ID Mining is a cloud mining company that claims to offer high returns on investment. However, there are a number of red flags that suggest that ID Mining is a scam.
Company Overview
ID Mining was founded in 2017 and claims to have 5 mining farms around the world. However, there is no evidence to support these claims. The company’s website is poorly designed and contains grammatical errors. There is also no information about the company’s management team or its financials.
Does ID Mining Have Any License?
ID Mining does not have any licenses or registrations to operate in any jurisdiction. This is a major red flag, as it means that the company is not subject to any regulatory oversight.
Is ID Mining Regulated By Any Authority?
It is not regulated by any financial regulator. This means that there is no one to protect investors if the company goes out of business or if it defrauds its customers.
ID Mining Pros and Cons
Pros:
- The company offers a variety of cloud mining plans to choose from.
- ID Mining has a referral program that rewards users for referring new customers.
Cons:
- ID Mining is not licensed or regulated by any financial authority.
- The company has a poor track record of customer service.
- There have been numerous complaints about ID Mining being a scam.
How Does ID Mining Reach To Their Prey?
ID Mining uses a variety of methods to reach potential victims. The company advertises on social media, in online forums, and through email spam. ID Mining also uses fake news articles and social media posts to promote its services.
Technical Details of ID Mining
Minimum Deposit:
The minimum deposit to start mining with ID Mining is $250.
Trading Platform:
This site uses its own proprietary trading platform. The platform is not very user-friendly and lacks many of the features that you would expect to find on a reputable trading platform.
Spread:
The spread of ID Mining is very high. This means that you will pay a lot of money in fees every time you trade.
Leverages:
They offers high leverages up to 1:100. This means that you can control a large position with a small amount of money. However, high leverage can also magnify your losses if the market moves against you.
Packages and Products They Offer
Withdrawal and Deposit Method
IDMining only supports Bitcoin (BTC) for withdrawals and deposits. The minimum withdrawal amount is 0.001 BTC.What Do Their Previous Traders Say?
There are a number of complaints about ID Mining online. Some users have reported that they were unable to withdraw their funds from the company. Others have said that they were scammed by IDMining.Summing Up- Why Should Not You Trust ID Mining
There are a number of reasons why you should not trust ID Mining. The company is not licensed or regulated by any financial authority. It has a poor track record of customer service. There have been numerous complaints about ID Mining being a scam.If you are considering investing with IDMining, I strongly advise against it. There are many reputable cloud mining companies that offer better services and are more likely to protect your investment.If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by IDMining, you should contact your bank or credit card company to dispute the charges. You should also file a complaint with the financial authority to report the scam.If you are looking for a quick solution, you can contact us. We will provide you with free consultation along with educational resources to keep you updated and alert.File A Complaint Against Scam Broker's
Final Thoughts
ID Mining is a scam broker that you should avoid. If you are considering investing with ID Mining, we strongly advise against it. There are many reputable cloud mining companies that offer better services and are more likely to protect your investment.
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