTC and B2X and I have not seen anything appear on my account.
In addition, I received nothing for the following ranges:
B2X – Bitcoin SegWit2x – December 28, 2017
BCO – Bitcoin Ore – December 31, 2017
BCP – Bitcoin Cash Plus – 1st January 2018
BTA – Bitcoin All – 1st January 2018
BPA – Bitcoin Pizza – 1st January 2018
Excited not to receive the forks, I made a withdrawal of my bitcoins on January 09, 2018.
The payment has never been made.
I contacted QOINPRO several times on the support and the tweeter and I have absolutely no news of this withdrawal.
Do you think it would be useful to launch a cybercrime group procedure with the Hong Kong authorities?
Report Cyber Crime:
police.gov.hk/ppp_en/02_er_room/index.html
Dagstar
they are swindlers, they lure “free coins” that can not be accumulated even to pay for the commission, and the charging of coins from a fork Bitcoin, in the end, the coins that you will get to the purse of Qoinpro will be stolen, and you will not get a feedback. Contact the police.
QOINPRO SCAM – 504 Gateway Time-out
HA HA HA HA HA!!!
same problem.I processed a withdrawal on 23rd NOV AND ANOTHER ON 28TH NOV.Now Dec 8th and nothing received in my requested wallet address.I have emailed support numerous times and to their twitter account.No action but will update if there is action.be very careful….
I WANTED TO WITHDRAW MY 0.1 BTC FROM QOINPRO, BUT EVEN AFTER 10 DAYS NO TRANSACTION IS COMPLETED. WHEN I SEE MY TRANSACTION IT SHOWS AS WITHDRAWN BUT I DID NOT RECEIVED IN MY WALLET. I SUBMITTED NUMEROUS TICKETS, BUT TO NO AVAIL. PLEASE TELL ME WHAT SHOULD I DO AS I RECEIVED NO RESPONSE FROM THEIR SUPPORT DESK AS WELL. I THINK THAT THEY ARE FRAUD.
Coinpro is indeed a scam. Read here the class action lawsuit that people are preparing: bitcointalk.org/index.php?topic=2400568.msg24550317#msg24550317
BTW. They stole my 0.25 BTC.
hi thomas,i would also like to join the class acton suit.hk police made a warning about this site 2-3 weeks ago.they are definitely criminal, they will steal any deposits made.the fool has no idea about creating bad karmas.we might meet him in hell one day.
Hi Terry.
Can you please put me include on the list for joining the class action suit if you hear from Thomas.I would appreciate any help you can give me on this.Thanks very much. Pary
They stole 0.52 BTC from me. QoinPro is either a scam. The owner, wouter van der schnag, is either an incompetent fool. Or both. He doesn’t respond to emails. Support tickets are useless. Withdrawals are handled manually. It is a horrible place.
Please watch this video:
youtube.com/watch?v=SAY5ssDjZYc&t=375s
Do NOT deposit your BTC with QoinPro. You may be sorry. You’ve been warned.