InspirationCons Limitied is a company with an online investment platform. You are supposed to deposit bitcoins and get a daily interest rate of 3.84%. Which means 115,2% per month. And that’s it.
So, can you really double your money each and every month doing nothing?
Inspiration Coins scam
Inspiration Coins will collect deposits from the public and might pay some interests to attract a lot of people. If they pay, they will use new deposits for that.
But there certainly will be a day when the owners will close it down, or the system will collapse on its own because of the lack of new deposits. This is how Ponzi schemes work and end.
Nowadays Ponzi schemes often use UK tax registrations to look legit, but you have to realize that a tax registration shown by Inspiration Coins means nothing. It says nothing about the legitimacy of the business.
Because Inspiration coins is offering investment services, it would be legit only with a licence from the Financial Conduct Authority. But it of course is not registered with the FCA, so it is an illegal operation.
Inspiration Coins is a scam that will soon collapse, because there will not be enough new deposits to pay out the profits. Stay away from it!
If you are interested in real cryptocurrency trading, try a free demo account with a regulated broker.
Be sure to understand all the risks before you start trading with real money.