Kuvera is the newest name on the scene in the world of cryptocurrency, mining, and fintech (financial technology). But… What is it? Here is our complete Kuvera company review.
We do want to stress that legal presidents has not been set on the crypto currency vertical in the United States so if you are a USA citizen. Proceed with caution on representing any “opportunity”.
If you desire to buy and trade crypto currencies you can begin with Binance here the largest platform used to date.
As with any financial related article. No buy, sell, or hold recommendations.
What is Kuvera?
Kuvera’s products fall under three categories: finding, keeping, and growing your money.
FINDING includes financial strategies trainings provided by renowned money mentors as well as financial apps that track spending. KEEPING strategies include using the same financial app as it’s results help most people keep or receive more money at tax time. The bulk of Kuvera’s financial programs are in their GROW category.
Kuvera’s GROW programs are varied and include a few Forex (foreign exchange) products. The most impressive is an autotrading product named Ryze which appears to historically average a 2-3% MONTHLY return and is publicly audited. Participants open a brokerage account with a specified brokerage. The brokerage has access to signals and executes the trades. All the customer does is deposit in the account, so some people roll entire retirement plans into it. Minimum deposit is $500.
Other products include options and forex trading guidance. In these varied programs, customers can receive trade signals either live or via email.
Kuvera Crypto Mining
The most attention grabbing product is CRYPTO, their cryptocurrency mining program. The mining packs range in price from $499.99 to $4999.99, though larger packs can be arranged. Each mining subscription is good for the full lease of a mining rig. Kuvera owns the rigs and covers all maintenance. The size of the package determines the speed of the mining. Returns are daily, in the form of Ethereum, though the servers are mining one of a variety of cryptocurrencies.
Is Kuvera legal?
How can Kuvera help people make money in the stock market and cryptocurrency space legally? There’s an interesting way that Kuvera protects themselves: they remain a financial technology, education, and research company. Kuvera isn’t a brokerage firm or an investment advisor. They don’t maintain client accounts or touch client funds. Kuvera instead is classified as a publisher of financial research and information and is exempt from securities registration. Ultimately everyone involved is executing trades at their own discretion.
The jury is still out on the legal presidents Kuvera stands on and if it will hold up under the weight of the US government. Further any sales rep representing a USA based company in the crypto space should proceed with extreme caution as regulators make legal president by making an example.
Kuvera Wealth Generators
A quick look under the hood reveals that Kuvera is a new name given to a solid company with a previously questionable name. Kuvera used to go by the name Wealth Generators. Wealth Generators was a good company with a name that doesn’t do well internationally. Kuvera, the new name, will likely fare better internationally, where “Wealth Generators” is far too American-specific. There’s possible name confusion with another Kuvera- an India based mutual fund investment platform, but that’s minor compared to the confusion of having an anglicized name like “Wealth Generators.”
How much does Kuvera cost?
Kuvera is an education platform with different access tiers. The only program without a monthly subscription fee is the CRYPTO package. You buy your mining package, and that’s it. The other packages have monthly subscriptions because the subscriber receives monthly access to either trade alerts or something similar.
Kuvera’s monthly subscription prices are either $149.99 or $199.99. Customers can pay an addition $50 at time of signup for the ability to be a distributor. When they refer three other subscription members, theirs becomes free. There’s some technicality to it, but that’s the general concept.
According to financial documents filed by the Kuvera board, Kuvera double their customers in the past year and is most focused on retention. As the saying goes, it’s far easier to keep a customer than get a new one. But how do they go about getting new ones, when they need them?
Kuvera has an affiliate or network marketing side to it. When a customer signs up, they can pay an extra $50 to be a distributor. That includes their “replicated website” which just means they get a custom link to send potential customers with product and signup information. Unlike most other companies, Kuvera has no monthly “business fee.”
The biggest reason why anyone would want to join Kuvera’s MLM side is the ability to get their own product subscription free, which they can do when they refer three subscription customers.
For those with network marketing or MLM experience, cryptocurrency is a hot industry, and the compensation plan and legitimacy (see below) make it an attractive business to start.
Kuvera Publicly Traded
Kuvera/Wealth Generators LLC is a wholly owned subsidiary of Investview. Investview is publicly traded (OTC:INVU), which means they file quarterly reports and financial transparency. This also means Kuvera has to stay legal and up to date with the way they represent their offerings.
To our knowledge, there are no other publicly traded companies offering cryptocurrency mining, which provides a legitimacy that’s all too rare in the wild wild west of cryptocurrency.
Summary of Absolute Currency’s Kuvera Company Review
12-2-2108 Currently the company is not distributing profits from mining results and it’s Ryze product is having issues paying customer withdrawals from the broker.