Topic: [Unofficial] Coinpot.co - new microwallet - page 6. (Read 100540 times)

I requested my payment (100% affiliate income since 2017) on the 2nd of February in Bitcoin and DogeCoin and extremely unexpectedly, I just received Bitcoin Payment, but not dogecoin (at least not yet).

Scam, not sure but definitely trying to piggyback off Coinpot's name. Even the WHOIS information showed registrant country as GB, compared to the original's AU.

For these kind of new sites, I wouldn't touch them with a ten foot pole.

https://bitcointalksearch.org/topic/m.56492639
As of today these are withdrawal backlog numbers...

BITCOIN CORE
Total pending: 6.36339306 btc

DOGECOIN
Total pending: 3348716.48718156 doge

LITECOIN
Total pending: 285.73590367 ltc

DASH
Total pending: 154.26031936 dash

BITCOIN CASH
Total pending: 20.16640577 bch

If they were legit I don't think they would be using the same name as Coinpot. Having the same name as another faucet site might get you traffic but it is just confusing and not good for their brand. If anybody decides to sign up for this site I would suggest not depositing any money with them.

is this new site legit : https://coinpot.in/  ?

copycat scam ? Same name, different extension.

GOOD RESUME ! THANK YOU
let me just add one of my theory : the payout seen on blockchain transaction seems very suspect to me month ago, because they are all incremental, I think coinpot paid itself to "fake" withdrawers address (the addresses belong to coinpot itself)

>>People talking good things about coinpot.co might be people having business in faucet-referral programs or bet/gambling world, and they are interested in caughting other people into their business.

remember who is always talking good about coinpot here every time : Grahamlyons. Check his older posts !

it was my 2 cents.

I will explain for LAST TIME (review this or other forum for even further info):

1. Coinpot.co paid small quantities to users but the final big quantities will never be received (but remember they had LOT OF PAID ADS within their faucet sites).
2. People started to talk about coinpot.co as a very good site to learn about crypto and get some BTC for free (remember again the PAID ADS within their faucet sites).
3. Coinpot.co realized that they are growing unexpectedly and started to introduce its own token (WITH ZERO VALUE OUTSIDE THE SITE).
4. There never was an official token pair or price to compare, and the changes to/from BTC were extremely weird/random values (some people won but LOT OF PEOPLE LOST).
5. Coinpot.co started a new multiplier game (starting APPARENTLY PROVABLY FAIR) as there is many other gambling sites with this ALWAYS UNPROVABLY FAIR feature.
6. People started to talk about systems to get profit of this multiplier game starting with small quantities (at this point some users started to be addicted to coinpot.co).
7. Coinpot.co started a new token based challenges system and a new lottery game, with prizes in TOKENS for the users (remember that the token is USELESS out of coinpot.co).
8. The challenges system were MANIPULATED every month: unexpected errors at last month days made your position getting down from top (and stopping you to collect TOKENS).
9. Coinpot.co started a VIP rewards program. That program was OBVIOUSLY UNSUSTAINABLE (nothing to explain here).
10. There were some fooled investors who deposited BTC to get into the VIP rewards program. Some months after this, BTC price had increased a lot (BUT NOT THE COINPOT TOKEN).
11. As many users told, coinpot.co started to flag/suspend user accounts without any reason (I've never realized about this), but this should have warned the investors.
12. Coinpot.co announces that they closes the site and ALL withdrawals will be completed (NOBODY BELIEVES THIS).
13. The investors reconvert their tokens to BTC with a very high % of BTC LOST with conversion and BTC rally.
14. Small users withdraw the small quantities successfully but investors and lottery winners never receive their payments.

... and at this point, there is unbelievable that there is people who is still talking good things about coinpot.co.

Coinpot.co business was degradated into a long term exit scam. There is no worse blind than the one who does not want to see.

Remember: People talking good things about coinpot.co might be people having business in faucet-referral programs or bet/gambling world, and they are interested in caughting other people into their business.

I would find it extremely hard to believe my account got flagged.

I never used faucets and was 100% affiliate income.

