Buzwallet.biz Review Is Buzwallet a Scam or Should I Invest

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Buzwallet.biz Hyip Review : Profit Earn Upto 25% Daily

Risk Warning

Below Project Look Like Not Safe For Investment . It Is Not Our Premium & Sticky Listing . Invest On Your Own Risk .We Are Not Responsible For Your Losses .

About Buzwallet.biz

Buzwallet.biz have been bringing borrowers and investors together, transforming the way people access credit. They have helped millions of people take control of their debt, grow their small businesses, and invest for the future.

Now Buzwallet.biz are venturing into cryptocurrency for solely investments. Investors funds would be invested into lending for our micro clients here in Vancouver. Collaterals are very important to us because funds are only for urgent needs, who are sure of remitting before stipulated time.

After a duration given, whatever collateral provided would be liquidated. With this, funds are never lost. Reinvent credit and investing We’re a technology company built on the belief that innovative, creative solutions deliver more value and a better experience.

Basic Information

Min Investment $5.00
Company Number No Limit
Avg. Refer Rate 2 Level Refer System 5% – 2%
Payment Type
Company Type Hyip
Web I.P 198.54.126.127
Hosting Namecheap, Inc.
SSL Good
Payment Accepted PerfectMoney, Payeer, Bitcoin
Links Homepage

Investment Plan Of Buzwallet.biz

115% After 3 Days Min. Deposit: 5 USD Max. Deposit: 1000 USD

25% Daily For 5 Days Min. Deposit: 10 USD Max. Deposit: 10000 USD

5% Daily For 7 Days Min. Deposit: 50 USD Max. Deposit: 20000 USD

Complete Review Of Buzwallet.biz

Buzwallet.biz соmраnу іѕ bасkеd bу vеtеrаnѕ wіth ѕоlіd trасk record and еxtеnѕіvе experience in thе fіnаnсіаl іnduѕtrу. They understand what traders need tо trаdе еffесtіvеlу. The аіm іѕ tо provide customers wіth a ѕtеllаr trаdіng experience and wе рlаn on rеmаіnіng оn the fоrеfrоnt, offering mоrе рrоduсtѕ and services to trаdеrѕ in іnnоvаtіvе new ways.

Buzwallet.biz put customers at the center of everything they do, empowering millions of people to meet their financial goals. Working in highly collaborative, agile teams, we’re defining a new industry. At Buzwallet, you’ll have lots of opportunities to contribute, innovate, and advance.

Special Features of Buzwallet.biz

Referral Program

Buzwallet.biz offer 5% 2% referral bonus for each new member you invite to our program. After he makes a deposit you receive a referral commission of 5%.

Short Term

Buzwallet are a group of short term local money lenders. They have been bringing borrowers and investors together, transforming the way people access credit.

Interest

Depending on each plan. Interest on your BUZWALLET account is acquired in your validity plan days you choose when registering and credited to your Bitcoin wallet account at the end of the validity days.

Funds are managed

These funds are managed by a team of Buzwallet Traders. They make cryptocurrency investments worthwile and they have succeeded in taking the risks away from your investment with community of investors and cryptocurrency experts, they cant loose.

24/7 Friendly Support

Buzwallet.biz understand how important having reliable support service is to you. Please don’t hesitate to contact us !

DDOS Protection

They are using one of most experienced , professional and trusted DDoS Protection and mitigation provider.

Video Presentation

This article is writing 20 July 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

IS ABOVE COMPANY IS TRUSTED ?

Golden Rule For Investors

1. Never Invest More Than You Can Afford To Lose. – Invest Only Extra Money You Normally Spend On Luxury Items Into Hyips. Never Risk The Money You Usually Spent On First Priority Goods. It Isn’t Clever To Invest Money Into Hyip That Is Supposed To Pay Your Housing Bills. High Yield Income Projects Are Always Risky And It Is Dangerous To Risk The Money You Need To Support Yourself.

2. Divide Your Fund – The Best Option Is To Divide The Entire Amount Of The Investment Portfolio Into 8-12 Projects. Example: The Volume Of The Investment Portfolio Is $ 500, It Will Be Optimal To Invest In 8-12 Investment Projects Of $ 40-65 Each.

