A recently launched investing program came to life in order to serve as a response to high demand for “Modern” money making solutions. People are looking for programs that return money on their investments so that they don’t have to work. So this is why the market has flooded with very low quality Ponzi schemes, masked as investing giants.
Is this program any better than the competition?
Inside “My Paying Coins”
They say…welcome to MPC
- Invest in the dynamic and highly profitable cryptocurrency markets. The investment vehicle of the future.
- World economies are burdened with debt and other social issues.
- Bank interest is at historical lows and they do not serve your best interest
- Let our professional traders and portfolio managers to do the work for you.
- We will research, trade and mine. You will profit, it’s that easy
- Hot currencies like bitcoin, Etherium, Z cash with a click of a mouse
- Mine without complications of setting up your own mining rigs
- Withdraw funds 24 hours a day, 7 days a week, as many times per day as you wish
- DDoS Protection
- SSL encryption
Super Best Single Plan
5% daily for 30 days, minimum deposit $5, max $5,000
Referral commissions 5%
Perfect Money, Payeer, bitcoin
- Total members 275
- Running days 16
- Total deposits $5900+
- Total withdrawn $1500+
Taken from the website
…””MyPayingCoins.com is an investment company formed in the United Kingdom in 2016. We are a group of individuals with a diverse range of qualifications. Ranging from the Computer Industry to the Finance Sector. Our aim is to maximize profits and earnings for our investors, using the entire spectrum of the cryptocurrency trading and mining operations.
We have spent months researching the best of the best in the industry. We will utilize professional trading firms, lease mining hashpower, and we are in the planning stages to buy our own mining hardware. Be assured that you are dealing with professionals that are experts in many industries. Your investment and personal information is safe and in the best hands possible.””
I feel secured, 1%, waiting for the rest 99
FAQ – Important
- Interest Calculation is acquired Daily and credited to the available balance at the end of each day
- Is there a possibility to lose money?…There is a risk involved with investing in all high yield investment programs. Please do not invest more than you can afford.
- Who manages the funds?…These funds are managed by a team of MyPayingCoins investment experts.
At least this company is clear about the risk involved with all HYIPs. Not many companies do that.
This is where the official website has nothing more to display. Do we deal with professionals?…is this a team of cryptomining experts?…far from it…
Registration – Legal Documents
MyPayingCoins LTD Company No. 10474970. Indeed, inside the companies house I found that company listed under the same number. The following address 6a Woodberry Grove, London, England, N12 0DR refer to the companies offices. The name Wayne Raymond appears in the secretary position.
Owners – Domain
A whois search uncovers the registration date for the domain mypayingcoins.com, late October 2016, the owners are hiding from the public using privacy protection.
This is another HYIP that has nothing to contribute for the investing and cryptocurrency industry. I can see only luxurious promises.
Who are the members of that trading and mining experts team?…Who is the owner?…Where are the facilities images?..Where is the blog department with free information on crypto mining and trading?…Where are those portfolio managers?..With which companies and firms do they co-operate and why?…The catalog of questions can go on forever here.
This is not how legitimate companies enter the market. My Paying Coins just created a beautiful website and immediately they are seeking for investors. A legit company would enter the market in a whole different way. During the first months they would provide valuable information regarding the industry and their vision. They would try to climb up the search engines rankings, they would build a social media following and then they would try to reach the first clients by showcasing their work and their results while trading with their own funds.
Here I believe we deal with yet another Ponzi HYIP that will use affiliates and their investments as a vehicle for their own success. In that schemes all money coming in is funds from affiliates who invest in the expectation of the 5% daily ROIs. Newly recruited members pay off existing users. Once recruitment slows down the Ponzi structure collapses leaving the vast majority of participants with a loss.
Only the anonymous owners and a few friends / earlier investors might escape with minor profits. Have in mind, they can do whatever they want with your money. No one can guarantee you the extremely high 5% daily ROIs. If that was the case anyone would be a millionaire in a matter of a few months.
Proceed with extreme caution and do not invest more than you can easily afford to lose.
How to Make Money Online the Right Way
Investing programs like MyPayingCoins are very risky and therefore I do not recommend them. Besides if someone makes money it is on the expense of other affiliates. I am fan of the traditional way, where you have to work in order to succeed
If you are willing to work hard then the most newbie friendly business model is by far affiliate websites. This is how I started 2 years ago and I turned a single site into a resource of multiple income streams. Long term potential, no risks, minimum startup costs, endless opportunities
That’s it, another review has finished, here on Web Market Suppoort. I am waiting for your comments and thoughts. Till next time, your online partner.
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