Cryptime Review: What is Cryptime.io? Scam?
You must be here because you were searching for the Cryptime.io reviews to find out either is Cryptime.io a scam or legit, what is Cryptime Limited in real and so on, right? If so, then you have landed in the right place because here, within our Cryptime.io review, we are going to reveal the truth about this company. So, let’s begin with our Cryptime.io review.
What is Cryptime.io? Either is Cryptime a scam or legit?
Cryptime claims to be a company engaged with Bitcoin mining and cryptocurrency trading, but in reality, it is a combination of two illegal schemes known as Ponzi and Pyramid schemes. So, definitely, Cryptime.io is a scam, there is no doubt on that.
Now let’s find out why is Cryptime an illegal company as below.
Cryptime login and join in link:- Cryptime.io (Not recommended to join, it’s a scam)
Why is a Cryptime Scam?
Cryptime is a scam due to the following reasons:-
- Aforementioned, Cryptime is a combination of two illegal scheme (Ponzi scheme and Pyramid Scheme) which already makes it a scam.
- Cryptime is a Ponzi scheme because it hasn’t any real source of income and just routing the money between the members to pay few members so that it can show those payment proofs to lure more people into its scheme. Since it doesn’t have any real source of income to make a real profit, so it can’t be sustained by paying all members due to which it will stop paying anytime soon in the future and the majority of members will lose money at the end.
- We can say Cryptime doesn’t have any real source of income because its business claim is completely bogus. It is claiming it can pay up to 0.54% hourly profit for a lifetime on the investment amount of members by investing in Bitcoin mining and cryptocurrency trading. However, none of the cryptocurrency miners or traders can guarantee to generate such amount of profit constantly from Bitcoin mining and cryptocurrency trading. It is not practically possible to guarantee such amount of return hourly by doing any kind of Bitcoin mining or cryptocurrency trading. So, this claim itself proves that Cryptime is lying about its real business.
- Cryptime claims to pay up to 3 level referral commission in an MLM format but without selling any real products or services, just on the sales of its Ponzi ROI plans. Any companies which pay multi-level downline commission without selling any real products or services fall into an illegal scheme category known as a Pyramid scheme. That’s why Cryptime is also a Pyramid scheme.
- Cryptime has shown the company registration document registered from the UK Companies House in the name Cryptime Limited, but don’t fall for that trick. That is not the license to run an investment company like Cryptime as well as it is very easy to register the company in the UK Companies House by providing the third party identities and virtual address. Many scam companies in the past had already tricked people by showing such UK Companies House registration document. If you want to know how the scam companies are easily registered from the UK Companies House, then you can click >HERE<.
Now it is clear that Cryptime is a scam. So, we have listed it in our Bad and Scams category.
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