Paygow Review – Is a Mining Scam?

Paygow Review – Is a Mining Scam?

Beware! Paygow is an offshore broker! Your investment may be at risk.


Paygow Key Features

🔴 Paygow services are questionable – a warning sign!

🔴 Paygow was reported as a scam – a red flag!

🔴 Paygow is not transparent – a red flag!

🔴 Paygow creates irrational expectations – a red flag!

Paygow Products and Services

There are many suspicious aspects of Paygow's business, but the most shocking one is the fact that it's almost identical to Barbizon! Indeed, both websites are 99% the same, so we won't be surprised if the same people operate both schemes.

Anyway, Paygow's services are utterly suspicious for two main reasons. The first one is the unthinkable mining interest rates presented – in particular, they claim that through Bitcoin mining, customers can make a guaranteed 1280% per year! It can't happen because Bitcoin mining is not so profitable – if it were possible to make 1000%+ per year, all BTCs would be already in circulation. On the other hand, no legit company can deliver almost 1300% per year regarding fixed-income, no matter the assets traded.

The second reason making Paygow utterly suspicious is the MLM scheme presented, in which customers can climb the ladder by enticing more and more people into the scheme. MLMs are not always bad, but usually, this type of marketing suggests a Ponzi, so make sure to remain cautious! Don't do this to your friends and family!

Cryptos went to become extremely popular, and they come with tremendous profit potential, but the assets are pretty complex and a bit enigmatic for the vast majority of people. Bitcoin is still surging, and the entire crypto market is growing exponentially, but all investments carry significant risks, such as high unpredictable volatility and absence of regulation, for example. And we'd also like to emphasize the fraud risk- crypto scams are virtually everywhere. In fact, the latest trend among scammers is to create fraudulent websites offering fictitious crypto investments and mining services aimed to entice unsuspicious investors into scam settings. The fraudulent offers usually stick to the rule “sounds too good to be true”, the entity offering the services is totally anonymous, and there is no regulation whatsoever. So, based on the products and services offered alone, we can affirm that the entity under review is dangerous. You'd better avoid it.

That said, it's worth considering trendy cryptocurrency alternatives that have already proven to be reliable. For example, many cryptocurrency exchanges like Coinbase and Bitstamp already provide passive income opportunities like BTC and ETH staking, other earning opportunities, affiliate programs, so on and so forth. Both mentioned are law-abiding financial firms that operate transparently, so you won't be exposed to fraud risks if you trust them.

Paygow Company and Regulation

Paygow is not regulated. We couldn't find legal entities associated with Paygow, which in this particular case, doesn't mean it's totally illegal. We suspect that it's a brand of an Asian company that's hard to be traced, but whatever the case, we can guarantee that Paygow has no license to offer investment or other financial services. That is to say: your funds will be at risk if you invest in Paygow!

Another thing we should note is the lack of transparency as Paygow doesn't provide any corporate information whatsoever. These guys apparently want to hide something from the public, and we can only guess what that it!

So, the crypto service under review isn't a typical firm, and as such, it's not regulated. The absence of regulation implies that your investments will be at risk if you deposit. Moreover, you won't have access to complaint procedures or money protection schemes, so if things go wrong, you'll be the one to suffer the complete loss. Even more so, the digital coin transactions are anonymous, so if you get scammed by a shady crypto provider, you can't get your money back.

Indeed, cryptocurrency regulation has been a hot topic for a long time. The digital coins themselves are not issued or governed by central banks, but too many countries already have plans to introduce centralized cryptocurrencies. Still, Bitcoin is a peer-to-peer payment system that's considered too risky for many. However, many crypto firms are now operating with financial licenses; they are transparent, and their clients can benefit from certain customer protection measures if things go wrong. And that doesn't apply to the entity under review, which is an anonymous and most probably totally illegal enterprise that can switch off its servers, pocket clients' money and get away with the crime.

Paygow Address and Contacts

Phone number:None

Paygow shares no contact information either. Indeed, the scheme is totally anonymous, and we neither know who these people are nor where they actually operate from. The lack of transparency – how much a business is willing to share with the public, is always a red flag, so beware!

Considering investment opportunities, transparency is always crucial. As for cryptos, you already know that Bitcoin is a peer-to-peer payment system, which is designed to protect the privacy and to provide security. However, that doesn't mean that the crypto providers should also be anonymous. After all, these people will handle your money, so you should at least know who they are and where they operate from. In fact, we need to note that some trustworthy exchanges don't reveal such information on their websites, but it's still easy to verify that businesses are legal, law-abiding companies; therefore, it's always a worrying sign if the crypto provider isn't transparent. Website Info

Alexa RankingNone at the time of writing
Server Country Hong Kong
WHOIS Reg. Date2021-01-02, LLC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Is Paygow Safe?

