Binomo.com.ng is a relatively new investment platform that entered the Nigerian market on September 14, 2023. The platform positions itself as a cryptocurrency trading platform that accepts investments from individuals and then employs these funds in trading activities. The profits generated from these trades are purportedly shared with the investors. In essence, it offers an opportunity for individuals to invest and potentially double their initial investment within a span of 20 days.
The concept of doubling your investment in just 20 days certainly sounds attractive, but it’s crucial to approach such claims with a degree of skepticism. The world of online investments is fraught with both genuine opportunities and scams, making due diligence a vital step before committing your hard-earned money.
How to Join Binomo.com.ng
Joining Binomo.com.ng is a relatively straightforward process:
- Create an Account: Begin by creating an account using the registration link provided on the platform. This typically involves providing some personal information.
- Recharge Your Account: To start investing, you’ll need to fund your account. Navigate to the homepage and click on the recharge button. Specify the amount you wish to invest, transfer the funds to the company’s provided account number, and upload a payment screenshot for verification.
- Confirmation: After a few minutes, your payment will be confirmed, and your funds will reflect in your dashboard.
- Start Investing: Once your funds are available, you can select an investment plan from the homepage and invest accordingly.
- Collect Your Earnings: As your investment matures, you can collect your earnings daily.
How to Make Money on Binomo.com.ng
The primary method of making money on Binomo.com.ng is through investment in one of their plans. The platform offers various investment plans, each with different entry prices and potential returns. Here’s a quick overview of some of the plans available:
- BINO 1: N1,000.00 investment, N4.16 daily income, N1996.8 total income.
- BINO 2: N3,000.00 investment, N12.50 daily income, N6000 total income.
- BINO 3: N6,000.00 investment, N25.00 daily income, N12000 total income.
- BINO 4: N10,000.00 investment, N41.60 daily income, N19968 total income.
- BINO 5: N15,000.00 investment, N62.50 daily income, N30000 total income.
- BINO 6: N20,000.00 investment, N83.30 daily income, N39984 total income.
- BINO 7: N25,000.00 investment, N104.16 daily income, N49996.8 total income.
- BINO 8: N30,000.00 investment, N125.00 daily income, N60000 total income.
- BINO 9: N50,000.00 investment, N208.30 daily income, N99984 total income.
- BINO 10: N70,000.00 investment, N291.60 daily income, N139968 total income.
- BINO 11: N100,000.00 investment, N416.60 daily income, N199968 total income.
- BINO 12: N150,000.00 investment, N625.00 daily income, N300000 total income.
- BINO 13: N300,000.00 investment, N1,250.00 daily income, N600000 total income.
- BINO 14: N350,000.00 investment, N1,458.30 daily income, N699984 total income.
- BINO 15: N400,000.00 investment, N1,666.60 daily income, N799968 total income.
- BINO 16: N500,000.00 investment, N2,083.30 daily income, N999984 total income.
It’s important to note that while these returns may seem lucrative, they come with inherent risks, and it’s advisable to only invest what you can afford to lose.
Make Money on Binomo.com.ng Through Referrals
Binomo.com.ng also offers the opportunity to increase your income by referring friends and family to the platform. When your referred individuals invest, you may receive rewards or commissions based on their activities. This referral system can be an additional way to boost your earnings on the platform.
Is Binomo.com.ng Legit or Scam?
The legitimacy of Binomo.com.ng is a matter of concern and skepticism. Firstly, it’s important to clarify that Binomo.com.ng is not the same as Binomo, an international cryptocurrency trading platform. Instead, it appears to be impersonating the latter. This impersonation raises red flags regarding the platform’s credibility.
Furthermore, Binomo.com.ng’s promise of doubling investments within 20 days is unusually high and may indicate a potential Ponzi scheme. Ponzi schemes often promise high returns to attract investors, but they sustain these returns by using new investors’ funds to pay off earlier investors. Eventually, these schemes collapse, leaving many investors with losses.
While there may be opportunities to profit if you join early, as with any investment, it carries substantial risks. It’s crucial to exercise caution and consider the potential consequences before investing in a platform with unclear legitimacy.