batum.biz Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website batum.biz claims to be a cryptocurrency cloud mining platform, offering daily profits of up to 2.1%. However, several red flags and inconsistencies suggest that it might be a scam: 1. Unrealistic Profit Claims: Promising a daily profit of 2.1% is highly unrealistic and unsustainable in any legitimate investment or mining operation. Such high and consistent returns are typical of Ponzi schemes. 2. Lack of Transparency: The website provides very little information about the company, its team, or its physical location. Legitimate businesses are usually transparent about these details. 3. Anonymous Domain Registration: The domain registration details are hidden, which is often a tactic used by fraudulent websites to conceal the identity of the owners. 4. New Domain: The domain was registered very recently, which is common among scam websites. Legitimate businesses usually have a longer track record. 5. Vague Technical Details: The technical details provided about the mining operation are vague and lack specific information about the hardware, facilities, or mining process. 6. Referral Program: The website offers a referral program with high rewards for bringing in new investors. This is a common feature of Ponzi schemes, where existing investors are paid with the money from new investors. 7. Unrealistic Mining Contracts: The pricing and terms for mining contracts, such as the low cost for high hash rates and unlimited contract duration, are not in line with the reality of cryptocurrency mining. 8. Inconsistent Information: The website mentions that it was developed in the year 2024, which is not possible given the current date. This inconsistency raises doubts about the credibility of the platform. 9. Lack of Legal Compliance: There is no mention of compliance with financial regulations or registration with relevant authorities, which is essential for any legitimate investment platform. 10. No Proof of Mining Operations: There is no verifiable evidence or documentation of the actual mining operations, such as photos or videos of the mining facilities. Based on these red flags, it is highly advisable to exercise extreme caution and thoroughly research the platform before considering any investment. It is recommended to consult with financial advisors and only invest in well-established and regulated platforms with a proven track record."

• Unrealistic Profit Claims, Lack of Transparency, Anonymous Domain Registration, New Domain, Vague Technical Details, Referral Program, Unrealistic Mining Contracts, Inconsistent Information, Lack of Legal Compliance, No Proof of Mining Operations