If you are thinking of Bitcoin ”Minning”, then this site is for you. But if you are thinking of Bitcoin Mining, we urge you to stay away from Bitcoin Line (bitcoin-line.com). The website is only 39 days old as at the time of writing this review. The domain is anonymously registered and is not under the watch of any Ltd corporation. This further proves to us that Bitcoin Line is a suspicious operation which may not be mining BTC at all. Therefore, in this review, we want to focus on the scam indicators and let you know whether or not you should proceed and how you should proceed as well.
Note: get started with these Bitcoin mining sites.
What exactly is Bitcoin Line? Bitcoin Line is basically a site that claims to sell hashing power to internet users who want to mine bitcoins. The site claims that they are the world’s leading Bitcoin miners and that over 1 million internet users have so far registered on their site and are actively mining Bitcoins with them.
One thing we know is that if these figures are being published without a way to prove their authenticity, then we must not believe them until we have seen proof. We are not about to believe that this site has registered one million users given that this domain is slightly over a month old. They can’t possibly have acquired such a huge number of users.
In the slider image on the home page, the site writes the title ” why it is better to keep your Bitcoins on this website”. Immediately we read that assertion, we knew that something was wrong. How can an anonymous site like Bitcoin Line encourage users to store Bitcoins on their website? What assurance do we have that they will not close down and run away with the money?
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved Super Simple Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 45% Monthly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With Hash Power Factory. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase. Click the Banner Below To Register Now:
Note: If your language is not English, you should use the language dropdown menu at the top of their page to select your language.
The confidence that we have towards this site is virtually zero. The site is not transparent and is definitely not disclosing their mining contacts, conditions or anything related to that. Instead, they only make the assertion that you can start mining Bitcoin with them in under 5 minutes.
Right below that statement, Bitcoin Line repeats that Crypto currency mining gives people the opportunity to mine without significant upfront investment in hardware and technological know how.
These generic statements are meant to fill up space and make Bitcoin Line appear as if they are explain their service to an audience. In reality, this is just ambiguity and everyone who visits this site can say with confidence that every bit of information that has been published in this website is not useful.
They also talk of commercial security, and we almost laughed because the site does not have basic security features such as an SSl certificate. So how can Bitcoin Line have commercial security when basic features are already missing?
An SSL certificate is a feature that encrypts user information so that when visitors pay with credit cards, their information can’t be leaked to hackers. Every website dealing with investment products or services must have one in place because at one point, they will accept Credit card payment and other vital banking information. Now, rest assured that this website does not have this crucial security feature in place and yet they are accepting credit card payments or are at least claiming to accept credit card payments.
Most scams in this industry will fraudulently register a company in the UK and then launch a website claiming to either mine or trade Bitcoins for investors.
So far, Bitcoin Line does not indicate their association with a legal entity. This makes it one of the unsafest places to put your Bitcoins in. This is actually a rip off as opposed a Bitcoin investment platform.
The owner is completely anonymous and the site is registered for a duration of 1 year only. We have encountered similar sites before. They always disappear in the 6th month of their operations mainly after there has been a public outcry. Bitcoin Line is following that line and is giving us sufficient red flag that should make us doubt them.
An anonymous owner means a red flag. When there is no corporate backing, this is also a serious red flag. You can’t ignore these tale tell signs unless you want to be scammed.
Other scam sites will do their best to fake payouts. This one is not one of those sites that fake results. The lazy scammer who runs Bitcoin Line does not care what you think. That is why they have said on this website that they generate bitcoin every hour. And then there is no proof to show that this is happening.
There are even no promised ROIs like many other Bitcoin scams. This scammer seems to be the laziest of all because he doesn’t care what investors will think when they land on this website. Perhaps this site is under construction. We may never know what is happening especially after we see that a lot of information is missing on this website.
Even a simple FAQ page does not show up on this website. The anonymous website operator cannot be contacted by any means because neither a phone number nor an email address was provided.
Some buttons also appear not to be working. They are meant to be clickable. However, when you click them, nothing happens. Even if this site was under construction, 39 days of online existence is such a long duration for a site to remain under construction. So we think this is a deliberate move by a scammer to save time while expecting to make quick bucks from gullible investors.
With no evidence of data centers and payouts anywhere on the site, we can conclude that this is one of the stubbornest scams around. The site lacks basic security features and is a high risk to all kinds of investors. You should only mine with legitimate Cryptocurrency platforms but not a site like Bitcoin Line.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
August 23, 2017 By Warren
Some social media users have been blasting and trolling Meir Barak of Tradenet because he said in one of his...
June 7, 2017 By Warren
Is Forex School Online going to really teach you the right skills needed to make money from the markets? We...
June 6, 2017 By Warren
The word ''Forex'' is an intriguing phrase for most people. That alone makes the Forex market a healthy breeding ground...
June 6, 2017 By Warren
Traders Elite (traderselite.com) is a scam that claims to have the secret of identifying the exact millisecond to enter and...
June 4, 2017 By Warren
The Forex market is a lucrative place to be. However, it is also a conducive environment where scams like Super...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More