Topic: Coinpayments.net is pure evil scam (Read 3849 times)

Sorry but you are blaming the wrong person here. Coinpayments is merely a payment processor-- a tool designed to help merchants accept cryptocurrencies. Just like how exchanges (and its wallets) can be used by scammers, the same also applies to these payment processors. Unless you're saying this obscure website was endorsed by them which I doubt happened.

Try to report the website for fraud in coinpayments, maybe they'll ban them or something.

coinpayments.net is 100% Scam
coinpayments.net is 100% Scam
coinpayments.net is 100% Scam
coinpayments.net is 100% Scam
coinpayments.net is 100% Scam
coinpayments.net is 100% Scam
https://giftmarket.top/ is 100% Scam
https://giftmarket.top/ is 100% Scam
https://giftmarket.top/ is 100% Scam
https://giftmarket.top/ is 100% Scam
https://giftmarket.top/ is 100% Scam


i didn't learn coinpayments.net
until you fall victim to it.
it links to a site https://giftmarket.top/ to sell cheap gift cards
and the payment method is to transfer money to the wallet of coinpayments.net
you will never receive gift card after money transfer
you will also never get refund from coinpayments.net
Stay away from it and warn everyone

Latest update about my case. I am not going to get back my BTC with the reason since the TX fees would be more than the refund amount, my BTC will just disappear into their pocket.

If they are asking me to pay 0.00005000++ BTC just to send 0.0001 BTC, then what's the point with the existence of Coins? We all use coins because of low transaction fees, and they are asking you to pay 50% TX fees, otherwise they will sent you a timeout email and your BTC will go to their pocket.

Think twice before you decide to use Coinpayments.net.

I agree be careful with coinpayments.net. Their support is rude and complicated if you want to submit for a refund. They does not try to understand the whole situation and simply telling you no, no refund. My situation is pretty simple. I bought an ads package offered by merchants. It doesn't cost much, just 0.0001 BTC. Without any delaying after confirming my purchase, I immediately transfer BTC to the address provided. After couple of hours, I receives and email from coinpayments.net that my transaction has timed out. I checked my BTC transaction and stated it is still under 0/3 confirmation. I just ignore it for about 10 hours. I check my BTC transaction again and finally it has already confirmed.

Since coinpayments.net earlier email stating that this transaction has timed out, so I issue a support ticket asking for refunds. Their reply was my funds didn't confirm until after timeout due to not including enough TX fee for the Bitcoin miners. I checked my wallet transaction history and clearly see that I have paid 0.00000567 fees for 0.0001 BTC transfer. So their reply was I pay too little fees, so those miners takes time for confirmation. By the way, I purchase ads package from 2 websites and 1 went through without any problem. Both package were bought and payment were sent at the same time, but 1 timeout email received after about 3 hours. It took about 4 hours for the both packages that I have paid to confirm.

Of course someone here might say just $1 worth of BTC, forget about it. It is not about how much the value are, it is about the problem on coinpayments.net. They can easily sent you a timeout email, then your BTC can just disappeared in thin air.

Coinpayments wallet is one of the most used and successful cryptocurrency wallets that we do have in the market right now. CoinPayments is safe, secure, offers a lot of features for sure and the price charged is also minimal. For more about coinpayments, Here is the Best review: https://cryptosoftwares.com/blog/coinpayments-review/

Hello, I want to warn everyone about unexpected payments using the service coinpayments.net !
I have some kriptonite bytecoin. I decided to use BCN to pay for my VPN.
 When forming a payment !!!!!!!!!!!!!! I didn't notice (distracted) iD of the payment.
BCN went off without a payment iD. (70 usd).
I wrote about the need for a refund in coinpayments.net !
Answer: it is necessary to pass KYC and fee 8%.
Thus, you can pay,but you can not return.
 I'm not a criminal,I just like minimal anonymity.
 I am not going to pass at them KYC.
 They're just intermediaries between me and the VPN service.
Be careful with coinpayments.net !

