Welcoin Crypto Exchange Review: Is Welcoin a Real Crypto Platform or a Scam?
Dec, 4 2025
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There’s a lot of noise online about something called Welcoin - a platform that claims to be a new cryptocurrency exchange with big airdrops, staking rewards, and the chance to earn millions. YouTube videos, Telegram groups, and even posts on Binance Square are pushing it hard. But here’s the truth: Welcoin is not a crypto exchange. It’s a loyalty program from Weltrade, a forex broker that’s been around since 2006. The real danger? Scammers are stealing that name to trick people into depositing crypto - and disappearing with their money.
What Is Welcoin Really?
Welcoin is a points-based rewards system offered by Weltrade, not a cryptocurrency. You can’t buy, sell, or trade Welcoin on any public exchange. It doesn’t have a blockchain, a whitepaper, or a market price. It’s just virtual points you earn by trading on Weltrade’s platform.To earn Welcoins, you need a verified Weltrade account. Every time you trade a lot on their SyntX accounts (usually synthetic indices), you get points based on the spread you pay. You can also earn them by referring friends or joining promotions. Once you’ve collected enough, you can redeem them in Weltrade’s Welshop for cash vouchers ($10 to $5,000), gift boxes, or branded merchandise.
There’s no withdrawal option. You can’t send Welcoins to a wallet. You can’t trade them for Bitcoin. They exist only inside Weltrade’s ecosystem. If someone tells you otherwise, they’re lying.
The Fake ‘Welcoin Exchange’ Scam
Now here’s where it gets dangerous. Fraudsters have created fake websites called “Welcoin Exchange.” These sites look real - they have trading interfaces, fake price charts for “WELC” tokens, and pop-up ads promising 10 million WELC coins for signing up. They even have YouTube influencers promoting them.Here’s how the scam works:
- You see a video or ad saying, “Join Welcoin Exchange - Earn 10M Tokens with No Deposit!”
- You click the link and land on a site that looks like Binance or Kraken.
- You’re told to deposit Ethereum or Bitcoin to “activate your airdrop” or “unlock staking.”
- You deposit your crypto. You see fake “rewards” appear in your account.
- You try to withdraw. Support vanishes. The site goes offline.
Victims have lost hundreds to thousands of dollars. One Reddit user reported depositing 0.5 ETH ($1,550) and got zero returns. Support stopped replying within three days. That’s not a glitch - it’s the plan.
How to Spot the Difference
It’s easy to confuse the real Welcoin with the fake exchange if you don’t know what to look for. Here’s how to tell them apart:| Feature | Legitimate Welcoin (Weltrade) | Fake ‘Welcoin Exchange’ |
|---|---|---|
| Ownership | Operated by Weltrade (founded 2006) | No verifiable company, no registration |
| Can you trade it? | No - it’s a loyalty point | Yes - but it’s fake and worthless |
| Can you withdraw? | No - only redeem for vouchers in Welshop | Initially yes - then suddenly no |
| How to earn | Trade forex on Weltrade accounts | Deposit crypto to “activate” rewards |
| Security | Regulated by FSA Seychelles (License SD027) | No regulation, no KYC, no transparency |
| Support | 24/5 live chat, email, phone | Disappears after deposit |
| Where to find it | Only inside your Weltrade trading account | YouTube, Telegram, fake websites |
Legitimate Weltrade has over 1.2 million clients and is ranked #328 among global forex brokers. It has a 4.2/5 rating on ForexBrokers.com based on over 1,200 reviews. The fake “Welcoin Exchange” doesn’t exist on CoinGecko, Binance’s partner list, or any reputable crypto database.
Why This Scam Is So Effective
This isn’t just another random crypto scam. It’s a targeted one. Scammers picked a name that already has trust behind it. Weltrade has been around for nearly two decades. People know the name. They see “Welcoin” and think, “Oh, that’s from Weltrade - it’s safe.”They’re exploiting that trust. The fake sites use Weltrade’s logo, colors, and even copy-paste parts of their website. They use real-looking testimonials - but they’re fake. They even create fake YouTube channels with hundreds of thousands of views, all promoting the scam.
