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Crypto-bit.biz Review: Nasty Cryptocurrency Scam

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Crypto-bit.biz Review: Nasty Cryptocurrency Scam

Crypto-bit.biz is a rebirth of numerous businesses that claim to be dealing with various assets. Crypto-bit.biz operates in the banking field and focuses on IT solutions and software, property business, agro crypto trading.

The platform brags about real-life organizations and businesses; however, no evidence to support their great performance.

Crypto-bit.biz insists that most of their businesses have been running for more than five years, and claim they have the required experience in the crypto world.

The platform assures investors stable and effortless profits. How they plan to generate the profits, however, is not clear and shows shadiness in their dealings.

The platform, like most Ponzi schemes, features a made-up certificate. The platform is registered under company number 12526758. Nothing the platform offers makes sense, and every expert investor will notice the loopholes.

The platform operates weekly, and the only method they accept payment is via Perfect Money. Keen investors will realize that this platform does not offer the returns they promise.

Crypto-bit.biz features a testimonials section which many newbies might fall for. The fake testimonials feature short messages from random people attesting to returns generated. Members claim that the company is legit and has made them rich.

The only thing you may have is nothing but regrets once you deposit money in this Ponzi scheme. Invest with credible investment companies in the market that have outstanding reviews from their clients.

Crypto-bit Review

Crypto-bit has a history section that shows their daily growth over the years. Investors are promised a great experience, and use of the best technology.

Crypto-bit assures investors that they will enjoy the best plans in the market and will generate high profits from crypto trading and their other related business.

The fact that they will give you high returns is doubtful because the company does not disclose the business model that they utilize.

Crypto-bit brags of being the best digital currency platform best in the market. Sadly, there are not among the top companies.

The crypto world is vast growing, and the high-profit margin was quickly attainable in the past. Pyramid schemes have plagued the market, and they are taking advantage of innocent investors who lack basic knowledge of how crypto works.

Crypto-bit has a section showcasing the CEO and the signature of the founder. These are stock image, and it makes it harder to trust whatever they promise to give you as returns.

Crypto-bit.biz Funds Safety, and Security

The platform offers a statistic section showcasing several satisfied clients. This data, however, should not lure you into dealing with them as you may end up losing your hard-earned income.

Crypto-bit.biz only focuses on deposit, and once they have your funds, chances of hearing from them are very minimal.

The Ponzi scheme displays its current withdrawal, and deposit in their site. The data is bogus, and there is a high chance they manipulate the data.

As you read this review further, you will find out more concerning their regulation and certification. The platform is not safe to trade in; they have not disclosed their bank information to the public.

Crypto-bit.biz Contact Support and Regulation

The platform states their office location is in the UK, and their address is 100-113 Chancery Lane Holborn, London, United Kingdom, WC2A 1PL City.

During our research we did found out their address is just made up and does not exist. The majority of countries have set mandatory regulations and guidelines for most trade platforms.

In the UK, legal companies need to be registered under FCA, and they have put up a registration form on their website to confuse investors.

Crypto-bit.biz may intentionally go against the law whenever they please and are not traceable easily. They risk criminal prosecutions and even jail time once authorities get hold of them.

Crypto-bit.biz Scam Review, Crypto-bit.biz Platform

For any platform to be given the ability to generate funds from the public proper documentation and verification by legal bodies is compulsory.

You need to be aware of such a red flag and avoid these platforms or risk losing money.The shady platform does not display any telephone information in their site.

The only reason Crypto-bit.biz does not have contact information is simply to avoid getting caught by the authority. Crypto-bit.biz only way you may have hope of reaching them is via email at [email protected], but don’t get your hopes high as they may never get back to you.

Crypto-bit Investment plans

The trait of promising higher returns to generate more innocent investors in a pyramid scheme platform is so common. Crypto-bit.biz company gives investors three investment plans.

The plans promise investors daily lifetime returns and a calculator that approximate daily returns. The first plan is the Standard, and it offers 7% daily for a lifetime to its clients. They guarantee a 0.29% hourly return in this plan. The minimum deposit is $15, and the maximum deposit of $499.

Crypto-bit.biz Review, Crypto-bit.biz Plan

A business plan offers 9% daily for a lifetime. 0.38% hourly and a maximum deposit of $999. The executive plan offers 11% daily lifetime returns and 0.46% per hour, and you can deposit as much money as you please.

Experienced traders in the market will keep off this company, since their figures are not attainable within the set period. Like every other business, the crypto market has vast competition, and patience and time is a crucial factor you need to observe.

Affiliate Program

The majority of Pyramid schemes survive only by generating traffic to their websites. In their affiliate program they urge their already existing clients to fish in as many people as they can.

The investment company promise users a certain bonus depending on the number of investors you bring. Crypto-bit.biz pledges to enhance collaboration among investors, non-investors, and the owners of the platform.

Crypto-bit Review, Crypto-bit Affiliate Program

Crypto-bit.biz affiliate program offers three levels on its referral program. The first level offers a 7% commission. The next level offers 2% commission from any person that your referral manages to invite.

The last invite plan offers a 1% commission with no limit to the referral number you can invite. Keep in mind that the operation of a Ponzi scheme only benefits themselves in the long run.

Crypto-bit.biz Final Verdict

The platform is, in no doubt, a professional scam targeting investors’ funds. The fact that no withdrawal procedure is a red flag.

Failure to provide legal information and regulative information means you are dealing with criminals who risk prosecution. The company does not offer any bank information; hence you will never realize how the funds are being handled and by who.

Investors deserve the knowledge of company founders to gain the trust of these platforms. Always research before you invest your money in any online venture. There are genuine crypto companies that you can earn profits.

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