TimeHash is supposed to be an online trading platform that allows even investors with no experience to make profits.
These profits range between 12% and 30%. In one month you can allegedly make 900%. Is it even possible?
Let’s put it straight, TimeHash is a scam, plain and simple. And you should know that just by looking at the numbers. You should know that 900% percent per month is impossible with any legit business. You should know that nobody can guarantee hourly fixed profits.
These numbers are common among scams only.
The important thing is that TimeHash is an investment service, and as such it needs to have a licence from the Financial Conduct Authority (FCA).
But TimeHash is not registered with the FCA, so it is an illegal investment service.
How it works
TimeHash is a Ponzi scheme, which means that there is no real business activity going on. It will just collect money from people and initially pay some profits to attract more people. New deposits will be used for that purpose.
When owners of TimeHash decide that they accumulated enough money, they will shut down the system and run away. And you will have no means to get your money back, because deposits are made in cryptocurrenices, which means anonymous and irreversible transactions.
TimeHash is a simple Ponzi scheme, a scam that is going to collapse. Stay away from it.
If you want to make money with cryptocurrencies, you can try trading, start on a free demo account with a regulated broker.
Nobody will make you money for free, you have to develop your own strategy.