Cryptoshareinn.com Reviews Scam

Cryptoshareinn.com Reviews

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CryptoShareinn Review - Is CryptoShareinn a Scam?

CryptoShareinn is a scam website that claims to have crypto investments. It offers a 5% referral commission and promises returns of 20% per week.

The site has been around for less than a year and its Tranco rating shows that it has already attracted a lot of traffic. It is not uncommon for new scams to gain a high Tranco rating in a short amount of time.

CryptoBase is a Scam

CryptoBase is a scam, and we do not recommend trading with them. They are unregulated and have many complaints and negative reviews from traders.

Scammers use a variety of tactics to deceive investors, including misleading marketing, high-pressure sales tactics and fraudulent business practices. They often use misleading or confusing company names, as well as fictitious addresses and fraudulent regulatory licenses.

Fraudulent companies may also try to gain the trust of potential investors by advertising a number of lucrative services and promises. They may then demand an upfront payment before delivering a service or product that doesn’t exist.

These schemes may be referred to as “imposter” websites because they mimic the appearance of other legitimate businesses or individuals. These scams are often a form of identity fraud and can result in lost funds, stolen identities, and damaged reputations.

Some of these scams include advance fee scams, affinity scams, asset recovery scams, and tech support scams. They typically involve asking victims to pay upfront for services they do not need, such as computer repair or virus removal.

It is a Ponzi scheme

A Ponzi scheme is an investment scam that promises high returns in exchange for a small initial deposit. These schemes require a constant stream of new investors in order to function and usually end up taking a substantial amount of your money.

The website of CryptoBase claims to be a cryptocurrency trading platform, but their claim to provide up to 20% weekly returns is dubious at best. Furthermore, they give a 5% referral commission to their members which is a red flag.

The website also appears to be randomly copied from several other websites, including some which are scams themselves. A domain name lookup shows that the site was registered only in August 2020 and the entire content of the page is duplicated on at least 97 other sites.

It is a Pump and Dump

A pump and dump is a scam in which a core group of people buy up coins to pump them up in price. This causes a FOMO (fear of missing out) reaction from others, which leads to buying pressure and a sudden spike in prices. However, as soon as the initial group sells their shares, this causes a collapse in price, making the rest of the investors lose all of their money. This can occur with any coin, but is particularly common in crypto.

According to the domain owner, this site is part of a long list of domains which are all owned by Andrei Melkov (who also owns a number of other scam sites) including bitswet, trezbit, trezxbit, Auecoin, trahbit, wixybit, ebalabit, loot-trade, fastxbit, vdulbit, lyablyabit and coinecrypt.

It is a Traffic Farm

CryptoBase is a site that offers a variety of services related to cryptocurrency. This includes the ability to invest in cryptocurrencies, buy coins with your credit card, and send money to other users via a secure messaging service. It also features a chatbot and a mobile app. However, the gimmicks don’t outweigh the dangers of signing up for an account with this scam website.

CryptoBase claims to be able to make you 20% weekly returns on your investment, but this is unlikely to happen. They offer a 5% referral commission to their members, which is another sign that they’re running a Ponzi scheme.