Purple Mining Review – Can You Make Money With This?

If you were thinking about investing money in Purple Mining, then you definitely need to read this Purple Mining Review. The first thing you would notice on the website, purplemining.ltd is the claim that they are the best cryptocurrency mining platform They also claim that they offer a 7000% profit in seven days.

Are you kidding me? A 7000% profit in seven days?? Believe me, this is quite untrue. Actually, they are just another Ponzi scheme out there trying to scam people of their money. Let me prove this.

First, it is unclear who runs or owns the platform. Just who runs Purple Mining is nowhere to be found on the website. The company was registered as a Private Limited Company in September 2020, with a UK license certificate. Do not be deceived; anyone can get that certificate without even living in the UK!

The company is not regulated by any Financial Authorities, and as such, is illegal. Second, they offer unbelievable returns on profit. No sustainable and legit platform will offer that much in such a short time. Purple Mining is just prying on people’s gullibility to milk them out of their hard-earned money.

Update August 2022

I’m not surprised to write that the URL for Purple Mining, purplemining.ltd, is no longer working. Usually, what happens is scammers shut down a website when enough people notice that their money is being stolen or the regulatory authorities start coming after them, or both. Instead of trying to rely on shady online crypto platforms that offer a ridiculous ROI that you will never see, you need to learn how to leverage the power of the internet.

When you learn how to make money with affiliate marketing, you create the income YOU want to create, if you’re willing to do the work. To learn more, click on the banner below. Otherwise, reading the rest of this post can give you valuable insight as to how scammers work.

Purple Mining Review – Purple Mining’s Products

Purple Mining does not have a physical product or service. Whenever any MLM fails to offer retail products to the public, that’s a sure warning sign! Distributors market their affiliate membership in order to recruit new members; this is their only source of revenue.

Any platform that promises huge returns and requires you to invest with a strong emphasis made on recruiting others before you get your returns, and does not have any specified source of funds, is most likely a Ponzi scheme.

Purple Mining’s Compensation Plan

When you join the platform, you’ll be required to invest in one of their 3 plans:

• .0005 BTC to 10 BTC and get 200% ROI over 120 hours (5 days
• .04 BTC to 10 BTC and get 400% ROI over 96 hours (4 days)
• .5 BTC to 100 BTC and get 7000% after 7 days.

Just stop and think about this for a minute. Purple Mining claims that you could invest $1000 worth of BTC in the second package and after just 96 hours, or a little over 4 days, they will pay you $5000! I have no idea how on earth they’re pulling that off, but I would be very careful with making any investment with them!

Getting that type of return on investment is simply unheard of. Also, another way of making money on the platform, supposedly, is by becoming an affiliate and start earning referral commissions. These commissions have 2 levels; you can earn 5% on level 1, and 1% on level 2.

Joining Purple Mining

Membership is free. Actually, when you consider how ridiculous their ROI claims are, what difference does it make. However, to invest, you are required to have at least 0.0005 BTC for the lowest package.

Purple Mining Review – Is Purple Mining Legit Or A Scam?

Purple Mining is not a legit platform if you’re looking to mine cryptocurrency or get returns on investments because they do none of that. Of course, a few investors might get lucky and get paid, but it’s from the registration of new members. What they do is simply rob Peter to pay Paul, as there is no other source of income on the platform.

Eventually, you won’t find Peter or Paul, because they’ll both will run off with your money! Furthermore, in an effort to make itself appear legitimate, Purple Mining provides a UK incorporation certificate for “Purple Mining LTD” on its website. What many people are unaware of is UK incorporation is unregulated and dirt cheap.

It’s a chosen jurisdiction for online scammers who are looking to incorporate scam companies. Therefore, when you see that a cryptocurrency MLM company has been incorporated in the UK, it means absolutely nothing. Purple Mining is similar to other scam cryptocurrency MLMs I’ve reviewed on this blog such as:

• EXnGlory 
• Allbit Trade
• Antares Trade Review

At the time of my writing this post, Mexico (7%) Russia (10%), and Venezuela (20%) are the top three sources of traffic to Purple Mining’s website. All three of these countries are a scammer’s paradise because the above-mentioned countries have weak regulatory enforcement. In light of the fact that you are looking for a way to make money online there is something you are going to have to understand moving forward:

Warning: The RED Flags of Multi-Level Marketing Schemes and Scams Online

It would be best to watch out for these things with cryptocurrency multi-level marketing companies, as they are red flags you should not ignore. Taking note of these eight signs can save you considerable time and money.

1. The Company Does NOT Offer a FREE Trial

This is a big one to look out for. Most information products are worthless, and if you could jump directly into those products and “try them out” before investing in them, you would never invest in low-quality garbage. That is why they hide behind a payment. If their information is so good, should they not prove it by allowing you to access what they offer?

