Is Kabul.work Legit or Scam?

About Kabul.work

KABUL EXHCANGE LTD. was established in London, England on January 1, 2024. It is one of the many digital currency free exchanges in the world. It claims it is a safe, reliable and trustworthy platform. KABUL EXHCANGE will operate in Nigeria from March 4, 2024, and is expected to be listed in Nigeria on September 1, 2024. Their goal is to get rich with everyone.

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Company Name:	Kabul.work
Website url:	https://kabul.work
Invitation url:	https://kabul.work/register?invite=290727
Launched Date:	4th March, 2024
Domain Registration Date:	26th February, 2024
Domain Expiry Date:	26th February, 2025
Owner Name:	The owner of the domain name is hidden in the Whois
Daily Commission	6% – 30%
Referral Commission	10%
No. of Visits	853
Last Visit:	33 days ago

How Kabul.work Investment Works

Trading signals return on investment

1. Signal release time: 19:00-19:10 every day (valid time is 10 minutes)
2. Accuracy: 100% (You need to operate according to our trading signals. If you trade by yourself, operate at will or lend your account to others, we will not be responsible for losses)
3. Transaction profit: 5% (the transaction amount is the total balance of the account, and all orders are placed for the balance. For example: the balance is ₦10,000, the profit calculation method is: 10000*5%= 500, the final account balance is ₦10,500)

Cycle investment process

The cycle is 3 days, and the daily exchange rate is 6%
The cycle is 7 days, and the daily exchange rate is 9%
The cycle is 15 days, and the daily exchange rate is 13%
The cycle is 30 days, and the daily exchange rate is 17%
The cycle is 60 days, and the daily exchange rate is 21%
The cycle is 90 days, and the daily exchange rate is 25%
The cycle is 180 days, and the daily exchange rate is 30%

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For example: you invest (cycle 7 days) amount ₦10,000.
The profit calculation method is: 10000*9%*7 days=₦6,300.
After 7 days, principal 10,000 + profit 6,300 = 16300 (will be returned to your wallet)

After the cycle ends, the principal and earnings will be transferred to your wallet together. The longer the cycle, the greater the profit.

Deposits and withdrawals

Withdrawals are only available to top-up members:

Minimum deposit amount:₦5000
Minimum withdrawal amount:₦3000
Withdrawal time: 10:00-12:00 every day from Monday to Friday. (Arrived within 1-48 hours)
Withdrawals will incur a 20% tax (the tax will be deducted from the account balance)
Withdrawal calculation formula: (total account balance – total recharge)/1.2 = withdrawable funds. For example: the total balance of the account is ₦50000, and the total recharge is ₦20000.
50000-20000=30000
30000/1.2=25000 (/1.2=20% tax)
The maximum amount you can withdraw is: ₦25,000

How To Make Money From Referrals

Invite your subordinates to recharge and get 10% reward.

L1 is a user who registered using your invitation code
L2 is a user who registered using the L1 invitation code
L3 is a user who registered using the L2 invitation code
For example: If you invite your friends to register and recharge #10,000, you can get a 1000 reward.

VIP’s daily salary payment time is:
VIP wages are distributed to your KABUL wallet at 20:00 every evening.

Guidelines To Recharge

Minimum Recharge is 5,000 niara
Each time you recharge, you must initiate a recharge order through the platform and obtain the latest bank account information.
Funds must be transferred to the latest bank account, otherwise we will not take any action.
The bank account you obtain can only be deposited once, and repeated deposits are not allowed.
It is not allowed to save bank account information so that it can be used for the next deposit.

Guidelines To Withdraw

Regarding withdrawals (recharge members only):

The minimum withdrawal amount on the platform is: 3000 NGN
Withdrawal time is: Monday to Friday from 10 am to 12 noon. (Arrived within 48 hours)
The total recharge amount must be kept in the account, otherwise the withdrawal cannot be successful
Withdrawal will incur 20% tax (the tax will be deducted from the account balance)Withdrawal calculation formula: (total account balance – total recharge) / 1.2 = withdrawable funds.
For example: the total account balance is ₦50000 and the total
recharge is ₦20000.
50000-20000=30000
30000 / 1.2=25000
The maximum amount you can withdraw is: ₦25,000

Kabul.work Red Flags

This platform is not a legit company, it provides no information about its company registration status and licenses that makes it operate a crypto company
The owners and management team of the company are unknown.
The company exhibits poor website design, suggesting a lack of professional investment company.
The company offers limited or no customer service, a common trait of scams.
The company’s marketing materials use misleading or manipulated statistics.