Is Moonminers Legit? [2022 Crypto MLM Review]

Looking for a MoonMiners Review?

I recently stumbled across this crypto MLM opportunity so I decided to take a closer look and get all the details about it.

Moonminers is marketed as a crypto mining platform where you earn returns when you join and invest a prescribed amount of money.

In this piece, we will get into how it works and whether or not I think it is a legit opportunity.

Before I start…

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What is MoonMiners?

Moonminers is a platform launched in October of 2021 comprising a community of people who have worked together in the cryptocurrency market engaging in activities like trading, mining and investing.

Is Moonminers Legit? [2022 Crypto MLM Review] 28

Having gained years of experience, these people created Moon Miners to make crypto trading more accessible to the public.

They Implemented their vision in three phases:

Phase One

They launched their website and a Telegram chat to provide investors with regular updates about the market and learn more about the team.

Phase Two

In the second phase, the goal was to increase the number of helium miners by recruiting them on a global scale. They also wanted to increase the volume of trading bots to match the volume of traders that was expected to grow.

Phase Three

Develop an internal system in the website called MoonControl that lets users monitor the Miners they are controlling.

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How Moon Miners Works

To become a MoonMiner, you only need to follow three important steps. They have a web app that you can open online:

Is Moonminers Legit? [2022 Crypto MLM Review] 29

These are:

Sign up for an exchange

Create an account with a leading crypto exchange like Binance, Coinbase, or any other exchanges you prefer.

Buy cryptocurrency

Buy cryptocurrency that you will be investing with. They accept Bitcoin, Dogecoin, and Ethereum. They also encourage Tron or Ripple for their low network fees.

Pick a plan

Visit the “Investments” tab and “deposit” your crypto. They have instructions on how to go about it.

When the transaction is confirmed, they provide you with funds in your account to invest. Note that there is customer support in case you encounter difficulties.

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What is Helium Mining?

Helium is a decentralized network for Internet of Things (IoT) devices. The nodes are called Hotspots, a combination of wireless gateway and a blockchain mining device. Helium miners are rewarded with Helium’s native cryptocurrency token, the HNT, for their efforts.

AI Trading Bots

Moon Miners managed to create AI trading bots to have globally executed trades in multiple mainstream digital currencies like Bitcoin, Ethereum, Binance Coin, and Cardano.

AI Bots are quite popular with traders these days. We’ve seen them being used by KarbonAI and The Plan.

Is Moonminers Legit? [2022 Crypto MLM Review] 30These AI bots can operate in all market conditions where they take both long and short positions with automatic daily trades depending on the signals and trends within the market.

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Who Runs MoonMiners.net?

I couldn’t quite nail down who started the platform other than the fact that they say that it was created by a team.

Anonymity within the cryptocurrency market is not new because people don’t even know who started Bitcoin (Satoshi Nakamoto is the name of the pseudonymous person/persons who supposedly started off the popular cryptocurrency). No one knows who that is. Therefore the team that was involved in the creation of this company remain unknown.

MoonMiners Products

Moonminers have what they call “Investments” where you put your cryptos on the line for certain levels of returns.

Is Moonminers Legit? [2022 Crypto MLM Review] 31

To access these investments, you have to create an account with a repuatable exchange like Binance and Coinbase and buy crypto from them.

Then you join Moonminers and invest.

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How You Make Money With Moon Miners

There are two ways you can make money with Moon Miners:

  • The first way is through investing into the company for a return using crypto.
  • The second way is by recruiting new members into the company. When they invest, you earn commissions as a percentage on those investments.

Moon Miners Investment Plans

Here are some of the plans offered by the company (remember that there is a lot of risk involved):

HNT256

Is Moonminers Legit? [2022 Crypto MLM Review] 32The minimum investment is $10. You receive a commission starting from 1.9% daily. In one week, you earn $1.33.

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SHA512

Is Moonminers Legit? [2022 Crypto MLM Review] 33The minimum investment is $1,000 for gains of up to 2.2% daily for a three-month contract.

ETHASH

Is Moonminers Legit? [2022 Crypto MLM Review] 34The minimum investment here is $5,000 for 2.5% daily in returns for three months.

BTCHASH

Is Moonminers Legit? [2022 Crypto MLM Review] 35The minimum you have to invest is at least $10,000 to receive 2.8% daily for three months.

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Referral Commissions

Moon Miners ensures that you are paid through a unilevel compensation plan structure.

Is Moonminers Legit? [2022 Crypto MLM Review] 36

The company pays commissions down three levels in total.

  • Level 1 – 5% (direct recruits)
  • Level 2 – 3%
  • Level 3 – 1%

How Much Does Does It Cost?

The MoonMiners affiliate membership is free, but the least you must invest is $10.

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Is MoonMiners Legit?

MoonMiners seems a bit off to me. It has the hallmarks of a crypto MLM scam.

If you look up Moonminers reviews online, they are overwhelmingly positive, which leads me to believe that they are not genuine. I don’t think you can trust those reviews because by the end of the day, they are probably by affiliates trying to recruit you.

Final Verdict

There are a few things that have led me to believe that MoonMiners is not worth the trouble.

For example, the people who started it don’t disclose who they are, which is important when building trust in an age where crypto scams are rampant in the market. It also comes across as a bit suspect that these people are hiding behind the scenes and waiting to make money off of people’s “investments.”

There have been reports alleging that they pay out, but how long into the future will they keep it up? You see, the problem with these schemes is that they pay investors at first, but when the money coming in from new recruits dries up, these funds disappear.

You are better off trading cryptos on your own because you will have control over it instead of entrusting someone you don’t know online to do it for you. You will not miss out anything by passing it up.

Before you leave

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

It’s helped me earn over $300,000 in the last 12 months alone:

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(This is a 100% free training)

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David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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