WebVetted Beta
Recommendation
Caution
Overall Summary
Suspicious
Why we think so

CoinOut is a finance app that lets users scan receipts to earn cashback and rewards. It receives about 230,000 monthly visits, mostly from the US, and runs on reputable infrastructure like Amazon and Cloudflare. The brand is officially trademarked and operates an active website with valid SSL. However, there are numerous user complaints alleging account lockouts, inaccessible earned rewards, and aggressive requests for email access. Customer service responsiveness is often criticized, and some users caution about privacy concerns. No major regulatory or scam blacklist flags have appeared, but users should proceed cautiously and review terms carefully.

Confidence Score
63%

Risk Insights

⚠️

User Complaints about Account Access

Reports of accounts being locked after earning rewards
Difficulties redeeming earned points or cash
Customer service often unresponsive or unsatisfactory

Legitimate Infrastructure & Trademark

Domain registered since 2014
Active SSL and hosted on established platforms
Trademark registered for CoinOut brand
⚠️

Privacy Concerns

Users pressured to grant email access, including passwords
Such requests violate standard security best practices

Contradictory Signals

Despite solid technical foundation and trademark, user experience raises trust issues.

Signal A: Domain and infrastructure show legitimacy

Signal B: User reports suggest scam-like behavior and poor service

Category Scores

Identity 70/100
Reputation 40/100
Technical 85/100
Content 60/100
Legal 65/100
Business Validity 55/100

Red Flags & Warnings

  • Multiple unresolved customer complaints about locked accounts and withheld rewards.
  • Aggressive prompts requesting access to personal emails, including passwords.
  • Frequent policy changes negatively affect users' ability to redeem rewards.

🔎 Detailed Checks & Analysis

Domain legitimacy and infrastructure

Score: 85/100
Passed

"CoinOut.com has a secure HTTPS setup and uses recognized providers like AWS and Cloudflare."

Reason: Registered in 2014 with reliable hosting and valid SSL certificate.

Brand and trademark status

Score: 70/100
Passed

"Trademark registration supports business authenticity."

Reason: Active trademark registered in 2017 for related financial services.

User reputation and complaints

Score: 35/100
Failed

"Negative user feedback is consistent across multiple review platforms."

Reason: Numerous user reports of account lockouts and missing rewards raise significant concerns.

Service transparency and support

Score: 40/100
Failed

"Poor support and privacy concerns affect trust."

Reason: Customer service reportedly fails to resolve disputes adequately and users mention aggressive data access demands.

Blacklist status

Score: 85/100
Passed

"Website is clear of major blacklist flags."

Reason: Not listed on common scam or phishing blacklists including Google Safe Browsing and crypto scam tracking.

Your Next Steps

  • 1
    If considering using CoinOut, read the terms of service carefully and understand the redemption policies.
  • 2
    Avoid sharing sensitive email passwords or private data when prompted by apps.
  • 3
    Monitor account activity closely and be cautious if your account access is restricted.
  • 4
    Check recent user reviews and support responsiveness before investing time or effort.
  • 5
    Report any suspicious or unfair treatment to consumer protection agencies or platforms like BBB.

Evidence & Citations