Please read this Cryptoware review. Is Cryptoware a scam or legit? Yes, it is a 100% Ponzi scam. It is just another passive crypto HYIP (high yield investment program) pyramid scheme that is very high risk.
Cryptoware promises a 3.6% daily return or 0.15% hourly return FOREVER, with a 7% direct referral commission and a bounty program.
Cryptoware.biz will not last FOREVER.
Paying a 3.6% ROI every day is not sustainable.
These high-risk HYIP Ponzi scams have a very short shelf life and never last long.
They always collapse once recruitment and new investment slows down.
What is Cryptoware?
According to their website Cryptoware.biz, they claim: CRYPTOWARE SOLUTIONS LTD is the most reliable international company working in the field of cryptocurrency trading and investing.
Which is a total B.S. lie. They are not trading/investing with cryptocurency.
Cryptoware is an obvious HYIP scam, aka Ponzi Scheme.
A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors funds to pay the earlier joiners.
Who are the owners/creators of Cryptoware? Nobody knows and there is no information on their website.
They do show a UK business registration, which is meaningless, as anyone can register a business for a small fee. Officer on file is Albert Butler, of which I could find no further information.
A listed address of 471 HORNSEY ROAD, LONDON, ENGLAND, N19 3QL Google search shows a carpet store only named Hornsey Carpets.
The Cryptoware.biz domain was privately registered at Namecheap for only 1 year on June 26, 2020.
Cryptoware Compensation Plan
Cryptoware pays 7% commissions on direct referrals deposits.
Cryptoware Bounty Program
Cryptoware has a bounty program which pays small rewards for completing certain tasks related to promoting the HYIP scam to others.
Various tasks include, liking, sharing, commenting on their social media, making blog posts, social media posts, Youtube videos etc and $.50 to $10 in Litecoin.
Cryptoware is an obvious HYIP scam.
They have no proof of trading. They are not trading cryptocurrency as they claim to generate ROI.
ROI is generated from gullible investors new money only.
Paying 3.6% ROI per day is unsustainable.
Any company that pays a fixed daily percentage ROI is 100% scam.
The Cryptoware Ponzi will collapse soon ,and scam out once recruitment and gullible investment slows down.
Hope you enjoyed this Cryptoware review and learned the truth of this scam.
Cryptoware is Bad MLM ponzi scam.