Tensocoin Review

Tensocoin (tensocoin.com) is a fraudulent cryptocurrency exchange designed to steal your money. It falsely claims to be a legitimate platform operating since 2017 and regulated by AUSTRAC, but these are lies.

Part of a larger scam network behind hundreds of fake exchanges like Dogetox and Platotrade, Tensocoin uses fake celebrity endorsements, promo codes, and a polished interface to deceive users.

This article answers all your questions about Tensocoin, its scam tactics, red flags, and what to do if affected, so you won’t need to search further.

What is Tensocoin?

Tensocoin markets itself as “Australia’s largest fully regulated and licensed AML/CTF compliant AUSTRAC registered Dual Gateway Exchange Platform” for buying, selling, and trading cryptocurrencies.

It claims to have been online since 2017, however, these are fabrications. Tensocoin is not registered with AUSTRAC (Australia’s financial intelligence agency) and is a scam.

It belongs to a network of fake crypto exchanges, including Dogetox and Platotrade. The platform’s professional design and detailed fee structure are mere illusions to trick users into depositing funds.

How Does the Tensocoin Scam Work?

Tensocoin employs a multi step scam to steal cryptocurrency:

1. Fake Endorsements: Scammers use deepfake videos of celebrities like Elon Musk and Cristiano Ronaldo on platforms like TikTok and YouTube to promote Tensocoin, building false trust.
2. Promo Code Lure: Victims are directed to tensocoin.com and prompted to enter codes (e.g., “CR7” or “Tiktok11”), which display fake balances like 0.31 BTC in their accounts.
3. Deposit Trap: To “withdraw” the fake balance, users must deposit real crypto (e.g., 0.005 BTC). Once deposited, the funds are locked.
4. Withdrawal Blocks: Attempts to withdraw trigger excuses like “account under review” or demands for more deposits. Eventually, the scammers disappear with the money.

No real trading occurs, account balances and fees are fabricated to mimic legitimacy.

What Are Tensocoin’s Fees?

Tensocoin lists trading and transaction fees to appear authentic, but they’re irrelevant since it’s a scam. Here’s what they claim:

Trading Fees

Transaction Fees

• Withdrawal Fee: A flat fee is charged, varying by blockchain network congestion.
• Deposit Fee: Listed as 2.00000 for coins like BTC, ETH, and USDT (likely a typo or fake detail).
• Transfer Fee: Free.

These fees are a smokescreen, users never withdraw funds, as the platform is designed to steal deposits.

Is Tensocoin Legit?

No, Tensocoin is not legitimate. It falsely claims AUSTRAC regulation, a status easily debunked by checking AUSTRAC’s official database (it’s not listed).

Its connection to a scam network, fake endorsements, and withdrawal issues confirm its fraudulent nature, as reported by various sources.

Red Flags of Tensocoin

Watch for these warning signs:

• Unrealistic Promises: High returns with no risk are impossible in legitimate trading.
• Fake Endorsements: Deepfake celebrity videos are not verifiable through official channels.
• Withdrawal Issues: Requiring more deposits to unlock funds is a scam tactic.
• No Transparency: No verifiable company info, team details, or physical address.
• Recent Domain: Tensocoin.com was recently registered, typical of scam sites.
• Fee Fakery: Detailed fees are meaningless without real trading.

Similar Scams to Tensocoin

Tensocoin is part of a scam network recycling the same design and tactics. Related fake exchanges include:

• Dogetox
• Platotrade
• Nyrofen
• Nasdacoin
• Cloudxbit
• Venoxbit

These platforms use identical design and methods, fake endorsements, promo codes, and withdrawal blocks, to defraud users.

What to Do If Scammed by Tensocoin

If you’ve sent money to Tensocoin, act fast:

1. Stop Contact: Cut all communication with the scammers.
2. Collect Evidence: Save transaction records, screenshots, and emails.
3. Report It:
   • Local police and bank (for chargebacks).
   • U.S. agencies: FTC, SEC, CFTC.
   • Internet Crime Complaint Center (IC3).
4. Secure Accounts: Update passwords and enable 2FA on all accounts.
5. Contact CNC Intel: Click the green button at the top to get help from cyber intelligence experts in tracing your funds.

How to Avoid Tensocoin and Similar Scams

Protect yourself with these steps:

• Verify Claims: Check AUSTRAC or other regulators directly for licensing.
• Research: Use CoinMarketCap, CoinGecko, or Trustpilot (beware fake reviews).
• Skepticism: Reject “free crypto” or guaranteed profit offers.
• Security: Use strong passwords and 2FA.
• Instinct: If it feels off, walk away.

Conclusion

Tensocoin is a scam crypto exchange that steals your money through fake endorsements, promo codes, and withdrawal traps.

Its claims of regulation and longevity are lies, and it’s part of a broader scam network. By recognizing its tactics and following our advice, you can avoid this fraud.

Share this article to warn others and please share your story in the comments below to help protect future users from falling for this scam.

FAQ