Online service for cryptocurrency mining
Cryxo is a platform that allows you to increase capital through cloud mining. The creators promise that you no longer need to be an expert in technical aspects or have expensive equipment for cryptocurrency mining.
Cryxo operating principles
How does Cryxo work? The platform offers to purchase hashing power. According to information on their website, specialists in data centers manage equipment, software, energy consumption, and solve emerging issues. In general, cryptocurrencies such as BTC, BCH, ETH, LTC, and others are mined. Investors pay for the selected tariff and are promised returns.
Main information about Cryxo
Foundation date. Cryxo started its operations in 2016 with the goal of “making mining accessible to all users.”
Location. The company’s office is located in Bulgaria: 1111 Sofia, Osogovo Str. 38-40, Crystal Business Center.
Contacts. You can contact Cryxo in several ways: by phone at +3 (716) 441 52-78, by email at [email protected], or through a callback request form.
Regulation. The company provides a scan of the license obtained from the Vanuatu Financial Services Commission in 2018. The license expired in September 2019.
Team. On the cryxo.eu website, there are photos of the team members with their names and positions. The head of Cryxo is Stefan Danovski, the founder and CEO.
Partners. Cryxo claims to have established partnerships with companies such as Coinbase, Exmo, BitFury, and Block.io.
Investment opportunities in Cryxo
Cryxo offers three simple steps to start remote mining:
-
Register,
-
Choose a tariff plan and pay for it,
-
Track cryptocurrency mining.
Cryxo’s proposed tariff plans
Cryxo provides 7 different tariff plans for mining 7 types of cryptocurrencies: Monero, Zcash, Bitcoin, Ethereum, Litecoin, Dash, and Bitcoin Cash.
The terms of the plans are adjustable. The lower the hash rate, the lower the initial cost and commission. The higher the hash rate, the more investment is required, but higher profits are promised. Cryxo offers optimal mining power.
For example, when mining Bitcoin Cash with a hash rate of 20,000 Gh/s, a user will need $400 for purchase and daily payment of $0.35 as a commission. Cryxo guarantees a daily income of $8.99 or 0.03622057 BCH (as of May 6, 2020 exchange rate).
Investment conditions
The Cryxo team strives to establish trust in the service. What do its creators claim?
-
Income from the first day of mining,
-
Guaranteed maximum profits without risk,
-
Mining without time restrictions,
-
Additional bonuses,
-
Withdrawal of funds at any time.
Cryxo reports that their equipment operates smoothly. They even provide photos of data centers. However, this is not a confirmation that the technical equipment is related to the project.
Reviews about Cryxo
Have you used Cryxo for mining? Have you made a profit or incurred losses? Share your financial experience with BrokerTribunal readers.
If you are just starting to explore Cryxo, read reviews from current or past investors about the platform below.