What is CryptoWorld? Is Crypto World Scam or Legit?
If you are searching for CryptoWorld reviews in order to find out either is CryptoWorld a scam or legit, then you have landed in the right place. From our Crypto World review, we are going to reveal the real truth about it. Actually, CryptoWorld is Ponzi Pyramid hybrid, means illegal company. So, we don’t recommend it. If you want to find out why we are saying it is an illegal company, then you can find the details as below within our CryptoWorld review. But, after finding out CryptoWorld is an illegal scheme, if you don’t want to find out more details on it, but instead want to find out the legit online work and business opportunities, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, now let’s begin with our CryptoWorld.biz review in detail in order to find out what is Crypto World in real and why it is Ponzi Pyramid hybrid.
CryptoWorld login and join in link:- https://www.cryptoworld. biz/ (Not Recommended to join)
What is CryptoWorld.biz and why don’t we recommend it?
CryptoWorld is a world of Ponzi and Pyramid, so joining Crypto World is saying hello to the world of Ponzi and Pyramid schemes. Oh, if you don’t know what is Ponzi and Pyramid scheme, then that is neither a legal, nor a sustainable business. So, CryptoWorld is a bad company which is not online to pay for long time, but only online to pay at starting for few days or months to lure more people into its scheme so that it can collect the huge amount of money from several people and run away with that money.
You can find more details on Ponzi and Pyramid schemes by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
None of the Ponzi schemes are sustainable. Even if the owners of Ponzi schemes try to make it sustainable, then also they can’t because in Ponzi scheme they claim to pay the huge amount of return, such as CryptoWorld.biz is claiming to pay upto 7% daily for 30 days or flat 300% ROI within 30 days, but none of these Ponzi schemes have any source of income to cover the profit margin which they need to pay to the members. So, in order to pay one member, Ponzi schemes use the investment of other members, means to pay 300% ROI to one member, they will use the money invested by another 2 members. So, each time they pay 300% ROI to their members, they create 200% amount of debt into the system.
Yep, CryptoWorld has claimed that they will use the money of members and make real profit by investing that money in forex exchange trading, cryptocurrency trading and mining, but any expert traders can find out that is a bogus claim because none of the forex exchange or cryptocurrency trading can generate such huge amount of profit constantly, neither a cryptocurrency mining can generate that. Even they have only claimed those things, but haven’t provided any proof to support their claim. After all how they can show the proof if they haven’t. But, even if they show the proof, then also their claim is still bogus because if some company can generate upto 300% ROI within 30 days, then why that company wants to collect the investment from several people and pay them back 300% ROI instead of just taking loan from a bank in much more lower rate. From bank they can take loan in less than 1% interest rate monthly. So, if they take loan from a bank, they can make much more profit for themselves. But, instead of that why they want to pay other such high rate of return by collecting money with them? So, their business model doesn’t make any sense and proves itself to be a scam.
CryptoWorld.biz hasn’t revealed the owner name and the company address within its website and those information are also hidden in the WHOIS details. Yep, we agree that they have provided their company address with company registration document which belong form UK Companies House. But the address which they have provided is not their real address, but the address which anyone can rent from virtual address services in order to register company in UK Companies House. That registration document which they have shown within their website is not the license to run an investment company, but just a registration for the tax purpose which is very easy to register. If you can pay 20 GBP, then you can easily register company in UK Companies House just by providing virtual address. There were tons of companies similar to Crypto World which use to have such registration document from UK Companies House, but now lots of them have already turned into scam which proves that having such document can’t stop anyone from scamming people. Besides that document, they haven’t provided any information about who and from where is operating the website. In online work and business industry, hiding the owner details is taken as a scam move because none of the legit online work companies hide their owner details, only scam companies do.
CryptoWorld also claims to pay referral commission upto 3 levels of referrals on the sales of its ROI Ponzi plans. So, any companies paying referral commissions upto 3 levels of referrals like MLM companies, but without selling any real products or services, just on the sales of ROI Ponzi plans, fall into another illegal scheme known as a Pyramid scheme. That is why CryptoWorld is a combination of Ponzi and Pyramid schemes, or we can say Ponzi Pyramid hybrid, a complete illegal company. That is why we have listed it within our Not Recommended sites list.
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