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DrCrypto is a dubious scam whose operations have nothing to do with Cryptocurrency mining or trading. This company, also known as Dr.Crypto is claiming that they have been mining, trading and also conducting digital asset management activities for their clients. However, their track record does not show that Dr.Crypto is even qualified to mine or trade Cryptos on behalf of investors. In fact, they have been online for a couple of days now. These folks have not built any reputation yet.
Nevertheless, Dr.Crypto has chose to ignore the facts and instead work with allegations. They claim to have two investment plans with the most profitable plan yielding a net monthly return of 237.6%.
One thing you need to understand is that these figures mean that Dr.Crypto is neither mining nor trading Cryptos. This is definitely not one of the two. Any legitimate business out there cannot generate more than double your investments in a duration of 30 days. That is why we are convinced that Dr.Crypto is not doing any legitimate business with their members funds. So how exactly are they spending funds?
To answer that question, we’ll look at many aspects of this pyramid scheme like money-making opportunities. You will be surprised that Dr.Crypto is just another ponzi scheme hoping to capitalize on your money.
Dr.Crypto is basically making the assertion that they mine and trade Cryptocurrencies, and that their company was incorporated in December 2017.
However, we have full proof that these details were fabricated to try building credibility even when it is not there.
The company in question does not exist. At the very least, there is no evidence that a company by the name DrCrypto Ltd exists. In fact, if it did, they would have presented their registration number for purposes of verification.
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However, close inspection reveals that DrCrypto is a property of a UK corporation which is known as “DARAT CRYPTO LTD”. The registration number for this company is #11106247 with company address listed as 20-22 Wenlock Road, London, England, N1 7GU.
The website does not present us with any other means of contacting them other than through email address. There is no phone number or live chat.
Their preferred means of communicating with customers is often loved by scammers. Crooks will hide behind emails because they don’t want a too direct and confrontational means of communication such as phone calls.
The other thing that we noticed is that DrCrypto is using a virtual business address, meaning that this address does not represent any real physical place in the UK. Probably this address was rented for purposes of making this platform look credible. The truth is that they are not credible or legit.
Even if this platform is under the said company, that does not disqualify the fact that DrCrypto is a Cryptocurrency ponzi scheme.
It does not guarantee the safety of your funds since registering a company in the UK is dirt cheap and does not require any scrutiny of the information you are presenting to the registrar for purposes of setting up a company. For that reason, many crooks have ventured into online ponzi scheme business while registering their respective companies to reflect a different type of business activity.
If anything, DrCrypto has the full mark of an investment scam or a ponzi scheme. The aforementioned monthly ROI tells it all. No legitimate business can generate that much for its clients.
In fact, one would wonder why these folks are hustling random visitors on the internet and promising them quick profits. If you are good at trading Crypos, that’s something you should use to your own advantage. No sane investor will share his secret with others for free.
You must understand that only ponzi schemes can promise abnormal return on investments. That money can never be earned by their clients. But of course they will make sure that the owner is always taking the lion’s share. They might pay out profits for some time before this will collapse and result in the admin running away with peoples’ funds.
Of course ponzi schemes are not a reliable way of doing business. This type of business isn’t recognized anywhere since it is mathematically doomed to fail. That explains why ponzi schemes are a favorite for scammers who want to make quick money.
You might think that DrCrypto is transparent when they claim that they own ASIC miners in various locations around the world.
In fact, their website has presented a graphic overview of the alleged locations where their mining farms are situated.
Basically, these are not real pictures but just a graphical presentation of the alleged locations of their mining facilities. They cannot be used as proof that DrCrypto is mining Cryptocurrencies.
Also, if you look at the ROI calculator on their homepage and even key in a few numbers, you will see that this is a typical ponzi scheme. Genuine Cryptocurrency mining companies don’t include such calculators on their site because profits widely vary when it comes to mining.
Putting such a calculator on their site would end up misleading their clients, something which a legitimate Cryptocurrency mining company will never want.
Besides this, DrCrypto has claimed that their company is made up of a team of experienced Cryptocurrency traders and analysts. They even call them professional Cryptocurrency traders.
Unfortunately, they have not been mentioned by name. Their pictures have not been presented for further scrutiny. This was just mentioned in their About us page, and so there is no way we can verify the accuracy of this information.
The same applies to the anonymous owner of this website. The admin is clearly not willing to reveal any of his names or identity. That is why the domain was privately registered to make it harder for the average Joe to know him.
Remember that these are tell tale signs that must not be ignored. Those who have ignored these signs have ended up losing money since no legitimate business will ever conceal the identity of the owner and still ask for payment in Cryptocurrencies. That is why we are asserting that DrCrypto is a ponzi scheme and a scam as well. You can take this to the bank.
We will all agree that the company under which DrCrypto is operating from is not registered with the FCA. Yes, they are based out of the UK. The problem is that they are operating like a broker and investment advisory without a license. That means the operations of this website are illegal.
Does this mean that DrCrypto is not aware of this mistake? We don’t think so. In fact, we think this is intentional. After all, they are here to scam as many people as possible. A scam doesn’t need to follow the proper channels because its mission is not to conduct a genuine business.
Even if DrCrypto was providing legit Cryptocurrency mining opportunities and was not registered in any way, they would still be conducting an illegal activity. Remember that you will be paying in Cryptocurrencies. If you send this money, you will lose it all. Resist the temptation or else lose your money.
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