Cryptotek Review is Cryptotek.org Mining Scam or Legit

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Cryptotek.org Review

General information about Cryptotek.org

Cryptotek positions itself as a company that conducts the real-life activity. It takes its roots from the British company called TEK that was founded in 2020. This company provided consulting services in the field of information technology to clients from all over the world.

Cryptotek was created in 2020, as the division of TEK. The main objective of Cryptotek is to become a noticeable player in the crypto market and develop its own cryptocurrency. In October 2020, the decision was made to expand the geography of company’s operations, which led to the creation of Cryptotek Corporation, a subsidiary company located in the United States.

The company’s head office is located in Maryland, USA, and you can also find all legal information about Cryptotek at the official website of the Wyoming state (you can find the link on the website, in the About Us section). The list of legal documents includes the certificate of incorporation, the certificate of good standing, the registration in the Federal tax payment system, and the verification of website’s security and authenticity.

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Moreover, Cryptotek will send a paper version of the contract that confirms your investment in this project. In other words, Cryptotek is as transparent and law-complying as it gets in the crypto business.I

n 2020, the company merged with the American holding corporation BTP, and now it actively works in 191 countries of the world. Currently, they own mining farms that are located in the Netherlands, the United States, and Hong Kong. The company’s slogan is, “Innovation distinguishes a leader from a follower”, which contains a strong message that Cryptotek always tries to be ahead of the competition.

However, we will not sign high accolades to this service because there are certain issues which could be improved, such as the lack of detailed information about the members of Cryptotek team, as well as the elaborated roadmap of future developments. It is quite obvious that the company has a bright future, but it is of utter importance to get the users acquainted with the company’s plans and prospects.

Cryptotek’s website features more generic phrases than specific information. For instance, they inform that by the end of 2020, they plan to launch two public projects, but do not give even the slightest hint about the nature of these projects. Today’s users and crypto enthusiasts are really demanding, they want more personal approach and assurances of the future prospects. Cryptotek should definitely work on these issues.

Company address:

100 International Drive MD
Baltimore
Maryland, 21202
USA

Algorithms and Coins:

For SHA256: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Bitcoin , You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Peercoin , You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Namecoin
For Scrypt: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Litecoin
For Ethash: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Ethereum
For CryptoNot: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Monero
For X11: You have double ID
7d 24h 1h
” style=”color:#4d4d4d”> Dash

Services Provided

Cryptotek operates in the following three areas of business:

  1. Cloud mining of such cryptocurrencies as Bitcoin, Litecoin, Ethereum, Dash, Monero, Peercoin, Namecoin. They also actively use their own token called CRT. Cryptotek promises 15 to 17.5% of monthly profits. The minimal investment amount is $10. The profits from mining are calculated in real time.
  2. Online trading on Cryptotek’s own exchange. This type of activity is actually more profitable that cloud mining due to the high volatility of every cryptocurrency. Cryptotek insures its clients against possible losses by creating a special fund that is based on deduction from every profitable trade. The average profitability from trading on Cryptotek is 17.1 to 26.3% per month. The payments are conducted on a weekly basis. The minimal investment is $100.
  3. Deposits and investments. The latest business feature of Cryptotek which allows their customers to invest in promising start-ups and Cryptotek itself. All deposit-makers are entitled to the fixed interest which makes Cryptotek something similar to an investment bank. The estimated monthly profitability is 21 to 30%. Payments are conducted on the monthly, quarterly, and yearly basis. The minimal amount of investment is $1000.

�� Fees and Pricing Schedule

Those who have decided to invest in Cryptotek cloud mining will be able to mine seven cryptocurrencies which were listed above. Since the mining of these coins is conducted via different algorithms (SHA-256, Scrypt, X11, Ethash, CryptoNight), Cryptotek decided to introduce their own token which is called CRT.

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This token is used for purchasing hashing power. Basically, the more CRT you have in your wallet, the faster the mining process. You can purchase the hashing power for mining any of the listed cryptocurrencies at any given moment. Therefore, if you have enough CRT, you can mine several coins at once or switch between coins and mine the one that seems more appealing to you at the given moment of time.

Cryptotek does not offer any mining plans, your profits depend solely on the amount of your initial investment. For instance, $100 investment (in Bitcoin) will bring you a monthly profit of $15.9, and the yearly profit of as much as $190.8, which amounts to 90% return on investment. There is no information about maintenance or any other mining-related fees on the website.

Apparently, these fees have been already included in the profit forecasts.

Cloud mining services offered by Cryptotek is surely safe, it has decent profitability and the mining system itself is comprehensible even for those who were never involved in cloud mining before.

Cryptotek Review: is Cryptotek.org Mining Scam or Legit?

Cryptotek claims it could make you good profits from cryptocurrency mining. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Cryptotek.org, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Cryptotek.org Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the US are not in actual sense located there.

Cryptotek Corporation is not a legit cryptocurrency mining company. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

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Cryptotek Review

Are you searching for the Cryptotek reviews in order to find out what is Cryptotek, either is Cryptotek a scam or a legit, then you are absolutely in the right place because here, within our Cryptotek.org review, we are going to reveal the complete truth about Cryptotek so that you can find out either is Cryptotek a scam or not. In short, we want to make you clear that we have listed Cryptotek within our bad and scams section because all of its claims are fake and it doesn’t pay its members after they request for cash-out. If this much information on Cryptotek is enough for you and now instead of finding out more details on Cryptotek, if you want to find out the real opportunities to make money from crypto currencies whether the price goes up or down click here.

OK, now let’s begin with our Cryptotek review as below to find out what is Cryptotek.org in real.

Cryptotek Review

There is not any verifiable source of income coming into the Cryptotek other than its claim of making a profit through bitcoin news trading and mining. But, we already make you clear that is a bogus claim and even it fails to provide the proof for that claim.

Cryptotek claims to pay its members 260% per year of profit by investing the money of members in cryptocurrency mining and trading. But, that is completely a bogus claim because in reality none of the legit cryptocurrency traders or miners can guarantee such high rate of return daily. The real cryptocurrency trading robots like FXMasterbot never can guarantee the fixed rate of return in fix period of time. If you don’t know what is FX Master bot and want to find out the details, then you can find that by clicking this link:- https://scamea.com/fx-master-bot-review/.

Who are the owners?

The owner details of Cryptotek is completely hidden within a WHOIS as well as they haven’t provided the real information about who and from where is operating and running the Cryptotek. They claim that the are based in Baltimore, Maryland. But, that is not a big deal because anyone can provide fake details to register a company in anywhere.

Illegal Business Model

The business model of Cryptotek is completely illegal because it is a Ponzi Pyramid hybird which may pay few members at starting by routing the money between the members so that it can show the payment proofs and can lure more people into its scam and collect the huge amount of money and run away with that.

If some company can pay up to 260% net yearly profit forever, then why that company has to collect the investment from several people to invest in their project by paying them 260% yearly return instead of simply taking a loan from a bank in much more lower rate, less than 1% monthly? So, their business model doesn’t make any sense. So, this proves that their claims are completely bogus and Cryptotek is a big fat liar.

No product in line

Cryptotek also offers the affiliate commission up to team manager level downlines 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.

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.

Review Verdict: Cryptotek is a scam – Stay away

Our best advise for you

Aforementioned, it is clear that Cryptotek is a Ponzi Pyramid hybrid with unclear owner details. So, Cryptotek is a scam, that’s why we have listed it within our Bad and Scams category. Here are the best platforms.

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