Is Super Crypto is another scam

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Hi Money Bye Scams

Learn to Earn Money Online and Avoid Scams

The Crypto Genius review – Another scam to avoid?

  • Online opportunities

by Miren – December 23, 2020 2

I recently came across a site called The Crypto Genius, which looked similar to other scam sites I’ve reviewed before.

But I didn’t want to judge it without knowing what it was about so I looked deep into it to determine whether it was worth it or not.

Make sure you read this review to find out the truth about The Crypto Genius and end up making the right choice.

Table of Contents

The Crypto Genius review

Name: The Crypto Genius

Websites:

  • thecryptogenius.com
  • thecryptogenius.co
  • thecryptogenius.net

Owner: “Chris Peterson”

Price: at least $250

Created in: October 2020

Overall Rating: 5/100

If you’re sick of scams, check out my 1st resource to make money online here !

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

What is The Crypto Genius?

The man who narrates The Crypto Genius sales video, Chris Peterson, claims you can earn at least $5900 per day thanks to The Crypto Genius trading software.

He claims this software is working for over 10,000 people, since they all are making $5900 per day.

His made his fortune of over 13 million dollars by investing in cryptocurrency. And he did it all within the last 18 months.

He’s hired a team of developers to create a cryptocurrency trading software, which is supposed to recognize the most profitable trades and enter the market 0.39 seconds faster than any other software.

And the best part is, all trades are done automatically so you only have to turn the “auto trading” button on and then the software starts trading.

So you don’t need any experience and won’t have to learn anything about trading to make money as this software already does everything for you, or at least that’s what Mr Peterson claims.

Therefore, is there a catch? Yes, let’s see how this Crypto Genius software really works.

How The Crypto Genius really works

The Crypto Genius works just like other binary options scam softwares, which have only been created to benefit its owners.

“Chris” claims this software is free to use but this is not true. You can join that software for free but you’ll have to invest money in order to start trading.

After you complete a form with your phone number, your name, a password and your email address, you’ll get access to the software and will be required to fund your broker account with at least $250.

The problem here is that the brokers the Crypto Genius scam artists work with are unlicensed and are known to get away with the trader’s money.

That’s why you can expect to lose your initial deposit. The software is designed to lose the trades instead of winning them.

And the ones who get to profit here are the scammers behind The Crypto Genius, who get paid by the unregulated broker for referring new depositing customers.

Apart from that, you can also expect them to call you and tell you to add more funds to your trading account. Those con artists never limit themselves when it comes to the amount of money they want to get.

Is The Crypto Genius a scam?

I’m 100% sure that The Crypto Genius is a scam that will not make you any money.

The whole sales video and page has lots of red flags that tell me we can’t rely on The Crypto Genius software to become financially free.

Let’s see some of the scam signs that expose The Crypto Genius as the hoax it is.

Chris Peterson is a fictitious character

Chris Peterson is not the real creator of The Crypto Genius and everything he says about himself is invented.

He has not appeared on Forbes, Business Insider or Bloomberg. In fact, there’s no information about him outside The Crypto Genius page.

I know he’s a fictional character because I found out The Crypto Genius page has been translated to other languages like Spanish so I checked out the Spanish version and it says the same man is named Cristian Rodríguez.

The truth is that this guy has nothing to do with The Crypto Genius software. The picture above is a stock photo that anyone can purchase and use it like they want.

The video testimonials are paid actors

The people who appear in The Crypto Genius sales video are not real members of that software. They’re basically actors & actresses that have got paid to recite the script the scam artists have given to them.

Let’s take a look at this one:

I remember seeing this woman in the 30 Minute Money Methods sales video, a low quality/scam program I exposed some weeks ago.

The truth is that there’s no one who has benefitted from The Crypto Genius software (without taking the scammers into account). They wouldn’t have used paid actors to get positive reviews if the software really worked to make you money.

The comments are fake

We can also read some comments in the Crypto Genius sales page, but the problem is that all those comments are a complete fabrication. They’re not real.

Fake comments and testimonials

All those people are not involved in The Crypto Genius and might not even know their pictures have been used to create fake characters.

I know this because I checked out the Spanish version of The Crypto Genius and noticed the testimonials are false because the name of those people above are not the same.

This is something I’ve seen in lots of other scam sites. They create fake comments and testimonials to make you believe that their program or system works.

They prey on your hopes and dreams

They want you to believe that you’ll be able to quit your job, pay off your debt, have a luxury lifestyle where you can go on vacation whenever you want and not have to worry about money anymore, all without doing nothing.

