Reviews To Identify Scam or Legit Review - Legit? WaterMine Scam

Searching for the WaterMine review to find out its reality? If so, then you can go through our WaterMine review here to find what is all about, whether a scam or a genuine company.

WaterMine complaints WaterMine fake or real WaterMine legit or fraud | De Reviews

Water Mine is a scam company offering a Ponzi scheme. Let's find out why in brief below:

# It is offering a huge return such as 2.6% daily profit 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 is that 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 in 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 2.6% daily profit 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 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 of 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 WaterMine 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 on 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.

# It also offers a referral commission up to four-level downlines without selling any products or services but just on the sales of its Ponzi investment plans which makes it another illegal scheme, known as a Pyramid scheme.

Our Final Verdict:

Considering all the above facts, we have concluded that WaterMine 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.

Actually, there are and were many Ponzi schemes online such as BTCFlash, Cryptoware, and so on. So, stay away from any sites which show you easy money.

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.

So, 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:-

You can find the various kinds of scams listed within our “Scams” category by clicking >HERE< or you can navigate our website through our home page to find out the several interesting and knowledgeable articles under different categories by clicking >HERE<.

Please feel free to share something more you know about this company in our comment section below.

We request you to spread awareness about the scam and suspicious online websites/activities by sharing the information provided on our website [] through your social media accounts.

Good Luck!

0/5 (0 Reviews)

De Roka

I am De Roka, also known as Suman Roka, and I'm the person behind this website. I've been working online since 2009, and since 2014, I've been researching scams to protect people from falling for them. I've saved many folks from scams by exposing their true nature before they can trick anyone. If you want to learn more about me and my team, you can visit our “About Us” page at this link:

23 thoughts on “ Review - Legit? WaterMine Scam

  1. They are scammers. I was logout and can’t access my account before finally help me out. You can try them out

  2. They are scam….After investing with them, they denied me withdrawal and disabled my account. I was so devastated, I thought I had lost my funds till I came across (, a cryptographing team that helped me recover my lost coins. Visit their website and thank me later.

  3. is a big scam, after investing my hard earn money i couldnt access the site anymore.a week ago at work, my colleague introduced me to Abraham via whats app + 44 7 5 4 8 9 1 9 3 7 1. after verifying my details , he was able to hack and i got a notification of my fund in my wallet after 48 hours...i was able to pay for his reward after a successful chargeback

  4. I have been with watermine for around a year and never took money out, they were good broker to trade with and everything seemed fine from the start. After my account grew big, i wanted to withdraw everything and the problems started. They canceled my withdrawals, took them weeks to respond to my emails and finally they deleted my account saying its under investigation and they went completely silent for over 2 months now. I was only able to get back my money with the help of a financial recovery company “Scaminspect. c o m”. if you are a victim of scam reach out to them.

  5. Can the victims of scam get their money back? Yes, if you have fallen victim to scam from an unregulated investment platform or any scam at ll then are eligible to recover what was stolen from you and this can only happen if this is reported to the right people. With the right approach and with evidence, you will get what you lost back. Those behind these unregulated platforms will likely want to sell the idea that what happened to your investment was an unfortunate occurrence when in reality what happened was theft via elaborate means. If you are a victim or you know any one who is a victim of these occurrences, you should know there are people who can help you. Simply search (r e c o v e r y t e m p l e . t e c h) on google just the way it is in that bracket. It is never too late if you have the right information, your sanity can be restored.

  6. Recovery can be done for you if you lost money. We can help you get the peace of mind you deserve.

  7. i withdraw to my wallet daily made my initial investment back, had friends become 5 figure earners they've been around for almost a year so if you slept on this opportunity sucks to be you cause im laughing at your posts all the way to the bank

  8. Truth be told these banks are no different than these crypto companies. The banks use our money on a daily basis to get wealthy. I challenge anyone to prove me wrong. You can be a customer with a bank for 10,15. 20m years the minute you request any type of loan. They make you fill out stacks of paperwork and still might deny you. I'm not even going to mention how much banks make off our savings and checking accounts. Yes, these crypto companies can't be trusted but neither can the banks. I'm yet to see one review that calls other companies scams, but they redirect you to their so-called legit offer . Give me a break every offer is shady

  9. claims require proof and nothing in this article proves anything no statements screenshots etc . There are scammers and there are idiots who want people to take their word for it . I have a family friend thats been involved for a while and hes getting paid by them on a regular basis .

