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Mycryptobit.io Review: Scam Appears Legit Until You’re Suckered

Mycryptobit.io Review: Scam Appears Legit Until You’re Suckered

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What is My Cryptobit? My Cryptobit is a research and media company which claims to research new technologies for investing. They are specifically focused on Crypto currencies hence the name My Cryptobit. They offer a wide range of services which include Crypto news, Coin portfolio, daily Bitcoin analysis, airdrops, ICO recommendations and a full automated Crypto trading service.

At this point, we are interested in seeing their supposed trading results, and if those results are verifiable, it can be a good starting point to recommend My Cryptobit to our readers. This site appears legit at first. But some people have hinted that it is a ponzi scheme, and based on what we see, there is a high chance that there is a ponzi scheme business model behind it.

They even have an app which they use to deliver their services to their customers. They claim that this is the world’s first Crypto currency app which includes all the important info you need to know about Crypto currencies. Well, this sounds like exaggerated statement. We are sure that there are quite plenty of apps that were started long ago before My Cryptobit came into the picture.

It does not appear as if this site will benefit you in the long run. For that reason, we have summarized a few legit resources that you can use for your Crypto currency trading. These options are fully automated and will always make you returns.

My Cryptobit Review

Their airdrop service sounds exaggerated as well as they claim that we can earn up to $1000 a month for free. Their auto trading service, however, is operated like a signal service where they send push notifications and we get to decide whether we are interested in trading the signals. They also claim that they are the expert ICO recommendation specialists. But these experts are anonymous since the digital footprints of the so-called experts cannot be traced.

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Yes, they have a page that is dedicated to their supposed team members. ÖZCAN KÖME is listed as the CEO. There are a bunch of other pictures which supposedly showcase their company representatives. But this information is fictitious since none of these so called professionals have LinkedIn profiles where we can check them out. Chances are that these people are showing us stock photos with fake positions which they are allegedly holding on the My Cryptobit project.

They also claim that their service involves investing in long term coin portfolio and that their ”experts” will guide us when it is the right time to ”take a bag of coin”. This amounts to giving investment advice and as you can see, this is a highly regulated area in any part of the world. That means My Cryptobit cannot legally operate in any of the countries regulating investment advice until they secure a license. This site does not have a license for that purpose.

So we could soon get the news that the FCA has actually blacklisted them the way they have been doing with Crypto currency scams which offer illegal investment advice.

Their daily Bitcoin analysis where they predict what could happen with the market next is however free. What is not clear is whether someone has to download the app in order to get the market commentary. The app also seems to offer more information that what is available on their site.

The investment plans

There are 3 investment plans in total. The list you can spend on a plan is $500, followed by $900 and $1500 respectively. These are all inclusive packages which run for 3 months, 6 months and  1 year respectively.

We assume that each of the plans contain everything that My Cryptobit is offering. However, one thing is quite clear. These plans are costly and we should not be throwing money to these guys if we have not seen their past performance yet. This is very important because they help us identify whether or not My Cryptobit is a good investment.

Trading results

My Cryptobit is quite disappointing because what they list down as trading results is actually unverifiable information which has been published on a table of supposed trades and their results.

We need transparency and we need a way to verify this information. One way of doing so would have been to utilize a statement sharing service like Myfxbook.com. But these guys never bothered to do so because it was their intention to provide dubious trading results in the first place.

They could manipulate those results because nothing stops them from doing so. They claim that those trades were taken from Binance platform but there is always a better way to present past performance which makes it easier for investors to believe them.

However, this is not the case, and this information must never be considered valid proof of trading success.

You need to remember these facts

There are facts to remember when dealing with a site like My Cryptobit. You need to ask yourself whether it is worth paying $500 to purchase the minimum plan that this website is asking for. Is it worth it? If this is the case, what is the qualifying factor to prove that we will get value for money?

We would never invest with a site that does not produce trading results. That’s being too naive and especially if you’re putting in a lot of money like $500.

