Grenminer Review – Is grenminer.com a Mining Scam?

Grenminer Review – Is grenminer.com a Mining Scam?

Grenminer Key Features

🔴 Grenminer’s services are questionable – a warning sign!

🔴 Grenminer isn’t licensed – a red flag!

🔴 Grenminer isn’t transparent – a red flag!

🔴 Grenminer creates unrealistic expectations – a red flag!

Grenminer Products and Services

Grenminer is a crypto mining service, but the offers made are enough to call it a suspected scam. Allegedly, clients can make up to 2450% for 16 days only, which is nothing else but a fraudulent promise. It’s technically impossible to make so much money from crypto mining – if it were feasible, everyone would be a billionaire already! And why would they ask for your money? They would invest their own and make billions by the end of the year. Anyway, the excessive profitability advertised proves that Grenminer is just a crypto HYIP, so it’s highly recommended to avoid it.

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.

Grenminer Company and Regulation

Grenminer is seemingly registered in Britain – we traced it, such a company exists. However, that doesn’t make the scheme legit! No one promising 2450% earnings for 16 days is legit! Most importantly, though, the company is not regulated by the local FCA, so all investments will be exposed to risks if you deposit. Regulation and crypto are words that are not usually suitable for a single sentence, but bear in mind that Grenminer offers a pure investment service – after all, they ask for your money, promising gains in the future in exchange! Beware!

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.

Grenminer Address and Contacts

Address:None
Phone number:None
E-mail:None

Grenminer is totally anonymous, and we don’t really know why they refuse to share their address when the name and the incorporation number of the company are revealed. That’s strange behaviour, and it suggests that the British company we verified may be abused – it’s not excluded that Grenminer may as well be a clone firm. We can’t prove it now, but we confirm that there is a lack of transparency, and it triggers a major red flag! 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!

Grenminer.com Website Info

SimilarWeb RankingNone at the time of writing
IP186.2.161.157
Server Country Belize
WHOIS Reg. Date2022-03-19
RegistrarNAMECHEAP INC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Grenminer Safe?

Grenminer is not safe! It’s an illegal crypto investment service promising profitability that’s technically impossible to achieve. We confirm that your funds will be in danger if you deposit, so it’s recommended to stay away!

Scam Warning

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.

4 Comments

  1. Yes I lost 200

    1. I have lost 4k with in five days absolutely scammers they are clever they just paid for small amount if anyone wants to challenge please contact me.

  2. Total sham after a good first week. They are paying far less than the promised owed to probably if not all to most of us investors. Hence im not yet sure if yet it effects all the plans. But others are rumoured to have had deposits of above $1000 stolen. The company will naturally blame the investors or call them fake liers. The scam effectively continues by paying you alittle back rather than non at all to keep there payout ranking statistics and reputation relevant.

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