Searching for the Cryptoware review to find out its reality? If so, then you can go through our Cryptoware review here to find what is Cryptoware.biz all about, whether a Cryptoware.biz scam or a genuine company.
Cryptoware is a scam company offering a Ponzi scheme. Let's find out why in brief below:
# Cryptoware is offering a huge return such as 3.6% profit daily on the investment which seems quite higher for any business type. They are claiming that they are making a high rate of return from the investment they do from their affiliates’ investment money, so they can pay high profit to their affiliates. Really? Even the market experts can't guarantee such a high return from the platform where they are claiming to invest. That is practically not possible. Another question - what is the proof that they are actually investing their affiliates’ money in those fields?
# First of all, legit companies mostly have the option to take bank loan at a much lower price i.e. less than 1% monthly or even lesser against their viable business, personal loan, or even loan against collateral than collecting fund from their affiliates in such a huge rate of return such as 3.6% profit daily and so on.
Secondly, even if we consider that they want to take the loan from their affiliates or collect money from them for any genuine reason, then they shall offer some reasonable rate of return (i.e. 1.5% or 2% monthly which is even higher than the bank rate and logical as well) rather than some unrealistic return. We don’t think the bank will reject any feasible project for the investment as their major income depends on the return on investment (ROI). Do you find any logic in this type of scheme that offers so much return in such a short span of time? Of course not, because we know that such offers can only be a part of the Ponzi schemes made by some fraud companies.
# These kinds of scam companies try to trick people by showing the legal company registration document. However, most of the time, either they show the registration document of another company or they register a company by providing the third party identities and fake address (the virtual address which they can rent from virtual address providers in certain countries). So, never fall into those registration documents. You must know the fact that none of the companies can survive by having legal registration if their business model is bogus.
# We want to make you aware that Ponzi schemes like Cryptoware pay their first few affiliates by routing the money among the affiliates i.e. they pay one's money to the other and the other’s money to the third one but they hardly make any investments to multiply their affiliates money for the return. However, only a few people make money in Ponzi Schemes but the majority of people lose their money. So those who make money in Ponzi Schemes are the ones who get profit from the loss of other members who join after them, so it is like stealing money from other members to make money for yourself. So, Ponzi Schemes are declared as an illegal scheme by legal authorities as scamming innocent people is a major crime. And people shall be aware of such scammers who don’t care about anything but only the money. They use these payment proofs so as to attract more people in their bogus schemes. People also believe in such proof without doing any research and invest their hard-earned money in such Ponzi schemes and later get cheated.
Our Final Verdict:
People these days are much eager to make easy money with lesser hard work and investment, thus seeking such way-outs where they can do so. But they mostly forget that there are so many scammers in the market who are looking for such people so as to trap them and earn money from them. Their business strategy is showing big dreams to them in terms of earnings and lifestyle. But instead of earning you will lose your hard-earned money, time, and your effort on such bogus schemes.
Scammers of such companies knew that they are doing criminal activities as it is crime to deceit people and some of them are also caught and punished by the legal authorities but still they are not hesitated to continue scamming people. People are also falling for such schemes and losing their money in the hope to get rich over the night. Now it’s high time that we shall know how to identify such scammers and how to stay away from them.
Considering all the above facts, we have concluded that Cryptoware is none other than one of the Ponzi Scheme and we do not recommend this fake site for your online business.
If you don't believe us, then we recommend you cross-verify by yourself to find out if it's a scam or a legit company by contacting the legal authorities in your country.
Please feel free to share something more you know about this company in our comment section below.
Actually, there are and were many Ponzi schemes online such as BTCFlash, HourRich, and so on. So, stay away from any sites which show you easy money.
Don’t go after these kinds of easy ways to make money online. If you are looking for a serious way to make money online, then do your own blogging business. Yes, it may sound difficult, but it is not. These days it is very easy to start your own blogging business by joining renowned training programs like Wealthy Affiliate where you can learn everything about blogging through video tutorials and make money from there. If you want to find out more details, then you can check the detailed Wealthy Affiliate Review by clicking this link:- de-reviews.com/wealthy-affiliate-review/
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Good Luck!
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