Cryptotek Review is Cryptotek.org Mining Scam or Legit

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Cryptotek.org Review

General information about Cryptotek.org

Cryptotek positions itself as a company that conducts the real-life activity. It takes its roots from the British company called TEK that was founded in 2020. This company provided consulting services in the field of information technology to clients from all over the world.

Cryptotek was created in 2020, as the division of TEK. The main objective of Cryptotek is to become a noticeable player in the crypto market and develop its own cryptocurrency. In October 2020, the decision was made to expand the geography of company’s operations, which led to the creation of Cryptotek Corporation, a subsidiary company located in the United States.

The company’s head office is located in Maryland, USA, and you can also find all legal information about Cryptotek at the official website of the Wyoming state (you can find the link on the website, in the About Us section). The list of legal documents includes the certificate of incorporation, the certificate of good standing, the registration in the Federal tax payment system, and the verification of website’s security and authenticity.

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Moreover, Cryptotek will send a paper version of the contract that confirms your investment in this project. In other words, Cryptotek is as transparent and law-complying as it gets in the crypto business.I

n 2020, the company merged with the American holding corporation BTP, and now it actively works in 191 countries of the world. Currently, they own mining farms that are located in the Netherlands, the United States, and Hong Kong. The company’s slogan is, “Innovation distinguishes a leader from a follower”, which contains a strong message that Cryptotek always tries to be ahead of the competition.

However, we will not sign high accolades to this service because there are certain issues which could be improved, such as the lack of detailed information about the members of Cryptotek team, as well as the elaborated roadmap of future developments. It is quite obvious that the company has a bright future, but it is of utter importance to get the users acquainted with the company’s plans and prospects.

Cryptotek’s website features more generic phrases than specific information. For instance, they inform that by the end of 2020, they plan to launch two public projects, but do not give even the slightest hint about the nature of these projects. Today’s users and crypto enthusiasts are really demanding, they want more personal approach and assurances of the future prospects. Cryptotek should definitely work on these issues.

Company address:

100 International Drive MD
Baltimore
Maryland, 21202
USA

Algorithms and Coins:

For SHA256: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Bitcoin , You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Peercoin , You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Namecoin
For Scrypt: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Litecoin
For Ethash: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Ethereum
For CryptoNot: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Monero
For X11: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Dash

Services Provided

Cryptotek operates in the following three areas of business:

  1. Cloud mining of such cryptocurrencies as Bitcoin, Litecoin, Ethereum, Dash, Monero, Peercoin, Namecoin. They also actively use their own token called CRT. Cryptotek promises 15 to 17.5% of monthly profits. The minimal investment amount is $10. The profits from mining are calculated in real time.
  2. Online trading on Cryptotek’s own exchange. This type of activity is actually more profitable that cloud mining due to the high volatility of every cryptocurrency. Cryptotek insures its clients against possible losses by creating a special fund that is based on deduction from every profitable trade. The average profitability from trading on Cryptotek is 17.1 to 26.3% per month. The payments are conducted on a weekly basis. The minimal investment is $100.
  3. Deposits and investments. The latest business feature of Cryptotek which allows their customers to invest in promising start-ups and Cryptotek itself. All deposit-makers are entitled to the fixed interest which makes Cryptotek something similar to an investment bank. The estimated monthly profitability is 21 to 30%. Payments are conducted on the monthly, quarterly, and yearly basis. The minimal amount of investment is $1000.

�� Fees and Pricing Schedule

Those who have decided to invest in Cryptotek cloud mining will be able to mine seven cryptocurrencies which were listed above. Since the mining of these coins is conducted via different algorithms (SHA-256, Scrypt, X11, Ethash, CryptoNight), Cryptotek decided to introduce their own token which is called CRT.

This token is used for purchasing hashing power. Basically, the more CRT you have in your wallet, the faster the mining process. You can purchase the hashing power for mining any of the listed cryptocurrencies at any given moment. Therefore, if you have enough CRT, you can mine several coins at once or switch between coins and mine the one that seems more appealing to you at the given moment of time.

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Cryptotek does not offer any mining plans, your profits depend solely on the amount of your initial investment. For instance, $100 investment (in Bitcoin) will bring you a monthly profit of $15.9, and the yearly profit of as much as $190.8, which amounts to 90% return on investment. There is no information about maintenance or any other mining-related fees on the website.

Apparently, these fees have been already included in the profit forecasts.

Cloud mining services offered by Cryptotek is surely safe, it has decent profitability and the mining system itself is comprehensible even for those who were never involved in cloud mining before.

Cryptotek Review: is Cryptotek.org Mining Scam or Legit?

Cryptotek claims it could make you good profits from cryptocurrency mining. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Cryptotek.org, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Cryptotek.org Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the US are not in actual sense located there.

Cryptotek Corporation is not a legit cryptocurrency mining company. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

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OxBTC.com Review

General information about OxBTC.com

Zeuhash is going through rebranding now and that is the reason why its services are available under the OxBTC platform at the moment. OxBTC and Zeushash claim that with their cloud mining packages your cryptocurrency investment would be the most profitable. It is possible to purchase cloud hashing at OxBTC from 0.099 USD per GH/s.

