Cryptoleader.biz Review

Cryptoleader.biz is a mining solution which is supposedly designed to help crypto enthusiasts to mine their favorite coins without having to deal the all the hassle which comes with owning and maintaining a mining rig.

This platform states that it provides returns of up to 15% per day which is more than what legitimate firms could ever offer. This service has been active for around 6 months as of writing this review.

While we were investigating this service we found a lot of questionable practices which makes us believe that we are dealing with a ponzi scam. Read our complete and unbiased review to find out why you should never buy any contract from this fraudulent platform.

Cryptoleader.biz - Scam Review

Company and Support

Every firm which provides investment opportunity to the retail clients have to be regulated by certain authorities depending up on their geographical location. While we were trying to find licenses this firm should lawfully hold, there simply weren’t any.

We have confirmed through FCA this firm has never been licensed which means they are literally filling their pockets with the money raised from the public and are operating outside the law.

To look genuine in front of the people who does not have much experience in this field, they feature some type of registration document on their platform.

Here are some contact details of this company

Address – 302 Upper Tooting Road, London, UK, SW17 7TG.

Email – Admin@cryptoleader.biz

How does Cryptoleader.biz Work?

This firm states that it is engaged in comprehensive extraction of various popular digital currencies including Bitcoin, Litecoin and Ethereum which ensures a diverse risk portfolio.

They state that whenever the price of one crypto currency goes own another one increases which is essentially not true. If you look at the current markets since Bitcoin started losing value all the altcoins have followed the same pattern.

There is no details about the mining capabilities or rigs they have set up. We do not even know where the mining farms are situated.

Will you trust a complete stranger with your money? That is what this firm is asking you to do.

What kind of profits are advertised by Cryptoleader.biz?

The days wherein the mining activities yielded enormous returns are long gone. Since the Bitcoin got a lot of attention in the early 2017, too many people and organisations started to get involved in mining.

As a result the profit margins declined and in recent times it is hard to break even unless and until you have a very strategic plan and a large capital to begin with. This firm claims to generate returns of up to 15% on a daily basis which is impossible to achieve.

Here are the details of the investment packages offered by them:

Plan 1

Returns – 10%

Period – 50 Days

Minimum Deposit – 0.001BTC

Plan 2

Returns – 11%

Period – 50 Days

Minimum Deposit – 1.001BTC

Plan 3

Returns – 12%

Period – 50 Days

Minimum Deposit – 10.001BTC

Plan 4

Returns – 15%

Period – 50 Days

Minimum Deposit – 50.001BTC

According to the profit calculator provided on their website, if you deposit 1BTC you are supposed to get 0.1BTC daily. Sound too good to be true, right?

Domain Insight

According to the data provided on whois.com this domain was registered on 23/01/2018 and expires on 23/01/2019.

This website ranks 25,271 globally and ranks 69,548 in Iran according to alexa.com. These stats are pretty impressive for a HYIP website.

The majority of the users coming to this website are from Iran, Brazil, Thailand, Philippines and Indonesia.

This website got a lot of traffic from ad networking websites like mellowads.com.

Deposit and Withdrawal

The e-currencies supported by this platform are PerfectMoney, Payeer, Bitcoin, Litecoin, BitcoinCash, Ethereum, Dogecoin, Dash and advcash. There are no transaction fees on withdrawals.

They state that the withdrawals are processed instantly except for Bitcoin which might take some time to get network confirmation.

Affiliate Program

Cryptoleader.biz encourage its existing users to bring more people on to their platform. The individuals promoting this platform are heavily rewarded. The affiliates are paid up to 5% of the deposits made by your referrals.

Cryptoleader.biz - Affiliate Program

There is 2nd tier level available on this platform. Note that the affiliates do not have to be an active in order to get their commissions.

Is Cryptoleader.biz a scam?

Yes,

Considering all the facts discussed above, this platform claims returns which are not at all realistic. They are just trying to lure in inexperienced crypto enthusiast and exploiting their lack of knowledge.

Do not trust these scammers for any reason.

Cryptoleader.biz Review Conclusion

Do not trust any type of make money online schemes which is not backed up by solid evidence. Considering the type of returns actual crypto currency mining offer unless you have a large capital to begin with, it might be a waste of time to even bother about that.

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Do you have any experience with Cryptoleader.biz? Share your thoughts and feedback by commenting below.

Questions or general inquiry?
Email us- simplefxonline@gmail.com

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Summary
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Cryptoleader.biz
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