The second thing that worries us is the fact that the operators behind My Cryptobit are anonymous and are providing us with information which belongs to people who cannot be traced online. Why is this so if the site is legit? Does it mean they are not willing to let us know which people are running the site’s operations?

These questions and concerns must be addressed by My Cryptobit if they want us to build trust towards their service. Otherwise, there is just no way to trust these guys.

Our best advice for you

My Cryptobit could be a dubious site looking steal from you and our best advice is to use these resources instead.

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11 Replies to “Mycryptobit.io Review: Scam Appears Legit Until You’re Suckered”

  1. Ich habe mit Mycrybtobit nur gute Erfahrungen gemacht. Ich kenne au den CEO und die generell die Leute hinter der Firma. Ich habe ein Abo für ein Jahr gelöst und habe bis jetzt rund 570$ Gemacht nach drei Monaten, obwohl ich nur mit 800$ trade als Kapital. Alles in allem richtig coole app woran ich die Zweifel von dem Bericht nicht nachvollzihen kann.

  2. Ich habe mit Mycrybtobit nur gute Erfahrungen gemacht. Ich kenne au den CEO und die generell die Leute hinter der Firma. Ich habe ein Abo für ein Jahr gelöst und habe bis jetzt rund 570$ Gemacht nach drei Monaten, obwohl ich nur mit 800$ trade als Kapital. Alles in allem richtig coole app woran ich die Zweifel von dem Bericht nicht nachvollzihen kann.

  3. Kann ich nicht nachvollziehen. ^^
    Habe auch nur positive Erfahrungen gesammelt. Finde gerade diese Transparenz und Ehrlichkeit der Company ausgezeichnet. Scheint mir ein sehr unseriöser Beitrag zu sein.

  4. Mycryptobit is not focused on the Main Application, its focused to make marketing with high profits look at all the CryptoNRG and mycryptobit people, they Post the “profits” in their stories and write “Write us to make profits now!” textes like this everyday. They Talk about how good is life, how they quit their jobs and now are “selfsempl.”. They also report all the negativ comments on the Google Play, they are many people all of them reports. Look at the Team, all young pple, they are simple to manipulate and know other pple wich are also simple to manipulate. The Company is “Registerd” in UK, but they are in Switzerland. They Talk about big profits (over 100%!!!!) but they dont Register the Company in Switzerland (GmbH) for 20’000 swiss Franks. They are pro scammers.

  5. Man muss hierbei beachten da** man sein Geld nicht bei MyCryptoBit anlegt sondern nur dafür bezahlt diese “Tipps” zu bekommen. Dennoch ist das ganze System wieder mal wie ein Ponzi aufgebaut. In diversen Foren findet man die gleichen alten Bekannten welche immer bei berüchtigten MLM Systemen partizipieren. Es werden auch wieder Iphones, Macbooks und Autos als Benefits versprochen und Anteile am Gesamtumsatz der Company versprochen. Die Gründer kommen des Weiteren von Forever Living Products, einem der weltweit größten Schneeballsysteme. Informieren Sie sich hierzu gerne bei Wikipedia & Co.

    Fakt ist, man zahlt hohe Beträge um die Tipps zu erhalten die aber Morgen schon nicht mehr kommen könnten. Des Weiteren wird die Firma in UK als Briefkastenfirma gegründet und promoted als würde man aus der Schweiz agieren. Diverse andere Ponzi-Scams hatten den Sitz ebenfalls in UK und diesselbe Gesellschaftsstruktur. Die Personen auf der Website sind größtenteils Marionetten, welche wenn man sie googled, nicht den Eindruck erwecken professionelle Trader zu sein.
    Man kann hier jedem nur raten die Finger davon zu la**en, denn wenn eine Website einen mit Renditen jenseits der 2000% überzeugen will, sollten alle Alarmglocken angehen.

