Blockcext Review. Is Blockcext.com a Scam or a Legit?


What do you think? Either is Blockcext a scam or a legit? What is Blockcext.com in real? Is it safe to invest money in Blockcext.com? Well, of course not, because Blockcext.com is a scam.

 

The 15% daily profit payment, lack of proof to show the real source of income, bogus business claim, UK registration document, similarities with lots of previous scam sites prove Blockcext is a scam.

 

Now you know that Blockcext, which is also known as Block Extraction Limited is a scam. But also definitely we are providing you the more details on this company within our Blockcext.com review here. For that, you don't have to search any other Blockcext reviews. So your search for Blockcext.com reviews ends here. But after knowing the fact that Blockcext is a scam, if you don't want to find out more details on it but instead want to find out the legit ways to make money online, then you can find the list of genuine ways to make money online by clicking this link:newsonlineincome.com/legitimate-work-home-businesses/

 

However, our No.1 recommendation to make money online is Wealthy Affiliate. If you don't know what is Wealthy Affiliate, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/

 

OK, let's continue with our Block Extraction Limited review in order to find out in detail what is Block Extraction Limited and why is a Blockcext scam.


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Blockcext complaints. Block Extraction Limited reviews. Blockcext legit or scam?

What is Blockcext and why is a Block Extraction Limited a scam?

Block Extraction Limited is a scam because:-

  • It claims to pay its members 15% daily profit forever on the investment amount of the members by investing the money of members in cryptocurrency trading and mining. But that is completely a bogus claim because none of the real cryptocurrency trading or mining companies can guarantee such high rate of return daily. On top of that, even it fails to provide the proof of those trading and mining.
  • Paying 15% daily is a joke. If any company can pay 15% daily to their investors by doing legal business, then that company will never collect the investment from several people to invest in their project, instead, that company will raise a fund by taking loan from a bank or using the credit card money and use that to multiply the profit. After all taking loan from a bank needs to pay only 1% monthly, so why anyone wants to pay 15% daily to raise a fund to invest in their project?
  • The only verifiable source of income coming into the Blockcext is not other than the money invested by the affiliates which prove it can pay only a few members at starting by routing the money between the members which is completely unsustainable system because each time they pay profit to the member, they create a debt into the system which will be kept on increasing day by day and at last whole system will be collapsed.
  • Companies like Blockcext only pay a few members at starting only to show the payment proofs so that they can lure more people into their scheme and collect the huge amount of money and run away with that.
  • The companies like Blockcext are known as a Ponzi scheme which is an illegal scheme. If you don't know what is Ponzi scheme,  then you can click this link:- newsonlineincome.com/ponzi-scheme/
  • Similar to other Ponzi schemes, Block Extraction Limited has also registered from the UK Companies House. But that is not a proof of legitimacy because anyone can provide fake detail to register a company very easily with UK Companies House. In order to find out how the companies are registered in the UK Companies House and how scam companies are taking benefit of that, you can click this link:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
  • Legal authorities have already issued warnings to stay away from Ponzi schemes like Blockcext. Actually, involving with the companies like Blockcext is a crime.

Aforementioned, we already made you clear that Blockcext is a scam, so we have listed it within our Bad and Scams category.


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