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Big Bitcoin Scam: Honest Review

Big Bitcoin Scam: Honest Review

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When you encounter a domain that says Big something like this particular one ”bigbitcoin.net”, you should know that the site is a scam that promises money for nothing. In fact, Big Bitcoin is a myth and a lie. You won’t make money. You won’t make any stable income. Ultimately, you will lose whatever small amount of Bitcoins you had in your wallet. Also, this Big Bitcoin website does not reveal its owner at all. The person who might be in charge of the operations of this site is equally anonymous. But the funny thing is that we are supposed to trust them with a minimum of $50 (no maximum). This is not possible, at least from a critical view point.

Big Bitcoin is a ponzi scam. At least this assertion can be verified but not the claim that they trade and mine Bitcoins. We can also prove that this site is running a ponzi scheme business model as there is a 10%, 4%, 2% and 1% referral program in place. What’s the need to have this program in place if they can generate up to 25% daily forever and without any problem?

Also, we wonder how one can expect to make 10% daily forever. This would be 300% per month, an utterly ridiculous ROI to think of. Legit trust funds do not promise overnight riches because it is simply impossible to become rich overnight by trading or mining Cryptocurrencies. Furthermore, we do not trust anonymous admins who claim to have what it takes to generate such returns. The reason they are anonymous in the first place is because they have a second agenda. If you send your money to them, you can rest assured that they will receive it and say thank you.

However,we do not want you to waste your Bitcoins just like that. There is a wise way to invest in Bitcoins so you can generate even more. You can either mine them with trustworthy companies or simply trade them with bots. This is because bots are appropriate for newbies who have no idea what trading may involve.

Big Bitcoin Review

With no information about the owner and crazy returns which start at 10% per day up to 25% per day forever, Big Bitcoin comes across as a valid ponzi scam. At least they have confirmed that no trading or mining is taking place. There is no evidence that the admin of this website is taking part in these activities. We do not know whether they have data centers from which mining can take place. Also, we are not yet ready to believe claims that they are mining BTC when data centers are literally absent.

big bitcoin

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With regards to their trading activities, we would have believed it if we saw their past performance. Everyone who trades Cryptocurrencies at major exchanges has records of how they bought and sold a coin for profit or loss. This shouldn’t be a difficult thing to prove. But as you can see, Big Bitcoin is just a scam because they can’t prove their trading activities too.

So, with no trading and no mining, this website is left to prove that the only source of income is in the member deposit. This is essentially how ponzi scams operate. Initially, they might pay. However, as reserve begins to dwindle, they will stop paying altogether. This refers to ponzi schemes that are legit, meaning they do pay at some point only to stop paying simply because the structure of a ponzi scheme doesn’t allow it to pay forever.

And then there are outright scams that take your money and freeze your account or refuse to process your withdrawals. It is difficult to know for sure which category Big Bitcoin belongs to. But you can be sure that it falls under one of these categories, meaning that at some point, many people will lose money.

Also, ponzi schemes are designed to ultimately benefit the owner and not participants. Most of the funds flow towards the pocket of the owner. So Big Bitcoin is just one of those ponzi scams where money will flow into the pocket of the owner as soon as you inject it into the system. It is as simple as that.

No license

They are giving us company registration number which indicates that Big Bitcoin is registered in the UK. That means nothing because most of these ponzi scams are registered as corporations in the UK and are doing nothing other than to scam internet users. It is not something we can use to build trust towards Big Bitcoin.

The other thing is that in the UK, trust funds are licensed to operate. No legitimate trust fund will operate without authorization from the FCA.

Now, let’s consider this. Big Bitcoin is operating without authorization from the FCA. This means that it is illegally conducting business on the internet. It also means that the reason they can’t qualify for a license is simply because they are anonymous and secondly, they are neither trading or mining. That license can only be issued out to people who are genuinely participating in one of the two activities.

Anonymous owner is a red flag

You are supposed to send Bitcoins to the owner of a website whose domain is privately registered, right? Do you believe the promise that this website makes at least 10% per day? For us, this is far-fetched, we don’t believe these claims.

If they were able to make 300% monthly returns, guess what? They would be having a lot of money by now. There would be no need to conduct any business with you. In fact, the anonymous owner of this website would see no need to hide his name. He would be probably sipping champagne at a seafront apartment and living his own quiet life. So far, they are not living like someone who makes 300% monthly returns.

Our best advice for you

If you want to be scammed, go ahead and send money to Big Bitcoin. If you don’t want to lose money, keep it or trade it with these robots to multiply it slowly but consistently.

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