How to Spot and Avoid Scammers Impersonating CoinLoan

Did you recently get an unexpected official email from “CoinLoan”? Or maybe “CoinLoan’s insurance policy desk” PMed you in Telegram asking to pay $50 registration fee? That’s in quotes because the email wasn’t official, or even from the CoinLoan at all. We will never ever ask you for money in private messages and there’s no CoinLoan insurance policy desk, not to mention that we have no registration fee.

This summer, we’ve seen a surge in the number of impersonation scams. Dozens of CoinLoaners were writing us about attempts to cheat them out of money. This post aims to help you distinguish what's fake from what's real to reduce the risk of becoming a financial fraud victim.

Meet the fake‌‌
Meet the fake‌‌

While fraud schemes are getting more sophisticated and harder to detect, there are things that you can do to protect yourself from fraud.

Firstly, remember that CoinLoan never requires any personal details or payments beyond the official platform or our apps for iOS and Android. If anyone reaches you out to asking to transfer any amount to the “btc address provided,” it’s 100% scam.

Secondly, CoinLoan currently offers only backed loans. If “CoinLoan” proposes you unsecured loans with no collateral required, that’s definitely not us.

Pay attention to unusual circumstances and red flags. Does the email sound like typical emails you have received from CoinLoan in the past? Does CoinLoan normally contact you through Telegram?

Here’s the list of CoinLoan’s official assets you may trust:

Scammers can easily fake an official-looking email or account, using our logo and design. Carefully check the sender’s email domain portion or username for any modifications or replacement of characters, such as “O” or zero instead of the letter “o” or “I” (uppercase “I”)  in place of “l” (lowercase “L”).

The truth is in the details
The truth is in the details

Your guard is often down when you receive a message from a company you've dealt with before and trust. We encourage you to always be alert to a fake before clicking on any links or fulfill the requirements that seem worrisome to you.

Don’t hesitate to share your doubts in our live chat in case if you got a suspicious message. CoinLoan support team will always help you to figure out who and why is trying to contact you.