Splitt.co is a cloud mining solution which promises the clients returns all the way up to 4.7% per day. They do have a considerably large user base but that factor alone is not enough to label them as anything. Their platform is straight to the point and shows that they have put in some serious effort to make it user friendly and easy to use.
While we investigated this services the risk outmatched all the potential benefits which is why we are publishing this review today. If you are on the fence trying to decide whether to deposit with them or not or want complete picture of how this enterprise works continue reading our complete review which will answer all your questions.
Company and Support
Regardless of what kind of economic activity it might be all the services which takes in people’s money in the name of investments have to get registered and regulated depending upon the law of the country they are situated in.
Splitt.co represents an ICO, their core business model is to raise funds to expand and optimize their current holdings of the mining machinery and farms. The investors are promised daily rewards in the form of returns which is dependant upon the contract purchased by them.
All the firms which operate in similar manner in the UK have to be regulated by the FCA but this one is not on their list which points out to the fact that they are not only an anonymously operated firm but also an illegal one.
Every business displays their certificates and licensing details on the homepage of their website because that shows to the potential investors about the transparency aspect which is appreciated by all. This platform does not reveal any of the details regarding their company except their address.
If you happen to have any troubles on their platform then you can reach them only through a support form provided on their website.
Address – 72 Great Suffolk Street, London, United Kingdom, SE1 0BL.
How does Splitt.co Work?
Splitt.co is basically a cloud mining service. Their operational model is that they own the hardware and the other crucial components of mining and issue contracts to the interested investors wherein the revenue derived will be shared with the clients in a predetermined manner.
This might sound intriguing if you are a beginner but rest assured it it just a little learning curve. The problem with this service is that it lacks data at every step of their presentation. First of all they say that their data centres are located in Malaysia, Singapore, Nepal and Sweden but the exact location is not disclosed for some reason.
We do not know what gives them an edge over the competitors and what are their margins? Given the history of many scams floating around in the name of mining we certainly do not recommend anyone to even consider them because of the lack of clarity when seem to incorporate a lot.
This platform offers variety of contract wherein the differentiating element is the returns predominantly but also there are some minor not so significant variables. Returns they claim to generate are on the higher side and is not possible to generate them through mining. Have a look at these plans, isn’t it obnoxious?
Dynamic Cloud Mining
Returns – 2.64% Daily
Min. Deposit – 0.001 BTC
Max. Deposit – 25 BTC
Duration – 60 Days
Bare Metal Simplified
Returns – 3.5% Daily
Min. Deposit – 0.025 BTC
Max. Deposit – 50 BTC
Duration – 40 Days
Returns – 4.7% Daily
Min. Deposit – 0.5 BTC
Max. Deposit – 50 BTC
In Business the thumb rule when it comes to earning revenue is directly proportional to the number of customers. This firm offers a multi level affiliate program which in some ways refer to the classic model of a pyramid scheme to encourage promoters to work with them.
The base commission per every successful deposit made by the investors is 4% but these number can be further increased as there are tier 2 and 3 levels which can be unlocked by recruiting affiliates under them. To keep their staff motivated they do give bonuses to the individuals who bring more people on board to this service and the promoters are not obligated to be an active investor or even purchase any of the plans.
Splitt.co currently ranks 29,796 globally and has currently secured a pot of 20,048 in Russia according to the alexa traffic rank metrics. They have used paid advertising to increase their traffic and have also made used of pure ad networking sites like adbtc.top. Top 5 regions which constitutes the majority of their traffic are Russia, United States, Iran, Brazil and Taiwan.
Whois.com search revealed that this domain was registered on 04/04/2018 and it expires on 04/04/2023. The important registrant contact details like phone number and email are not shown.
Is Splitt.co a Scam?
Apart from their telegram channel there isn’t much user testimonials on the web. Given the amount of traffic they get seeing neutral market reaction is very strange. Moreover when it comes to the details of the team members responsible for managing this firm they have talked only about two persons.
There are more than enough details about the CEO but it cannot be verified or validated. So as far as credibility is considered unfortunately this firm does not have that under their belt.
Splitt.co Review Conclusion
This company is unregulated, anonymous and uses aggressive marketing methods, these 3 things combined might turn into a disaster quickly. The returns they portray which to remind you again is upto 4.7% daily which adds to 141% monthly which is not realistic at all.
Regardless of which type of equipment they use these kind of profits are nothing short of a miracle to achieve. We believe that it is a ponzi scheme which is currently going through the expansion phase but eventually it will come to a halt and crumble to pieces.