20Daily Coin Review – Another HYIP Scam That You Should Avoid
What is 20Daily Coin Limited? Is it a scam? It is just another new High Yield Investment Program (HYIP) that aims to steal your hard earn money. Should you really trust the fake review sites on this new investment scam? The answer is NO. Read my honest 20Daily Coin Review and find out why you should stay away from this fake internet investment scam.
20Daily Coin Limited Review
What is the 20Daily Coin Limited?
Name: 20Daily Coin Limited
Website address: 20dailycoin.com
Price: $1 (minimum) and $800,000
Referral commission: 5%-2%-1%-1%-1%
Overall Rank: 0 out of 100
20Daily Coin Ltd claims that it is a company which has been leading its activities since 2016 in both stock exchange and mining. They provide analysis of volatile currencies and selects the most favorable conditions for investment. Other than that, they also invest in data centers, for generating cryptocurrency every second, which is called mining.
It is an “investment” company that suppose to help you to invest your capital and make money on an hourly basis. Yes, you read it right – on an hourly basis. The company shares the profit with you when you invest some money in the company and insures you for the loss. This company is an HYIP which means High Yield Investment Plan.
It is pretty easy to “grow” your money with 20Daily Coin Ltd. All you need to do is to sign up by filling a simple form through their official website and swipe your credit card.
In order to transfer money to and from 20Daily Coin Ltd, you need to have an account with PAYEER, PM or Bitcoin.
It only cost a minimum amount of 0.0001 BTC to start your investment. With that, you can opt for different investment plans they offer. Let’s investigate the investment plans available on 20Daily Coin Ltd.
- 0.85% hourly forever – minimum deposit of 0.001 BTC to 2,000 BTC
- 5000% After 40 Days minimum deposit of 0.15 BTC to 2,000 BTC
- 6000% After 50 Days minimum deposit of 0.09 BTC to 2,000 BTC
Depending on the investment plans you take, you can make up to 6000% ROI for a 50-day investment plan. This company claims that once the first deposit is made, you will be getting either hourly interest or 40 & 50-day interest until the deposit term expires. That’s totally awesome! Right?
The official website of 20Daily Coin may be look professional. However, all the red flags are there and all the warning signs are obvious. You can expect to lose your entire account balance within days of trading with this money-making scheme.
Should You Trust 20Daily Coin Ltd?
The 20Daily Coin Ltd is a scam. It is a fake investment company. From the official website, one can notice it is an HYIP investment scam that aims to steal your hard earned money.
#Red Flag 1 – Ponzi Scheme
The referral program. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.
That’s how a Ponzi scheme is operated. They recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.
A high-yield investment program (HYIP) like 20Daily Coin is a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments by paying previous investors with the money invested by new investors. Most of these scams work from anonymous offshore bases which make them hard to track down
If you look into the HYI monitors, you probably notice that the 20Daily Coin still pays their investors for now. This is because the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.
#Red Flag 2 – Vague Investment Information
Obviously, there is a lack of details on how they manage the invested fund from the public. 20Daily Coin tends to be vague about the strategies used in the investment programs and how they help to generate interest by trading on the stock market.
I tried to look for more information “About” 20Daily Coin , all I got is just a vague information and a bunch of texts that tells us nothing. Furthermore, they are not backed by a real and verified trader. There is no proof and information at all on who are running behind the scene.
20Daily Coin provides very few details about how they run the company and how profits are generated. HYIP like 20Daily Coin should always be able to explain how they intend to generate returns.
This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, 20Daily Coin fails to do so.
#Red Flag 3 – E-Currency Account
You are required to open an e-currency account to invest. You have to know that e-currency accounts are often not licensed as a money transmitter.
It is highly risky to invest your money through these unlicensed money transmitters, especially they involve international operations, which means it may be very hard, if not impossible, to get your money back.
#Red Flag 4 – High, Unsustainable Yields
I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members. As for 20Daily Coin, they offer up to 6000% ROI after 50 days, of which it is a total nonsense.
The main difference of HYIP from other kinds of investment is high income and short turnover period. There are many HYIP with various investment plans. Basically, all HYIP can be divided into two groups. Long-term and short-term HYIP.
Long-term HYIP are the projects calculating 0.01% to 5.00% daily. Any project giving 5.00% or more can be considered short-term.
More often HYIP is closed when the payment amount reaches 85% of the entire amount. The more interest rate is, the shorter the term of HYIP run is. The average “lifetime” term of long-term HYIP is about 1 year.
I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.
Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.
Fraudsters like 20Daily Coin spends a lot of time trying to convince people that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich.
Don’t ever believe it.
Based on my observation, it is very clear that 20Daily Coin is an investment scam.
By the way, Amazing 5 started 6 months ago and now it is official shut down. It is now gone with a lot of money from many victims. This is a prime example of how these HYIPs scam your money.
Why do people keep joining HYIPs knowing that they are Ponzi schemes?
All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.
Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.
However, most of the people end up losing their savings and hard-earned money.
I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.
I don’t like the reliance on a Ponzi scheme in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
If you are interested to know more how I make money through affiliate marketing, go here.