Coinbuzz.club is a bitcoin investment scam that promises to pay you 4% to 6% interest per day with no risk whatsoever. Find out why it’s a scam today in our review.
What is Coinbuzz.club?
Coinbuzz.club is a high yield investment program (HYIP) and pyramid scheme rolled into one sleazy “investment opportunity”. Found online at Coinbuzz.club, the website promises you enormous investment returns with no risk, no hard work, and no skill required. If you give the company a bunch of money, they’ll wave their magic wand and turn it into more money. You’ll make 4% to 6% interest per day, every day, for 35 days.
Ultimately, like most other HYIPs and pyramid schemes online, Coinbuzz.club doesn’t appear to have any legitimate products or services. The company appears to be a straight-up Ponzi scheme: the returns of older investors are paid for by the deposits of new members, and the scheme continues until it inevitably collapses.
We see no reason to believe that Coinbuzz.club is a legitimate investment opportunity. The founders also refuse to disclose their identity, location, or contact information.
How Does Coinbuzz.club Work?
Coinbuzz.club doesn’t require any skill, experience, or risk to get rich. Instead, you just give the company money. The company doesn’t really claim to invest in anything, nor do they claim to put your money towards any type of business. Obviously, when someone promises to pay you 4% to 6% ROI per day, every day, it’s a 100% sign you’re participating in an investment scam or Ponzi scheme.
The Coinbuzz.club website vaguely mentions “cryptocurrency mining” and “a team of professional traders”. However, no bitcoin trader or cryptocurrency mining operation can consistently make returns of 4% to 6% per day. It’s just not possible.
Another sign Coinbuzz.club is a scam is that the company claims to have been running for 183 days, with 11,776 members signed up so far. The website posts “statistics” showing that members have deposited $573,591.29 into the platform and withdrawn $521,369.21. As with everything else on Coinbuzz.club, we have no reason to believe these numbers are legitimate.
In any case, here’s the step by step process for getting rich quick with Coinbuzz.club:
Step 1) Register an account
Step 2) Make a deposit and pay your membership fee
Step 3) Get paid 4% to 6% per day
Step 4) Request a withdrawal as long as you have a minimum balance of 0.004 BTC
As far as we can tell, nobody has ever earned anything close to 4% to 6% returns for 35 days using Coinbuzz.club. We can find no evidence that anyone has been able to withdraw their money or receive any type of payment.
Coinbuzz.club also mentions “Bitstorm Debit Cards”. They claim you can order these debit cards by contacting the company’s “financial managers”. However, we can find no evidence that anyone has ever actually received their debit card.
Standard Plan: 4% per day for 35 days (minimum $10 maximum $100)
Advanced Plan: 5% per day for 35 days (minimum $150 maximum $450)
Premium Plan: 6% per day for 35 days (minimum $500 maximum $1,000)
Who’s Behind Coinbuzz.club?
If someone asks you to send money online, but refuses to disclose their location, identity, or experience, then it probably means you’re being scammed. Coinbuzz.club’s founding team refuses to disclose any information about themselves. They list a fake address in London as their “headquarters”. That address exists, although there’s no evidence the company is actually located at that address.
The company also lists a fake UK corporation registration under the name Bitstorm Limited (company number 10286668). This is the same corporation registration that takes a few minutes to register online. That registration does not certify Coinbuzz.club as a certified investment company or financial service provider. Furthermore, the company’s registration information is listed as “overdue”.
Making the scam look even more obvious, Coinbuzz.club posts stock photos of businesspeople, then claims these people are company employees. “Tim Waters” is listed as CEO, for example, along with a stock photo of a businessman. Other generically-named people are listed as “Traders”, “Trader Analysts”, or “Client Support”. A reverse Google image search reveals all of these are stock images, and the names are all fake.
Coinbuzz.club is a blatant bitcoin investment scam. Everything on the website appears to be fake – from the number of members involved, to the number of days the scam has been running, to the amount withdrawn from the platform, to the stock photos of the company’s “CEO”.
The company refuses to provide any proof of its ludicrous 4% to 6% daily returns. As far as we can tell, Coinbuzz.club is yet another HYIP scam that will disappear with your money and refuse to let you withdraw.