Review - Is Lentbitcoin.com crypto lending platform Legit and paying ?

From our research so far on this crypto lending platform,  we can boldly recommend this platform to any crypto holder who has little or no experience on cryptocurrency trading or minning to go into Lending as it does not require any experience before you can earn from your rentouts. also from my experience so far using the platform, there is no risk lending on this platform because all the rented coins are only borrowed to reputable and verified companies mostly who in return payback with interest.

THIS IS HOW LENTBITCOIN.COM RENT-OUT WORKS:

Lentbitcoin RENT-OUT platform works exactly  the same way banks give out loan to well reputable companies or individuals and in return they pay back what we called interest,  on RENT-OUT in this platform, you work as bank by renting out your cryptocurrency and earn the interest from borrowers  payback. You can rent out on this platform with either BITCOIN,  ETHEREUM or BITCOINCASH.

However, the RENT-OUT does not require verification  but BORROWING requires  verification.

This post is mainly for cryptocurrency Lenders who are interested on RENT-OUT in this platform and not for borrowers.
To get started,  first you need to register your account at  https://lentbitcoin.com/register    

Select A Package

Rent Out 3 (BETWEEN)

$1,000,000 - $10,000,000

Duration: 8 months

Verification: Not Required

Type: Rent out 

Earning: weekly

Interest: 70% pay back 

Get Started 

 

Rent Out 2 (BETWEEN)

$100,000 - $999,999

Duration: 4 months

Verification: Not Required

Type: Rent out 

Earning: weekly 

Interest: 50% pay back 

Get Started 

 

Rent Out 1 (BETWEEN)

$100 - $99,999

Duration: 1 months

Verification: Not Required

Type: Rent out 

Earning: weekly 

Interest: 30%  pay back 

Get Started

1 - After registration,  decide on how much you  wish to rentout (Minimium rent out is $100 while the maximium rentout is $10,000,000). The % you earn depends on how much you rented out. Please check the Packages above and see where the amount you wish to rentout falls on. After deciding on how much to rentout,

2 - Click on RENT-OUT from your dashboard,  select the package you wish to rent on and proceed.  The first package you earn part of the 30% of your rentouts while you earn part of the 50% in the second package and then part of the 70% in third package every week till each package duration month is completed.

3 - On the next page enter the amount you wish to RENT-OUT, select the currency you have to rentout which can be either Bitcoin, ethereum or bitcoincash and then click proceed

4 - The finally stage is where an address to send your payment  will be generated for you.  (Please be very careful on this stage, if you selected bitcoin as your payment method, send only bitcoin to the address generated for you, if you selected bitcoincash as your payment method, send only bitcoincash to the bitcoincash address generated for you  and if you selected ethereum as your payment method, send only ethereum to the ethereum address generated for you). Also on that page, the amount you are to earn weekly (I.e Part of your %) will be converted for you automatically to see how much you will earn weekly with the amount you wanted to rent out and will also show  you for how long or months your total earnings will take to be completed.


5 - The last box is where you submit your transaction  hash after payment.
Transaction hash are generated for you after you send payment from your wallet.  Be it bitcoin,  ethereum or bitcoincash.
If you can't find your transaction  hash,  just enter the exact amount you sent as transaction hash and submit after payment. after submitting, kindly go back to your dashboard and wait for your payment to comfirm. Payment normally takes between 10minutes - 1hour to comfirm, so kindly exercise patience during this period. Once your payment is verified,  you will see the fund reflected in your RENT-OUTS page by clicking RENT-OUTS from menu and it will show SUCCESS. Your rentout  starts counting from that moment till your payout.
You will receive your first pay out every week till the finally week your payouts will be completed.

Please if you have any question on this,  feel free to ask me anytime.

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Review - Traders Alliance scam or legit?

Traders Alliance (traders-alliance.com) is a forex investment solution which offers account management solution.  The funds are supposedly handled by experienced traders who have in depth knowledge about the markets.  They advertise returns of up to 3% per day.

While we were investigating this service, we were more than convinced about the fact that, this platform is a simple ponzi scheme which according to many HYIP monitoring sites is currently paying but however, there are many complaints from innocent investors who have lost their money to this dangerous scam.  

Read our complete review to find out all the reason because of which we are debunking them.

