CryptoBlaze, found at CryptoBlaze.io, is a malignant investment opportunity withering away the legitimacy of the cryptocurrency confines. Deceitfully embedding false visions of amassing unbelievably high returns with the aspirations of receiving as many Bitcoin deposits as possible is the focal point behind this investment sham. Well-designed to operate unobtrusively to the cryptocurrency community, we predict CryptoBlaze to become a viral scam operation in the months to follow.
With this is mind, we urge our readers to garner the facts shared throughout our unbiased review to learn the truth behind CryptoBlaze. What you discover about this cryptocurrency operation may surprise you which is why we ask you to read this insightful publication before shelling out any bitcoins with CryptoBlaze.
What is CryptoBlaze?
This is an online crypto service that employs the investment of BTC and application of cryptocurrency mining. While not much more information can be found on the site in relate to the investment process practiced at CryptoBlaze, an alleged daily return of 8% is promised to all investors who make a deposit through CryptoBlaze for a lifetime.
Who is Behind CryptoBlaze?
CryptoBlaze is allegedly owned and operated by a private limited company known as CryptoBlaze PTY. According to the Australian Securities and Investments Commission, CryptoBlaze PTY does appear to be an actively registered corporation as of August 28th, 2017. The ACN of CryptoBlaze PTY is 621 324 749 while this corporation is filed as an Australian Proprietary Company.
While everything appears to be in order in regards to CryptoBlaze PTY, it doesn’t necessarily mean that the site, CryptoBlaze.io, is indeed overseen by ASIC authorities. Typically when actively registered corporations are filed on regulation sites, the domain of that corporation is reflected in the report, however, no mention of CryptoBlaze.io can be found in the report which makes us believe that CryptoBlaze is likely not a regulated platform.
How does CryptoBlaze Work?
Speaking from an operational viewpoint, CryptoBlaze functions in a relatively straightforward manner. Investors who are interested in joining their platform simply register for an account through CryptoBlaze.io where they are then enabled the ability to deposit bitcoins into their platform. What becomes of your deposited bitcoins becomes a bit of a mystery since they are allegedly mined and invested but besides that we aren’t provided any other information except, of course, for the daily return guarantee of 8%.
CryptoBlaze Complaints and Red Flags
CryptoBlaze hasn’t had to endure complaints or negative feedback due to how unpopular of an operation this site is. Since CryptoBlaze.io is unknown and has yet to go viral it has failed to make an appearance in any real reviews as well. Red flags regarding CryptoBlaze would be the fact that the domain, CryptoBlaze.io, is not featured on the ASIC site and their unrealistic promise for a daily return of 8%.
As we have made abundantly clear in some past reviews, most verified and legit cryptocurrency mining sites amass a monthly return between 2% to 2.5%, not over 200% as promised at CryptoBlaze. When you break down this operation, it becomes quite clear that this investment platform embodies a Ponzi scheme business model. Promising to generate a daily return of 8% forever based off your initial deposit is not only unsustainable but flat-out ridiculous.
Can CryptoBlaze.io be Trusted?
After warily weighing the information above, we do not believe CryptoBlaze to be a trustworthy cryptocurrency investment. While CryptoBlaze.io appears to be backed by a corporate entity, we are convinced that the domain in question is not regulated as portrayed on the site.
CryptoBlaze.io reflected a SimilarWeb global rank of 10,025,361 as of the last time of checking. It goes without question that the site is not reputable and receives minuscule quantities of traffic.
CryptoBlaze.io Review Conclusion
CryptoBlaze, in the most simplest of terms, is a Ponzi scheme. Coming from a mathematical and operational standpoint, the returns promised through CryptoBlaze.io are impossible to achieve long-term and illogically supported. Our advice would be to avoid this suspicious cryptocurrency platform and only invest with verified and trustworthy investment solutions.