Silver Coin Investment (silvercoininvestment.net)
Online Investment Platform
Is Silver Coin Investment Fake or Real?
Why is Silver Coin Investment Fake?
Silver Coin Investment (silvercoininvestment.net) is a website that claims to generate profits for investors through cryptocurrency trading. The fact that Silver Coin Investment promises returns as ridiculously high as 38.5% in 7 days makes it quite obvious that it is a fraudulent investment scheme.
Silver Coin Investment also has a 10% referral commission scheme which means that investors get additional returns if their referrals make deposits on the site. This hints that Silver Coin Investment may be a pyramid scheme if not an outright scam.
A domain name lookup of the website shows that it was registered on 21st February 2022. The registrant’s details such as name, location and contact details have been hidden using a privacy guard. Therefore, it is a new website that is being operated anonymously.
Even though it is quite clear that Silver Coin Investment’s website did not exist before February 2022, the website falsely claims that it is active since 2017. This is a blatant lie.
The About Us page of the website contains the following text:
Silver Coin Investment is a company from Australia that has been operating in the cryptocurrency mining and trading market since 2017, as well as engaging in Forex trading and having all the necessary permissions/licenses to conduct this business. The main objective of Silver Coin Investment. is to get the highest profits possible from trading on the foreign exchange (Forex), Cryptocurrency exchange markets and from ICO’s startups. If you are dreaming of earning on the powerful potential of Forex and Cryptocurrency trading, get on Silver Coin Investment. your investment opportunity which will carry you to more wealth and prosperity. Our team of highly professional experts works hard to ensure respectable income to each of our investors.
Silver Coin Investment investment platform is a safe place to keep and increase your money.
Upon further research, I found that the entire website’s content has been copied. There are at least 55 other websites using the same text, all of which may be scams. The list of sites is given at the end of the article.
Silver Coin Investment does not have a social media presence. The most concerning part is that there is no company or contact information given anywhere on the website. The only way to contact Silver Coin Investment is via a form. There is an incomplete Australian address provided on the website but it is likely to be fake.
I could not find any reviews of Silver Coin Investment online. If you want to share your review of this platform, you can do so in the comments below or on my social media pages.
It seems quite obvious that Silver Coin Investment and the 55 similar websites are likely to be scams. There are numerous signs suggesting that Silver Coin Investment is run by scammers and not genuine crypto traders. There is very little information present on the website and all of it is copied. The same content can be found on at least 55 other websites.
Silver Coin Investment is promising unrealistically high profits such as 38.5% per week. They also have a referral commission program which is a common feature of illegal investment schemes.
The company has no social media presence and there is no contact information given on the website. There are no details provided about who is running the website either. There are also no client reviews available online.
It is advisable to avoid investing with Silver Coin Investment or the 55 similar sites as there are no reasons to believe that they are genuine businesses. As a general rule, never send crypto to strangers as it cannot be recovered.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
List of websites using the same content as Silver Coin Investment
Disclaimer: This review is intended for information only and should not be relied on when making financial or business decisions. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.