Tycoon Coins is a cryptocurrency brokerage established in Estonia in 2023, offering investors a variety of cryptocurrency trading services. Tycoon Coins resembles many other brokerage websites, and users should have a clear understanding of the risks associated with digital currency trading and choose a legal and compliant trading platform.
Company Background
Tycoon Coins is a digital currency trading platform established in Estonia, with the corporate entity being Tycoon Coins Limited and its registration number as 14556327. Further investigation revealed that Tycoon Coins and CoinsPro have identical corporate information, with the same registration number, 14556327, which was cancelled on March 18, 2024. The broker's domain was registered on June 28, 2023, indicating a relatively brief establishment period.
Regulatory Situation
Tycoon Coins offers digital currency trading services but lacks effective regulation and is suspected of fraud. In Estonia, the regulation of the digital currency industry is not yet complete, posing certain risks for platforms like Tycoon Coins. The lack of regulation means users may lack legal protection when trading digital currencies, so extra caution is needed when using this platform.
Trading Products
Tycoon Coins offers a variety of digital currency trading pairs, including but not limited to: BTC/USDT, ETH/USDT, LTC/USDT, EOS/USDT, BCH/USDT, ETC/USDT, NEO/USDT, XRP/USDT, DOGE/USDT, and TRX/USDT. These trading pairs meet a variety of digital currency trading needs, providing users with diverse trading options.
Account Registration and Login
When users want to start trading digital currencies on Tycoon Coins, the platform provides a registration and login process. Here are the detailed steps for registering and logging into a Tycoon Coins account:
- Visit the official website: Users go to the official website of Tycoon Coins.
- Click the registration button: On the homepage or login page, users can find and click the registration button to start the registration process.
- Fill in the registration information: Users are required to fill in relevant information, including country, email address, and setting up an account password, among others.
- Submit the registration application: After filling in all the necessary information, users click to submit their registration application.
- Log into the account: After successful registration, users use the newly set username and password to log into the Tycoon Coins platform.
- Start trading: Once logged in successfully, users can begin trading digital currencies, enjoying the services provided by Tycoon Coins.
Trading Software
Although Tycoon Coins provides registration and login methods, the information about its trading software is not very transparent. The lack of detailed information about the trading software may affect users' trust in the platform, as they might be concerned about the safety and stability of the trading software.
Customer Support
Tycoon Coins' customer support offers only a single contact method, which is email: support@GDP.com. This limits the ways and efficiency with which users can resolve issues, as they can only contact the customer service department by email, without the option of phone or online instant messaging for immediate assistance.
Risk Warning and Disclaimer
Tycoon Coins explicitly states on its website the volatility of Bitcoin and digital asset prices, emphasizing that digital currency trading may be considered a high-risk activity. The company stresses that users should have a clear understanding of the risks and base their trading decisions on their own judgment. Additionally, the company states that it does not solicit users to invest in digital assets, and users' trading decisions are solely their responsibility.
Conclusion
Tycoon Coins offers a variety of digital currency trading pairs, providing users with different trading options. However, due to its lack of effective regulation, non-transparent trading software information, and singular method of customer support, users need to exercise extra caution when using this platform for digital currency trading. It is advised that users fully understand the risks before trading on the platform, make cautious decisions, and choose appropriate trading strategies to protect their investments.
Currently, Tycoon Coins is marked as "suspected fraud" on TraderKnows.
