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Beurax Review: Beurax.com Is A Common Crypto Ponzi Scheme

Beurax Review: Beurax.com Is A Common Crypto Ponzi Scheme

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Beurax is an emerging platform in the crypto industry. It is claiming to be a highly innovative platform that can transform the way crypto trading is done. According to its website, Beurax.com, the goal of the company is to provide modern crypto services to people through state-of-the-art technology.

However, there are many different aspects of Beurax that do not seem genuine. Hence, it is important to review this platform in detail and determine whether you should invest in it.

What is Beurax?

Beurax is a new platform in the crypto industry that is claiming to have access to all of the modern technology you need for crypto trading. Beurax.com claims that it is continually improving its own technology to provide constant success to the users.

Even though the company keeps mentioning have modern technology, it does not provide any specific details about such tools and technologies. It only mentions investing in risk management and security features.

The website of the company, Beurax.com, mentions a lot of different features of the company and its “innovative crypto bot.” However, it is quite surprising to see that it does not provide any information about the owner of the company.

There is no information available about the founder and team of Beurax. As a result, it becomes even more important to critically review this company and determine its authenticity.

Beurax.com

Domain Insights

Beurax.com was registered in June 2020. It is quite evident that Beurax is a highly new company. Yet, it is presenting itself as some kind of leader and well-established platform in the crypto industry.

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In order to seem legit, Beurax claims to be registered with the Australian Securities and Investments Commission (ASIC). However, there is no proof that the company is actually operating from Australia.

The analysis of Beurax.com shows that South Africa (12%), the USA (11%), and Canada (9%) contribute the highest amount of traffic to the website. It is highly possible that the company is actually based in one of these countries.

Owner of Beurax

According to a video on the YouTube channel of Beurax, the CEO of the company is Brandon Watts. However, there is no external information available about Watts. In fact, from the marketing videos, an actor seems to act as the CEO of the company. It is evident that Beurax.com is clearly hiding the name of its owner and the people behind this platform.

How to Join Beurax?

The initial affiliate membership of Beurax is free. However, if you want to earn any kind of profit from this platform, you will have to invest at least $20, 0.001 BTC, or 0.1 ETC.

This is a very minimal investment. Yet, you have to remember that there is no guarantee that your money will actually be safe with Beurax. It is highly possible that you will not gain any significant profits in exchange for this investment.

Features of Beurax

Beurax.com mentions a number of features to attract users and make them invest in the company. Let’s review these features in detail:

Innovation

Beurax is claiming to be a highly innovative platform that has developed a modern trading bot to help you achieve financial freedom. The company is claiming that you cannot find any other platform like this one.

Yet, if you closely look at the company’s business model, you will realize that there is no innovation in it. There are hundreds of similar crypto trading companies that ask users to invest in the company in exchange for daily profits. 

Quick

Beurax is enticing users to invest in the company by promising automatic and quick crypto trading. The website states that crypto trading is a highly boring task, so you should use the Beurax.com crypto trading bot for quick trading.

However, you should note that even if crypto trading is boring, you should still have some sort of participation in the entire process. Such features of the company show that its primary aim is to crypto trading bots collect as much investment as possible without providing any actual crypto trading services. 

These features only point to the fact that Beurax is desperate to get investment by convincing users about its legitimacy. However, you should not trust such claims and avoid investing in this platform. Instead, use the crypto trading bots that provide reliable and efficient crypto trading services. In this way, you will be able to make a good amount of profits via trustworthy crypto trading bots.

Error-Free Bot

Even the most well-established crypto trading and mining platforms cannot promise error-free trading procedures. Yet, Beurax claims that it has a perfect crypto trading robot that cannot make any sort of mistake. It encourages users to invest in the company and enjoy the services of this perfect bot.

However, it is difficult to actually believe these claims because the company is not providing any specific details about its crypto trading bots. It only keeps making general claims and promises to attract investment. 

Multitasking

Beurax.com states that the company is using its crypto trading bot on various exchanges. It also says that the bot has been developed to use different trading strategies so that you can generate maximum profits with it.

Yet, the company is not providing details about the trading preferences included in the trading bot. It only makes promises to the users that they will get favorable earning conditions from Beurax.

Income Structure

Beurax claims to have a customer-oriented compensation structure that provides massive profits to the users. However, the entire income structure of Beurax.com is like any other Ponzi scheme that asks you to invest in the company and recruit others. It revolves around affiliate ranks, recruitment commissions, and leadership bonuses.

Beurax

Such kind of business model is quite common in Ponzi schemes. You cannot expect to earn any significant profits from this income structure. Instead, there is a very high chance that you will end up losing your money because Beurax will collapse due to a lack of revenue. 

Conclusion

The above discussion makes it clear that Beurax is not what it claims to be. It is presenting itself as a leading crypto trading bot. However, it is similar to any other Ponzi scheme that takes users’ investment and promises them daily ROIs. 

The company fails to convince users about its authenticity by listing a variety of features. It does not target any one particular aspect of crypto trading. Instead, Beurax.com keeps making general claims to attract all kinds of users and make them invest in the platform. 

There is no proof of the fact that Beurax.com actually has any sort of trading bot. In fact, there is a high chance that it is only making these false claims to attract users and their investment. It is only using the name of sophisticated tools and technology to seem legit. 

The income structure also indicates that the company does not have an external source of revenue. Beurax is completely relying on investment from the affiliates. In other words, the company can collapse anytime due to a lack of financial resources.

Therefore, you should not invest your money in Beurax because it cannot provide any significant profits. Instead, you should use the crypto trading bots that provide a variety of trading preferences. Whether you are a beginner or an experienced crypto trader, you can use these bots and earn profits. 

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