Crypto Trading provides no information on its website about who owns or runs the company.
Crypto Trading’s website domain (“cryptotrading.biz”) was privately registered on August 20th, 2020.
In an attempt to appear legitimate, Crypto Trading provides an incorporation certificate for “CryptoTrading LTD” on its website.
CryptoTrading LTD was incorporated in the UK on August 28th, 2020.
UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
For the purpose of performing MLM due-diligence, UK incorporation is meaningless.
At the time of publication Alexa ranks Russia (12%), Venezuela (7%) and Egypt (6%), as the top three sources of traffic to Crypto Trading’s website.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Crypto Trading’s Products
Crypto Trading has no retailable products or services, with affiliates only able to market Crypto Trading affiliate membership itself.
Crypto Trading’s Compensation Plan
Crypto Trading affiliates invest cryptocurrency on the promise of an advertised 3.6% daily ROI.
A 5% fee is charged on ROI withdrawals.
Crypto Trading pays referral commissions on invested funds are paid down three levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 2% on level 2
- 1% on level 3
Representative qualified affiliates earn increased referral commission rates as follows:
- 10% on level 1
- 5% on level 2
- 2% on level 3
Crypto Trading state that in order to become Representative qualified, affiliates must demonstrate how they intend to
support and promote our project in your region through any legal way.
Joining Crypto Trading
Crypto Trading affiliate membership is free.
Full participation in the attached income opportunity however requires cryptocurrency investment.
Crypto Trading solicits investment in the following cryptocurrencies:
- bitcoin (min 0.001 BTC)
- ethereum (min 0.02 ETH)
- bitcoin cash (min 0.035 BCH)
- doge (min 3000 DOGE)
- litecoin (min 0.15 LTC)
- dash (min 0.1 DASH)
Crypto Trading represents it generates external revenue via
well-diversified intelligent portfolios that generates secure revenue.
No evidence of these portfolios is provided. Nor is there evidence of external revenue of any kind being used to pay advertised returns.
Crypto Trading’s business model also fails the Ponzi logic test.
If Crypto Trading’s anonymous admin(s) were actually capable of legitimately generating a consistent 3.6% daily return, what do they need your money for?
Even a modest capital amount compounded daily at 3.6% doesn’t take long to turn into a fortune.
Furthermore Crypto Trading misrepresents their basic UK incorporation as a financial regulatory equivalent.
Crypto Trading claims both to be a “registered investment platform” and “registered finance company”.
Neither is true. Securities in the UK are regulated by the FCA.
Crypto Trading is not registered with the FCA or any other financial regulator.
As it stands the only verifiable source of revenue entering Crypto Trading is new investment.
Using new investment to pay affiliates a daily 3.6% ROI makes Crypto Trading a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Crypto Trading of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.