Crypto-pool.club Reviews Crypto Pool, Another Scam Bitcoin Doubler

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Crypto-pool.club Reviews: Crypto Pool, Another Scam Bitcoin Doubler

Crypto Pool Review: Is CryptoPool a reliable investment? Read our review to see what experts have to say about Crypto Pool Bitcoin Doubler

Cryptopoolclub claims it can help you grow your money. Is Crypto-pool.club paying? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams.

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In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

Crypto Pool Doubler Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. .

This simply means, Ring Bitcoin is like every other HYIP. It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested.

Thus, the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. However, the system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Is Crypto-pool.club Legit?

Though they provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the USA are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

Crypto-pool.club is not a legitimate investment platform

How To Know Investments Scam Formats

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Crypto-pool.club Ltd Reviews

Crypto-Pool.club LTD is an online investment platform based on Forex and cryptocurrency trading that promises to pay 200% in 24hours, 20hours and 16hours to members of starter, premium and advanced plan. There is a referral commission of up to 50% per client referred to Crypto Pool. Crypto-Pool.club LTD claims to be located in London, United kingdom. Payment method is by bitcoin, litecoin, ethereum, perfect money and payeer.

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What is Crypto Pool (Crypto-Pool.club LTD)? Either is a Crypto Pool scam or legit?

Crypto Pool is a Ponzi scheme which is an illegal and unsustainable scheme, so Crypto-pool.club is a scam. For more details, please continue reading our Crypto-pool.club Ltd review below.

Meanwhile, alternative to this Crypto Pool Scam is the Cryptocurrency Bot.

Crypto-Pool.club Ltd Review – Honest Scam Research

  • Aforementioned, Crypto Pool is a Ponzi scheme which already makes it a scam. Ponzi scheme is neither a sustainable nor a legal business. Legal authorities have already issued lots of warnings to stay away from Ponzi schemes like Maxcoinprofit. It is a crime to involve in Ponzi schemes.
  • We can confirm that Crypto Pool is a Ponzi scheme because there is not any verifiable source of income coming into Crypto Pool ltd other than the money invested by its members. It claims to pay up to 200% profit in 24hours on the investment amount of starter plan members by investing in trading market but fails to provide the proof to support that claim. It is unable to show the proof of its so-called investment in cryptocurrency exchange and trading market. On top of that, none of the experts in the cryptocurrency field can guarantee exact 200% profit in a day. Online trading is very risky and there is no way anyone can guarantee for only profit and that is also such a high profit like 200%/daily. So, the business claim made by Crypto Pool itself proves it is lying about its business. So, Crypto Pool is a Ponzi scheme because it doesn’t have any real source of income and only routing the money between the members in order to pay the few members.
  • Classical Ponzi schemes like Crypto Pool attract people by showing them real payment proofs which they get by paying few members at starting. However, they pay a few members only to show the payment proofs so that they can lure more people into their scheme. When they realize they have collected enough fund, they will just stop paying and run away with the money of the majority of the members.
  • Typical of all ponzi scams, Crypto Pool offer a referral commission just like a pyramid scheme which is also an illegal business model. They never have any real products or services to sell and pay the referral commission up to multi-level downlines just for selling the investment plans or membership fees. Crypto Pool offer up to 5o% from your first level referrals, which makes it a Ponzi pyramid hybrid scheme.
  • It claims it is a registered company in UK. However, that is not a big deal. In the past, many Ponzi schemes had already scammed lots of people who were registered from the UK Companies House. Actually, that registration is not a license to run an investment company like Crypto Pool, instead, that is a registration for the tax purpose which anyone can register very easily. Most of the scam companies are found to be registering from the UK Companies House by providing virtual address and third-party identities. On top of that, there is not any proof which proves Crypto Pool is registered.
  • Crypto Pool hasn’t provided any information about who and from where is operating and running the Crypto-pool.club on its website and has also concealed those details in WHOIS which proves its owner doesn’t want to reveal his/her identity which is definitely not a good sign. None of the legit investment companies hide their owner details, only scam companies do.

Since now it is clear that Crypto Pool is a scam, so we have blacklisted the Crypto-pool.club website.

How to identify the Ponzi Scheme by yourself?

It’s very simple. Whenever you find out some companies which are offering the very high rate of return on your investment amount which is too good to be true, then you must know that is actually not true.

You can think generally. If some company can offer the huge rate of return such as 0.5% or more daily profit, 110% return or more within a month and so on then you must think why that company is asking you to invest in their project and paying you such a high rate of return instead of taking a loan from a bank in much lower rate to invest in their project.

Everyone can take a loan from a bank at the rate less than 1% monthly interest rate, if not a business loan, then at least can take a personal loan. So, why any company or person will like to pay more interest rate by collecting the investment from several people instead of paying very much less interest rate in the bank. So, the Ponzi Scheme always fails to pass this logic test. If you do this logic test, then you can spot out every Ponzi Schemes by yourself.

