1Pay Coin is a bitcoin investment that promises to earn you 250% yields in 5 business days.
What Is 1PAYCOIN?
1Pay Coin is a bitcoin investment strategy that describes itself as “a modern investment firm from the UK.”
The organization’s site promotes “investment strategies” where you can make 250 percent in only five business days — making 1Pay Coin among the greatest guaranteed investments that the world has ever seen.
The website also advertises investment strategies that pay you 560% following 65 business days or 2000% following 125 business days.
Ultimately, when someone advertises 250% yields in 5 business days, you can be nearly certain that you’re being scammed. Depending on that interest rate, you can turn even a small investment to a million dollars within a year.
Who’s Behind 1PAYCOIN?
One of the simplest ways to see a bitcoin scam is when the provider won’t disclose some information about itself or its management team.
1Pay Coin provides us slightly more information concerning the company — but we are still lacking a lot of info. The 1Pay Coin site comes with a corporation registration document from the UK which seems to be valid. But a search for for the listed “Company Number” of 06846514 shows that the amount really belongs to some Birmingham-based company named Digi.Direct Ltd. Based on these documents, it seems 1Pay Coin is using another company’s registration information.
Interestingly, the website claims that the business has existed for five years — when in fact, the website had been registered in July 2017.
How Does 1PAYCOIN Work?
1Pay Coin claims to pay you enormous ROI after just 5 business days. In reality, these types of gains aren’t readily available to even the best cryptocurrency dealers — even in the event that you get really lucky. No investment business in the world is going to guarantee profits like that.
Just just how does 1Pay Coin promise such an enormous return? That scam claims to pay 1 percent to 3 percent on referrals, down 3 levels. Like other bitcoin pyramid schemes, you pay to combine 1Pay Coin. Then, the only way to make a return on your investment would be to convince others to join the scam underneath you.
In reality, the most likely outcome to 1Pay Coin is that you will get rid of all of your money the minute that you deposit it. They bring newbie investors who wish to participate in bitcoin’s massive gains — but are not sure how to start.
We can find zero evidence that 1Pay Coin is a real investment opportunity. At best, your money is utilised to finance some pyramid scheme. At worst, the company will disappear offline and steal every customer’s deposit as soon as it brings enough cash. In either circumstance, you are unlikely going to see your money again — and of course that the “250% ROI” guaranteed by the business.
For each of these reasons, you must absolutely avoid giving your cash into 1Pay Coin — or another blatant Bitcoin scam.