Are you looking for DreamHash Review? 2017 has been a real boom year for cryptocurrencies, and it should come as no surprise to learn that we’ve also seen a huge growth in scams such as DreamHash scam trying to take advantage. Unlike the majority of crypto scams that usually follow a model akin to a typical binary signals fraud, this is rather more imaginative attempt to separate investors from their deposits. The DreamHash Crypto Currency claims to offer a super-powerful mining system which assures users of between 10-12% daily growth on their capital. Even though regular traders will see right through this impossible projection, there are plenty of newbie traders out there looking to jump onboard the Bitcoin bandwagon. Make no mistake, the DreamHash website is one of the worst scams we’ve seen emerge recently. Read on for the proofs!
DreamHash Review – Dangerous Bitcoin Scam Exposed with Proof!
When reviewing any new trading service, finding out who is running the program and ascertaining regulatory status is always one of the key priorities. The DreamHash Crypto System claims with some pride to be fully legal for UK residents – implying that it falls under the regulation and protection of the FCA. Yet the problem is that the number they provide (10750138) is totally fake! Naturally, this begs the question of why would they lie about being registered or include false/incorrect evidence on their site? Regular scam watchers will know that the crooks running DreamHash Crypto Scam understand all too well that a tiny percentage of people will bother to look up/verify this claim.
In our opinion, this massive lie is already reason enough why nobody should ‘dream’ of using DreamHash review website. Yet unlike most online trading scams, they are surprisingly light on their backstory. There’s none of the usual claptrap claiming to have teams of super programmers who have cracked a mythical code. Instead, they offer investment plans rather than typical software/apps.
How DreamHash Bitcoin App Claims To Work
Upon first glance one of the most interesting components of the DreamHash Crypto system was that they seem to accept very small (and very large) BTC deposits. These range from as little as 0.001 BTC (around $7) through to 500 BTC (a staggering half million!). In order to actually get started using their system, clients have to open personal wallets to hold their coins and then transfer these over to a unique wallet address controlled by DreamHash App. This apparently varies for every investor – meaning that if this is the case (which we doubt) it would create a very difficult to track blockchain.
So what’s the problem with this DreamHash deposit system? Obviously, it is completely untraceable and there’s nothing to stop those running the site from just stealing your coins. Despite Bitcoin becoming ever more mainstream, there are still countless clear and darknet sites that fail to use any form of escrow. What this basically means is that by passing over your coins, you are trusting the service provider to deliver as promised. Given that we’ve already exposed the fact that their regulatory status is falsified – and there’s no information about who is running the Dream Hash review website or even where they are truly based – this is an incredibly dangerous way of trading.
The DreamHash Bitcoin Website Gives Fake Claims!
One theory that is worth considering is that this could be a Ponzi scam. On DreamHash review website, they claim to have had four times more BTC deposited into their mining system compared to what has been withdrawn. With 13,500 members it is not impossible that maybe it could be a confidence trick that seems ‘on paper’ to pay into accounts but cannot ever be withdrawn. Truth is, after what we’ve already seen there was no way we’d even risk losing 0.0001 Bitcoin to these scammers – but it is certainly an explanation.
If this were the case then eventually whoever is running the DreamHash Bitcoin site will perform an exit scam and vanish with all the BTC that has been entrusted to it. Interestingly they do claim to offer users a 5% referral bonus for new members – which of course is a classic Ponzi characteristic. The small print also mentions that users cannot ever withdraw their initial DreamHash deposit – which is worrying, to say the least!
This being said, we’d still lean towards suggesting that DreamHash review Crypto mining system is simply a darknet style scam that has chosen to operate on the clear net. Such a theory would explain why they only accept deposits directly via Bitcoin, also provides further evidence as to why they place so much emphasis on claiming to be regulated. There is no question that if this site were actually operated from the UK that it’d be closed down very quickly, meaning that more likely the servers will be hosted in a much more ‘scam-friendly’ territory.
The DreamHash Scam Is Hiding the Reality Of Cloud Cryptocurrency Mining
With mining having recently been banned in China there’s a considerable gap in the market for people to get into mining. The problem is that many thousands of other people will have had the same idea! Attempting to mine is simply not practical for most people due to the processing power and electricity costs almost certainly bound to be far beyond what coins are generated. Cloud mining is popular for this reason as it allows ‘remote’ users to take part in a far larger collaborative effort. DreamHash scam provides absolutely no evidence that they actually have such a complicated network of their own – in fact, we doubt it even exists.
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Conclusion – Do Not Enter Into The DreamHash Scam Crypto Trading System!
The DreamHash BTC review website is a scam designed to appeal to people willing to take a plunge on the cryptocurrency markets but too lazy to do their research first. Sure there are some legitimate sites out there allowing for the easy purchase and sale of Bitcoin, but claiming to return 9%/day is way beyond the realms of reality. Throw in the very restrictive small print concerning withdrawals, worryingly suggestive proof of DreamHash scam crypto being a Ponzi scheme, and of course the crucial factor of lying about regulatory status – and we call scam!
The reality is that this is a cunningly designed means to use the added anonymity of Bitcoin to add an extra layer of protection to what amounts to a simple fraud. So far it appears that not too many people have been ripped off, but be assured that we’ll be keeping a very close eye on the DreamHash Bitcoin review system. If they manage to effectively market via social media this could potentially become a very serious scam. So, if it does pop up on your feeds, do the decent thing and warn others to also stay well clear.