But I could not log in to my account because 2FA was included without my knowledge! It turns out I will never be able to log in to your account ?!     They have an answering machine responding - change the password .. and this is all called support ... I did not turn on 2FA ... then the admins themselves turned on 2FA so that I couldn’t log in ...

The issue I have is stated aboce ^^

Im not calling them out a scam but not having all the information is bad business practice for me. Missleading users to pay $25 to find out they need to pay 50K a year?

Thats like saying - Hey wanna join our team? give me $25 for the initial entrance fee (weeks later) - Hey by the way, welcome to the club! Now we need 50K a year  from you?

That doesn't happen. That is misleading and that is miss communicating.

Am I wrong in saying this?
If so please explain why?

While we can appreciate your concern over our hosting pricing, we would like to make it known that there is a significant amount of work involved in adding a new coin to our platform to provide a hosted wallet solution along with automated payment processing through our plugins and APIs. In addition, the ongoing maintenance and liability of users storing coins on our platform also comes with a cost.

However all that being said, we have just recently changed our coin hosting policy. Now instead of charging an ongoing monthly fee, we will instead take a deposit and then provide a FULL refund at the end of the 1 year term, provided that the coin provides advanced notification for any code updates/maintenance/forks/airdrops/swaps/etc...

Our coin hosting page outlines the requirements to be added and we will still charge the $25 application fee for the initial review of the requirements, but most importantly to ensure we only get serious requests (before we received too many requests from coin holders and spammers, and not the coin's core team).

To answer the other questions, all the coins we support can be seen on our supported coins page  (make sure to click the appropriate tab, eg. Crypto, Ether Tokens (Wallet + Payments), Ether Tokens (Wallet Only), etc...).

We are excited to further the adoption of crypto in the mainstream and we hope our new coin hosting program will benefit everyone!

CoinPayments Team

People are so quick to call companies a scam as soon as they don't like something even if it is completely unrelated to the actual problem they are experiencing. Here we have a guy who is conducting illegal operations and his account is shut down. Kudo's to CoinPayments for doing that IMO. When users are taken advantage of and its brought to their attention they act on it.

You are actually calling CoinPayments a scam when they are only trying to keep users safe and protect them. I hope you can see how ridiculous that sounds.

They spend a significant amount of time trying to prevent this type of behavior. Check out this blog article they just posted literally trying to protect people. https://blog.coinpayments.net/news-features/coinpayments-tips-to-avoid-a-cryptocurrency-scam

FYI - This is what you get after paying the $25 fee...So you pay $25 to find out you have to pay $50K per term

