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In April 2026, CoinW won the โMost Trustworthy Crypto Exchange in Europeโ award at the Next Block Expo.
But does being โthe most trustedโ really mean itโs trustworthy? ๐
Today, letโs take a close look at #CoinW :
๐จ CoinW claims to be registered in Seychelles, but we couldnโt find it in the VASP list published by the Seychelles FSA.
๐จ Proof of reserves is only a snapshot at a specific point in time, and it canโt show in real time all wallets controlled by exchanges.
๐จ The regional head of CoinW in Taiwan was sentenced to 22 years locally. The companyโs headquarters responded with โunaware,โ while the exchange was banned in Turkey and sanctioned in South Korea.
๐จ Users report issues such as accounts being frozen, compliance reviews taking a long time, delayed withdrawals, and slow customer support responses.
You can look at awardsโbut donโt just look at awards. Before trading, you should first dig into the details.
$BTC #scam
But does being โthe most trustedโ really mean itโs trustworthy? ๐
Today, letโs take a close look at #CoinW :
๐จ CoinW claims to be registered in Seychelles, but we couldnโt find it in the VASP list published by the Seychelles FSA.
๐จ Proof of reserves is only a snapshot at a specific point in time, and it canโt show in real time all wallets controlled by exchanges.
๐จ The regional head of CoinW in Taiwan was sentenced to 22 years locally. The companyโs headquarters responded with โunaware,โ while the exchange was banned in Turkey and sanctioned in South Korea.
๐จ Users report issues such as accounts being frozen, compliance reviews taking a long time, delayed withdrawals, and slow customer support responses.
You can look at awardsโbut donโt just look at awards. Before trading, you should first dig into the details.
$BTC #scam
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