Coins.ph
We checked Coins.ph against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
According to its website, Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP). However, after verification, it was found that the Philippines has no rules regarding commodity futures contracts (including foreign exchange). In other words, the Philippines does not regulate foreign exchange, so it does not have the qualifications for foreign exchange transactions. The truth is that Coins.ph is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Coins.ph is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Coins.ph.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.