CoinPay Hour Review Is It Scam Or Should I Invest

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CoinPay Hour Review: Is It Scam Or Should I Invest?

CoinPay Hour Review: Safe or Scam? CoinPay Hour LTD (CoinPay Hour.biz) is an ICO, and is relatively new in the Crypto world space. It is supposedly a Crypto investment company legally registered in United kingdom.(Company no. 11613189) Founded by a group of elite hedge fund traders, Their mission is to provide a stable platform for members to earn consistent profit from the new Crypto assets.

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How CoinPay Hour LTD Works:

CoinPay Hour LTD is an Initial Coin Offering, with the sole aim of making traders invest a certain amount of money with their program, and thus receive ‘mine’ cryptocurrencies like Bitcoin, Ethereum, and various others. According to the information on the web page, CoinPay Hour LTD offers a profit of 1.5%-10% every hour and also runs a lucrative referral program. It claims to have a state of art risk control system to minimize risk exposure.

What You Should Know About CoinPay Hour LTD:

There is more to what meets the eyes. CoinPay Hour LTD is a HYIP- High yield investment program which is a kind of Ponzi scheme, an investment scam that promises unsustainable high return on investment by paying previous investors with the money invested by new investors. It promises an unrealistic high return which no legitimate sites could ever offer. Few weeks to it been established, customers are already complaining of huge loses, ranging between complete loss of funds, failure to deliver advertised results, and even denial of payments owed to their clients. Though there are those who’ve successfully withdrawn funds from their accounts, there are many others filing disputes due to CoinPay Hour NOT paying money owed.

Conclusion:

CoinPay Hour LTD is nothing but a scam. It is illegal, unauthorized, has fake results coupled with faceless developers. Its referral program is a red flag, an indication that the crooks behind CoinPay Hour LTD sole aim is to get large customer base who they will exploit, thus filling their own pockets. CoinPay Hour LTD is a Scam!

CoinPay Hour Scam Review – Real Miner?

OFFICIAL URL: coinpayhour.biz

If you like cryptocurrencies, you might be interested in mining apps like the CoinPay Hour mining system. According to the website, this is supposed to be a really great Bitcoin and altcoin mining tool. However, things are a little bit unclear in terms of which coins are actually mined for. At any rate, we are informed that this CoinPay Hour app has the ability to provide us with as much as 10% in ROI per hour. Of course, if this is true, it would be totally awesome. After all, who doesn’t like getting a pile of free money every single day?

Yet, we did some digging around here and the CoinPay Hour system is not all that it is cracked up to be. The website itself is suspiciously short on information. Moreover, any information that is actually provided here doesn’t seem to be totally truthful. In short, these guys don’t really bother to back up or prove any of the claims they make. Through our research, we did find that there are a number of shady things going on here. This is why we are here today doing this CoinPay Hour review. We need to tell you about all of the scam factors which we found.

The CoinPay Hour Company – Real?

One of the first things that came to our attention here is that the CoinPay Hour company itself does not really seem to be legit. What we mean is that this business claims to be registered in the UK. Yet, we found absolutely no evidence that this is even remotely true. A company like this, one that accepts investments from people and claims to provide returns, does need to be registered and licensed.

When we looked up the CoinPay Hour company in the UK Companies House, where it should be registered, we just could not find it. Therefore, these guys are literally lying about being a legit company. This mining system has absolutely no legal standing. It is not officially allowed to accept investments from people at all. This is of course a big telltale sign that there is a crypto scam afoot here.

CoinPay Hour Software Leadership

Speaking of the company, what is also suspicious about this CoinPay Hour system is that there is no clearly defined leadership or ownership. There is nowhere on the website where we are told who is in charge here. This is super shady and we do not like it one bit. Folks, do you really want to invest money into a cryptocurrency mining system where the owners refuse to divulge their true identities?

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This is a pretty classic scam tactic. These crooks are in it to make a profit at your expense. They are doing illegal stuff and they don’t want to go to prison for it. The reason why they are choosing to remain hidden in a shroud of anonymity is because they are thieves. The fact of the matter is that you can never trust any kind of investment program, cryptocurrency or otherwise, that is anonymous. It just does not ever turn out well for anybody at all.

CoinPay Hour Mining App – How Does it Work?

The next red flag that came to our attention here has to do with how the CoinPay Hour system actually works. Yes, the website does talk about Bitcoin mining, but it is never made clear that this app actually mines for Bitcoin. The website does also talk about cryptocurrencies in general. This vagueness really does not sit well with us.

Why won’t these guys tell us exactly what is going on here and how the system works? What cryptocurrencies are actually mined for? What is the hash rate? What kind of mining hardware is being used? What are the overhead costs? Where are the mining facilities located? These are all questions that we definitely need answers to if we are expected to trust this CoinPay Hour app with our cash. However, they refuse to tell us anything at all, and therefore we have no choice but to deem the CoinPay Hour system as a scam.

CoinPay Hour Mining Software – Impossible Profits

This claim is so stupid that it is almost laughable, at least if not so many people had already fallen for it. The claim is that CoinPay Hour software has the ability to generate 10% ROI per hour, for 24 hours straight after each investment. For one, we are never told if the ROI is based on the initial investment alone, or if the ROI actually compounds per hour.

Either way, this would mean that in a 24 hour period, the CoinPay Hour system could provide us with profits of 240% at the very least. Folks, do you really think that you can more than double your money in a single day? Heck, we aren’t even really told how the mining works here. Either way, making this much cash off of BTC mining in a single day just cannot be done. We also know that several people have come to us complaining that their initial investment simply disappeared.

This is not to speak of the terrible affiliate program that is in place here. Apparently you can earn up to 6% off of a friend’s investment. In other words, if you get a friend to invest through you, will get a 6% cut of the action. Well guys, the CoinPay Hour system never actually pays out these bonuses at all. It’s just an easy way for them to widen their casting net and screw even more people out of their hard earned money.

CoinPay Hour Review – Conclusion

Ok, so the owners of the CoinPay Hour mining app are nowhere to be found. The company itself is not actually legal, registered or licensed. The promised profits are totally ridiculous, as is the referral program. At the end of the day, it is obvious that the CoinPay Hour system is nothing more than a cryptocurrency scam. It is a huge pyramid scheme and a Ponzi scheme, one meant to rip you off. If you invest money with this Bitcoin mining program, you will not make any kind of profit.

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To date, we have settled close to 2,000 trading disputes and we will not stop until we put every last scam out of business! If you have been cheated out of money or scammed by any fraudulent trading service, we encourage you to reach out to our complaint center for free help. If you need help, we will provide it for you!

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