If you were thinking about investing money in Purple Mining, then you definitely need to read this Purple Mining Review.
The first thing you would notice on the website,
They also claim that they offer a 7000% profit in seven days.
Are you kidding me?
A 7000% profit in seven days??
Believe me, this is quite untrue.
Actually, they are just another Ponzi scheme out there trying to scam people of their money.
Let me prove this.
First, it is unclear who runs or owns the platform.
Just who runs Purple Mining is nowhere to be found on the website.
The company was registered as a Private Limited Company in September 2020, with a UK license certificate.
Do not be deceived; anyone can get that certificate without even living in the UK!
The company is not regulated by any Financial Authorities, and as such, is illegal.
What’s more, they offer unbelievable returns on profit.
No sustainable and legit platform will offer that much in such a short time.
Purple Mining is just prying on people’s gullibility to milk them out of their hard-earned money.
Update August 2022
I’m not surprised to write that the URL for Purple Mining,
Usually, what happens is scammers shut down a website when enough people notice that their money is being stolen or the regulatory authorities start coming after them, or both.
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Purple Mining Review – Purple Mining’s Products
Purple Mining does not have a physical product or service.
Whenever any MLM fails to offer retail products to the public, that’s a sure warning sign!
Distributors market their affiliate membership in order to recruit new members; this is their only source of revenue.
Any platform that promises huge returns and requires you to invest with a strong emphasis made on recruiting others before you get your returns, and does not have any specified source of funds, is most likely a Ponzi scheme.
Purple Mining’s Compensation Plan
When you join the platform, you’ll be required to invest in one of their 3 plans:
- .0005 BTC to 10 BTC and get 200% ROI over 120 hours (5 days
- .04 BTC to 10 BTC and get 400% ROI over 96 hours (4 days)
- .5 BTC to 100 BTC and get 7000% after 7 days.
Just stop and think about this for a minute.
Purple Mining claims that you could invest $1000 worth of BTC in the second package and after just 96 hours, or a little over 4 days, they will pay you $5000!
I have no idea how on earth they’re pulling that off, but I would be very careful with making any investment with them!
Getting that type of return on investment is simply unheard of.
These commissions have 2 levels; you can earn 5% on level 1, and 1% on level 2.
Joining Purple Mining
Membership is free.
Actually, when you consider how ridiculous their ROI claims are, what difference does it make/
However, to invest, you are required to have at least 0.0005 BTC for the lowest package.
Purple Mining Review – Is Purple Mining Legit Or A Scam?
Purple Mining is not a legit platform if you’re looking to mine cryptocurrency or get returns on investments because they do none of that.
Of course, a few investors might get lucky and get paid, but it’s from the registration of new members.
What they do is simply rob Peter to pay Paul, as there is no other source of income on the platform.
Eventually, you won’t find Peter or Paul, because they’ll both will run off with your money!
Furthermore, in an effort to make itself appear legitimate, Purple Mining provides a UK incorporation certificate for “Purple Mining LTD” on its website.
What many people are unaware of is UK incorporation is unregulated and dirt cheap.
It’s a chosen jurisdiction for online scammers who are looking to incorporate scam companies.
Therefore, when you see that a cryptocurrency MLM company has been incorporated in the UK, it means absolutely nothing.
Purple Mining is similar to other scam cryptocurrency MLMs I’ve reviewed on this blog such as:
At the time of my writing this post, Mexico (7%) Russia (10%), and Venezuela (20%) are the top three sources of traffic to Purple Mining’s website.
All three of these countries are a scammer’s paradise because the above-mentioned countries have weak regulatory enforcement.
In light of the fact that you are looking for a way to make money online there is something you are going to have to understand moving forward:
You Are Going To Have To Participate In Your Own Financial Rescue
The reason why so-called programs like Purple Mining appeal to people is because you just pay other people to invest money for you while you sit back and do nothing.
People want to make money without having to work for it.
Too many people have the wrong idea that the internet is some mysterious ATM you can manipulate whenever you need money.
Scammers are aware of this and that’s why SCAMS proliferate the internet.
What many people fail to realize is scammers are aware of human psychology…They know that they can shut down one scam website, start another one and continue to steal money from people because people are LAZY by nature.
All the have to do is appeal to your emotions to have you racing for your credit card!
That’s not how making money online works.
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