Unicoin Trades (UnicoinTrades.com) is an online cryptocurrency investment and mining operation that was created on October 26th, 2017 by an unknown entity.
Unicoin Trades Review
Unicoin Trades, short for Universal Coin Trades, claims to operate as an online platform that enables cryptocurrency investors the ability to enroll with one of their lucrative investment and crypto mining plans.
As expected, only Bitcoin deposits are accepted through Unicoin Trades while investment and mining plans fluctuate between a price tag of $2,000 to $50,0000. Disclosed below are the following plans offered through Universal Coin Trades:
Deposit: $2,000 – $4,900
Daily Return: 1.25%
Approximate Annual Return: 456.25%
Deposit: $5,000 – $9,900
Daily Return: 1.27%
Approximate Annual Return: 463.55%
Deposit: $10,000 – $19,900
Daily Return: 1.29%
Approximate Annual Return: 470.85%
Deposit: $20,000 – $49,900
Daily Return: 1.31%
Approximate Annual Return: 478.15%
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Deposit: $50,000 – $99,900
Daily Return: 1.33%
Approximate Annual Return: 485.45%
As stated on Unicoin Trades About Us page, they use the SHA256 algorithm, although no reference to their employed mining hardware or data centers are referenced. In addition, the site fails to disclose information regarding how an investors deposited funds are handled, which likely means that Unicoin Trades solely functions as a mining platform.
Unicoin Trades renders an unsustainable business model by promoting lifelong memberships with unrealistically high annual returns. To add, UnicoinTrades.com operates as an anonymous platform and doesn’t provide any ownership information.
Disclosed near the footer of their site would be two physical addresses which are as followed: 251 W. 30th St, Chelsea SQ Floor 9, Chelsea New York City, NY, USA and 47 Welbeck Street, London, W1G 8DZ, England.
When both addresses are searched one address comes up as a night club while the other as a telecommunications service providers, therefore indicating to us that these addresses are inacccurate.
According to WHOIS, Unicoin Trades was a privately registered domain that was created on October 26th, 2017 through the PDR Ltd domain registrar.
Unicoin Trades employs a slow loading and sloppy interface while failing to disclose crucial ownership and functionality information, therefore, needless to say, we were unimpressed with their site.
Other characteristics we weren’t impressed with would be how their site claims to have been in operation since 2014, yet a WHOIS search confirms their site was created in late 2017. To add to the discrepancies, Unicoin Trades employs photoshopped images to serve as their own testimonials.
Furthermore, the site possess a feeble SimilarWeb global rank of 7,064,279 as of February 2018.
Unicoin Trades operates anonymously, lacks integrity and deceptively incorporates fictitious elements into their domain to serve as a credibility crutch. It is obvious that Unicoin Trades is NOT trustworthy and should be avoided!
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