Payinstant Coin (payinstantcoin.com) is an investment firm which supposedly generates returns of up to 500% per minute. The returns claims are utter lies used to catch the attention of newbie investors.
At the first glance of this service we were convinced that this platform is nothing but a HYIP scam. The amount of misleading information is just intolerable.
If you are considering to open an account with them then read our full review to find out why we urge everyone to stay away from these faceless scammers.
Company and Contact Details
After we took a through look at this service one thing we found verypeculiar is the fact that, the creators behind this platform have maintained absolute anonymity. There is not even a clue about the whereabouts of them. These criminals are working anonymously just to avoid criminal prosecution.
The companies which raise money from the public and in return provides with fixed amount of money are required to be regulated by certain authorities depending upon their location. While we were trying to validate the services provided by this firm, we were not able to find any licenses they must lawfully hold.
We have confirmed through FCA Payinstant Coin Limited has never been licensed which means they are operating illegally.
There are some details of the address put up on their website which is done only to appear legit in front of investors who do not have much knowledge about this sector.
Address – 388 Euston Road, London, NW1 3BH, UK.
The only contact detail provided on their website is an email address.
Email – firstname.lastname@example.org
Seems like these crooks did not have enough budget to hire the support staff. Investment firms will never operate without a support team in place to provide assistance to the clients, it is only fradulent companies like these which does not care about customer experience.
How does Payinstant Coin Work?
We have no idea about how the funds raised are allocated. We do not know which factors creates a trading bias and the risk management protocols they have employed.
We are only told that the trades are automatically executed by their software. There is no assurance about the accuracy rate of the software.
Since the crucial factors of trading are not discussed we believe that these criminals are literally looting the clients money. Any person who has traded before in their life will never indulge with this firm for any reason.
What kind of returns does Payinstant Coin offer?
Earning money on complete autopilot while you are doing something you love sounds very enticing but stop and think for moment if this platform really worked, why would they offer it to the public for free?
The returns advertised by this platform are absolutely ridiculous. The 3 investment plans offered by this firm are
500% after 1 Day
Minimum Deposit – $50
Ref. commission – 3%
500% after 1 Hour
Minimum Deposit – $300
Ref. commission – 5%
500% after 1 Minute
Minimum Deposit – $3000
Ref. comission – 10%
At this rate you can become a millionaire or even a billionaire within a day but sadly that is not the way the world works.
Testimonials always acts as a credibility boosting factor when it comes to online investing. There are a lot of positive testimonials sprinkled around this website wherein the so called users explain how this platform earned them life changing amount of money.
Do not be fooled by them because they are not from real users, they are all from fake profiles with a stock photo which can be found for free on the internet.
Like most of the fake investment programs out there, the main goal of this firm is to earn as much as possible from registration before they get shut down. In order to reach ore people, this platform provides handsome rewards for anyone who promotes their platform.
The affiliates are paid a percentage of deposits made by their referrals.
It is not mandatory for the affiliates to be an active investor to collect their commissions.
Deposit and Withdrawal
The e-currencies supported on this platform are Bitcoin, Litecoin, Ethereum, Payeer, PerfectMoney and advcash.
They state that the withdrawals are processed instantly.
According to whois.com this domain was registered on 18/03/2018 and expires on 18/03/2019
This website ranks 27,372 in Bangladesh and has a global rank of 3,304,484 globally.
This website seems to specifically target users from Bangladesh, Indonesia and Russia.
Is Payinstant Coin a Scam?
This platform is just a ponzi scheme which might pay some users every nowand then but this model can’t last for long.
Payinstant Coin Review Conclusion
Never entertain any type of dealing with this firm. Do not buy into any get rich quick schemes offered by these type of fraudulent platforms.