It’s possible to accomplish all that, but the way they claim. You can make the kind of money that will allow you to quit your job and have a life you love, but this will not happen overnight. This takes time and you’ll have to put in the work. Great things have never come the easy and fast way.

My final verdict

I believe I’ve provided enough information to prove that The Crypto Genius is not a software that can be trusted.

They make lots of fake claims and tell many lies that clearly indicate people behind The Crypto Genius don’t really want to help you make money.

Other systems and softwares that need to be avoided are the following:

These get-rich-quick schemes are only designed to make the scam artists richer at your expense. There’s no loophole or push button method that you can use to make money online fast.

When it comes to making money online, there are more scams than programs I can suggest.

But if you ask me what’s the best program that I can recommend to people who are committed to doing what it takes to earn a living online, then this is it .

This program provides step-by-step courses, video training and other useful tools that will help you build a thriving business online in a way that’s sustainable for the long-term.

Thanks to this program, I’ve learned so much and I’ve also made money online.

When it comes to support, you can count on me and other bloggers & Internet entrepreneurs for support and help. It’s great to know that you don’t have to do this alone!

I also let you know that this program has a free membership so you can get started without spending a penny =)

If you’re interested in learning more about my top recommendation, click the button below now:

It’s time you say bye to scams and get on the right track to success!

I hope this review has been helpful to you and you make the right choice for you.

If you have any questions or opinions concerning The Crypto Genius or anything else, don’t hesitate to leave a comment below and I’ll get back to you ASAP!

Is Virtualmining.farm A Scam? Not Another Crypto Ponzi Scheme..

There’s a lot of different crypto opportunities and many are just straight up scams.

Today we’re going to be looking at Virtual Mining Farm to determine if it’s legit or not (it’s not).

You’ll learn everything you need to know about this company including background information, a look at how you make money here and reasons why you shouldn’t join.

Let’s get into it!

Virtual Mining Farm Summary

Product: Virtual Mining Farm

Price to join: Need to invest Bitcoin to participate.

Rating: 0/100

Do I recommend? No.

Summary: Virtual Mining Farm is a service that allows you to mine for crypto without having any hardware.

Basically you invest Bitcoin with the hope of getting daily returns. The problem here is the program isn’t paying people out and there’s likely no mining going on.

They use the Bitcoin you invest to pay out people that joined before you. This is known as a ponzi scheme and is a complete scam.

Better opportunity: If you’re looking to make money online legitimately, click the button below. There you will see how I make 6 figures online.

Virtual Mining Farm FAQ’S

1) What is Virtual Mining Farm? Virtual Mining Farm is a very sketchy crypto website where you invest Bitcoin to earn more Bitcoin by mining.

There’s no proof, however, any mining is happening and I’d say there’s 100% chance there isn’t mining going on.

2) How do you make money here? There’s two ways to make money here. The first I just explained and that’s investing Bitcoin to get more Bitcoin in return (not going to actually happen).

The second way is to recruit people into the scam and earn Bitcoin every time they invest Bitcoin and every time they withdraw.

The second is honestly the more profitable way but it would require you to unethically recruit people into Virtual Mining Farm.

3) Are there any red flags? I’ll go over every red flag more in depth but everything about this company is a red flag. You don’t know who the owner is, there’s proof whoever does runs this company is running other similar scams, it’s a ponzi scheme and more.

4) Are there any other companies like this one? There’s plenty of these crypto companies like Pi Network, Ad-Doge, Gominer, etc.

The Owner Is Unknown

I review these kinds of make money online opportunities all the time – I’ve done hundreds in the last couple of years.

Every scam is both unique in its own way but they also all share common traits.

One of the biggest red flags you can have with a company like this is when the owner is never mentioned.

Some scams will have a fake owner but Virtual Mining Farm doesn’t even go that far.

They just straight up don’t even say who runs this company. This usually means the people behind the opportunity are serial scammers and have other scams going.

This is true for Virtual Mining Farm.

Part Of A Larger Scam Network

I don’t know who runs Virtual Mining Farm but I do know that whoever runs it runs other scams as well.

There’s an almost identical scam being run in Thailand called Crypto Mining Farm which looks like the following:

This site has the exact same format as Virtual Mining Farm except there’s a difference in color. Obviously the names of the companies are basically the same as well.

Crypto Mining Farm is begin investigated by Thailand authorities for defrauding millions from investors.

The scheme is exactly the same as Virtual Mining Farm except Virtual Mining Farm is targeting Central and Southern America.

This Is Ponzi/Pyramid Scheme

A ponzi scheme is when new investment is the only source of revenue and a company is lying about how the company makes money.

