Caution! Astrocryptomining is an offshore company! Your funds may be at risk.
Astrocryptomining Key Facts
🔴 Astrocryptomining offers questionable bitcoin related investment opportunities – a clear sign of a scam!
🔴 Astrocryptomining forges crucial contact information – beware!
🔴 Astrocryptomining lacks a license for the provision of its services – a huge red flag!
🔴 Astrocryptomining’s domain has been registered quite recently – another off-putting detail!
Astrocryptomining products and services
Astrocryptomining is yet another online investment scam – with promises of 30% daily interest rates, the company cannot be anything else. There is no way that anyone can achieve such profits – rest assured that Astrocryptomining is simply trying to pocket your deposits.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Astrocryptomining company and regulation
Astrocryptomining is not a licensed company – it does not claim to be one, but we find the fact that the company operates outside of the bounds of the legal so comfortably to be quite disturbing.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Astrocryptomining address and contacts
Astrocryptomining provides a fake address – 3031 Tischway Ste 80 San Jose CA 95128. Even if the company were licensed to deal in the States, there have been qutite a bit of scammers that have tried to pass with the same address – the ones we have reviewed can be found below:
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Astrocryptomining website info
Astrocryptomining’s domain has only been around since January 2021 – and it is also incredibly unpopular, with SimilarWeb not even listing it. These are two of the most recognizable signs of a scam, and Astrocryptomining displays them readily.
Astrocryptomining’s domain owners also breach the principles of transparency once more by concealing their identities from WhoIs lookups. And, one last thing – the domain is hosted on a well-known IP address – 22.214.171.124. This US IP hosts over 30 other scams, the ones we have reviewed available below:
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.