Wealthflame.net Review Is Wealth Flame Scam or Should I Invest

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Fraud Risk Assessment: BitWealth

  • BitWeath
  • Reviewed by: Digiconomist

BitWealth (bitwealth.net) was launched in February 2020 providing Bitcoin cloud mining services from the United Kingdom. The company’s legitimacy has been evaluated based on the items listed below. Every individual item has been checked for the presence of obvious red flags or warning signals. If these are present, an explanation detailing what triggered them has been included. A detailed description of the reasons to evaluate each of the included items can be found below the table.

Persuasion
Total Flags: 15 (3 Warnings = 1 Flag)
Phantom Riches Investors are lured with promises of 12% daily returns for 12 days.
Scarcity N/A
Source Credibility BitWealth tries to boost credibility by claiming that it “is one of the largest crypto mining companies in Great Britain”.
Social Proof There is a 5 percent commission referral program, intended to get users to convince friends and relatives to invest as well.
Reciprocity N/A
Products
Guaranteed Return “Our clients can become participants of the investment project and get guaranteed income” according to the FAQ.
High Return / Low Risk The investment plan returns a net profit of 44% after 12 business days. Investing the same amount each time, this would yield an absurdly high return of more than 900% per year. If profits are reinvested as well, this would add up to 150,000% per year. This is unsustainable, and implies this scam will be shortlived.
Overly Consistent, Positive Returns There is only one available investment plan which offers a constant earning percentage regardless of any external variable such as price volatility.
Downplaying Risks Multiple statements are aimed at downplaying risks, including: “your profit will be stable and secure”, “you’ll be guaranteed to receive a daily income” and “In the case of force majeure situation all company’s investors can expect to receive money back minus the profits they received earlier”.
Hardware Equipment
Public Mining Address No
Pictures of Mining Equipment None
Secretive or Complex Equipment It is not very clear what BitWealth does. It is involved in “crypto mining and trading with cryptocurrency” using “powerful ASIC equipment and combine classical algorithms”. This is extremely vague at best, and likely used to cloak the absence of any real equipment.
Service
Website Available Yes
Website Registration Details BitWealth.net is a newly registered website, with its registration date on February 1, 2020.
Website Design The terms and conditions are identical to at least those on BitKingdom, indicating BitWealth was built using stolen content.
Grammar on Website The text on BitWealth is hardly readable (except for when its stolen content). One example out of many: “BitWealth Limited proposes the risk-free activity. However, to avoid possible loss the company is constantly update contingency fund.”
Payments Options Cryptocurrency only, leaving the recipient with sufficient anonymity.
Service Disruptions & Unbusinesslike Conduct The lack of any real terms and conditions (see Website Design) result a limited legal basis for doing business.
Contact Information The contact information is not being hidden, but could not be confirmed either (see Business Registration)
Business
Verified Address The official address is at: 53 Britton Street, London, England, EC1M 5UQ

This appears to be a residential area, so an office would not be expected here. The address has not been checked on site.

Verified Owner Cameron Miller is listed as the official owner, a person without any online footprint.
Business Registration BitWealth Limited is a registered company in the UK, with company number 09981018. It is important to note that Companies House explicitly states it “has no investigatory powers”. Hence the registration adds no real credibility.
Independent Audits None

Note that items with a warning instead of a flag indicate that these could occur at a legitimate company. For example, legitimate companies will normally try to persuade you into buying their products. Multiple warnings will, however, still trigger a flag. A description for the listed items is provided below. This list is meant to assist with identifying obvious scams, and therefore does not provide any guarantees that a company is truly legitimate.

Phantom Riches
The most common tactic used by fraudsters is called “phantom riches”. By dangling the prospect of wealth such as “big payoffs”, the scam artist tries to get you to stop thinking logically.

Scarcity
Using the fear of missing out, fraudsters create a false sense of urgency with statements such as “last chance” or “only so few available”. This causes people to agree hastily, before even having the opportunity to think about what they’re doing.

Source Credibility
Persuasion is more likely when the source presents itself as being credible, expert and trustworthy. Common tactics used by scammers to make themselves look legitimate include using fake websites or hacked emails and pretending to be someone they are not. Alternatively, sources can also be external with claims such as “Warren Buffet has already invested in this”.

Social Proof
Fraudsters take advantage of herd behavior by creating the illusion of consensus or social proof that the investment is legitimate with claims that “everybody is already doing it”, or referral programs in which members encourage their friends and associates to invest as well. This automatically triggers something in the head that says: “if everybody [or someone from the inner circle] wants it, it must be good”.

Reciprocity
A business is likely to receive far more of our trust when it provides a lot of free value, because of the rule of reciprocity which causes us to tend to feel obligated to return favors after people do favors for us

Guaranteed Return
All investments carry some degree of risk, so a guaranteed profit is a clear red flag. A valid question would be why an organization would try to sell such a scheme instead of using it to get rich themselves.

High Return / Low Risk
Like a guaranteed return, a high return / low risk investment opportunity also defies the common risk-return relationship. The best advice is an old one: “if it sounds too good to be true, it probably is”.

