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What is Crypto Daily? Is CryptoDaily.io a Scam or a Legit?
If you were searching for the CryptoDaily reviews in order to find out either is Crypto Daily a scam or a legit, overall about what is CryptoDaily.io in real, then your search ends here because here, within our CryptoDaily review here, we are going to provide you the complete truth about CryptoDaily. Actually, we don’t recommend anyone to invest in CryptoDaily.io because it is neither a legal nor a sustainable company. In order to recommend any company, the first thing we consider is the legality and sustainability of the company. For example, you can take a look at our list of recommended online works and businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among those recommended online works and businesses, we have rated Wealthy Affiliate as a No.1 online work company. If you don’t know what is Wealthy Affiliate, then you can find our detail review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let’s begin with our Crypto Daily review as below in order to find out what is CryptoDaily.io in real.
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CryptoDaily login and join in link:- https:// cryptodaily. io/ (Not Recommended to join)
What is CryptoDaily and why don’t we recommend it?
CryptoDaily is absolutely a Ponzi scheme which is an illegal and unsustainable business. None of the legit company will pay 13% daily forever on one time investment and those who claims that, always turn into scam. There were many sites in the past with same format of CryptoDaily which has been already turned into scam.
Let’s think generally. To take a loan from a bank, we don’t have to pay more than 1% interest rate monthly. Although it is difficult to take a business loan in the name of the company, but it is not difficult to take a personal loan or just to make a credit card. So, if someone can generate 13% daily like Crypto Daily is claiming, then why they need to collect the investment from several people and pay them such a high rate of return, 13% interest rate daily instead of taking a loan from a bank in less than 1% monthly rate. If they take a loan from a bank, they can make much more profit and even can back that loan amount within 8 days and after that just can multiply their earnings using the profit amount. So, why aren’t they doing that? Why are they collecting the investment from several people and paying them 13% interest rate daily and forever? It is simply because they are not what they are claiming to be. They don’t have any system to make 13% daily forever. They will just pay at starting to few members using the money invested by other members and that is also only to show the payment proofs so that they can lure more people into their scheme. Once they able to collect the enough amount of funds, they will just stop paying completely which can happen anytime, even just after the day when you invest money into the company. This is exactly what is known as a Ponzi scheme and this is the reason why Ponzi schemes are labeled as illegal in many countries.
Oh, may be now you are thinking how CryptoDaily.io can be illegal when it has registration document in the name of the company from UK Companies House.
Well, it is not difficult to register company in UK Companies House and no one can catch them through that document if they do something bad because anyone who can pay 20 GBP can simply register company in UK Companies House by providing the fake address, means by renting address from the virtual address services. Yep, the address which CryptoDaily is showing is not a real address of its office, but just a rental address. More than that, even that registration document is not a license to run an investment company like CryptoDaily, but is just a registration for the tax purpose. There were tons of sites having such UK registration document and the business model same as CryptoDaily, which were already turned into scam. So, it already proves that having such document can’t stop anyone from scamming people.
If you check the official website of CryptoDaily and its WHOIS detail, you can’t find any information about who and from where is operating the Crypto Daily. Whole information about the owner and the real address of the company is completely hidden which is definitely not a good sign when we are dealing with investment companies like CryptoDaily. So, we don’t recommend anyone to invest in CryptoDaily.
If you want to know more about the illegal schemes like Ponzi, Pyramid, and so on, then you can find that by clicking this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
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