Categories: EducationScams

Bitcoin Scam Risk Warning – BTCForte

Whenever a company advertises itself as ‘mining your Bitcoin today,” it becomes clear they have less than honest intentions. BTCForte is a relatively new Bitcoin cloud mining company, albeit there are serious doubts regarding them being legitimate. Even though they have a few demo videos up on their website, none of them are created by the company.

BTCForte Looks Very Dubious At Best

Looking at the BTCForte website itself, one would almost think they opened the Bitcoin.org web page. A lot of information has been copied and pasted onto the BTCForte page, explaining what Bitcoin is and how the mining process works. That also means there is zero information regarding pricing, ROI, or mining hardware used on the website.

One thing potential customers would like to know is how much they will pay, and what type of ROI they can expect. BTCForte does not provide either of these details until you sign up. Professional companies would be transparent in this regard, and entice users to create an account, even if they don’t become paying customers. This platform, however, does none of that.

It is also very difficult to find any information about this company regarding their product. There is no official thread on any major Bitcoin forum unless one counts Forum Bitcoin Indonesia among them. Even after signing up, it does not become clear how this company works exactly. Users will need to deposit funds, and they will start receiving payouts automatically.

Related Post

The affiliate program offered by this company is not looking all that impressive either. There is no fixed affiliate commission by the look of things, and no explanation as to how this works. Plus, users have to earn at last 0.5 Bitcoin in affiliate commission before they can withdraw the funds.

All in all, BTCForte is a far cry from a professional website, to say the least. The company is not transparent by any means and fails to provide basic information as to how much its users will earn. There are also no reviews to be found about this company, and Bitcoin users should steer away from them at all cost.

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Supreme Court Delays Ruling On Trump Tariffs As Market Odds Swing Sharply

The U.S. Supreme Court has delayed its highly anticipated ruling on the legality of President…

2 days ago

Trump Closes Pardon Door As SBF and Other Controversial Figures Get Crossed Off

President Donald Trump has officially closed the door on any possibility of a pardon for…

2 days ago

Ethereum Crosses $300B In Application TVL As Network Dominates Global On-Chain Settlement

Ethereum has officially crossed the ~$300 billion mark in application total value locked (TVL), solidifying…

3 days ago

SEC Approves First Spot Chainlink ETF For U.S. Markets

The U.S. Securities and Exchange Commission has approved Bitwise’s spot Chainlink ETF, marking the first…

4 days ago

Rumble And Tether Launch Integrated Self-Custodial Wallet

Rumble and Tether have officially launched the Rumble Wallet, a self-custodial crypto wallet integrated directly…

4 days ago

BNB Chain Sets Fermi Hard Fork For January 14 Upgrade

BNB Chain is preparing to activate its Fermi hard fork on January 14 at 2:30…

4 days ago