Broker Review

Unauthorised Platform Details

Name: CoinFast
Website: coinfast.fun

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Overview

CoinFast presents itself as a cryptocurrency token launch and investment platform, promoting services such as ICO participation, token creation, and crypto project investment. However, multiple independent reviews and user reports raise serious concerns about its legitimacy, transparency, and security.

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Platform Claims

The platform claims to offer:

• Easy token creation and crowdfunding for crypto projects

• Investment opportunities in newly launched tokens

• Control over funds with minimal barriers

Despite these claims, there is no verified evidence of regulatory oversight, audited performance, or secure custody of user funds.

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Regulatory & Oversight Concerns

• CoinFast is not registered or licensed with any recognized financial authority.

• Ownership and company details are hidden, providing limited accountability.

• Risk-assessment tools and user reports flag the platform as high-risk due to anonymous operations, new domains, and lack of regulatory supervision.

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Transparency & User Complaints

• No clear legal registration, leadership, or audited credentials are publicly available.

• Users report issues such as wallets being drained, accounts locked, or unauthorized transactions after depositing or connecting wallets.

• Marketing emphasizes “quick profits” and ease of token creation, which are consistent with common warning signs of crypto scams.

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Major Warning Signs

• Unregulated and anonymous ownership

• Newly registered domains and masked operator information

• Unrealistic profit promises and high-risk token claims

• Reports of inaccessible funds and wallet drains

• Negative reputation in user forums and risk-assessment tools

Collectively, these factors indicate that CoinFast is a high-risk platform and potentially fraudulent.

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Investor Caution

• Avoid depositing significant funds or granting wallet access unless the platform can verify legal registration, regulatory oversight, and proven withdrawal reliability.

• If funds are already involved, attempt a small withdrawal test before committing more.

• Keep records of all transactions, communications, and account activity.

• If withdrawal is blocked or unexpected fees are requested, stop further payments and report the issue to your local financial regulator or cybercrime authority.

• Prefer platforms with verified regulation, transparent ownership, audited performance, and a proven track record of withdrawals.