------------------------------------------------------------------------------------------------------------
```
Hi,

Thank you for your interest in having your coin hosted on the CoinPayments platform. At first glance, it looks like your coin will be able to be successfully integrated onto our platform, but if you would like to proceed we will need to take a more in depth look at your code.

In case you are not familiar with CoinPayments, we are the first and largest altcoin payment processor. We were founded in 2013 and were the first to offer payment processing capabilities for Ethereum and Litecoin. Since then we have grown to over 1 million merchants and users, across 235 countries and we have integrated over 450 altcoins into our platform.

By hosting your coin on CoinPayments, you can take advantage of the success we have achieved and benefit from the following:

Increased user adoption
Hosted solution for users to store, send and receive without having to download a desktop wallet
Support for ecommerce capabilities through easy to use APIs and plugins for all the major platforms
Save time/money building your own infrastructure
Great support/availability
Increased online presence with your coin being displayed to our users and website traffic
You may not have known that we have launched our own CPS Coin which will provide huge discounts within the CoinPayments platform when paying for our services using CPS Coin. Find out more info about CPS Coin here. Please see our pricing chart for coin hosting below:


TERM RATE  - PAY IN CPS COIN (50% OFF)

3 Months  € 50,000 - € 25,000 CPS

6 Months € 90,000 - € 45,000 CPS

12 Months € 150,000 - € 75,000 CPS

*ALL PRICING IS IN EURO (€)

All hosting packages include:

Initial Setup
Coin/Wallet Hosting
Maintenance & Updates
Marketing Package (Listing on our supported coins page, blog post showcasing your coin, social media announcements)
 

We accept payment in your coin (non-ERC20 , listed on CMC, listed on at least 1 large exchange), CPS Coin or any other coin (non-ERC20) we support.

If you have any questions or concerns, please feel free to contact me.

We are excited to get to work with you and your team!

 

Best Regards,

S*** M***

Operations Lead
*              www.CoCONNECT WITH US

CoinPayments Blog   twitter   instagram   slack

 
inPayments.net  

Coin Hosting Submission:
name = Godfather
coincode = XUEZ
coinname = XUEZ
coinurl = xuezcoin.com
coinalgo = XEVAN
source = https://github.com/xuez/xuez
Order ID: ab2460aec5d73e249e8dc8894db6f762
Tranaction ID: CPCF0BAJXHBYSLHPKDXRLFBLVL```

What about airdrop coinpayments that gives 100CPS coin worth $10 to the participants who register on the website coinpayments from 1 maret 2018 until the 1st of june 2018. whether it also includes fraud or just the lure of many users who use the service website and finally exposed to fraud also later? 

Lol ^This guy georgeso^

He's conducting illegal business, with "intention...to expand business and go entirely legal way" while running an HYIP. BTC-e and poloniex won't give him an account and he's calling CoinPayments a pure evil scam.

I feel really sorry for this guy.

In other news, CoinPayments is a great company and I have been working with them for years without problem. One of the oldest in the industry and constantly improving their services. Thumbs up!

Sorry to hear what happened to you, but you don't mention any details about what your business was or used to do...leads me to believe it wasn't on the up and up. Don't you think if you tried to run that kind of business with anyone, they would suspend your service or worse?

I've been using CoinPayments for a year now and it works great. I did have some learning curve issues at the beginning but that was more about learning crypto transactions than issues specific to CoinPayments.

Anyway, I highly recommend using them as a payment processor. Makes life easy and they have low fees.

Feel free to look at blockonomics. They don't ask for KYC/doc etc. and great for privacy. All checkout happens within your site

 
I am a newbie and registered an account here just to reply to coinpayments. I don't like hype site and any illegitimate business but coinpayments have no rights to take away or steal peoples money and feel be proud of doing so. The fact is Hype is illegal and stealing other money is more illegal than that. Overall that money owners are people so coinpayments steal peoples money and they confess that without any shame. That's why coinpayments will never be the biggest company like Google and they are really narrow-minded. If they had a good character they should at least return the money thinking of the people. Anyway my concept is now clear about coinpayments and will take my further right decision after reading this forum.

Who decides what is a Hyip site? If it's ilegal the company in this case Coinpayments should advise or report to authorities. Now if any wallet company decides to close any wallet from thems clients, who should really we trust?

Better use a hardware wallet. I was loking for a XRP wallet, but with this info I see all electronical wallets are taking advantage and freeze any wallets just if they want to.

Strange, because i did not have any problems with coinpayments. Of course, i did not run any "hyip site". 

Thanks for confirming that. Using double standard is something natural in coinpayments. I hope many future customers can see that and they will decided to not to use your services in the future. Looks like you can change your mind every single second and decide that you don't like customer A any more and steal his money also.