  10. My 36 year old son told me about this during lunch the other day. I analyzed it and determined that it was a Ponzi Scheme also. He laughed and said that he found rebuttals to all of the issues that I raised. I told him to make sure that he withdrew his "earnings" every day because one day Watermine will just disappear. In the meantime, I am just started daily tracking of their published member count, deposits and withdrawals. For the record as of today (5/12/21) they have:
    134,087 members
    $3.78B deposited (or $28,194 average per member)
    $3.04B withdrawn (or $22,697 average per member)
    If you can believe their numbers, my prediction is that when the member count flatlines or starts to reverse that is when they will pull the plug...

    1. Yes, that is how Ponzi Schemes are operated. The legal authorities marked Ponzi Scheme as an illegal scheme because, like you said, the one who join or invest later will lose their all money. So, the member who are earning currently are robbing those who join or invest later. This is the reason legal authorities not only take action against the Ponzi Scheme's founder but also the ones who promote them and invest there. We hope your son won't get into any legal trouble. So, it's better to pull out to plug before it's too late.

      Good Luck!

  11. Definitely a scam like BTCflash. I was referred by a friend who had been getting paid out for months. A week after joining, while waiting for my pay they claimed that the website was having issues. The next day the entire website disappeared without a trace. Unfortunately I lost my investment, along with 3 other people who I had invited to join. Also, a week before they ran away with everyone’s money, they began offering a new plan of investing $5,000usd. People were jumping on that.
    Thank you for trying to warn people, although many won’t listen. Just because they are paying now, does not mean it will continue, nor does it mean that it’s not a scam!

  12. May I ask how a Ponzi as you so eloquently put it can send withdrawals through the chain without the sender incurring mining fees? I have been with Watermine for about a month now. The amount withdrawn is always equal to the amount received. I have yet to see any Ponzi scheme so brilliant that they can circumvent blockchain fees. The only one with the authority to waive its fees is the actual miner. Furthermore, anyone in the crypto space knows that crypto is widely unregulated. How can one expect what doesn’t exist?

    1. It is not about Crypto. This business has nothing related to how Crypto operates. It is completely operating as Ponzi Scheme. Its business is not only unregulated but declared illegal business. You should know that anyone involves in Ponzi Scheme are equally responsible and they can be penalized if the authority tracks them out. We never said it is not paying. It is paying and will pay for some days but ultimately it will stop paying, mark our word for that. And it is not the first Ponzi Scheme which is paying without any fees. Like we said, all Ponzi Schemes do that for some months in order to lure more people into their scheme.

      1. If you have found proof that Watermine is not involved in crypto please share it with us because the plans that are offered are mining plans and there is even a built in exchange for the minable cryptocurrencies that they deal in. I may be missing something. This company is registered in the U.K. by a U.K. national. Crypto mining companies are not regulated in the U.K. I would hope that the responsible party for Watermine understands the ramifications involved if overstepping the FSA.

        1. They are simply not mining anything. Their business is related to paying one person using the money invested by another which won't last long. About registering in the UK Companies House, we have already explained that in the review as above. Please check. You should know that none of the mining companies will guarantee the fixed rate of return (2.6% daily profit) like this company is doing. If you still don't believe us, better you contact the concerned legal authorities in your country to check its business, then you will know the reality by yourself. Good Luck!

        1. Instead of arguing with us, ask the legal authorities in your country to check the business of WaterMine, then you will know the reality yourself.

Leave a Reply

Your email address will not be published. Required fields are marked *