If you are interested in trading cryptocurrencies, you might have heard of COTPS crypto, a platform that claims to offer a passive income through arbitrage trading. But what is COTPS crypto exactly, and how does it work? Is it a scam or a legit trading platform? In this blog post, we will try to answer these questions and provide you with some facts and tips about COTPS crypto.
What is COTPS Crypto?
COTPS stands for Cryptos OTC Trading Platform. It is an online platform that was launched in November 2021 by Mars Brown, a self-proclaimed crypto expert and entrepreneur. According to its website, COTPS crypto is a global over-the-counter trading platform that specializes in arbitrage trading.
Arbitrage trading is a strategy that involves buying and selling the same asset across different markets to exploit price differences. For example, if Bitcoin is selling for $50,000 on exchange A and $50,100 on exchange B, an arbitrage trader can buy Bitcoin on exchange A and sell it on exchange B, making a profit of $100 per Bitcoin.
COTPS crypto claims to use an advanced algorithm that scans all the cryptocurrency exchanges and finds the best arbitrage opportunities for its users. It also claims to automate the whole process, so users do not need to do anything except depositing funds and withdrawing profits. COTPS crypto promises to generate a passive income of up to 10% per day for its users.
Is COTPS Crypto a Scam or a Legit Trading Platform?
While COTPS crypto sounds like an attractive and easy way to make money from cryptocurrencies, there are many red flags and warning signs that suggest that it is not a legit trading platform, but rather a scam.
Here are some of the reasons why we think COTPS crypto is a scam:
- Lack of transparency: COTPS crypto does not provide any information about its owners, team, location, registration, or regulation. It also does not disclose how its algorithm works, what exchanges it uses, or what fees it charges. It does not have any contact details or customer support, except for an email address that does not reply.
- Unrealistic and inconsistent claims: COTPS crypto claims to offer a passive income of up to 10% per day, which is impossible and unsustainable in any market. It also claims to have over 100,000 users and over $1 billion in assets under management, which are contradicted by its low web traffic and social media presence. It also claims to have been featured on reputable media outlets such as Forbes, CNN, and Bloomberg, which are false and misleading.
- Fake reviews and testimonials: COTPS crypto has many positive reviews and testimonials on its website and on YouTube, but they are all fake and fabricated. They use stock photos, generic names, and scripted texts to create a false impression of credibility and popularity. They also use bots and paid actors to promote COTPS crypto on social media and forums.
- No proof of trading or payouts: COTPS crypto does not provide any proof of trading or payouts to its users. It does not have any verifiable trading history or performance records. It also does not have any withdrawal options or methods. Users who have tried to withdraw their funds have reported that they were either ignored, blocked, or asked to pay more fees.
- High risk of losing money: COTPS crypto is a high-risk investment that can result in losing all your money. It is not regulated or licensed by any authority, so there is no protection or recourse for your funds. It is also likely that COTPS crypto is a Ponzi scheme that uses new deposits to pay old withdrawals until it collapses.
Conclusion
COTPS crypto is not a legit trading platform, but a scam that should be avoided at all costs. It is based on lies, deception, and manipulation. It does not offer any real value or service, but only aims to steal your money.
