Is Binaryfaucet Legit or Scam?

Binaryfaucet ( is a new investment platform that has recently launched in Nigeria, offering users the opportunity to earn daily profits from their investments..  Binaryfaucet is financial company engaged in investment activities related to trading on financial markets and cryptocurrency exchanges, conducted by qualified professional traders. The company asserts its goal is to provide investors with a reliable source of high income while minimizing risks and offering a high-quality service. They aim to automate and simplify the relations between investors and trustees, working towards increasing profit margins through profitable investment. They welcome individuals to be part of their community and benefit from their investment services.

Join Our Investment Group

When users join binaryfaucet, they enjoy the below benefits

  • Welcome bonus 500
  • 17% daily return on investment
  • Minimum investment 3k
  • Minimum withdrawal 800
  • Withdrawal available anytime


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How To Invest On

  1. Create an account by going to the sign up page, fill the required details and click in “Sign up” button.
  2. Login to the website to access your dashboard.
  3. Click on “Investment” menu on the left side.
  4. Choose “Investment Plans.”
  5. Pick the plan you want to invest in
  6. Click “Deposit Now.”
  7. Choose “Bank Transfer.”
  8. Enter the amount you want to invest.
  9. You’ll get an account number to send the money to.
  10. Send the money to that account number.
  11. Upload proof of payment on the same page to finish the investment process. Investment Plans

Investment PlanAmount (NGN)Profit (Daily)
Faucet 17,000.001,300.00
Faucet 210,000.002,000.00
Faucet 320,000.004,000.00
Veteran Investor200,000.0040,000.00


How To Withdraw on

To withdraw your earnings on, follow the below steps

  1. Login to dashboard.
  2. Click on the “Withdraw” menu on the left-hand side.
  3. Select the withdrawal method as “To bank account.”
  4. Enter the amount you want to withdraw.
  5. Provide your bank name and account number.
  6. Click on the “Withdraw Now” button.

You will get an automatic notification binaryfaucet the funds and you can always check your transactions or account balance. also your chosen payment system dictates how long it will take for the funds to reach you.


Is Legit?

We believe is a scam. Here are three reasons why appears to be a scam:

Lack of Transparency: does not provide any details about its owners or management team, which raises suspicion about the legitimacy of the platform. Reputable investment companies are transparent about their leadership to establish trust with their users. The absence of this information suggests a lack of credibility.

Unrealistic Promises: promises an incredibly high daily return on investment of 20%. Such extravagant returns are not sustainable or feasible in legitimate investment activities. Promises of unrealistically high profits are often associated with Ponzi schemes and scams designed to lure unsuspecting investors.

Ponzi Scheme Characteristics: The investment plans offered by, with their promise of high daily returns and various tiers of earnings, bear similarities to typical Ponzi schemes. Ponzi schemes rely on new investments to pay returns to earlier investors, rather than generating legitimate profits through investments. Eventually, when new investments stop coming in, the scheme collapses, leaving most investors with losses.

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