Save Box NG Review: Is Savebox.biz Scam or Legit?

The hustle journey of Nigerians to make money online has become increasingly popular. With the rise of technology and the internet, more and more people are looking for ways to earn passive income or build a full-time online business. This has led to the emergence of numerous online investment platforms like GMG Investment promising high returns on investment. Unfortunately, not all of these platforms are legitimate and many people have fallen victim to scams. In light of this, it’s important to conduct a close research before investing in any online platform.

One of the latest investment platforms to hit the Nigerian market is SAVE BOX NG, also known as savebox.biz. This platform promises its users high returns on investment through cryptocurrency trading. While the concept of cryptocurrency trading is not new, SAVE BOX NG claims to offer a unique approach to the practice with the use of AI-driven algorithms.

Save Box NG

SaveBox.biz: Another Ponzi Scheme or a Genuine Investment Opportunity?

Therefore, this review will cover the highlights of SAVE BOX NG and explore its features, investment plans, deposit and withdrawal processes, as well as the red flags that may indicate whether or not it is a scam.

This review aims to provide an unbiased and informative analysis of the platform to help potential investors make informed decisions. We understand the importance of financial security and the impact of fraudulent activities on individuals and society as a whole. As such, we are committed to providing comprehensive and accurate information to help Nigerians navigate the world of online investments with confidence.

Savebox.biz or SAVE BOX NG Payment proof Withdrawal By me

I referred some users to SaveBox.biz and was able to withdraw 9000 naira as a payment proof. It’s important to note that SaveBox is an investment platform, but I was also able to earn upto 10,000 naira through referrals without any investment. This serves as proof that SaveBox is a legitimate platform for now, to those interested in investing and earning a passive income. It’s always important to do your own research and understand the risks involved before investing in any platform.It is also worth mentioning that while referral programs can be a great way to earn additional income, they should not be relied upon as the sole source of earnings. Referral bonuses are often subject to conditions, such as the referred user making a certain amount of investments, and may not always be available.Overall, the payment proof report on Savebox.biz is a positive development for the platform and may provide reassurance to users who are considering investing. However, users should still exercise caution and conduct a well detailed research in any investment opportunity before making a decision.

About SAVE BOX NG or savebox.biz Platform:

Save Box NG or savebox.biz platform claims to be a simple and secured system designed to help users act as middlemen in the digital assets market and make a profit. According to the platform, it is a subsidiary of CLPA, a smart contract-based platform that makes various cryptocurrencies available for exchanges. The platform uses an algorithm called Constant Product Automated Market Maker, which facilitates millions of cryptocurrency exchanges every second, and for every exchange that occurs, taxes are paid to the pool agents.

The system is said to be routed, which provides transactional stability to the users. The investors on the platform are liquidity providers, and the tax added per transaction accumulates every second, making the high return on investment received by them. Save Box also has a pool reserve that provides money to investors to withdraw their profit or capital whenever they wish to do so.

The platform claims to help people profit from the cryptocurrency market’s volatility, and this technology is new, and the liquidity providers are limited, making the profit made by investors high as little transactions create a high price impact. OTC Arbitrage trading is becoming popular, making cryptocurrency liquidity pool more lucrative.

However, the platform warns that the risk involved in being a liquidity provider is impermanent loss, which occurs due to volatility in trading pairs. This is the only possible loss, but it is possible, albeit rare. The platform provides liquidity for many exchanges in the blockchain space, and Save Box is focused on providing automated OTC and providing a pool for exchanges, which is also part of an arbitrage process.

Save Box NG

What is SAVE BOX NG or savebox.biz?

Save Box NG or savebox.biz is a trading platform that claims to provide a simple and secure system for users to act as middlemen in the digital assets market and make a profit. According to their website, Save Box is a fully automated middleman trading app that has been in operation for the past 7 years. The platform utilizes an algorithm called CONSTANT PRODUCT AUTOMATED MARKET MAKER to make various cryptocurrencies available for exchangers.

