Mycloudbtc.com is a messy cloud mining pyramid scheme. They brag that they have over 20,000 active users, which is false information. The company state that they are a private firm that is located in areas with cheap electricity.
The platform assures traders they will earn reasonable profits if they invest with them. The firm was launched in February 2019, and the detail of the founder is hidden from the public. The company is allegedly being run by a team of block chain developers in the industry.
The data on their website is minimal and vague. It does not create trust, and this is the first sign we are dealing with nasty fraudsters. A company that is operating anonymous should not be the kind of investment firm you ran to deposit money.
Instead of My Cloud BTC to disclose the location of their data centers, they urge those who have a question regarding this to contact them using the email they have provided. Why can’t they publish the info? Unless they have something to hide, they fear if you realize they are not mining, you won’t trust them.
The company is offering free hash power worth 100GH/s to those who sign up. The generous offer is common in almost all cloud mining ventures. The platforms issue the free power to lure in more clients’.
Mycloudbtc.com is not a straight forward entity; they claim that you can start mining with as low as $15. However, on a different web page, they state the minimum amount that you can cash in to enjoy their services is $25.
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With this character of shadiness, it will be hard to trust anything they say. Such incompetence will make them have hidden charges that they will never disclose to investors. Additionally, the least amount that you can cash out is 0.00015 BTC that is a positive thing since that is a low threshold.
Apart from that, the platform also offers those who help them promote their services by referring others to a commission of 10%. The company may pay at first, but usually, they will exit when they make enough funds.
Many loopholes surround the company in question. Should you ask yourself also, is My Cloud BTC worth my money? Are they trustworthy, or are they another scam in the market? Can we find evidence they perform mining activities? Is there proof they are paying clients? If the answer to all these questions is no, then you should not even waste a second of your time on the platform.
The company has not been in the market for a long period, yet they indicate a high number of investors that have already joined their venture. With such a number, we should not struggle to find testimonials from those who have already tried their services.
Your money safety should be your priority. If My Cloud BTC cannot offer that find the best cloud mining companies in the industry that have a good reputation and are more transparent in their business.
The company is so focused on looking like a trustworthy legit firm. Unfortunately, we did notice some strange facts during our review. The FAQ page of My Cloud BTC is a duplicate of the Zero Mining platform.
The only explanation we can give is that either the companies are being run by the same person or the stole the content. It is not a good indicator, and it shows the laziness of the platform. They are only after money as they do not mind about their clients. As soon as you sign up, the happier they become.
They are only after making sales. However, they have a very low Alexa ranking, which raises questions where claim having over 20k users come from while they have a 19 million global ranking; this is minimal traffic.
The company has no evidence of being involved in mining activities. There promotional content they have put up on their company indicates they have no intention of making anyone profits. The fact that they ask the client to send them an email in case they want to find out their mining base should not be taken lightly.
The info should be readily available on their website without a struggle. It is not logical that it can hide such critical data from investors. It is a major determinant of their alleged cloud mining activities. Something is cooking in My Cloud BTC, and people will lose money.
The company is playing safe when it comes to the information regarding who owns the fraudulent firm. My Cloud BTC is being run anonymously. It is a major drawback as multiple investment companies avail data of their office address, phone number, and the founder.
The platform only boasts it is built by expert personnel in the block chain technology. However, we did not find any of their portfolios showcasing their accomplishment and qualification. Hence, they are spreading propaganda to aid their marketing process.
Detail of their own is missing, and it a huge red flag. The company accepts investors from all over the world except the USA, Canada, Iran, UK, and North Korea. The platform is not an investment platform but rather a Ponzi scheme.
My Cloud BTC is operating illegally. As we had earlier mentioned, the company does not accept citizens from countries that have put up a rigorous measure to ensure the citizens do not lose their money to pyramid schemes.
The company should avail of a document that permits them to carry out their business—investing with such a company that does not avail their office address or legal matters; it raises a more red flag. Additionally, the company customer support can only be contacted via email; [email protected]
We all know how emails work, and this being a Ponzi scheme, they will never respond. Unless they want more money for their victims to ensure, you stay away from this suspicious firm.
My Cloud BTC is not a safe investment company; they compromise the data that you share. In their website, they do not have SSL or DDOs encryption certificates meaning hackers can attack them whenever they please.
The company is not restricted by the law. Hence they may commit crimes, change their term of services, and even exit the market without being traced. Moreover, there are complaints regarding their services.
My Cloud BTC only pays at the initial stage of the investment that is 2-3 weeks. After they gain your trust and you deposit a considerable amount of money, they blacklist you from their system. There are complaints on the internet showing the platform is a Ponzi scheme.
The founder does not segregate their bank account; hence you will be enriching them while you run broke. Once their system collapse, you won’t be able to recover your money. There are no shortcuts in the investment space. You need to acquire adequate knowledge as well as have patience.
My Cloud BTC is a Ponzi scheme that you should not trust with your money. Please stay on the lookout to avoid dealing with them. They do not have a mining reputation, and they use false information to steal from innocent investors.
There are more reliable cloud mining platforms that you can trust. and also give you better reasonable returns. Unfortunately, this firm is not one of those entities. Your money is not secure.
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