Minelend Review: Questionable ICO Scam!

By | April 15, 2018

Minelend has been around for a few months as of posting this review. And during this length of time, these scammers have taken trader’s money and losing their investments with their schemes. The following review serves as as critical warning for all day-traders. Minelend is a harmful Scam you don’t want to mess with.

ICOs like Minelend.com are appearing all over the internet. Many of which are fraudulent programs promising traders larger returns, yet never pay. While investigating their suspicious website, we found several scamming factors indicating unsafe practices.

In addition to the typical promises of large profit gains, its come to our attention Minelend also has features of a Ponzi scheme. In other words, they offer affiliated programs to gather as many victims before shutting down.

That’s why we’re here. To warn day-traders about its hidden dangers. Before joining, please read our review first. Learn the truth these scammers don’t want you knowing about their Minelend Scam. New evidence confirms a money-losing fraud.

Minelend Review – Another ICO SCAM

minelend

Lets elaborate exactly what we’re dealing with. Minelend is an ICO, meaning Initial Coin Offering. Basically what this means is you invest a certain amount of money with their program. In return, they ‘mine’ cryptocurrencies like Bitcoin, Ethereum, and various others for you.

Sounds very simple and straightforward, right? Unfortunately Mine Lend isn’t that easy….nor are they honest.

Their advertised daily returns unrealisitic, ranging between 1% – 2% everyday. Although it doesn’t seem like much, its IMPOSSIBLE & Unethical to guarantee any fixed rate amount. This is far beyond what most legitimate sites could ever offer. Not to mention these claims of consistent “daily” profits are highly unrealistic due to constant market changes.

Allow me to clarify such ‘guaranteed’ returns presented by Minelend (and many frauds like it) are known as ‘door busters’, used to catch your attention and fool you into believing you can earn a sizable income without any risks.

In these situations, I’d like you to ask yourself this simple questions: “if an ICO such as Minelend can really generate these improbable consistent daily payouts of 2% easily absent risk as they claim, you honesty believe such programs would be spreading throughout the internet for free?”.

Speculations are one thing, but its vital we dig deeper into this Minelend Scam. Let’s review the specifics of their illegitimate methods for manipulating beginners.

Minelend Company = Illegal / Unregulated

Because Mine Lend represents an ICO investment firm, requiring members to invest “x” amounts of money for promised “y” returns. By law they must operate under the conditions of proper Licenses and Regulations.

These regulations are imperative, some mandated to comply with policies such as Know Your Customer (KYC) and Anti Money Laundering (AML). Of course any Scam like Minelend refuses these guidelines.

While trying to validate Mine Lend operations, our team simply couldn’t verify any certificates confirming licenses in which they must lawfully hold.

We’ve confirmed through both the FCA and FTC Minelend has never been licensed. Thereby they are trading and investing for its customers ILLEGALLY.

Minelend Developers? (Frauds)

I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this dubious Minelend Crypto trading system. They promise traders financial freedom solutions, but who are they?

If you step back for a moment, you’ll realize the entirety of this program contains no useful information. No Direct contact information except email. Nothing of which discloses any developers, founders or CEOs. They say this company consists of Bitcoin & Altcoin experts and entrepreneurs. But thats it.

Why doesn’t Minelend disclose their development teams info so investors can feel comfortable knowing whom they’re dealing with? We’ve been seeing a lot of these scammy ICOs appearing more often than ever. Such as BitAdvisor and CoinContract also carry the same vagueness and lack of transparency.

Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to remain anonymous as these criminals profit from your losses. Not once throughout the Minelend are visitors provided any valid information regarding its creators. Don’t you consider that strange??

Remember transparency is important when you’re about to “invest” your money. Traders should fee comfortable & safe in their decisions. Yet the level of mysteriousness surrounding Minelend simply beckons more suspicions rather than approval.

Fake Minelend Results

As we briefly mentioned before, Mine Lend makes some of the worst bold statements in regards to astronomical profits & returns. Imagine receiving a 30% each month on your initial investment? Just in a 4 weeks?! Its impressive, but highly unlikely.

Don’t forget the value of bitcoin & other Altcoins are constantly moving up and down due to constant market movements. These scammers ‘guarantee’ consistent returns of high amounts. However these promises are unrealistic because of never-ending market fluctuations.

The value of Cryptos can rise one day, drop dramatically the next. Just this past couple weeks, Bitcoin dropped over $3500 in value instantly. Therefore the promises of steady daily/weekly returns from Minelend are highly unlikely.

To this day we’re trying to find any happy members pleased with Minelend services. So far the number of people joined are NOT satisfied.

Minelend Ponzi Scheme

There’s far more beyond phony claims and unlawful companies happening throughout Minelend Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then they get shut down, but run away with your funds.

Minelend also contains an affiliated program where traders can refer other people to join. In return, you will receive a percentage from other people’s deposits. Their system is set up with different entry levels and downlines, which basically shares similar characteristics of the hated Pyramid / Ponzi Scheme.

Ultimately, Minelend does NOT mine any bitcoins or other cryptocurrencies. No proof of mining capabilities are disclosed. Instead these scam-artists make money & profit from your deposits & promoted services in the form of affiliations to gather more victims.

Still trust Minelend?

The main reason we’re debunking this rotten ICO scam is because of trader feedback. Because Minelend isn’t regulated, they’re getting away with shady practices, including NOT paying some members.

Regardless of the fact this ICO is relatively new, this unlicensed hoax has reportedly been refusing to pay various members their obliged withdrawals. Many cases of these withdrawal payments being denied, pending statuses or ignoring requests entirely are becoming known more & more.

While many members of Minelend are being paid, there are many other who’re being denied for no reason. Other than deliberate theft so these scammers can profit from your investment.

Sadly, man traders have been victimized, informing us how Mine Lend doesn’t not provide quality services. The crooks behind  Minelend are literally stealing your money and filling their own pockets.

This reason alone is more than enough cause which motivated us to warn others about this damaging software. Hopefully today’s Minelend Review will help prevent further losses from innocent investors.

Minelend Review – Summary & Helpful Tips

Finalized Review Judgement: Due to many disgruntled investors losing their money, and the fact this company isn’t legally licensed, its best to avoid the Minelend Scam. 

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Finding a safe trading app can be exhausting for rookie. investors, especially if you don’t know where to look. At Prestige Binary Options, we have you covered! Stay informed with our daily updated scam list. And don’t forget about our section of best trading apps containing various choices of autotraders & educational resources.

We thank our readers for taking time in reading our indisputable & honest Minelend Review. Hope it helps others from falling for this shady scam. Please comment below by sharing any feedback, input and dealings you might have with this faulty App.

Questions or General Inquiries? Email Paul – prestigebinary@gmail.com

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