USDTMining is the latest cloud mining scam to hit the crypto world. The platform promises heaven but delivers hell. Those who have invested with the platform end up losing their investment. We must protect our readers from USDT Mining. The platform fails to deliver the projected income levels. With withdrawal blockades, investors have no way of contacting usdtmining.com for refunds. Here’s more in our comprehensive USDTMINING REVIEW.
USDT Mining claims to be a reliable investment and trading platform on the about us page. However, there’s zero information on the background and history of the platform. Additionally, we don’t know the parent company or entity that owns usdtmining.com.
And that should be the first red flag to spot on the platform. Next, an investment platform should come clean on who owns or runs it. Then, if it’s that successful, the owner ought to get some recognition from investors.
Sadly, the platform even has a dark-themed website which shows their lack of professionalism. Unfortunately, you don’t see dark-themed websites for online investing. We also spot some similarities with other crypto scams.
NOTE: Experts recommend that you join a proven crypto investment platform. It would be best to use tested crypto investment strategies that offer real results. These include coin staking. DeFi, and Masternoding.
USDTMining is one of the latest crypto scams to hit the market. With their insane expected profit margins, naïve investors flocked and signed up. Little did they know that the platform was a huge crypto investment scam.
There’s nothing linking the platform to any Blockchain or crypto professional. Furthermore, you will notice that the platform tries to keep things hidden from members. Therefore, navigation of the website is not easy, especially in the member area.
To invest wisely, you need to do due diligence on the platform to sign up. First, you must check with the crypto community or experts. Then, try and find out the experiences of other users before investing.
USDTMining offers four investment plans. These include Starter, Premium, Advanced, and VIP. All these plans come with defined features; what’s clear is that members get a guarantee. Yes, each account guarantees that you will make a certain profit margin.
Let’s take a closer look at these accounts;
Starter
As the name suggests, the accounts are best for beginners. The account guarantees 5 percent ROI within 24 hours. The minimum you can deposit is $1, with $500 being the absolute minimum deposit.
Premium
You get an account promising 10 percent ROI within 24 hours for the premium account holder. Now that seems like a plausible way of earning funds within a short time. The minimum you can deposit is $500 and a maximum of $1,000.
Advanced
With the advanced account, investors must deposit a minimum of $1,000 and a maximum of $3,000. You get a promise of making 20 percent ROI within 24 hours. Unfortunately, the vesting period is way too short for reality.
VIP
It’s the most exclusive plan, with members getting a promise of making 40 percent ROI. The vesting time remains the same, 24 hours. You have to make a minimum deposit of $3,000 and a maximum of $10,000.
What’s clear with these accounts is that the platform takes investors for a ride. The platform acts as a pyramid scheme where the profit earned is from the initial deposit. You will only withdraw part of your deposit before it all shuts down.
Another cause for concern is the short vesting period. Ask any expert, and the shortest crypto vesting period is three to four months. Any platform promising more than that takes advantage of you. And that’s why we have to expose the account features.
There’s no telling whether the platform invests in crypto mining or trading. That’s why we have to tread carefully. Such platforms ought to come clean and offer transparency to members. But, unfortunately, that’s not going to happen with usdtmining.com.
The platform offers a three-level affiliate and referral program. The platform offers this affiliate to members only to attract as many investors as possible. The commissions start from 10 percent to 2 percent for the third-level commission program.
You get a 5 percent commission as a second-level affiliate program. The platform does this to widen their trap. There’s no way you will ever get to withdraw the commissions. As a result, no affiliate has managed to earn a commission from the platform.
A huge trap appears to be a great way to earn passive income. The platform only wants to take advantage of your connections. But, unfortunately, once you direct close family and friends, you face the blame.
You won’t find any professional affiliate routing for the platform. Furthermore, no one wants to partner with a platform that blocks withdrawals from its own members. In short, we are dealing with a pyramid scheme.
There’s little information to show who owns or runs the platform. And this is why we have to expose the platform’s callous ways. For example, despite claiming to reside in London, there’s no business registry of such a platform.
You also won’t find any information regarding staff members. So there’s little information to point to who owns or runs the platform. And this makes USDTMining an anonymous crypto investment platform.
Hundreds of clients have lost funds with the platform. Mary A Gilbert is one such victim. She deposited $3,000, hoping to make 40 percent ROI every day for ten days. After ten days, she was shocked as she couldn’t access funds.
The platform blocked access to her account, citing several reasons. These include her bank account not accepting the platform’s system. These are excuses meant to drive a wedge between the member and the platform.
You will notice that the platform fails to offer any direct support. There’s no live chat support where one can contact staff members. On the contact page, you only get a message board where members are to leave their messages.
From what we can see, the platform doesn’t want interaction with members. The platform wants to limit communication to written form. That’s another way to keep you guessing as to who owns the platform.
There are several deposit and payment options available on the platform. These include bank and wire transfers. The platform will insist on crypto deposits thanks to its anonymous nature. You shouldn’t deposit a dime with the platform.
Withdrawing funds from the platform is next to impossible. No one has managed to withdraw funds from USDT Mining. The platform will move in circles before deleting your login credentials.
The Financial Conduct Authority does not regulate USDTMining. However, you would expect the FCA to regulate the platform since it claims to reside in the UK. Without any regulation, the platform will induce harsh investment conditions.
Avoid investing in platforms that fail to get any license from regulators. Those who have invested with the platform ought to forget about withdrawal. There’s no proof of anyone withdrawing from the platform.
After exposing the platform’s weakness, usdtmining.com wants to take investors for a ride. So please stay away from the platform or risk losing your investment like Mary.
PS: You should invest in proven crypto strategies that produce real results. Join transparent investment solutions to foster your growth.
Feel free to drop a comment or email us with any queries.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments