What is cryptocurrency scam, and how to avoid being a victim? Let me explain. Due to the popularity of cryptocurrency, scammers are utilizing it now as the currency of their online scams.
You came to this page because you wanted more information about this subject.
After reading my article, you will have a better view of this subject, and hopefully will guide you to the right path in your online endeavor.
CRYPTOCURRENCY WEBSITES TO AVOID!
The first thing you have to do is identify those scam websites and avoid them. I have made a list here which will be updated from time to time. It is best to revisit these page to check for the updates.
Binary Trading Sales Funnels Pretending to be in Cryptocurrency Business.
Bitcoin Millionaire Club
Bitcoin Millionaire Club is a platform that claims they have a software that can make winning trades in binary trading and you will make $13,000 per day.
This website claims to make you $13,000 richer a day while on autopilot, and every naive person who hears this enticing offer would not waste time and will register immediately. They will plan on what to do with the huge money they are about to earn, or better say they thought they would earn.
How Does it Work?
The sales page of the website will welcome you to the sales video where Steve banks, the founder of the site, narrates the things you should know to get hooked on them.
So, he shares his achievements and life's milestones, and he is inviting you to join them to experience the same. He promises an instant $550 just an hour after joining and a guaranteed earning $13000 in 24 hours.
His biggest selling point is that you can start for free. As his video goes on, you will learn that Mr. Banks, used to work on a huge Wall Street investment company as a software developer.
His work is developing software that can create money flipping bitcoin ads with no need of owning one. There is no clear explanation given, on the meaning of the bitcoin ad and the reason why flipping ads are something you would want to do.
The first information you need to provide them as you join is your contact number. Then after that, you will receive a phone call from one of their financial adviser.
They are not the person they introduce them to be, as they are binary brokers who are aiming to deceive you to earn huge commission.
No magic software can give you that much amount without doing anything because if there is, the owner of it will never sell it to a price a lot lower than what it can supposedly make.
And besides, if that is real, you should have thought that the offer should not reach you in the first place. There is no need to market offers as such as people will beg to have them.
If you want to trade in Binaries, you can do it on your own. If you want to try it, just open a demo account in Iq Option and use play money to trade. I will not recommend that you use real money as for me trading in binaries is a form of gambling.
If you want to gamble, I think it is better to gamble in a casino, at least they regulated, and they pay taxes to your government.
I will only gamble if I will have a chance to win a dollar for every dollar I bet. It doesn't happen on casinos as they take at least 35% of the prize of your winning bet.
It is almost the same in binaries. When you lose a bet, they take all your money, but if you win, they will not give all the money.
I believe in the saying that if you are a gambler, you are a loser, but I do not know about you. Earning online is possible and real, you just have to be very picky which one to believe.
Crypto Money Maker
This website is taking advantage of the cryptocurrency's popularity to serve their agenda.
This website run by Jordan Wood is here to make you hope the best out of your investment, but you will end you up broken-hearted with a zero bank account.
There are a lot of online money making opportunities these days that promise you with easy money, but before you get into the lure completely, you need to investigate and assess the situation.
There are many platforms online that concentrate on just one goal, which is to cheat people and sad to say, this site is one of them. If you think that the visuals are not convincing enough to believe that this website is a scam, then let us go to the videos then.
On their video, you can hear actors bashing on scammers, and they were sharing experiences about how hard it is to be a victim of scammers. This method is a strategy that they use to get into your good side and make you believe that they are not one of them.
Jordan is sharing his life. He is sharing how his life changed and how beautiful his lifestyle now while sailing in the Caribbean on his yacht.
I must admit that you can earn money online anywhere as long as you have a strong internet connection, yet it cannot justify that what Jordan is sharing is true.
It is completely a method that he uses to make his site visitors wonder and think how good it is to have a lot of money in the bank.
Once you get into his bait, the only thing you would feel after is desperation to get as rich as Jordan. Who would not feel interested in rags to riches stories, right?
The story he shared is just there to show you that you can copy his success, from being unemployed to try finding his luck on the internet so many times and finally hitting his most awaited jackpot!
I am almost positive that we are now on the same page to call this website a scam. Just giving your personal information like email address, will give them the opportunity to mark you as a willing victim.
Thus, expect to receive tons of spam marketing emails and sales calls which may lead you to spend even more. Now that you know all the facts about this website, would you still take the risk? You have to be very smart in choosing where to invest, and it is not easy to hope for easy money and end up losing a lot.
Crypto Edge System
This website, by the way, has nothing to do with cryptocurrency. They are not a trading platform or a coin exchange. The only product they have is an ebook, and the software that they claim will make you a lot of money.
They will funnel you to a binary broker and guess what? The minimum investment of $250 for binary trading is offered.