Currently Zeushash is being rebranded to OxBTC. They claim that with this new name and new plans their clients will have better returns on investments. When it comes to the transfer, the customers are able to experience a lower maintenance fee, and also the company guarantees that the mining contracts will be available for long term.

March 2020 is the date when the takeover was finished, and exactly then all existing cloud contracts were transferred to the accounts of OxBTC. But it is still possible for the users to make withdrawals and deposit at Zeushash on the existing accounts. If clients want to sell the Zeus hashrates, they can do it on the OxBTC market.

A couple of well-known Chinese investors founded OxBTC in October 2020. However you will not find their names on the website. Mr. Weicheng Guo, who is among the founders of the company, provided some information when the platform was started, and also there were large discounts on the products offered by the company. Those articles let us know Mr. Guo a little bit better.

Before he decided to start OxBTC, he had several startup projects in different fields. Almost from the very beginning of the whole thing he has been involved in bitcoin mining and investment. There is also a politician and a wealthy pharmaceutical supplier in China, but unfortunately it is not possible to find more information on this M.Guo on the Internet since he doesn’t want to share any facts about himself online.

The website of OxBTC is registered by HalleyCloud Technology Ltd. You may find out that the same company runs the halleybtc.com cloud miner as well, and their services offered are very similar. All texts presented in “About” section are totally the same from one site to another. This could tell the possible clients that alongside the Xeushash platform closure the company might be opening and shutting down cloud mining platforms in the background deliberately.

Many cloud hashing websites have recently been merged by this cloud mining platform, and Zeushash is one of them. Thus, they developed a wide user base. So, this made it possible for them to use a global mining network and therefore increase hashing capacity. Sichuan, Ordos and Inner Mongolia are the places where the main mining facilities are located.

OxBTC mining farm owns 5.6 PH/s of hashing power worldwide. Due to the fact that the electricity costs in China are not that high, they save a lot on the maintenance fees. When you see the pics of their mining farm, you definitely realize that they are into the mining activity on a large scale. Although no information about the farm mining equipment is available, so clients do not know the miner rigs types.

Company address:

Algorithms and Coins:

For SHA256: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Bitcoin
For Ethash: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Ethereum
For Scrypt: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Litecoin
For Equihash: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Zcash

Services Provided

You can use cryptocurrency cloud mining for different altcoins beside bitcoin, such as ethereum and litecoin if you are a client of OxBTC. Compared to other cloud mining producers they offer a cheaper and faster cloud mining contracts based on the old-for-new package.

Cryptocurrency investment service and not cloud mining, this is how they prefer to be called at OxBTC, since they want accentuate the financial nature of the coins, and because the latter may sound too technical for everyday investors. The users of OxBTC have an ability to trade the hashpower on their platform except for the fact that they are able to buy hashrates for cryptocurrency mining.

The client’s account will immediately show the profit of the mining activity. The absence of a holding period allows for withdrawing your earnings 24/7. Each transaction is charged 0.0001 BTC/0.001 LTC fee, and there is no limit for the withdrawals.

It is possible for the users to pay by litecoins or bitcoins for the cloud hashing service at OxBTC. Such payment methods as wire transfers or credit card purchases are not accepted at OxBTC.

There is also a referral program at OxBTC. OxBTC doesn’t have a fixed commission after every new referred client in comparison to other affiliate programs, but there is an opportunity to get 25% share of the new client earning, if this user catches a wave. Usually, profit happens once a week.

For earning interest directly, clients can also invest in bitcoin to enjoy the highest possible return on investments. The bitcoin deposits earn 0.01% of daily interest. If you are a client of OxBTC, there is an opportunity to invest in a 30 day long fixed deposit contract, thus getting 8.5% annual percentage interest revenue. Such a deposit can bring you better income that the local bank deposits.

�� Fees and Pricing Schedule

Mining contract fees that you have to pay at OxBTC depend on how much hashpower you bought. If you compare the minimum amount of the contracts with the market competitors, you will see that it is very low.

Bitcoin cloud mining price:

Litecoin cloud mining price:

Ethereum cloud mining price:

Zcash cloud mining price:

The maintenance fee of the mining equipment charged at OxBTC daily is $0.02 per MH/s for the litecoin mining and OxBTC charges daily $0.0009 per GH/s for bitcoin mining.

OxBTC.com User Experience

As a rule, a client should provide login credentials to register to OxBTC services.

An account is usually created after it is confirmed via email, and the user is able to buy hashpowers.

If you are a new user and have some questions, it is possible to find the answers provided in FAQ section or in Help Center.

✔️ Advantages:

Cloud mining price and maintenance fee are low.

Available interest paying bitcoin deposits.

❌ Disadvantages:

One company owns multiple cloud mining providers.

Payment methods are available only in bitcoin and litecoin.

Overall Conclusion

OxBTC is the place where the Zeushash cloudmining platform has successfully transferred its services. The pricing structure of the new platform allows its clients to cloud mine bitcoin from $0.0999 per GH/s, which is highly competitive on the market today.

Buying further altcoin contracts is among other opportunities if this platform. There are also two types of deposits for bitcoins that OxBTC offers as a special feature, as well as paying great interest rates.

Of course, one may find the services offered by OxBTC very appealing, but do not forget that their parent company also runs multiple websites dealing with cloud mining, and the fact that no actual information about them is available could be another reason to doubt whether you really want to use the services they offer or not.

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