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Iwex.cc is a fake mining operation from a Hyip fraudster. It is quite evident on the site. You do not have to scratch your head harder in order to see just how pathetic and desperate this ponzi scheme is when it comes to snatching your coins. Iwex must have followed the example of numerous other ponzi hyip scripts out there as they are offering nothing in return for your Bitcoins. When they see this review, they will most likely want to do anything in order to shoot it down. That will prove once more that Iwex is a phony project not worth participating in.
Therefore, in this review, we will be exposing the frauds behind this project. We will also be giving you real Crypto cloud mining solutions that don’t lose money but focuses on creating stable investment growth for the customer. Until then, we will focus on the scamming elements of this site, Iwex.
Iwex is a weird name and does not inspire confidence at all. Even the site itself is not persuasive enough since everything about it smells of a ponzi scam. Iwex deals in a number of Cryptocurrencies as opposed to just Bitcoin. This site claims that they can generate between 1-7% daily returns. That means that even on a bad month, Iwex will allegedly generate 30% returns for you, which is still a lot considering that mining of altcoins today is quite tricky and profits are modest.
What we have to realize is that these profits are still on the high and impossible side. You cannot earn 1% per day with mining because it is not possible. Unless you have some sort of magic, this is something that you will only see in scam websites like Iwex. They are the reason why this industry is quite controversial.
In addition to that, this scam is attracting potential victims by telling them that they will receive a bonus of 200 GH/s when they sign up. That bonus is quite big. Assuming 1000 people sign up, that would translate to 200,000 GH/s of free hashing power. Who accounts for this free mining power? We do not want to believe that Iwex has the potential to give away free hashing power since even the most legit Cryptocurrency mining companies out there are feeling that mining resources are tight. Mining difficulty keeps increasing by the day. Giving away free hashing power would clearly not be possible in any circumstances.
However, it seems like Iwex still has a lot which they want to ”give” out for free. Apart from the 5% 2% referral program, they also claim that they will give you 5 GH/s for every partner that is registered under your referral link.
That must be too good to be true. Looking at it from the perspective of the economics of this company, you realize that it can be quite expensive to offer free giveaways in the cloud mining industry. That is why you will never find a genuine Cryptocurrency mining company giving away their hashing power for free. This is something that you can only see in scam websites like Iwex.
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We have also gone through their FAQ and discovered that this section can be considered a dead giveaway of who they truly are.
Customers can allegedly take home between 30% and 220% per month from this company. We have already seen that this is not possible.
Again, we see that Iwex is encouraging customers to deposit countless times. They are only encouraging deposits in Cryptocurrencies and not in USD or any of the popular currencies we know of today.
We find this rather weird because Iwex isn’t popular. It was just set up the other day yet they are telling internet users to send them altcoins in the name of generating online investments for them.
The other thing with Iwex is that they are willing to collect any amount that you will throw their way. The ponzi scam is even willing to collect $1. They have nothing to lose. But you do really have something to lose in the event that you test their service with $1. However, we are sure that this is a bait. Perhaps you’d receive a profit for sending $1. Because it’s a bait, you’d be tempted to deposit more money so you can become ”rich” quickly. The scam will have caught you by the balls. They are cleverly operating this project and also psychologically manipulating internet users so they can send even more money.
These guys are not popular at all. They never took the initiative to register their company like their counterparts in the UK do. We understand that the primary language of the scam website is Russia, which could suggest that the anonymous owner is Russian.
Isn’t there any regulations regarding the use and investment of Cryptocurrencies in Russia? No there isn’t. But in the UK, we see ponzi schemes at least making some efforts to register their companies. This one isn’t registered and is 100% anonymous.
What we mean is that your coins will be in an unsafe hands because these people can’t be traced at all. Iwex just feels like a strange place to be in or to spend time in.
The only thing we can think of is that Iwex is run by a scammer who will take your coin and keep it. No mining is going on here. And if they were mining, they would be so professional. We would be getting hints everywhere suggesting that they own mining farms. But this is not happening so far. It’s like they are sending a strong message to us telling us that they are a Hyip scam.
People who are unfamiliar with these scams will fall for it. But for the clever investor who understands the tricks, Iwex will fail to convince. It is such a cheap operation. You can see it with your own eyes. No one in their right mind can ever believe that mining of altcoins is going on here.
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Well I sincerely liked studying it. This tip offered by you is very helpful for good planning.
DO NOT TRUST IWEX!!!!
The most stupid thing I did so far in 2018 was investing in iWex 2 weeks ago.
The system claims pay you daily profit from 1-8% depending on the amount of your investment which is true.
But the scam part is that, YOU CANNOT WITHDRAW THE FREAKING MONEY!!!
I withdraw my ETH daily and even after 48 hours (which is the latest time for withdrawal to be completed, according to the website), I got nothing!
After contacting for support many times, I received no feedback until I used facebook chat, they finally replied.
They said I should use my phone to withdraw my ETH instead of using a laptop, which doesn’t make any sense, and if so, they should have mentioned it clearly on the website but NO.
Now that I want my withdrawal money, the admin asked me to transfer him extra USD50 as a commission fee to release my withdrawal which, again, does not allign with what they say on their website to not charge commission fee.
I did not trust them to transfer extra USD50 after having spent more than USD3,000 with my investment.
Up until now the admin insisted to not give me the daily money back unless I transfer him USD50. . . for something which is not even my false.
iWex does not take responsibility of their mistakes, or even worse, they didn’t plan to pay you the money in the first place!
Expensive lesson for me today.
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KIND ADVICE TO YOU ALL OUT THERE, DO NOT TRUST IWEX
Anyone interesting in full conversion I had with the admin, please kindly contact me.
I’m willing to help anyone to avoid being fooled by such scam.
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