Electroneum Scam? Honest Review Exposes All!

Looking for a review of the new Electroneum ICO?

Perhaps you’re wondering whether the Electroneum scam rumours are true?

Today I’m investigating this new cryptocurrency business opportunity and giving you my honest opinion.

Before I start…

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Electroneum Review

There has been quite the hype building about a new ICO called Electroneum and hence it is worth a closer look to find out whether it’s a scam or legit.

The reviews as usual are mixed and therefore I felt there was a need to put things in the right perspective. Some reviews are talking about how great this opportunity is however can you really trust these reviews when they are clearly put together by people promoting Electroneum. To me I think it looks similar to BitConnect and BitPetite and could well be a scam but I’ll let you decide after reading the rest of this review.

electroneum logo

Electroneum Company Overview

Electroneum is a new company that recently did an ICO and the hype surrounding it has been huge. I am confident that there is big money to be made through cryptocurrency and being a part of this ICO might help you get there, however it also might not. There are so many of these ICO’s happening and it’s a relatively unregulated industry right now so there’s a lot of scam artists moving into this field simply to capitalise on the hype.

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To be honest investing in something like Electroneum looks like it could make you a lot of money but with risks. There is no guarantee they will even be around tomorrow and the owners of the company could have run off with all the Bitcoin that you invested. This has happened before and will happen again.

How Does Electroneum Work?

I believe that anyone who is keen on investing in Cryptocurrency can get started by investing in it and hope for an increase in value. As I write this Electroneum review, Bitcoin already has touched $6000 per coin which is fantastic considering the fact that even 8 years back it was almost next to nothing. Therefore quite a few thousands of people are getting into this bandwagon.

For most of them the experience has been mixed.

While some are getting results, many are not. You still need to do your research on these companies before you blindly invest. The people having the most success in cryptocurrency are treating it like a real business and actually learning how to trade and invest properly, not just gambling on opportunities like Electroneum.

electroneum ico 40 million

Frankly speaking I had no idea as to what this ICO was all about. However, I realized that it is not hard to set up Electroneum. It is possible to start investing into cryprocurrencies by being a part of any blockchain wallet. As I write this review, new Electroneum cannot be purchased because they have reached the investment target. However, they certainly will be reopening during the beginning of November and also will be going public.

There is always the worry that this will never happen and they will simply flee with your money. That is the risk with these kind of ICO’s.

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Electroneum – Making It Simple

I will look at ways by which this part can be made simple making it easy for you to understand the power of staying investing in cryprocurrencies in general. It is now possible for you to get Electroneum for $0.01 and its value can go up within a month or two. On the flip side, it also is possible that the owners could run with the money because it is still not public. But I have seen many who are market leaders in cryptocurrencies have already invested in this coin. Therefore it would be worth doing some simple math calculations.

Spending $100 you can purchase 10,000 Electroneum coins. If the value goes from $0.01 to $1, you can expect to make $10,000 which is awesome. It the value went up to $10 per coin, you could make $100,000 which could be a killing. While this might look a mirage, I know that bitcoin has done that before and today it is $6,000 per coin in eight years. But the fact of the matter is that no other mainstream cryptocurrency has gained as much as Bitcoin.

How To Buy Electroneum

As of today Electroneum accepts just Bitcoin or Ethereum forms of cryptocurrencies and USD is not accepted. This is a bit strange because you cannot use your cards to buy these coins. You need to have a CoinBase.com account so that you are able to buy either Ethereum or Bitcoin and then transfer it across to Electroneum. You should know that this cryptocurrency money is untraceable so if the owner wants to run off with your Bitcoin or Ethereum he can do!

 

Electroneum Conclusion – Scam?

electroneum is not recommendedI won’t be recommending Electroneum because I think the risks of losing money outweigh the potential gains.

I’m by no means an expert when it comes to cryptocurrency but I did refer this ICO to a couple of friends of mine that are experts and they both told me not to bother investing as it would be too risky!

The simple fact is many of these companies are launching each week and they are resembling ponzi schemes. Plus on top of that there’s no way to trace the money so there’s literally nothing stopping the owners of the company running off with your Bitcoin to go and live free on an Island somewhere!

Why would you want to take that risk? Personally I’d rather build an online income that I am in control of and not simply gamble on Electroneum or any other Bitcoin MLM ponzi schemes.

Obviously this is my personal opinion, I do also believe that you COULD end up making a lot of money with Electroneum. It just depends whether you want to take that risk / gamble!

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation below.

It’s helped me earn over $150k in the last 6 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

 

About the Author

Mark

Hi, I’m Mark. I figured out how to make a 6-figure income online and I’ve put this blog together to teach others how to do the same.

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