Profitpay claims to be an automated investment platform. People who run it allegedly trade cryptocurrencies.
They offer one investment plan that is supposed to give you 45% daily on your investment, which means 1350% per month. Is this absurd number possible?
It obviously is a Ponzi scheme, which means that new deposits are used for withdrawals. Such a scheme works only when there is more money being deposited than withdrawn, which of course cannot last long because of the absurd 45% ROI.
Therefore, Profitpay is destined to quickly collapse and lose money to investors.
It of course doesn’t have a licence to provide investment services either, which means that it is not regulated and that it is an illegal service.
Profit Pay is a scam, an illegal financial game that will lose money to people who invest with it. Stay away!
If you want to try real crypto trading, start on a free demo with a regulated broker so that you don’t risk anything.
On the demo you can practice and build a profitable strategy before eventually investing real money.