Latest posts by Marcio (see all)
- Why You Should Keep a Trading Journal - November 14, 2019
- Great IQ Option Platform Features - September 10, 2019
- IQ Option Introduces Price Alerts, New Cannabis Assets and Lyft Stock - June 19, 2019
USI Tech Review – What You Didn’t Know About USI
Everyone is interested in making as much money as possible in their lifetime. While a regular job or business isn’t a bad idea; having multiple streams of income from active and passive sources is the best way to get the financial freedom you desire. One of the good opportunities for individuals looking for an extra source of income is asset trading.
From stocks, treasury bills, to cryptocurrencies, trading assets has been one of the ways to generate passive income. All you have to do is find an exchange, register, and start trading. There is also the automated trading option that lets you earn without manually executing trades. This is where USI Tech becomes useful.
USI is an acronym for United Software Intelligence Technology. USI is the first-ever automated Bitcoin trading platform. Founded in May 2017 by Joao Severino and Ralf Gold, the platform can be used to earn passive income at any time of the day (except weekends) all year long. New cryptocurrency investors who are not fully aware of all the aspects of cryptocurrency trading can use this platform to execute trades automatically.
Commissions and Fees
Unlike many other cryptocurrency exchanges, USI Tech offers its customers commissions for every new customer they invite. The commission is as high as 50% of the original investment. Apart from the regular recruitment commission, you’ll also earn residual commission on a 3 X 12 matrix.
There is also an opportunity to earn the brokerage commission, which comes from the USI fees that accumulate when your recruits use the USI software to buy cryptocurrencies. The brokage fee is affordable, and it applies only to deposits and withdrawals because registration is free. There is a one-time mining license fee of 3% on each package purchased and a 2% fee on each payment made.
Trust, Security, and Safety
This is where it gets tricky. There are many negative reviews from clients who claim that the USI platform is a scam. At the same time, many others claim that they have made a lot of money on the platform. The limited information on the website isn’t exactly helpful as transparency is one of the key factors that traders look out for before they register on an exchange. However, this exchange falls short and entices traders with free registration.
It is important to note that USI was banned in the United States and Canada. In December 2017, a cease-and-desist order was filed against the company, forcing them to shut down operations. According to the order, the exchange refused to provide details about its operations to the Texas State Securities Board and was subsequently tagged a securities fraud. At the time, the platform accused its affiliates of being responsible for the ban, a move that wasn’t noble. There have been no reports of hacks over the years, so the security measures are possibly reliable.
The use-tech desktop experience is just like the web experience. It flaunts the same look and feel of a typical automated Bitcoin trading platform. The package prices and possible returns per package are listed on the platform. The BTC package is €50, and according to the exchange, it will give you at least 1% return over 140 days.
There is an option to contact customer service agents when you have difficulty. Since there is an automated trading software available, you don’t need to do much to earn. Simply paying for a package activates your account. You can leave it for months while your dividend grows. The user interface is clear and easy to navigate.
There is currently no mobile app for USI on Android and iOS devices. However, there is a possibility that a mobile app will be developed soon.
Opening an Account
Opening an account on USI is straightforward. All you have to do is visit the official website and follow the intuitive instructions to open an account. The account opening process is free.
Deposits and Withdrawals
Deposits on this platform must be done in Bitcoins. So, you need a Bitcoin wallet. You can buy your Bitcoins from any of the legitimate dealers and use it to pay for the package you want. You will pay the Bitcoin equivalent of €50 for each package, and you also have the option to choose more than one package. You’ll need to hurry up when you’re placing an order because of the volatile nature of Bitcoin. As soon as you place the order, you’ll have only 10 minutes to pay before a possible price change.
The platform itself is solely for investment. Without putting hands-on efforts into executing trades or mining Bitcoins, you can earn dividends on your investment. When you purchase a Bitcoin package, you’re are guaranteed a daily payout of 1% over 140 days. However, the payout could be more depending on several factors.
The more packages you buy, the more you’ll earn daily. The platform claims that it has a target of 40% return on investment daily, although it is currently not near this level. The platform generates money by mining Bitcoin automatically and performing arbitrage trading with your investment. The payout comes daily from Monday to Friday.
Research Tools, Insight and Education
Since Usi-Tech is an automated trading platform, there is no need for research tools, education or insights. There isn’t any content on the platform about how trading works, what algorithms are required or news about the cryptocurrency trading industry. All you need to do is register, make payments and start earning.
Apart from all the options that you have to earn after registration, you can also decide not to purchase any Bitcoin packages but earn 10% on every person you invite to join the platform. This is a special feature because most platforms require that you register and pay before you can benefit from their affiliate programs. You can share the referral links on social media and tell people about how they can earn passive income by investing as little as €50.
In conclusion, it is important to note that the cryptocurrency industry is still relatively new and under-regulated. Apart from this, crypto assets are volatile, making the promises on USI a little too good to be true. The risks attached are high, but many customers claim that they have earned significant profits from the automated trading and mining platform.
Even if the platform doesn’t agree, there are many claims that it is a Ponzi scheme and if there is anything certain about Ponzi schemes, it’s that they all crash eventually. So, if you are just diving into the cryptocurrency industry and you would love to earn without manually trading or mining, you can register on USI. While there is a lack of transparency on the platform, the rewards are impressive when compared to similar platforms. However, make sure that you don’t use everything you have or take out a loan when you want to register.
Is this your final decision?
We suggest you visit one of the most popular crypto trading platforms instead!
- It’s excellent for beginners who have little knowledge of cryptocurrency trading.
- Account creation is free.
- Bitcoin packages are affordable.
- Automatic arbitrage trading is available.
- Offers a minimum of 1% daily returns payout for a lifetime.
- There isn’t enough information on the website about the founders.
- There have been claims that it is no more than a Ponzi scheme.
- There isn’t enough information about the products they offer.
7 Binary Options review: USI: 4 stars