  6. Finger weg von Mycryptobit! Der CEO ÖZCAN KÖME hat zusammen mit DAVID BRAS 2017 ein Betreugssystem mit dem Namen Capital Solutions aufgebaut (Auf Google finden sie Bilder) und über 6 Millionen Euro von 1500 Investoren veruntreut. Das System war genau wie Mycryptobit auf MLM aufgebaut. Das Hauptgeschäft von Mycryptobit befindet sich in der Schweiz und Deutschland in keinem der Länder gibt es einen Firmensitz, noch gibt es eine Lizenz für die Tätigkeit von Mycryptobit! Ich habe persönlich sehr schlechte Erfahrungen mit diesen Leuten gesammelt und rate jedem davon ab den selben Fehler zu machen und bei Mycryptobit einzusteigen! Diese Leute sind Betrüger und werden es immer bleiben!

  7. You really should be careful. If you know something about the CEO, you know what he has already deducted. The whole thing is again a scam without a founded company headquarters and about crypto currencies. Therefore it is not traceable. The combination of Switzerland and the UK is perfect for a scam.
    To be fair, it is a smaller Ponzi as relatively small amounts are collected. However, significantly fewer people will deposit than with other Ponzis because the commissions are much lower, i.e. the system will die faster. If no one pays more, the top level will earn nothing and the system will be dead. Then also no more tips will come since the creators of the app have nothing to share these tips with others. All those who have introduced their friends and family to this system will have to answer for themselves.

    Maybe screenshots will be leaked here where you can see exactly the same people who have exactly the same people in their downline as in the last ponzis. Every project looks great again and is plausible because you always rely on the cryptohype.

    1. Habe mir die Review und die Kommentare durchgelesen und war geschockt, was hier wieder für ein Bulls*** erzählt wird. Ich bin seit mehreren Monaten Mitglied bei MCB und muss sagen, es ist das beste Produkt, was ich jemals in einem Network gesehen habe. Ich kenne alle Leute des Management- Teams persönlich und bin von der Transparenz und Leistung des Unternehmens schwerst beeindruckt. Ich würde gerne wissen, mit was für Spielzeugen man in der Kindheit spielen musste, um es nötig zu haben, solche Lügen zu verbreiten. Aber hey…wer selbst nichts auf die Reihe kriegt und unglücklich mit sich selber ist, dem bleibt wohl nichts anderes übrig als die Leute runter zu ziehen, welche etwas aus ihrem Leben machen und grosses erreicht haben. Nur schon bei der Aussage, MLM sei ein Ponzi Schema bekam ich fast Augenkrebs.

  8. Habe mir die Review und die Kommentare durchgelesen und war geschockt, was hier wieder für ein Bulls*** erzählt wird. Ich bin seit mehreren Monaten Mitglied bei MCB und muss sagen, es ist das beste Produkt, was ich jemals in einem Network gesehen habe. Ich kenne alle Leute des Management- Teams persönlich und bin von der Transparenz und Leistung des Unternehmens schwerst beeindruckt. Ich würde gerne wissen, mit was für Spielzeugen man in der Kindheit spielen musste, um es nötig zu haben, solche Lügen zu verbreiten. Aber hey…wer selbst nichts auf die Reihe kriegt und unglücklich mit sich selber ist, dem bleibt wohl nichts anderes übrig als die Leute runter zu ziehen, welche etwas aus ihrem Leben machen und grosses erreicht haben. Nur schon bei der Aussage, MLM sei ein Ponzi Schema bekam ich fast Augenkrebs.

  9. @successor

    Sei doch einfach ehrlich zu dir selbst. Es sind diesselben Leute aktiv welche auch bei Cryp Trade Capital groß dabei waren und genau diesselben Leute wurden wieder angeschrieben um mitzumachen und Leute zu aquirieren. Wer sieht was mit CTC pa**iert ist weiß da** dort Millionen vernichtet wurden. Diese Firma ist wieder 1:1 so aufgebaut, man hat quasi nur die Straßenseite gewechselt.

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