One of the key features of Save Box is that it allows users to become liquidity providers who earn high returns on investment by accumulating tax added per transaction every second, 24/7. The platform also has a pool reserve that makes money available to investors to withdraw their profits or capital anytime they wish to do so.

Save Box claims to help people profit from the cryptocurrency market’s volatility, and this technology is said to be new and the liquidity providers are limited, making the profits made by investors high as even little transactions create high price impact.

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In addition, the platform provides an OTC arbitrage trading service, which is becoming increasingly popular, and this makes cryptocurrency liquidity pools more lucrative. However, Save Box notes that there is a risk of impermanent loss involved in being a liquidity provider, which occurs due to volatility in trading pairs. But they claim that this type of loss is rare.

The website also mentions CLPA, which stands for crypto liquidity pool agent, and states that they provide liquidity for many exchangers in the blockchain space. The relationship between Save Box and CLPA is that Save Box is focused on providing automated OTC and also provides pools for exchangers, which is part of an arbitrage process.

Save Box NG

How to make money on SAVE BOX NG or savebox.biz:

According to the website users can make money on SAVE BOX NG or savebox.biz by becoming liquidity providers and earning profits from the tax added per transaction, as well as from the pool reserve which makes money available for investors to withdraw their profit or capital at any time. Additionally, the platform helps users profit from the volatility of the cryptocurrency market. However, it is important to note that there is a risk of impermanent loss due to the volatility of trading pairs. It is recommended to do further research and consult a financial advisor before investing in any platform.

How does SAVE BOX NG works?

To elaborate on how Save Box NG works, the platform operates as a crypto liquidity pool that provides liquidity to various exchangers in the blockchain space. The platform uses an algorithm called the Constant Product Automated Market Maker to facilitate transactions and provide stability for users.

As a user of Save Box, you can become a liquidity provider by investing your funds in the pool reserve. The tax added per transaction accumulates every second, which creates high returns on investment for liquidity providers. The profit made by investors is high due to the limited number of liquidity providers, which makes little transactions create high price impact.

Save Box also offers an automated over-the-counter (OTC) trading platform that allows users to trade various cryptocurrencies with ease. The platform uses bots with human learning to trade, and it has been in operation for the past 7 years.

Users can make money on Save Box by investing their funds in the liquidity pool and earning returns on their investment. They can also trade cryptocurrencies on the platform and take profits daily. However, it is important to note that there is a risk of impermanent loss due to the volatility in trading pairs. This type of loss is possible but rare.

Savebox.biz or SAVE BOX NG referral program

One of the features of the SAVE BOX NG platform is its referral program. According to the information provided on their website, they offer a 3-level affiliate program, which means you can earn commissions on referrals made by people you refer, as well as referrals made by the people they refer. The commission rates are set at 10%, 3%, and 2% for each level, respectively.

When someone you refer signs up and starts trading on the platform, you will receive a commission of 10% on their trading interests. Similarly, when someone who was referred by the person you referred starts trading, you will receive a commission of 3% on their trading interests. For the third level, which includes people referred by your second-level referrals, you will receive a commission of 2% on their trading interests.

It’s worth noting that the referral interests are credited to your Interest Wallet alongside your trading interests. This means that you can withdraw your referral earnings at any time you choose, just like your trading earnings. The referral program is an opportunity to earn extra income on the platform, especially if you have a large network of friends, family, and acquaintances who are interested in cryptocurrency trading.

In order to participate in the referral program, you need to have an active account on the SAVE BOX NG platform. From there, you can access your referral link, which you can share with your network via social media, email, or any other communication channels you prefer. Whenever someone clicks on your referral link and signs up for an account, they will automatically become your referral, and you will start earning commissions on their trading interests.

The SAVE BOX NG referral program is a good way to earn some extra income while using the platform. However, it’s important to note that referrals alone cannot guarantee profits on the platform. As with any investment, it’s important to conduct your own research and assess the risks before making any decisions.

