Estimated reading time: 5 minutes
Thanks for reading this review of a website known as Bitcoin Square. According to the sales page, Bitcoin Square are the experts in BTC investments. They give investment advice. But they do not have a license to show that they have been authorized to provide this kind of investment advice.
Bitcoin Square is popular in the US as most of the traffic seem to be coming from this country. One thing we can promise you is that this is an illegal investment service. If majority of the traffic is coming from the US, it simply means that the mysterious owner of Bitcoin Square is targeting citizens of this country. They should be regulated to be allowed to conduct their operations in the US. There is no excuse about it. The SEC does not recognize this ponzi scheme.
Therefore, in this review of the Bitcoin Square website which can be found on this domain – bitcoinsquare.pw, we will be providing a comprehensive analysis of the website and its offers. But it remains that this is still a scam no matter how appealing their sales pitch may sound like.
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It’s all about Bitcoin fraud. You have to send them your Bitcoins so they can invest it on your behalf and give you returns after 2 or more days. The site is hawking 3 different investment plans. The first investment plan is called Varuna, and it’s promising a 2 day return of 130%. The minimum investment that this site is looking for to recruit you into this plan is 0.0005%. There is a promised loyalty bonus.
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Note: If your language is not English, you should use the language dropdown menu at the top right hand side of their page to select your language.
The second and third plans require a minimum investment of 0.0001 BTC and 0.001 BTC respectively. These plans are known as Ahura and Lacra. Ahura is promising 175% in 4 days. Lacra has a 6 day waiting period after which the investor will allegedly earn a return of 250% which means 1000% in a month’s time.
These figures tell us that Bitcoin square is a high yield investment program and possibly a scam. When you look at those numbers, you realize that they are sounding too good to be true. There is no form of trading that can yield those returns in a short duration of time. No one who really trades can guarantee you a fixed income because markets do change. The market does not behave in exactly the same way every single day. That is why promising a fixed return is impossible. Only scammers can promise fixed returns which do not make sense.
Having gone through the site, we feel that everything about it is fake. The returns are too high. And the presentation is also fake. If the anonymous owner truly knew the secret of trading Crypto currencies to make these ridiculous returns, they would never share their secret with you. And even if they were to help investors by operating a hedge fund, they would charge a fortune just to join them. Money is never free. Working with the best hedge fund managers is always something that’s going to cost you upfront in terms of minimum capital and performance fees. If the minimum capital is low, then the inevitable is going to happen. The site will simply scam you because real fund managers do not work with a small capital. They hate it. We have never seen a legit fund manager who begs for 0.001 BTC.
When you scroll down the Bitcoin square website, you will see a list of anonymous investors who were allegedly paid by this platform. As always, we cannot verify these Bitcoin address. There is no realistic way to do so. But that list of supposedly paid investors is long. If there was a way to verify this information, it would have been convenient for the purposes of writing this review.
Also, as you can see in that list, the profits are too good to be true. These profits are definitely fabricated. They are not real. The payout records are fake as the website cannot give us proof of trading activities.
There is no trading license, and yet this website claims that they are offering the best investment advice. That’s a red flag. They also claim to have 5 years of experience trading for their customers. Again, this experience cannot be verified because the admin is anonymous.
They also claim that Bitcoin Square is striving to achieve ”highest professional’ standards. We don’t know how possible this is because the site does not act professional. They lack ethics as well. Their returns are abnormal and not persuading at all.
An anonymous admin and promises that cannot be kept is a good ingredient combination for a scam site. The website does not have a cleverly designed about us page.
The site is also trading in a worthless coin known as SQBC. They want to convert real money into SQBC. This coin has no real value outside the Bitcoin Square website. It is a way to launder real funds so they can scam you and make recovery of funds impossible. This coin is definitely suspicious because it costs nothing to produce it plus it is not backed by any value. Buying or exchanging your valuable Bitcoins into SQBC will result in a loss.
After analyzing this website in details, we see that there are several red flags that can’t be ignored. If you ignore the fact that the owner is anonymous and their trading experience cannot be proved, you will be taking too huge a risk. If you ignore the fact that this site is showing fake transactions to fool investors, you will be putting your funds at great risk by sending them to the scammer’s wallet.
To cut a long story short, this is not something you want to participate in.
To trade Cryptocurrencies and make money, make use of these trading robots. They are professionally designed and their track records are in order. Forget Bitcoin Square scam.
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