Coinvid.com is a cryptocurrency platform that claims to combine both crypto trading and other elements of gaming for interested users to earn from. As a matter of fact, if you’re someone with deeper understanding of casino games, you could even mistake the platform for a casino — that wouldn’t be entirely wrong anyways, because I regard it as a crypto casino & trading site based on what is obtainable on their website.

However, there are reasons to believe that coinvid despite how long the website has been in existence is more like an organized scam” and as such, should be avoided by all means especially people who are looking for ways to earn less stressful income on the Internet. So in this article, in line with our vision to always bust fake earning sites and analyze platforms that claim to be legit, we will be having a detailed look at what coinvid.com claims to offer users and the reasons why it’s more like a scam than a legit earning platform.

Therefore, without wasting more of your time, let’s dive right into the topic of the day!

About Coinvid

According to what I noticed after sign up, Coinvid qualifies more as a crypto casino gaming platform because, users can mainly earn money by playing one of their games and also, for trading crypto tokens. The trading part, I didn’t even check it out at all given the kind of person I am; someone who doesn’t deal on crypto trading.

So I checked out the gaming aspect and I found a number of games such as Mines, crash, and some other games you’d typically see on a normal, casino or sports betting website. The main difference between Coinvid and the numerous casino sites out there is, you only participate using crypto currency — USDT to be precise unlike the other casino that allows users deposit in local currency.

To gain access to the games, you either create an account and spin their lucky wheel to get some bonus that can be used to play a game or you make a deposit in cryptocurrency to be able to play a game.

The lucky wheel promotion is what attracted me to Coinvid and I even promoted it to most of my audience or my members and they all created an account, some were given $1, some $5 after spinning the lucky wheel upon sign up for which, they are required to play games with the free amount.

Earning Methods

There are three main earning methods or ways or earning on Coinvid and they are as follows;

1. Playing Games

Like I previously mentioned, Coinvid is more like a casino gaming platform that operates using cryptocurrency. You can play games such as mines, crash and some other less popular games after you have signed up and probably made a deposit. If you are able to win consistently while playing the game and clear your flow/wager, then you would be able to withdraw to your wallet.

But if you deposit and play the games and unfortunately, lose all the stakes, you won’t have any more to continue playing and there will be no chance of withdrawal. So it’s like gambling but a more rigged version of the term and a more dangerous version that involves higher risk.

We will get to know why it involves higher risk later on in this article.

2. Trading

On Coinvid, you can also earn money by engaging in crypto trading. There is an option to trade and even swap tokens on the app and that explains why they claim to be a combination of gaming and trading platform but the issue is, there is an inherent risk associated with crypto trading that can not be neglected. So unless you have enough money to risk, I see no reason why anyone should participate in trading of crypto on a site like, Coinvid.

3. Referral Program

As is now tradition on all earning platforms and even fake earning platforms, Coinvid has a referral program that rewards referrers with some money when his or her down lines play games or trade on the platform. You get rebates that can be withdrawn once it gets to the set threshold on the platform.

There is no fixed referral reward but you get commissions based on the activity of your referrals. To get referral link, click on Me i.e. your profile and then on Invitation, there you will see the referral link to promote and share to others for a chance to get rebates if they take the platform seriously.

Withdrawal Process

Coinvid is a crypto platform, therefore you can also withdraw in cryptocurrency as well. Once you have earned up to $10 and probably cleared the flow or wager assigned to you, go to the homepage and tap on Withdraw, select the cryptocurrency option paste your address and enter amount, then submit and wait for your payment.

Unfortunately, the withdrawal part is rather unlikely and the chances of you actually receiving the money is very low because, there are numerous reasons to believe that it’s not paying and it’s a big scam organized to defraud users. How did I get to know? Keep reading to find out.

Is Coinvid Legit Or Scam?

Coinvid.com is a BIG SCAM! A waste of time created to defraud users in the long run. The website was designed as a so-called trading and gaming platform but even when you clear the wager and play the games, you won’t be credited with the withdrawal.

I actually played the games and referred some other users to sign up and play, they all did, some were able to earn up to the withdrawal threshold, despite their very low win-rate, still, the payment requests were cancelled and their accounts were frozen. Meaning that, Coinvid doesn’t even pay when users reach the threshold.

Additionally, the games are rigged very badly. The win-rate is almost non-existent. I tried to play the games myself with the free $5 rebates given to me for referring others and wasn’t even able to win a single round. The game is so tricky and fully designed from the backend to favour the administrators as against the users.

So don’t expect to win or outsmart” the administrators of Coinvid because, the platform is probably designed to defraud users who attempt to play the games and even when you are able to break the Jinx, your payment request won’t be honoured.

Additionally, coinvid.com has been in existence since 2013, yet there’s no single payment proof or independent positive review about them on any social media platform and on the Internet.

Also Read: Surt Network Review: Why It’s Most Likely Scam (Suspicious Signs)

The website was just created to lure users into depositing money with hopes of getting paid after playing games but in reality, nothing of such happens. It’s not legit and the earlier you steer clear, the better for you.

Conclusion

Coinvid is not legit! It’s just a scam and waste of time. Users who were able to withdraw were all banned after their so called reviews, so don’t even take the risk of funding your wallet to play games or trade. The games are tilted towards their favour and also, payments are not honoured. Therefore, why waste time on a scam?

We’ve come to the end of this review. If you enjoyed it, do well to join us on telegram and WhatsApp for more updates and reviews. Thanks.