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Feeling inspired for whatever reason? Well, Inspirationcoins.io is one of those sites that will spoil this mood as soon as you realize that you’ve been fleeced. Inspiration Coins is nothing more than a bitter joke. You can expect a lot of disappointments here because they didn’t set up that website to please you with free money. It was designed to do the complete opposite. The real intention is something that is similar to that of Bitminer world, Miner Sale, and so on. They all fall in the same category.
That said, how popular is this site? Is it a risky venture to commit your Bitcoins to? How many people have possibly made or lost money in them?
Those are some of the questions we will be seeking to address in this Inspiration Coins review. If you were planning to sign up, abort those plans until you’re done with this review. Then you can make your own choice.
We are not surprised that Inspiration Coins is backed by a corporation registered in the UK under certificate number 10957427.
That is the supposed proof of legitimacy. In fact, when you ask Inspiration Coins to prove that they can be trusted, they will tell you that their website is backed by a company registered in the UK, and because of this, your money should be safe.
That’s foolish, don’t you think? You see, we’ve reviewed so many websites here — some are even backed by UK corporations. But they all turned out to be scams. Their owners never objected to our accusations because they are absolutely true.
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In the case of Inspiration Coins, we have a company that claims to help with the investment of client funds through specialized tools which they’ve created.
Inspiration Coins is allegedly offering its investor the advantage of placing funds under a trust management service while still giving the ability to make profits on an hourly basis. On top of that, principle deposits can be withdrawn any time you wish to.
The site claims that they do have several investors who have trusted their site and are working with them. But if you conduct further, you will realize that nothing of this sort exists.
It is better to make choices based on logic rather than assumption or what is being said.
According to Inspiration Coins, their business is able to generate higher interests than market average because they use state of the art technology to mine Bitcoins in volumes.
Inspiration Coins claims that they are expanding their boundaries across borders. In other words, they are scaling their business operations, and thus you really have nothing to worry about.
The reason why Inspiration Coins is allegedly so successful is because they work with standards of modern day technology.
As a result of purposeful teamwork, Inspiration Coins claims that they have been able to generate lucrative interest rates on behalf of their clients.
So, how much exactly are you supposed to earn from the so-called lucrative Bitcoin mining opportunity?
0.16% per hour is the estimate. If you like, you can say 3.84% per day interest. We feel that these figures are ridiculous indeed. We can’t believe that such a ”lucrative opportunity” exists yet people are still broke out there. How is this even possible?
Who are these people? Can’t we hear their voices on popular Bitcoin mining forums? A lot of questions are being asked to try and validate the authenticity of the Inspiration Coins website. Unfortunately, we are getting no response from the owners of this site.
InspirationCoins website have given us sufficient reasons not to believe anything they say. The first problem here is that their promised return on investment is too high and unbelievable. No legitimate Bitcoin mining has ever made that kind of money on a consistent basis.In fact, this is a sign that InspirationCoins is just doing the Ponzi kind of thing.
They collect member deposits and pay out ”profits” from a small fraction of the days’ collections. When they reach a point when payments can no longer be issued, they resort to outright thievery where deposits are accepted and payouts are restricted. This can continue for an unforeseen length of time or until the site closes down. In this case, it would take the intervention of authorities to achieve this mission.
Also, notice that the alleged UK company is only supporting Bitcoin as a form of payment while all other legitimate companies are supporting credit cards too.
The issue that Inspiration Coins is trying to avoid is that of charge backs. If you carry out a transaction using your credit card and something goes wrong in the process, this phony site will simply incur the cost of losing your deposit, thanks to charge backs.
Now, this kind of thing is unheard of in the Bitcoin world. Bitcoin transactions can never be reversed. Bitcoin transactions are anonymous, and that’s what scams like Inspiration Coins love very much.
Could it be the reason why their domain is privately registered on who.is? Well, you guessed it right. These guys don’t want to be exposed because it’s dangerous for their existence.
We’ve confirmed this time and again. Their anonymous nature makes it convenient for them to steal money from you in the name of operating as a UK company.
Before we forget, we’d like to mention that this registration is nearly acquired for free. Anyone can register such a company in the UK because the registrar of such companies is always not concerned with the activities of the entity seeking registration. It’s quite unfortunate that this is the case, and scammers are taking advantage of this fact.
InspirationCoins has a Facebook page which can be accessed here.
It’s surprising to see that this Facebook page only has 151 active followers. When we scrutinized that page, we discovered that it these fans were quite active. The engagement was okay.
Some of the alleged users wanted proof that InspirationCoins was legitimate. However, there was no proof to answer that question in the most appropriate of ways. Instead, the moderator kept beating around the bush while not offering any meaningful response to those who genuinely wanted reasons as to why they should trust InspirationCoins.
When you realize that a ”Bitcoin mining website” isn’t willing to disclose their details on who.is, chances are that they are out to scam users.
This website is such a huge risk. It bothers us very much when we imagine that some investor out there will come here complaining about their awful experience with the site.
We don’t wish this to happen for any of our readers here. We expect you to do your own due diligence before participating in any Bitcoin mining activity. We also expect you to follow our recommendations when looking for legitimate Bitcoin mining websites. That’s the only way to avoid unnecessary losses.
We’d like to issue a final warning on this matter. Inspiration Coins is a scam just like the aforementioned sites in the first paragraph of this review. We do not see any reason why a sane investor would want to waste his coins here. Avoid.
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I wish I had found this article a few months ago! I’m always looking for new ways to invest and was drawn in by their “professional” appearance. So many coins down the drain!