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Coinmix Review Update 2023: Another reason to stay away from the platform; no one is able to access their accounts, and the website went dark.
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There are a few ways you can safely invest online. And in many cases, you won’t need to sacrifice your money in order to put yourself in great risk of a loss. Thankfully, there are scams that are so obvious. We are seeking to weed them out from the online investment community so that everyone can be safe. Coinmix.biz is a culprit, and before you invest on this site, you need to read this Coinmix review very carefully.
The site is claiming to sell 5.2 GH/s for every $1 invested or spent on their plan. The minimum withdrawal is set at $0.5, 0.0008 BTC, Zcash 0.005, LTC 0.05, Eth 0.005 and 0.005 Dash. These minimums should be attainable in a very short duration if Coinmix really believes that they can generate the profits which they are claiming.
Payment method for this site is in Bitcoin, Payeer, PerfectMoney, Dash and Ethereum, all of which are considered a favorite method for scammers who want to accept payments from internet randoms. When we look at this site, we see that it is clearly a ponzi scam from the word go. We have no doubt.
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You must be very careful not to join this kind of scheme. This high yield investment site is a ponzi scam. The daily ROI is too high to be sustainable. In fact, this site can never pay the ROIs it claims to pay. That is why there are many complaints against it. The site has been accused several times of not being able to process any payments. Instead, they block users who insist for a refund.
The site does not have address or contact information. The domain is privately registered to maintain a high level of anonymity. The website doesn’t even have the most basic of courtesies. With no way to contact the anonymous owner, we can say that this site is sending a strong message and warning out there. Most naive investors just can’t see it. But the tell tale signs are telling us very clearly that the site is a scam operation.
There are many reasons as to why Coinmix cannot be trusted or is being considered an unreliable website. The first thing is that the site is selling Gh/s when they don’t even have data centers from which they can generate hashing power. So that means the site is basically selling nothing in exchange of real money.
There is no product or service. The site is only selling affiliate membership in which tier one affiliates are to be rewarded 15% when referrals purchase under them. In the second tier, investors are supposed to be rewarded 5% and 2% in level 3. Also, for every level one partner that affiliates register, they will receive 1 Gh/s.
This is what we refer to as deception. There is no selling of GH/s here and according to user reviews and testimonials, Coinmix has never sold hashing power to any of its users. This is in line with our analysis and suspicion that the site didn’t have any data centers, and so mining was an impossible task.
What we know is that Coinmix is taking new deposits and keeping them. Initially, the site was paying. Then it assumed a scam status when it stopped paying and still continued to collect user deposits.
There are many users who have written scathing remarks against this site, and they appear to have been really scammed by the culprit website. Generally, these users claim that if you come too aggressive on this site, they will block your account. The things they don’t want include being asked for a refund or reasons as to why payout has not reached an investor’s account as promised by them.
They hate these questions, and that confirms that Coinmix is just a dirty scam operation which does not deserve your time and money.
If you want to find out if a site is high risk, just check whether the owner registered the domain privately. Sites whose owners are not upfront with their identity are always dubious and high risk. Coinmix has just proved that the anonymous admin is a daylight robber who cares less. You must be careful when a website owner is not upfront with their details. This is a perfect example of an MLM scam, and they are using the cover of a who.is privacy feature to continue wrecking havoc.
After looking at the site carefully, we realize that the site does not engage in any legitimate business. And if ROIs used to be paid, they did it based on new user deposits. Since everyone knows that this site is a scam and no deposits are coming in anymore, the ponzi’s waters are dry. That is why they stopped paying. The math behind a ponzi scheme is that it should pay for a short while and then stop paying altogether. When it reaches that point, it can disappear anytime.
The site doesn’t even respond to customer emails. They are immune to complaints and do not care whatever you feel about them. This is the true definition of a ponzi scheme. Ponzi scam owners are insensitive, and will go along way to stealing from anyone who trusts them with funds.
Fake screenshots allegedly showing payouts have surfaced on the internet. They are doing rounds on popular investment forums like Beer Money Forum. You have to understand that these screenshots are fake. They can’t be relied upon due to the simple fact that no third party has verified them, plus screenshots are generally not considered hard evidence. We cannot prove anything with screenshots. That is why ponzi scams love to use them.
When you hear the word Coinmix, ignore them because the anonymous scammers are hellbent on robbing you. The high risk nature of this site makes it an unsuitable investment destination. We urge you to purchase robots here.
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Fake and big time scam. stop