Coinprofit is run by a company called CP International Business Ltd., which claims that it is investing in cryptocurrencies.
The trading is allegedly profitable, so it is offering three different investment plans to the public with returns up to 8% per day, which means 240% per month. Is it possible?
Coinprofit is just a scam, it is not a real company, there is no real trading or investing going one. No legit business can make you 240% per month. Period.
The reality is that a company that offers investment services has to be licensed by the Financial Conduct Authority and CP International Business has no licence whatsoever, see our picture on the right. Therefore it is operating illegally.
The true nature
As you can imagine, such a redistribution of deposits is doomed to fail as soon as withdrawals exceed deposits, which usually happens anywhere between a few days and a few weeks.
Coinprofit is a typical Ponzi scam, it is going to fail anytime, stay away from it!
If you want to see what kind of profits are possible in crypto trading, try a free demo account with a regulated broker.
If you later decide to trade with real money, be sure to have a good strategy and understand all the risks.