2. Companies That Don’t Clearly Outline Pricing

If you go to a sales page for a product and they don’t disclose the price clearly, you will likely get “duped.”  Any legitimate company will offer clarity on pricing and have a pricing page on their website.  MANY companies in this industry HIDE their pricing; it is unethical, and it will almost certainly scam you. Also, if the company charges hundreds or even thousands of dollars for their products or for joining their business “opportunity,” it should be of concern.

 3. MLM Companies That Use Video Sales Pages / Squeeze Pages

If you visit a “sales page” and the only thing you see on it is exaggerated promises of quick money, this will almost certainly be an expensive, overpriced scam.  This marketing tactic is used to HIDE pricing and hide the product itself.  They typically ask for your email or a small payment, and then you will be put through an extensive and expensive sales funnel.

4. Companies That Don’t Have a High Trustpilot Rating

Purple Mining has a BAD Trustpilot rating of 1.5! Trustpilot is where you should get genuine consumer reviews about products/services you plan on buying. However, a word of caution: sometimes good reviews don’t tell the whole story about whether a company is REALLY legit. It’s good to read the individual comments to see what others say about their experiences with a particular company. Nonetheless, if a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, you may not want to get involved with the company at all. Consider companies, businesses, and platforms with GREAT Trustpilot ratings and minimize the prospect of getting scammed and losing hundreds, if not thousands, of dollars. 

If a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, you may want to seriously reconsider joining. There are going to be better programs and services available without the financial risk.

5. Multi-Level Marketing Companies That Sell “Riches” Without Telling You the Process

If you are being pushed by the idea that you are going to be “rich” or that you’ll be able to “make money in a short period ” without telling you what you will be doing to earn this money (in a specific way), then they are selling the “sizzle”…and chances are there is no “steak” after you make your purchase. Avoid programs these types of programs like the plague.

6. Companies Without an Easy Way to Contact Them

If you don’t have a direct way to contact the company to answer questions about their program, they are hiding behind something. That is the first clue, and I recommend you test it. If the company has an email address, could you email it? If you don’t get a response within 48 hours at most, then that is probably the sort of help you can expect in the future.

7. Companies That Don’t Offer Direct Access/Communication with the Owners

Who owns the product?  Can you get help and communicate with them directly?  If NOT, then this program is more than likely in the business of taking your money.  CEOs in the opportunity world who are unwilling to communicate with their customers directly have a “too good for you” mentality, which should be avoided.

8. Companies That Are Just “Information”

If they are providing you with “ideas” about how you could create a business without offering you all the tools, services, and levels of ongoing support that you need to succeed online, you will have a tough time succeeding. Many companies charge you for their information and then tell you that you need to purchase all sorts of stuff actually to use the techniques taught.

When you look at the above eight points discussed, multi-level marketing platforms like the Allbit Trade are not business opportunities you want to get involved with! My rating of this so-called “make money online opportunity” is 0 out of 8!

As you can conclude from the above information, cryptocurrency multi-level marketing companies like Purple Mining are not all they claim to be, and in many cases, these companies are outright frauds! Too often, people put their hope and trust in someone else making money for them instead of learning how to leverage the power of the internet with their online presence. People look for others to rescue them financially when, in reality, YOU have to come to your financial rescue!

However, there is a BETTER OPTION  to create your own online business. There is a platform available that will teach you step by step how to build your own online business, an ethical platform whose primary focus is to help everyday people learn how to make money online, a platform where you can immediately have access to individuals who are highly successful with their online businesses.Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…

Wealthy Affiliate is the SAME platform I’ve used to create the blog you are reading right now! Wealthy Affiliate is the best place to start if you are a beginner and need to learn about online marketing! There is total transparency – nothing is hidden, and no shenanigans exist! Everything you need is outlined step-by-step with easy-to-follow video tutorials.

1. WA Offers a Free Trial
2. WA Offers Clear Pricing
3. WA Offers a comprehensive website
4. WA has a High Trustpilot Rating
5. WA is not a get-rich-quick scheme 
6. WA offers a straightforward way to contact the company  
7. You can contact Kyle & Carson directly 
8. WA offers tools and support

(1) Companies That Don’t Offer a Free Trial.  

This is one of the key reasons I want to introduce you to Wealthy Affiliate. You can get a “test drive” to Wealthy Affiliate, but that doesn’t end, and there is NO credit card requirement. This is their Starter membership, including more than any paid product I have seen in this industry. Here are a few things you get with the COMPLETELY FREE Starter membership.

