Home » Is Tesla Coin a Scam or a Trustworthy Crypto Exchange?

Is Tesla Coin a Scam or a Trustworthy Crypto Exchange?

by Nairobi

Investors may want to start trading with Tesla Coin, a company that claims to support buying and selling of some of the biggest cryptocurrency assets, given the recent price movement in the crypto space. In order to summarise the platform’s features and supported assets, our Tesla Coin review will look at the site itself.

The credibility of Tesla Coin will be determined by analysing user reviews, Reddit discussions, and other online feedback.

Tesla Coin: what is it?

The goal of Tesla Coin’s trading platform is to facilitate the buying and selling of digital currencies. Tesla Coin claims to charge no commission on trades or other trading fees to its members, in contrast to most of the top cryptocurrency exchanges.

Since the beginning of 2023, the best cryptocurrency tokens like Bitcoin and Ethereum have gained more than 35%, prompting investors to re-enter the digital assets markets. As a result of the improved market conditions, investors may start looking for the best cryptocurrency trading platforms.

The Tesla Coin website states that Bitcoin (BTC), the leading cryptocurrency with a market cap of over $430 billion, can be traded on the platform. In addition to Ethereum (ETH), Cardano (ADA), Litecoin (LTC), and Dash (DASH), one can trade a number of other cryptocurrencies.

Reading other Tesla Coin reviews, we learned that the platform advertises the availability of a demo trading account, wherein prospective traders can put their knowledge to the test using fictitious funds. The platform also boasts a round-the-clock customer service team.

However, no trading tools or indicators are mentioned on the Tesla Coin website, so there is a severe lack of information about the trading dashboard. Tesla Coin is similar in that it doesn’t credit the company’s founders.

Therefore, without access to the trading dashboard, it is difficult to prove a lot of the claims made by the platform. This is not possible until an account is opened and a small initial deposit is made.

Which Company Invented the Tesla Coin?

As was previously mentioned, the Tesla Coin website remains silent on the subject of the platform’s origin. There have been rumours that famous people were involved in developing this platform, but those claims will be dispelled in the following sections.

Like other well-known cryptocurrency tools like LimmerCoin, Tesla Coin’s creator remains unknown as of this writing.

Pros and Cons of Tesla Coin


A simple sign-up procedure

Allows users to trade in some of the most popular cryptocurrencies

does not impose any transaction costs in the form of commissions, spreads, etc.

Available with a free trial


lacks a trading app for smartphones

The Tesla Coin website doesn’t reveal much about the company itself.

Tesla Coin: How Does It Operate?

According to Tesla Coin, it is compatible with the best trading apps like Web Trader and Meta Trader 4. As a result, users can log in to these services in order to apply technical indicators, perform fundamental analysis, and examine various price charts in preparation for making trade decisions.

However, information about Tesla Coin’s internal exchange is scarce. Tesla Coin explains how to sign up for an account on their website. A user is required to make a minimum deposit after they have filled out their personal information and gone through KYC (Know Your Customer) verification.

You can’t get into the trading dashboard until you pay the minimum fee of $250. Users can supposedly get their money the next day after making a withdrawal with Tesla Coin.

After signing up, users have access to the latest and greatest in cryptocurrency assets. This is about all the information the website provides about the Tesla Coin platform.

That’s why it’s crucial to do your homework on Tesla Coin and read the fine print before putting any money into it.

Which Mobile and Desktop Platforms Support Tesla Coin?

Multiple platforms support Tesla Coin’s trading interface. Although there isn’t a dedicated trading app for Tesla Coin, it is still possible to do so via a mobile web browser. Some other devices that can be used to access this trading platform are listed below.



Tablets, including iPads

Countries That Use Tesla Coin

The following countries have been identified through research of other Tesla Coin reviews as those with access to the aforementioned trading platform:


Specifically: South Africa






Using a virtual private network (VPN), users in the US and UK can gain access to Tesla Coin.