Virtual Mining Farm claims they get your returns through crypto mining but there’s no proof of this.

What is happening is they take the Bitcoin you invest and just give it to the people who invested before you.

These people are under the belief that the Bitcoin came from mining and gives them confidence to pay out more.

Ponzi schemes never last, however, and are guaranteed to fail. Eventually new investment slows down and there’s not enough money to pay everyone out.

When this happens Virtual Mining Farm stops paying people out which is what is happening now.

Additionally, this comapny is a pyramid scheme which looks like the following:

A pyramid scheme is when recruitment is the only way to make money. You can recruit people into the system but you can’t sell any service independent of recruiting.

This means Virtual Mining Farm is a pyramid scheme and like ponzi schemes, pyramid schemes fail 100% of the time.

When recruitment slows down so do payments. Eventually this prompts a collapse and most people lose their money.

Virtual Mining Farm Compensation Plan

The compensation plan here is based around recruiting and building a downline.

It pays out in a unilevel structure and looks like the following:

Basically you earn money from every person who invests Bitcoin that you recruit and your recruit’s recruit.

You can earn down 30 levels below you.

On personal recruits you earn 10% of all Bitcoin invested and from levels 2 to 30 you earn 0.7%.

You also earn residual commissions down to 5 levels. Residual commissions are when someone in your downline withdraws their money.

You earn 20% on personal recruit’s withdrawals and .5% to 5% on levels 2 to 5.

Virtual Mining Farm Is Committing Securities Fraud

Since this is a passive income opportunity it’s known as a security.

In most countries there are laws to offering a security and you have to register with certain authorities to be legal.

According to Alexa the main countries this company targets is Venezuela, Mexico and Columbia.

Nowhere does Virtual Mining Farm say they are properly registered in any of these countries.

This means this company is committing securities fraud and you may get in trouble promoting it.

Virtual Mining Farm is likely scamming millions from people and it could one day face a big lawsuit.

You don’t want to get swept into this because you were promoting them.

is Virtual Mining Farm A Scam?

Virtual Mining Farm is the definition of a scam and there isn’t a single legitimate thing about it.

It’s clear this is part of a wide, global scam and the people who run it are serial scammers.

They’re connected to an identical scam that targets Thailand and scammed millions from unsuspecting victims already.

That’s the only thing that’s going on here.

They’re trying to get people to invest Bitcoin and promising returns that’ll never come.

If they do payback anything it’ll only be for a short time until new investment slows down.

When that happens payouts stop and the entire scheme comes crashing down. Most people lose their money when this happens and it’s almost impossible to get your losses back.

Stay away from Virtual Mining Farm!

Here’s A Better Opportunity

Hopefully by now you’ve decided Virtual Mining Farm is a scam and you don’t want to be involved.

If that’s the case and you’re still interested in making money online, you should check out Wealthy Affiliate.

Wealthy Affiliate is the single best place to learn how to make money online and it’s where I learned how to make over $100,000 on the internet.

Wealthy Affiliate is completely free to try!

Most Common Cryptocurrency Scams & How to Avoid Them

The growth of the blockchain and cryptocurrency space has been undeniably exciting. Tech innovation and the fast paced new trading paradigm continues to attract big crowds, but this also includes a number of bad actors.

Based on Cryptonerds’ (https://twitter.com/CriptoNerds) beautiful infographic, we want to outline some information to help the community identify and avoid scams. People are generally more aware now than in the past, but new scams are still perpetrated daily.

Types of scams

In a recent study 80% of the ICOs conducted in 2020 were identified as scams. One of the most popular was Confido. In November 2020, the team raised $375,000 and disappeared shortly after. As soon as the news spread, the token price plummeted from $0.60 to $0.10 in less than 2 hours and then to fractions of a cent a few hours later.

An even larger ICO scam was Centra, which raised $32M and was supported by celebrities Floyd Mayweather and DJ Khaled. In April 2020 the two founders were arrested, and in a similar manner to Confido the coin lost almost all its value following the news.

Another typical ICO scam is simply listing fake team or advisor profiles, be they imaginary with stock images or often blatantly stolen from well known advisors. Images of team members can easily be reverse image searched on Google. If you find a match under a different name, it is likely that the ICO is a scam, especially if the picture happens to be of Ryan Gosling — as per an ICO named Miroskii earlier this year.

2. Social media giveaway scams

Be aware of social media groups and users (on Facebook, Telegram and Twitter), sometimes impersonating notable figures in the crypto space such as Vitalik Buterin or Andreas Antonopoulos, that offer giveaways. Whenever you read “send 1 ETH to this address and receive X amount back”, that ia a sure scam. Crypto is money and nobody is giving away money for free.