Save Box NG

SAVE BOX NG or savebox.biz investment Plans

Save Box NG or savebox.biz offers four different investment plans that allow users to invest in naira and earn daily returns on their investments. The investment plans are named Level 1, Level 2, Level 3, and Level 5, and each plan has different minimum and maximum investment amounts and daily returns.

Level 1 is the most accessible investment plan, with a minimum investment amount of 4,000 naira and a maximum investment amount of 50,000 naira. Investors in Level 1 can earn up to 20% daily returns on their investment.

Level 2 has a higher minimum investment amount of 51,000 naira and a maximum investment amount of 250,000 naira. Investors in Level 2 can earn up to 25% daily returns on their investment.

Level 3 has a minimum investment amount of 251,000 naira and a maximum investment amount of 600,000 naira. Investors in Level 3 can earn up to 30% daily returns on their investment.

Finally, Level 5 has the highest minimum investment amount of 1,100,000 naira and a maximum investment amount of 2,000,000 naira. Investors in Level 5 can earn up to 40% daily returns on their investment.

It is essential to note that the daily returns mentioned above are subject to change and may not be guaranteed. The returns depend on the market conditions and the performance of the AI trading bots used by Save Box. Therefore, investors should carefully consider their investment options and only invest what they can afford to lose.

When was SAVE BOX NG or savebox.biz launched:

According to our research, SAVE BOX NG or savebox.biz was officially launched in Nigeria on May 03 2023. This information was obtained from the website itself. In addition, we also gathered domain information for the website. The domain was registered on January 19, 2023, with NameCheap, Inc. as the registrar, and it is set to expire on January 19, 2024. The domain was last updated on January 24, 2023, and is currently in a status of “ok”. The website uses two name servers, earl.ns.cloudflare.com and walk.ns.cloudflare.com.

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Save Box NG

How much can I make with SAVE BOX NG or savebox.biz?

The potential earnings for investors on SAVE BOX NG or savebox.biz depends on the investment plan chosen. The platform offers four different investment levels with varying minimum and maximum amounts, as well as daily percentage returns.

At the highest investment level, Level5, investors can deposit a minimum of 1,100,000 naira and a maximum of 2,000,000 naira, with the potential to earn up to 40% daily. At the next level, Level3, the minimum investment amount is 251,000 naira with a maximum of 600,000 naira, and potential daily returns of up to 30%.

Level2 requires a minimum investment of 51,000 naira and a maximum of 250,000 naira, with potential daily returns of up to 25%. Finally, at Level1, investors can deposit a minimum of 4,000 naira and a maximum of 50,000 naira, with potential daily returns of up to 20%.

It is important to note that these returns are not guaranteed and are subject to market fluctuations and volatility. As with any investment, there is always a risk of loss, and investors should only invest funds that they can afford to lose.

Additionally, it is important to closely research and understand the platform and its investment plans before making any investment decisions. While the potential for high returns may be attractive, investors should also consider the risks and potential downsides before investing. It is always advisable to seek professional financial advice before making any investment decisions.

Who is the CEO or founder of SAVE BOX NG or savebox.biz?

It appears that the CEO or founder of SAVE BOX NG or savebox.biz is unknown, as there is no information available on their website or in public domain about the person behind the platform. However, the platform has a presence on Telegram, where it has a group and an admin known as “Mr Karl.” It’s worth noting that “Mr Karl” appears to use a hidden identity, as his real name and picture are not known.

 It is possible that “Mr Karl” is the owner of the platform. As with any investment, it’s important to do your own research and proceed with caution when investing your money.

SaveBox.biz

Is SAVE BOX NG or savebox.biz Legit?

As per our research, we have found that SAVE BOX NG or savebox.biz does not have any clearly defined terms and conditions for its users. This can be a cause for concern for potential investors, as it is essential to have a proper understanding of the rules and regulations that govern the platform’s operations.

Having well-defined terms and conditions not only ensures that the platform operates in a transparent and trustworthy manner but also protects the interests of the investors. In the absence of such policies, there is a higher risk of fraud and other unethical practices, which could lead to significant financial losses for investors.