Paygow is not safe! It's anonymous and unlicensed, and on top of all that, the promises for almost 1300% per year are utterly suspicious. You'd better avoid it!

Scam Warning

Scammers are always riding the trends, so it's not at the least surprising that cryptocurrency fraud is now blooming. Even more so, the high-tech nature of Bitcoin actually facilitates scams as most people don't really know how crypto works, so scammers take advantage of the lack of understanding. Indeed, the crypto scam has been here for a while, and it proved to be extremely dangerous- just recall OneCoin, which happened to be a multi-billion Ponzi scheme disguised as a revolutionary digital currency. However, scammers rarely go out of their comfort zone, so most crypto scams happen to be very similar to the typical investment fraud.

The fraudulent crypto schemes are also anonymous and illegal, while scammers introduce themselves with fake identities. There are also too many impersonators resembling the websites of valid start-up companies from where customers get redirected to other insecure fishy payment portals that may as well carry additional security risks. The cons yet again promise the moon and the stars to their victims but won't deliver a thing in the end. However, the difference between crypto and the rest of the investment scams is that people are more likely to believe that they can become rich overnight as Bitcoin has already proved to have massive profit potential. In any case, you should be very cautious when it comes to crypto, as the markets are plagued by scammers ready to take advantage of you.

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  1. Good morning, the information is interesting but why do you have an MSB, in the United States government? can anyone have it?
    This is the license number and it is indeed the correct one, despite this it is dangerous?

    MSB Registration Number: 31000203407577
    Buenos dias, es interesante la informacion pero por que tienen un MSB, en el gobierno de estados unidos ? lo puede tener cualquiera?
    este es el numero de licencia y efectivamente es el correcto, a pesar de esto es peligroso?

    MSB Registration Number: 31000203407577

  2. I hope comments on this information and that they can help us to investigate more about this company,
    thanks to this page.
    espero comentarios ante este dato y que nos puedan ayuda a investigar mas sobre esta compañia,
    gracias a esta pagina.

  3. I ask the same question, how do they get the registration with the United States Treasury and register as a company domiciled in Denver Colorado.
    MSB: 31000203407577


    Hago la misma pregunta, como hacen para sacar el registro ante el Tesoro de los estados unidos y registrarse como empresa con domicilio en denver colorado.
    MSB: 31000203407577

  4. Can someone give us more information?
    alguien nos puede dar mas información?

  5. and the information about the IP address that they publish on this page does not correspond to that of paygow, it is quite another.
    y la información sobre la dirección ip que publican en esta pagina no corresponde a la de paygow, es otra muy diferente.

    1. Como hago se callo paygow y no aparece ya s e perdió la plata
      How do I do it? Paygow fell silent and does not appear, the money is lost

    2. Buenas tardes pues nosotros nos metimos a un proyecto de largo plazo lo liberaban el 29 de agosto y bloquearon los ID no podemos retirar, de atención al usuario nos indican que estan en declaración de renta y hasta el 20 de septiembre podríamos seguir retirando, a alguien mas le esta o le sucedió esto?.
      Good afternoon, well, we got into a long-term project, they released it on August 29 and blocked the IDs that we cannot withdraw, from customer service they tell us that they are in a tax return and until September 20 we could continue withdrawing, someone But is this or did this happen to you?

      1. They already robbed us, it’s the safest thing, I’m the same
        Ya nos robaron es lo más seguro yo estoy igual

      2. Yes, I got into a project to withdraw on the 17th and it won’t let me withdraw, it says that they updated the page and you have to pay 500 usdt. to be able to withdraw
        si, a mi, me meti a un proyecto para retirar el 17 y no me deja retirar, dice que actualizaron la pagina y hay que pagar 500 usdt.pata poder reitrar

      3. This happened to me also I paid the 500usdts they wanted to activate the account but I can’t log into their website anymore I’ve lost quite a lot of money

  6. Acabede perder mi dinero se perdió la aplicación o que paso
    I just lost my money the application was lost or what happened

  7. Now they say that you must recharge 500 usdt so that they can activate the withdrawals
    Ahora dicen que debes recargar 500usdt para que te puedan activar los retiros

  8. How do we get our deposits back? It is not possible to sue before the US Treasury Registration of November 2021 31000203407577
    Cómo hacemos para que nos devuelvan los depósitos? No es posible demandar ante el Tesoro de EEUU Regstro de noviembre de 2021 31000203407577

  9. can you please share the customer number with me..I would like to talk to them

  10. es septiembre de 2022 y se volvio a caer
    talvez esta tarde cambien de dominio, de nuevo, revicen si pueden entrar a sus cuentas cuando paygow cambie de dominio


    It’s September 2022 and it fell again
    maybe this afternoon they will change their domain, again, check if they can access their accounts when paygow changes domain

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