Company and Contact Details

Firms which are involved with account management services or any other type of financial undertaking has to be regulated and licensed.  

Traders Alliance represents an ICO which raises funds necessary for trading purposes from the public and the investors are promised a fixed predetermined dollar figure.  When we were trying to find any licenses they must legally hold, there weren’t any.

We have confirmed through FCA this firm has never been licensed thereby operating illegally.

Nevertheless these crooks have tried to appear genuine in front of the investors by featuring a registration document but that does not mean they are authorized.  The only contact detail provided on their platform is an email address.

Email – support@traders-alliance.com.

The support team of this firm can be reached via a contact form provided on their website.

How does Traders Alliance Work?

This firm is supposedly involved in trading forex in the OTC (over the counter) markets.  They state that since these markets are not so much affected by news as they are traded in the weekends, that provides them enough opportunities to earn significant returns.  

The volatility in the otc markets are too low and unless you have big enough capital, the profits are not worth it.  Their narration is absurd and they do not have any plan of action at all. We do not have a slight idea about what indicators or parameters are considered by them before entering a position and how the risk profiling is done in these kind of scenarios.

Considering all the information it certainly does not instill confidence among the investors.

Returns Promised

There are 3 investment plans offered by this firm  wherein for higher returns you have to commit your capital with them or long period of time or simply increase the starting deposit amount.  

This firm supposedly generates returns of up to 3% daily which may not seem much at first but it adds to a staggering 90% return on investment on a monthly basis which is more than what legitimate investment solutions can ever offer.  Simply put they are promising to double your capital every month which is impossible to sustain.

Affiliate Program

The primary motive of ponzi schemes is to maximise their earnings and in order to do that they have to grow their client base.  This firm encourages its existing users to refer people on to their platform. The affiliates are paid a percentage of deposits made by their referrals.  

Note that the affiliates need not be an active investor in order to get their commissions which is why many HYIP sites aggressively promote them.

Testimonies

There are a lot of reviews and comments from alleged early users put up on their website.  All the testimonies are as expected favorable towards them and contains screenshots or transaction details processed by this firm.  

There is no way to verify whether they are from real users or not but looking at the number of positive comments this service has got despite being an illegal company, it is most likely to be from bogus profiles.

Deposit and Withdrawal

The minimum deposit is  $1 and the minimum withdrawal amount is $0.1.  There isn’t any information about the transaction fees.  

This platform accepts payments from Bitcoin, Visa, Maestro, Mastercard, PerfectMoney, Payeer and advcash.  The withdrawals are said to be processed instantly.

Popularity

This service is operational for 266 days as of writing this review and claims to have 2,367 active users.  According to whois.com this domain was registered on 12/12/2017 and it expires after one year.

This website has a global rank of 1,003,372 and it ranks 122,116 in Russia according to alexa.com.

The majority of the users coming to this website are from Russia, Thailand, Ukraine and Bangladesh.

Is Traders Alliance a Scam?

Yes,

Their narration makes partial sense but at the same time they have involved enough technical explanation to overwhelm newbie investors which apparently might be the reason why many investors have already lost their funds.  If any account management services does not provide you with verifiable trading history, it is most likely to be a fake service.

Traders Alliance Review Conclusion

Traders Alliance might seems as a reliable investment company as their returns claims are not exaggerated or unbelievable but still they add up to significant number on a weekly or monthly scale.  

Remember all scams will have a very appealing manufactured back stories on their platform which is an effective trick used to trick you into thinking it is easy to make money trading the markets but ask yourself if they are able to generate returns which cannot be matched by hedge funds who have huge resources why would they offer their services for free?

Got scammed by Traders Alliance?  Let us know your opinion and feedback by leaving a comment below.

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Review - TriumphTrade.biz scam or legit?

TriumphTrade.biz is an all round investment platform which is said to trade every financial asset except cryptocurrencies.  This platform features many legal documents just like many other reputable investment firms and their website is very user friendly.  

The major red flag on this platform that caught our attention initially is the returns claims of over 200% per day which is enticing but unrealistic.  After we finished our investigation about this firm without any hesitation we can clearly say that it is a fraud operation which will meet a terrible ending like all the ponzi schemes.  

Read our full review to which will give you a clear perspective of this fake platform.

Registration and Contact Details

Firms which are involved with providing the general public with high risk investment projects are required to have special licenses from certain regulatory authorities.  

