Cryptocanva Key Features
🔴 Cryptocanva's services are questionable – a warning sign!
🔴 Cryptocanva isn't licensed – a red flag!
🔴 Cryptocanva isn't transparent – a red flag!
🔴 Cryptocanva creates unrealistic expectations – a red flag!
Cryptocanva Products and Services
Cryptocanva is allegedly known for its transparency and accountability in managing finance in the world of Cryptocurrency trading and investments. However, that's not actually true – in reality, Cryptocanva is just an HYIP scheme offering investment opportunities that simply look too good to be true. They promise 8% earnings or more for 24 hours, which is profitability that no legit company can deliver. HYIPs like Cryptocanva are dangerous, and it's not a good idea to trust their money with any such scheme!
HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can't happen in any possible way. To put it into perspective, even the largest investment funds can't secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.
With that being said, you'd better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.
Cryptocanva Company and Regulation
Cryptocanva claims that it's registered and certified, as shown in the screenshot below, but that's another lie! The UK incorporation certificate displayed on Cryptocanva's website is fake – there is no legal entity registered with this number, and that says it all! Cryptocanva uses forged certificates to legitimise itself, which is strong evidence of a scam! We confirm that the HYIP is illegal and unregulated!
The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients' money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers' safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.
The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers' accounts segregated, ensuring that deposits won't be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn't a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn't regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.
Cryptocanva Address and Contacts
|Address:||House- 65/4, London|
Cryptocanva's contact information is false, but a detail links it to another suspected scam we recently reviewed – PolyusGlobal uses the same phone number. We don't know what the actual linkage between both is, but the same information strongly suggests a scam as we already know that Polyus is fraudulent. Regardless, the false contact information triggers a major red flag, and it gets even more significant as the lack of transparency is evident – the actual address and contact numbers of Cryptocanva remain concealed! Beware!
Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It's very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it's even a more treacherous sign if you come across an entity that doesn't even provide these crucial details!
Cryptocanva.com Website Info
|SimilarWeb Ranking||11,453,431 at the time of writing|
|WHOIS Reg. Date||2021-01-22|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Cryptocanva Safe?
Cryptocanva is not safe! It's an illegal and unregulated HYIP offering things it won't deliver, so it's recommended to avoid it! We confirm that your funds won't be safe if you invest with Cryptocanva!
For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.
Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country's regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that's why they always work without a license.
The HYIPs, in particular, are usually operated as a Ponzi because many investors can withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn't a legit offer – that's a scam, and you'd better stay far away from entities promising get-rich-quick schemes.