3.Research The Investment Program Before You Invest – There Are A Series Of Checks You Can Do To Test The Reliability Of The Program. One Way Of Analyzing Hyips Was Posted Here.

4. Withdraw Profit Regularly – And The Body Contributes On Time. If Profits Are Accrued Daily – Withdraw Them Every Day, If Once A Month, Withdraw Them Once A Month, If Hourly Charges – Every Hour. So You Quickly Reach The Breakeven Point.

5. Don’t Be Greedy – Even If You Keep Getting Decent Profits For Several Months, It’s No Reason To Think That This Is Sustainable. A High Yield Project Can Close Any Time. No One Knows When Not Even The Admin Himself. You May Find Yourself With Nothing If You Spent Your Money Recklessly.

Don’t Be Tempted To Invest In So-Called Vip Plans That Offer Extraordinary Profits If You Invest Higher Amounts (>1000$). Those Deposits Are So-Called “donors” That Will Be Used To Pay Regular Users.

Admins Don’t Rob Banks. They Are Simply Moving Money From One Investor To Another.

After All, Big Deposits Don’t Help The Lifetime Of A Project.

6. Stay Away From Projects With Lousy Customer Support. – If You Cannot Get Any Answer From The Support Team, You’re Probably Better Off Not Investing In That Project.

7. For Security Purposes, Each Project Must Use Different Passwords.

8. Keep Your Personal Information A Secret.- Keep As Much Of Your Personal Information A Secret. The Less Information Hackers Know About You, The Lower The Chance Of You Losing Your Money. In Fact, You Might Want To Change Passwords Regularly. Avoid Using The Same Password For Different Accounts/programs And Select Difficult Passwords Which You Can Remember. Also, Have Anti-virus Software And A Firewall To Prevent Any Key Loggers From Stealing Your Personal Data. This Is Your Money, Protect It.

9. Do Not Believe The Huge Interest.- As A Rule, They Show That The Project Is False Or Is A Kind Of Pyramid. Remember, 30-50% Of Monthly Income Is A Rather Adequate Percentage. If You Are Promised To Be Paid More Than 200% Of Your Investment, You Can Be Sure It Is Fraud.

10. Do Not Compound Your Interest – Until You Have Earned Your Deposit Back.
This Reduces The Likelihood Of You Losing Money As Some Programs Do Not Survive For Long, Especially Those Without Sound Business Plans.

Disclaimer

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

Pay Attention to These 7 Bitcoin Scams

Bitcoin – the possible Pandora’s Box of the currency world – has never been short of controversy. Whether it be aiding the black market or scamming users out of millions, bitcoin is no stranger to the front page.

Still, the jury is out on the legality and usefulness of bitcoin – leaving it in a proverbial grey area. Bitcoin’s price has fluctuated throughout its history, falling and rising, currently hovering near $10,000. Perhaps you’ve found bitcoin while it looks to be on the rebound and find yourself interested in it as an investment.

However, there have been several legitimate bitcoin scams that have become infamous, and you need to know about them – but, what are the top 7 bitcoin scams? And how can you avoid them?

What Is a Bitcoin Scam?

For most cases, it may be pretty obvious what a scam is – but with bitcoin, and cryptocurrency in general, things become murkier. Bitcoin itself is an unregulated form of currency that essentially is a mere number that is only given value because of an agreement. It’s basically like a moneybag with a lock on it – the code of which is given to the recipient of the bitcoin (an analogy drawn by Forbes in 2020).

Bitcoin scams have been famously criminal and public in nature. With no bank as a middleman in exchange, things become more complicated; so hackers and con men have had a heyday.

Top 7 Bitcoin Scams

There have been (and undoubtedly will be) nearly countless bitcoin scams, but these frauds make the list of the top 7 worst bitcoin scams to date. Take note.

1. Malware Scams

Malware has long been the hallmark of many online scams. But with cryptocurrency, it poses an increased threat given the nature of the currency in and of itself.

Recently, a tech support site called Bleeping Computer issued a warning about cryptocurrency-targeting malware in hopes of saving customers from sending cryptocoins via transactions, reported Yahoo Finance.

“This type of malware, called CryptoCurrency Clipboard Hijackers, works by monitoring the Windows clipboard for cryptocurrency addresses, and if one is detected, will swap it out with an address that they control,” wrote Lawrence Abrahams, computer forensics and creator of Bleeping Computer.