Who me? don't look at me like I'm some sort of business owner here, I'm just a legitimate beggar and shit poster first lol. we stole your stolen money because we could, there is absolutely nothing that you could do to stop us from doing the same thing with other ponzi owners, second lol.
That crappy paypal doesn't give, they'll just take your money when they figure out you were doing the crypto currencies. third and last lol.
If they were pure scam, no body would've used their services, your case just shows how serious they are about their business.

Well that doesn't answer why do you use double standard. On one side claiming that you are blocking hyip sites and on the other side just integrating regalcoin which is nothing but pure hyip site.

Also that doesn't answer why do you steal money from my account. You blocked it with no access, no timeframe on funds release, nothing. Even crap PayPal gives you an option to release funds after certain time.

You talk about scammers a lot but you are one of them. You stole the money from my account.

I don't see any legitimate business owners working with coinpayments speak of something like this, of course you could register a UK company with $100 and honestly they all are scammers, %99 of all UK registered companies are active in fraud and hyip schemes. you better go and install dozens of wallets on dozens of safe computers, then you'll understand why people, legit businesses need something like coinpayments.

Oh man this is absolutely insane. Company called coinpayments.net which blocked my account and stole my money, accusing me of running hyip sites and blocking all reported hyips sites in the past just added regalcoin (fake coin from hyip site) to their supported coins lists

Is this a joke or just double standards they use?

Do you mean a Blockchain.info contact form? You can send them a support ticket in this page[1].

[1] https://support.blockchain.com/hc/en-us/requests/new

---

There are other alternatives you could try out. For example:

Cryptonator - 0.9% PROCESSING FEE and 11 SUPPORTED CURRENCIES;
https://www.cryptonator.com/merchant

I am having issues with them also.  I could not find a contact informatio. Do you know it?

why don't you use blockchain.info?

I've found something: https://github.com/spesmilo/electrum/blob/master/lib/commands.py

It's the getunusedaddress command.

So basically i have to connect to Electrum on localhost:7777 with curl and issue  getunusedaddress with Force=true and it returns me a new address.

EDIT: actually the right command you need to call is addrequest , which internally calls getunusedaddress but the latter can not be called directly. Which is not needed i think,  AFAIK addrequest creates a new address everytime.

The only thing left to check is if i can restore all of my addresses with my Electrum seed if my computer fails.

Maybe i'll just test that on another machine

I am reading http://docs.electrum.org and http://matt.ramuta.me/blog/1419787186410-how-to-write-scripts-for-the-electrum-wallet
but they cover only a few of the calls we need.

We also need a call to create an address, because we need to receive a payment that uniquely identifies an order by user X for the product Y.

And i wonder if your Electrum seed can restore all the addresses you have on the wallet,  or it restores just the first one that Electrum created when you first launched it?
For example after you have received 100 payments you have 100 addresses on your wallet, one for each payment you received.
Suppose one day your PC burns and you get a new one.
If you install Electrum there and import your old wallet using the seed, will Electrum restore all the 100 addresses and balances ?

@Lionel

I think the most secure would be to run your own computer for 24/7. I think Electrum wallet can offer some API for that. I need to do some more research on the topic.

Surprisingly (or not) no one from coinpayments even bother to reply on this topic. It's a shame.

Your VPS solution is already better, even if not 100% safe.

Because even if you encrypt your wallet on a VPS, the server is still in someone else's hands or the "police" can seize it and technically rob your coins while the wallet runs.

They can just use your wallet from its interface while it is running, and withdraw your coins to their pockets.

@KindHearted

No, I wasn't registered agent (yet), but my intention was to expand business and go entirely legal way.
I agree that they should give me some time frame as the real company should do. For example, PayPal would give the option or at least they have the clear time frame to release funds. But here, there is nothing like that.

@Lionel

I think I won't trust any of the merchants again. Recent "adventures" with coinpayments, btc-e, poloniex which is denying to verify my account for nearly three months now lowers my trust for any of the "companies" dealing with BTC.

The best option would be to make your gateway. You don't need to have your computer turned on 24/7. You can always get some VPS server or dedicated server to act as your payment gateway. I think the good idea is to get "verification" before your business goes online. What I mean is sending the merchant your address and asking if they can check if it's ok with their ToS. If they are ok with that, you will have some proof that they agreed to work with you.

