Multicoin Bank: Is This Cryptocurrency Investment Deal Real?
What Is MultiCoin Bank?
MultiCoinBank is a UK registered investment company created by a team of experts, bankers, analysts and traders with over ten years specialized experience in bonds, stocks, futures, currencies, gold, silver and oil trade. The platform promises its investors that their cryptocurrency investments on the platform will double after ten days through its state-of-the-art trading algorithm.
How MultiCoin Bank Works
To begin earning from the platform, investors will have to create their accounts by providing all the necessary details on the MultiCoinBank website. They can then select their preferred investment option from the list containing the cryptocurrencies accepted on the platform and deposit their desired amount.
Currently, accepted currencies include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, Doge, and Lisk among many others. Investors can add multiple investments using any of the cryptocurrencies on the platform. After ten days, the investor will automatically receive double of their initial investments into their cryptocurrency wallet.
MultiCoinBank utilizes a high frequency trading algorithm to automatically trade thousands of investors’ cryptocurrencies every minute and locking the price difference as the investors’ profits.
How Safe Is MultiCoinBank?
Although MultiCoinBank claims to be a legal entity registered in the UK, research on various UK business registries like CompaniesHouse doesn’t turn out any results, meaning a company known as MultiCoinBank doesn’t exist. The platform also claims to have been in existence for 5 years; however, further research indicates that the website has been functional for less than a year.
Additionally, the team of experts named on the MultiCoinBank website (Arnold Palmer, Bruno Alves, and Kelly Brook) and testimonials are fake identities since the photos posted are stock photos downloaded from the internet.
MultiCoinBank alleges that it generates double returns of the investments after only 10 days; however, the platform doesn’t work with any third party entity that can verify these claims and prove that the platform is genuine. In the cryptocurrency market, generating such returns over short periods is highly impossible.
Multicoin Bank Conclusion
For investors looking for an investment opportunity in the crypto sphere, we advise investing in the recognized and verified trading platforms.
This website is possibly a scam. BEG cannot confirm the validity of the information in the website.