Therefore, it is recommended that potential investors exercise caution and carefully research the platform before investing any funds. This could include checking for any red flags or warning signs, such as the absence of clear policies or a lack of payment proofs.

In addition, investors may also want to consider seeking professional advice from financial experts, who can provide insights and guidance on the best investment strategies and potential risks associated with the platform.

In summary, the absence of terms and conditions on SAVE BOX NG or savebox.biz is a concerning issue, and investors should be cautious before investing their funds on this platform. It is important to undertake proper due diligence and seek professional advice to minimize the risks involved in investing in any online trading platform.

Is SAVE BOX NG or savebox.biz scam?

Concerning SAVE BOX NG or savebox.biz, there are certain red flags that indicate it may not be a legitimate investment platform.

One of the main concerns is the lack of transparency regarding the identity of the company’s CEO or founder. The fact that the name and location of the CEO is unknown raises questions about the legitimacy of the platform.

Furthermore, there is no physical address or location provided on the site, which makes it difficult to verify the company’s existence or track it down if there are any issues. This lack of transparency and accountability is a major cause for concern and could potentially indicate that the platform is a scam.

Another red flag is the absence of clear terms and conditions on the site. Without clear terms and conditions, investors are left in the dark about the risks associated with investing in the platform, as well as the procedures for withdrawing funds and resolving disputes.

Finally, there have been no solid payment proofs provided by the platform yet, which raises further suspicion about the legitimacy of the platform. Without proof of successful payments to investors, it is difficult to establish trust and confidence in the platform.

 While SAVE BOX NG or savebox.biz may not necessarily be a scam, the lack of transparency, absence of clear terms and conditions, and absence of solid payment proofs raise serious concerns and should be taken into consideration before investing any money into the platform. It’s important to do well detailed research and investigate any investment opportunity before committing any funds.

Minimum withdrawals and deposit as shown on SAVE BOX NG or savebox.biz:

To clarify, the minimum deposit amount on SAVE BOX NG or savebox.biz is 4,000 Nigerian Naira, and the minimum withdrawal amount is 5,000 Nigerian Naira. The minimum trading amount is 5 USD, which is pegged to 1 USDT. It’s important to note that these figures are subject to change, and it’s always advisable to check the current terms and conditions on the platform before making any deposits or withdrawals.

Profits are available for withdrawal 24/7. Withdrawal of capital before the duration of the trade will attract charges which will be notified upon withdrawal of capital.

Savebox Withdrawal Updates

Savebox.biz or SAVE BOX NG has recently released an important notice regarding the withdrawal process. Users who are placing withdrawal requests are advised to add their bank name and account name along with their account number. It has been observed that some users are only providing their account numbers and not the bank name and account name, which is causing delays in the withdrawal approval process. As a result, the platform is cancelling such withdrawal requests. To ensure that your withdrawal requests are approved quickly, it is important to provide all the necessary information, including bank name and account name, while placing the request. It is recommended that users keep themselves updated with the latest withdrawal guidelines and instructions provided by Savebox.biz or SAVE BOX NG to avoid any inconvenience during the process.Remember, Savebox.biz or SAVE BOX NG is an online investment platform, and like any other investment, it comes with risks. Users are advised to invest wisely and only what they can afford to lose.

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How to Deposit or invest on savebox.biz?

here are some general steps for depositing or investing:

  • Sign up for an account on the website.
  • Navigate to the deposit section of your dashboard.
  • Choose your preferred payment method (e.g., bank transfer, USDT).
  • Enter the amount you wish to deposit.
  • Follow the payment instructions provided by the website.
  • Wait for the payment to be confirmed and the funds to be credited to your account.
  • Choose an investment plan that suits your goals and risk tolerance.
  • Enter the amount you wish to invest and confirm the transaction.

It is important to do your own research and due diligence before investing in any platform or website, and to only invest what you can afford to lose.