3. Cloned websites

Exact clones of legitimate projects, generally exchanges or ICO websites, are used to steal funds and personal information. Always double check the URL and bookmark the websites that you visit often. Cloned websites will use similar letters in the URL to make it look like the real one at a quick glance, for example using “m” instead of “n”, “0” instead of “o” and so on.

Be aware of ads leading to phishing sites. Recent examples include Google Ads to cloned exchanges and Reddit ads to Trezor hardware wallet sale offers. Always bookmark the legitimate URL and don’t visit other URLs even if they look similar. Chrome extensions like Metamask help to avoid phishing sites.

Both Etherdelta, a now almost defunct decentralized exchange, and MyEtherWallet were victims of DNS hacks (https://www.ccn.com/cryptocurrency-exchange-etherdelta-hacked-in-dns-hijacking-scheme/, https://bitcoinist.com/myetherwallet-users-lose-funds-to-dns-hack/). A DNS hack occurs when traffic is redirected from the legitimate website to the scam site by modifying DNS records of the legitimate site. This means that a user visits the correct URL, but is unknowingly redirected to a scam site. These are particularly tricky because even if you visit the site from a bookmark, you may still be deceived. One great way to avoid DNS hacks is to verify the SSL certificate of the website you’re visiting. Major targets for DNS hacks such as MyEtherWallet or MyCrypto both have specific SSL certificate names. If the SSL certificates don’t match or you receive an error exit the website immediately. Another way to prevent DNS hacks for MyEtherWallet and MyCrypto is to run them offline locally on your computer.

Also known as phishing, fake emails can redirect the users to fake websites where they attempt to steal funds and personal information. These often arise during ICO crowdsales. Databases of emails and other personal information have been obtained by scammers from past ICOs in an effort to fleece future investors of their funds.
https://www.reddit.com/r/CryptoCurrency/comments/8c33ce/scam_alert_coinbase_erc20_support/

7. Fake support teams

Another type of phishing campaign, these groups pretend to be the support team of a project and ask for personal information, deposits, or private keys.

8. Fake exchanges and apps

When it comes to exchanges, stick to the well known ones such as Binance, Kraken, Bitfinex, Kucoin, Huobi, Bibox, Coinbase and Gemini. At the moment of writing, CoinMarketCap lists 204 exchanges and there’s a good chance that among them there is another BitKRX, a fake exchange that was discovered and seized in 2020: (https://www.coinwire.com/south-korean-government-cracks-down-on-fraudulent-exchanges).

Also, watch out for the legitimacy of apps you download to your phone or browser.
https://twitter.com/myetherwallet/status/939763116522344448

9. Cloud Mining scams

The increasing popularity of cloud mining, due to higher costs of mining equipment and electricity for individuals, has given bad actors another easy way to perform fraudulent activities. A well known case is MiningMax, a cloud based mining service that was asking people to invest $3,200 for daily ROIs over two years, and a $200 referral commission for every personally recruited investor, making it a clear ponzi scheme. The website scammed investors out of as much as $250 million.

10. Ponzi, pyramid and multi-level

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. The most notorious Ponzi scheme in crypto was Bitconnect. It surprisingly managed to stay active for a year, until they executed the largest exit scam to date (https://thenextweb.com/hardfork/2020/01/17/bitconnect-bitcoin-scam-cryptocurrency/). At the moment of the collapse, the market cap of Bitconnect was around $2 billion and the price of the single coin was around $320. In less than 24 hours it plummeted to $6 and the market cap was reduced to $40 million. Bitconnect had a huge following and the marketing was very well orchestrated as it often happens in successful pyramid schemes. Bottom line, always think with your head and if something sounds too good to be true it probably is.

Some redditors compiled a list of Ponzi schemes in the cryptosphere a while ago, doesn’t hurt to check once in a while: https://www.reddit.com/r/CryptoCurrency/comments/7r6chx/here_is_a_list_of_crypto_ponzi_schemes_and_people/

11. Malware and Crypto Mining

Malware in crypto comes in two forms; the most common comes when malicious software is installed, generally with naive consent of the user, on a computer or mobile device, with the intent of stealing private keys or funds.

Crypto mining malware is the second form. In this case the malware secretly uses the infected computer’s resources to mine cryptocurrency, effectively creating a decentralized mining network (https://www.zdnet.com/article/why-cryptocurrency-mining-malware-is-the-new-ransomware/).

