Get Prime Crypto (GetPrimeCrypto.net) claims to be a trading platform for cryptocurrencies. It offers the ability to trade various cryptocurrencies using a web based trading platform. Users can supposedly create an account, deposit funds and then trade with various cryptocurrencies through the platform’s interface.
The website may appear legitimate and convincing at first glance, but upon closer inspection, it becomes apparent that it is nothing more than a scam. In other words, the website is designed to deceive and defraud unsuspecting individuals.
As such, it is crucial to be cautious while providing any sensitive information and it is always advised to verify the authenticity of such websites before taking any action.
Licenses and Regulation
One of the red flags that may indicate a website is a scam, especially while dealing with crypto is the absence of licenses and regulation. Legitimate companies dealing with cryptocurrencies typically display their license and certification prominently on their websites as a proof of their credibility and compliance with relevant laws and regulations.
However, Get Prime Crypto does not have a license, making it a risky choice for traders. Their invested money will have no guarantee and can be easily stolen.
Traders have reported negative experiences with GetPrimeCrypto, particularly when trying to make a withdrawal. The account manager may fabricate excuses to delay or prevent the withdrawal and eventually freeze your account.
Hence if a website lacks important credentials it is a cause for concern and should be approached carefully. Without proper license, there is no guarantee that the website is legitimate and it may be engaging in illegal or fraudulent activities.
Get Prime Crypto Business Model
Get Prime Crypto claims to provide investment opportunities in the cryptocurrency market. Its business model is centered around offering investors the chance to invest in cryptocurrency assets through a range of different plans.
The company claims to use sophisticated algorithms and trading strategies to generate profits from cryptocurrency trading. Investors are promised high returns on their investments, with some plans offering daily returns of up to 3%. Get Prime Crypto also offers referral bonuses and other incentives to encourage investors to bring in new clients.
However it is important to note that investing in GetPrimeCrypto comes with a lot of risks even though the returns and their referral program may seem attractive.
People have often reported that Get Prime Crypto does not deliver on the promises it made, which could be a sign of a fraudulent or deceptive business model. Investors should be wary of any investment opportunity that guarantees high returns or makes unrealistic promises as these are often scams.
It is also important to be aware of the risks involved and to only invest what you can afford to lose.
Investment plans
This firm offers a range of investment plans that are designed to appeal to different types of investors. These plans include:
- Basic Plan: The basic plan requires a minimum investment of $500 and promises a daily return of 1.5% for a period of 20 days. The total return on investment is 130%.
- Silver Plan: The silver plan requires a minimum investment of $1,000 and promises a daily return of 2% for a period of 20 days. The total return on investment is 140%.
- Gold Plan: The gold plan requires a minimum investment of $5,000 and promises a daily return of 2.5% for a period of 20 days. The total return on investment is 150%.
- Platinum Plan: The platinum plan requires a minimum investment of $10,000 and promises a daily return of 3% for a period of 20 days. The total return on investment is 160%.
- Diamond Plan: The diamond plan requires a minimum investment of $25,000 and promises a daily return of 3.5% for a period of 20 days. The total return on investment is 180%.
- VIP Plan: The VIP plan requires a minimum investment of $50,000 and promises a daily return of 5% for a period of 20 days. The total return on investment is 200%.
These investment plans come with a high degree of risk, as the cryptocurrency market is highly volatile and subject to rapid fluctuations.
Contact details
The contact details as follows:
- Phone: 44-1568605271
- Email: support@getprimecrypto.com
- Address: Sweetwood Drive Street, Boulder, Colorado 80302
But unfortunately they never respond when contacted. Even when they do respond most of the time they do not resolve the issues faced by the investors.
Get Prime Crypto: Scam or Legit?
Get Prime Crypto claims to offer high returns on investment with little to no risk. This is a common tactic used by scams to lure investors into giving them money. Any investment opportunity that guarantees high returns or claims to be risk-free should be viewed with suspicion.
Get Prime Crypto is not licensed or regulated by any financial authorities. This is a significant concern, as it means that the company is not subject to any oversight or accountability.
There have also been reports of investors being unable to withdraw their funds from Get Prime Crypto, which is a major sign that the website is only here to loot your money.
Based on these factors, we can conclude that Get Prime Crypto is a scam.
Get Prime Crypto Reviews
On March 4, 2023, the following complaint was filed with the BBB (Better Business Bureau) by a an Ontario, Canada person who claims being scammed for $20,000 by a cryptocurrency scam known as “Get Prime Crypto” at getprimecrypto.net:
Beware of crypto investment scams. Some may promise big returns through crypto arbitrage contracts or market trading over short periods of time. However, when it’s time to withdraw your money from your account, the scammers may suddenly become unresponsive. They may stop responding to emails and phone calls.
It’s certainly important to be cautious when investing in cryptocurrencies and to do your research beforehand. Unfortunately, there are scams out there that promise big returns but end up taking your money and disappearing.
One common scam involves crypto arbitrage contracts or market trading. These scams promise big profits over short periods of time, but when it comes time to withdraw your money, the scammers may suddenly become unresponsive.
It’s crucial to do your due diligence before investing and to only invest what you can afford to lose. Always be wary of any investment opportunities that promise unrealistic returns or use high-pressure tactics to get you to invest quickly.
Verdict
Get Prime Crypto is full of red flags which suggest that it is not legitimate or trustworthy. Investors should be cautious and conduct thorough research. They should exercise due diligence before investing in any opportunity irrespective of the high returns that they promise.
It is always advised to seek the consultation of a financial professional before investing in any website.
If you have been scammed by them, please share your experience with us by leaving a comment below.
If you lost money online to online scams, make sure to get a free consultation with one of our recommended scam recovery companies.