Registration on SAVE BOX NG or savebox.biz:

To register on SAVE BOX NG or savebox.biz, follow the steps below:

  • Go to the official website of SAVE BOX NG or savebox.biz.
  • Click on the  “Register” button.
  • Fill in the registration form with your email, username and password.
  • Confirm your password and click on the “Register now” button.
  • A verification link will be sent to your email. Click on the link to verify your account.
  • Login to your account and complete your profile by filling in your personal details and payment information.
  • Select an investment plan and make a deposit to start trading on the platform.

Once you have completed these steps, you will be able to start trading on SAVE BOX NG or savebox.biz and earn profits based on your investment.

Login to SAVE BOX NG or savebox.biz:

To log in to SAVE BOX NG or savebox.biz, follow these steps:

  • Go to the official website of SAVE BOX NG or savebox.biz.
  • Enter your email address and password that you used during registration.
  • Click on the “Login” button to access your dashboard.

Save Box NG

How to withdraw on SAVE BOX NG or savebox.biz:

To withdraw your earnings on SAVE BOX NG or savebox.biz, follow these steps:

  • Log in to your account and navigate to the “Withdraw” section.
  • Select the payment method you want to use for withdrawal USDT or Bank transfer.
  • Enter the amount you want to withdraw and click on the “Withdraw” button.
  • Wait for the transaction to be processed. The time it takes to receive your funds may vary depending on the payment method you chose.

It’s important to note that there may be some restrictions or fees associated with withdrawals, so be sure to check the terms and conditions of the platform before initiating a withdrawal. Additionally, the minimum withdrawal amount on Save Box is 5,000 Naira.

Can I earn without deposit on SAVE BOX NG or savebox.biz?

No, to earn on SAVE BOX NG or savebox.biz, you need to make a deposit and invest in one of their investment plans. They do not offer any other means of earning without depositing.

How to Download SAVE BOX NG or savebox.biz app apk:

download the SAVE BOX NG or savebox.biz app from the official website. Here are the steps:

Go to the official website of SAVE BOX NG or savebox.biz.

  • Look for the “Download” button on the homepage or in the menu.
  • Click on the “Download” button to open the download page.
  • On the download page, you will see the available versions of the app for different devices, including Android.
  • Click on the download link for the app version that is compatible with your device.
  • Follow the prompts to complete the download and installation process.
  • Once the app is installed on your device, you can log in to your account and start using it to manage your investments and earnings on SAVE BOX NG or savebox.biz.

Note that you should only download the app from the official website to ensure that you are getting a legitimate and secure version of the app.

Save Box NG

Red flags on SAVE BOX NG or savebox.biz:

There are several red flags to be aware of when it comes to SAVE BOX NG or savebox.biz:

Lack of transparency: The platform’s CEO or founder is unknown, and there is no physical address listed on the website. This lack of transparency raises suspicions about the legitimacy of the platform.

Unrealistic returns: The investment plans offer extremely high returns of up to 40% daily, which is not sustainable in the long term and may be a sign of a Ponzi scheme.

No solid payment proof: There is no concrete evidence of successful withdrawals or payments made by SAVE BOX NG or savebox.biz. This lack of proof raises questions about the platform’s reliability.

No terms and conditions: The absence of clear terms and conditions on the website is concerning, as it may indicate that the platform is not operating legally.

Lack of regulation: The platform is not registered with any regulatory body, which means that there is no oversight or protection for investors.

It is important to be cautious and do your research before investing in any platform, especially one with red flags like SAVE BOX NG or savebox.biz.

Conclusion on SAVE BOX NG or savebox.biz

Based on the information available, it is important to exercise caution when considering investing in SAVE BOX NG or savebox.biz. The lack of transparency regarding ownership and physical address, as well as the absence of clear terms and conditions and solid payment proof, raise concerns about the legitimacy of the platform.

Furthermore, the promise of high daily returns on investment raises red flags and should be approached with doubtfulness. It is advisable to conduct a close research and proper investigation before making any investments.

Investors should also be aware of the risks associated with high-yield investments, particularly in the cryptocurrency and forex markets. It is recommended to seek the advice of a financial professional before making any investment decisions.

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