MrCoin is a scam, there is no doubt on that. So, now let’s find out why is MrCoin.LTD a scam, what makes MrCoin LTD a scam, what is MrCoin.LTD in real through our MrCoin review here. So, let’s begin with our MrCoin.LTD review.
MrCoin.LTD is a fraudulent website due to the following reasons:-
# MrCoin.LTD is a Ponzi scheme which is neither a legal nor a sustainable business scheme. Legal authorities have already warned the general public to stay away from the Ponzi schemes due to their unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out some few people promoting and supporting some Ponzi schemes.
# We can say “MrCoin LTD” is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay up to 577% profit in 15 days on the investment amount of members by using the money of members in cryptocurrency mining. However, none of the experts in the cryptocurrency field can guarantee such a high amount of return by doing any kind of cryptocurrency mining. On top of that, MrCoin even fails to provide the proof of its cryptocurrency mining or physical location of its mining farm which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like MrCoin.LTD trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they pay the members. So, even if Ponzi schemes like MrCoin.LTD want to pay all members, they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like “MrCoin LTD” are illegal schemes.
# MrCoin LTD has tried to trick people by showing the company’s registration document registered from the UK Companies House. But, don’t fall for that trick. Lots of Ponzi schemes in the past have already turned into scams which were registered from the UK Companies House. Actually, it is very easy to register a company in the UK Companies House by providing a virtual address which you can rent from the virtual address service providers as well as by providing the third person identities. Even you can register a company in the UK Companies House without any hassle. On top of that, such kind of registration is not the license to run an investment company like MrCoin LTD, but just the registration for the tax purpose.
# Actually, you can find 1000s of similar kinds of Ponzi scheme sites around the internet and most of them are registered from the UK Companies House. So, having such registration document is not the proof of legitimacy.
Now you know that MrCoin.LTD is a Ponzi scheme. So, MrCoin LTD is a scam. That’s why we have listed MrCoin.LTD within our “Scams” category. So, in this situation, we don’t recommend you to invest in “MrCoin LTD”.
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