CoinVus (coinvus.com) is a cryptocurrency mining solution which is said to yield returns of more than 6% per day and they call this returns as passive income. Their platform contains every aspects of mining and they have given a great attention to all the details. If you are involved in the crypto sector for a while then you already know that the returns claims are fake.
Apart from the fabricated stories, this service also features heaps of misleading information which will certainly overtake any inexperienced investors trust. Continue reading our full review to find out why we have labeled this service as a dangerous scam.
Company and Contact Details
CoinVus represents an ICO, this firm raises money required for purchasing equipments required for mining and to maintain the mining farms from the general public. The investors are supposed to get predetermined amount of profits after certain time period.
Firms which offer investment opportunities like these should hold proper clearance and legal documents in order to function lawfully. When we checked the certificates provided by them, they certainly do not have any right to raise money from the public. We have confirmed through FCA this company has never been licensed.
This firm has put up some registration details on the website which is done to trick the potential investors into thinking they are dealing with some reputable organisation but keep in mind that they are operating illegally. The contact details provided by them are:
Address – 18 Lee Street, Sydney, New South Wales 2000.
Email – [email protected]
Phone – +610240170990
How does CoinVus Work?
This company claims to be generating revenue from a couple of opportunities which are mining and trading cryptocurrency. They claim to have set up mining farms strategically in Canada, Sweden, Australia and many other places but there is no proof to support anything they say.
The exact details of the farms are not revealed so we cannot verify their statement. They have not mentioned any mining pool they are involved with and their mining capabilities are unknown. As far as trading is considered there isn’t much to talk about it either.
We don’t have a clue about how the funds are utilized and the returns we might expect. Moreover there is no assurance about how effective their strategies are and there is literally nothing to prove that this firm is profitable in the ventures they claim to be involved in.
There are 6 types of mining contract offered by this company. To increase the returns the investors can commit their capital for longer duration of time or increase the initial deposit. The plans are intriguing but sadly keep in mind that they are all unreal.
Here are the details of the popular contracts:
Returns – 169.2%
Period – 90 Days
Min. Deposit – $7,900
Returns – 159%
Period – 20 Days
Min. Deposit – $300
Returns – 333%
Period – 60 Days
Min. Deposit – $1,500
Returns – 206%
Period – 30 Days
Min. Deposit – $10,500
The sole motive behind every scam and fake investments is money and they are ready to do whatever it takes to get that. To grow their business and reach more people, this firm features an affiliate program in which they reward online marketers for every participant they bring on to their platform.
The commission rate increases for those individuals who provide consistent stream of traffic to this service. It is not mandatory for the affiliates to have an active deposit in order to get their share of the revenue.
This website ranks 6,459 in Venezuela and has a global rank of 375,892 according to alexa.com. The majority of the traffic to this site are from Venezuela, India, Brazil, Iran and Turkey.
According to the data provided by whois.com this domain was registered on 16/05/2018 and it expires on 16/05/2020.
Deposit and Withdrawal
The minimum spend is $50 and the minimum payout is $0.10. The e-currencies supported by this platform are Bitcoin, Litecoin, Ethereum, PerfectMoney, Payeer and advcash. There is no information about the fees associated with transactions and the time required for them to process the withdrawals is not stated.
Is CoinVus Scam or Legit?
This firm is a full blown fraud,
If you carefully go through their platform, there isn’t any clue which will help you know or trace the identity of the creators, why do you think this investment firm incorporates anonymity instead of transparency?
It is because they are very well aware of the fact that they are operating illegally and are just trying to slip away from criminal prosecution. Furthermore they have not provided the investors with any sort of proof, so considering everything we have discussed so far, we strongly advise you not to interact with them regardless of what they say.
CoinVus Review Conclusion
Earning 6% ROI on a daily basis with no risk associated is something which no business can achieve consistently, this firm puts up attractive offers, their claims and numbers shown are somewhat believable from inexperienced investors perspective but rest assured if you sign up with then and deposit then you will get scammed for sure.
Cloud mining generates a reliable source of income and supplements your earning but do not expect to double or triple your money.