EnvBTC Review: A Cloud Mining Scam Exposed

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Cloud mining is an integral part of crypto investment; EnvBTC is taking advantage of this lucrative industry. After checking out their promises, we immediately knew something was amiss. Env BTC claims to offer 1.3 to 25 percent ROI every day. This is unimaginable, and no expert or robot can achieve this feat. Envbtc.com is trying to seduce investors into depositing funds to a non-viable crypto program. Join us as we uncover the truth in this detailed ENVBTC Review.

EnvBTC Review

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About EnvBTC

There’s not a lot to go on with their about us page. The owner does not indulge users with the nitty-gritty of the company. We don’t know where the platform is situated or who runs the platform.

Once you land on their homepage, you get an aesthetically appealing website. We have to give them credit for creating an engaging website. The only issue we have is the cramping of information on the entire page.

With a lot of information to go through, this is not a user-friendly website. It has a low trust score which is bad enough for investors. The address on their certificate indicates they reside in the United Kingdom.

Our research shows a completely different story to this platform. Before using your impulse and signing up with EnvBTC, we suggest you read this post. What we found out regarding the end-game will shock you.

Account opening procedure

When opening an account with the platform, you don’t need to pay any amount. And that’s another suspicious reason to stay away from the platform. With the high-profit margins they promise users, you expect a charge when opening an account.

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The owner does this for good enough reason. They want anyone with funds to deposit with them. You don’t have to have any Crypto experience to join this platform.

Members get a hard time when withdrawing funds for the first time. The platform demands that you send valuable documents for verification. These documents include bank statements and credit card details.

They will even ask for a copy of your ID, which is irrelevant. The platform can choose to use email links or send SMS codes for verification. We firmly believe the platform is harvesting banking information from investors.

Affiliate program

There are two affiliate programs designed to get as many people to sign up. These programs are for individual accounts and representative accounts. Both of these accounts come with three plans each.

For the individual account, partners get a 5, 4, and 3 percent commission for every deposit. Commission for representative accounts is set at 10 percent. Before joining any of their affiliate programs, you need to learn the truth.

Env BTC Affiliate Partnership

When investigating the scam, authorities will consider affiliates as accomplices to online fraud. You don’t want to face time for directing naïve and innocent investors to a scam. Victims are laying the blame for affiliate partners for their huge losses.

Some affiliate members also claim the platform does not release the said commissions. This is what most members will face after registering investors to the website.

Business owner

According to the certificate, the platform is owned by an entity by the name EnvBTC Ltd. The said company resides in the UK. We checked with the Company House UK to confirm the identity of this entity.

There’s no such company that exists in their records. This means the owners are using a random name for their company. We believe that the real owner wants to remain anonymous.

Investing in anonymous websites is a huge no for us. We don’t recommend it as the results are harsh for members. There’s no way of contacting the platform owner in the event of bankruptcy or a quick withdrawal emergency.

Complaints from users

For the past four weeks, we have been receiving complaints from members of this scam. Most share the same story of being blocked from accessing their funds. Upon depositing funds, they could see the account balance rising.

This increased their hopes of eventually depositing the huge percentage gains. On the day they are supposed to withdraw, the account gets errors, and you can’t log in. The owner has already removed login credentials from the system.

Domain insights (envbtc.com review)

Remember, we earlier pointed out that the UK is not their actual place of residency. Domain checker tools show that their IP address is in Amsterdam. The server used is also synonymous with other crypto mining scams.

As we publish this post, the website is 45 days old. The website went live on March 16, 2021. They have no online credibility or reputation. We have a platform that is lying to investors about their actual running days.

EnvBTC License and Registration

EnvBTC License and Registration Status

EnvBTC is not a licensed platform and does not hold any valid certification. The certificate on display is a word-edited document. We even contacted the Financial Conduct Authority to confirm their status.

The FCA insisted they don’t have an entity licensed with the above name. This is why we believe that this platform is an actual scam. They should come out and inform users of their license status.

There is no terms and conditions page which is another worrying feature. Those who deposit funds are at the mercy of the owner. We insist on using recommended platforms that have the backing of the whole crypto industry.

Those who think that this platform is worth signing up are in for a rude surprise. The fact that they use false credentials shows the type of platform it is. You can only deposit, but withdrawal is impossible.

Features of EnvBTC

Accounts and investment plans

EnvBTC offers four contracts with varying days. There’s the Gold, Silver, Platinum, and Diamond plan available. The silver plan is the most basic and comes with a 1.3 percent Daily ROI for 365 days.

We won’t even bother with the other accounts as this is an imaginable feat to achieve. These plans are just meant to drive investors into signing up with the platform.

Contact and support

Once you click on their Helpdesk tab, you get a page where you submit your message. A support ticket is opened, and you have to wait for a response. The time for the response is not expressed as some wait for a week before getting any reply.

There’s no live chat as you would expect in a cloud mining platform. Members should sign up with a reliable cloud mining company that is available on call.

Payment options

envbtc.com payment options

The platform only accepts e-currencies and Perfect Money. We believe they also profit from an affiliate partnership with Perfect Money.

Withdrawing funds with Env BTC is the biggest barrier to encounter. Please stay away as no one has had the chance to withdraw funds.

Scam or Legit

EnvBTC is a scam, and there’s no denying it as they offer over-the-moon profit margins.

Bottom line

We have to add this platform to our blacklist.

Make the right decision and sign up with recommended crypto mining companies backed by experts. The best option for crypto mining is having a reliable entity tested by the community.

We wish you all the best in your crypto investment journey.

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