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Is MyCoinBanking a Legit Broker or a Scam?

Investment ForumCategory: Broker QuestionsIs MyCoinBanking a Legit Broker or a Scam?
Lynette asked 2 weeks ago

Can anyone tell me whether this Crypto Currency online broker called MyCoinBanking (, operated by MyCryptoWallet LTD registration number 25560 Beachmont Business Centre, Suite 19, Kingstown, SVG +442038074450, is a regulated and honest broker?

Is MyCoinBanking a licensed bitcoin exchange? Will my deposit monies be covered under the FCA ombudsman scheme in the UK?

I found these people from a trading bot called “Bitcoin Billionaire“. It said that many people on Wall Street are using this trading bot, and I curios to see if I can make money using an algorithm like this.

Your thoughts and experience at MyCoinBanking would be really a big help for me.

Thank you,


MyCoinBanking Crypto Trading Brokers

1 Answers
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Scam Trading Brokers Staff answered 2 weeks ago

Hi Lynette!
No, this broker Mycoinbanking is not licensed or regulated. Even though they should have a license, they don’t.

You can find the Popular Licensed Brokers Listed Here
Good luck!

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