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BTC Fury Review: Is BTC Fury a Dangerous Scam?

BTC Fury Review: Is BTC Fury a Dangerous Scam?

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BTC Fury (btcfury.io) promises investors that it will generate passive income for them. The site is promising a daily return of 5% and this makes us believe that there is no truth in the BTC Fury sales pitch.  If you are someone who has a firm grasp of economics, then you know that these claims are false. No one can sustain these numbers over the long term. This firm has done an excellent job in terms of marketing.

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However, that means they found enough victims for their pyramid scheme. Go through our full review to find out the real purpose of this company. Because this website looks suspicious, we would like to announce that we are not going to include it in our list of recommended trading solutions. 

BTC Fury Review

BtcFury claims to be the first of its kind innovative financial solution that allows big players to make confidential transactions using Blockchain technology. They also make the following statement. ”Your high and stable income will be formed from the commission deductions that we get from our customers transactions all around the world”. Clearly this statement does not portray a meaningful explanation of how these people make money. They are explaining their business using vague language but the truth is that this is a ponzi scheme as opposed to a genuine trading operation.

Proper license and conduct are necessary for all the firms in the finance niche to be operational. This platform features registration certificate boldly to create good impression in front of the potential investors.

However, the steps taken by them is just a deceptive trick to fool the public. We personally ran a search across all the regulatory authorities and there is no information about them. In short, we can confidently call this whole operation as a scam.

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If you need to contact the support team of this firm, it can be done via email. When interacting with them, regardless of what miracles they promise you, never give them your credit card details. Here are the contact information of this platform.

BTC Fury Operational Model

BTC Fury talks about the advantages of the blockchain technology and the general concepts. However, they never reveal any details about how they generate the revenue.

We do not know what parameters they use in their decision making process. Cryptocurrency in general and Bitcoin in particular have huge hype surrounding them. Nonetheless, do not take part in the craze, unless you have a clear idea about how things work.

As far as transparency is considered, their way of vague presentation makes it very hard for any rational investor to trust them. In short, since we as investors do not have any statistical edge, it is definitely not a worthwhile investment.

Guaranteed income?

3% to 5% is the kind of returns which this firm advertises. Moreover, they have the audacity to guarantee the profits. 5% per day is a thing which is mathematically impossible to sustain.

If their claims were indeed true, then why are they offering it to the public for free? Plus they do not have any verifiable trading history to back up their claims.

So, do not be generous enough to give them the benefit of the doubt, because you will regret it later on.

Affiliate program shows that this is possible a ponzi scheme

This firm is well aware of the fact that, without proper marketing their scheme will fail. To gain popularity and increase their reach on the internet, the creators offer an affiliate program.

The online marketers are given a decent revenue share in exchange of supplying them quality traffic. This operational model benefits only the promoters and owners while the only ones to bear the expenses are the clients. If you happen to land on any channel or website which gives them positive review, then you might be dealing with a scammer.

Details of site ownership

Just like we anticipated, the details of the creators are masked. Nonetheless, we were able to gather the following demographics of the domain using alexa.com and whois.com. Domain – BTCFury.io, Registered On – 27/07/2018, Expiry – 27/07/2020, Alexa Global Rank – 48,035, Rank in Iran – 2,493, Target Audience – Iran, Brazil and Russia.

BTC Fury does not practice transparency

BTC Fury makes the following statement on their site: ”As transparency is a part of our corporate philosophy, we’re glad to share our daily statistics to let our investors monitor the project activity right now and here. You don’t need any paper reports or presentations, Btc Fury will constantly keep you updated.”

What you should know is that this website does not practice any transparency. The stats which they are showing us are not verified by a third party and there is no way we can trust those figures.

Nowadays, most of the online businesses consider transparency as an important aspect. After all, it is the thing which directly correlates with public relations.

The owners of this platform have maintained a low profile which is a major cause for concern. Usually, the legit firms take pride in putting a face in front of the names. The sole reason the creators are staying in the shadows is to avoid criminal prosecution.

Moreover, they follow pyramid operational model which is illegal in most countries. Basically, they create cash flow by using the money from the new investors to pay the old ones. So, as you can already tell the scheme is bound to collapse sooner or later.

Our best advice for you

BTC Fury is just a viral scam with a seemingly convincing narrative. They prey on the lack of knowledge of the newbies to make money for themselves.

5% per day compounded forever means that, within a couple of decades you will own the entire world’s wealth. While these kind of riches seem interesting, do not slip into the fantasy world because there is no way you will ever make this amount of money from a scam lime BTC Fury. Meanwhile, you might consider investing on these trading solutions since these tools are being used by traders all over the internet.

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