Coinfaucet claims that it allows you to get free Ripple every hour. Ripple is one of the biggest cryptocurrencies and it comes below Bitcoin. The site allegedly lets you earn your first Ripple free of cost.
Is CoinFaucet Regulated?
After a thorough investigation, we have found out that CoinFaucet is an investment company, which is unregulated. Hence, it is not legit.
Is It Safe To Make An Investment With CoinFaucet?
As CoinFaucet is an unregulated company, we do not recommend you invest with it. The problem you can face with unregulated companies is that they are not accountable for what they do with your money and thus, it becomes unsafe to invest with them.
What To Do If You Get Scammed By CoinFaucet?
In case you fall in the trap of the CoinFaucet scam, and you do not know how to get out of it, do not worry. You can reach out to us and our professionals will ensure that you get your money back.