Phenix Cloud Mining Review: Is this a trusted website?
Read our review to see what experts have to say about Phenix Mining Platform. This website promises to multiply your cryptoccurrency. Is Ph-mine.cloud a scam? 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 Ph-mine.cloud?
Phenix Cloud Mining is the new mining platform that has been swooning heads with its enticing investment offers. They claim they can help you grow your cryptocurrency.
Should you invest in this platform? Is this investment genuine or fraud? We hope to answer these questions. Meanwhile, always have it in mind that some blogs might try to convince you to invest in this platform. However, the truth is that they might not be concerned about your end, rather they are keen on their commission as an Affiliate partner.
So, take your time to go through this review. We bet you’ll find concrete reasons that will help you make a decision about this platform.
Ph-mine.cloud Scam Review: Disturbing Things Found
Though this site might appear legit to an untrained eye, the truth is that it is just a wishy washy Ponzi just like CryproCash, and CryptoCrown it is designed in such a way to convince unsuspecting investors.
Forget the grammar in the About Us section, Phenix Cloud Mining 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.
Just like we said before, 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. Why spend your time on HYIPs when there are other legitimate and sustainable ways of making money?
Reasons Why Ph-mine.cloud Is Not an Ideal Investment Platform For You
- Phenix Cloud Mining is unpredictable. The returns are unrealistic. Common, how would they be able to keep shooting out that profit?
- We couldn’t come up with those behind this platform, notwithstanding the extent of our thorough investigation.
- Ph-mine.cloud works with some HYIP monitors. Their affiliate program is lucrative, so even top 10 trusted hyip monitors would promote. Hey! don’t let your guard down.
- Ph Mine Cloud promises to provide long term investment plans but we discovered that their domain is a short life expectancy domain and could go offline at any moment.
You might probably think you should give it a try, but the truth about investment platforms like this is that, they have smooth talkers that would make you invest more than you bargained.
Is Ph-mine.cloud Licensed?
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.
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.
The truth is that even the longest paying hyip would one day flop. The system is not sustainable. Why waste your time and money when there are legit and paying bitcoin investment sites? You could even start forex trading with the help of trusted brokers.
Ph-mine.cloud is not a trusted Mining 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?
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.
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