Does crypto disrupts the world trade? There are a lot of articles online about cryptocoins bringing harm to global trade and national economies of different countries. The specialists assure us that being fascinated with technologies we skip the ruining effect of digital currencies. The national banks have to lower the interest rate to stay competitive and trying to devalue the currency. Lower interest rates are not popular among investors and they stop their contributions to national economy. Economy is also disrupted by the companies-scammers, which lure customers with high profits, cheating them eventually. The list of such cryptocurrency exchanges is long and Easycoin is one of them.
The site of Easycoin said that company was created by a team of professional traders. Easy coin offered exchange and Bitcoin investments solutions at 11-15% per 11 hours. The percentage depended upon the amount. There were different investment packages from 10 to 10000 dollars. Investors were divided into Bronze, Silver and Gold affiliates depending upon the amount. The membership level depended upon the amount invested. It directly affected the profit promised to the customer, for instance, bronze affiliate could earn $500 per day.
Investment volume was calculated daily and ROI was repaid for some time.
The owners of the company and the founders of the site remained anonymous. Now we know the reason for it.
The funds were withdrawn with Bitcoin, Payeer, Perfect Money, AdvCash. At this reinvestment was not supported. Person could buy many investment packages. Multi-accounts were forbidden. All activity could be done in a single Easycoin account. The site attracted new users with referral system. The customers could find referral links and banners in a special section in working area and actively used the opportunity to spread “good” news to others.
Easy coin wallet operated with a TOR hidden service.
The web is full of Easycoin reviews but all info contained in them is of no importance any longer as the site does not function at present. Multiple users could not withdraw their cryptoassets from Easy coin wallet. Some users reported that their crypto coins were withdrawn to other wallet.
Beware of the high profits offered by unknown companies if you do not want to get robbed. There are a lot of other business opportunities out there. The profit is not always high but you will not lose your money. Try the following alternatives:
Gopax (exchange in South Korea, known for zero trading fees)
Coinone (cryptocurrency platform from South Korea with margin trading feature)
Cryptopia (crypto-to-crypto exchange with 400+ virtual coins supported)
Yobit(Russia based exchange with zero trading and deposit fees)