Cryptobooster.club claims to be one of the most successful investment companies in the world. They are said to demonstrate financial stability, profitability and high liquidity of long term investments this firm is involved with. They make bold claims of generating returns of up to 300% every couple of months which is very unrealistic to say at the least.
This firm supposedly has over 2500 employees and has over 20 offices which is all just telltales. While we were investigating this company, we were kind of stunned at the amount of misinformation these fraudsters has willing put out to lure in inexperienced investors.
If you want to know everything about this rotten scam then continue reading our full review to find out why you should never entrust these faceless criminals.
Company and Support
Any company which is indulged in providing financial services to the general public or any other type of investment advice have to be regulated by law. In simple terms Cryptobooster.club is an ICO which uses funds raised from investors for trading and allied purposes and in return the investors are promised a fixed predetermined amount of money.
When we were trying to find any certificates confirming licenses they must lawfully hold, there simply weren’t any. We have confirmed through FCA this firm has never been licensed which means they have no right to collect money from the public.
The support team of this firm can be reached through telephone and email.
This firm states that their main aim is to create passive income sources for investors regardless of their level of expertise. They supposedly use interactive safety algorithms and hi-tech data encryptions which guarantees the safety of the investors funds.
This narration is so lame that unless you are a complete newbie, there isn’t any way anyone is going to believe that. The financial markets can be predicted based on various methods but these crooks haven’t bothered about providing any details about them.
We are not briefed about how the funds are utilized. We have no clue as to what indicators or parameters are considered by them before entering a trade which are all very disturbing facts.
Cryptocurrency market is one of the most lucrative and liquid market period. Despite the high spreads and transaction fees they have enough volatility which is required to generate a profit. These scam artist advertise returns of up to 300% which is not only unethical but outright lie. They are just exploiting the gullibility of the newbie investors in the crypto industry.
Here are the details of the investment plans:
Returns – 2.2% Daily
Duration – 15 Days
Minimum Deposit – $25
Returns – 5.5% Daily
Duration – 30 Days
Minimum Deposit – $30
Returns – 300%
Duration – 60 Days
Minimum Deposit – $35
This firm encourages its existing users to refer more people on to their platform. These crooks are very well aware of the fact that the longevity of this ponzi scheme will depend on their ability to find enough victims. So in order to reach more people they provide attractive incentives to individuals who promote their platform.
The affiliate commission depends on the rank you are in. Note that the affiliates need not be an active investor in order to collect their payments.
There are a lot of testimonies sprinkled on this website. If you notice them closely all of them are not only too favorable towards them but also very sleazy. Nevertheless never believe any of them as they are all from bogus profiles with a stock photo.
Now ask yourself why would they put up fake testimonials unless they are deliberately trying to hide something something from us?
Deposit and Withdrawal
The minimum deposit amount is $25 and the minimum withdrawal amount is $1. The payment methods accepted by this platform are Bitcoin, BitcoinCash, Litecoin, Ethereum, PerfectMoney, Payeer and advcash. The time taken for processing withdrawals is not stated anywhere on their platform.
According to whois.com this domain was registered on 30/06/2018 and it expires on 30/06/2021.
This website has a global rank of 2,874,857 and it ranks 1,015,165 in Russia according to alexa.com.
The majority of the traffic coming to this website are from France, United States, Russia, Netherlands and Germany.
Is Cryptobooster.club a Scam?
This whole platform is a simple ponzi scheme which according to HYIP monitoring sites is currently paying but do not have high hopes about them. Once they are satisfied with the amount they have made, they will be gone before you can blink and the worst part is that there is nothing you can do about it.
Cryptobooster.club Review Conclusion
Since many people have no idea about how cryptocurrency works, it is a lot easier for scammers to loot them by creating fake investment platforms involving bitcoins. Use your common sense and never yield into any of the easy money schemes offered by these fraudsters.