Bitxine.io Review is Bitxine a Scam or Should I Invest

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BTCOnline.io Review

BTConline.io is a self proclaimed industry leading Bitcoin mining pool which is backed up by physical miners equipped with latest algorithms to make as much bitcoins as possible. This firm claims to have data centers across Europe, USA and China.

This service is pretty elegant and simple which is one of the main reason why thousands have fallen prey to this scam.

While we were investigating this service, we found a number of disturbing factors and some fake claims which makes us believe that this platform is nothing but a glorified ponzi scheme. This firm is operational for more than 3 months as of writing this review.

Continue reading our comprehensive and unbiased review to find out why you should never give your money to these scammers.

Company and Contact Details

There is no information about the creators behind this platform. Though we went through all the information put up on this website, there isn’t a single factor which helps to trace the identity of the actual creators.

If this platform was really legitimate why would creators maintain anonymity?

Any firm which provides the retail investors with investment opportunities have to be regulated in order to operate lawfully.

Btconline.io represents an ICO wherein money is raised from investors to purchase more efficient machines and for periodic maintenance of the mining farms, the investors are entitled to certain amount of money after predetermined time period.

Since this company fails to provide any sort of registration or incorporation details, we believe they are operating illegally and in certain way just looting the clients money.

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Here are the contact details provided of this firm.

Address – 2009 Pine Tree Lane

The only way to reach the support team is through email, remember their support team is painfully slow to address your needs.

How does Btconline.io Work?

This firm supposedly provides crypto enthusiasts who does not know much about the technicalities and difficulties involved with mining a way to earn bitcoin. They claim to have mining farms set up in Europe, US and China but there isn’t any credible proof to support their ownership.

The mining equipments they use and their current capabilities in terms of hash rate is not stated anywhere on their website. Looking at this whole platform, it is pretty obvious that they target people who does not know much about the bitcoin and encash their gullibility.

If you are an experienced crypto investor then you can easily detect all the lies on this platform.

What kind of returns can you expect to make with Btconline.io?

The type of returns you are supposed to get depends upon the type of contract you choose, your initial investment and the time period but nonetheless the returns are over exaggerated.

Here are the details about the mining contracts offered by this platform.

Basic

Deposit – 0.01 BTC

Earning – 0.0004 BTC per day

Aff. Commission – 12%

Platinum

Deposit – 0.9 BTC

Earning – 0.08 BTC per day

Aff. Commission – 40%

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Professional

Deposit – 0.5 BTC

Earning – 0.03 BTC per day

Aff. Commission – 20%

Enterprise

Deposit – 0.20 BTC

Earning – 0.016 BTC per day

Aff. Commission – 17%

Standard

Deposit – 0.05 BTC

Earning – 0.0025 BTC per day

Aff. Commission – 15%

Testimonies

Testimonies are a kind of social prove which instills trust and confidence among investors. There are a number of testimonies put up on this website wherein the alleged early users express their views about this firm and how it helped them earn significant returns on their investment.

Do not believe any of them as they are not from real users, they are all from fake profiles with a stock photo.

As you can see from the image above this person claims to have earned 155 BTC in 3 months. It is impossible to achieve these type of returns in such a short while. Ask yourself why would they put up fake testimonies unless they are trying to hide something from us?

Affiliate Program

To lure maximum people on to their platform in the shortest period possible they encourage the existing users to refer more people to this service. The affiliates promoting this scam are paid up to 40% of the deposits made by their referrals which is why many blogs and HYIP monitors are promoting this phony platform.

It is not mandatory for the affiliates to be an active investor to collect their commissions.

Deposit and Withdrawal

The only payment method supported by this platform is Bitcoin. Before you buy any plans from this platform remember that Bitcoin transactions are hard to trace which is why scammers love this currency.

They state that the withdrawals are processed instantly but sometimes can take manual approval from their side.

Domain Insight

According to whois.com this domain was registered on 04/4/2020 and expires exactly after a year.

This website ranks 3,743 in Brazil and has a global rank of 22,980 according to the data on alexa.com.

The majority of the traffic coming to this website are from Brazil, Philippines, Indonesia, Bangladesh and India.