The malware, CryptoCurrency Clipboard Hijackers (which reportedly manages 2.3 million bitcoin addresses) switches addresses used to transfer cryptocoin with ones the malware controls – thus transferring the coins to the scammers instead. And, according to Asia Times, even MacOS malware has been connected to malware scams involving cryptocurrency investors using trusted sites like Slack and Discord chats – coined “OSX.Dummy.”

2. Fake Bitcoin Exchanges – BitKRX

Surely one of the easiest ways to scam investors is to pose as an affiliate branch of a respectable and legitimate organization. Well, that’s exactly what scammers in the bitcoin field are doing.

South Korean scam BitKRX presented itself as a place to exchange and trade bitcoin, but was ultimately fraudulent. The fake exchange took on part of the name of the real Korean Exchange (KRX), and scammed people out of their money by posing as a respectable and legitimate cryptocurrency exchange.

BitKRX claimed to be a branch of the KRX, a creation of KOSDAQ, South Korean Futures Exchange, and South Korean Stock Exchange, according to Coin Telegraph.

BitKRX used this faux-affiliation to ensnare people to use their system. The scam was exposed in 2020.

3. Ponzi Scheme – MiningMax

“Ponzi bitcoin scam” has got to be the worst combination of words imaginable for financial gurus. And, the reality is just as bad.

Several organizations have scammed people out of millions with Ponzi schemes using bitcoins, including South Korean website MiningMax. The site, which was not registered with the U.S. Securities and Exchange Commission, promised to provide investors with daily ROI’s in exchange for an original investment and commission from getting others to invest (basically, a Ponzi scheme). Apparently, the site was asking people to invest $3,200 for daily ROI’s over two years, and a $200 referral commission for every personally recruited investor, reports claim.

MiningMax’s domain was privately registered in mid-2020, and had a binary compensation structure. The fraudulent crypto-currency scam was reported by affiliates, resulting in 14 arrests in Korea in December of 2020.

Korea has long been a leader in technological developments – bitcoin is no exception. However, after recent controversy, it seems as though this is changing.

“But a lot of governments are looking at this very carefully,” Yoo Byung-joon, business administration professor at Seoul National University and co-author of the 2020 research paper “Is Bitcoin a Viable E-Business?: Empirical Analysis of the Digital Currency’s Speculative Nature,” told South China Morning Post in January. “Some are even considering putting their currencies on the blockchain system. The biggest challenge facing bitcoin now is the potential for misuse, but that’s true of any new technology.”

4. Fake Bitcoin Scam – My Big Coin

A classic (but no less dubious) scam involving bitcoin and cryptocurrency is simply, well, fake currency. One such arbiter of this faux bitcoin was My Big Coin. Essentially, the site sold fake bitcoin. Plain and simple.

In early 2020, My Big Coin, a cryptocurrency scam that lured investors into sinking an alleged $6 million, was sued by the U.S. Commodity Futures Trading Commission, according to a CFTC case filed in late January.

The CFTC case further details that the suit was due to “commodity fraud and misappropriation related to the ongoing solicitation of customers for a virtual currency known as My Big Coin (MBC),” further charging the scam with “misappropriating over $6 million from customers by, among other things, transferring customer funds into personal bank accounts, and using those funds for personal expenses and the purchase of luxury goods.”

Among other things, the site fraudulently claimed that the coin was being actively traded on several platforms, and even mislead investors by claiming it was also partnered with MasterCard, according to the CFTC case.

Those sued included Randall Carter, Mark Gillespie and the My Big Coin Pay, Inc.

5. ICO Scam – Bitcoin Savings and Trust and Centra Tech

Still other scammers have used ICO’s – initial coin offerings – to dupe users out of their money.

Along with the rise in blockchain-backed companies, fake ICOs became popular as a way to back these new companies. However, given the unregulated nature of bitcoin itself, the door has been wide open for fraud.

Most ICO frauds have taken place through getting investors to invest in or through fake ICO websites using faulty wallets, or by posing as real cryptocurrency-based companies.

Notably, $32 million Centra Tech garnered celebrity support (most famously from DJ Khaled), but was exposed for ICO fraud back in April of 2020, according to Fortune. The company was sued for misleading investors and lying about products, among other fraudulent activities.

