Local Bitcoin Miners Review: Localbitcoinminers.com Scam
Local Bitcoin Miners is a platform that has shady features. The company market itself as your clients' future investment caring partner.
It is vital that when you want to invest online, you do thorough research and try to find as much info as you can on a company before depositing your money.
Local Bitcoin Miners is an investment company that claims they offer various services to investors. The shady platform claims they trade in cryptocurrency, financial, and Forex trading.
The platform claims that all their returns are processed within 24 hours. They accept funds via Bitcoin, Payeer, Bitcoin Cash, MasterCard, Litecoin, Perfect Money, Ethereum, and Visa.
The company states that they offer the best returns in the market regardless of their deposit. They welcome all forms of traders to invest with them.
The financial experts of the fraudulent company are ready and willing to help. The team is allegedly made up of professionals who have adequate knowledge of the market.
The team performs risk analysis and calculate the profitable investment option in the market. Unfortunately, the company does not provide managerial performance to prove its employees are qualified enough.
Localbitcoinminers.com Review
Those who invest in this platform are assured that they will not experience any loss. The platform state that they use an exact business model that protects its clients.
Nonetheless, the platform has very insufficient data, and it is not clear how they attain their vast income. They have a section on their website that shows the recent withdrawal and the deposit.
The platform state that they stand out in the crowd due to their risk analysis skills; they're eager customer support works tirelessly to assist the investor.
The company has allegedly helped a lot of people attain their financial goals. However, there is no proof of payment.
Additionally, Localbitcoinminers.com states that they have a lot of experience trading in the capital, financial, and real estate markets for over a decade.
Currently, they have also ventured into the crypto market. The company attribute their exceptional performance to their ability to research and analyze the market
To start earning from this platform, you need to register into their site. The platform does not have trading software, and it is challenging to depend on their team to navigate the market.
There is no trading taking place on the platform; they only want to scam as many investors as they can. The online marketing venture is plagued with scammers. Nonetheless, there are legit crypto trading platforms that you can trust with your money.
Regulation and Customer Support
It is funny that Local Bitcoin Miners claims that they are a serious business just because they have a registration form.
The document cost as low as $5, and for an investment company to operate, they need to acquire licensing from the financial watchdogs like FCA, CySEC. For a company like Localbitcoinminers.com, they should have a license from ASIC since they claim they are based in Australia.
The location of their offices is at 74 Elizabeth Bay Rd, New South Wales, Australia. You can reach the support via email at support@localbitcoinminers.com or on the telephone; +61480049874.
The company is operating illegally and risks facing criminal charges. Additionally, Local Bitcoin Miners can change their term of service without notifying the investors.
Pyramid schemes usually have hidden charges as they want to milk you to the last coin. However, the fraudulent company claims they are an insured entity. Unfortunately, they do not disclose the institution they have insured the funds.
Local Bitcoin Miners Investment Plan and Profits
The platform has five business plans that they offer their victims. If you pay attention and observe the returns that they promise users, you will realize that the company is nothing but another Ponzi scheme in the market.
The first plan accepts funds from $20 to $100; investors will receive a return of 120% after one day. The second plan promises users a 140% profit after 2 days. The minimum amount that you can deposit is $100, and the maximum amount that they accept is $500.
The third package offers a return of 200%, which will take 2 days to mature. You can deposit money from $500-$1,000. The fourth plan accepts funds from $1,000 up to $3,000. The amount that you will gain is 250%, and you will receive it after 2 days.
The fifth and the last plan offer traders a return of $300, and it will mature in 3 days. The amount that you can deposit ranges from $3,000 to $5,000.
Local Bitcoin Miners create the notion that the more funds you deposit, the higher the returns that you will obtain. Woe unto those who will fall for their fantasy as they will lose a lot of money.
At first, the platform may pay up investors to create confidence with them, but when you cash in more funds, you will not hear from the fraudulent platform again.
If a deal seems too good to be true, you should walk away. The online venture is not a get-rich-quick opportunity. You need to have adequate knowledge to avoid falling in the trap of Local Bitcoin Miners and similar scammers.
The Referral Program
The platform has a referral program that they offer to their existing clients. If you manage to fish in a new member, Local Bitcoin Miners promise you a 5% commission.
Localbitcoinminers.com states that investors can receive up to $100 for just advertising the platform. It has not been certain that investors have received the bonus that the website promises.
There is no proof of payment. Hence this is nothing but another false claim to entice you into their organization.
The Domain Insight
The platform domain name is Localbitcoinminers.com. Â It was registered on January 2020 and will expire on January 2021. The platform has a global Alexa ranking of 2,823, 998.
Local Bitcoin Miners Final Verdict
Local Bitcoin Miners is a pyramid scheme that grants users diverse investment options. The business model that this platform uses is not transparent.
They promise users huge returns, which are unattainable at the set duration. You should only invest with trustworthy investment companies that will help you gain reasonable profits.
