ID MINING Review

About ID MINING

ID Mining (operating via idmining.online) holds no licence from any recognised financial authority such as the UK Financial Conduct Authority (FCA), ASIC, CySEC, or CFTC; Companies House incorporation under the name CLOUD TECHNOLOGY LIMITED, company number 09674619, does not equate to regulatory authorisation (). The platform presents itself as a cloud mining investment service offering high returns and various plans, but there is no regulatory oversight or protection for client funds ().

Multiple independent sources classify ID Mining/idmining.online as a likely scam: BrokersView labels it an “unregulated broker” and warns against entrusting funds; Scamwatcher documents complaints that mention blocked withdrawals, fake domains (e.g., idmining.vip, idmining.org), and deceptive tactics; domain records indicate a recent registration (2024‑08‑05) inconsistent with claims of years of operation (). Reports include aggressive upselling, commission demands before withdrawals, and account abandonment after deposits ().

Who it’s for

• Individuals seeking cloud mining schemes lacking transparency; the platform offers short‑term high‑ROI plans, but lacks regulatory and institutional credibility ().

Pros and cons

Pros

• Claims a variety of cloud mining investment options and referral incentives ().

Cons

• No regulation or licence from any financial authority; high risk with no investor protection ().
• Consistent user and watchdog reports of blocked withdrawals, hidden charges, and demand for new deposits to access funds ().
• Recent domain registration contradicts claims of long‑term operation; lack of contact or verifiable company information ().
• Multiple suspicious domains and reported censorship of negative customer feedback ().