Is Cotps.com legit or scam, cotps.com review, is cotps trading platform legit or scam, Is Cotps legit or scam, COTP trading platform
Cotps.com Review | In this page, you’re going to know if cotps.com is legit or it another form of scam platform. COTP is a blockchain OTC and cryptocurrency exchange platform, It is currently the world’s largest OTC EXCHANGE.
Cotps.com is a self acclaimed crypto arbitrage trading platform that allows you to invest and make a certain percentage of return on investment by trading virtual arbitrage.
Cotps.com is the abbreviated form of Cryptos OTC Trading Platform, it is said to be a digital currency service platform, which make use of artificial intelligence and algorithms to automatically buy digital currencies at low price and sell them at higher prices to earn the difference between the two.
COTP is currently the world’s largest OTC EXCHANGE.
What is digital currency?
DIGITAL CURRENCY is an alternative currency in the form of electronic money. Also known as cryptocurrency. In theory, bureaucratic approval is avoided. For example, Bitcoin, Litecoin and USDT rely on checksum cryptography to create, issue and circulate electronic money. It is characterized by the use of P2P peer-to-peer network technology to issue and manage currency in circulation.
COTP is a blockchain OTC and cryptocurrency exchange platform, It is currently the world’s largest OTC EXCHANGE.
OTC is the abbreviation of Over-the-Counter. To put it more simply, the service provided by OTC is similar to the cryptocurrency eBay.
Using the xxxx platform, individuals from different countries can directly complete cryptocurrency transactions. Buyers can choose suitable sellers to complete transactions directly online according to their needs.
As a supervisor between traders, xxxx uses strict KYC procedures and a fair scoring system to ensure a safe and convenient trading environment.
Why use USDT as a payment currency? USDT is a decentralized digital currency linked to the U.S. dollar. USDT strictly abides by the 1:1 reserve guarantee, that is, every USDT is endorsed by one U.S. dollar fund, so it creates the stability of USDT relative to other digital currencies, and it has also become a digital currency. Anchor currency.
For instance, if you are familiar with Binance P2P Trading Platform. The merchants have placed different prices for USDT. So the buyer has to search for low price and buy it.
When you move to selling section, merchants have different prices also– the seller will search for high price and sell.
On COTP , the high frequency trading Technology matches “buy low” with “sell high”.
The system therefore initiate “buying”….. in order not to be completely automated. The trader has to take part in the section of “selling” and “confirming“.
Now, when the trader order to “sell” it’s not automatic, but the BLOCKCHAIN system and it principles verifies buyer, seller and profit distribution within 2 hour intervals.
At this period the capital float for final confirmation to happen. After all these, the capital plus interest return to the wallet balance for withdrawal.
COTP uses “Over The Counter” (OTC) style of trading. OTC simply means trading between different exchanges or different wallet companies.
COTPS.Com Registration Link
LET’S GO PRACTICAL
Let’s say you’re selling a product which goes for $5 per unit in your city/country but in other cities/countries, the same product you’re selling is going for $6 and people are willing to buy it.What will you do? Now…if you would sell your products to buyers in these other countries/Cities, you’re going to make a profit of $1 on each item sold.
This is how COTP works. The cryptocurrency we sell on the platform is USDT . COTP has an Artificial Intelligence system which scans the international markets to identify buyers in other countries whose bid price for USDT is higher. COTP then sells our USDT to these buyers at a higher price and buys back the USDT at a lower/standard price and sends our capital and proportion of our profits back to us within 2hrs.
Another example, Market price = 20usdt
Transaction price= 25usdt
Difference= 25-20= 5usdt The company share this profit with the P2P trader and retailers as well as referral commission.
Thousands of transaction happens within a minute so you can imagine the profit!
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Let me start from the domain name registration – The domain name of cotps.com was registered in 2019 March 14th, when it expire, it was later get updated in 9th of February 2022 to last till March 14th 2028.
The company is license in USA and in Canada as money service business company in compliance as a crypto exchange just like other exchange out there. The trade took place in the platform and the buyers are traceable to other exchange like Binance P2p. Their withdrawal is automated and very fast to withdraw to any wallet you provided.
There is SMS Authentication features in the platform also and the sms authentication features is amazing as we all know that it takes over $3000 to maintain sms authentication software Monthly (That’s why scam site don’t use sms authentication feature on their site).
Through this review of cotps, we have found one two things that makes the cotps platform safe to use for quite sometime
(1.) is the domain name registration validity
(2.) The SMS Authentication features
Another amazing thing about cotps is that your funds are in your control to invest or to withdraw (You don’t have to wait for the staff of cotps to approve your withdrawal before you can get your money out! You can always withdraw your money anytime you need your money).
When it come to review a site and finding information if a particular site is a scam or legit, I will also advise you to keep an eye on the KYC (Know your customer) part of it, if they are requesting for some legal document to pass the KYC. Some platform will not scam you from the money you deposited with them, but they will scam you from the valid Data you submit with them.
Submitting your document for KYC (Know Your Customer) is very risk because they can use that simple document you submit to scam others in your name, they can use it to even move money from a company and you will be one to get arrested for what you didn’t do, they can sell your Data at big amount of price without you knowing and this can put you in prison when your legal information is being used to do illegal activities.
So according to my finding, I find out that COTP.com platform is using ‘Jumio Netverify technology’ for their KYC verification to reduce the possibility of fraud and money laundering. This technology is similar to those used by global cryptocurrency exchange such as bittrex, localbitcoins and cryptopay. COTP does not store user information received from Jumio in order to comply with data confidentiality. The system is responsible for automatically verifying identity.
NOTE: The KYC is highly recommended for P2P traders who trade high volumes of capital starting from $5000 and want to use COTP as their platform to transact.
On the COTP platform, you can make 3.6% a day 24/7 and also make commissions for inviting others to join using their USDT TRC20 Arbitrage Mining System:
No fee to start
No profit split
No forex trading risks
Minimum investment is $9
3.6% Gains a day
+108% Gains a Month
Regulated and running 2 years
Instant withdrawals anytime
Hands free feature for Team
3 Million users worldwide (As at the time of this publication)
As at the time of this COTP review, I can boldly tell you that I have not found any fraud activities on cotp.com. So if you are willing to use the COTP platform, I will advise you to “Risk what you can afford to lose incase business goes south“
OMINI ABIODUN MICHAEL [a.k.a] BANKEY MILL (BM) is a blogger and the CEO of Aschoolz.com. We Share Education School News of Universities, Polytechnics, Colleges for both Nigeria Schools, Ghana Schools and American Etc like JAMB, Waec, Scholarship, Job opportunity, Learning, Story books and Blog etc