BaseFxMining is a new platform that claims to offer BTC doubling programs along with other associated services. From mining to escrow services, they talk about literally everything. We did find a few certificates on their platform, but the entire thing is a hustle and most of what they say is fabricated to say the least.
In case you are wondering, know that for obvious reasons the owners are maintaining an anonymous profile. Explanation regarding their actual revenue model and cash flow is bleak.
In other words, anyone that invests with them is likely to lose all of their money in the near future. As the risk present is gigantic, you need to be aware of all of their gimmicks or else, these people will gain an upper hand.
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Stick with us till the end to learn about the real nature of this firm and to know more about ways of recovering funds, take a look at the following paragraphs.
BaseFxMining Legality and Certificates
Cryptocurrencies and the associated things for the most part are unregulated. In the US, people are relatively safe due to the strict monitoring, but from time to time people will lose a large chunk to online scams.
As the internet has made it difficult for the authorities to track down the criminals, one should be careful when it comes to spending money online. BaseFxMining reveals an incorporation number on their homepage.
They pretend like regulated exchanges, but clearly they are not. Shady firms like this one always twist data in order to make themselves look good and that is exactly the case here. From mining to exchange services, anything you do with them is risky to say the least and chances are you will never get your money back.
So, it is unwise to take chances with them and their nature is the very reason as to why we suggest all of our readers to stick with regulated firms only. At the end of the day, nothing is better than being safe, right?
Business Model Explained
BaseFxMining has a vague and weird business model. On their platform, they claim to be doing a lot of things such as escrow service, mining, exchange services and BTC doubling. However, if you choose one thing and try to find information about it, you will never find any relevant details.
The list of services listed by them is a gimmick to attract the newbies, but if anyone falls for the trap, then it is pretty much game over. Due to the lack of information, we do not want to focus much on their escrow model, but the other aspects are full of flaws.
First of all, they do not have proper licenses to take money from the public. Their so-called doubling program is nothing more than a hustle. Details about their mining operation is scarce and there is no data that backs up any of their claims.
In simple words, the existing factors clearly reveal their real nature and it is criminal in nature. While the idea of making money using cryptocurrencies might be enticing, that goal is something you will not be able to achieve with this platform for sure.
Things like phone number, email address and physical address are present on their platform. During our investigation, we were not able to get in touch with their team. Moreover, the response time for other forms of communication is not outlined clearly.
Even their address looks like a virtual one. Regardless of which way we look at them, they do not match up to some of the worst platforms we have encountered in the past. The kind of behaviour showcased by them is extremely concerning and it should tell you a lot about them.
- Address – 6380 oak street apartment 203 arvada Colorado, USA
- Phone – +1 210 742-2961
- Email – Info@basefxmining.com
Will BaseFxMining help you make money?
Most likely you will lose your hard earned money with them. Making money through crypto markets is possible and there are thousands of people doing it already.
However, it definitely is not an easy task. BaseFxMining promises high returns, but does not provide any tangible records or audited reports. The fact that they are trying to make money from unsuspecting investors is evident.
There is a good chance that this firm is following the ponzi model. Lastly, the longevity of the platform is also not looking good. Based upon everything we discussed till now, it goes without saying that you should stay away from them.
On BaseFxMining’s official website, a lot of testimonials are posted. At first glance, of course the comments are positive and it encourages people to proceed with this firm. Sadly, there is no way to verify the user profiles and a lot of images showcased by them look like stock photos.
This firm might be twisting the testimonial section to enhance their image and look authoritative. On third party forums, they have not received any inputs yet.
Plus, even their web traffic is not that huge. Bottom line is that due to the controlled flow of information, we should not trust anything shown by these crooks. Also, unless you can verify things firsthand, never give them the benefit of the doubt.
Lost money to BaseFxMining?
If you have suffered a loss due to investing with BaseFxMining or if you are unable to get your money back from them, then use the contact form below to get in touch with us. We will assist you step by step in the chargeback and the cryptocurrency tracing process for free.
From providing a detailed plan of action to handling the formalities, our team will take care of everything for you. Note that all of our services are free and our only intention is to protect the people on the retail side.
BaseFxMining is a sketchy service that is led by people that are operating from the shadows. Everything about them is concerning and unless you want to risk your funds, it does not make any sense to sign up with them.
Let us know your thoughts on BaseFxMining in the comment’s section.