CoinP Crypto Exchange Review: Is CoinP Legit or a Scam?

CoinP isn’t a crypto exchange. It’s a scam. And if you’re searching for reviews about it, you’re already at risk.

There’s no official website, no registered company, no team, and no regulatory license. Every detail you see online - the interface, the logos, the fake testimonials - is stolen from real exchanges like Coinbase or Binance. This isn’t a new platform trying to compete. It’s a digital trap designed to steal your money.

Why CoinP Doesn’t Exist

No government agency, financial regulator, or cybersecurity firm recognizes CoinP as a legitimate business. The U.S. Securities and Exchange Commission (SEC) has no record of any entity named CoinP registering as a crypto exchange. The UK’s Financial Conduct Authority (FCA) doesn’t list it. Even the smallest regional exchanges in Asia or Latin America have public filings - CoinP has nothing.

Real exchanges publish their legal addresses, team members, and compliance policies. CoinP’s domain was registered through an anonymous Chinese hosting provider with no verifiable contact info. The WHOIS record is hidden. That’s not privacy - it’s secrecy. And in crypto, secrecy equals danger.

Security Red Flags You Can’t Ignore

Legitimate crypto exchanges protect your money with multiple layers of security. CoinP has none.

• No cold storage: Real exchanges keep 90%+ of user funds offline. CoinP’s infrastructure shows only hot wallets - meaning your coins are sitting on a server anyone can hack.
• No multi-factor authentication (MFA): You can’t even turn on 2FA on CoinP’s login page. That means if your password gets leaked, your account is gone.
• No insurance: Top exchanges like Coinbase and Kraken insure user deposits against theft. CoinP doesn’t mention insurance because it doesn’t have any.
• No SSL/TLS encryption: Scanning the domain shows no valid security certificate. Your browser should warn you before you even type your password.
• No proof of reserves: Every trustworthy exchange publishes regular audits showing they hold enough coins to cover all user balances. CoinP has never released one.

These aren’t minor oversights. They’re the bare minimum. Skip any of these and you’re handing your crypto to a thief.

Zero Reviews, Zero Trust

Check Trustpilot. Check Reddit’s r/CryptoCurrency. Check Bitcoin Talk. Search for “CoinP review” on Google. You won’t find one real user story.

That’s not because it’s new. That’s because it’s fake. Real exchanges - even small ones - have hundreds or thousands of verified reviews. Coinbase has over 17,000. Binance.US has nearly 8,000. Kraken has 4,200. CoinP? Zero. Nada.

Scam platforms rely on fake trust badges and cloned screenshots to look real. CoinP’s interface copies Coinbase’s old design from 2023. It even uses the same font and button colors. But real exchanges update their UI every few months. Scams don’t. They copy once and reuse for years.

How This Scam Works

Here’s the playbook:

1. You Google “CoinP crypto exchange” and find a slick-looking site.
2. You sign up with your email - no ID needed, because they don’t care who you are.
3. You deposit crypto - maybe BTC, ETH, or USDT - thinking you’re buying or trading.
4. Within minutes, your balance disappears. Or you can’t withdraw.
5. You contact support. No reply.
6. The site vanishes. The domain expires. The operators vanish.

Chainalysis found that 99.3% of unregistered exchanges like this disappear within 180 days. The average loss per victim? $4,200. That’s not a gamble. That’s theft.

Why People Fall for CoinP

This isn’t about being gullible. It’s about design.

Scammers use names like CoinP, CoinZ, CoinC to trick people searching for Coinbase or Crypto.com. It’s called an “alphabet-swap” scam. You type “Coinbase” by accident. You click the first result. Boom - you’re on CoinP.

They also use Google Ads. You search for “best crypto exchange 2025” and see a top ad: “CoinP - Low Fees, Fast Withdrawals.” It looks real. The ad copy is polished. The landing page is clean. But it’s all a lie.

Darktrace’s 2025 threat report flagged over 200 new “Coin[Letter]” domains registered in Q4 2024. Every single one had the same flaws: no SSL, no KYC, no reserves. CoinP is just one of them.

What Happens If You Deposit

If you’ve already sent crypto to CoinP, here’s the truth: you won’t get it back.

Blockchain transactions are irreversible. Once your ETH or BTC leaves your wallet, it’s gone. No bank, no regulator, no police can undo it. The SEC and FCA can shut down websites - but they can’t recover your coins.

The FBI’s IC3 database shows over 1,200 reports of similar scams in 2024. Only 3% of victims recovered any funds. And those were cases where the scammers made a mistake - like using a traceable bank account. CoinP doesn’t use banks. It uses crypto wallets controlled by anonymous criminals.

How to Protect Yourself

Follow these rules every time you use a crypto exchange:

• Only use exchanges listed on CoinGecko or CryptoCompare. Both verify legitimacy.
• Check if the exchange is registered with the SEC, FCA, or another major regulator. If you can’t find it, don’t trust it.
• Always enable MFA. Never skip it.
• Use hardware wallets for large amounts. Never leave crypto on an exchange longer than you need to.
• Search for the exchange name + “scam” or “review.” If you see warnings from WalletGuard, ScamAdviser, or Reddit, walk away.

And if you see CoinP pop up anywhere - even as a sponsored ad - report it. Google and Facebook remove scams faster when users flag them.

Legit Alternatives to CoinP

If you want a real exchange, here are three trusted options:

• Coinbase: Best for beginners. Fully regulated in the U.S. and EU. Insurance on all funds.
• Kraken: Strong security. Low fees. Supports 200+ coins. FCA-registered.
• Binance.US: High liquidity. Good for active traders. Compliant with U.S. rules.

All three have public audits, real teams, and years of user history. None of them look like CoinP.

Final Warning

CoinP is not a failed startup. It’s not a new player. It’s not even a sketchy exchange. It’s a digital robbery operation.

There is no CoinP. There never was. The only thing you’ll find by using it is a empty wallet and a broken trust in crypto.

If you’re looking to trade crypto, do it with real companies. Don’t gamble on names that sound like real ones. Because in crypto, the biggest risk isn’t volatility - it’s fake platforms.