Again, I'm not 100% sure if it got processed or not... I'm leaning towards no though.

It'd be nice to still have access to the account history.  O well.

It's misleading to say they made big batches. The size of the transaction might've been big but the payments were for really small amounts. I find it hard to believe that only people with around $5 worth of BTC had payments pending.


That does not appear to be the case. Their selection on who will receive payment is based on how much funds are available in their hot wallet. They don't even need to bother with these arbitrary account suspensions. If they refill their wallets with more than a few hundred dollars then you might be lucky enough to receive payment otherwise you're just among the many who are being scammed.

I'm pretty sure my final withdraw was not honored.

IF YOU'VE HAD YOUR WITHDRAWLS CANCELLED/NULLIFIED/DELETED, JOIN THIS TELEGRAM GROUP:

https://t.me/joinchat/ZGcf6g1-nPA1NWYx

I can't believe how many shills are in here the past few days defending Coinpot just because they got THEIR deposit.

There's 157 pages worth of dirt on bitcointalk alone about them; they have no accountability; it's easy for them to do pretty much anything and get away with it.

Saying that everyone claiming "scam" was probably a cheater? get real. People do coin faucets because they're simple; a few clicks and a captcha. I doubt half of coinpot's users could even set up a script, let alone one that wouldn't get your account flagged.

There's 40+ people I've collected from Reddit to try and...brainstorm, I guess. or at least just gather and have a good estimate of everyone who's been screwed over by coinpot.

I also don't think that my account got flagged or something. Before my last withdrawal request, I received much bigger payments, way bigger than 480 DOGE.
Now when their website went offline, I don't expect anymore that I will receive my coins.

Some said it's a one-man show but if it's a business entity, I'd agree that it's totally unprofessional to not respond to any sort of inquiry.

The major red flag was when CoinPotty introduced ludicrous APY from simply keeping its tokens; up to over 50%. No way such model would be sustainable in the long run.

I certainly didn't have my account flagged.
I had 3 withdrawals in progress, BTC, LTC and Doge, LTC requested on Jan 29 I got paid some 10 days later, the other two requested on Feb 1 never came through.
Not really a big deal, after all I've been a member for about 3 years, they paid me several dozen times and the two final payments amounted only to about $30, still not nice of them.

Wonder what their future business partners will think about this.
I mean they said they closed only the faucets but did want to stay in business with their fraud protection software or something like that.
If I needed a fraud protection software I certainly wouldn't get it from a business that pulled an exit scam on their previous activities.

well they did say they would be closing completely at the end of feb - they gave 6 weeks+ notice of this 


they actually made some fairly big batches of payments on 1st march (UTC  time)  for each coin - so i would assume these include all the final withdrawals
so yes, you are right - anyone still not received a requested withdrawal has probably had their account flagged, and shouldnt expect to receive it
just my opinion of course - no absolute "proof" either way  

All of the domains associated with Coinpot are now completely offline, there isn't even a message saying they are under maintenance. They did make one final payment on the last day of February but it was all for very small amounts. The biggest payment was for less than 40k sats.

This is probably the end of the line. Anybody who still had a pending payment shouldn't hold their breath.

And as people verified yesterday, even if you could login, then you will not see your pending withdrawals because coinpot.co deletes them from history when some weeks has passed.

There is lot of people complaining today, screaming and requesting some help, telling they have been requested more than 1000 USD in all 5 coins (BTC, BCH, DOGE, LTC and DASH) but never receiving since several weeks when they requested (nobody screenshooting or videocatching some evidence -unverifiable or not- about that high values). Very little quantities are processed and received, but when you request a higher withdrawal I think you could never receive it.

I warned about suspicious or unsustainable coinpot.co operations with multiplier or VIP rewards every week/month in year 2020, so this is not unexpected for me.

definitely scam, all this VIP program was just a scam

Same for me, 2 request on 15-feb but still pending and no answer from support e-mail.
Not a few cent... my friend got paid but he has much less than me.

It was announced they would shut it down by march 1 which is today, but yea, I as well expected final payments to arrive by now, even though I had only a bit of pocket change left to get from there.