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Cryptocurrency

Published on October 13th, 2020 | by Sara Kane

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Prima Wealth Review: Here are all the facts before you invest…!

Prima Wealth is a cryptocurrency mining site that uses cloud mining to mine different cryptocurrencies such as bitcoin and Ethereum. It utilizes Proof of Stake to mine Ethereum, which is the same method that is used by all miners. However, they claim that they can mine cryptocurrencies without having any hardware or using any electricity. While cloud mining can be used to generate small profits, their claimed method is quite different from other sites. Prima Wealth offers a variety of investment plans that start from 14% profit after every 15 hours. If what the claim is true, then an investor can become a millionaire in a few weeks. They also accept payment in various cryptocurrencies, although they do not specify how they plan to pay their investors. For a cloud mining platform, they are using quite a different method, which has not yet been verified. Before you decide on whether to invest in this site or not, consider the fact that there are a lot of things that simply do not add up when it comes to their strategy. It’s better to review all aspects of this site before making a decision.

Prima Wealth was formed in 2019, so it does not have much background in crypto-mining. The company is based in Panama, but it is not yet registered to provide financial services. They do not provide much contact information or even a physical location. The only way to get in touch with them is to fill in the contact form on the website or email them at: support@prima-wealth.com. This is quite unusual for a company that claims to have hundreds of investors. If you want to visit the site, you can do so at: https://prima-wealth.com/.  The lack of proper contact information makes it quite risky to invest in this site. Even cloud-based sites have phone numbers and registration details to prove their legitimacy.

Prima Wealth Review

Prima Wealth offers cloud mining services for bitcoin and other cryptocurrencies. They claim to have a strong mining strategy that does not use any physical hardware, although any experienced investor will know that this is simply not possible. They also have various investment plans with the lowest one offering 14% profit in 15 hours and it goes to 68% return after 7 days. The minimum investment is $20 and they highest plan has a minimum investment of $500. This is another red flag regarding this site as it is almost impossible to achieve such profits. They accept payment through different cryptocurrencies, but they do not specify how to withdraw your funds.

Strategy

The strategy of Prima Wealth is quite unclear. They claim to utilize cloud mining that helps them mine without having to invest in any hardware or incur any electricity costs. However, this means that they are creating cryptocurrencies out of thin air, which is impossible. They have only provided a vague idea of how they plan on mining cryptocurrencies and have not explained the strategy in detail. Judging from their claims, it is very difficult to believe that they are actually trading as cloud mining also requires servers and external hosting. Without setting up a mining farm, there is no way to mine cryptocurrencies.

Analysis

  • Company: Prima Wealth
  • Product: Cloud cryptocurrency mining
  • Minimum investment: S20
  • Strategy: Not specified
  • Mining results: Unverified
  • Customer Feedback: Negative

You may be interested in looking into other similar platforms…Coinsource Investment, ZuluTradeInvExpert, and Crypto Omega.

Trading Results

Prima Wealth has given payment proof on their website to show that they are actually mining. However, if you look closely, it is simply a list of usernames and their supposed payment. There is no way to verify that these are actual people or even that the payment is real. They do not even specify the payment method. Unless the payments are verified by independent third parties, it cannot be used as a proof that the site is actually trading. Many such sites use similar methods, but there is no way of verifying whether these payments actually take place or not.

Client Feedback

If you look at external reviews of Prima Wealth, then they are actually quite unpopular. Many people who fell for this site have claimed that they did not get anything out of it. The main issue is with the fact that their supposed trading strategy is actually impossible to achieve, so there is no way earning any money with this site. If you look at the bad reviews surrounding this site, you would think twice before investing with them.

Conclusion

While Prima Wealth does claim to provide significant returns on cloud mining, they are actually not providing any real service. They claim to be mining without electricity or hardware, which is impossible. The company is also not registered and does not provide any contact information. Their payment proofs cannot be verified either, so it’s better to stay away from this site.

Have you been considering to do business with this company? If so, we would love to hear more from you! So, share your thoughts with us in the comments section below…!

~ Happy Trading!

Prima Wealth

$20 (minimum investment)

2

Price


4.0/10

Strategy


2.0/10

Trading Results


2.0/10

Client Feedback


1.0/10

Customer Support


1.0/10

Pros

  • They offer a variety of investment plans
  • They promise a 14% profit after every 15 hours

Cons

  • they do not appear to be registered
  • They do not specify how you can withdraw your funds
  • The strategic information is way too vague
  • Their trading results appear to be unverified


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