BitConnect is a Bitcoin and Crypto community platform which provides multiple investment opportunities. We have done an extensive research and found evidence to prove the BitConnect scam! Here is our legitimate BitConnect Review. Find out why its a fraud!
Recently, a lot of attention has been drawn by many to the make money online niche or rather cryptocurrency niche by the name Bit Connect. Numerous related platforms have also come about claiming to be the best opportunities for people to make money but the reality on the ground is that many of these money making niche are scams. To start with, BitConnect scam is one major scam that I want to perfectly be honest with. On that note, let us try to look at some further details in as much as BitConnect reviews are concerned.
- 1 BitConnect Review – A Scam Crypto Community Exposed With Proofs!
- 2 What are the BitConnect Crypto Products?
- 3 Bit Connect Mining Company has a Shady Background
- 4 The BitConnect Coin Price and Registration Fees!
- 5 BitConnect Bitcoin Lending Plan is Not that Worthy!
- 6 Why BitConnect BTC App a Scam?
- 7 Conclusion – BitConnect Software is Scam. Beware!
BitConnect Review – A Scam Crypto Community Exposed With Proofs!
BitConnect scam is one of the new MLM opportunities that should highly be regarded has a scam. It’s actually a crypto and Bitcoin community developed in the wild by a group of unknown programmers using their personal cryptocurrency Bit Connect coin price for the lending operations of BitConnect review website. Additionally, BitConnect lending is one platform with no clear information about its background and this can just be proved by looking at their official website. There is no mention where the company is physically based out of when it was founded and who exactly owns it. Moreover, its domain (bitconnect.co) was actually registered on 9th February 2016 but it’s very hard to determine where it was registered and who owns it since it was done privately. As if not enough, I have actually joined them and I can honestly say that the BitConnect scam system is one scam that nobody should be interested to join.
Official Website: bitconnect.co
What are the BitConnect Crypto Products?
The BitConnect scam website does not actually provide any digital or physical products. There are actually no goods and services that are offered there and this means that nothing is being sold to wholesale or retail customers. The only thing provided is a show of opportunities that can enable you to earn on a daily basis from the money you invested via an affiliate programme provided by them. In a nutshell, this means that there is no retail activity provided in this opportunity which is literary unexpected in any MLM opportunity. This is a crystal-clear indication that something fishy is happening and nobody would want to be part of. What basically this entire system means is that you can only get your daily return after you put your Bitcoin into your BitConnect exchange account. On depositing, the Bitcoins becomes your BitConnect coins which will be used as your Return on Investment (ROI) the BitConnect review Company to pay your daily returns. All the BitConnect ROIs claim that they are priced at a profit of 40% of the amount that you invest to the organization and if you join their affiliate program in the BitConnect mining platform you are also entitled to the earning.
Bit Connect Mining Company has a Shady Background
BitConnect Software Company is generally an investment platform that was started at around the start of 2016. Although I consider it a scam the system claims to allow you invest and importantly trade cryptocurrencies as you earn your daily returns. However, the company lacks detailed information about its background, the owner and where exactly it’s based at. All this information is not indicated on their official BitConnect scam website giving a clear indication it’s a scam that is trying get money from the public. One disturbing thing about the company that has really made many raise questions is the fact that it is privately registered. This is all for the reason to hide its identity so that the owners and its location cannot be traced. From an honest perspective, it’s only a scam that behaves in the manner in which BitConnect review Company operates. This is a major risk for anyone who wants to participate with BitConnect scam Company since it’s indeed a Ponzi scheme. Some of the weird aspects of BitConnect Cryptocurrency Company are as follows:
- Its website has a lot of spelling mistakes.
- It hasn’t at all responded to any of the issues asked by users concerning the support ticket.
- The payback interest for BitConnect app is in USD instead of cryptocurrency.
- Its website entirely looks as a scam.
The BitConnect Coin Price and Registration Fees!
With no limitation, joining Bit Connect Crypto Mining is entirely free. Additionally, there are no recurrent charges undertaken after you have joined the company. However, for you to join the affiliate programme, start earning returns and importantly be part of the compensation plan, you have to pay an upfront investment fee that ranges between $100 and $100, 000. This means that there are no free services offered by the BitConnect review community and you have to recruit some people or invest for you to earn some profit. From a general look, this seems to be entirely risky and on the higher end a Ponzi scheme. This is actually what other cryptocurrency organization that has been found to be scams do and BitConnect scam cannot be less but a victim of the sort. What exactly happens is that the investors are paid with the money of new investors but when this no longer becomes an option the entire company shuts down due to incapacities to meet the crazy demands of their investors. The remaining funds of the investors disappear and never to be heard of again.
BitConnect Bitcoin Lending Plan is Not that Worthy!
When it comes to the BitConnect MLM compensation plan, affiliates can actually earn daily returns by investing either USD or bitcoin. The daily returns to the investors are actually the way in which the company pays their members in form of ROI and it is greatly determined by the amount money an individual has invested into BitConnect community platform website. The investment levels put in place by the organization are as follows:
- $100-$1000 worth of investment receives 40% monthly ROI for a period of 299days
- $1010-$5000 worth of investment gets access to 40% monthly ROL for a period of 239days plus a bonus of 23.9%.
- $5010-$10,000 worth of investment receives 40% monthly ROI for a period of 179days plus a bonus of 35.9%
- $10,010-$100,000 worth of investment gets access to 40% monthly ROI for a period of 120 days plus a bonus of 30% offered.
Why BitConnect BTC App a Scam?
From an honest perspective, BitConnect BCC is entirely a scam that you will join at your own peril. From the point of my knowledge, only the first few investors in Bit Connect coin will benefit a large population will lose their money and never to hear about BitConnect lending service again. Some of the major reasons that make BitConnect reviews prove that a scam is as followed.
- The platform has not responded my support ticket issue.
- BitConnect platform website has a lot of spelling and grammar mistakes indicating it to be a scam.
- BitConnect calculator pays its back interests to inform of USD instead of cryptocurrency.
- Its website is privately registered.
- Its website does not give the background information of the company, the owner and where it’s located.
Conclusion – BitConnect Software is Scam. Beware!
I cannot at all recommend anyone to join BitConnect scam. I just feel this is a risky business platform that newbies and anyone can easily lose his money. This is entirely a Ponzi scheme that can be termed as fraudulent and confusing to its clients. BitConnect review website doesn’t actually offer everything that it claims to its investors. Additionally, the system uses a variable ROI with their anonymous admin from the behind scenes who are able to gather sufficient amount of cash and sneak never to be heard of again. Think twice before you become a victim of fraudulent.