• One Free Profit-Ready Website (Hosting Included)
• Getting Started Training, 10 Full Video Lessons
• 7 Days of Full Mentorship & Expert Help
• Communication Directly with Kyle & Carson (the founders)
• Keyword and Market Research Tools
• The Affiliate Opportunity Platform
• Ability to Network with Millions of Fellow Entrepreneurs
• 100’s of training resources
• And Much More!

(2) Companies That Dont’ Clearly Outline Pricing.   

Wealthy Affiliate’s pricing page clearly outlines three available memberships: a Starter membership (FREE), a Premium ($49/month), or a Premium Plus+ ($99/month). There are no upsells, and nothing more complex than this. You are not obligated to upgrade, but if you do decide to, you can run a million-dollar online business utilizing the platform and tools that Wealthy Affiliate offers. 

(3) Companies That Use Video Sales Pages / Squeeze Pages.  

Wealthy Affiliate offers a comprehensive website where you can learn more about the exact process of building an online business and all of the platforms, technology, and services involved that are offered to you as a member; this includes a thorough outline of WA’s education, hosting, website, domains, community, and success elements.

(4) Companies That Don’t Have a High TrustPilot Rating.  

WealthyAffiliate.com has a 4.8 STAR rating on TrustPilot. The owners personally get back to every comment, and this leads to the industry. It is tough to achieve a rating like this in any industry, let alone the make-money-online niche.

(5) Companies That Sell “Riches”.   

One thing you will not hear from Wealthy Affiliate in their training or marketing is “get rich quick.”  The reality is that to build a business, you first have to build a solid foundation and understand it. Wealthy Affiliate provides you with the tools, training, and platform you need to create a business of any size online (even million-dollar websites). Still, it would be best if you were realistic about the process. It will take some hard work and dedication. 

(6) Companies Without an Easy Way to Contact Them.  

You can contact Wealthy Affiliate directly from their website without being a member. They have a contact form, and the owners freely share their email addresses if you need to contact them or have any questions. They are kyle@wealthyaffiliate.com and carson@wealthyaffiliate.com. Feel free to reach them directly if you have questions, and of course, as a member, you will have access to them within the community. Which leads me to…

(7) Companies That Don’t Offer Direct Access/Communication with the Owners.   

Wealthy Affiliate is the most transparent company in the space and offers you access to Kyle and Carson, the founders, directly within the community. If you want help from them directly, ask. You can even access them for their help and mentorship within the first seven days of the Starter membership…so without paying a dime, you can access both owners directly!

(8) Companies That Are Just “Information”.  

Many things are required to build a successful online business, and Wealthy Affiliate includes all of them.  To build an online business, you need a website, top-tier hosting, marketing and research tools, ongoing education of the latest marketing strategies, writing tools/platforms, and a way to find the TOP opportunities online.  Not to mention support, mentorship, and expertise.  These are ALL things that Wealthy Affiliate provides you with any membership level, equipping you to create, grow, and manage a business of any level online.

No other company in the industry offers a free “test drive,” as they likely don’t have the confidence that someone would purchase a trial. WA gives you access to its platforms, websites, hosting, research tools, community, and support within the free membership…so there is ZERO risk, and you can decide if you ever want to purchase a premium membership.

As of this update in September 2024, the Allbit Trade website Adasagroup.net is no longer in service. This further proves that most cryptocurrency multi-level marketing websites are money-making scams targeting inexperienced and gullible people. These scammers create a fraudulent cryptocurrency Ponzi scheme, fleece unsuspecting people out of their hard-earned money, and then, right before the regulatory authorities catch on to what is going on, they shut down and run off with the money they’ve stolen. Reading the rest of this review will help you understand what warning signs to look out for so you won’t fall victim to other online scams in the future, and you can help others not to get involved with scam cryptocurrency investment schemes.

You Are Going To Have To Participate In Your Own Financial Rescue

The reason why so-called programs like Purple Mining appeal to people is because you just pay other people to invest money for you while you sit back and do nothing. People want to make money without having to work for it. Too many people have the wrong idea that the internet is some mysterious ATM you can manipulate whenever you need money. Scammers are aware of this and that’s why SCAMS proliferate the internet.

What many people fail to realize is scammers are aware of human psychology…They know that they can shut down one scam website, start another one and continue to steal money from people because people are LAZY by nature. All the have to do is appeal to your emotions to have you racing for your credit card! That’s not how making money online works.

I’m here to tell you that if you want to create a life-changing income for yourself and your family, you’re going to have to participate in your own financial rescue. You’re going to have to partner with a LEGIT online platform and learn how to make money online for yourself the correct way. In other words, you’re going to have to do the work necessary to build a six or seven-figure online business.

The platform that I use and recommend has made it as easy as possible to learn how to make money online. Click on the link below and you’ll be introduced to the very same platform that has helped tens of thousands of persons build a substantial income.