Looking for a cutting-edge BitBIOS Review? Are you expecting a Bitcoin investment site that will deliver a standard 10% return on your deposit every single day? Well, the bad news is that you’ll need to keep looking because BitBIOS is a complete scam! Unfortunately, and just like the vast majority of recent sites claiming to mine/trade cryptocurrencies, there’s absolutely no proof that this is in any way a legitimate service. On the other hand, there’s a mountain of evidence that BitBIOS scam company cannot be trusted – at least not enough to be a viable choice for any serious investor.
As this BitBIOS review will demonstrate, this is another UK based crypto scam that masquerades as being a legitimate company – but is in truth extremely untrustworthy. Already people are reporting massive issues with attempting to withdraw their deposits and ‘profits’ – the hallmark signs of a total Ponzi scam. Read on for the reasons why investing in BitBIOS Investment plans are a terribly bad idea.
- 1 BitBIOS Review- Is BitBIOS.Ltd A Legit Cloud Mining Company Or A Scam?
- 2 What Does BitBIOS Company Claim To Offer?
- 3 BitBIOS Investment Plans. Are They Profitable?
- 4 Is BitBIOS Website FCA Approved?
- 5 BitBIOS Withdrawals & Profit:
- 6 Why Is BitBIOS A Scam?
- 7 Conclusion- Do Not Invest in BitBIOS Bitcoin mining Scam!
BitBIOS Review- Is BitBIOS.Ltd A Legit Cloud Mining Company Or A Scam?
For those not in the know, Househash is another very recent arrival on the crypto ‘mining’ scene that has already been proven to be very untrustworthy. They promise a lower – yet still utterly unrealistic – return compared to BitBIOS profits, yet share quite a few features. It isn’t a cloned site – they are actually very different styles but seem to be based on curiously similar principles.
Both BitBIOS website and HouseHash website have uncannily similar layouts. They combine all the ‘buzz-words’ anyone interested in making money with cryptocurrencies would be looking for. The peculiar aspect is that they are used haphazardly and presented in a fashion akin to a high-pressure sales presentation. Neither display any actual proof that they can deliver their projected returns. Any legitimate trading site would go to extraordinary lengths to provide performance data – as well as lengthy disclaimers that cryptocurrencies can be unstable and frequently suffer sudden, crippling losses.
As I stated in this BitBIOS review before, this fact isn’t the best slogan for advertising any financial investment – which is why neither the HouseHash or BitBIOS scam website uses them. Instead, they are geared purely in attempting to recruit as many members as fast as possible, just like a standard Ponzi scam.
What Does BitBIOS Company Claim To Offer?
In a nutshell – a calculator! This is the key feature of their website and suggests the staggering returns supposedly available depending on how much cash a client chooses to trust them with. There are three different tiers available depending upon the size of funds deposited. Naturally, these are far more ‘rewarding’ the higher someone goes, although 10%/daily is the promised minimum BitBIOS BTC return.
Without discussing their eye-catching profit chart, this BitBIOS review could not go further.The parallels with HashHouse are again apparent. In that case, they offer a comparatively modest (yet utterly ludicrous) 657% return every year. BitBIOS.ltd will be offering 3650%, which in our opinion suggest that this is a site aimed squarely at the even less informed groups of potential investors. Sure, there’s plenty of money to be made in the cryptocurrency – but nothing close to that amount, and certainly not in a guaranteed fashion. Is it reasonable to assume that a brand new group – with utterly no proof of performance – will have suddenly devised by far and away the world’s most reliable and successful trading bot? Hardly likely!
BitBIOS Investment Plans. Are They Profitable?
Anyone looking to deal with an online investment company must ask this question above all others. After a little digging about, it becomes clear that they are at best very shady and at worst very deceitful.
Like we discussed earlier in this BitBIOS review, BitBIOS scam company claims to be registered in London and operate from premises in a fashionable yet heavily populated district. If this is to be believed, don’t be expecting anything like a professional office complex. It is more likely a laptop in a shared flat! Truth be told, and much as we support entrepreneurial spirit, this really doesn’t inspire confidence.
Why? Quite simply because their claims are ludicrous – and not just their promised returns for all BitBIOS members. Their website proudly claims to have already returned a total of over $3000 to 600 investors over their first five days. That’s based on a total $22,678.88 amount deposited. If they’re delivering 10%/day – shouldn’t that return be considerably more than that? Perhaps they ought to take a look at the quality of their calculators…
Is BitBIOS Website FCA Approved?
Rather amazingly, their claims to be regulated by the FCA are actually true. This provides legal protection for anyone across the EU – not just UK citizens. Could it genuinely be the case that BitBIOS Crypto mining company is a legitimate young company setting out on what promises to be a bright future?
This is a key aspect of their promotional plan. Furthermore, it implies quite clearly in this BitBIOS review that whoever is running BitBIOS BTC site (just like HouseHash) has made some effort designing the BitBIOS scam. Being regulated is all well and good – such status ought to be one of the first things anyone looks out for. But it’s hardly foolproof.
Thousands of people in the UK alone are prosecuted for fraud every year. Many of them will also have registered companies. To put it simply – there’s not much actually stopping those behind the BitBIOS Investment plans from just closing their servers and eloping overseas when the time is right. It is based entirely on trust – yet they do not provide any evidence to suggest they are actually trustworthy!
The legal regulation provides a useful guide for selecting companies which have seizable material assets should the worst case scenario occur. All indications we have in this BitBIOS review suggest that this is a scam.
BitBIOS Withdrawals & Profit:
Just like any Ponzi scam, the actual money anyone can expect to earn using BitBIOS website will be via their affiliate system. This is almost identical to that offered by HouseHash. It is too early to say one way or another if anyone has actually been able to make a withdrawal from their service. Seeing as their absurd claims to have already paid out thousands just after launching are totally unproven, it’s safe to assume not.
Why Is BitBIOS A Scam?
Crazy promises of potential earnings, based upon currencies that are notoriously volatile. If BitBIOS.LTD was a legit company like the BitBIOS reviews are saying, it’d be a worldwide sensation. Those running BitBIOS scam are directly trying to appeal to people who want to get into cryptocurrency investments, yet have little understanding of what is realistically possible.
Sure the likes of Bitcoin have enjoyed considerable overall growth this year, and well worth considering for a portfolio investment. But there’s no way it’ll convert a $10 bill into thousands by this time next year.
It is instead a Ponzi scam that will only conclude their business when they run out of more tall tales to tell. Then BitBIOS BTC will vanish – along with every penny that has been deposited with them. Sure there’s a slim chance that early investors/victims will be able to receive a payout here or there, but only via the affiliate program. Think about it:
At the highest reward possible, you’ll allegedly receive 7% of the capital deposited. What happens to the other 93% – let alone your own sizable deposit? It will be converted into cryptocurrencies and never to be seen again.
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Conclusion- Do Not Invest in BitBIOS Bitcoin mining Scam!
As we’ve discussed throughout this BitBIOS review, there’s clearly some real thought been applied to designing this scam. It isn’t anything that a typical investor would dream of getting involved with – their claims of such enormous profits are beyond absurd. Instead, this is a scam that is totally geared towards trying to appeal to fresh, novice clients who quite simply haven’t performed any research. There is no way of earning a 10% daily return on any investment model. Anything claiming to do so cannot be trusted.
The only people who could realistically earn a little using the BitBIOS crypto mining solution are those willing to help spread it. Even then, the earnings will unlikely come close to even recouping your initial deposit – which is already lined up to be stolen by the crooks running BitBIOS scam. Ignore their claims for being regulated and responsible, because their business model is totally uncreditable.