What Is HourDeposit – Is It a HYIP Scam? Read This Review
What is HourDeposit? Should you trust HourDeposit and invest your money in this investment program? Read this HourDeposit review and find out if it is worth investing in this HYIP program.
What is the HourDeposit?
Website address: www.hourdeposit.com
Price: $5 (minimum), $500,000 (maximum)
Referral commission: 3%-10% of referral deposits
Overall Rank: 10 out of 100
Status: Check HYIPreview.org
The HourDeposit LTD is a fully registered investment company based in the United Kingdom.
HourDeposit Limited is engaged with the Bitcoin trading and they are working hourly profits for all investors. On the website, they claim that HourDeposit buys low price bitcoin in one market and sells high price bitcoin in another market. That’s the profits coming from.
All trade is made by their in-house software and it work 24 hours a day. Sometimes human trade will lose many best trade time then lost some money or profits. But using their company trade robot, it will not happen this situation.
We choose these bitcoin market for trading for now, BTC-E, Bitfinex, CoinBase, OKcoin, HUOBI and so on.
You can find more interesting information and updates on their Facebook page too and you might want to check out their Stater Bonus here.
HourDeposit has a minimalist website design, that is now all the rage. The HYIP website is highly commendable: clear and uncluttered site layout provides a full information you need for investing.
HourDeposit is a classical example of Ponzi Scheme which actually is employed by the most of HYIPs. According to the website, HourDeposit is an interactive robot, which distributes the funds, received from the earlier investors, among the new ones.
The margin of the excess profits are distributed among the creators of the system, and is also used for further development and promotion of HourDeposit services.
HourDeposit offers their investors various investment plans that include the followings.
1.08%-1.25% hourly for 96 hours
5%-6% hourly for 48 hours
16%-21% hourly for 24 hours
Special Investment Plan – At the time of writing, they offer 30% Deposit Bonus For 1200$+ One time Deposit.
Deposits & Withdrawals
HourDeposit is a Bitcoin-operated HYIP. Minimum investment amount is $10. Instant withdrawal is possible every day without limitation of amount. To receive profits to your wallet you have to make a withdrawal request.
All payments are done in the e-currency of the same payment system that was used for the investment. They do not exchange currencies when paying out in order to avoid dispute and make a balanced condition for all payment processors.
To make a request you need to login to your account and click on “Withdraw ” in the right and top menu, then fill in the necessary info to complete your withdrawal request. The withdraw will be processed instantly. If you violate FAQ, this function will be suspended, FAQ violation behavior will be resolved by the corresponding Level 2 plan.
HourDeposit offers 3-10% referral commission program to their customers. It is a good way to make extra money. By inviting more people to their investment programs, you will instantly receive 3-10% ref commission from every deposit your referrals made.
It is free to earn from their affiliate program without having to make an investment with HourDeposit . You only need to open an account and start to promote their site.
Affiliate commission can be requested to withdraw instantly after its accrual.
Bitcoin investment bot HourDeposit may be a good choice for investors, as this HYIP offers high return investment plan combined with a relatively good affiliate reward.
Should You Trust HourDeposit?
The HourDeposit is a high-yield investment program (HYIP). If you have read the definition of HYIP on Wikipedia, It is s a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments (ROI) by paying previous investors with the money invested by new investors.
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.
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 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 you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.