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Trustaking Review: A Farcical Crypto Staking Platform

Trustaking Review: A Farcical Crypto Staking Platform

Promising high APY margins, Trustaking has many of its members wondering about withdrawals. Unfortunately, none of the members at trustaking.io know what’s going on after the vesting period ended. The platform first appeared as a legit crypto investment platform. However, after the vesting period ended, the platform decided to show its true colors. Here’s what we found out in our eye-catching TRUSTAKING REVIEW.

A Close Review of Trustaking

You won’t get to know who owns or runs Trustaking on the homepage. There’s no about us page on the website, which is a bit spooky. That should have been members’ first red flag when checking the platform.

Most investors lack an eye for detail and sign up without checking the facts. You have to check the details to decide whether the platform is worthy. If the platform fails to offer transparency, you need to stay away.

Trustaking Review: Pros and Cons

We must expose the store for failing to provide sufficient information regarding the owners. As an investor who deposits funds with them, you need to know who handles funds. In the event of recovery issues, you know who to hold responsible.

That’s not the case with trustaking.io, as investors are to believe everything sold on the platform. Unfortunately, we didn’t because there are several glaring mistakes or red flags. These are the reasons why we won’t recommend joining their staking venture.

No matter how small your investment, staking ought to generate profit margins for all. That’s not the case, as some members failed to get the memo. Most members didn’t receive a penny after the vesting period expired.

NOTE: When investing in the crypto markets, it’s best to use expert-backed options. These include options such as Coin Staking, DeFi, and Masternoding. You earn passive income as you wait and watch as profit grows.

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Before investing in any venture, why don’t you do some due diligence? Try and find out the feasibility of the project before making any commitments. That’s the only way to mitigate any unforeseen results.

Advantages and Drawbacks Trustaking

As indicated above, you must weigh the pros and cons to decide when to move forward. Make sure to go for platforms that guarantee results. When investing in trustaking.io, we found a lot of issues with the platform.

Investors should see these red flags and ward off any safety nightmares. Now, most members are ruing not checking out the platform. Any platform with red flags immediately gets called out by the crypto community.

Here’s a look at the pros and cons of trustaking.io

Available Staking Plans on Trustaking

There are five staking plans available on the Trustaking platform. These include staking coins such as Binance (BNB), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Tether (USDT.)

Binance Staking

There are three staking terms available with the Binance staking plan. These include 60, 120, and 240 days vesting period. The expected APY on each plan is 127.75, 182.5, and 237.25 percent. You get an hourly profit of 0.35, 0.5, and 0.65 percent.

Bitcoin Staking

You get three plans to choose from with the Bitcoin staking plan. Members choose a 30, 90, and 180-day plan. An estimated APY profit margin of 109.5, 182.5, and 255.5, respectively. 24-hour profit estimates on each plan are 0.3, 0.5, and 0.7 percent.

Accounts and Staking Options Trustaking

Ethereum Staking

There are also three staking plans with Ethereum. These include 60, 120, and 240 days. APY total estimates after the vesting period are 146, 237.25, and 292 percent. You also get a 24-hour profit guarantee of 0.4, 0.65, and 0.8 percent.

Solana Staking

Staking terms with the Solana plans include 90, 180, and 360 days. APY total estimates on each plan include 219, 273.75, and 328.5 percent. Hourly profit margins on each plan include 0.6, 0.75, and 0.9 percent.

Tether Staking

You must deposit a minimum of 200UST to 5,000,000 USDT to start staking. The vesting period includes 120, 240, and 360 days. Expected APY income is 127.75, 200.75, and 255.5 percent. Hourly profit estimates include 0.35, 0.55, and 0.7 percent.

Features of Staking plans on trustaking.io

We have to highlight the features of these plans. With each staking venture, the platform promises a deposit return after the end of the staking term. TonCoin (TON) and Tron (TRX) will soon list on the platform.

The problem with these staking margins is that it’s too low considering the market prices. So the platform takes more in terms of commissions from their staking venture. That’s close to what you would get from an exchange platform immediately.

Owner of the business

The platform fails to mention who owns or runs the platform. What we have are the names of the platform and the set address. The platform claims to hail in Sydney. Not many Australian crypto enthusiasts have heard about it; none.

And that makes staking with the platform a high-risk venture. Anonymity is not your friend when it comes to staking coins. You must know who is responsible for funds if things turn south.

That’s the case facing members as even hiring recovery agents won’t help. The platform stores all your crypto in anonymous wallets. No individual can get funds from such well-hidden places.

We don’t get any documents to prove TStaking PTY LTD exists. The disclaimer at the bottom of the homepage tries to mask it with a Google Map. However, after sending someone close there, no such office exists.

That proves that the platform could be an offshore-based operation. Members should stay away from the platform or avoid losing it all. Chances are, it’s another exit scam waiting to get it complete before shutting down.

Payment options Trustaking

Are funds safe with trustaking.io? NO

After the vesting period, members expect to get their share of income on the platform. But, unfortunately, that’s highly unlikely as the platform starts giving members excuses as to why it’s not happening.

You have to sign up with new vesting terms to get a chance to withdraw from the store. And that’s one of the many reasons to stay away from it. We have a store that doesn’t care about the welfare of its members.

Referral and affiliate programs

An affiliate and referral program is available to get as many people on the platform. In addition, a 10 percent commission is available for all affiliates who help sign up new members. That looks like a perfect way to earn passive income.

Before doing so, you need to know the consequences of directing investors to such platforms. None of those users you direct to the platform see a penny of their investment. The platform is only looking to take advantage of your connections.

Support and customer interaction

Trustaking doesn’t offer any live chat or avenue of contacting support. Instead, the platform lists a phone number on the contact page that rarely goes through. And that’s why we suspect the platform is a scam and uses a virtual phone number.

Avoid staking with TStaking PTY Ltd

A genuine staking platform will have 24/7 support ready and available for clients. That’s why we don’t recommend joining platforms that limit communication with clients.

Verdict on Trustaking

Please stay away from trustaking.io

PS: If you need to invest in cryptocurrency, use proven forms such as Coin Staking, DeFi, and Masternoding.

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