According to the Anti-Phishing Working Group, 83% of new fake exchange scams use names that sound like established financial brands. And in the first half of 2024, these types of scams made up 28% of all reported crypto fraud cases. The average loss per victim? $1,250.
What Weltrade Says About It
Weltrade didn’t sit back and wait for people to get scammed. On May 28, 2024, they issued an official warning:“Beware of fraudulent websites and social media accounts impersonating Weltrade and using the term ‘Welcoin Exchange.’ Weltrade does not operate a cryptocurrency exchange and never asks users to deposit funds to ‘activate’ rewards programs.”
They’ve also updated their Help Center with 116 articles explaining the real Welcoin program - including how to access it, how to redeem points, and how to avoid scams. They even added real-time balance tracking to their mobile app to make it easier for users to see their actual Welcoin balance.
But the scammers keep coming. As of July 2024, blockchain analysis firm Elliptic found these scams are now using Telegram mini-apps - fake interfaces that look just like real crypto exchanges. They’re evolving to stay ahead of detection.
Real User Experiences
People who use the real Welcoin program report positive results. Victoria Holodniak, a verified Weltrade client, said: “I’ve earned $320 in cash vouchers over six months just by trading regularly. The process is simple - I click ‘Explore’ in my account, trade a few lots, and redeem in Welshop.”On the other side, Reddit’s r/CryptoScams has dozens of posts from victims. One user wrote: “I trusted the YouTube ad. I sent my ETH. Now my account says ‘Your rewards are ready’ - but I can’t withdraw. No one answers.”
Trustpilot has 247 reviews for Weltrade with an average of 4.1 stars. There are zero legitimate reviews for “Welcoin Exchange” anywhere. That’s not a coincidence.
How to Stay Safe
If you’re interested in Weltrade’s Welcoin program, here’s how to do it safely:- Only visit weltrade.com - never click links from YouTube or Telegram.
- Open a trading account directly through their official site.
- Complete full KYC (ID + proof of address). Legit brokers always require this.
- Look for the “Explore” button in your account dashboard to activate Welcoin.
- Never deposit crypto to any platform calling itself “Welcoin Exchange.”
- If someone says “deposit to unlock rewards,” walk away. Real programs don’t work that way.
And if you’ve already been scammed? Report it. Contact your local financial regulator. File a report with Chainalysis or the Anti-Phishing Working Group. You might not get your money back, but you can help stop others from falling for the same trap.
Final Verdict
Welcoin is not a crypto exchange. It never has been. It’s a loyalty program from a legitimate forex broker. The “Welcoin Exchange” you see online? It’s a scam - and it’s designed to steal your crypto.If you want rewards from Weltrade, trade on their platform and redeem points through Welshop. That’s safe. That’s real. That’s how it works.
If you see “Welcoin Exchange” anywhere else - block it, report it, and don’t click. Your crypto isn’t worth risking for a fake airdrop.
Is Welcoin a real cryptocurrency?
No, Welcoin is not a cryptocurrency. It’s a loyalty points system used by Weltrade, a forex broker. It has no blockchain, no public trading, and cannot be withdrawn or transferred. It’s only redeemable for vouchers or merchandise within Weltrade’s platform.
Can I trade Welcoin on Binance or Coinbase?
No, you cannot trade Welcoin on any major exchange like Binance, Coinbase, or Kraken. It does not appear on CoinGecko, CoinMarketCap, or any official exchange list. Any site claiming to list Welcoin is fraudulent.
Why do people say Welcoin is a new crypto exchange?
Scammers are using the name to trick people. They create fake websites and YouTube videos that mimic real financial brands. These scams promise big airdrops or high returns to lure deposits. Once you send crypto, they vanish. This is a well-documented scam pattern in the crypto space.
How do I access the real Welcoin program?
