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BitOptions is our today review kindly read through as we expose this scam. The company lacks specialization at first. It claims to be offering mining and trading services to investors. The Ponzi scheme presents itself as a leading bitcoin investment venture in the market.
The bold statement that the company makes are all meant to lure you on their website. Additionally, the statics the platform presents is another ploy. There is no possible way BitOptions has acquired over 200k clients.
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The company is a few months old. It lacks a trading history, and their promise of making traders financially free is false. You will lose money just in case you decide to invest with the entity. The venture keeps reoccurring using different names.
The trait is only familiar with Ponzi schemes. After being exposed, they will come back using a different domain name and fabricates another enticing fantasy. You need to stay on the lookout to avoid ending up as a victim.
BitOptions promises its investors a total return of 350% within a month. There is no possible way the platform can generate such profits. Reputable and legit investment companies would never make such promises.
It should serve as a red flag, and in case you come across this venture, you shouldn’t rejoice. The scammers assure its clients that their funds are in safe hands. You do not need to worry, just deposit a particular amount of funds and sit down awaiting your profits.
BitOptions Review
BitOptions has several investment plans available for their victims. Logically speaking, there is no way you will deposit $10 and generate profit amounting to 102.5% within 24 hours. The Ponzi scheme has a total of 6 plans.
The returns range from 102% up to 350%. The more you wait, the higher your profits will be. This Ponzi scheme wants to buy time before exiting the market. The amount that you can cash in is $10-$100,000.
It is highly likely that BitOptions will disappear after a few months. The venture might pay at first to gain the trust of their customers. However, if you make the mistake of depositing a high amount, you will only regret the outcome.
False information surrounds this company from every corner. It claims to have been in the market for several years. Upon checking on its domain name, the firm is less than a year old.
A company that is capable of presenting false information to win your trust should not be in the list of trustworthy ventures. BitOptions will say anything to make you deposit funds.
Ownership of BitOptions
The company fails to disclose the people behind their operation. It is the norm of legit investment platform in the market to present all the necessary data that would assist them to win over clients. Transparency is something that comes in handy.
Mutual trust will be established when investors know whom they are trusting with their money. BitOptions does not credit its CEO or the team of professionals they claim to have. All indicator shows that they are a scam venture.
Why would they not present the qualification of their team? The location of their offices? Photos and names? If at all, they are legit. Additionally, the website is poorly built, and the data available is irreverent.
Trading and Mining Condition
BitOptions claims to be involved in mining, yet there is no evidence of them undertaking any of these services. The company does not have financial reports that can show how they have been fairing on in the market.
Moreover, the returns that any trading software cannot attain the company project in the market. We do not know they perform their trading activities. Do they use financial analysts or trading software?
We are left with more questions that no one can answer. When it comes to mining, the company should disclose how they handle the process. The location of their mining farm is not verifiable. Furthermore, mining is not as profitable as it used to be in the past.
Additionally, we are not aware of the hardware and the tools BitOptions is using to mine. All evidence shows that there is no investment taking place on this website. The person behind the venture just come up with a narrative.
Contact Details and Regulation
BitOptions is one company that happens to be very careful with the data it avails. The platform does not have a social media account, and there is also no method of contacting the support. They haven’t presented any contact details.
The platform is hiding from the public, and they are avoiding leaving any leads that can help the authority to trace them down. It is against the law to collect money from members of the public without having the necessary documentation.
As expected, BitOptions did not appear in the list of regulated entities in the FCA. The platform is targeting investors from European nations. Expert traders would never deposit funds in a company like this one.
Clients Reviews
During our research, we found positive reviews regarding BitOptions. These are fake testimonials from paid marketers. There is no way the company can generate profits when they keep using a different domain name.
The people endorsing this Ponzi scheme have not showcased proof of payment. Additionally, the ones claiming the company is profitable have not attached social media links. You should not trust a platform just because an anonymous person claims to be earning from the firm.
Learn to distinguish a scam when all they have is nothing but red flags. Having adequate knowledge of online investment comes in handy. Do not trust blindly look for loopholes, and you will never become a victim to scammers.
Safety of Funds
BitOptions do not offer funds safety to investors. If you decide to deposit funds with them, keep in mind that there is no available method of recovering the amount. The company does not discuss anywhere their banking information.
Hence, there is a high likelihood that naïve customers will be making their deposit directly into the scammer’s pockets. Therefore, when the platform exits the market, you will not get a refund. BitOptions does not have a compensation scheme in place.
The safety of your money should always come first. Ensure the company that you invest your hard-earned money in has put up the right measures. Additionally, when visiting this website, you will realize it is unsafe.
You may suffer from attacks of being hacked. Investors also risk sharing their data with professional hackers. Hence, the information might be sold to the third party. The anonymity and lack of transparency are key features that you are dealing with a Ponzi scheme.
There is nothing positive that will come out of this company. You should do yourself a favor and avoid trusting them blindly. Look for better options in the industry.
Final Verdict
BitOptions is a company that will steal your money instantly. The entity has no intention of making anyone rich. The person behind this venture is a professional scammer who knows what they are doing. Forget about their promises of making you rich.
You should trust only the top crypto trading software in the market that will generate reasonable returns by observing the requirement of the government. Your money will be in safe hands, and you don’t have to worry about Ponzi schemes.
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BitOption is to be avoided. They do not allow any withdrawal without first paying a value-added-tax, but they would not reply to whom said VAT is owed, and it cannot be paid from profits meaning more money out-of-pocket. So the purported ‘profits’ in my account just sit there and unless I pay further, will just stay there. They are scammers. Stay away,
Have you ever been able to get any funds out?
no