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CoinEgg Review – Is coinegg.com scam or safe cryptocurrency exchange?
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|Account type||Leverage||Trading Fee||Deposit Fee|
|Standard||N/A||0.10%||Free (Crypto only)|
CoinEgg is a cryptocurrency exchange, based in the United Kingdom. The company only focuses on digital assets, without providing any form of fiat currency trading. While this will make them unattractive for some companies
A lot of altcoins – at the time of writing of this review, 42 different assets are included on CoinEgg. While the usual suspects, such as Ethereum, Bitcoin Cash and Litecoin are present, some of the rest appear to be more exotic. You must check the details to get the full picture, but it’s safe to say these are not the top coins, in terms of market capitalisation.
While 42 may be a lot for some people, if you are looking for a specific coin/token, you should first do your research on the venues, where it is traded. Bittrex, Binance and EtherDelta are very likely to have it.
Low trading fees – the 0.10% fee on all trades makes CoinEgg a very competitive exchange. While other parts of their service may not be so pleasant, you must keep in mind a lot of exchanges charge something around 0.25%, with Kraken offering 0.26%, but a more trader-friendly environment.
Has not been hacked – CoinEgg has been around since 2020 and we didn’t find any information on a successful attack around this exchange. This is not a guarantee for the future, but is always a good sign.
Trading only against BTC – as we hinted in the beginning CoinEgg does not offer any type of fiat currency integration. Even the slightly controversial Tether tokens (USDT – a cryptocurrency backed by US dollars) are not listed.
Low liquidity on some instruments – this is to be expected given the nature of CoinEgg – fiat currency deposits are not supported and some of the tokens seem bizarre (at least to us).
Withdrawal fees up to 1% – this exchange charges withdrawal fees, which can go as high as 1% for the more exotic coins. The rates for the more popular coins are rather acceptable, with 0.001 BTC, 0.001 LTC and 0.01 ETH, respectively.
No leverage offered – CoinEgg does not allow traders to borrow money in order to speculate more aggressively. If this is what you are looking for, a forex broker may be a suitable alternative for you.
CoinEgg is a UK-based digital assets exchange. The company does not accept or send any form of fiat currencies, which puts them in the category of trading venues which are not regulated (as no legislation for them exists). This will definitely not be everybody’s cup of tea, but when it comes to exotic assets, CoinEgg offers a few of them. With such low fees, it’s not hard to see this exchange attract even more volume in the future.
Coming back to the regulatory aspect, we will reiterate what you probably know – dealing with cryptocurrencies still carries a significant level of risk. Even some of the top-tier exchanges have been hacked in the past. This is one of the topics on which the forex, brokers offering cryptocurrency trading have an edge. That being said, scammers do pop-up in the field of traditional finance. Check our list of tightly regulated forex brokers, offering Bitcoin below.
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Miningry.com Review : Scam Alert It Is Fake Mining Website
Below Project Look Like Not Safe For Investment . It Is Not Our Premium & Sticky Listing . Invest On Your Own Risk .We Are Not Responsible For Your Losses .
Miningry.com Detailed Scam Review
We Strongly Believe’s In Safeguarding The Readers & Subscribers Of Coinworldstory(CSW).
Coinworldstory(CSW) Has Done Its Systematic Analysis For Miningry.com .But They Have Not Reached Our Horizons To Declare Miningry.com As a Safe Platform . So It Is Our Duty To Inform You All To Stay Away From This Company & Do Not Invest .
There Are Various Parameters Which We Follow To Declare The Platform As Scam . Here Is The List Of Those Parameters.
Parameters Which CSW Consider To Declare Miningry.com as Scam.
No Real Proof Of Any Legal Document
We Not Found Any Legal Proof Of Any Document At Website . It Clear De-clear That They Want Hide Something .
Not A Real Mining Company
They Not Give Any Detail About Where They Mine . And Where They Use Investor Fund To Generate Income .
Support Not Responding.
We tried a lot to contact the support but they are not responding to us.
Unclear Methodology For Achieving Returns.
HYIP sites often give virtually no clues to how the promised returns will be generated beyond generic references to trading in foreign currencies, futures or other investments.
How To Protect Yourself.
1.Ask and check Always independently verify who you are dealing with and whether the seller of investment is licensed to do business with you. You can see who is behind a website by doing a “Whois” lookup online. You can confirm the status of an individual broker or firm, or investment adviser firm or representative using FINRA BrokerCheck. And you can check with your state banking regulator to confirm whether an e-currency site is registered. You’ll find contact information on the website of the Conference of State Bank Supervisors.
Coin World Story(CSW) Recommendation ;-Please Stay Away. Do Not Invest.Not Paying.
IS ABOVE COMPANY IS TRUSTED ?
