Caution! Securecryptomining is an offshore company! Your funds may be at risk.
Securecryptomining Key Features
🔴 Securecryptomining services are downright unbelievable – a warning sign!
🔴 Securecryptomining is under no regulatory oversight – a red flag!
🔴 Securecryptomining is not transparent and forges all its contact information – a red flag!
🔴 Securecryptomining creates irrational expectations – a red flag!
Securecryptomining Products and Services
Securecryptomining is another company that claims to provide access to a crypto mining service with incredibly high return rates – in other words, Securecryptomining is another scam! This is because there has been a surge of companies trying to con the average crypto investor who does not know enough about the markets to tell whether what they are promised is even possible. And these scammers have been making a killing off their victims, due to the fact there has been a lot of interest into the crypto market. However, there has not been a lot of knowledge of how the assets themselves work – so the possible marks for these scammers are more than ever. Therefore, firms like Securecryptomining offer investment plans with similar returns:
There is no way that Securecryptomining, or anyone else can achieve such a high profit as a 50% of your deposit within a day! And if it were possible for Securecryptomining to do so, please consider the fact the company would not be out there, selling its services to random people online – it would have invested its own money and become rich beyond imagine. The fact it has not done so means it is just another HYIP scam!
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can’t happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you’ll be at risk if you deposit.
That being so, it’s worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
Securecryptomining Company and Regulation
Securecryptomining is not a licensed firm, nor is it regulated in some capacity. This is another common scam sign – watch out for unlicensed firms and stick to legitimate ones to avoid getting conned!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients’ funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients’ money can’t be exposed to unnecessary risks or stolen. However, it’s worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you’ve wasted money on potential scams like the one under review. And you’d better avoid unregulated investment businesses at all times.
Securecryptomining Address and Contacts
|Address:||11Co Meath C15 T26E 14 Mullaghaboy Industrial Estate, Athboy Road, Navan|
Securecryptomining claims to operate from Manhattan, when it does not hold a license within the US – therefore, the firm lies about its address. This is common for scammers, who do not wish to be discovered and sued by their victims – so you need to avoid firms that are not transparent!
When it comes to investing, transparency is crucial as you should know who’s running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can’t reach anyone over the phone given, can’t validate the addresses or can’t in any other way prove that the investment provider has the authorisation to offer financial products.
Securecryptomining.org Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-12-19|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Securecryptomining Safe?
Securecryptomining is not safe in any capacity! Stay away from the firm and stick to licensed investment firms to avoid getting scammed!
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can’t flourish in a strong regulatory environment, so you’d better think twice before you’ve deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country’s regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that’s why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually 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 said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer.