What is CryptoTrade.ws? CryptoTrade Scam? – NOI

CryptoTrade claims to be a company making a profit from cryptocurrency market. It claims it will use the investment of members in cryptocurrency market and make a profit and pay them up to 2% daily ROI for 150 days, which makes 300% return in 150 days. However, it is completely bogus claim because none of the experts in cryptocurrency market can guarantee such continuous rate of return for a fixed period of time. Cryptocurrency market is very volatile and there is a very high risk to lose money. No one can make a continuous profit in cryptocurrency trading.

Well, let’s think in another way. If some company can make enough profit to pay up to 2% daily to their investor then why that company needs to collect the investment from several people in the first place. Any company which can make such profit can simply take a loan from a bank at a much more lower rate, less than 1% monthly and invest in their project to make a profit. Even if they can’t take a business loan, what about taking a personal loan or using the credit card money? So, the companies like Crypto Trade always fail to pass this logic test and prove itself to be a scam.

OK, let’s find out more about CryptoTrade.ws as below.

We already explained you a little bit from which you will get to know why is Crypto Trade a scam. However, let’s find out more about this company.

Companies like CryptoTrade.ws are actually illegal companies. These types of companies are known as a Ponzi scheme. If you don’t know what is Ponzi scheme, then you can find the details on Ponzi scheme by clicking this link:- newsonlineincome.com/ponzi-scheme/

Ponzi schemes are not only illegal but unsustainable as well because these kinds of companies only pretending to have a real source of income but in reality, they don’t. These kinds of Ponzi schemes actually pay only a few members at starting by routing the money between the members so that they can show the payment proofs and lure more people into their scheme and run away with the big amount of money. This is same in the case of Crypto Trade because although it claims to make a profit by investing in cryptocurrency market, it fails to provide the proof to support its claims. So, these kinds of schemes when pay one member, they use the investment of other members due to which they will add the debt into the system equal to the profit amount that they pay to certain members. In this way, the debt will be kept on increasing day by day and ultimately the whole company will be collapsed.

These kinds of companies never reveal the real information of their ownership. If you check the WHOIS details of CryptoTrade.ws, you will come out empty hands because you can’t find out any information about who and from where is operating and running CryptoTrade as those details have been hidden within WHOIS. None of the companies which provide real owner details need to hide their owner information within WHOIS. So, this proves that CryptoTrade is not providing its real owner details which is a big warning because, in online business industry, none of the legit companies hide their owner details, only scam companies do.

Actually, you can find 1000s of these kinds companies whose only intention is to scam. 1000s of similar kinds of companies in the past have already scammed millions of money from several people. Legal authorities have already issued the warning to stay away from these kinds of sites. Actually, it is a crime to operate and promote these kinds of businesses.

Now it is clear that CryptoTrade is a scam, so we have listed it within our Bad and Scams category.

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Good Luck!