Investment based websites keep getting launched on a near daily basis with most of them promising “heaven and earth” to users in the name of ROI. Unfortunately, people still keep falling prey to them, some out of greed, some out of necessity given the deplorable economy and some others out of ignorance. arveend.site is one of such investment sites that claim to be paying users up to 27% per day on whatever amount they use in buying their investment plans.
While most of these sites tend to pay the first few users who join, the main issue with them is the fact that, they always end up crashing as time goes on. Therefore, it is important for the ignorant participants to know what they are up against in order to know how to mitigate their risks. So, in this article, we will be having a look at all there is to know about arvind, the earning methods or ways of earning and finally, the reasons why you should probably stay away from the site. Without wasting more time, let’s delve straight into the reason for this publication.
About arvind
“Arvind” being discussed is an investment platform that pays users up to 27% interest on a daily basis for doing what they like to sugarcoat as “investing” on a plan. When you deposit your own money and buy one of their plans starting from 2,000 naira to a million naira. You earn 27% ROI daily till the expiration of the purchased plan or better put, the crash of the platform.
The organization of the platform is super attractive in all honesty and it is for that reason that most people are falling prey or jumping into it without thinking through.
Earning Methods
There are three main ways of earning some money on the platform. The first two are the main ways while the last is the less significant earning method, so we will be talking about them in order of importance;
1. Investing :- they like to call it an investment but personally, I refer to it as risk taking. If you take the risk to buy one of the plans, you stand a chance of earning 27% interest on a daily basis till the crash of the platform or expiration of the purchased plan. Upon sign up, you will see some of the plans available on the site, clicking on join now after you have made deposit will automatically activate the plan for you and the earnings will be added to your balance every 24 hours.
2. Referring :- this is another way of earning money on arvind. If you refer others, you earn 30% from your first level referrals i.e. Your direct referrals and then 3% from your second level referrals. So you don’t just earn money from the users you introduced the system yourself, you also earn money from the activities of your referrals.
Referral program is one fastest way for platforms like this to grow because, people tend to follow what they have heard and seen others benefit from. It is also same idea that drives the growth of platforms like arvind.
3. Daily Sign-in :– they have a reward system in place for people who login to their accounts on a daily basis. As a user, you can earn 100 naira daily by clicking on the daily Sign-in button and claiming the bonus. However, the daily Sign-in reward is only available to users who have invested, so you can’t enjoy the sign-in bonus until you deposit and activate one of the plans.
If you have not invested on one of the plans, you won’t be allowed to claim the bonus until you do so.
Withdrawal Process & Flaws
There are certain flaws in the withdrawal process that not only makes the platform less rewarding but also increases one’s overall risk and they are as follows;
1. High service charge — anytime you are placing withdrawal, 15% will be taken from any amount you request for. This service charge is very high and unreasonable, considering the risk one takes to “invest” on sites like this, the service charge makes everything even less rewarding — making it much longer for users to fully recover their capital talk more of earning some extra gain.
2. Withdrawal delays — withdrawals are not processed instantly to the bank account of the user requesting for payment. It’s not so safe even though they might be paying at the time of writing this article. The manual payment processing is not healthy in any way and it poses a significant risk to people who may want to invest money.
Also Read: Blockmint.site Review: Legit or Another Scam Investment?
You can withdraw by clicking on the withdraw button your dashboard and then add your bank account details. The minimum threshold is 500 naira for which, 15% will be deducted in the name of service charge.
Is arveend.site Legit?
I guess the answer to the question have already been confirmed by discerning minds. As an investment scheme or platform, arveend.site can’t be regarded as a legit platform. It’s a scam that will crash as time goes on. The sad part is that, there is no known owner or administrator behind it, so when things go south, there will be no one to hold accountable. Overall, there are certain key factors or reasons to steer clear of arvind and they are;
1. No Accountability
Arvind has no known owner or personality behind the platform. It’s ran by ghost administrators and for a platform that asks users to deposit money, this is a very risky gamble and could potentially lead to users losing money as people tend to act any way that pleases them when there’s no one to check their excesses.
2. Unrealistic Earning Structure
Another serious factor is the fact that arvind has an unrealistic earning structure that is bound to culminate in a crash if care is not taken. No firm or organization can pay out as high as 27% interest on a daily basis and still continue functioning, let alone a random website. It’s bound to crash and if you are just joining, bear in mind that you are taking a big risk.
3. Hosted using a Cheap Domain Extension
A platform that claims to be paying such high interest rate per day should have at least launched using a good or quality domain name extension. But the “.site” is a bad sign and is a testament to how much of a scam it is. So for your own good, don’t risk your hard earned money on platforms hosted using a cheap domain name as the likelihood of disappearing is much higher.
4. Around for a while
Anyone who’s had profound experience on ponzi schemes like this should know that once a platform lasts for sometime, the chances of crashing will be much higher. Arvind has been around for more than a week, so the risk is much higher than it was a week ago. Therefore, it’s unsafe to join at this time.
Conclusion
Arveend.site is not a site to trust with your hard earned money no matter how little especially if you are being deceived by what you see on social media. It’s actually best to steer clear but if you understand the risks and wouldn’t mind depositing money, then it’s best to stick to low amounts — that way the chances of losing or incurring much financial losses will be minimal.
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