You need a verified Weltrade trading account. Log in to your dashboard, click ‘Explore,’ and you’ll see your Welcoin balance. You earn points by trading on SyntX accounts - not by depositing crypto. Rewards are redeemed through Weltrade’s Welshop, not on any external site.
Is Weltrade regulated?
Yes, Weltrade is regulated by the Financial Services Authority of Seychelles (License SD027). It has been operating since 2006 and is listed on major forex review sites like ForexBrokers.com. The fake ‘Welcoin Exchange’ has no regulation, no license, and no legal presence.
What should I do if I deposited money to a ‘Welcoin Exchange’?
Stop all communication immediately. Do not send more funds. Report the site to your local financial authority and file a report with Chainalysis or the Anti-Phishing Working Group. Unfortunately, recovering funds from these scams is extremely rare - but reporting helps authorities track and shut down these operations.
Joe B.
December 4, 2025 AT 04:45Okay so let me get this straight - Welcoin isn’t even a coin? It’s like a loyalty stamp from a forex broker? 🤯 And people are literally sending ETH to fake sites thinking they’re getting free crypto? Bro. The crypto space is just a circus now. I saw a YouTube ad for this yesterday. The guy was wearing a suit in front of a green screen with ‘WELCOIN EXCHANGE’ flashing behind him like it was a Tesla launch. I laughed so hard I spilled my coffee. This isn’t a scam - it’s a performance art piece about human gullibility.
Rod Filoteo
December 4, 2025 AT 21:47Wait wait wait - this is just the tip of the iceberg. You think they’re just scamming people with fake Welcoin sites? Nah. They’re using this to harvest wallet addresses. Once you deposit even 0.1 ETH, your wallet gets tagged, sold, and flooded with phishing links for the next 6 months. I’ve seen it happen. My cousin got hit by this exact thing last year. He thought he was ‘unlocking’ something. He lost $2k. Now his MetaMask is a ghost town. They’re not after your money - they’re after your digital fingerprint. And they’re winning.
Sarah Locke
December 5, 2025 AT 11:34Y’all need to stop treating crypto like a lottery and start treating it like your bank account. If it sounds too good to be true - it’s not just ‘probably’ a scam, it’s DEFINITELY a scam. Welcoin? Loyalty points. Not a coin. Not a token. Not even a meme. Just points. And if someone’s asking you to send crypto to ‘activate’ rewards? That’s not a feature - that’s a red flag with a spotlight and a trumpet. Please, for the love of all that is decentralized - stop clicking. Stop sharing. Stop believing. You’re not missing out. You’re just avoiding being robbed.
Lawal Ayomide
December 7, 2025 AT 01:20Same thing happened in Nigeria last year with ‘Binance Africa’ fake site. People sent Bitcoin. Vanished. Now they’re copying Welcoin? No surprise. Scammers don’t invent - they copy. And the gullible? They never learn.
Althea Gwen
December 8, 2025 AT 22:33So… we’re supposed to believe that a forex broker with a 4.2 rating is somehow more trustworthy than a crypto exchange with a website? 🤔 Like, the fact that it’s been around since 2006 doesn’t mean it’s not a front. Remember Mt. Gox? They were ‘established’ too. History doesn’t protect you - transparency does. And Weltrade? Still doesn’t have a public blockchain audit. Just a Seychelles license. That’s like saying your toaster is FDA-approved because it’s made in China.
Steve Savage
December 9, 2025 AT 06:54I’ve used Weltrade for 3 years. Real Welcoin? Yeah, I’ve earned $400 in gift cards. Zero crypto involved. I trade synthetic indices, get points, redeem in Welshop. Done. The fake ‘exchange’ sites? I’ve seen them. They’re so poorly made I could’ve built one in an hour with WordPress. The real site has a clean UI. The fake ones? Glitchy, broken buttons, no mobile support. If you can’t even code a decent landing page - you’re not a financial platform. You’re a bot farm.
alex bolduin
December 9, 2025 AT 23:13People don’t get it - this isn’t about Welcoin. It’s about how we’ve normalized trusting anything that looks official. Logo? Check. Fancy charts? Check. YouTube influencer? Check. That’s enough for 90% of people. But real finance doesn’t need hype. It needs documentation. Transparency. Accountability. Weltrade gives you that. The scammers? They give you a dream. And dreams don’t pay bills. They just leave you with empty wallets and a bruised ego.