Now you will have to invest your money in Binary Trading and using cryptocurrency as the commodity. That software is no better than flipping a coin.
I will not say that this website is a scam, but you should avoid it at all cost. So, whether it is this website or another one, this type of trading is not your best option especially to those who do not have that money to spare.
You can try other websites where you can earn real money, there is nothing wrong if you want to use the internet as your source of income, but you have to be very careful on which amongst the sites to believe.
There are a lot of methods to earn online, but unfortunately, this website is not one of them. The facts stated here makes it clear that there is no reason to believe that this website can make you rich in just a few days.
Do not invest your hard earned money to something unsure, and you have to be very wise choosing the right website to entrust your money. Only believe if you have good facts to hold into if none then forget it.
If you are one of those people who are sick and tired of dealing with different scams on the internet, registering with another one may not be ideal at all.
You may be thinking of considering this website thus you get into this review, sad to say, this is just one of those websites that will disappoint you.
The secret software that they claim is actually to lure you into trading in binary options. If you know binary options, then you get the picture what this platform is offering.
There are so many scam websites that are operating like this, and they claim that their software can predict if the price of Bitcoin will rise or fall in the binary trading platform of their chosen broker.
How Does it Work
So going back, this platform is nothing but full of fake information, false hopes and BS.
They want to make their members believe that the brokers integrated with them are regulated, but unfortunately, they are all shady and unregulated.
Smart people that are only after your money and always ready to catch people through their dangerous bait.
The reason why I want you to know more about this site is that I do not want you to get into their attractive offer of getting rich quick, but you end up losing all your hard earned money.
To add, the workers of this site are all genius regarding sending spam marketing emails and advertising strategies that are fake, like click baiting and phishing.
That being said, I am asking you to please stop clicking any links related or associated to this website as there are a lot of complaints about malware and viruses in .exe files when it is downloaded on their mobile phones or devices and PCs without their prior permission or consent.
Moving on, I still have a ton of information that I want to share with you, so please read on.
The bait will start as you start watching their sales video. The video will start making you believe that if you join today after 90 days, you will gain complete financial freedom.
Then after, a whopping $14000 will be transferred immediately during the first day that you sign up with what they call the “revolutionary software”.
Steve will tell you there is an urgency required to achieve it, and he will tell you to take action now or else you will miss the opportunity.
So McKay will tell you that people now are grabbing the opportunity of what the Bitcoin boom can offer, so he is encouraging you to join the craze by joining his team.
Let us know more about this Steve McKay. As stated previously he was a developer turned investor and he is here to help those who aspire to be like him, and he is willing to share his techniques with others, but the truth is, he just wants your money.
Bitcoin Code is a website which is a sales funnel to Bitcoin Binary Brokers. The rising popularity of virtual currency has also increased the number of people who want to invest online.
It precedes the will of many individuals to work from home and join online programs to earn extra cash now and then. For all of us, it seems an enticing idea, but there are things to consider before doing this kind of work through the Internet.
What is Bitcoin Code?
Do you mean to work for legitimate programs and not those scams that proliferate online? These questions are real, and it calls for us to examine every program that comes our way.
After all, we wouldn’t want to waste our time, money and resources in dealing with illegitimate work-from-home programs. Let us talk about the system that BC is using.
We have been waiting for the day that there will be a creation of trading software that has something to do with a virtual currency such as BC.
This is very enticing because a lot of opportunities will be shared with anyone to earn extra money through the system. However, it is better to stay informed and be updated before spending money to participate in the trading scheme.
Before I start working online, I had no experience when it comes to online investment, so I readily spend money for any program that I want to join.
As a result, I lost a lot of cash, and it gave me a valuable lesson. It is always a practical move to study a platform before joining it.
BC is just the same with others that I joined in the early days of my career online. The technique of attracting people to join it is just the same, including the ability to sell hopes and dreams without thinking about its effects on the people involved.
No wonder I am inspired to share with you an overview of the entire operation so that you will not be a victim in the process.
The owner of the website is Steve McKay. The price is originally tagged as free. Since I’m aware of this scheme, I want to rate the program with nothing, not even one star.
The promise of the website is simply to allow you to use their software or program so that you can earn a lot of money online.
Cash Gifting Site Pretending to be in Cryptocurrency Business.
BTC 1 Up
BTC 1 Up is a platform that claims they can leverage the price increase of Bitcoins minus the risks of failure if the supposed bubble should burst.
How Does It Work?
It could be possible for you to earn money using the system but you cannot rely on making a full-time income. The marketing strategy of the site has something to do with advertisement wherein you will make money leveraging the attractiveness of Bitcoin.
