Looking for a Coinbuzz Club Review? Want to know the hidden scheme behind this high-yield investment program? We are here to give you a comprehensive scoop on this horrid trap for investors that is still operating in the market.
What is Coinbuzz.club? Coin Buzz Review :-
Based on the Coinbuzz club Review website they are aiming to be the next global leader when it comes to the international market for investments. They stated that they are a group of professional cryptocurrency traders plus they have a highly-efficient cryptocurrency mining system.
On the ‘about us’ Coinbuzz Club review page, it states that Bitcoin users can participate in Coinbuzz Club and BTC is the ground currency of this club. They are offering participants a profit of 4% to 6% daily. Yes, you read that right! DAILY! You can earn DAILY!!! How cool is that? But as the saying goes, ”if it’s too good to be true, there’s something wrong.’ So in this case, earning 4% to 6% everyday is already a red flag.
The profits will depend on how much you have deposited. So, if the profit will depend on how large the amount you deposit means, they are just persuading you to invest more and by the time you withdraw, you won’t be able to get your money back easily.
In a forum site, one user had said that he has been trying to withdraw but the system always reflects ‘status pending.’
They also offer an affiliate program with 3 levels. Members who wants to participate in this affiliate system can earn up to 5% for every investment drawn. It is clear that the website is also founded on Ponzi scheme or what is know to be pyramiding scheme. Wherein old members gets paid through the investments of new members.
What are the Coinbuzz Club Products?
As you can see in the above image, Coinbuzz club offers three plans. These are standard, advanced and premium.
The Coinbuzz Club’s Standard plan lets investors earn 4% everyday for 35 days. An investor can easily invest due to its low rate, for only $10 and a maximum of $100. The plan already includes principal amount and users can enjoy daily withdrawals.
On the Advanced Plan, earning rate is higher than the Standard Plan, which is now at 5%. The website offers investors an earning potential of 5% for 35 days. However, the minimum deposit amount in this plan is $150 and a maximum deposit of $450. Similar to the prior plan we have mentioned, principal amount is already included and members can request a withdrawal everyday.
Lastly, on the Premium plan, investors can earn up to 6% everyday for 35 days. But a $500 minimum deposit amount is required while $1000 for the maximum deposit amount. Daily withdrawals and principal is included.
The way they’ve laid out the plans already looks like they just want to bamboozle.
Coinbuzz.club review website also offers their investors a debit card for instant Bitcoin exchange to the traditional fiat currencies such as Euros and U.S. dollars. As stated, it comes with VISA or Mastercard logo. However, despite its promising features, they didn’t even show the real card image on their website. What they have provided is only a graphic. So, it leaves us wondering if this website is true.
Who is behind the Coinbuzz.club?
On the about us page of the Coinbuzz Club website, it shows that the company is only comprised by 4 members namely, Mr. Fardin, Chief Executive Officer; Maria Misco, Trader Analyst; Mohammed Soliam, Operator; and lastly, Milana, Client Support.
The Chief Executive Officer named Mr. Fardin is a professional Financial Analyst with experience in different decentralized currency trading and Foreign Exchange market.
If they are a legit company, why isn’t the CEO transparent? The CEO should let people or investors know his surname. Nonetheless, he isn’t the only one in the world who is named Fardin.
Their company’s Trader Analyst is Maria Misco. The website states the she is involved in developing thriving trading strategies. Also, she is involved in deep analytics of the modern crypto market.
If she is a legit trader analyst, why is her successful works not viable? She should have indicated where she was connected in developing trading strategies and how many years of experience she had in prior companies she have worked.
The operator is Mohammed Solian. As per the website’s description, he is engaged in the daily trading activities and an increase of trade turnover.
The client support is named Milana. As what her job description says, she is the go-to of clients for inquiries and other concerns.
As you can see, the pictures of members here are stock free images. Yes, STOCK FREE! Why would they dare to post a stock free image representing their names if they are a legitimate business?
On the domain origin of Coinbuzz club, it is hidden. However, there is a 7% chance that the server is located at United States. This makes us wondering why would they hide their identity?
The Coinbuzz club review website provided their business certificate issued by the Registrar of Companies for England and Wales under the business name Bitstorm Limited with a company number of 10286668. Based on the certificate, the business started its operation 19th of July in the year 2016.
Unlike other scam sites, this one provided their business address which is located at 50 Cheyne Court, London SW3 5TR, United Kingdom.
How can we be so sure that the business certificate and address they have provided is legitimate?
How to be a Coinbuzz Club investor?
To be a member of Coinbuzz club website only takes four steps. In the first step, user must register an account fill up the required fields such as username, password, email and Bitcoin address where user can claim their payouts.
The second step is to make a deposit immediately. Just by sending the specified amount from your BTC wallet, you can easily be an investor without the difficulties of completing requirements.
The third step, you can easily receive your earnings and request for withdrawal.
How easy is that, right? But if it’s too easy, something’s not right.
What are the payout terms of Coinbuzz Club?
Coinbuzz club users can receive daily profit just by making a withdrawal request, provided the amount is 0.004 BTC and above since it is accumulated 24/7. For this site, they pay even weekends and holidays.
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Conclusion : Why is Coinbuzz Club a Scam? Final Point !
As you can see on the Coinbuzz club review website, there are many signs of red flags present.
The first major sign is the daily profit earnings from 4% to 6%. Remember, a legitimate high-yield program always takes time. So, for you to have a legitimate 4% to 6% earnings, you need to wait for years and not just 24 hours.
The second red flag is that it is based on an unreliable shaky foundation which is the Ponzi scheme. Notably, this kind of MLM aren’t long-term.
We hope that this Coinbuzz Club review got you enlightened so you won’t fall into these kind of scams.