No one likes to lose money, so I’ve been hard at work analyzing websites that claim to offer investment services.
The site I’m going to review next is LTCminer.com. If you need an honest LTCminer review, you have just come to the right place.
When you are just starting out to invest online, there’s a good chance that you’ll be making several mistakes. And that is why you need to be guided so you don’t make any mistakes.
There are a lot of scam websites out there. Some look so legit that it is difficult to tell if they are a scam by merely navigating the websites.
My review is created manually using different data points and my personal experience on the site.
Without wasting much of your time, let’s dive in.
Company name: Ltcminer
legal Name: Nil
Other names: Litecoin Miner, Ltcminer.com
Registration Status: unregistered
Registration number: Nil
Incorporated date: Nil
I could not find any information about who owns or runs Ltcminer (Ltcminer.com) on their website.
When I checked the information about the domain (LTCMiner.com), I found the domain was first registered in June 2015 and that it will expire in June 2023, which is less than 3 years from the day this article was published.
As always, if a company’s domain has a short life span and the people who own or run it are not openly known, think long and hard about joining and/or handing over any money.
LTCminer does not have any retail products. They claim the company makes profits by mining Litecoin. This claim has since been proved wrong since there is no evidence that the company is actually mining Litecoin. Litecoin mining is a transparent business in the sense that it is easy to check miners on the blockchain and see the blocks and coins they have mined.
I tried to check LTCMiner on Litecoin blockchain and could not find any information about them.
LTCMiner ’s Investment Plans
In general, investors are presented with up to 4 plans (a typical Ponzi structure) with a gradation according to the amount of investment, on which the earning rate ranges from 0.06LTC to 8LTC per day.
LTCMiner ’s Compensation Plan
LTCMiner offers affiliate bonuses from 30% to 60% which is distributed in accordance with the amount of investment you have made.
LTCMiner’s investment platform can be joined by visiting their website and creating an account with them. The minimum deposit is $10
Is LTCMiner Legit or Scam?
LTCminer has been proven to be a scam, a typical phishing website that has never paid for once.
Should you go by LTCMiner Trustpilot Review?
When I searched this website online, I found that they have a lot of negative reviews on Trustpilot. Digging deeper, I also found that those reviews are actually from their genuine users whom they might have scammed along the line.
LTCMiner is a scam. You’re advised to steer clear of the website.