Cryptostake Review: Yet another Common Scam

Cryptostake Review: Yet another Common Scam

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We are reviewing The site claims that it is managed and operated by professional Cryptocurrency traders. However, these traders are unknown. Throughout the site, there is no hint of professional traders anywhere. The site is just making claims that cannot be substantiated at all. After looking at Crypto Stake and what it claims to offer, we are convinced that this site is shady and lacks legitimacy.

Also, we have looked at the alleged daily returns and discovered that those numbers are completely out of the norm. They don’t make sense. 9% daily is something which you should never expect to earn from trading. Even the best hedge funds in the world and not earning 5% a day. So clearly this is pure deception. The more we dig in, the more we discover filth.

The text on this site does not even add any value to the user who might be looking for information about the site. It does not imply credibility at all. In fact, the text is poorly written in broken English, which suggests that Crypto Stake is not owned by someone whose first language is English.

But surely, if they are making 9% a day, can’t they spare a small amount of money for hiring an English native who will fix things on their website and ultimately their image to the people they target?

Before we forget, Crypto Stake is also claiming that they are a registered corporation. No certificate has been provided. However, according to the phone number which is provided at the bottom of the page, we can determine that this website is based out of the UK.

So the question that people want to know is whether Crypto Stake is truly trading or accepting deposits with the intention of stealing them.

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Crypto Stake Review

The website is using a classic style of marketing which involves combining trading and mining and claiming that they are offering both to generate impressive daily ROIs. They also claim that their data centers are situated everywhere across the globe and are using highly advanced technology to generate Crypto currencies.

cryptostake biz

Anyone can claim that they own data centers around the world. With no evidence of mining and mining kit, it is very difficult to tell whether a site is legit.

The site is also offering affiliates a referral commission of 5% an 9% (for the representative) respectively. But how come that Crypto Stake has the elements of a ponzi scheme? You see, the site cannot prove that they are mining Bitcoin or any other Crypto currency. They cannot also prove that they are traders, which is something that is extremely uncomfortable especially if you think of someone blindly sending their funds to the anonymous admin and hoping that they will multiply their capital. The ultimate thing that will happen is that this investor will lose their money and they will get disappointed.

One thing you should realize is that the earning claims that this site is making are super ridiculous and are out of the norm. The reality is that there are currently zero traders out there who are generating up to 9% daily returns. The best traders generate 5% per month. So 9% is actually far-fetched, a promise that cannot be achieved whatsoever. Only ponzi scams will tell you that they are giving these returns because they know very well that the promises cannot be fulfilled.

Payment proof

For a ponzi scheme to justify its operations, it has to create a page and label it ”payment proof”. Now, you can imagine that this page only contains a table of usernames and random numbers which the admin claims are monies that were paid to these users.

The problem with this information is that it cannot be verified. Again, the owner of the site can modify what goes into that table so that he can only display whatever he wants people to see on the other end. So Crypto Stakes actually has no payment proof to consider. The page which they are providing on their site is a fabrication. A fabrication does not present any truth.

Customer testimonials

For a site to operate well in this niche, it has to be backed by credible user testimonials and not complaints of how they robbed investors. There is no customer feedback on the internet to support the message that Crypto Stake is preaching. Lack of customer feedback is a serious thing because it helps us identify the truth from people who have transacted with the site at one time in their lives.

Unfortunately, all we can find on the internet concerning Crypto Stakes are reviews from blogs that usually talk about the latest ponzi schemes. There are no user real user reviews on industry forums to back the claims made by Crypto Stake.

So we will just say that this is basically a ponzi scheme trying to masquarade as a hedge fund. The fact of the matter is that legit hedge funds have a reputation, and you can even find a lot of people talking about them on the internet. With Crypto Stakes, it seems to be residing in an island with no user reviews to support their claims.

Summary of what has been discovered

Crypto Stakes is basically a site with no upfront information about ownership. Although they have published an email and a phone number which can be used to reach their support, the site is still hiding a lot of things from internet users who are interested in their offer.

Also, since returns are really high and unreasonable, it is best to leave this site alone because we already have enough evidence that these guys are neither trading nor mining Cryptos.

Our best advice for you

As it currently stands, nothing is legit about Crypto Stake biz. The site is basically a simple ponzi scheme and the target is someone who has never lost money on the internet. If you want real investment in Bitcoin trading, try these robots.

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