Is Minerift Biz Legit or another Crypto Ponzi?

Welcome to my review of Minerift Biz, a cryptocurrency based MLM company.

The company claims to offer an array of services, including Crypto trading, Forex trading and Crypto mining.

We also found that the website belonging to Minerift (Minerift.biz) is a relatively new one whereby the domain was registered recently (on 21 April, 2021).

In this detailed and honest Minerift Biz review we will be taking a look at how the business purportedly works, the payment system, minimum deposit values, and other relevant details about the company you should know about if you are considering signing up for it.

Before I start…

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Quick Introduction to Minerift

Minerift is a privately registered company that is in the monetary services industry. The platform also claims to connect both local and institutional buyers.

The website receives most of its traffic from the United States, Saudi Arabia and Russia. A traffic analysis reveals that there is an even spread across those three countries.

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There is no data or information we could readily find online about Minerift’s owner, which is always a cause for concern from the off. In that sense, it reminds me of programs like Force FactorCash Improve, and Big Money Connection.

According to the official website, 40% of investment can be made through cryptocurrency trading, 18% in forex, 25% in financial services, 5% in equity markets, and 12% in mining.

Cryptocurrency trading involves digital currencies like Bitcoin, Perfect Money, Ethereum, Dogecoin, Litecoin, Tron, and Tether. Bitcoin cash is also allowed.

Minerift biz also has a mobile application that they intend to launch in near future.

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How can you Join Minerift Biz?

If you are looking to join Minerift’s affiliate program, the good news is that you can join for free.

However, if you want to become an affiliate, you need to make an initial investment in one of Minerift investment packages.

To become a paid affiliate, you can invest anywhere between $20 to $50,000.

Affiliates make money from those investments.

If you are joining the platform for the first time, then you will only need to fill up the registration form. It is a relatively easy process.

Minerift’s terms indicate that the platform should not store your personal data.

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The Minerift Biz Compensation Plan

Minerift has a variety of investment plans or packages and they are structured in a way that you can start earning a daily return for 40 days.

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There are four different investment plans available and they are structured as follows:

Curious Plan

To qualify for this investment plan, you will need to invest $20 to $1000 and you will receive 5% every day for 40 days.

Glorious Plan

In this investment package, you invest anywhere between $1001 to $5000 to receive 7% every day for 40 days.

Victorious Plan

You will need to invest anywhere between $5001 to $10,000 to receive 9% every day for 40 days.

Luxurious Plan

This is the most expensive investment package where you invest $10,001 to $50,000 to receive 11% every day for 40 days.

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Referral Commissions

In addition to the above investment plans, you can also earn commissions on your referrals. MineRift pays commissions on funds invested by recruited affiliates.

If you recruit more people to join and invest in the company’s packages, you will receive referral commissions off of their investments.

Is Minerift Biz Legit or another Crypto Ponzi? 11

Note that the company has a unilevel compensation plan for affiliates.

This unilevel compensation plan has three levels: Standard Referral, Representative, and Global Representative.

Standard Referral

In the previous section, we have talked about the daily ROI that you are promised when you join and how it is based on a unilevel structure.

In this section, we will look into how you earn money through standard referral commission.

The way this is structured is fairly simple.

  • You earn a 6% commission on level 1. These are your personally recruited affiliates.
  • You earn 4% on level 2. This means that you earn commission for the second generation affiliates who are brought in by your direct recruits.
  • You earn 2% on level 3. You earn this off of the third generation affiliates.

To bring in more members, you should share your unique referral code through social media, blogs, emails, chats, and other avenues.

When new members join Minerift through your referral code, you will receive referral commissions.

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Representative

To qualify as a Representative you have to recruit and maintain five affiliates who have to make an investment.

The commissions you earn will be determined by how much you will have earned:

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Global Representative

As a part of this scheme, representatives receive boosted referral commissions on every deposit by new members who are joining via a unique referral code.

To become a global representative, you need to fill up the representative application on the representative section.

There are three levels: level 1, level 2, and level 3.

In Level 1, the commission rate is 10%, 7% for level 2, and 5% for level 3.

In addition to that, there is the Representative Structural Level. You need to keep increasing your referrals to reach this higher level in the Representative Structure.

The higher level earns you more in commissions. In total, there are a total of nine levels in this structure.minerift highest commission

Out of all these levels, All Star and Hall Of Fame levels are entitled to the highest commissions.

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Does Minerift Have a Minimum Deposit?

We have already talked about the four different investment plans available at Minerift Ltd for new members.

If you are joining the Curious Plan (the lowest level of investment package), then your minimum new deposit is $20.

Minerift Ltd will push you to deposit more so that you can earn more. For Glorious Plan, the minimum deposit amount is $1001, for the Victorious Plan, your minimum deposit will be $5001, and or Luxurious Plan, the minimum new deposit is $10,001.

Concerning Facts about Minerift Biz

As we have mentioned, it is a bit worrying that key business profile info is not readily available on the internet and there’s no information available on the official site.

According to the founder, Robert Anthony Latcham — they have 3 entities registered in UK incorporation, named Rift Studios Ltd, RCL Medical Limited (Dissolved now) and Minerift Ltd.

Minerift Biz does not have any direct registration/approval from the UK incorporation and they haven’t shared any information regarding its locality and authorization.

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Is Minerift Biz a Huge Scam?

Minerift is running a ponzi scheme. The company encourages you to purchase their investment plans and make an initial deposit in order to start receiving those daily payments. The same happens with other recruits.

On top of that, there have been complaints that the withdrawal process is tough. In fact, many users have said that they were unable to withdraw their funds.

All these things prove that Minerift is running a rogue business and falling for their schemes is not a smart idea.

Plus, as we have already told you Minerift has three entities registered in United Kingdom incorporation: Studios Ltd, RCL Medical Limited (Dissolved now) and Minerift Ltd.

However, Minerift Biz does not have regulatory approval or certification of operation.

All these things clearly prove that the site is trapping the customers to subscribe for investment packages and even refer people to join as affiliates with the promise of instant api payment, easy withdrawal, and guaranteed daily return.

However, in reality, there are no prompt payments and there is a high probability that your investments will be stuck.

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Final Verdict on Minerift Biz

The Luxurious plan of Minerift Biz requires you to invest 10,001 to 50,000 with the promise of a prompt 11% ROI (daily return).

You may be wondering if it’s worth it to go for this plan since it offers the best daily earnings out of the rest of them.

But after examining it, it is not a good idea because while most of the available plans offered by Minerift promise a high daily return as well as referral commissions, when new investments run out, the payments will dry up.

Contrary to what the site says, the company does not produce returns from those operations because their main source of revenue is new recruits.

Furthermore, based on our analysis, Minerift Biz is not a registered or authorized company. That’s why the company is most probably running a ponzi scheme.

You should always be on the alert to avoid getting trapped in such schemes as you may ultimately end up losing a lot of money

Before you leave

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