TriumphTrade.biz is an ICO which raises the capital required for trading from the public and in return the investors are promised certain amount of money depending upon the type of plan they chose earlier.  

While we were checking the legitimacy of this firm, we couldn’t find any legal documents which gives them the authorization to carry on the type of activities they are indulged with.  We have confirmed through FCA this firm has never been licensed and are operating illegally.

This firm has features a registration document on their website but do not get confused by that.  They have put up this document to appear genuine in front of the investors but that does not give them the right to trade on behalf of it’s clients.

Here are the contact details:

Address – 3rd Floor, 207 Regent Street, London, United Kingdom, W1B 3HH.

Email – triumphtrade.biz@yandex.com.

Alternate Contact – vip@triumphtrade.biz

How does TriumphTrade.biz Work?

This firm states that they are online trading specialists that provides online trading platform and advanced trading tools to private and institutional clients.  They are said to mainly focus on gold, bonds, forex, stocks and private investment funds.

The actual trading approach details are never discussed by them.  We have no idea whether they give more emphasis on technical setup and structure of the market or fundamental factors of the market like earning report, GDP rate, etc.  

They have completely skipped about risk management aspects.  In case you were wondering, they do not have any audited records to prove that they are cash flow positive.  Since there is nothing which can give assurance to the investors, it is better to stay away from them as they are not worth your time.

Returns Offered

To consistently generate profits from the markets you have to be dedicated and there is no push button system for this.  Anyone who claims to have a system which generates thousands of dollars per day on complete autopilot are most likely to be a scam.  

Take a thorough look at the plans this firm has to offer but always keep in mind that they are all fake.

Standard – 0.30% Daily for 3 Years

Advance – 2% Daily for 2 Years

Professional – 5% Daily for 1 Year

Special 1 – 105% After 1 Day

Special 2 – 110% After 1 Day

Special 3 – 115% After 1 Day

Expert – 8% Daily for 250 Days

Premium – 10% Daily for 180 Days

Signature – 20% Daily for 90 Days

Infinite – 30% Daily for 30 Days

Premier – 50% Daily for 7 Days

Prestige – 200% After 1 Day

Affiliate program

The longevity of a ponzi scheme depends upon their ability to find enough participant consistently to keep their scheme from getting collapsed.  In order to reach more people in an efficient manner these crooks offer an affiliate program wherein they provide incentives to anyone who helps grow their client base.  

The affiliates are paid flat 5% of the deposit amount made by their referrals.  Apart from the commissions the affiliates are also provided assistance with promotional materials which are designed to maximize their revenue.  As usual the affiliates do not have to be an active participant of the scheme.

Domain Popularity

According to Whois.com this domain was registered on 07/02/2017 and it expires on 06/02/2022.

This website ranks 33,281 in Taiwan and has a global rank of 852,725.

The majority of the users coming to this site are from Taiwan, India and Colombia.

Deposit and Withdrawals

The minimum amount required to get started with this platform is $10 and the minimum payout is $0.10.  The payments methods supported by this firm are Bitcoin, Western Union, Visa, Master Card, Payeer and PerfectMoney.  

We are not aware of any transaction fees and the time required for processing withdrawals is not mentioned by them.

Can I Trust TriumphTrade.biz?

Short answer No,

This firm is an unregulated entity which means the credibility and reliability factors are non-existent.  

On top of that they claim to be the best performing investment firm with no auditory records and not to mention their outrageous claims of 200% returns per day.  Considering all the factors we discussed above, this platform is without doubts not the one you want to trifle with.

TriumphTrade.biz Review Conclusion

TriumphTrade.biz is not at all involved in trading.  They provide in depth details and use technical words here and there to seem like they know what they are doing in front of the clients but rest assured there are all convincing tricks.  

If you go through their platform thoroughly, you will find that these criminals are so skillful in scamming people that there is nothing which can help us trace them.  Once you send the funds to them getting them back is just like catching smoke with your bare hands, you are guaranteed to lose it all. Learn to recognise opportunities which are too good to be true and whenever you encounter them, walk away from it.

Do you have any experience with TriumphTrade.biz?  How will you rate them, feel free to share your opinion by leaving us a comment.

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Review - Twelve for Twelve scam or legit?

