BTCPool.io Scam Alert! Save Yourself From It
Yes, of course, BTCPool.io is a scam. Now maybe you are thinking why is BTCPool a scam, what makes BTC Pool a scam and what is BTCPool.io in real, right? Well, you can definitely find the answer to these queries in our BTCPool review here. So your search for BTCPool.io reviews ends here. OK, let’s begin with our BTCPool.io review.
What is BTC Pool in real and why is BTCPool.io a scam?
BTCPool is a scam due to its illegal and unsustainable business model known as a Ponzi Scheme. Yes, you heard us right. BTCPool is a Ponzi Scheme, not any cloud mining company as it is claiming to be. Now maybe you are thinking how we know that it is a Ponzi Scheme. Well, let’s find out about that within our BTC Pool review below.
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BTC Pool login and join in link:- BTCPool.io (Not Recommended to join, it’s a scam)
Why is BTCPool a Ponzi Scheme?
BTCPool is a Ponzi Scheme because it is lying that it is making a profit by mining Bitcoin but in reality, it hasn’t mining farm anywhere in the world. Actually, it is not making any profit from anywhere. It is just routing the money between the members, means paying one member using the money invested by other members and that is also just to show the payment proofs so that it can trick lots of people to invest lots of money. When it collects the huge amount of money, it will just run away with that either by stop paying the members or simply by shutting down the site.
BTCPool fails to provide the physical location of its mining farm which proves it is not mining Bitcoin anywhere in the world. Not only that, it has also not revealed who and from where is operating and running this site. It has concealed that information within WHOIS as well. There is no reason for any legit company to hide such details. Actually, only the owners of scam companies are found to be hiding their identity.
You can also do the reality check. It is practically not possible for any Bitcoin Mining company to generate such a huge amount of profit which BTCPool is claiming to pay its members. It is claiming to pay up to 0.0175 BTC per day just by investing 0.17 BTC, which means members can get back their investment amount within 10 days and can double their investment within 20 days and triple their investment within 30 days and so on which is practically not possible by mining Bitcoins. Real cloud mining companies like Genesis Mining never can guarantee such an unrealistic rate of return.
Actually, we can point out lots of things to prove BTC Pool is a scam. However, we have already provided lots of details about this company which is already enough to prove BTCPool is a scam. So, we have listed BTCPool within our Bad and Scams category.
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