SatoMiner Review – SCAM Warning (2019 Update)

By | January 27, 2019

Satominer has been causing serious issues for many people. While some people are thinking of joining, may others have regretted that decision. The following review contains much need-to-know information about this “mining” Scam. A detailed synopsis exposing the reasons why Satominer isn’t safe.

There are several issues throughout Satominer.io which cause concern. From their ‘consistent’ results they promise, to fake results, its becoming clear this program isn’t any different from other scams.

So what want to do is discuss these details together with you. In addition, we invite everyone to share their experience by leaving a comment, that is if you have any experience with this questionable Satominer manning program.

We believe our team has raised some important topics everyone should think about before investing their money. Time to reveal what SatoMiner is truly about. 

SatoMiner.io Review – Possible Scam Exposed?

satominer

Lets elaborate exactly what we’re dealing with. SatoMiner is an ICO, meaning Initial Coin Offering. Basically what this means is you invest money with them. And in return, they ‘mine’ cryptocurrencies like Bitcoin and other altcoins for you as a returned profit.

Sounds very simple, however SatoMiner isn’t that simple….nor are they honest.

Their promised results are absolutely ridiculous. Ranging 5.35% everyday, and ‘x’ amount of Satoshi (Depending on which plan you choose).

But something they don’t clearly tell you unless you do a bit of research, is you have to keep paying for the plan you want every month or so. In reality, you end of paying more for one of their plans than you actually earn in cryptocurrency value.

This aspect alone makes Satominer the definition of a pointless investment.

But one things for sure, not matter if you’re trading, investing, or mining, you cannot ethically promise anyone any fix rate of income. Whether it be cryptos, satoshi, or profits.

Speculations are one thing, but its vital we dig deeper into this corrupt SatoMiner scam. Let’s review the specifics of their illegitimate methods for manipulating their customers.

SatoMiner (Legal Mining?)

Because SatoMiner represents itself as a Mining investment company, requiring members to invest “x” amounts of money for promised “y” returns, by law they must operate under the conditions of proper License and Regulation.

While trying to validate their operations, our team simply could not verify any certificates confirming any licenses in which SatoMiner should be mandated to hold.

On their platform, there’s a section stating their ‘legally registered’ British Company. Unfortunately that doesn’t solidify any LEGAL validations either.

We’ve confirmed through the Financial Conduct Authorities (FCA) & the Federal Trade Commission (FTC) SatoMiner.io isn’t licensed. Thereby they are trading and investing for its members illegally.

Who’s created SatoMiner?

I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this SatoMiner app. 

If you step back for a moment, you’ll realize the entirety of this SatoMiner program contains no useful directories. They’re described as team of “professionals” with collaborative experience. But nothing which discloses any developers, founders or CEOs. 

Why don’t they disclose their identity so investors can feel comfortable knowing whom they’re dealing with?

Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to maintain anonymous as these criminals profit from your losses. SatoMiner is just another vague scam hiding in the shadows to disguise their shady activities.

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 SatoMiner.io simply beckons more suspicions rather than approval.

Fake SatoMiner Results

As we briefly mentioned before, this scam makes some bold statements regarding ‘guaranteed’ results & returns. And as a desperate measure, they display fake payouts on their website. 

However, this isnt something new. Displays of fake results constantly updated on some cheap widget is pointless. Especially since there’s no way of verifying they’re actually real.

To make matters worse, the fact you have to continuously re-pay SatoMiner for the mining plan you’ve already chosen seem pointless. In most cases, you pay more for the plan than what you make mining cryptos.

Think about it, if their results were real, there would tons of wealthy investors all over the internet accredited to SatoMiner. But to this day we’re trying to find any happy members pleased with their services. So far the number of people who joined are NOT satisfied.

SatoMiner Ponzi Scheme Exposed!

There’s more beyond phony claims and unregistered companies happening throughout the SatoMiner Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then run away with your funds.

SatoMiner.io also contains an affiliated program where traders can recruit other people to join. In return, you will receive a percentage from their deposits. Their system is set up with different entry levels and downlines. Basically sharing similar characteristics of a Pyramid/Ponzi Scheme.

In reality, these crooks do NOT really mine cryptos for you. Instead they profit from your deposits, & promote their services in the form of affiliations to gather more victims. Allowing them to profit from your losses.

Still Joining SatoMiner?

The main reason why we’re debunking SatoMiner is because of negative trader feedback. As we’ve already covered earlier, their results are unreachable. But worse, traders are NOT begin paid their dues.

That’s right folks, this non-regulated fraud 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 there are many traders who are being paid, there are many others reporting payment refusals.

Sadly, too many traders have been victimized by this bogus mining system, informing us how they’re not provided any reputable service. They are literally stealing member’s 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 SatoMiner Review will help prevent further losses from innocent investors.

SatoMiner Review – Summary & Helpful Tips

Finalized Review Verdict: Since late last year, many people have joined. Some have enjoyed their experience, while others have been cheated. Due to conflicting reviews and non-consistent reputation, its best  to avoid any mining with these crooks.

(Top Easy App for Beginners! Regulated Brokers! Earn Money Daily)

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 SatoMiner 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 ICO App.

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

Stay Informed on scams and new opportunities by subscribing to Prestige Binary Options YouTube Channel, ‘Like’ us on Facebook, and follow us on Twitter & Google Plus! We do our best in providing Comprehensive reviews with unwavering facts and personal trader relations.

Summary
Review Date
Reviewed Item
Satominer
Author Rating
11stargraygraygraygray

Leave a Reply

Your email address will not be published. Required fields are marked *