Twelve for Twelve (twelve-for-twelve.com) claims to be an interesting and easy way of making money for everyday people by taking advantage of cryptocurrencies.  They also talk about coming up with their own tokens in the near future.

The headlining feature about this firm is the profit they are portraying to the potential customers which by the way is 12% daily for 12 days and it is renewable after that.  Their profit claims clearly blew their cover and points out the hypocrisy of their service.

To learn how to detect the frauds in the trading world and the reasons to avoid this service continue reading our comprehensive review.

License and Support

Firms which depends upon its clients for funds for investment purposes are supposed to have very specific licenses to do so otherwise they will have to face severe consequences for their actions.  

Twelve for Twelve represents an ICO wherein money raised from several investors are pooled together and used for trading cryptocurrencies, the profits are distributed in a way which is proportional to their initial capital.  Though we believed that this was unregulated we checked FCA which is the central authority responsible for overseeing the investment firms located in Uk but as expected there was no information about them.

This firm has put up their registration certificate and company number on their website which will trick majority of the newbies into believing that they are legitimate but that is not the case.  Just because they have registered their company does not mean they can start raising money from the public.

In case if you have any queries or need clarification on any matter, this firm can be reached through email, phone or a contact form, either way do not expect fast replies especially if you are complaining.

Email – investment@twelve-for-twelve.com

Address – 25 North Row, London W1K 6DJ, UK

Phone – 02033186478

How does Twelve for Twelve Work?

This firm says that they have access to some of the top miners in the sector who offer them Bitcoins at a bargain price which they later sell it out in the market for higher price thereby generating profit.  Does this narration make any sense to you?

No one will ever sell any coins if the profit margin is not big and even if they do have plenty of coins to spend around why would anyone give those coins to this firm instead of generating profits for themselves?  Mining involves a lot of expenses and it is literally impossible for any person to generate revenue like these crooks claim to do.

Cryptocurrencies have volatility which is unlike anything we have ever seen but that does not necessarily mean everyone who trades it will make a fortune.  Do not be gullible enough to trust their sloppy narration instead equip yourself with the right kind of knowledge before stepping into the trading arena.

Returns

Ever since the cryptos made their debut they had controversies and speculation around them but it reached new heights when it reached record highs in the early 2017.  Since the media showed all the people who became millionaires majority of the population is under the impression that it is easy to replicate those methods.

It took them years to reach that kind of financial position and regardless of what you do it is impossible to generate 12% ROI every single day.  Fast profits offered by them are just a way of luring the public and taking their money, be smart and say no to these sleazy shortcuts.

Affiliate Program

The degree of success each fake scheme gets depends upon their ability to stay under the radar of government authorities while expanding their user base exponentially.  To expand their scheme they offer an affiliate program in which enticing amount of money is given to the marketers who help this firm achieve their goals in terms of revenue.  

The affiliates are only required to send traffic through their custom link and whenever a lead turns into a customer they get paid 5% of the deposit amount.  There is multi-level referral program which means the revenue of the promoters can be further increased if they choose to recruit more marketers.

As you can sense already they do not incur any risk but all the expense are levied on the investor.

Domain Whereabouts

Though this website was registered just 3 months before they have marketed their service really well.  According to whois.com this domain was registered on 10/07/2018 and it expires on 10/07/2021.

This website ranks 2,830 in Switzerland and it currently has secured a rank of 318,669 globally according to alexa traffic ranks.  They use ad networking sites which is the main source of their traffic. Most of the users coming to their website are from the following geographical location Switzerland, Iran, Russia, Venezuela and Ukraine.

Red Flags

One of the main concerns regarding this firm is that they have not only chosen to operate without licenses but other aspects like transparency and integrity have also been compromised by them.  At least they could have featured the details of the fund managers showing their achievements for preferably the last 3 to 5 years.

Assuming that they really want to maintain low profile in this sector, if their strategy actually yielded results like they claim then why on earth are they refusing to come up with a free trial or revenue sharing model?

Twelve for Twelve Review Conclusion

Twelve for Twelve looks like a ponzi scheme.  Right now they have enough stream of new investors signing up to keep their loop going but inevitably the end will come.  

The very first thing every trader and investor should be mentally prepared for is the risk management aspect, enormous profits are appealing but they are unreal, learn to distinguish between reality and the false lies floating around the internet, by doing that you will not only earn consistent income but save yourself from losing a lot of money to rookie mistakes.

