Is IQmining legit?

IQ Mining is a service for investing in cloud mining used to mine cryptocurrencies and was established in 2016. The technology autonomously alternates between most cryptocurrencies translated to Bitcoins on the exchange, allowing users to provide the most favorable rates. Let us check how IQ Mining works and whether it is a legit service.

How does it work?

It’s easy getting started. Users must complete a short registration process, include their full name, mobile number, and email address, and then submit the form. After completing this process, users have access to their accounts. The accounts contain details on the available capacity, the available funds, and the possibility of making additional purchases. Users can pay for the contract’s purchase with a Visa card or Mastercard and specific cryptocurrencies – BTC, ETH, and LTC. 0.001 BTC is the minimal input amount.

It even has a calculator on the site. The expected yield can be easily calculated on the website. Data on each algorithm is available separately, with the possibility to specify the desired investment.

Is IQ Mining legit?

The consumer rating for IQ Mining is 2 stars out of 5 on review sites across the net, which shows that most consumers are often unhappy with their purchases. Users have claimed that they did not like the services. The most common complaints are the high maintenance fees, high annual subscription fees, the arduous process of withdrawal of revenue earned, and more. Users are also blacklisted on the site, and many do not receive any response from the customer service team. Many users have called it a scam. There are about 33% positive reviews for the site. So, it is not legit service-wise (based on consumer reviews), but it is established and functional.

Img Src: Cloud Mining. Bitcoin, Ethereum, Altcoins. IQ Mining.

FAQs

1. Is IQ Mining good?

Many consumers who have made purchases were unhappy to avail of their services, and they claimed it to be a scam and advised others to steer clear of IQ mining. As we mentioned earlier, their rating is 2 stars, which is not a good sign.

2. Is IQ Mining profitable?

You can mine up to 150 altcoins, but there is no assurance that mining them will be profitable for you. It is very risky and is not as transparent as its rivals.

3. Where is IQ mining located?

It has data facilities in Canada, Russia, Iceland, Georgia, Algeria, and China, with customer service teams in the UK and Russia.

Conclusion

So, to sum it up, it is not that profitable, and many users have said that it has left a sour taste in their mouths. Thus, we can say that it is not legit.

Also Read: Is Chime a prepaid card?

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