However, this marketing strategy is a hard sell because of the numerous scams related to Bitcoins. Although this may be confusing for you up to this point, do not hesitate to read more about the site to get more valuable information.
I will not consider this platform as a scam. However, it is not an opportunity to earn money online, and people should avoid it at all cost.
For those who are experts in recruiting and sharing advertising offers, this is a perfect opportunity. But only a few individuals can do that, and the rest will fall as victims of this kind of online business.
Fake Cryptocurrency Mining Platform.
Power Mining Pool
This platform is luring people into their supposed to be cryptocurrency mining operation when in fact they do not have a rig, and they just rely on their MLM business.
As mentioned earlier, there is no available product to buy through the system because it is just an affiliate program. If you become a member of the platform, you will just offer the same system so that you will earn a commission.
You’ll eventually realize that their proposition is weak although the hype of overwhelming for all to see. With that, the most important step is to learn about their compensation plan and the payment involved in it.
There are already a lot of people who joined the program so far. If you’re an affiliate and your goal is to earn 70 EUR, you need to pay a corresponding amount which is 50 EUR.
Because of your payment, you will have a chance to receive profits and become part of the referral commission program. It means that you will receive payment after inviting other people to join the program.
Simply put, the more people you will refer to join the system, the more money you will get from the website.
Multi- Level Marketing Pretending to be in Cryptocurrency Business.
Club Fast Coin
Club Fast Coin claims it is an online business which deals in forex, Bitcoin trading, stock exchange, and commodities.
The primary difference between Club Fast Coin and other similar Bitcoin sites is in its presentation and their attempt to be more transparent.
What this means is that while others platforms keep their pages and descriptions as vague as possible, Club Fast Coin is relatively more transparent.
They even give users the option of the language they want the website to be in, giving it ease of use.
The language options available include English, French, German, Italian, Russian, and Spanish. Despite these options, some statements are poorly worded, which is something to watch out for.
This is a step up, as a lot of online platforms do not even offer anything more than a sales page and multiple links leading to the same sign-up page.
However, aside from giving a further explanation regarding their investment methods as well as informing their members that the company was registered in Belize, it does not give much else.
It would have been good to know the names of the people running this program, but alas, no such data has so far been made available to the public. Once more, the contact page of Club Fast Coin does not provide any names.
Everything is almost convincing, but the thing is, they did not advertise that they have an affiliate program up front but buried. It is only in their Frequently Asked Questions that their affiliate program is mentioned.
Now we can forget everything about the trading in Forex and that stuff they claimed above, and that is nothing but a facade for this platform.
It is also the same reason why they offer an affiliate program as well as a decent commission as it is the main business which is recruiting. Club Fast Coin may seem different from the rest, but trust me, there are hundreds, if not thousands, of Bitcoin MLMs and Club Fast Coin is just one of them.
The only way this site will survive is if they have new members joining every single day. Without the new members, all the earnings will stop, and the program will not run just like many other platforms that run the same type of business model.
PTC Site Using Cryptocurrency
BitcoFarm claims that it gives out instant Bitcoin payments to all of their members. However, there is no valid proof available of this despite extensive searching.
In fact, there no evidence supports that their business is legitimate despite their extravagant promises.
This happens because websites like this would not be able to sustain the amount of income this program is promising without having to resort to underhanded strategies.
What is even more questionable is that the people who are running this platform claim that they can sustain this income stream at a fixed rate, unlike similar sites that provide their members with fluctuating payments.
One of the ways this platform attempts to sustain this rate of income for their members is through the use of a Ponzi scheme.
Some former members claim that the bulk of the site’s money comes from this referral scam and the PTC Bitcoin platform is merely a facade to hide this illegal operation.
The claims that you can make between 0.45 BTC up to 1.35 BTC in a month for investing 0.11 BTC by purchasing a cow is Holy Cow indeed.
That's a preposterous 400 % to 1200 % ROI per month, and no business model could earn and sustain to pay that much to its existing members.
Their forum is self-implicating as there are a lot of complaints of missing funds and other anomalies which are not even replied by whoever runs this site.
It is just a combination of a Ponzi scheme operating on a PTC site and utilizing Bitcoin as the form of currency to make it more appealing to potential members.
This platform is a total scam and should be avoided at all cost as it does not offer any value at all to the members who will invest in this platform.
There are so many different scams involving cryptocurrency, and there are still so many types of cyptocurrency scams that I did not touch. Granted that you manage to avoid the scams, you will face another challenge. It is tough to decide which cryptocurrency to invest considering the volatility of the market. As you can see investing in cryptocurrency is very risky.
If you are into cryptocurrency, I suggest that you use your knowledge and share the information you have. Did you know that by sharing information you can make money? That's what I am doing. I am doing full-time business through this website and what I'm doing is just helping people.
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