Btconline.io Complaints

There have been heaps of complaints against this service on popular forums like Beermoneyforum.com. Hear what the real users are saying about this platform:

Really? I kind of had a feeling about that like “I bet when you hit that withdraw button, they’re going to require an upgrade”. Also they require a min of 0.006 btc to withdraw. That’s currently $38.00. Something not right there and somehow I don’t believe all these people are buying their upgrades like they claim. I also call bs on their reviews.

Is Btconline.io a Scam?

The returns offered by this service are all fake. Do not be gullible enough to trust any of their outrageous claims which are not backed up by any sort of credible proof.

Looking at this service and considering all the points discussed above, we strongly believe that they are not at all involved in actual mining activities.

CoinEx Review – is coinex.com scam or a good cryptocurrency exchange?

Trading Accounts & Conditions

Account type Min. Deposit / Withdrawal Leverage Taker fee Withdrawal fee
Standard 0.001 BTC/BCH/ETH N/A 0.1% 0.001 BTC

Founded in December 2020 with its headquarters in Hong Kong, CoinEx offers low-cost coin-to-coin trading in wide range of cryptocujrrencies . It appears this exchange focuses on Bitcoin Cash and also plans to launch its own coin, CoinEx Token (CET), in the near future. CoinEx also plans to build a decentralized exchange which uses CET as “gas”.

CoinEx Advantages

Low trading fees

CoinEx has a transparent fee structure, which always leaves a good impression. It charges only market takers with a fee of 0.10%. Those who provide depth for the market on the exchange, a.k.a. market makers, are not charged. Such trading fees are really low. By comparison, major exchange Bitfinex charges takers with 0.20% and makers with 0.10% per trade.

Solid number of altcoins

CoinEx supports the most popular digital assets, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and several other coins (Bytom, Bitcoin Candy ) . The most heavily traded pairs at the exchange currently are BTC/BCH, ETH/BTC and DASH/BTC .

N ice trading platform with advanced charting

The web-based platform provided by CoinEx s eems simple at first sight . Nonetheless, when you click on the “Charting”, you get a set of advanced tools, powered by TradingView. The trading pairs are arranged in three categories: BTC, BCH and USDT Markets. Here is a preview:

CoinEx’ s platform. Click on the image to zoom-in .

In addition, trading apps for Android and iOS will be developed soon .

CoinEx Disadvantages

F iat currenc ies not supported

F iat currencies, like US or HK dollar s are not accepted at CoinEx. Supporting fiat currencies is an advantage, especially for investors who don’t have any coins yet . Accordingly, the only payment methods accepted by the exchange, are blockchain transfers.

Although transfer fees at CoinEx are not as high as on other exchanges that also accept traditional money , these charges are not to be underestimated. Coinex does not charge deposits in digital assets, but withdrawals incur certain fees. Most coins are charged with 0.001 upon withdrawal. However, w ithdrawals in Bitcoin Cash, which seems to be the base currency on C oinex, are free of charge.

Min. deposit and withdrawal amounts required

T his exchange has set certain minimum amounts for withdrawals and deposits, which are not high, but are still sort of unpleasant and restrictive form user’s point of view. Here are the details:

No Margin trading

Like t most crypto-exchanges, CoinEx des not offer leverage d trading . If you need to gear up your rading on cryptocurrencies, you may check out what other exchanges, like Bitfinex, or Kraken, have to offer . Besides, you can also choose another option – margin trading in cryptocurrencies with forex brokers. Many of them offer CFDs on Bitcoin and other coins with leverage.

CoinEx is a newly launched cryptocurrency exchange that has rather ambitios plans, involving development of a decentralized exchange and its own coin. What we like about CoinEx is that it offers a solid amount of coins for trade with low fees on its advanced trading platform. However, it does not accept any fiat currencies and has set certain minimum transfer amounts, which we find a bit restrictive.

The only information on CoinEx’s website regarding the company that owns and operates the exchange , Coinex Technology Limited, is that it is incorporated in the United Kingdom and based in Hong Kong. Our research revealed that CoinEx was launched by Ch i n ese mining pool ViaBTC following the closure of its previous exchange on September 30th due to the Chinese cryptocurrency crackdown.

Like most similar platforms, CoinEx is not regulated, but this is currently the case with most exchanges worldwide . If you prefer to trade in Bitcoin and other altcoins via a regulated entity , we remind you that you can do that with forex brokers, many of which are reliable and properly licensed .

To sum up the advantages and disadvantages of CoinEx :

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