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If there are hundreds of thieves on the internet who are looking to steal Bitcoins from you, rest assured that you will bump into them every time you search for legitimate Cryptocurrency INVESTMENT websites on the internet. This particular review is about a company known as Bitcoin Power Ltd (bitpow.io) which claims to have been registered in the UK with company number 11038429.
The website of the Bitcoin Power Ltd looks really enticing, although it has the usual markings of a ponzi scheme platform. For example, most online investment scams come from the UK and are registered in UK. This one too is not an exception as they are registered in the UK.
There is a profitability calculator on their site, plus they have mentioned that members can earn between 0.35% to 0.50% hourly ROI.
Under those circumstances, daily return on investments would be 8% to 12%, something that we cannot achieve on a consistent basis. Unless Bitcoin Power Ltd is participating in several investment opportunities apart from Cryptocurrency mining and trading, there is no way we can sniff that daily return on investment. It is just too misleading to believe these numbers.
But it also reminds us that these numbers are often quoted by online ponzi schemes since you cannot find a legit Cryptcurrency mining company talking about ROIs and even enticing visitors with profit calculators. These profit calculators are misleading and will never tell you the truth. They are programmed to display false numbers suggesting that the website where you found that calculator at is profitable to invest with. That may not be the case.
Now, there is a big difference between a ponzi scheme like Bitcoin Power Ltd and a legit Cryptocurrency mining or trading company. We want to mention those differences in our scam check section. After this, you will make up your mind whether or not you want to proceed with Bitcoin Power Ltd. But before that, you will need to think long and hard because this business is all about lies and falsehood.
There are the usual lies that ponzi schemes will tell. These include the misleading number of years that they have operated this business and the alleged ”Cryptocurrency traders and analysts” which this company says they have employed.
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While Bitcoin Power Ltd says they have been operating this business for the last 5 years, that is not what their domain registration details are telling us. We might want to trust who.is details because they are more reliable than what this website is telling us.
According to who.is, the domain bitpow.io was registered on 2017-09-25. That is just a few months ago. Mathematically, this cannot be 5 years ago. So this is definitely a lie that they just made up to fool gullible visitors.
Now that we are done with that part, we would like to mention their so-called Cryptocurrency experts and analysts who are anonymous by the way.
The funny thing is that the admin of Bitcoin Power Ltd is also anonymous. So it only makes sense to conceal the identities of people who might be working with them. But most likely, this admin is a wannabie thief who works alone since the credibility of this company is questionable. Their activities are definitely not straight forward. And of course they are not transparent when it comes to the identity of the admin and their so-called team of professional Cryptocurrency experts. It would be very foolish of us to believe that Bitcoin Power Ltd is a genuine company with mining rigs and professional traders as part of the resources.
As you can see, most of what is written on this website is plain hype. Hype can never be supported by facts. That means you have to use your common sense to make reasonable judgement, right?
Bitcoin Power Ltd says that they are offering stable daily profits forever. They claim that they have the expertise and resources that are needed to run this business successfully since they have been doing this since 2012. Of course we know that this is a lie.
They also lie that they have employed a risk management team so that their clients funds will always be invested safely according to the strategies of these ”experts”.
We know that this information is neither true or accurate. It is of course geared towards someone who is foolish enough to believe the vibe. As for us, these are considered tell tale signs that must be acted upon instead of ignoring them.
Please be advised that no one can guarantee stable daily income in any form of investment. At least the word ”stable” should not be used to sell a falsified investment program like Bitcoin Power Ltd.
And then there are also claims that Bitcoin Power Ltd has fulfilled the necessary requirements needed by the regulatory authorities.
The only regulatory authority that would be interested in the activities of this company in the UK is the FCA. Since Bitcoin Power Ltd is claiming that they are licensed, we would be very much interested in seeing their licensing details to believe that this information is true.
Now, we promise you that you can search for this information on their site and you will find none. That’s because Bitcoin Power Ltd is not registered by the FCA, and they are not intending to seek this registration any time soon.
Their location is anonymous. The same applies to the admin. So how can they be granted any license to continue operating this scam in the UK? You must not believe this BS.
Before we can go far, we want you to identify the difference between this scam ponzi scheme and legit Cryptocurrency mining companies.
Unlike Bitcoin Power Ltd, a legit Cryptocurrency trading or mining company will not put more emphasis on big referral commissions. This is not their main line of business. However, ponzi schemes, on the other hand, will promise fat commissions because this is their line of business. Will those promises be fulfilled? Absolutely not.
Also, when you look at any website that is legitimately mining Cryptos, you will not find profit calculators or promised ROIs figures.
A legit Cryptocurrency mining company will not have trouble revealing who the admin is and where they are operating from. Simply naming UK as the place of operation is not enough. You should definitely detect these clear cut differences.
Finally, it is rare for a legit investment program to combine trading and mining of Cryptos under one roof. They are either mining or trading Cryptos but not mixing the two.
On the other hand, ponzi schemes like Bitcoin Power Ltd will often combine the two line of businesses because they want to conceal the fact that they are building a pyramid scheme.
The interest rates for Bitcoin Power Ltd are totally ridiculous and unbelievable. These guys either don’t have any knowledge or are just being careless with how they present information on their site.
We are displeased with their lies. We have no option but to send them straight to the blacklist of Cryptocurrency scams. So make your own decisions, and think very hard before joining.
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Volevo iscrivermi in robotverified ma mi dice che non soporta il mio paese ( italia )
So far the company is paying out. I’ve invested 203 dollars so far since march 14 and your able to withdraw whenever and it appears in your account right away. In the near future they will close down because there ROI is way to high. once investors stop investing they will close down. but for now they are paying.
as of april 2 2018. bitpow stopped paying! definitely a scam!
Yes. As of April 2 they have stopped paying. No more withdrawals. Sucks. They officially are a scam site.