Thanks for reading this Cryptofly review. If you are seated o the fence not knowing what to believe concerning this website, you will find this review quite useful. You’re are most likely wondering if $100 can generate $375 profits for 12 months as stated on the sales page of Cryptofly. Many people who visit that website ask themselves this question and they can’t seem to find an answer because the website looks and sounds very persuasive.

Well, this website is suspicious and we cannot ignore the red flags at all. They are the indicators we look for when judging whether an opportunity is paying or is looking to scam us. This site also claims that we can earn 9% daily returns for 12 months. They’ve even included a nifty profit calculator on their site to see how our potential profits can soar depending with the amount invested. This profit calculator is meant to deceive the naive investor who believes that there is free money to be earned. But that is not the case because money has to come from somewhere, and because the site claims to mine Crypto currencies, these returns are not typically witnessed in Crypto currency cloud mining. In fact, nobody has ever made 9% daily returns from mining. If you think about it carefully, this would be 270% returns a month, which is just too good to be true.

In short, if you send them your money ($1-10,000), you are going to lose it. The minimum you can invest is $1 and the maximum you can invest is 10K.

Note: If you want to mine Crypto currencies, our recommendation is that you should buy hash power from a reputable companies. Check out what these cloud mining services have at the moment.

Cryptofly Review

Cryptofly claims that they are mining various coins like  Bitcoin, Dogecoin, Litecoin and Ethereum. But who are these guys and where are they located?

According to the sales page, the guys who run this site work from home and are located all over the world. They are also planning to open their first office in Frankfurt — that is the claim which they are making on their marketing materials. The real faces behind this project are anonymous because no names were mentioned. We don’t know the CEO or any other person who is involved with the project for the simple reason that they’ve chosen to hide their identities and operate anonymously. This is one of the red flags that you should always watch out for. There is no way a person claiming to generate 9% daily returns can ask you for money while they are hiding their faces. There is something sinister about this, and most likely they have a second agenda because even the kind of returns which they tout on this site are too good to be true. We have never heard or even seen people making this much in Crypto currency mining.

They also claim that they will be giving bonuses upon signing up. The bonus is equivalent to $100 and should be used for 1 week before it is canceled. The platform, however, will not take the profits that they have allegedly generated for you during this 1 week period. This is a clever way of marketing and we can assure you that at the end of the day, the site will ask you for money in order to withdraw your alleged profits. If it is a scam, you will be asked to upgrade your plan and that means sending Cryptofly your money in order to get the alleged profits from their system.

What you will be seeing on your dashboard is nothing but fake money which cannot be withdrawn. But it is generated with fake hash power so as to make you think that Cryptofly is legit and can be trusted. But when you attempt to perform a withdrawal, that’s when you will realize that something is fishy. That is how all these scams operate especially if they lie to you that they are giving free hash power as bonus. There is nothing like free hash power.

And a 20% referral bonus is also too good to be true. When we factor in the returns that you will earn in a month and the referral commissions that you could potentially earn with the site, we see that there is no way the site can generate those returns and give them to you. They would literally go bankrupt if they were a legit operation. So these things are meant to fool you into believing that the site is profitable to work with. That is not the case. It is the other way round because Cryptofly collects money from users and does not pay out anything. In fact, this is either a ponzi scheme or an outright scam.

The supposed advantage of mining with Cryptofly

In an attempt to convince naive investors, the site operators go ahead to list down some alleged advantages of mining Crypto currencies using their service. These include high profits, good support and bonus hash power upon signing up. These things don’t confirm the legitimacy of Cryptofly. They don’t build our trust at all. Even if they promise good support, that does not mean that their business model is legit and that they will pay us the alleged profits.

By the way, Cryptofly claims that they are leasing data centers from big companies like Amazon. Amazon does not rent out data centers, and this is just a lazy attempt to sound persuasive. Cryptofly admits that they do not have their own data centers, which is a good thing. But they follow this with the lie that they are leasing data centers from big companies. You can’t believe this dumb lies.

Our best advice for you

If you want to be scammed, go ahead and give them your money. But if you have seen these red flags and are cautious enough, avoid Cryptofly like the plague. Use these legit Crypto currency cloud mining sites because they have built their reputation for a long time.