Reported as a scam / unregulated
Why CoinsBank is on the register
CoinsBank claims to be a product of Coins Limited, a company registered in the UK. This broker also states its authorization and supervision by the UK Financial Conduct Authority (FCA) under license number 182110. However, we didn’t find a matching result when checking in FCA’s registries with the company name – Coins Limited. Moreover, the given number 182110 belongs to another company called London Capital Group Limited (LCG) which is not affiliated in any way with CoinsBank or Coins Limited. Therefore, CoinsBank is a clone firm of the licensed entity LCG. Our verdict is that CoinsBank is not regulated by any financial regulator. That means investors’ funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.