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Btcone.co Review: Is BTC One Legit or Scam?

Btcone.co Review: Is BTC One Legit or Scam?

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Btcone is an alleged cryptocurrency cloud mining platform the claims to generate profit for investors. The company’s main area of interest seems to be Bitcoin mining, and they claim to have the best algorithm you require for mining.

The platform promises investors data security while mining bitcoin. However, how the company plans to protect your details and the software used to protect your data is not known. This investment firm brags that through their software, you are guaranteed massive investment returns.

Btcone promises investors that via their mining methods, you earn during both the day and night even without participating. Investors are not required to take part in the maintenance of the hardware, yet how the hardware operates is not transparent.

The investment firm claims that its location is in London. However, this is just an allegation to hide their murkiness. As you read this review further, we will show some of the red flags the platform portrays to investors

The platform claims that they’re based in London, but this allegation is not entirely true as the data is just made up. The company exposes numerous red flags that directly prevent you from trusting this money laundering scheme.

No cooperation certificates have been provided of any regulatory data, and as you read this review further will touch on this information. Unregulated platforms easily go against the law whenever they want.

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Btcone was created in 2018 and claimed to have the best experience in the trading world, yet we all know that this amount of time is not enough to boast of having top-notch experience. The company claims to have registered more than 13000 investors in the platform with no evidence to support this figure.

Btcone.co  Review

Btcone.co claims investors earn numerous gains while trading the platform, stable trading, and positive result outcome that are profitable to you. However, this is not a true statement, how this platform operates or the hardware they use to generate funds for you is still not known.

Btcone claims having insured the venture under, multi-stage fall back insurance. The company also assures investors protection from multi attacks while mining hence guaranteeing peaceful mining.

The investment firm promises investors that they will always earn bitcoins in their accounts once they venture into the platform. The firm encrypts external communication through the use of SSL technology.

Btcone.co Review: Is BTC One

The platform only claims to protect you from scammers, but how they do it is not well explained. New members who joined the company are entitled to an offer of free 200GH/s.

Scammers use this marketing strategy to tempt you into depositing funds with an investment firm. Once you fall for the catch, the pyramid scheme will block your details or even delete your account without even giving you the bonus amount.

The name of the founder of Btcone.co is known, and this is not enough information to prove that the platform is genuine. Invest with Legit mining digital currency companies that have a good reputation and which will not compromise your earnings.

Legit trade platforms always provide the employees and founders past trade data and educational background and also personal information. Because you are going to trust someone with your hard-earned money, you should not risk losing your money to anonymous people but only trust legit platforms that are transparent to you.

How Does Btcone Operates?

Mining platforms should always estimate the time it takes for you to earn profits to compare the competition rate before you deposit a dime.  Btcone time estimated for you to earn a profit is shady to investors.

Scam platforms always use massive investment numbers to attract and tempt you into depositing money while hoping to earn massive returns. Btcone.co estimates the return to 7% of your investment in daily returns.

The platform further promises you 200% as a monthly estimated return, and this figure for any experienced investor is a major red flag. The crypto mining world is fast-growing, and the competition is rapidly increasing.

Generating huge profit returns in the past was easy, but for you to generate such kind of returns, you require patience and general knowledge of the platform. This investment firm claims to have what it takes to beat the competition in the crypto mining world.

This trading platform promises investors to secure data storage in cooler areas, where the cost of maintaining the hardware is a bit cheaper. The platform claims they are not charging any transaction fee to investors and that most of the transaction is free.

Funds Safety

The platform does not guarantee fund safety because no bank information has been provided. Platform mentions the founder, but identification details have not been mentioned. Hence, how your money is going to be operated is unknown.

According to whois.com, the platform was registered in 2018 December and was last updated in 2020 January; the platform registration expires on 2020 December. The domain name for the company is Btcone.co.

Despite this investment firms claiming to pay investors, no evidence of any successful payment is visible to investors. You risk losing money to this Ponzi Scheme if you blindly believe any offer they promise you.

Regulation and Customer Support

Btcone may seem transparent, but don’t be quick to invest your money. The platform has not provided you with any regulatory data to prove they obtain money from the public legally.

For any trading platform to be allowed to generate funds from investors all over the globe, regulatory procedures need to be adhered to. The platform has not provided any contact support to you; hence reaching the platform is a hard task.

The owners of the investment firm risk facing criminal prosecution and this is the reason they hide their personal information. The platform office address is also not known, and the banking information which means your fund is not safe with the investment firm.

Scammers always try to remain anonymous because once one platform is closed, they immediately open a new one and try to scam you again. Legit trading platforms will always provide regulatory data to investors to prove genuineness in their investment plans.

Final verdict

This company method of operation is shady and hides crucial information that you require for you to trust any mining platform. Btcone ROI estimation does not make sense, and this is a definite red flag.

The platform only claims it will make a massive profit for you, yet how they will make the profit is not known and also the hardware used. You risk losing all your money once you trust unregulated mining companies.

You expect to see at least some information over evidence of successful pay to investors trusting a platform with your funds. Btcone has no contact support system that you can use to reach them for assistance.

The platform team of employees’ information is hidden; this raises doubt about the alleged investment firm. You should, however, only trust legit platforms that provide you with past trading history, and that truly generates profits on your investment.

You require address information of the company whereabouts for you to know where your fund is going in a company. This platform claims it’s in the UK, yet under the FCA no regulatory body, there is no information found about Btcone.co.

 

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12 Replies to “Btcone.co Review: Is BTC One Legit or Scam?”

  1. Beware of Btcone.co site it’s totally a scam site. I don’t invest in it thou but i use the free minning to try if it is paying. I’m almost at 300k satoshi in few days but when i log in again in their site my earnings go back at 0 satoshi. It’s a waste of time to this scammers!!!

  2. Very big scam don’t even try it.once you reach the minimum redrawer they will cancel your account and you can’t even sign in again.

  3. tolong dong bagi link invest legit yang depo bukan free,gw siap jadi referal yg sudah sukses,,1 link aja mas,, invest lama gpp ,receh gpp,, asal membayar,,thx

  4. Super scam I already upgraded my account but still re. Ain free account no reply from their support till now so clearly its all scam

  5. I have 0.01 something in my account so when I try to withdraw I was ask to upgrade to crab in order to withdraw.What is wrong with this people?Why don’t someone blocked their site..

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