If you have been looking for ways to make money online lately, you might have come across Anywheel-io.com. It recently launched in Nigeria and is currently getting a lot of attention because of its big promises regarding daily earnings and investment returns.
In this review, I am going to break down how the platform works, how you can join, and most importantly, whether it is actually a safe place to put your money.
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About Anywheel-io.com
Anywheel describes itself as a bike-sharing platform based in Singapore that focuses on green transportation and urban commuting. They claim to use smart technology like IoT and mobile apps to help people rent bikes easily. They have now launched a Nigerian franchise program to invite local partners to share in their business revenue.
However, this platform offers a partnership. The way you partner with them is by buying different VIP plans or devices. Instead of actually riding bikes, users are expected to invest money into these plans to receive a stable daily profit.
How To Join Anywheel
Getting started on the platform is quite simple and follows a standard registration process. To sign up, you need to visit their registration page and provide the following details: You start by entering your mobile number, creating and then re-entering a password for your account. The platform requires an invite code from someone who is already a member to let you join.
Once you have filled these fields correctly, click the “Register” button, and your account will then be created. The platform gives you a ₦1,500 registration bonus to get you started.
How Users Make Money On Anywheel
There are several ways the platform claims you can grow your balance, ranging from simple daily clicks to much larger financial investments.
1. Earn Through Daily Tasks
The simplest way to earn is through the Daily Check-in. Every day you log into the app and check in, you receive a small bonus of ₦60. It isn’t much, but it’s a way to earn without spending anything initially.
2. Invest To Earn
This is the major way to earn on the platform. You are encouraged to purchase “Anywheel Bikes” under different VIP levels.
These plans range from very cheap to very expensive: VIP 1 Costs ₦3,000 and pays ₦750 daily for 150 days, VIP 3 Costs ₦15,000 and pays ₦3,900 daily, and VIP 10. This is the highest level, costing ₦2,000,000 with a promised daily income of ₦800,000.
The platform promises incredibly high daily returns, often between 25% to 40% of your investment amount.
3. Referral Program
Anywheel also relies heavily on users bringing in new people. They offer a 3-level commission structure: For level 1, you get 30% of the amount your direct invite invests, for level 2, you get 3% from people invited by your friends, and for level 3, you get 2%from the third layer of members.
Additionally, there is an immediate cash reward of 35% for inviting a downline who invests.
Payments & Withdrawal
To start investing in the VIP plans, you have to recharge your account. The minimum deposit amount is ₦3,000. You can pay using different bank transfer methods labelled as “Deposit Bank A” or “Deposit Bank C”. The platform notes that the amount you send must exactly match what you entered on the app for it to be credited.
When it comes to getting your money out, Anywheel has some guiding rules: these include a minimum withdrawal, i.e., you must have at least ₦2,500 to request a payout, there is a 15% withdrawal fee deducted from whatever amount you take out, and withdrawals arrive within 4 to 24 hours after request time.
Most importantly, you must have at least one active device: an investment plan to even be allowed to withdraw your earnings.
Is Anywheel Legit Or Not?
No, Anywheel is not legit based on the research made. The platform does not appear to be a fully legitimate investment platform because the activities on the site are modelled after Ponzi-style schemes.
The returns they promise, up to 40% daily, are completely unsustainable. No genuine company can double your money every few days. This suggests that the money being paid out to old members is simply coming from the deposits of new members.
Another red flag is the focus on the referral program. When a platform offers a 35% immediate bonus just for bringing someone in, it usually means they need the inflow of people to keep the system going. Once people stop joining, these types of platforms usually disappear overnight.
Conclusion
While you can join for free and get a small bonus, you are forced to spend at least ₦3,000 to actually withdraw any money. Because the returns are too good to be true and it relies entirely on new deposits, you should be very careful and understand that the risk of losing your money is extremely high.
Anywheel is a platform that claims to offer a “franchise” opportunity based on bike-sharing, but it functions like a typical high-risk investment app. Join our WhatsApp group chat or Telegram channel to get more information about online investment platforms.
