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BIT ICO Review: bit-ico.biz is Scam

BIT ICO Review: bit-ico.biz is Scam

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BIT ICO is a company that claims to be involved in crypto trading activities. A lot of people are looking for ventures that can help them earn money quickly in the industry. There is nothing like getting rich fast in the cryptocurrency venture.

You need to be patient and look for legit companies that will not scam you. The company is bragging of having crypto trading professionalism; hence one can earn either using short-term or long-term investment opportunities. Additionally, this pyramid scheme also states that they have adequate knowledge in the stock market which has significantly contributed to their success.

Unfortunately, we cannot verify the statement as there is no visible evidence that shows the company is paying out its customers. The Ponzi scheme is allegedly a website that will come all traders.

BIT ICO accepts numerous payment methods making it easy to target more victims by availing online payment opportunities. You can cash in using Payeer, Perfect Money, Ethereum, and Bitcoin. The Ponzi scheme also promises users a long time earning opportunity on daily basis.

It is only scammers who make claims of giving you hourly returns that are way too huge to attain. There’s no way you can earn sustained prophets that are daily.

BIT ICO Review

BIT ICO, despite being a scam the platform has an SSL certificate which includes investors’ information. Additionally, they have DDoS protection that helps to avoid being hacked. Moreover, they claim all the electronic payments unprotected.

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The platform also has an affiliate program that they are clients to use for them to earn even more rewards. Apart from trading, they also state that they perform ICO trading activities and managing investor’s funds.

BIT ICO Review,BIT ICO Platform

The pyramid scheme brags of using innovative solution to come up with strategies which have given them advantage over their competitors. They guarantee their customers that the only thing they will get from them is pure profits. Moreover, the platform state on the web page that they are an ISO verified investment firm that has permission to collect money from investors across the globe.

BIT ICO promising to make you a billionaire within a short duration. Any company that is offering you something mind-blowing you should keep it at Bay. The USA has stringent measures when it’s come to approving investment platforms.

The Ponzi scheme has guts to lie about their identity and disclose false addresses. It shows how desperate they are to win your favor. We advice you stick to reputable crypto trading bots that will help you gain without scamming you.

 

Investment Plan and Returns

BIT ICO has three investment plans which have ridiculous returns. The first investment account promises an hourly performance that goes for 29 days and has a total of 7.16% profits.

A second plan will give you a return of 258 % for 23 days and the third package runs for 17 days and it promises it promises rewards of 341%. That is a lot of money, considering we haven’t seen a lot of people endorsing their services.

The returns display only to attract more innocent traders into their doorstep, but in reality, you will never cash out the profits. In addition to that the fraudulent company assures investors that they can withdraw their earnings in time. The little amount that you can cash out is 0.05%.

To take part in this company, you will need to deposit $10. They mean to say this is not much amount considering that it will be earning on hourly basis. It further state that your money will be added directly to your account and you can collect it by selecting the withdrawal option.

They prohibit people from opening numerals account, and you can only register once. If they find you are not complying with these they will automatically ban you from the website.

Customer Support and Licensing

The company has various methods that you can reach them just in case you have any queries. Their email address is; [email protected], and their phone number is +1-347-973-9732.

The physical address is at 86 broad Street, NY 1001 8th Floor, Right Wing, New York. But, this is not the actual location of this pyramid scheme as we checked, and there’s no company by this name which is located here.

The platform does not feature any regulatory details on its platform. The company claim to be in USA yet they are not in NFA list of licensed entities. Trading with platform that are not stated by the authority exposes you to many dangers. A lot of things could go wrong.

A registration document does not mean much when it’s come to proving the legitimacy of a trading company that is collecting money from members of the public. What matters is the approval of the financial watchdogs in the industry. Before a company is granted the license, they have to undergo a due diligence test, and when they pass, they are safe to trade with.

It helps in setting apart the legit companies from Ponzi scheme. You find that fraudulent platforms will not afford or meet the sets guidelines hence making it easier for investors to choose the venture they want to be part of. Despite there being some advantages that come along and regulated firms it is always good to stick to be licensed entities because they are safer.

Funds Safety

The law requires financial investment companies to set aside a certain amount of money that can be used to compensate investors just in case they undergo insolvency. Additionally, the investment venture has to provide its financial banking information to ensure the owner and the company’s account are segregated.

Since BIT ICO is not permitted to undertake financial services in any country, it means that there is very high chance you are depositing money directly into the scammer’s account.

If you lose money to this platform, no one will come to your rescue, considering that they don’t reveal their real identity and the government has no record of who they are. We advise you to stay away from BIT ICO since it is not regulated, and they are offering something which cannot be attained in the current market. Moreover, there is no investment taking place leave alone trading activities.

If they are indeed a trading company, then they would do everything possible to gain our trust as well as provide information that can prove their legitimacy. It is just a Ponzi scheme that we steal all your funding in a matter of seconds.

Another red flag that we encountered is that BIT ICO is accepting as low as $10, which raises suspicion which platform in this world except such amount when they are fund managers? The deposit is too minimal and there’s nothing good that will happen if you trust them. The amount they are collecting shows their level of desperateness as they want every penny that you deposit no matter how little it might seem.

Now let’s do the math the ROI we are indicating is over 300% in 17 days and 600% in one month. Logically speaking, do you think any venture would share such a lucrative program with the public? No company has generating anything close to these figures.

Final verdict

BIT ICO is a notorious pyramid scheme that will disappear within no time like it was not there in the first place. If they don’t exit the market, they will keep stealing money until they can no longer sustain their needs. Choose only reputable cryptocurrency trading software that will see you through in your trading activities.

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