The famous DJ wrote his support in a caption on Instagram back in 2020.

“I just received my titanium centra debit card. The Centra Card & Centra Wallet app is the ultimate winner in Cryptocurrency debit cards powered by CTR tokens!” Khaled wrote.

The U.S. Securities and Exchange Commission even issued a warning in 2020 about ICO scams and faux investment opportunities, brought on by a slew of celebrities who promoted certain ICOs (like Paris Hilton and Floyd Mayweather Jr. to name a few).

“Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion,” the SEC wrote in an Investor Alert in 2020. “A failure to disclose this information is a violation of the anti-touting provisions of the federal securities laws.”

Another example is Bitcoin Savings and Trust, which was fined $40.7 million in 2020 by the SEC for creating fake investments and using a Ponzi scheme to scam investors. According to Coin Telegraph, Trenton Shavers, the organization’s leader, allegedly scammed investors into giving him 720,000 bitcoins promising a 7% weekly interest on investments – which he then used to pay back old investors and even fill his personal bank accounts.

6. Bitcoin Gold Scam – mybtgwallet.com

Nothing catches the eye of the naïve quite like the promise of gold – bitcoin gold, of course.

That is exactly what mybtgwallet.com did to unsuspecting bitcoin investors.

According to CNN, the bitcoin gold (BTG) wallet duped investors out of $3.2 million in 2020 by promising to allow them to claim their bitcoin gold. The website allegedly used links on a legitimate website (Bitcoin Gold) to get investors to share their private keys or seeds with the scam, as this old screenshot from the website shows.

Before the scam was done, the website managers (slash scammers) was able to get their hands on $107,000 worth of bitcoin gold, $72,000 of litecoin, $30,000 of ethereum, and $3 million of bitcoin, according to CNN.

Bitcoin Gold, the site’s wallet used in the scam, began investigating shortly after, but the site remains controversial. Still, firm released a warning to bitcoin investors.

“It’s worth reminding everyone that it will never be truly safe to enter your private key or mnemonic phrase for a pre-existing wallet into any online website,” Bitcoin Gold wrote. “When you want to sweep new coins from a pre-fork wallet address, best practice is the same as after other forks: Send your old coins to a new wallet first, before you expose the private keys of the original wallet. Following this basic rule of private key management greatly reduces your risk of theft.”

7. Pump and Dump Scam

While this type of scam is certainly not relegated to just bitcoin (thank you for the education, “The Wolf of Wall Street”), a pump-and-dump scam is especially dangerous in the internet space.

The basic idea is that investors hype up (or “pump up”) a certain bitcoin – that is usually an alternative coin that is very cheap but high risk – via investor’s websites, blogs, or even Reddit, according to The Daily Dot. Once the scammers pump up a certain bitcoin enough, skyrocketing its value, they cash out and “dump” their bitcoin onto the naïve investors who bought into the bitcoin thinking it was the next big thing.

Bittrex, a popular bitcoin exchange site, released a set of guidelines to avoid bitcoin pump-and-dump scams.

While “stackin’ penny stocks” may sound like an appealing way to earn an extra buck (thanks to its glamorization by Jordan Belfort), messing in bitcoin scams is nothing to smirk at.

How to Avoid Bitcoin Scams

With the inevitable rise of bitcoin in current and coming years, it is becoming increasingly important to understand and be on the lookout for bitcoin scams that could cost you thousands. As more people become interested in Bitcoin, more people are also likely to try and pull off a scam.

There is no one formula to avoiding being scammed, but reading up on the latest bitcoin red flags, keeping information private, and double checking sources before investing in anything are good standard procedures that may help save you from being duped. Cryptocurrency can be a confusing topic even for the experienced Bitcoin enthusiast, so the more you read up on the world of Bitcoin, the more prepared you can be. After all, knowledge is power.

What to Know About Cryptocurrency

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Cryptocurrency is digital money. That means there’s no physical coin or bill — it’s all online. You can transfer cryptocurrency to someone online without a go-between, like a bank. Bitcoin and Ether are well-known cryptocurrencies, but new cryptocurrencies continue to be created.

People might use cryptocurrencies for quick payments and to avoid transaction fees. Some might get cryptocurrencies as an investment, hoping the value goes up. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.

