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QarlyCoin Review: QarlyCoin.com a Disturbing Scam

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QarlyCoin Review: QarlyCoin.com a Disturbing Scam

QarlyCoin is a company operating as a crypto exchange. An exchange allows investors to buy or sell digital currency. They are reputable platforms like Binance and Coinbase. These organizations are leading in the market. They also have top-notch security measures. Investors who engage with them enjoy peace of mind because the ventures have survived the market’s volatility.

QarlyCoin Review, QarlyCoin Company

The worst mistake you can make is to entrust your fund to a scam exchange. All your savings and cryptos would be lost. The venture is new in the market. They are also not listed on popular crypto platforms like coinmarketcap.

Avoid newly established companies. The reason being the majority of them end up abandoning customers. Ensure you also perform a thorough analysis of a firm. QarlyCoin is partaking in margin and spot trading. They also claim to have advanced funding methods. We are yet to see their performance record. Therefore, we cannot verify whether the investment occurs behind closed doors.

He has some genuine cryptocurrency companies. These companies have won awards for being the best in the market. Customer support is also responsive. Any emerging issues will be resolved professionally. The entities also process the withdrawal request on time. Dealing with them grants you comfort.

QarlyCoin.com Review

QarlyCoin assures customers access to an advanced trading interface. Users can manage their orders with ease. The company advertises leverage of up to 100 times. You will also be able to trade Bitcoin and other altcoins.

The venture is also accepting all forms of investors. Whether you are a beginner, intermediate, or expert trader does not matter. You are free to join them. However, you will never find professional investors wasting their time with the losing company. The ones with inadequate trading skills easily fall victim.

QarlyCoin states it utilizes multi-party computation technology and a cold wallet to protect funds safely. To them, security comes first. Hence, they use the latest technology. Sadly, there’s no evidence to support these claims. Ponzi schemes will convince you only to end up defrauding you.

Investment is all about statistics. Something which the entity lacks. The website does not look like a crypto exchange. You will quickly lose everything by choosing the wrong platform. Do not waste your time and money with a proven scam while there are multiple transparent ventures.

QarlyCoin Trading Conditions 

QarlyCoin offers leverage of 1:100 on cryptocurrencies. The limit is hazardous as the regulatory bodies only permit a 1:5 cap on digital currencies. They use a web trader interphase. This is a basic platform. With a keen look at it, you realize there is no actual trading. A button to place an order is missing.

QarlyCoin.com Review, QarlyCoin.com Venture

When trading cryptocurrency, ensure you use a reputable exchange—other trading conditions are missing from the website. Cryptocurrency trading is a volatile activity. Therefore, ensure you have relevant skills and knowledge before starting a venture.

Opening an account at QarlyCoin is straightforward. Within seconds you will be able to trade. Only desperate platforms will allow you to access their user’s area swiftly. Later, they will ask for critical personal data when you attempt a withdrawal.

Withdrawal and Deposit 

The company fails to disclose the payment method available. Considering they are dealing with cryptocurrency, we recommend they use the same option to cash in. We are also not aware of the minimum amount which you can deposit.

Avoid platforms which are discrete in matters of deposit and withdrawal. The reason we invest is to earn profit. If they cannot be clear on what to expect, they are not worth your time.

QarlyCoin states the withdrawal request takes 72 hours to be processed. Cryptocurrency withdrawals are instantaneous. That is the most advantageous feature of digital coins, unlike traditional payment, which would take days to get your funds. Other exchanges will only take a few seconds or minutes to disperse the withdrawal.

The suspicious company also claims to have 107 crypto wallets. Each one of them accepts a different minimum deposit. We have never seen anything like this before. Do not be surprised after finding out the scheme does not partner with either of the wallets.

Rest assured that you will never recover when you deposit cash in the Ponzi scheme. The company will also not survive in the industry for more than a year. The moment they realize nobody is buying their narrative, they will shut down the alteration.

Contact Details and Customer Support 

The company claims to originate from the USA. However, it fails to provide an office address. There are no contact details on the website. The venture expects customers to entrust their funds with them. Yet it does not see the need to be transparent.

The authority mandates all companies collecting funds from public members to reveal their identity. There is no evidence the firm is working with professionals. Despite their claim of responding to customers swiftly, there is no means of reaching support.

QarlyCoin can use random phone numbers to reach potential customers. Ponzi schemes will use fascinating adverts to trap more victims. Their sales reps also cold call you. They are convincing and will try to sway you into venturing with them.

The moment you deposit the cash, they will keep asking for more. Once you start questioning the operation, they will cut you off. The fraudsters can use either blacklist you or deactivate their phone number. Sadly, the authorities cannot help. This is because the individuals operate behind the shadows.

QarlyCoin Regulatory Status

The QarlyCoin States operate as per the law of the United States. Their website is built in a basic manner, which gives us the vibe they cannot afford the capital requirement of the US financial body. Both the National Futures Association (NFA) and the Commodity Futures Trading Commission(CFTC) are responsible for licensing investment companies.

A broker must have a capital of 20 million dollars to operate in the jurisdiction. A country is considered to have stringent rules in the world. Another requirement is for entities to work with reputable financial institutions. It helps to segregate the account of investors from the company’s account.

QarlyCoin does not comply with either of the rules. Therefore, they can do whatever they want without being questioned. If the authority catches the individual behind the website, they would be locked up.

QarlyCoin Fund Safety 

The first thing to consider is how safe your money is with a particular company. A broker operating anonymously will only waste your time. You have every right to know the qualifications of people dealing with your cash.

QarlyCoin does not have customer reviews. Therefore we do not know the experience of those who have engaged with them. An SSL certificate will not protect your data from scammers. The domain name is also new. The venture lacks a performance record. 

Final Verdict 

QarlyCoin is another crypto exchange scam. They use false information to get more customers. You will not be able to trade on this website. The entity is not regulated. Additionally, we are not aware of the qualification of the team. The withdrawal information is also limited. We suspect you will not be able to cash out once you do business with a Ponzi scheme.

Here is a list of some of the genuine crypto companies. These ventures are transparent and reliable. You will be able to earn passive income without worrying about your safety.

 

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