What is Crypto State? Is CryptoState Scam or Legit?


CryptoState.biz is a scam, there is no doubt on that because Crypto State is a combination of two illegal schemes, Ponzi and Pyramid schemes. If you don't know about Ponzi and Pyramid schemes, then you can find the details by clicking the respective links as below:- 

 

Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/

Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/

 

Now maybe you want to know why is CryptoState.biz a scam, a Ponzi Pyramid hybrid. Well, you can find that later in our CryptoState review here. So, if you are searching for the CryptoState reviews to find out either is CryptoState a scam or a legit, what is CryptoState.biz in real, then you don't have to search any further CryptoState.biz reviews for that. We are here providing the complete truth about CryptoState.

 

But, now it is clear that CryptoState is a scam. So, after knowing this fact, if you don't want to find out more details on CryptoState but instead want to find out the real ways to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/

 

Although we have listed several kinds of legit ways to make money online, our No. 1 recommendation is Wealthy Affiliate. If you don't know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/

 

OK, let's continue with our CryptoState.biz review to find out in detail what is CryptoState and why is a Crypto State scam, a Ponzi Pyramid hybrid.


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CryptoState legit or scam? CryptoState complaints. Crypto State reviews.

CryptoState login and join in link:- CryptoState.biz (Not recommended to join, it's a scam)


Why is Crypto State a scam?

Crypto State is a scam, a Ponzi Pyramid hybrid, means a combination of two illegal schemes due to the following reasons:-

  1. CryptoState claims to pay its members up to 5% daily profit by investing the money of members in cryptocurrency trading. But, that is completely a bogus claim because none of the real cryptocurrency traders can guarantee such high rate of return daily. The real companies which deal with cryptocurrency trading and mining like GM never can guarantee the fixed rate of return in fix period of time. If you don't know what is GM and want to find out the details, then you can find that by clicking this link:- newsonlineincome.com/genesis-mining/
  2. There is not any verifiable source of income coming into the CryptoState other than its claim of making a profit through cryptocurrency trading. But, we already make you clear that is a bogus claim and even it fails to provide the proof for that claim.
  3. They haven't provided the real information about who and from where is operating the CryptoState except the registered document from the UK Companies House. But, that is not a big deal because anyone can provide the fake details to register a company in the UK Companies House. In order to find out how the companies are registered in UK Companies House, we suggest you take a look at our this post:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
  4. If some company can pay up to 5% daily profit forever, then why that company has to collect the investment from several people to invest in their project by paying them 5% daily instead of simply taking a loan from a bank in much more lower rate, less than 1% monthly if they need to raise a fund for their company? So, their business model doesn't make any sense. So, this proves that their claims are completely bogus and Crypto State is a big fat lier.
  5. The companies like CryptoState Group Limited pay few members at starting in order to lure more people into their scheme so that they can collect the huge amount of money and run away with that.
  6. CryptoState also offers the referral commission up to 2 level referrals like MLM companies, but without selling any real products or services, just on the sales of its ROI plans which makes it another illegal scheme, known as a Pyramid scheme
  7. These kinds of companies are not new. There were 1000s of these kinds of companies which have already scammed the millions of money from various people. Some of them even get caught by the legal authorities. Involving with these kinds of companies is a crime and legal authorities have already marked these kinds of business models as a scam.

Aforementioned, now it is clear that Crypto State is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.


Please feel free to share this Crypto State review with your friends and families to warn them about this CryptoState.biz scam.



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