Before you buy cryptocurrency, know that it does not have the same protections as when you are using U.S. dollars. Also know that scammers are asking people to pay with cryptocurrency because they know that such payments are typically not reversible.

Cryptocurrencies vs. U.S. Dollars

The fact that cryptocurrencies are digital is not the only important difference between cryptocurrencies and traditional currencies like U.S. dollars.

Cryptocurrencies aren’t backed by a government.

Cryptocurrencies are not insured by the government like U.S. bank deposits are. This means that cryptocurrency stored online does not have the same protections as money in a bank account. If you store your cryptocurrency in a digital wallet provided by a company, and the company goes out of business or is hacked, the government may not be able to step and help get your money back as it would with money stored in banks or credit unions.

A cryptocurrency’s value changes constantly.

A cryptocurrency’s value can change by the hour. An investment that may be worth thousands of U.S. dollars today might be worth only hundreds tomorrow. If the value goes down, there’s no guarantee that it will go up again.

Investing in Cryptocurrency

As with any investment, before you invest in cryptocurrency, know the risks and how to spot a scam. Here are some things to watch out for as you consider your options.

No one can guarantee you’ll make money .

Anyone who promises you a guaranteed return or profit is likely a scammer. Just because an investment is well known or has celebrity endorsements does not mean it is good or safe. That holds true for cryptocurrency, just as it does for more traditional investments. Don’t invest money you can’t afford to lose.

Not all cryptocurrenciesor companies promoting cryptocurrencyare the same.

Look into the claims that companies promoting cryptocurrency are making. Search online for the name of the company, the cryptocurrency name, plus words like “review,” “scam,” or “complaint.”

Paying with Cryptocurrency

If you are thinking about using cryptocurrency to make a payment, know the important differences between paying with cryptocurrency and paying by traditional methods.

C redit cards and debit cards have legal protections if something goes wrong. For example, if you need to dispute a purchase, your credit card company has a process to help you get your money back. Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you only can get your money back if the seller sends it back.

Before you buy something with cryptocurrency, know a seller’s reputation, where the seller is located, and how to contact someone if there is a problem.

Refunds might not be in cryptocurrency .

If refunds are offered, find out whether they will be in cryptocurrency, U.S. dollars, or something else. And how much will your refund be? The value of a cryptocurrency changes constantly. Before you buy something with cryptocurrency, learn how the seller calculates refunds.

Some information will likely be public .

Although cryptocurrency transactions are anonymous, the transactions may be posted to a public ledger, like Bitcoin’s blockchain. A blockchain is a public list of records that shows when someone transacts with cryptocurrency. Depending on the cryptocurrency, the information added to the blockchain can include information like the transaction amount. The information also can include the sender’s and recipient’s wallet addresses — a long string of numbers and letters linked to a digital wallet that stores cryptocurrency. Both the transaction amount and wallet addresses could be used to identify who the actual people using it are.

Cryptocurrency Scams

As more people get interested in cryptocurrency, scammers are finding more ways to use it. For example, scammers might offer investment and business “opportunities,” promising to double your investment or give you financial freedom.

Watch out for anyone who:

  • guarantees that you’ll make money
  • promises big payouts that will double your money in a short time
  • promises free money in dollars or cryptocurrency
  • makes claims about their company that are not clear

Cryptojacking

Cryptojacking is when scammers use your computer or smartphone’s processing power to “mine” cryptocurrency for their own benefit, and without your permission. Scammers can put malicious code onto your device simply by your visiting a website. Then they can help themselves to your device’s processor without you knowing.

If you notice that your device is slower than usual, burns through battery power quickly, or crashes, your device might have been cryptojacked. Here is what to do about it:

    Close sites or apps that slow your device or drain your battery.

Use antivirus software, set software and apps to update automatically, and never install software or apps you do not trust.

Do not click links without knowing where they lead, and be careful about visiting unfamiliar websites.

  • Consider a browser extension or ad blockers that can help defend against cryptojacking. But do your research first. Read reviews and check trusted sources before installing any online tools. Some websites may keep you from using their site if you have blocking software installed.
  • Report Scams

    Report fraud and other suspicious activity involving cryptocurrency, or other digital assets to:

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