Miningonebitcoin Review – Is a Scam or Safe?

Miningonebitcoin Review – Is a Scam or Safe?

Miningonebitcoin Key Features

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

🔴 Miningonebitcoin isn’t licensed – a red flag!

🔴 Miningonebitcoin isn’t transparent – a red flag!

🔴 Miningonebitcoin creates unrealistic expectations – a red flag!

Miningonebitcoin Products and Services

Miningonebitcoin is allegedly a cloud mining service, but certain things make us suspicious about it. First and foremost, we are worried about the returns promised – as you can see from the screenshot above, customers are reassured that they can earn up to 10% per day from BTC mining, which is a rate technically impossible to achieve nowadays. If it were true, Miningonebitcoin would be able to mine all Bitcoins by now! So, those things out of the way, we should warn you that Miningonebitcoin is a typical HYIP programme that may sooner or later just disappear! What’s more, Miningonebitcoin’s referral programme looks like a pure MLM scheme, and that’s yet another reason to consider it a suspected Ponzi! Beware!

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.

Miningonebitcoin Company and Regulation

Miningonebitcoin claims to be a brand of the British company MINING ONE BITCOIN LIMITED, and it seems to be true. We traced the company, and the details presented by Miningonebitcoin match the information we found in the British Companies House register. However, the company was incorporated less than 3 months ago, and it doesn’t hold an FCA license to offer investment services.

You may think that license is not necessary for crypto mining, and that’s actually true. However, Miningonebitcoin presents investment opportunities, and in our humble opinion, it should be regulated. Not that FCA will license a crypto mining platform, but think about it from another perspective. You’ll send money to Miningonebitcoin, expecting gains in the future. That’s an investment, and as you deposit money, you should be reassured that your money is kept safe, and you won’t face problems withdrawing the funds whenever you want to. Well, Miningonebitcoin can provide no guarantees that you’ll receive your money back! 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.

Miningonebitcoin Address and Contacts

Address:6 Bevis Marks, London, United Kingdom, EC3A 7BA
Phone number:None
E-mail:[email protected]

Miningonebitcoin’s address is verifiable, but that doesn’t mean the scheme is as transparent as it should be. After all, it’s an investment service, so customers should be granted more contact information, and as seen, there is no phone, which is a warning sign nonetheless. That’s a minor red flag, but it’s still a red flag!

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! Website Info

SimilarWeb Ranking12,921 at the time of writing
Server Country USA
WHOIS Reg. Date2021-07-28
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Miningonebitcoin Safe?

Miningonebitcoin is not safe! It’s a BTC mining service offering highly unrealistic returns on investment. Cloud mining services are always risky because there are cryptocurrency deposits involved, meaning that customers won’t be able to reclaim their money back if things go wrong. Beware!

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.

1 Comment

  1. this site is 100% scamm, i and my referral already experience in this site, they always make up any reasons which does not make any sense at all to blame me and my referral so they don’t need to pay the profit to us. i believe they already plan to cheat since the beginning.
    here is my proof,
    if you need anything, you may send me email.

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