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Bitcoin Profit 2020 Review: Another Infamous Ponzi Scheme

Bitcoin Profit 2020 Review: Another Infamous Ponzi Scheme

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Bitcoin Profit is one of those Ponzi schemes that are so obvious. It does not require to have any knowledge to realize that this is a scam venture. There are several other fraudulent systems like this one that has plagued the market.

They are promising investors an opportunity to make millions even when the market is unfavorable. Their website has all forms of information that entice novice traders. You will not find any expert Trader wasting their time in such an entity.

The company requires you to sign up using your name and email to guide you through the process. They feature a video that talks about Bitcoin as a currency. Investors should not mistake this as an endorsement for Bitcoin Profit.

They have a 30-day free trial that the firm is luring investors with. The platform has a peculiar domain name, and we do not understand why they are anonymously operating if what the firm is offering is legit.

You need to deposit an amount of $250 for you to enjoy the services of this platform. However, you will not get your capital or any profit from this shady firm. You would instead donate the amount that gives it to these fraudsters.

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They have an FAQ page. Unfortunately, it does not answer any critical questions. The platform should be avoided because it is just another waste of cyberspace. Bitcoin Profit is not scared of using false information to win over customers.

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The platform is being heavily advertised in the market by affiliate marketers. Keep in mind that these people are getting a cut for every new client they manage to sign up. You should be very cautious not to lose money.

The markers have nothing to lose, and when you research this entity, you will encounter a lot of negative reviews. We are, however, dedicated to presenting legit information to investors to ensure you don’t end up losing funds to these culprits.

Legit crypto investment companies are transparent with their founder information. They will only partner with regulated ventures. Additionally, you will be able to see their performance and accomplishment.

The company in their sale video they feature Richard Branson, Billy Gates among other celebrity. The information is false, and you should not believe the narrative of this scam. Bitcoin Profit is working together with unregulated brokers in the market.

To those who are still doubting that this is a scam, we will show you all the red flags that this entity has. Additionally, several firms claim to be the original company, but all of them are fraudsters. If you missed the train, this platform has also changed its name to Profit Bitcoin.

The company is the same, nothing much or different. Once they are exposed, it is their custom to change the domain name. The entity is only trading with shady brokers that are located in offshore countries. One of them is My Coin Banking and Cryptonix Team. Both of them are unregulated, and not once you sign up with them you will lose money.

How Does Bitcoin Profit Work

We have discussed over and over again, how this fraudulent system works. They are only fishing clients for brokers that are not licensed. In reality, they do not even have a trading software. The only thing that these platforms are good at is a marketing strategy.

Otherwise, no trading services a Ponzi scheme will even aim to have an accuracy of over 90, which is absurd. The domain of this company was registered in February 2020. Their system will collapse within a year.

Withdrawal and Deposit

The platform does not shed light on the withdrawal requirements. They only discuss the amount of money that you need to cash an amount of $250. However, we also do not know the methods that you can use to cash in or out of money.

They have partnered with brokers in the industry. However, we are not aware of the requirements that you need to meet. It has been reported that Bitcoin Profits is working with shady ventures.

You can expect all sorts of unprofessional treatment from this venture. Their terms and conditions will change to serve their greedy cause. Additionally, you will suffer from security matters.

Regulatory Status

Bitcoin Profit is a company that is not licensed by any financial watchdog in the market. Nobody in their right mind would trust such a scam. Further, no government would permit the venture to collect money from its citizens.

Therefore, they are conducting their business unlawfully and risk facing criminal charges. You should refrain from trusting this fraudulent system because you won’t make any profits.

Your money, as well as personal data, is not secure on their website. Visiting their website ain’t safe as you can suffer an attack of malware. In general, stay away from when you still can.

Customer Support

One of the things that you look for when investing in the quality of customer support that a company is offering. Nobody would settle for an entity that does not have a professional support team.

In the case of Bitcoin Profit, this entity is different; they do not have any method that their clients can use to contact them. With such signs, you are sure that you are dealing with a scam entity.

A legit company would not risk its PR in such a manner. You should ask yourself in case you encounter a problem where you will run to? Who will help you to resolve the issue? Our best advice is to try other investment ventures in the industry that have a sober system.

Fake Testimonials

One of the sections that investors usually visit to determine the credibility of an entity is the testimonial area. However, Ponzi schemes have made sure that we can no longer rely on the data because they pay an individual to leave positive endorsement.

The people that this company features on their website have not tried the service of Bitcoin Profit. They pay a few penny to investors to claim they have earned a fortune.

You can check for clients feedback in third party Platform. Also, ensure you use logic. If some claim to have earned an unrealistic amount of money, you should not buy the narrative. Ask for proof of payment, and of course, most people will not provide this information.

The reason being they are bluffing and haven’t earned a dime. Ponzi scheme will purchase a gig from a fiver for someone to endorse them. It is high time they try using a new catch.

Final Verdict

Bitcoin Profit is a Ponzi scheme that has nothing to offer investors. The company is operating against the law as they do not have a license. Moreover, the company also does not have a convenient method of communication.

You will risk your safety by trading with this platform. You can invest with a legit crypto trading company in the market. A trustworthy venture cares about your experience. Additionally, they will be in the market for a very long time.

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