Ezcoin.shop Scam Store: What You Need To Know

Ezcoin.shop is a deceptive website that offers to buy coins at unusually discounted prices. It may appear as a discounter, or as a marketplace for warehouse liquidation items, but it is in fact just a narrative to make you think about this site as a legitimate one. Upon ordering from this site, you will likely get nothing at all, or, at best, poor-quality or counterfeit items.

In this article, I will show the warning signs regarding the Ezcoin.shop site, the way this deception operates, and explain how to detect similar scams. This will help you to avoid similar shopping deceptions in upcoming times.

Ezcoin.shop Site – Scam Overview

As I said, Ezcoin.shop may initially seem like a legit discounter or the merchant of stock liquidation items. But a short analysis shows a disturbing amount of red flags that say clearly about this site’s dishonesty. Unfair advertising methods, excessively low prices, lack of customer support and customer reviews – this site fulfills the scam bingo right away.

Ezcoin.shop Scam

By purchasing items on websites like Ezcoin.shop, it is questionable that you will receive the items you’ve ordered. More typically, it results in one of 3 instances characteristic for scam sites.

Counterfeit goods. Not the worst option, as you get at least something. But as it usually happens to counterfeit items of popular brands, the quality will be inferior, to say the least. Eventually, the site may mention about that somewhere deep in the item description or “about us” page, but users rarely check them thoroughly. This is a especially common case when ordering from sites that offer baubles, small electronics and stuff the like.

Wrong item. To make the purchase look legit, but spend even less money on the actual item, scammers may send a random item they have on hand instead of your order. A worn t-shirt instead of a brand new one, a dirty aluminum dish instead of a set of dishes – frauds may turn quite inventive in that case.

Nothing at all. This is the most typical scenario when ordering from websites like Ezcoin.shop. Frauds take your money, promise the delivery, and then just disappear. As scams do not aim to exist for a long time, fraudsters are not wasting effort creating even a faint semblance of legitimacy.

Ezcoin.shop scam – How does it work?

As any fraud, Ezcoin.shop runs a simple and well-proven modus operandi. It usually consists of 3 stages, with certain deviations from time to time.

Step 1 – Attract the Masses. Frauds post huge amounts of promotions on social media, particularly preferring Facebook, YouTube, Instagram and TikTok. Paid ads say exactly the same things as their sites do: 90% discounts, free delivery around the world, hurry up to get the deal.

Ads of fraudulent shops posted on different platforms

As users consider ads on the mentioned platforms benevolent, they do not suspect anything at this point. Ads become particularly compelling during major events that boost people’s interest in shopping, like Halloween, Black Friday, Christmas, etc. Sometimes, they disguise themselves as resellers of the liquidated stock of bankrupt retail companies.

Step 2 – Take the Money. Once consumers are on the site, fraudsters do their best to make the consumers buy something. Impossibly good deals, additional discount promo codes, free shipping, bright and blinking “Order Now” buttons that are just everywhere – they use every single method possible. And this works out – uninformed customers stick to the offers and proceed to paying for the order.

Payments are done in a curious manner. Instead of more classic options for online shopping, like Visa/MasterCard payments or PayPal, deceivers offer using direct bank transfers, Venmo or CashApp. Thing is, the latter do not provide any refunds, regardless of the circumstances. Even when you can prove that the transaction went to fraudsters, “no refunds” is a part of their policy which you agree on upon registration.

Step 3 – Vanish. Once scoundrels get enough money, or – what is more likely – there are enough complaints and user feedback regarding the site being fraudulent, they just vanish. Usually, this happens at around the 2nd or 3rd week of the site activity. Once enough people know about the deceptive activity, the profits will dry up, leaving cheats with no reason to move on. Reporting the scam to the domain hosting helps take the domain down pretty quickly.

Why is Ezcoin.shop a Scam?

Well, we just talked about the way the hoax site operates. Now, let’s see how to understand whether the site is deceptive without risking your money. Fortunately, fraudsters do not bother themselves with creating well-rounded disguises, so the same red flags repeat from one site to another.

1. Fake or absent reviews

Fraud websites aim to exist for 1-2 weeks, so there’s no reason (and way) to make any online reputation with user reviews. Obviously, even legit shopping sites will lack buyer opinions when they have just started, as there were not many patrons yet. For that reason, this sign is not stand-alone and requires confirmation by other signs or indicators.

Definitely not generic comments generated by AI

However, when you face unrealistic reviews that have nothing to do with what the site offers for sale, that’s definitely not a good sign. Any blurred or balderdash reviews that may describe any item sold on the site should be taken with a grain of salt. And well, on fraudulent websites you will get an entire saltcellar. Do not hesitate searching for reviews on Google – this may save your money.

2. Unbelievably high discounts/low prices

No merchants will sell goods at loss for themselves. 70%, 80%, 90% reductions are not feasible even during sales events such as the aforementioned Thanksgiving day. In some cases, scam websites set the prices low without saying anything about discounts, but they will most likely be ridiculous, like $30 for a bed or $10 for a branded leather bag. Goods may be sold at a low price, but every discount has its sensible limits.

3. No customer support.

That factor distinguishes dishonest websites from the benign ones, even newly established. When a site is about to rip off the buyers, there’s no need to bother about answering their questions. Check out the “About us” or “Info” page (if it is present at all) – the page will likely have no support contacts whatsoever.

Typically for fraudulent sites, the “About us” column is completely empty

When they offer an email, or even a phone number to contact them, there is a huge possibility that these emails and numbers will be unresponsive to your request. This, or you will receive some generic text regardless of your inquiry.

As scoundrels tend to reuse phone numbers and email addresses for specifying them as “support”, you can search them on Google. When they appear on a completely different website, be sure you’re facing a blatant scam.

A chain of scam sites that use the same “support email”

4. Payments via payment systems that does not support refunds

This scam indicator is not a guarantee, as there are a whole lot of legit services using direct bank transfers, CashApp, Venmo or payment systems like them. Each of the latter has the same pitfall I’ve already mentioned above: they do not suppose any refunds. And this is what makes it so attractive to scammers – once you paid for the order, there’s no way to get the money back.

Some sites may also offer payments in cryptocurrency, which is even less controllable than aforementioned payment methods. While crypto transactions expand their presence slowly, they still remain a beloved bay for different fraudsters.

5. Items’ images are sourced from another page

As scams most likely don’t have any real items on hand, they are not able to shoot unique pics. Thus their option is simply to hijack these images elsewhere. When fraudsters offer the same goods on different sites, you can find such images on similarly-looking fraudulent sites. By reverse image searching on Google, you can prove whether the image is unique or not.

Image duplicates on another scam site, as well as on Amazon and Walmart sites

6. Design repeats the one of a different page

Frauds do not stop on stealing pics. As rascals may scam people on the same topic again and again, they put the same web design under the new address, and voila – a new scam is ready to rock-n-roll! In some cases, reverse image search on Google advice I’ve mentioned above may lead you to the copy of the original site. It makes uncovering such frauds particularly easy, but crooks who run them never aim at cautious users.

Example of scam sites that duplicate each others’ design

Frequently Asked Questions about the Ezcoin.shop Scam