Overly Consistent, Positive Returns
Cryptocurrency markets are among the most volatile markets, hence the performance of any related product or service is also expected to fluctuate.

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External Risk Insurance
The fraudster may present some external risk insurance for the investment in order to add to its credibility. In reality, insurance is only seldom acquired and guarantees typically lack substance. Dummy companies are often used to act as the guarantor or insurer.

Public Mining Address
A cloud mining company must have a public cryptocurrency address in order to participate in the mining process. There is no reason for a legitimate company not to disclose this.

Pictures of Mining Equipment
Cloud Mining companies should be able to provide some pictures of the products they are selling besides any textual descriptions.

Secretive or Complex Equipment
Even in the world of cryptocurrencies one should be skeptical about special competitive advantages without any proper disclosure, or when the information is incomprehensible or incomplete. Too often only the positive elements are accentuated.

Website Available
Considering the importance of domains and websites in the internet age, there is almost no reason for a legit company not to have one.

Website Registration Details
Very few scam websites survive longer than one year, so domains are generally registered for just one year unless otherwise required for the specific domain. For the same reason, websites created less than one year ago should be considered suspicious.

Website Design
Amateurish, cluttered and disorganized websites can point to a scam as many scam sites use text and images from legit websites and other sources which may not work together very well.

Grammar on Website
Many scammers have limited English proficiency.

Payments Options
Even though cryptocurrency payment options are logical for a cryptocurrency company, it is also very convenient for scammers as the recipient essentially remains anonymous. The same goes for services such as Western Union and Moneygram. Hence a lack of alternative payment options should still be considered a warning signal.

Service Disruptions & Unbusinesslike Conduct
Especially Ponzi scheme promotors will encourage participants to “roll over” their investment. These schemes are not very fond of investors cashing out, which may lead to difficulties receiving payments and a non-responsive or difficult to reach customer service.

Contact Information
Legitimate companies have very little reason not to list their contact information.

Business Verification
First, you should never hand your hard-earned money over without knowing where it is going. Second, you should do a background check to avoid handing it to a known scammer. Be weary of people without an online identity. Scammers will typically try to hide their identity or conceal their true identity to avoid being easily discovered.

Independent Audits
Audits certainly do not root out every instance of fraud, but auditors do have a responsibility to detect errors or fraud in the company’s financial statements.

Abstrend.net Hyip Review : Scam Or Paying? Read Our Full Review

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 Abstrend.net

The Abstrend.net Trend company was founded on the promise of providing the best Investing Conditions to all its clients. They have managed to offer this by thorough selection of each of Team members, and through continuous improvement of business strategies and the adoption of innovative solutions in the Forex market.

Abstrend professional team has a big experience in development of high-yield strategies and their implementation in real trading. To achieve the desired financial effect, they combine the efforts of experienced market traders, financial analysts and professional managers. Each of traders and trading analysts has the necessary education and is a graduate of the prestigious English universities or specialized training courses.

Abstrend.net analysts report every day on the latest changes in the financial markets, providing timely fundamental, economic, technical analysis and a close examination of promising chart formations with live currency quotes. Information received from analysts, allows traders to choose the best currency pairs to trade. The analysts provide analysis of market moves, based on economic, political, and technical factors driving the market.

Basic Information

Min Investment $20.00
Min Withdraw No Limit
Avg. Refer Rate 1 Level Refer System 5%
Payment Type
Company Type Hyip
Web I.P 91.220.101.129
Company Address 133, Fulham Road, London SW3 6RT, UNITED KINGDOM
Admin Supporet [email protected]
Payment Accepted Perfect Money, Bitcoin, Payeer, Liotcoin, Ethereum
Links Homepage

Investment Plan Of Abstrend.net

3 Simple Steps To Start Earnings

Open An Account

To become an official member of Absolute Trend, you need to complete the registration process. In order to open your free account, click on the ‘Registration’ button, after which you will be taken to the page with the registration form. We require you to provide information such as your full name, username, email and your payment accounts. You also need to come up with a complicated password. When you fill in the details, confirm the registration by clicking the registration button. From that moment, you become a registered member of Absolute Trend!

Make Deposit

To make a deposit, log into your Absolute Trend account using your username and password you specified during registration. On the dashboard, go to ‘Make Deposit’, select a deposit plan, as well as a payment system through which you will conduct all financial transactions and enter the deposit amount. Then click ‘Make Deposit’ in the lower field of the page. The system will send you to the site of the chosen payment system. When the transaction will be completed, you will automatically return to the company website, and money will be credited to chosen investment plan.

