Another mining website that has surfaced online is called Femit.vip. This platform claims to pay members who invest and mine using their mining tool called MIT.
Femit claims to be a blockchain promotion website, where people can mine tokens and get rewarded. They are trying to recommend their token called MIT to global cryptocurrency investors.
In this review, we will find out the truth behind the Femit platform and its token called MIT, whether they are really paying miners or scamming them out of their money.
Read Also: Nickt.vip Review: Legit or Not? (Find Out Here)
About Femit.vip
Just like the previously reviewed website called Nickt.vip, the Femit platform has a similar project pattern. Miners on the Femit blockchain can click on the mining button after every 24 hours.
According to them, in future, withdrawals on this website will be made directly as tokens to decentralised exchanges for sale. The platform’s price of 1 MIT token is equal to 0.0001 USDT.
The platform is strongly claiming that the MIT token will be available on top exchange apps like Binance, Bybit and more.
How To Register at MIT
For a new user to register, he or she just needs to get the registration link through a sponsor or our social media admins.
Once you have the link with you, proceed to add it to your browser and continue with registration in order to join. While registering, an individual can choose to use an email or a phone number.
If you successfully fill in either the email or phone number details correctly, you can go ahead and click on the register button below the page to complete the registration.
How To Deposit Money On Femit
Unlike other online investment websites, deposits on this platform are called “recharge”. To make a deposit (a recharge), go to the mine page and click on the recharge button.
You must have at least a USDT token (BEP20 or TRC-20), a TRX token, a BNB token, or a BEP20 USDC token. These tokens are legal tenders that are accepted by the platform during deposits.
Despite claiming to be a mining website, members are made to deposit before they can stand the chance of withdrawing any profit made. The only legal tender accepted by the website is cryptocurrency.
How To Make Money On FEMIT
Making money on this platform is not a big deal; with just a single tap every day with an upgraded plan, anyone can make a lot of money.
1. By Investing in the MIT Mining Tool
If you want to mine and earn more over time, you will have to invest, also called upgrading, on this platform.
Upgrading means paying for MIT mining tools. This mining tool is bought at different prices, ranging from $3 to $34,992, with the same 210 valid days.
A user can earn from 10,000 MIT to 87,480,000 MIT daily, depending on the plan they paid for.
Miners can exchange MIT tokens for USDT on the Femit platform at any time and withdraw USDT to the miner’s own wallet address.
2. Through Referrals
Another means to earn money on this platform is through referrals. The exchange ratio of MIT tokens to USDT on the Femit platform is 1 MIT token to 0.0001 USDT.
When you refer and invite 3 first-level subordinate users, you will receive 999 MIT tokens that can be claimed on the platform, converted to USDT and withdrawn.
How To Withdraw On FEMIT
Withdrawals are made into your crypto wallets. Users can withdraw using USDT, BNB, and TRX wallets, and the minimum withdrawal amount is $ 1, while the maximum withdrawal amount is $999999
Every user is made to set a security password before withdrawing any amount. There are zero fees for withdrawals, and also remember to check the withdrawal address to make sure the address you bind is correct.
All Withdrawals made from this platform will be confirmed and reviewed by multiple nodes, and the arrival time is between 1 and 3 minutes.
Is FEMIT Legit?
No, Femit cannot be categorised as a legitimate website because everything on the platform seems too good to be true.
Femit token is a Ponzi scheme in disguise, claiming to be a mining website and looking for gullible people to deceive.
Stay away from this website, we who have been into crypto mining for years know that it takes more than just a website and a click to make a token get listed or come to life on a crypto exchange.
Conclusion
Most of the legit mining platforms like PI network, Bee network, Sidra chain and more didn’t request a dime from their users before they could earn, and it took some of the projects a long time before going into exchanges.
The platform is solemnly claiming to reward users for mining and inviting people with no other genuine source of multiplying investors’ money.
It is advisable that you stay away completely from projects like this. For more information about online payment websites, join our WhatsApp group chat or telegram channel to get informed.