Golden Rule For Investors
1. Never Invest More Than You Can Afford To Lose. – Invest Only Extra Money You Normally Spend On Luxury Items Into Hyips. Never Risk The Money You Usually Spent On First Priority Goods. It Isn’t Clever To Invest Money Into Hyip That Is Supposed To Pay Your Housing Bills. High Yield Income Projects Are Always Risky And It Is Dangerous To Risk The Money You Need To Support Yourself.
2. Divide Your Fund – The Best Option Is To Divide The Entire Amount Of The Investment Portfolio Into 8-12 Projects. Example: The Volume Of The Investment Portfolio Is $ 500, It Will Be Optimal To Invest In 8-12 Investment Projects Of $ 40-65 Each.
3.Research The Investment Program Before You Invest – There Are A Series Of Checks You Can Do To Test The Reliability Of The Program. One Way Of Analyzing Hyips Was Posted Here.
4. Withdraw Profit Regularly – And The Body Contributes On Time. If Profits Are Accrued Daily – Withdraw Them Every Day, If Once A Month, Withdraw Them Once A Month, If Hourly Charges – Every Hour. So You Quickly Reach The Breakeven Point.
5. Don’t Be Greedy – Even If You Keep Getting Decent Profits For Several Months, It’s No Reason To Think That This Is Sustainable. A High Yield Project Can Close Any Time. No One Knows When Not Even The Admin Himself. You May Find Yourself With Nothing If You Spent Your Money Recklessly.
Don’t Be Tempted To Invest In So-Called Vip Plans That Offer Extraordinary Profits If You Invest Higher Amounts (>1000$). Those Deposits Are So-Called “donors” That Will Be Used To Pay Regular Users.
Admins Don’t Rob Banks. They Are Simply Moving Money From One Investor To Another.
After All, Big Deposits Don’t Help The Lifetime Of A Project.
6. Stay Away From Projects With Lousy Customer Support. – If You Cannot Get Any Answer From The Support Team, You’re Probably Better Off Not Investing In That Project.
7. For Security Purposes, Each Project Must Use Different Passwords.
8. Keep Your Personal Information A Secret.- Keep As Much Of Your Personal Information A Secret. The Less Information Hackers Know About You, The Lower The Chance Of You Losing Your Money. In Fact, You Might Want To Change Passwords Regularly. Avoid Using The Same Password For Different Accounts/programs And Select Difficult Passwords Which You Can Remember. Also, Have Anti-virus Software And A Firewall To Prevent Any Key Loggers From Stealing Your Personal Data. This Is Your Money, Protect It.
9. Do Not Believe The Huge Interest.- As A Rule, They Show That The Project Is False Or Is A Kind Of Pyramid. Remember, 30-50% Of Monthly Income Is A Rather Adequate Percentage. If You Are Promised To Be Paid More Than 200% Of Your Investment, You Can Be Sure It Is Fraud.
10. Do Not Compound Your Interest – Until You Have Earned Your Deposit Back.
Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.
Mining City Review: Bitcoin mining securities fraud investment scheme
Mining City provides no information about who owns or runs the company on their website.
The Mining City website domain (“miningcity.com”) was first registered back in 2003.
The domain registration was last updated on December 20th, 2020, which is likely when the current owner(s) took possession of it.
“Prophetek” is listed as the domain owner, through an incomplete address in Cyprus.
Considering Cyprus is a scam-friendly jurisdiction, there’s a good chance these details are fake.
A video titled “Founder MINING CITY at Investment Seminar (Vietnamese Translator) 05/2020”, was uploaded to Mining City’s official YouTube channel on May 17th, 2020.
The video depicts a man with a distinctly eastern European accent presenting Mining City to a Vietnamese audience:
As you can see, the individual is named in the backdrop but it’s blurry.
With a bit of poking around I was able to find a higher resolution shot of the backdrop:
The founder and CEO of Mining City is Grzegorz Rogowski.
On LinkedIn Rogowski (right) goes by Gregory. I’ve also seen him credited as Greg Strong.
According to Rogowski’s LinkedIn profile he’s based out of Poland. This is presumably where Mining City is being operated from.
Prophetek started up late last year and appears to be a shell company through attached to Mining City.
Based on his LinkedIn profile, Mining City is Rogowski’s first MLM venture as an executive.
Despite being run from Europe, Mining City is primarily targeting Asia in their marketing efforts.
At the time of publication Alexa ranks Japan (50%), South Korea (26%) and Vietnam (13%) as top traffic sources to Mining City’s website.
Read on for a full review of the Mining City MLM opportunity.
Mining City Products
Mining City has no retailable products or services, with affiliates only able to market Mining City affiliate membership itself.
The Mining City Compensation Plan
Mining City affiliates invest funds on the promise of a ROI paid over 1100 days.