Withdraw Funds

The accrued interest from your deposit will be automatically transferred to your account balance in accordance with the chosen deposit plan. At the end of the deposit term, the entire amount will be on your account balance. Now you can create a request for withdrawal of funds to your wallet. On the dashboard, go to ‘Withdraw Funds’, here you need to specify the payment system and the withdrawal amount. Click the ‘Withdraw Funds’ button, then ‘Confirm’ and now just wait for the money at your electronic wallet. The query processing can take up to 48 hours according to the regulations of money

Complete Review Of Abstrend.net

Abstrend goal is to read the direction a currency is headed, buy or sell the currency and hold until it rises or drops in value (in the direction they had hoped), and exchange it back to make a profit on the difference. And our traders make the right steps to achieve the goals. All this allows to achieve the desired profit and avoid possible financial losses.

Today Abstrend.net are able to offer a quality service for long term to everyone interested in investing. They have built business around being on investors’ side, and wanting them to invest profitably. They invite you to join the investor community and affiliates who have chosen Absolute Trend as their preferred investing platform.

Special Features Of Abstrend.net

High Profits

The high profits are provided by a rapid rate of growth of Forex market as well as with efforts by employees. All experts are first-class professionals in the field of Forex trading and financial management.

Ability

The success is achieved through accurate calculation, prediction and the ability to choose the right strategy and through adoption of innovative solutions in the Forex market.

Risk Free Investment

Professional traders and marketing experts of ExCrypto Trade work for you around the clock, which significantly reduce the risk of losing capital. Don`t worry and rely on.

Quality Service

Today they are able to offer a quality service for long term to everyone interested in investing. They have built business around being on investors’ side, and wanting them to invest profitably.

Reliable Methods

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This article is writing 21 Jan 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.

Bitteroi.net Hyip Review : The Professionalism Of The Team and Experience

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 Bitteroi.net

Bitteroi.net is a private investment company incorporated in the United Kingdom.The team consists of professionals who provide clients and partners with confidence and only best consulting and financial services. Join company and use a great chance to conquer the trading market and be successful people.

Bitteroi.net company, bitteroi.net, is engaged in the cryptocurrencies mining and investments in Blockchain technology as one of the most promising technologies of the 21st century, and achieved high results in own activities.Registration number of bitteroi.net is 12062344.

Bitteroi.net number of people who use digital money and cryptocurrency is growing every day. People pay for the goods in online stores, carries out various payments and transfers by electronic money. Electronic money’s distinctive feature is that it can’t be faked as ordinary paper bills and you can’t release more than previously planned amount.

Where does the cryptocurrency come from? Cryptocurrencies mining is the obtaining of electronic money with the help of computer tasks, the codes blocks decoding and, as a result, the digital coins receipt.

Basic Information

Min Investment $20.00
Min Withdraw 0.30$
Avg. Refer Rate 3 Level Refer System 5%-2%-1%
Payment Type
Company Type Hyip
Web I.P 190.115.21.253
Email Support [email protected]
Company No 12062344
Payment Accepted Payeer, Perfect Money, Bitcoin, Ethereum, Dogecoin, LiteCoin, Dash & BitcoinCash
Links Homepage

Investment Plan Of Bitteroi.net

7% Hourly Forever Minimum Investment $10, Maximum $499

9% Hourly Forever Minimum Investment $500, Maximum $999

11% Hourly Forever Minimum Investment $1000, Maximum $1499

13% Hourly Forever Minimum Investment $1500, Maximum No Limit

Complete Review Of Bitteroi.net

The Bitteroi.net company is engaged in the cryptocurrencies mining and investments in Blockchain, as one of the most promising technologies of the 21st century and achieved high results in its activities.bitteroi.net company as an innovative company, they accept deposit from basic cryptocurrencies as Bitcoin, Ethereum, Bitcoin Cash, Litecoin and they also accept PerfectMoney and Payeer.

Bitteroi.net the moment, more than 1000 sets of ASIC AntMiner S9 equipment using the SHA-256 algorithm are working at farm. They are increasing capacities, expanding activities and are ready to provide mutually beneficial cooperation. Each investor has the opportunity to successfully invest their financial resources.

Bitteroi.net Lots of investors do not use great ideas due to the lack of time for analyzing the information flow and choose the right strategy for personal investments management.The experience allows investors to receive additional income from investing their savings in company.

Special Features of Bitteroi.net

Accrual every hour

Get dividends at least every hour.

Guarantees and security

All Investments are protected by an official contract, the risks are less than 1%.

Innovative tools

A new investment instrument that has proven its effectiveness abroad. Insider trading, match fixing, and quality predictions.

High yield

The average rate is 2 times higher than in private funds.

DDOS Protection

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

24/7 Friendly Support

Bitteroi.net understand how important having reliable support service is to you. Please don’t hesitate to contact !

High percentage

Maximum yield up to 450% per month!

Payment Accept

You can start investing using the following systems: Payeer, Perfect Money, Bitcoin, Ethereum, Dogecoin, LiteCoin, Dash & BitcoinCash. In further, it is possible to add other payment systems.

Conclusion

Trust management in the sports betting market is very profitable and far-sighted direction of activity. After all, sport has always been, and no matter what crises, wars and other negative events in the world, will always be held any sports on which it will be possible to bet and make money on it. This area of activity will live always as long as the person will be interested in sports.

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This article is writing 30 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.

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