There have been numerous cryptocurrency Ponzi Schemes collecting money from users over the years. Some users are concerned that StakedWallet may fall into this category as well.
Any cryptocurrency project taking custody of one’s funds needs to be scrutinized.
StakedWallet Looks Rather Shady
This industry is designed to ensure users are in full control of their funds at all times.
Why so many people are willing to give up control over their money so easily, will always remain a mystery.
The allure of online wallet solutions cannot be underestimated by any means.
When it comes to StakedWallet, it is evident that the business model raises a lot of questions.
Promising users a 1.5% interest per day is impossible for any legitimate business in this industry.
Why this may not confirm that StakedWallet is a Ponzi Scheme, it certainly makes many users averse to the platform.
Most scams in the crypto space lure in users through high returns, even though they cannot be sustained for long.
One Medium user even found some eerie similarities between StakedWallet and another Ponzi Scheme called Westland Storage.
That in itself goes to show that there are plenty of potentially harmful projects in the world of Bitcoin and altcoins.
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