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Author Topic: Magnr.com another scam or not?  (Read 3860 times)
Zombier0 (OP)
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October 06, 2015, 07:05:41 PM
 #1

Jus saw it, looks like another ponzi.

What ya think?

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October 06, 2015, 07:16:34 PM
 #2

i cant say for sure if it is a scam or not but having in mind that nearly all bitcoin investment sites turn to scam sooner or later it might be though its just my opinion

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October 06, 2015, 07:46:04 PM
 #3

Gives some info that makes him look reliable (names of the team members with pics, a physical address) and the interest they are offering is not off the board (I mean is reasonable). Maybe it is a scam, but it does not scream SCAM! as much as other sites  Cheesy

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October 06, 2015, 08:55:44 PM
 #4

Gives some info that makes him look reliable (names of the team members with pics, a physical address) and the interest they are offering is not off the board (I mean is reasonable). Maybe it is a scam, but it does not scream SCAM! as much as other sites  Cheesy

Yes you are right, but I would still be extremely careful. But to give some benefit of the doubt, people can't be creating such investment scams forever. The day will come that we will have a first legit Bitcoin investment place. Maybe that day has come, maybe magnr.com is such a place.

I would wait for some confirmations of other users though. The site is also very nicely done.
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October 06, 2015, 08:58:14 PM
 #5

One thing makes me wonder though.

They claim to give 2.16% interest till 2016, while maintaing a 100% reserve.

How on earth are they going to make the money to pay the interest? It is a bit hard to grow their bitcoins without investing it and then they would lose their reserve.
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October 06, 2015, 10:19:01 PM
 #6

Jus saw it, looks like another ponzi.

What ya think?
BTC.sx rebranded itself as Magnr...

http://www.coindesk.com/btc-sx-rebrands-magnr-bitcoin-saving-accounts/

A little search about btc.sx is brining up scam accusations...

https://www.reddit.com/r/Bitcoin/comments/2175ct/feedback_dont_use_btcsx_scamtrap/

But, I have not researched further.
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October 06, 2015, 10:31:03 PM
 #7

There is nothing to back the investment so I believe it is a scam. If you are interested in investing, you shouldn't put in the amount you can't afford to lose.
Zombier0 (OP)
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October 06, 2015, 11:55:16 PM
 #8

Jus saw it, looks like another ponzi.

What ya think?
BTC.sx rebranded itself as Magnr...

http://www.coindesk.com/btc-sx-rebrands-magnr-bitcoin-saving-accounts/

A little search about btc.sx is brining up scam accusations...

https://www.reddit.com/r/Bitcoin/comments/2175ct/feedback_dont_use_btcsx_scamtrap/

But, I have not researched further.

Ok im not getting into this stuff at all thn Smiley

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October 07, 2015, 01:18:41 AM
 #9

I don't think it is a ponzi but the interest rate isn't worth it imo.

You can check out the ANN thread here: https://bitcointalk.org/index.php?topic=1092181.40
This member is also working with magnr: https://bitcointalk.org/index.php?action=profile;u=49269
Zombier0 (OP)
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October 07, 2015, 03:11:53 AM
 #10

Its gonnna end ponzi

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October 07, 2015, 08:28:10 AM
 #11

Jus saw it, looks like another ponzi.

What ya think?

Looks like they have secure site which can protect your account,
Quote from: magnr
We believe financial products should be transparent. Magnr uses the blockchain's public ledger to calculate interest payments. This allows you as a saver to independently and publicly verify deposited funds.

Although the WD request is audit manually.
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December 30, 2015, 11:17:07 PM
 #12

So is Magnr really another scam/ponzi or is it safe to use? I'm not sure but based on what I have seen (pics of staff, their names, and registered company number in UK) perhaps they are legit. However, I am afraid to make a deposit and then this would turn out a scam and I would lose all my BTC. There is one thing that they do not provide though and that is giving you a private key for you to recover your funds in case something bad happens.... Roll Eyes

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December 31, 2015, 12:22:29 AM
 #13

So is Magnr really another scam/ponzi or is it safe to use? I'm not sure but based on what I have seen (pics of staff, their names, and registered company number in UK) perhaps they are legit. However, I am afraid to make a deposit and then this would turn out a scam and I would lose all my BTC. There is one thing that they do not provide though and that is giving you a private key for you to recover your funds in case something bad happens.... Roll Eyes

INVEST what you can afford and calculate the reward if its worth the risk. There is no point in asking their legitimacy because they can always ran away whenever they want and come up with excuses and stuff.
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December 31, 2015, 12:30:31 AM
 #14

So is Magnr really another scam/ponzi or is it safe to use? I'm not sure but based on what I have seen (pics of staff, their names, and registered company number in UK) perhaps they are legit. However, I am afraid to make a deposit and then this would turn out a scam and I would lose all my BTC. There is one thing that they do not provide though and that is giving you a private key for you to recover your funds in case something bad happens.... Roll Eyes

INVEST what you can afford and calculate the reward if its worth the risk. There is no point in asking their legitimacy because they can always ran away whenever they want and come up with excuses and stuff.

Just to be safe (and also by calculating the reward) I will just stick to save my Bitcoins on a paper wallet and I will even earn interest when the price goes up. It is just that I am afraid to put my BTC into Magnr due to the fact that you do not have access to a private key which leaves you without control of your Bitcoins.  Smiley

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██▌░▐█▀
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      JACKPOT      
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December 31, 2015, 01:04:12 AM
 #15

Well I think this says enough:

A new legit company hiding their information.


Admin Name: Identity Protection Service
Admin Organization: Identity Protect Limited
Admin Street: PO Box 795
Admin City: Godalming
Admin State/Province: Surrey
Admin Postal Code: GU7 9GA
Admin Country: GB
Admin Phone: +44.1483307527
Admin Phone Ext:
Admin Fax: +44.1483304031
Admin Fax Ext:
Admin Email: magnr.com@identity-protect.org

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December 31, 2015, 01:07:51 AM
 #16

Well I think this says enough:

A new legit company hiding their information.


Admin Name: Identity Protection Service
Admin Organization: Identity Protect Limited
Admin Street: PO Box 795
Admin City: Godalming
Admin State/Province: Surrey
Admin Postal Code: GU7 9GA
Admin Country: GB
Admin Phone: +44.1483307527
Admin Phone Ext:
Admin Fax: +44.1483304031
Admin Fax Ext:
Admin Email: magnr.com@identity-protect.org

Yep... I seriously doubt that this site is legit based on the above information.

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December 31, 2015, 07:08:35 AM
 #17

No transparency, NO MONEY. So simple. BTW, even if they re legit, 2% interest s really low to risk your BTC.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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December 31, 2015, 07:39:58 AM
 #18

In mine eyes they are like just another ponzi. No extended info, no transparency, site look like a 2 hour WP theme. Just saying - give us your money and you will earn!
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December 31, 2015, 06:11:55 PM
 #19

Jus saw it, looks like another ponzi.

What ya think?

It sounds fishy to me, but I can 't be pointing fingers without any such proof. You better wait for feedback from users and do some more research about these guys
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December 31, 2015, 06:26:21 PM
 #20

I already smell the Ponzi arount this one, another site that will end for disappearing with users money....let's see...
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