Ponzi schemes in the cryptocurrency world are damaging the otherwise great disruption. Face with one, will you tell whether one is an HYIP by merely looking at its website?
All Ponzi schemes are the same, whether it is like their operations or the promise of getting rich quickly. Since their primary targets are those who have no factual knowledge about how cryptocurrencies work, these HYIPs describe who they are and add a few line of crypto jargon to confuse and convince. And to drive their intent home, they’ll talk about having the right amount of experience and effectiveness in their craft and have a proven track record of converting your little coins into thousands in a flash!
Armed with sweet words and promises of unsustainably high returns while knowing too well that many don’t understand how an investment on cryptocurrencies is made, scammer creates HYIPs. These dishonest individuals thrive in the industry, knowing too well that there’s no regulator and they’ll surely nab a few foolish minds. But weird as it may seem, many of them are literally all over the web nowadays, stealing from less savvy crypto enthusiasts without remorse.
What Is Coin Trade Finance Limited?
Today, we’re reviewing Coin Trade Finance, a cryptocurrency investments platform that allegedly helps many strikes it reaches through cryptocurrencies. This company claims to work in work in “all major markets” and only deals with the most lucrative cryptocurrency types. Further, it purports that the hefty returns it manages to give its investors are as a result of the high liquidity in their transactions.
Who Owns It And Where It Is Based?
I bet nobody would love to pump their thousand dollars in a scheme that neither has someone known nor a physical office. Coin Trade Finance claims to be somewhere in the UK, specifically 68 King William Street, London, where many global financial institutions are situated. It further has +442080684990 and [email protected], which are naturally expected.
But upon doing further research, we noticed that everything about this firm is both fake and fabricated. Everything about it, including its ownership details, location, popularity, and reviews are just fictitious. If you doubt this, just check this out: https://www.scamadviser.com/is-cointradefinance.com-a-fake-site.html and https://www.scamadviser.com/check-website/cointradefinance.com.
Coin Trade Finance Safe HYIP Cryptocurrency Investing Plans
You deposit your cryptocurrency – BTC, ETH, LTC, NEO and DASH after creating an account. After that, you sit and wait as they make those profits on your behalf. It has five different investment plans that promise different profits, mainly between 125% after a single day and 1200% after just 21 days. Along with these, there are three VIP plans – 500%, 1000% and 3000% returns.
But how does it make the profits adequate to sustain the massive payouts made in a ridiculously short period of investment?
Well, that’s the most critical issue each Ponzi scheme finds hard to explain. As for the Coin Trade Finance Limited, they claim to have a vast portfolio that helps them to recoup even when the value of cryptocurrencies slumps. That convinces the less-savvy ones – not us.
If they were serious about it, I’d suggest they upload a short demo video of how such is possible.
Coin Trade Finance Verdict
Perhaps you think we’re skewed and misplaced in this review. Having Facebook and Twitter handles aren’t a proof that the business is genuine, trust me. To sum this up, therefore, invest what you can afford to lose!