Coin Drive Review: Scam or legit? coindrive.ltd claims it could double your money in just 24 hours. How true is this? 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. In this review of Coin Drive Doubler, we provide you information based on our investigations and user experiences to help guide you make the proper decision.
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WHAT IS COIN DRIVE
coindrive.ltd is a platform that claims to double your cryptocurrency or dollars for you in 24 hours. According to the information on their platform, what makes them unique is their lucrative referral program, DDOS Protection and Automatic Payouts. But the question is: Is coindrive.ltd legit? Coin drive really double your money?
HOW DOES COIN DRIVE WORK?:
According to the information on their platform, They are operating with a complex computer algorithms that trade in and out of positions in fractions of seconds, leveraging arbitrage strategies in order to profit from the public markets. They are using your investment as additional fund to their operation costs. They promise double of your investment exactly 24 hours as they are consistently earning with their high frequency trading. The question then is: How sure are you that coindrive.ltd wouldn’t abscond with your Money?
SHOULD YOU DOUBLE YOUR MONEY WITH COINDRIVE.LTD?:
The answer is NO. Below are the reasons why coindrive.ltd is not Trustworthy.
- This Firm is Unregulated. It has no license from Financial Conduct Authority.
- Lack of transparency.
- Anonymous lots
- Lack of substantial information
COINDRIVE SCAM REVIEW: DISTURBING THINGS FOUND
Though this platform might appear legit to a newbie, the truth is that it is just a wishy washy site built with the intention of scamming eager investors. This can be seen from the unrealistic returns. This is a type of method of scamming unsuspecting investors. Most of this quick-profit investment schemes are HYIPs.
What is a 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, and 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. 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.
Most of them 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 are not in actual sense located there.
Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. 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.
coindrive is a scam, the likes of Doublertoday Bitdoubler, 6coinx, Moonrocket, Get2X, Bitcoinprofitxyz, Fast2x, and Bitpimp pay2x which are scam doubler. They might process some withdrawals once in a while, but will ultimately end in a horrible way. We advise you to stay away from coindrive.ltd!
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..
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.