Conclusion

Whatever Ponzi schemes claim, they never have been doing any businesses to generate the real profit. They only pay few members at starting by routing the money between the members, means by paying one member by using the money of another member. Actually, their intention is to scam people but also they pay few members at starting so that they can show the payment proofs and lure more people into their scam. Innocent people always fall into their claims and payment proofs and only find out they have been scammed when these Ponzi schemes either stop paying or completely shut down. That’s why legal authorities have warned people not to join Ponzi Schemes and have marked all Ponzi Schemes as an illegal scheme. Involving with Ponzi Scheme is a crime.

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Beware of these 5 Bitcoin scams in 2020

Since Bitcoin’s 2009 inception, virtual currencies have taken off as people have become captivated by the possibilities offered by Blockchain technology.

Visionary developers and business professionals have since then, used its decentralised ledger technology to begin developing their own solutions. The development of Ethereum’s virtual currency is in part responsible for the boom in initial coin offerings (ICO) in 2020, which saw CryptoCurrency tokens sold to prospective investors looking for growth.

5 Bitcoin scams in 2020

Fake ICO scam

Not much different to an initial public offering, an ICO is when a company makes a token available for purchase to the general public. Generally, this doesn’t represent a share in the company and is without any guarantees. An ICO is a leap of faith by investors looking to make money by pure speculation, although some may be genuine, it has also led to many scams – which have seen thousands of investors lose their money. The money used to “invest” in these ICO’s usually comes in the form of Bitcoin or Ethereum.

One of the worst types of cryptocurrency scams involves a fake ICO (initial coin offering). Some fake ICO scams use basic investment fraud, promising to be successful companies there to help you make a profit but in reality the company doesn’t exist although the fraudsters will go to great lengths to appear a weighty organisation if you were to search online.

Fake mining pools

Other extensive claims involve companies assuring you they can make your money work for you but only if you are able to send some Bitcoin immediately, only for them to disappear with your money. While there are real mining pools you can be part of, remain aware that it isn’t as easy as sending coins and getting rich. Bitcoin Forking schemes

Another scam involves “making the process simple for you”, you might be told that all you need to do is download the wallet and transfer all your funds, only to find that all your money has disappeared. Another scam involves a forking scheme, where current owners are promised new tokens by simply adding their private keys online, this scam sees a high likelihood of you losing all your funds.

Fake exchanges

Not all exchanges are trustworthy. Scammers may set up fake online exchange services that imitate the activities of legitimate online cryptocurrency exchangers, claiming to support multi-currency conversion, and even displaying fictitious positive ratings and reviews. Victims then get defrauded when they are invited to transfer their money to digital wallets that scammers soon close after receiving the funds.

Recruitment schemes

One of the latest Bitcoin schemes includes offering a financial reward when you recruit new members and larger payouts for larger numbers of investors in the pool. Heading into 2020 bear in man that a common factor of scams is the request for a commitment of cash up front.

The biggest ICO scams in history

Pincoin is one of the more recent scams that disrupted the crypto space. Initially their ICO was successful, raising $660 million from investors. Pincoin then announced that a token called iFan would be developed. This token would be used to compensate the investors. But as soon as the token was issued, the Pincoin team disappeared. Afterwards it was found that none of the information about the team or the company was verified.

Labelled a clear ponzi scheme, OneCoin, is another massive scam to have surfaced in the market. Many believe the coin didn’t even exist. Several governments repeatedly warned people not to invest in OneCoin, but many still fell victim – in fact investors were scammed by $350 million. Earlier this year Indian authorities raided OneCoin arresting 18 people.

Also tainted with a ponzi scheme scandal, Bitconnect which has since discontinued operations saw users exchange Bitcoin for Bitconnect Coin (BCC) on the Bitconnect platform, after being promised astronomical returns on their investments. The company also ran a lending programme where users lent BCC out to other users to make interest depending on how much BCC they’d lent on the platform.

Plexcoin, another typical return on investment ponzi scheme, promised investors over 1300 percent return on investment per month before the US Securities and Exchange Commission (SEC) ordered the company to stop operations. Over $15 million had been raised during the Plexcoin ICO; fortunately all of the funds were frozen by the SEC’s Cyber Crime Unit, and founder Dominic Lacroix was jailed.

Endorsed by celebrities such as star boxer Floyd Mayweather and DJ Khaled, Centratech offered a supposed Visa and MasterCard debit card service that would allow users to convert cryptocurrencies to fiat. This ICO raised $32 million using fraudulent executive biographies, misleading marketing material and paid celebrities to endorse them on social media.

An example of a famous email scam saw an exchange Canadian Bitcoins, which managed Bitcoins for Canadian investors, get hacked via a fraudulent email pretending to be the CEO asking all security codes be sent to him. No one checked to see if really was the CEO sending the email.

Avoid becoming a victim

According to the Hawks, over $50 million was lost in the scheme called the BTC Global scam – with South Africans investing between R16,000 and R1.4 million each. To avoid becoming a victim to a Bitcoin Global scheme, thoroughly research it before investing your money. In the case of BTC Global, it was run by “master trader” Steven Twain. A search for Twain showed he did not exist, however.

The Consumer Protection Act describes any scheme that offers returns of 20% above the repo rate as a “multiplication scheme” – otherwise known as a Ponzi scheme. If you intend joining the CryptoCurrency community, you will need to be discerning towards new ICOs.

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