Do you have any experience with twelve-for-twelve.com?  Share your feedback with us by leaving a comment below.

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Review - Txiny scam or legit?

Txiny (Txiny.com) is a crypto investment solution which provides investment packages for all type of people regardless of their budget. This website reminds us of many HYIP scams we have seen in the past. These con artists claim to generate returns of over 1500% after just 30 days.

Unless you are a newbie investors who do not have any idea about trading, there is no way anyone can believe their outright fake return claims. Furthermore we found many false narrations on this platform which are designed to lure in innocent people and take their money. Read our full review to find out why you should never trifle with this platform.

License and Support Team

Txiny is an ICO which accepts money from a pool of private investors and according to the terms of the contract accepted by both the participants, the investors are supposed to get certain dollar figure returns on top of the initial deposit.

Companies which offer these type of services all over the world are required to hold proper legal documents failing which they will be put behind bars. While we were trying to validate the services provided by this firm, we were able not able to find any license which gives them the authorization to take money from the public.

There isn’t any information about this company on FCA database which means these scammers are just filling their bank accounts with clients money and are operating outside the law.

This firm claims to be a registered entity but on their website there is no details of registration or incorporation which proves that all their claims are just bluff. Here are the contact details of this company:-

Address – 2 Macklin Street, London, England, WC2B 5ND

Email – admin@txiny.com

How does Txiny.com work ?

This firm claims to offer most comprehensive opportunities for Bitcoin enthusiasts to invest in other best cryptocurrencies which will yield huge profits in near future. Narrative put up by them is nothing more than a vague prediction.

There is no individual firm or investment bank which can predict how certain assets perform in the future let alone profit from them. These so called traders and analysts have not talked about which indicators or fundamental factors they consider before executing a trade.

There isn’t any information on what type of risk aversion methods they have in place if the market crashes. We do not know for sure if these crooks are actually profitable because there simply isn’t any evidence to support anything they say, even the names of the people involved are not revealed. So why should an investor trust them when they do not uphold transparency ?

Returns Promised

Looking at the amount of returns this firm promises seems like everyone can earn billions without having to do any work except depositing in this fake platform but sadly that is not how the world works. Take a look at the investment packages they advertise, does that appear real to you ?

Plan 1 – 130% Return After 1 Day

Plan 2 – 200% Return After 3 Days

Plan 3 – 275% Return After 5 Days

Plan 4 – 370% Return After 7 Days

Plan 5 – 700% Return After 15 Days

Plan 6 – 1,500 Return After 30 Days

Referral Program

The amount of revenue a ponzi scheme makes it directly co-related with the number of investors who fall victim for their scheme. This company encourage its existing clients to refer people on to their platform and offers them assistance with their campaigns as well.

The affiliates are paid 3% of the cumulative deposits made by the investors they bring on to their platform. Note that the affiliates are not required to have an active deposit so if there is anyone at loss it will be the investors only.

Domain Popularity

According to whois.com this domain was registered on 29/12/2015 and it expires on 29/12/2019. This website has a global rank of 1,455,182 according to alexa.com. There are no registrant details available and we do not know the exact regions they are trying to target.

Depost and Withdrawals

The minimum spend is $10 and the minimum payout threshold is $0.30. E-currencies accepted by this firm are Bitcoin, Perfect Money, Payeer and adv cash.

They state that the transactions done with this platform are not associated with any fees and the withdrawals are said to be processed instantly.

Is Txiny a Scam ?

A deceptive one,

Txiny is a ponzi scam which basically matches the deposit value to withdrawal requests but eventually they will reach a point wherein they cannot sustain this scheme or these crooks are just happy with the money they have made.

Ultimately they will run away with your money sooner or later. Since this company is already operating illegally, there isn’t anything anyone can do about them.

Txiny Review Conclusion

Txiny promises investors with irresistible and tempting offers but remember there is no easy way to earn profits in the markets and if someone over the internet is promising to increase your account 15 times the initial deposit put your wallet down and run for the hills.

Everything about this firm is disturbing to say the least and lastly the support team of this platform will answer your questions and quires only till you spend money to them. Once they have the funds do not expect any kind of reply from them.

Have you been scammed by Txiny.com? Share your opinion by leaving us a comment

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