LinkCoin Review: this is the name of an investment firm that deals with cryptocurrency and that is somehow connected to Bibox. Is LinkCoin legit or is it a scam?
It claims to be a “cryptocurrency gateway”. Traders are offered a platform to trade digital assets directly on “Bibox”. There is an offer of exchanging over 200 digital listing on this platform.
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LinkCoin is owned by LKN Technology LTD. Traders are allowed to post their ads on the platform and offer price quotes for the different digital assets allowed. Buying and selling of these assets are done with wallets provided by the firm. Clients trade with each other on this company’s service.
LinkCoin Trading Platform
Although the platform used by this company is web-based, it is connected to Bibox, which is an advantage. Bibox has established itself as a popular market with the experienced team handling. Trading fees are low.
There is a 0.6% service fee, which is low as have been stated above. Adverts are posted for free and payment is after someone clicks on the ad to transact with the trader.
Payment Methods on LinkCoin
Payments are done using a fiat transfer and this method is not yet popular. It is majorly a trend in the Chinese market as we are yet to find a Western company that mentions that it accepts fiat payments. Methods that traders can use are mostly online like: AliPay, WeChat, Interac and Bank Cards are accepted as well.
This is encouraging because standard and legit brokers and companies make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.
LinkCoin allows 7 coins namely: BTC, ETH, BCH, LTC, ETC, BIX, and LKN (which is LinkCoin token). 5 fiat currencies are also supported and they are; CNY, USD, HKD, JPY, and CAD.
Is LinkCoin Licensed?
The international market is not yet open to much digital trades and it is not possible for LinkCoin to be licensed. Commissions for this kind of trade would have to be set up first. However, as we mentioned, it is linked to Bibox which gives it some certain amount of credibility among digital traders.
Besides the lack of license and regulation, this is not a popular market. Many traders have learned to play safe when it comes to investing their money. Also, it seems that LinkCoin is more for a Chinese clientele than the rest of the world.
Traders may also place markups higher when putting up ads as everyone gets to choose his/her own charge.
To reach the customer care agent of this firm, send an email via: firstname.lastname@example.org or use WeChat: LinkCoin01
We have stated that it has some credibility due to its affiliation with Bibox. Its relative newness may still discourage some traders, which is understandable. It doesn’t also remove the probabilities of losing capital as this is an ever present risk in trading cryptocurrencies.
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