Mining City represents the more an affiliate invests, the higher their daily return rate.
City Mining Affiliate Ranks
There are five affiliate ranks within City Mining’s compensation plan.
Along with their respective qualification criteria, they are as follows:
Mining City pays referral commissions via a hybrid unilevel model.
In this model, affiliates you recruit are placed under you. Affiliates they recruit are placed on level 2 of your unilevel team and so on.
The hybrid nature of the model sees a Mining City affiliate paid 5% of funds invested by their first five recruited affiliates.
From the sixth recruited affiliate onward who invests, 10% is paid out.
From the sixth recruited affiliate the unilevel team kicks in, and multiple levels can be earned on.
Note that this is a coded bonus, so if a Mining City is not qualified to receive 5% on funds invested by their unilevel team, that commission is passed upline to the first appropriate level-qualified affiliate.
Joining Mining City
Mining City affiliate membership is tied to a $500 to $3500 initial investment.
The Mining City affiliate backoffice suggests that while investment amounts are quoted in USD, actual investment is made in bitcoin.
Mining City is your typical cloud mining unregistered securities investment fraud scheme.
Once again you’ve got eastern European scammers targeting gullible Asian investors out of their money.
The nature of Mining City’s investment scheme is passive, which qualifies it as a security.
Securities in Poland are regulated by the Polish Financial Supervision Authority. In Japan it’s the Securities Exchange Surveillance Commission (part of the FSA).
South Korea has its own Financial Services Commission and in Vietnam its the State Securities Commission.
Mining City provides no evidence it has registered its securities offering with any of these regulators. Or indeed with any securities regulator in any jurisdiction it solicits investment in.
This alone means Mining City is operating illegally in any country securities are regulated in (pretty much all of them).
Reflective of investor awareness in the countries they are targeting, Mining City instead feigns legitimacy through third-parties.
To that end Mining City publicize partnerships with third-parties, namely BTC.com and MineBest.
MineBest will be constructing an entire set of mining containers for exclusive use of MiningCity in Kazakhstan.
We will be posting information about the construction and the equipment on our social media channels.
I can’t stress this strongly enough: social media marketing is not a substitute for legally required regulatory registration.
One of the key reasons for this is because regulatory registration requires companies offering passive investment opportunities to file evidence (typically audited accounting), proving they are using external revenue to pay their investors.
To be clear: I’m not disputing any partnerships Mining City claims it has. I’m stating that from a regulatory and due-diligence perspective, they are irrelevant.
Signing a contract with a third-party is not evidence of external revenue (from any source) being used to pay returns.
Mining City might very well generate some revenue from mining, but there’s no way of verifying whether this revenue is being used to pay returns.
As it stands the only verifiable source of revenue entering Mining City is new investment.
Using new investment to pay existing investors in any capacity would make Mining City a Ponzi scheme.
On top of that they’re also running a pyramid scheme, by way of nothing being marketed to or sold to retail customers.
As with all MLM Ponzi and pyramid schemes, once affiliate recruitment slows down so too will new investment.
This will starve Mining City of ROI revenue, eventually prompting a collapse.
The math behind Ponzi and pyramid schemes guarantees that when they collapse, the majority of participants lose money.
One final point I want to touch on is is that according to his LinkedIn profile, Grzegorz Rogowski worked as Vice President of Marketing for MineBest from August to October 2020.
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One month later he launched Prophetek and presumably set about putting together Mining City.
MineBest is run by owner and CEO Eyal Avramovich (right).
MineBest’s website domain was for sale up until a few months ago. It was purchased by Avramovich on or around April 2020.
I’m not sure what’s up with Rogowski’s LinkedIn profile, but MineBest as it exists today only came into existence a few months ago.
To summarize; We have a new cloud mining company nobody has ever heard of, making a bunch of promises about setting up mining facilities in Kazakhstan.
Before any of that actually exists though, we have Mining City already soliciting investment 1100 day returns, purportedly from mining activity.
Mining or Scam? Hourly Mining Contracts Flood eBay
The auctions site eBay (NASDAQ: EBAY ) is now hosting the new trend in crypto assets – the sale of small mining contracts. However, the nature of those deals raises questions, possibly pointing to a scam.
One of the deals promised the buyer to mine 0.25 Ethereum (ETH) for the price of $125. Basically, the contract sold ETH at almost double the price of $213.05. The seller did not even need to mine, but just send ETH to the buyer.
The third type of contract also basically sells obscure coins for a relatively high price. In the case of Dogecoin (DOGE), the catch is that 100 DOGE will cost $0.58 to mine through the contract. Additionally, DOGE is not mined separately, it is produced as a part of Litecoin (LTC) mining, one more r.
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