Reggie Herbert
December 10, 2025 AT 22:02Let’s cut through the noise: Welcoin is a loyalty program. Not a token. Not a coin. Not a blockchain asset. End of story. Anyone claiming otherwise is either a scammer or a moron who doesn’t understand basic crypto architecture. The fact that people are still falling for this proves we’re in a post-intellectual era where branding trumps substance. Welcome to crypto: where the only thing more volatile than prices is people’s critical thinking skills.
Jess Bothun-Berg
December 11, 2025 AT 17:43Ugh. Another ‘educational’ post. Like anyone’s gonna read this whole thing. Just say: DON’T TRUST ANYTHING THAT SAYS ‘WELCOIN EXCHANGE’. DONE. I’m out.
Darlene Johnson
December 12, 2025 AT 09:17Wait - so Weltrade is regulated by Seychelles? That’s like saying your neighbor’s garage is a bank because he has a sign that says ‘Bank of Dave’. FSA Seychelles? That’s the same regulator that let 47 ‘crypto hedge funds’ vanish last year. This isn’t safety - it’s a loophole with a logo. And don’t tell me about ‘1.2 million clients’. That’s just the number of people who didn’t get caught yet. The real number? Probably 1.2 million victims waiting to wake up.
Ivanna Faith
December 13, 2025 AT 12:00Why do people even care about Welcoin? It’s not even real crypto. Just points. Why not just use Starbucks rewards? At least those get you free coffee. This whole thing feels like a cult. People are emotionally invested in a digital token that can’t be transferred. It’s not finance. It’s fan fiction with a trading account.
Mark Stoehr
December 14, 2025 AT 05:21Welcoin? Sounds like a brand invented by a guy who failed at naming his energy drink. And now scammers are riding the coattails of a forex broker nobody outside of Reddit knows about? Classic. The only thing more pathetic than this scam is the people who still believe it. I’ve seen 19-year-olds send their rent money to this thing. They think they’re ‘investing’. They’re just donating to a Russian bot farm.
Maggie Harrison
December 16, 2025 AT 02:07There’s something beautiful about how this scam works - it’s not about greed. It’s about hope. People don’t want to believe the world is rigged. They want to believe that if they just click one link, they’ll be handed millions. That’s not stupidity. That’s humanity. And scammers? They don’t prey on fools. They prey on dreamers. The real tragedy? The dreamers are the ones who still believe in fairness. The scammers? They never did.
Philip Mirchin
December 17, 2025 AT 10:26Just want to say - if you’re new to crypto and you see something like this, don’t panic. Just ask: ‘Can I withdraw this to my wallet?’ If the answer is no - it’s not crypto. It’s a gift card. And if they’re asking you to deposit to ‘unlock’ it? That’s not a feature. That’s a trap. I’ve helped 3 friends avoid this exact scam just by asking that one question. You don’t need to be a genius. You just need to be skeptical. And that’s enough.
Murray Dejarnette
December 17, 2025 AT 16:08Bro. I just saw a TikTok ad for ‘Welcoin Exchange’ with a guy in a suit saying ‘I turned $500 into $50,000 in 7 days!’ The video had 2.3M views. The comments? 90% ‘HOW??’ and 10% ‘SCAM’. The people asking ‘how?’ are the same ones who lost their life savings to this. And the ones saying ‘scam’? They’re the ones who already got burned and are too ashamed to admit it. This isn’t a crypto problem. It’s a culture problem. We reward hype. We punish caution. And the scammers? They’re winning because they know us better than we know ourselves.