Very shameful.. i was about to use their services but now i am rethinking.

Merchants like us can benefit from a payment gateway API like Coinpayments or Bitpay which in theory is better than having a wallet on your local machine and call its RPC API to receive/send payments.

The latter is not the best solution because  you have to keep your computer running  24/7 at home.

So i was thinking to receive payments through Coinpayments or Bitpay and withdraw my funds from there to my local wallet once in a while or everytime i top 0.01 BTC, ... but from your experience i see that's not safe.

So what is an alternative solution than having to run a wallet at home 24/7 ?

Chances are that (at least) one of your customers denounced you @Coinpayments for some type of misbehaviour or broken promises.

Furthermore, unless the jurisdiction you are residing in, isn't a third world country,
chances are that you are technically breaking the law by accepting other people's money for engaging in trading activities.
(unless you are officially a "professional money advisor/consultant" or "professional investing/trading business relying on investors capital",
registered with the district court/chamber of commerce or other authorities/agencies depending on your jurisdiction)

Most civilized countries simply require such a registration, to halt and discourage frauds and scams perpetrated by thiefs and con-artists,
as they are usually reluctant to reveal their name and true identity by registering (if they have intention to steal from their customers),
and thereby offer some protection to their population.
Some countries like the U.S. may even require your customers to have an "accredited investor" status, depending on the securities or the
level of risk involved in trading those securities on their behalf.

However, if you have not committed any wrongdoing and always acted in "good faith" and in the best interest of your customers, i agree
that Coinpayments shouldn't have frozen any funds, but rather asked for an interview or conversation, in order to evaluate the situation.
If they refuse to work with you in future, i agree that they should have given you a warning or a time-frame until when they will close your
account with them, but at least process the last transaction/s. (as long as there are no strong reasons not to)

I'm sad to say that this site acting like the big merchant is a pure scam. Let me tell you why.

I used to have the small site, where investors were paying me money, I was trading them on exchange markets and giving the money back with promised income. Probably most of you will call that site HYIP, but I didn't cover withdraws for investors from incoming deposits. I had very good results from trading, so the site was working correctly.

I never used any proxy or fake emails etc. while dealing with coinpayments. Also, I was dealing with their support for several times, and there was never a problem with my site. Suddenly, after about 70 days of charging me fees (and believe me, they made some proper cash serving my customers), they decided to block my account. Just like that. No warning, no notification, just nothing. What is more, their crap system wasn't even able to give me the clear message saying what is going on. I had to wait a good few hours for their responses to find out what's the story.

So I just got response from them saying: "Funds are frozen pending fraud investigation. Your account is suspended indefinitely without a chance to appeal due to the nature of business your account was used for.  Your information including IP address and access logs will be here for authorities to review including all the dialog here. We do not tolerate scams, Ponzi schemes, email spoofing, theft or any other illegal activities."

So account is closed. Fair enough, they could change their minds not serving my customers and me. But why funds are frozen? What right do they have to freeze my customer's money?

They are very fast to close all the tickets giving answers which are getting me nowhere. Last few times they were saying that I need to contact them via snail mail if I want to get any answers about my account! In the 21st century they are asking me to send them a letter...

They have never replied to questions I asked by my attorney's advice like:

1. Who will be doing fraud investigation
2. What is the time frame
3. Who is mentioned "authorities" and how can I reach them
4. What is their phone number so my attorney can contact them.

All of those questions remained unanswered. All I got was something like "You need to get to Canadian court because we don't like you and we think you are not legit". I sent them my company's paperwork, and they said that I could get a UK company for $100 so it's nothing for them.

So if you read this, you are dealing with coinpayments then be careful if you have a UK company as they might steal your money because UK companies are cheap to get!

So now I have to prove that my business was legit (yes, "was" as I was scammed by coinpayments and btc-e) just because coinpayments are acting like a god.

Dear Mr Data and other staff members. Enjoy the money you stole from my customers and me. This is the weird coincidence that you blocked my account just after I topped up an account with some good income paid out from Bittrex. Now you can also enjoy stolen BCC as you got some on my account as well.

Stay away from the businesses like coinpayments.