What is Chest Wallet? Is ChestWallet.com Scam or Legit?
If you are searching for the Chest Wallet reviews in order to find out what is ChestWallet.com or either is Chest Wallet a scam or a legit, then here is the straight forward short answer for you.
Chest Wallet is a Ponzi scheme, which means it is neither a legal, nor a sustainable company. Ponzi schemes only pay at starting to gain the trust of people so that they can collect more investment from those people. But, sooner or later, Ponzi schemes will stop paying all of sudden without any notification. That is why Ponzi schemes are illegal. If you want to find out more details on Ponzi scheme, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
If you want to find out why Chest Wallet is a Ponzi scheme, then you can find the details within our Chest Wallet review as below. But, if this short information is already enough for you and now instead of finding out more details on Chest Wallet, if you want to find out the paying online works and businesses to make money online, then you can find the list of paying, legit and top online work companies by clicking the respective links as below:-
List of Good and Trusted Online Works and Businesses:-
List of Promising (paying, but risky) Online Works and Businesses:-
Detail review of Top Rated Company, WA:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let’s begin with our ChestWallet review in detail as below to find out what is ChestWallet in real and why is it a Ponzi scheme.
Chest Wallet login and join in link:- ChestWallet.com (Not Recommended to join)
What is ChestWallet.com and why is it Ponzi scheme, an illegal scheme?
Aforementioned, Chest Wallet is a Ponzi scheme because it’s business model is completely unsustainable and illegal. ChestWallet.com claims to pay upto 0.17% hourly (4.08% per day) forever on one time investment by using the investment of members in cryptocurrency mining and trading which is a big lie because none of the cryptocurrency mining or trading can guarantee the constant rate of return and that is also 4.08% return per day. Any cryptocurrency experts can identify this is a complete bogus claim. The only verifiable source of income in ChestWallet is the investment of affiliates which makes it a Ponzi scheme.
You can think yourself. If any company can make real profit to pay upto 4.08% daily, then why that company need to collect the investment from several people in first place because if the business of that company is legit, then that can simply take a loan from a bank in less than 1% monthly interest rate. But, why ChestWallet wants to pay 4.08% daily by collecting the investment from several people instead of paying 1% monthly? So, the business model of Ponzi scheme like Chest Wallet doesn’t make any sense.
ChestWallet.com hasn’t provided any information about who and from where is operating the ChestWallet within its website and also has hide those information within WHOIS detail. Hiding owner details itself proves it is a scam because none of the legit online works or businesses need to hide their owner details. However, Chest Wallet has provided the UK Companies House registration document as its legitimacy proof which is another big lie because that is not a license to run an investment company like ChestWallet, but just a registration for a tax purpose. Anyone can register company in UK Companies House by paying only 20 GBP and renting address from virtual address services. Yep, the address which ChestWallet.com has provided as its company’s address in that registration document is not its company address, but just an address which it has rented from virtual address services just to register company in UK Companies House. In the past, there were tons of Ponzi schemes which had done such registration and now have already turned into scams. So, that proves having such document is not a proof of legitimacy, instead just an old trick to lure people in an illegal scheme.
Actually, we can go on and on, but we don’t want to provide further proof to prove Chest Wallet is a scam site because we have already provided enough proofs and on top of that now ChestWallet has already turned into scam, means now it has completely stopped paying. So, if some site has already stopped paying, then we don’t think we need to provide various proofs to prove that is a scam site. That is why we have listed Chest Wallet within our Bad and Scam Online Works section and that is why we don’t recommend it.
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