We all can agree on one thing that Cryptocurrency is great when played with by the right hands... But we have a problem Crypto friends - a huge problem - Cryptocurrency Investment and Cloud Mining Fraud are absolutely rife on the Internet as of Today... Period... Get it through to yourself today, newbie or not, right now... That you are going to follow this simple advice, as we need to stick together to stop this.

Okay first off I have been actively investigating Cloud Mining and Crypto Investment websites and associated companies for just over twelve months, more or less since the popularity of these services, supposed profit factories, started to really take off - I have one simple rule that starts a process that snowballs into a conclusive answer as to whether or not a company is dodgy and possibly to even definitely on the fraudulent side... I start of with this...

1. Have I heard of the company before?

If not it is at that point a mini-investigation starts as to who the company is. Do they have contact details, is the company registered and is the company accredited with industry standards?

Are there ANY reviews of the company... Best places to find real reviews are Beer Money Forum, Reddit and Trust Pilot. 

There are various Scam Report websites also you can check. 

Does the company have a solid terms of service, does the company have a headquarters or offices, and does the company have the equipment they say they have - ref: Cloud Mining.

With this comes the next part... 

2. Contact the company. 

This is absolutely imperative... You MUST contact the company via email and ask them a few questions. 

Ask for... 

a. A copy of the company Insurance Policy that insures them financially and yourself.

b. A copy of the contract to look over and check out before you purchase any investment contract in the case of investment and the contract of mining investment and the contracted percentage of profits in the case of both Cloud Mining and Investment. 

c. Ask for proof of equipment. You want to see the technology - you would not blindly buy a television - so don't blindly invest any money into a product that cannot prove it is actually a product... Be smart, ask them for a virtual tour, a WhatsApp tour or for a photo of your name held next to the equipment.

After you have contacted the company, all you need to do now is wait for a reply. 

If the company cannot perform all of the above, start trying to avoid the questions or come back with silly answers - especially typed out in broken English without ANY company literature attached to the email - stay the heck away!

Seriously... The plague of crypto fraud that has hit the Internet during 2020 is something else - many of these companies have very similar websites with similar if not the same layout, full of grammar and spelling mistakes. They may profess to have company registration in the UK... This is quite often the identity of a very real company, but not the company that is trying to basically scam you. They may have stole the name. 

For example - I was dealing with one Cloud Mining company (first one I ran into that started my whole employment in fraud investigations) This company stole the details of a legitimate Pharmaceutical Organisation that had a business startup and investment program. This company would have got away with thousands of dollars in crypto investments into Cloud Mining if I had not taken the decision to look further into the company registered on the document plastered all over the fraudulent company website.

Brazenly - One fraudulent gang is seemingly operating very quickly to snap up dot whatevers and throw out new sites as they close one down - there are dozens of them - when you see these sites and look a little deeper you will start to see the similarities.

They offer crazy discounted products with very high interest rates and profits. Some offering a staggering 10,000% profit on large investments... Just think about that for a moment... And think just what if this company truly has thousands of investors... Then they are shelling out more profit in a month than the whole of blinking NASDAQ. 

They will state they have thousands of members (fiddled with stats), may have a fake marquee scrolling through live payments and investments. They will almost certainly say they pay their customers - why would they have to say that? Been accused of fraud or been involved in fraudulent activity before? 

So do yourself and me a favour over the next few weeks - Do NOT invest any Cryptocurrency or cash into ANY website offering profits if you HAVE NOT heard of the company before... The likelihood of you losing crypto to a criminal Ponzi Scheme is very very high. 

There are many here at PublishOx that can advise you... And if you do suspect a company, hit me with a link in the comments... I will endeavour to get you an answer where I can. 

Good investment opportunities are well known to investors. Companies such as StormGain, NEXO, Coinbase, Binance, Crypto.com, for example - Big companies that have many years of experience and trading, backed by insurance and a wealth of real and proven protection and customer service, and a raft of contact options, product proof and thousands of loyal customers.

Be very vigilant... Stay aware.

Check out my sponsor and grab a $5 starter from HoneyGain - Get paid and receive daily bonuses for your spare Internet Juice. Paid via BTC direct to Wallet or payment by PayPal.