Vires Finance - earning on cryptocurrency or another scam? Reviews.

Cryptocurrency transactions are becoming more and more popular. With the right knowledge and a reliable broker, you can get a good income from such trades. However, today there are more fraudulent companies on the market than professional intermediaries. One of such companies is Vires Finance.

To understand what this project is, it is worth considering it in more detail.

About company

Vires.finance offers us operations with cryptocurrencies based on the Waves blockchain platform, which is used to issue cryptographic tokens and conduct crowdfunding campaigns. This gives users unique opportunities to use a range of services such as payment wallets, merchants, exchanges, etc.

Liquid market conditions are provided for investors to receive passive income, and borrowers have the opportunity to receive funds with increased collateral.

In theory, the scheme is quite simple and familiar - investors invest, and borrowers receive, and then return the funds with the payment of interest for use. All transactions are converted into cryptocurrency. Since the site itself is formed on the basis of open source code, in principle, everything looks quite decent.

The real facts about Vires.finance

The first thing that may raise doubts about the reliability of this broker is contact information. The site lists several Telegram channels, a page on the Medium blogging platform, and a Twitter account. No more data provided. It is strange that such a large financial platform, as it claims to be, did not indicate any phone numbers or addresses.

In addition, the Vires.finance team also raises questions. It is alleged that the client will be provided with professional support from the best specialists, however, not a single one of them was put up on the site. What kind of people they are and what they specialize in is unknown.

One of the most important points confirming the doubtfulness of this company is the complete absence of any permits. Any firm engaged in financial services is required to publish a license and other documents regulating activities. Vires.finance did not provide such information, from which we can conclude that most likely this platform operates illegally.

As for the activity itself, there are incomprehensible moments here. The investor can make investments only from his payment wallet. Accordingly, he should receive profit on it. However, the process of receiving dividends is not indicated, only the way of depositing funds is reflected. That is, the investor cannot receive any guarantees, which at times increases his risks.

Borrowers are promised to receive loan funds after entering the minimum personal information and paying a transaction fee. It does not even require verification and the provision of passport data. How then is the lender going to make the loan? There is hardly a company that will lend money based on its word of honor. Naturally, the borrower will not receive any funds. The operation will be blocked after payment of the commission fee.

Vires.finance reviews

It was not possible to find real reviews about Vires.finance either on the Russian Internet or in the English-speaking segment. It is possible that this is due to the short period of existence of the company. However, there is a possibility that all the broker’s statements about numerous clients are just a fiction, and the project itself is a new scam platform for deceiving financially illiterate people.

Investing and lending in cryptocurrency is one of the new segments of the exchange market. Such operations require impressive knowledge and experience. Even if there is even the slightest doubt in the broker, then cooperation with him should be abandoned.

Vires.finance was unable to confirm its trustworthiness, which means that contacting it is risky and even dangerous.