Review: Legit Or Scam? [Truth Revealed]

In this article we shall be revealing the legitimacy status of If your friends have been bordering you to join the Canaan website, you should go through this review before you proceed. This article goes beyond all the numerous earnings and withdrawal screenshots about Canaan website you probably most have come across on social media.  

There are lots of unanswered questions about this platform which we shall address in this article some include; is legit? When was launched? What is the minimum withdrawal amount on Will crash? What is the minimum investment amount on And so much more!

Note: We are not under any sponsorship/partnership deal from to write this review article. We simply carried out our research and penned down our findings. We do encourage you to carry out your own personal research where necessary.

We urge you to make use of the table of contents below to help you navigate through this article with relative ease. If you have any questions or contributions regarding the platform feel free to ask them in the comments section below. Without wasting more time, let’s begin!

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What Is

“Canaan is a leading provider of supercomputing solutions, distinguished for superior cost-efficiencies and performance. In addressing the limitations of today’s computing hardware, Canaan strives to advance the world we live in by powering transformative technologies.

Canaan is renowned for having invented the world’s first ASIC-powered bitcoin mining machine in 2013, radically catalysing the growth of a computationally-advanced bitcoin mining sector.

Developed through academic research, rigorous expertise in semiconductor design, and backed by a robust network of strategic partners, Canaan continues to expand its suite of advanced hardware offerings, exploring opportunities across some of the world’s most exciting emerging technologies.” was launched in November 2023. The domain name “” was registered on the 2nd of November 2023 according to statistics from Whois domain checker. However, the name of the registrar (owners/founders) was concealed.

With that settled, let’s quickly see how this platform works in order to understand how their investors or users are paid.

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How Does Work?

The process consists of four clear steps detailing how the investment platform functions:

📍 Registration Process: Users register and establish a new account, also get a free N400 sign up incentive.

📍 Investment: Users can choose from various investment plans available on Canaan website, ranging from a minimum cost of N1500 to a maximum of N1,000,000.

📍 Withdrawal Phase: Users can request withdrawals if they meet the minimum withdrawal threshold.

In essence, operates through a straightforward and uncomplicated process. However, the critical question remains – is a legitimate platform or merely a disguised scam? Let’s investigate.

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How To Register On

👉 CLICK HERE to proceed to the registration page.

👉 You will be taken to the login page, click CREATE NOW text to proceed.

👉 Input your mobile number, captcha and password them click SUBMIT.

👉 Congratulations 👏, you have successfully created your account. You will automatically be taken to your user dashboard which means you have successfully created your account.

👉 You will equally be given a free N400 sign up bonus. This can only be withdrawn after reaching the withdrawal threshold on Canaan website.

Now that we have seen exactly how you can register/sign up on, the next stage is the actual investment stage. Follow the steps below to get started.

>>>>>>>>>>>> REGISTER NOW <<<<<<<<<<<< Investment Plans And Potential Earnings

📍 N1,500 To earn N225 daily for 360 days.

📍N3000 To earn N510 daily for 360 days.

📍N6,000 To earn N1140 daily for 360 days.

📍N12,000 To earn N2520 daily for 360 days.

📍N24,000 To earn N5520 daily for 360 days.

📍N48,000 To earn N12000 daily for 360 days.

📍N96,000 To earn N25,920 daily for 360 days.

📍N384,000 To earn N119040 daily for 360 days.

📍N768,000 To earn N253,440 daily for 360 days.

📍N1,000,000 To earn N253,440 daily for 360 days.

How To Invest On

To purchase an investment plan on Canaan website, follow the steps below;

👉 Login to your Canaan website account.

👉 Click the menu option PROGRAMS below the screen.

👉  The minimum investment plan costs N1500 while the most expensive plan costs N1,000,000.

👉 To purchase an investment, click on BUY.

👉 Review and confirm your purchase on the product details page.

👉 Select “FAST PAY” under the payment gateway and click on BUY.

👉 You will be redirected to the payment page, copy the account details provided and make a one time deposit of the amount your investment plan costs.

👉 After successfully making payments, proceed back to the payment page and input your account number and account name (which you used in making payments) them click on SUBMIT.

👉 Your purchase will be processed automatically.

👉 When you deposit is confirmed by the admins, your investment will be added to your dashboard.

Congratulations 👏, you have purchased your first investment on platform. By default your earnings will be reflected on your dashboard after 24 hours of making your investment purchase.

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How To Fund Your Account does not support a direct deposit on their platform before making an investment. Users who are interested in purchasing any of their investment plans have to purchase the plan directly.

In this regard, we urge you to follow the step by step guide on how  above to understand clearly how this is done and how it works.

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How To Make Money On Canaan website

As expected there are two major ways to earn money on Canaan website, these are mainly through the investment plans and through referrals.

The first and primary way to earn on Canaan website is by purchasing any of the available Investment plans on the platform. Users can earn as low as N130 on a daily basis to as high as N170,000 daily depending on the Investment plan they purchased.

The second way to earn money on is through their referral System. Canaan website is willing to pay you up to level 3 referral commission, as long as you bring in a new investor to their platform.

These are the two major ways to earn money on Canaan website. 

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How To Withdraw Earnings On

👉 Sign in to your account.

👉 On the homepage click on WITHDRAW on the menu tab.

👉 Add your bank account in the section marked BIND BANK ACCOUNT.

👉 Input the amount of money you want to withdraw under the section marked AMOUNT. The minimum withdrawal amount is N1000.

👉 Finalise your withdrawals by clicking on “WITHDRAW”.

👉 Keep track of your withdrawals (pending, failed or approved) under the section labelled  “WITHDRAWAL RECORD”.

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Is Legit Or A Scam?

To make it easier, the isn’t trustworthy. It looks more like a Ponzi scheme than a real investment opportunity. Even though they’re paying investors now, there are a few reasons why this doesn’t seem reliable:

❌ We don’t know who owns the website, which is suspicious.

❌ Their investment plans seem made up, without real things to invest in.

❌ They mostly rely on getting more people to join, like a Ponzi scheme does.

❌ A similar site like this one failed before, making us worry about how long this one will last.

These warning signs from Bhustle show that might not be safe. Even though it’s new, it might not stay around for long.

Therefore, if you still make up your mind to join the train ( ensure to do so with income you are ready and willing to lose at any given point in time.

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Final Verdict

Finally we urge interested people to only register on with money they are willing to lose. Always remember that as long as the missing items dictated in this article about Canaan website are not stipulated, it remains a ponzi scheme. Do ensure to thread wisely!

Also we have reviewed a lot of legitimate websites where you can earn money by working legitimately on the internet. CLICK HERE to access them for free.

Do ensure to join our community of over 1400+ subscribers on YouTube where we share the latest ways to earn money online. CLICK HERE to subscribe for free.

Kindly leave your questions, contributions or confusions in the comments box below, peace.

About Stefan C.

Focused On bringing you the best educational and finance related topics that will impact your life and the lives of millions.
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