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Freeminingbitcoin Review: A Cloud Mining Scam

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Freeminingbitcoin Review: A Cloud Mining Scam

Freeminingbitcoin promises to make users mine their own coins via the platform. They claim to offer investment opportunities of a lifetime. Judging by their profit margin claims, Free Mining Bitcoin is an outright scam. Our investigation will produce concrete evidence showing the deception taking place. All crypto investors should avoid Freeminingbitcoin.com as it’s a pure scam. Those who already invested in the platform are ruing the decision to deposit funds. Learn the whole truth in this detailed FREEMININGBITCOIN Review.

Freeminingbitcoin Review

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About Freeminingbitcoin

There’s nothing to go on in regards to the platform’s history or objectives. The platform has no about us page. We find it hard to navigate through the website as it’s devoid of any meaningful information.

All they do is claim to offer the best mining services with no proof of anyone benefiting. This is the reason we highly doubt their online reputation or status. We don’t recommend using it as it’s a proven scam.

The homepage has a varying color scheme which throws of investors. You don’t want to have a website that looks nothing like a mining platform. There’s no information on the type of miners they use.

We don’t know whether they use ASIC or GPU miners for their activities. All we know is that they claim to make users profit. As a miner or investor, you would want to know who handles your funds. The platform does nothing to show credibility.

Account opening procedure

Opening an account with them is free of charge. We were expecting the platform to charge users for this chance of a lifetime. It makes sense to charge users so that they can limit investors. A platform with thousands of investors won’t meet their profit margin claims.

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The reason they offer these profit margins is to entice all classes of investors. All you need are funds to act as a premium for investment.

One huge issue users will encounter withdrawing funds. The platform will require some documents for verification. This is where we draw the line as they ask for bank statements and credit card details.

During the withdrawal process, the last document they claim to need is a copy of your ID. We don’t see the reason why they would ask for these documents. A legit platform will send email links or SMS codes for verification.

A cyber expert analyst claims the platform is harvesting banking data from members. This is why you might find charges on your credit card. The people behind this have your information, and they can use it to create another persona.

Be extra careful with whom you share your personal information. Not everyone in the crypto industry is who they appear to be. Freeminingbitcoin is one classic example of a false mining investment website.

Affiliate programs

With each plan, there’s an affiliate commission to earn. This must be the biggest affiliate program ever to grace the scenes. Members earn 30 percent of the total deposit made by the referred member.

Free mining bitcoin Affiliate Commissions

This is one of the highest commission fees. We asked around, and it seems affiliate members have already blacklisted the platform. Most claim the platform does not pay these commissions.

There’s also another side of things that you don’t get to see. Victims will point the blame at affiliate members for directing them to a scam.

During an investigation, affiliate members are regarded as accomplices to online fraud. There’s no need to tarnish your reputation by directing naïve investors into a scam.

We advise you to stay away from this platform or any of their referral programs.

Business owner

Although the platform has a Brooklyn address, we believe this is a dummy contact. The people behind this don’t mention their names. They are hiding their true identity for a reason. No one wants to have their faces plastered on the evening news.

All we have is a website claiming to be a profitable crypto mining investment platform. In our eyes, this is an anonymous website trying to defraud unsuspecting investors.

Comments from users

Jackson Neil is one victim of the platform who sent a touching email. The experience he went through in the hands of this platform is overwhelming. We have reason to believe the people are targeting wealthy investors. Jackson claimed to be a crypto enthusiast and wanted to invest in crypto mining.

When he received an affiliate link, he wasted no time in depositing funds. It’s been three months now, and he has lost all hope of withdrawing funds.

What Jackson is going through is happening to nearly all investors. You deposit funds and start seeing a rise in your balance. When withdrawal time comes, this is when all hell breaks loose. We have every reason to believe we are dealing with a professional scam outfit.

They will delete your login credentials if you persist in sending emails. Members eventually find out their accounts don’t exist in a matter of weeks.

Domain (Freeminingbitcoin.com) review

When publishing this post, the domain has been running for 507 days. The exact date the platform went live was on December 16, 2019. For nearly two years, no one has come out with evidence of withdrawing funds.

There’s no video from any user with any proof of profiting with the platform. The IP history also shows several changes, which lead us to believe this is a short-term website.

Freeminingbitcoin License and Registration

Freeminingbitcoin is not a licensed platform and does not have any credentials. You will notice there’s no terms and conditions page. This means once you agree to their hidden terms, you are in for a rude surprise.

The platform does not have any association with industry regulators. Even the Company register in the United States doesn’t have any entity registered with the above name.

Without valid license credentials, this means the platform is acting way out of its purview. Naïve investors are depositing funds to a platform that doesn’t follow the rules. You are at the mercy of these anonymous website owners.

There’s no telling what they do with your funds or verification documents. Free Mining Bitcoin is one of the biggest crypto mining scams we have in the world. It would be best if you avoided it at all costs.

Mining Bitcoin Earning Rates

Freeminingbitcoin Account and packages

Free mining bitcoin offers four plans to anyone interested. The profit is in Bitcoin form, and they claim to offer daily guaranteed profits.

We have been in the industry for a long time, and we know for sure there’s nothing like a profit guarantee. The market is volatile, and market prices rise or drop without warning.

Safety of funds with Freeminingbitcoin

Judging by the way members are treated, the safety of funds is out of the question. The website also lacks proper security software to protect users.

With no security software, the website is prone to DDoS attacks and malware.

Scam or Legit Freeminingbitcoin

Freeminingbitcoin is a scam waiting to pounce on investors. We hope everyone will leave it and look for better ways to invest.

Bottom line

Freeminingbitcoin.com depository options

We have to add Freeminingbitcoin.com to our scam blacklist.

Choosing a credible crypto investment platform is what every investor needs. Go for proven and transparent crypto investment options tested by experts. These platforms offer unique ways of profiting from various crypto investments. These include Coin staking, DeFi, and Masternoding. Make the bold decision by having a reliable platform with an outstanding online presence. It’s how experts profit from crypto investment.

We wish you all the best in your crypto investment journey.

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