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LTCMiner Review: Ltcminer.com an Old Scam

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LTCMiner Review: Ltcminer.com an Old Scam

LTCMiner is another Ponzi scheme in the industry that you should be cautious of. The company has been in the market for a long time but do not create confidence with the crypto community,

The journey of earning vast returns seems too easy. The way the fraudulent platform has put it, you only need to register, then start yielding numerous LTC.

The company allegedly has a goal to keep the mining expenses low, and their mining power high. They offer you a deal of making more returns with a short duration.

The platform promise users that they can generate a daily return of 0.0006 LTC. If you upgrade your Litecoin Miner, you will receive 15 LTC per day.

Ltcminer.com Review

Ltcminer.com is allegedly a cloud mining platform. You have to enter your LTC address then start mining.

The company claims it is the leading LTC mining pool in the industry. Their mining power is stored by physical miners.

LTC Miner is a pyramid scheme that you should keep off at all costs. In their website, they state that they are utilizing the latest algorithms in the industry that help them mine as many Litecoin as they can.

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Unfortunately, the platform does not have a tangible financial narrative to prove they are offering any mining services.

The company has a section that shows their recent payout in their system. The information is to create transparency and entice investors to deposit their funds in the shady platform.

LTC Miner alleged CEO is Giacomo Bugini. There is no information regarding who he is apart from displaying his name.

LTCMiner Review, Ltcminer.com Platform

We also do not know the financial qualification he possesses to handle investors’ money. You cannot trust an anonymous CEO with your payment.

Refrain from venturing with companies that offer you ridiculous deals in the market. The site state that you can make money quickly without necessarily doing any tough task.

Such remarks are often made by a pyramid scheme to lure you into their fraudulent activities. LTC Miner claims that they have data centers around the world.

Unfortunately, they do not disclose those locations. No transparency comes from this shady website. Stay away from them because they have no intention of making you rich.

Regulation and Customer Support

The suspicious platform claims to be a registered entity under company number 009951039. Their office address is 20-22 E Wenlock Road, England, London, N1 7GU.

However, LTCMiner is operating illegally. For any investment company to work in the UK they need to have a license from FCA.

Sadly, the platform is not in the financial watchdog cluster. This should tell you the type of entity they are; LTC Miners can exit the market at any time of their will without the law tracing them.

They might change their terms without notifying investors. You might also encounter some hidden charges.

We couldn’t verify this is the actual location of the shady platform, but given the nature of the pyramid scheme, it highly likely this is not their real location.

Ltcminer.com customer support can only be reached via email; [email protected]. They do not offer support services via telephone.

The anonymity level the company is observing raises red flags. Without any personal info, the mastermind of this fraudulent platform will continue scamming investors, and the authority cannot arrest them.

You should avoid investment companies that are not regulated, and that the team and founders are operating behind the scenes. The safety of your money should be your major concern.

LTCMiner Investment Plan

For you to earn mote LTC, you need to upgrade your investment plan. LTCMiner has four investment plans.

The first package offers 10 times returns to their clients. You can mine up to 0.0014 LTC in a minute, and 0.2 LTC per day.

The second plan is version 1.2; it offers 50 times returns. The pyramid scheme promise users 0.007 LTC per minute, and a total of 1 LTC per day.

The third plan has an absurd reward of 200 times, 0.002 LTC per minute, and 2.5 LTC per day. If you are keen enough, you will realize the amount is ridiculous.

LTCMiner Review, LTCMiner Platform

The final plan is version 1,4. It offers to earn 1000 times, and they promise investors returns of 0.15 LTC per minute and 15 LTC per day.

Litecoin Miners grant users 20% commission for their first referral, 30% for their 2nd plan, 40%, 50%, and 100% for their 3rd to 5th plan, respectively.

Mining venture used to be a profitable niche, but given the increasing number of investors in the industry, it is difficult to attain the amount that LTC Miner has displayed.

The shady firm states that they handle withdrawal processes instantly. They rarely have delays. The least amount of funds that you can withdraw is 0.01LTC, and the minimum upgrade that they require is 1 LTC.

There are numerous legit mining platforms in the market that you can utilize. LTC Miner is not a company that you can trust with your money. In this review, we expose their murkiness.

Referral Program

Ltcminer.com has an affiliate that they offer to their clients. You can invite your friend, colleague, or relative in return you will earn a bonus.

You will get a 20% commission when your referral upgrades their plan. Investors can as well increase their affiliate up to 100% by upgrading LTCMiner.

The only people that benefit from these Ponzi schemes it’s their shady marketers. Pyramid scheme uses the money of their new investors to pay off their pioneer clients.

Ltcminer.com Scam Review, Ltcminer.com Affiliate

Once no more funds are coming in their site, they will close down their business with your money in it.

You might encounter videos, adverts, or content that entice you to join the platform and make easy money.

These are false claims that will never come pass. The high commission is something that you never attain.

Funds Safety in LTCMiner

Investors’ money is not safe in this company. It is a pyramid scheme that should be avoided at all costs. The company owner’s information is hidden from the public.

As an investor, you need to know the people you are trusting your hard-earned money. Investment platforms should avail adequate data entailing the benefits that you will have once you believe them.

Unfortunately, Ltcminer.com only cares about the deposit you make into their account. There is nothing legit about their operation. They offer ridiculous profits, but they do no care to provide evidence of payment.

If at all, they were paying the amount, then everyone would be on their website. The traffic they are getting is not that much. The company additionally is unregulated, and we all know the shortcoming of venturing in such an entity.

You need a convenient method than email to communicate with your investment platform whenever the need arises, something LTCMiner does not provide.

The Domain Insight

We were able to gather useful insight regarding this platform. According to Whois.com, the company was registered in August 2015, and it will expire in the same month the year 2020.

The official domain name is Ltcminer.com. They have an Alexa Global ranking of 2,815,914; it is currently unknown where they target their audience from.

Ltcminer.com Final Verdict

The owner of this platform is operating anonymously; there is no factual information on the business model that they use.

The company is not regulated, and your money will not be secure in their system. You can only contact the support via email. You should only invest in trustworthy mining firms in the industry.

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