Payboxsol Review: Scam or Paying? payboxsol.com claims it is an Instant mining solution, where the process of earning money begins instantly after your deposit. 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, we provide you information based on our investigations and user experiences to help guide you make the proper decision.
What Is PayBox Solutions
Payboxsol.com is allegedly a crypto mining platform whose site was registered since 2010, and claims to have been mining cryptocurrencies for the public for free. However, Payboxsol are promising hourly returns and a minimum deposit of $20, which is typically not a common thing to find in genuine Crypto currency cloud mining websites.
Payboxsol Review: Disturbing Things Found
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.
OUR VERDICT- SCAM!
A lot of people would try to tell you otherwise but the truth remains that the people behind this platform are not mining cryptocurrencies. Rather they run a margin system otherwise known as a ponzi scheme. The ROI is unrealistic, and the affiliate program commission is an indication that they are eager for your money. Though this website looks authentic, don’t be deceived by their whitewashed lies. They might pay initial investors, but like other HYIP’s, one day they will abscond with your money when there are not enough deposits.
payboxsol.com is not a legit investment platform. Don’t be deceived by their promises.
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.