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Profit Arena
Business Internet Ponzi Schemes

Profit Arena Review: Legit Or Scam? What You Must Know

This Profit Arena review was made entirely out of observations and independent of any external influences. Make sure you make careful researches before you make any financial obligations.

We will not be held liable for any financial loses or gains arising from decisions made from contents on this page.

Introduction:-

What Is Profit Arena All About?

The Profit Arena is a ponzi scheme, just like Wazobia Cash.

In case you’re wondering what a ponzi scheme means, I will be doing a run down on it.

It is a kind of making money scheme whereby you join and earn from other people’s donations. You also earn bonuses for referring people, and your referrals are called your downlines.

The upline earns some particular amount of money, and you are expected to give help (pay others).

It is more like, and unlike other Ponzi schemes like the MMM and Ultimate Cycler.

In fact, if you know about the Wazobia Investment Platform, then they both function the same way.

How Does The Profit Arena Platform Work?

Now, let’s look at my own Profit Arena review and why I think it has more potential than the pioneers.

When you join with ₦20,000 (I think that’s the minimum), you will be required to provide another help of ₦20,000 to get help.

This is to stop the crashing of the system when people stop paying.

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Basically, an average Nigerian would want to come, invest and cash out three times and boom, they’re off!
It was what exactly crashed the other platforms, or at least one of the things.

When the early birds are done cashing out and off, the other people will have no option that to keep waiting.

The merging and payment (receiving help) is done in 72 hours, ie 3 days.

The system will not automatically upgrade you as in the case of Wazobia Cash, and you can stick to your initial capital.

I think the system will last longer with this, but who knows?

Who Owns Profit Arena?

Information about the owner of the platform is not on their website but here’s what I got from my researches.

Their domain name, profitarena.ng was registered on the 14th of May, 2020 by Oludare Ayomide.

The registration phone number that was provided is +81.6764****, and it is Japanese.

The second domain name, profit-arena.com’s registrant’s name was protected. It was however registered by a Minnesota phone number, +507.836****.

It was registered on the 13th of June, 2020.

Is Profit Arena Legit Or Scam?

Ponzi Schemes are generally unpredictable, but Profit Arena looks like it has more potential than the others.

Since you must leave a particular portion of your money on the platform, it means it will keep on floating.

The maintenance however is something else, and it was trending on Twitter recently.

Who knows? They’d be back soon and probably with something better.

How Can You Make Legit Money Online As A Nigerian?

Aside ponzi schemes, there are so many other ways to make money as a Nigerian.

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Some of them include freelance writing, affiliate marketing, digital marketing and blogging.

I shared some tips that help me generate more than ₦200,000 monthly revenue monthly as a blogger, and you can check them out.

Conclusion

Remember to read the TOS and disclaimers of any website you want to join, especially ponzi schemes.

There might be some ‘tricky’ information embedded in the bulky pages, you you over look them because you’re only after the money.

If you read through them carefully, then you’ll be in a better position to make the best choices for yourself.

Thanks a lot for reading along.

What do you think?

Drop us a comment and don’t forget to share to your friends.

12 COMMENTS

  1. Have been trying to upload my proof of payment since last night when I made the payment for activation fee, till now, when I click on download, get d picture, click on upload proof, it takes me to same page without uploading. What could be d problem?

  2. Pls CEO of profit arena I have am issues on the platform, since 6days ago,have to be merged for someone to pay me,all effort to contact the admin or guider is void,please assist.

  3. Please CEO of profit arena,I have an issues with the platform,since on 22rd of this month,I ave not be merged for someone to pay me and I ave paid my investment and recommitment twice,and up till now the system have refused to merged me,for 6days,please your kind assistance will be appreciate

  4. I have been merged to receive 30000 since on Friday but I have just received 4600 till now,I want to know if my account has an issue please

    • I pH 50k since 27th of June, I was merged to pay the 50k which I paid, I also paid recommitment of 50k and till date I have not been merged for.someone to pay me. Today is 2nd of July. I need your help.

  5. I believe strongly that the ponzi industry has come to stay. With new p2p organisations coming up it show to that there is a new wave of compulsory ponzi for every average Nigerian.

    How long u will make money from them depends on which one u join. Join a relatively new one is far better say 1month old.

    Profit arena is in crisis right now. And they themselves are part of the cause of the problems.

    1.They maintain a policy where members can’t chat with admin directly. And that has made many members to upload fake POp has there is no other way to channel their complains.

    2. They are not educating their members on how the system runs. So every upline is ignorant of the system and then sells ignorance to the new members and that was how problem started. so new members make mistakes of Clicking on PH b4 GH.

    3.No customer service, no contact phone no, admin email not reachable, the Admin mail not a valid email

    • Profit arena is a big scam. I experienced the same thing. The worst part of it is that they have come back with another name GOLDCITY AFRICA. You can’t even contact your guider let alone the admin or the email address they give.

  6. Please people should check in this profitarena, I think we have lost this account and this platform is good you know it’s now this platform is gone for ever, don’t think that they are coming back again, because people’s money are there, the will not come back again go and check it you will see, don’t put your money there again, I myself I have about 80,000 naira there but you that have your money in your hands do not put it there again thanks GOD Will deliver them for evil good.

    • Profit Arena is a scam ooo, please friend out there , don’t risk your money, is not a genuine platform. They are only interested on collecting people’s new members money after which they will not pay. I was supposed to withdraw since 27th till now i have not be merged to receive, I have written complain to the so called admin, to no avail, talk on the Facebook , messenger still no reply , all the contacts are fake. Their aim is to duped people their little money in this bad economy. All these Wicked set of people will surely suffer if not in this life but in life after, this money they have collected from people will never be used for anything good.
      Friends we need to nail them , we need to make it public so that manypeople will not fall victims of their scam

    • Profit arena some one upload fake proof of payment for me though it has been 2weeks, I didn’t confirm it now profitarena link is taking me to another link on telegram, after withhelding my 30k

  7. Profit Arena is a scam ooo, please friend out there , don’t risk your money, is not a genuine platform. They are only interested on collecting people’s new members money after which they will not pay. I was supposed to withdraw since 27th till now i have not be merged to receive, I have written complain to the so called admin, to no avail, talk on the Facebook , messenger still no reply , all the contacts are fake. Their aim is to duped people their little money in this bad economy. All these Wicked set of people will surely suffer if not in this life but in life after, this money they have collected from people will never be used for anything good.
    Friends we need to nail them , we need to make it public so that manypeople will not fall victims of their scam

  8. Profit arena some one upload fake proof of payment for me though it has been 2weeks, I didn’t confirm it now profitarena link is taking me to another link on telegram, after withhelding my 30k

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Nigerian twin writer, photographer, FX trader and YouTuber. I focus on biographies, business and tech. You can connect with me on Facebook and Twitter @Chimaizuobi!