Btconline.io states they are the leading Bitcoin mining pool service providers in the industry. Unfortunately, this is another mining Ponzi scheme in the market that you should avoid at all costs.
They offer investors a ridiculous amount of Bitcoins. The shady company promises its clients free 30.000 BTC earning per day.
The urge investors to sign up instantly for them to earn the handsome returns. The company assures its clients there is no need for purchasing expensive equipment to mine cryptos. All you have to do is select a plan, deposit funds, and begin earning.
Mining is never as easy as the Btconline.io claims. It would help if you familiarized yourself with how the market works. The platform features its recent payout on their website. The figures are too high, and it clear they want to appear as a credible entity to investors.
BTConline proclaims they are undertaking mining activities. The mining power of this Ponzi scheme is backed up by physical miners. The company can mine a large number of BTC due to the use of the latest algorithms in the industry.
Legit Mining platform always showcases its team to the public. BTConline does not disclose who their team is, or the qualification that they have regarding mining activities. Additionally, the founder of this Ponzi scheme is also running it behind the shadows.
As the investor, you have the right to know who is handling your money. Anonymity is not upheld when it comes to investment. You need to know who is handling your money.
Mining used to be a profitable venture in the past; currently, this is not the case as the number of miners has increased. Additionally, we highly suspect there is no mining taking place in this company.
BTConline does nit have mining rigs; they also do not disclose the amount of money that they take from an investor to cater to the mining activities. Venture with trustworthy mining firms in the industry that will not compromise your earning.
The investment company has an overestimated earning rate that raises more red flags. Btconline.io has five investment plans which lure innocent investors in their pyramid scheme. They have basic, enterprise, professional, and Platinum.
The minimum amount that you can deposit is 0.01 BTC. They offer daily returns, and for their basic account, they assure clients they will gain 0.00044444 Satoshi. In their Platinum account, they accept 0.9 BTC as the deposit. In return, they promise a daily earning of 0.08000000.
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The company also has an affiliate commission that offers 12%, 15%, 17%, 20%, and 40% depending on the plan you purchase. You will never be able to withdraw the earnings that the platform promises.
If you do the math, you will realize this is a lot of money. The amount of BTC they are also asking you to cash in is exceptionally high. If you trust them with your Satoshis, they will steal it all away, leaving you with nothing.
There is a misconception going on that crypto mining is a get rich quick scheme. The information is wrong as you cannot just become rich overnight. Patience and skill are required in every investment.
Regulation and Customer Support
For an investment company to operate legally, it needs to have a license from the regulatory bodies in various countries. Btconline is an illegal investment company that is working against the law.
They do not have licensing or registration forms that can create trust with their clients. You should keep off platforms that are not transparent. The shady company may exit the market without being traced.
The platform claims its location is in Baltimore, Maryland, 2009 Pine Tree Lane, 21236. It is not curtained that this is their actual address as it is the nature of pyramid schemes to use fake random bases.
You can contact the customer support of this shady platform via their email address; email@example.com. At this modern age, you should be able to reach the help of an investment company via phone number.
The only reason this company is operating in this manner is to avoid being caught by the authority. Ensure the company you venture with has excellent customer support that will respond to your query instantly.
The company features testimonials that allegedly are from their users. You can tell from the review that the company is trying so hard to appeal to as many investors as they can.
The testimonials seem bogus and manufactured. The reviewers endorse the fraudulent company with false praises. Thy state that Btconline.io is the best mining company in the world, and the majority claim they have earned 1BTC and above from this scam platform.
If you are a keen investor, you will realize there is not even a single negative review. Moreover, there is also notice there is no proof of payment that can verify they are paying.
The only people who benefit from a Ponzi scheme are its marketers. They get paid from the money you deposit in the system, and in return, they fish more victims for the website.
The reviews do not have any social media profile linked to them; hence there is no way we can verify they are coming from real investors. Pyramid schemes sometimes write the testimonials themselves to appear as a transparent company.
The Domain Insight
Btconline.io has been in the market since April 2018; its domain will expire in the same month the year 2021. The registrar of this platform is unknown to the public.
The data we gathered from Alexa.com indicates there is a lot of traffic coming on this website. They have a global Alexa ranking of 19,374. The majority of their victims come from Iran, South Korea, and Algeria.
Is Btconline.io Legit?
Btconline is not a legit company; you should not waste your time with this platform. You should not deposit your BTC with them as they will only steal your funds.
They offer a very high amount of Satoshi compared to their competitors which you cannot help but wonder if indeed they are legit why are they not among the best mining companies in the market.
They have a lot of traffic coming into their website, which shows their plan to scam as many people as they can be working. The company may pay at the initial first stage to gain credibility. Once they have a great number of the client, they will steal all their money and exit the market.
The platform is not registered, and they do not have a transparent mode of communication. Furthermore, they do not feature any banking information that they safeguard users’ money. Information regarding the withdrawal process is not clearly outlined.
All the testimonials they have seem cherry-picked, and it would take one second for an expert trader to realize they are not legit. It would be best if you did not risk the safety of your money with this Ponzi scheme. Proceeding with Btconline.io, despite the red flags we have mentioned, will be a bad decision.
Btconline.io Final Verdict
Btconline.io is a pyramid scheme that allegedly partakes mining activities. The platform is not transparent as they are operating anonymously. Moreover, they are unregulated, and they might exit the market anytime.
You should ensure you invest with legit companies in the industry that perform mining activities. Avoid trusting blindly platforms that promise you huge returns without any visible evidence.