One telltale sign of crypto mining is increased CPU or GPU usage. This can result in your device becoming more noisy as the fan speed increases to keep the device cool.

Be extremely cautious when installing software on the computer that you use for trading or dealing with crypto. If you’re using Google Chrome, pay attention to the extensions that you are installing and in general always double check the authenticity of the app and its source.

12. Fake Pools and OTC scams

Fake pools are generally organized through Telegram or Discord group chats. These groups offer allocations for upcoming ICOs and ask you to send funds, generally Ethereum, to contribute to the pool in order to receive the ICO tokens later on. While some of these groups are legitimate although generally very hard to get into — they might require a steep monthly fee, KYC and a specific skill set — most of them are just scams. Moreover, due to the anonymous nature of crypto, once you send the funds to a fake pool there is no way to get a “refund”.

Fake OTC (over the counter) scams operate the same way. They offer to sell or buy assets directly from you, ask you to send the funds first and then never send you anything back. OTC deals are extremely risky so proceed with caution and use a trusted third party as an escrow. Be careful since the intermediary could be an accomplice of the person that is offering the OTC deal.

13. Pump and dumps

Pump and dump groups manipulate the price and the volume of a coin — generally lesser known, lower cap coins. They initially pump the price in a short amount of time by coordinating the purchase of large amounts and subsequently they sell it dumping the price. The caveat is that these groups have different levels and the higher levels communicate which coin is getting pumped to the lower levels only when they already bought it. The lower levels are the ones that are getting dumped on. These are in fact pyramid schemes. https://cointelegraph.com/news/pump-and-dump-in-crypto-cases-measures-warnings

Recently several prominent crypto influencers reported their assets stolen by the attacker taking over control of their phone number. How this works is shockingly simple. The attacker impersonates the owner of a phone number when calling the mobile phone provider and asks for the number to be transferred to a new SIM. Consequently the attacker has access to your email, 2FA and all relevant tools to steal your assets.

This video and article from Motherboard sums up how to protect yourself from phone hacking:

How to Protect Your SIM Card and Phone Number

Your phone number is quickly becoming the key to your digital identity, so it’s important to know how to protect it…

video.vice.com

Typical Red Flags

  1. Promise astronomical gains

Always keep in mind that if it sounds too good to be true then it probably isn’t true. Simply put, always suspect of any project that offers high returns on your investment.

2. You have to invite more users

Doubt and suspect: when you are asked to invite other users it is a clear sign that it is a Ponzi scheme. Although keep in mind that affiliate programs are a different thing and always voluntary.

3. They ask for your private keys

Never share your passwords, private keys or security phrases. Any individual, project or ICO that asks for your passwords, private keys or security phrases are scams.

4. Previous scam

A scam will always be a scam. If a project or a startup or an individual has been accused of being a scam in the past, be careful as it might be that they might be a scam again.

Do not trust articles or a website of a project. It is of utmost importance to verify that the team has LinkedIn profiles and possibly go beyond that and do a full background check with Google and Twitter/Facebook. If the team information isn’t public there’s a good chance that it could be a scam.

How to evaluate the legitimacy of ICOs

  1. Reputation

– Are there full names and faces associated to the project?

– Do they have active LinkedIn or other social media profiles?
– Is the whitepaper original or is it a copy of another whitepaper?

– Are there confirmed partnerships with other companies?

– Does the project have a roadmap, a working product or it’s just an idea?

– Are they a registered and incorporated company?

If the project has been abandoned, then it isn’t worth your time and money.

– What do people say on the different social media channels about this project?
– Is the team interacting with the community and what is their attitude?

Not everything needs the blockchain.

– Does the project need the blockchain or can the problem be solved with a classic database?

– Is the technology behind this project actually solving a problem?

– Is there any other project that is trying to solve the very same problem?

– Does the project have a clear objective?
– Did the team meet the deadlines in the past and reached the goals stated in the roadmap?

– Did the team run into any problem during the development and how did they handle it?

– Has the coin been through a pump and dump before?
– Was there any recent change on the team structure?

Conclusion

At the end of the day, while there are numerous scams, schemes, and perpetrators of various fraudulent activities throughout crypto, the best approach is to proceed with a reasonable degree of skepticism and care. Despite the number of fraudulent projects, there are countless reputable, and well run projects and groups that make investing in cryptocurrency worth while.

As with many things in life, exercising reasonable caution when dealing with finances is the best approach, so whenever you are visiting a new website, see something that feels too good to be true, or are storing or accessing information using your private keys, take care, and ask yourself if you could be exposing yourself to any undue risk.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading, Strategies and Robots
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: