Bitpump.io Review Is Bitpump Scam or Legit Bitcoin Doubler

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Bitpump.io Review: Is Bitpump Scam or Legit Bitcoin Doubler?

Bitpump Review: Scam or legit? bitpump.io claims it could double your bitcoin in 24 hours.. How true is this? Is it Legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Bitpump Doubler, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What Is Bitpump

Bitpump.io is allegedly a doubler platform using a strong 400 Gbps DDoS Protection with 99.9999% up-time guarantee. Complex Layer 7 Protection. Global CDN Acceleration. Global Protected DNS. Web Application Firewall + Certified Domain SSL certificate for secure connection to their website. What this means is that, your bitcoin can not be hacked. How true is this? Can you trust Bitpump.io with your bitcon?

About Bitpump.io Company

Apart from the FAQ section, there isn’t any information on the platform. After a thorough search online we met a dead end. The people behind Bitpump.io are an anonymous lot, you can only contact them using support ticket or email. However, on their FAQ section they claim to place a very high value on transparency. But the otherwise is the case

How Does Bitpump.io Work

The people behind this platform are not saying much. In their FAQ section they claim they do not charge any fee for their services or use of BitPump webisite. That leaves us with the thought ‘How do Bitpump.io generate their profits?’ If they are doubling your bitcoin for free, how and where are they getting the extra bitcoin? They provided an answer to this question, saying; In BitPump you do not have to sign contracts. There are no creditors and no debtors. In fact, everything is very simple: one participant asks for help — the other helps. All profits are provided by new investments. Sounds fishy right? You have every reason to be suspicious of Bitpump.

Bitpump.io Scam Review: Disturbing Things Found

Though this platform might appear legit to a newbie, the truth is that it is just a wishy washy site built with the intention of scamming eager investors. This can be seen from the unrealistic claim it makes of doubling your bitcoin and the lucrative affiliate program. This is a type of method of scamming unsuspecting investors. Most of this quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

OUR VERDICT- SCAM !

A lot of people would try to tell you otherwise but the truth remains that the people behind this platform will not see the light of many days. They might pay initial investors, but like other HYIP’s, one day they will abscond with your money when there are not enough deposits.

bitpump.io is not a legit doubler platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

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Bitcoinvest.co.in Review: Returned Bitcoinvest Doubler Scam!

Bitcoinvest Review: Scam or legit? bitcoinvest.co.in claims it could double your bitcoin in 24 hours.. How true is this? Is Bitcoinvest Legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Bitcoinvest.co.in we provide you information based on our investigations and user experiences to help guide you make the proper decision.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

What Should I Know About Bitcoinvest.co.in

Bitcoinvest.co.in is a bitcoin doubler platform that offers 400% Return on Your Investment in Only 30 Days. Bitcoinvest is operated by a team of trading brokers from NYC with over 30 years experience in trading stocks, and 5 years experience in trading cryptocurrency. They are however anonymous, claiming it is so because they own some pretty impressive stock. It will be childish and plain stupid of them to reveal their real names, social profiles or phone numbers. The question now is; How Legit is Bitcoinvest ? Can I trust Bitcoinvest.co.in with my bitcon? Is Bitcoinvest.co.in Scam

About Bitcoinvest Company

No matter how presentable this platform is, the truth will always be told. Bitcoinvest has a bad name in the HYIP world. No matter how legit they appear the truth remains that the people behind this shady company are scammers who have dealt a huge blow to unsuspecting Investors. A search on google would reveal negative reviews about the company Bitcoinvest. Bitcoinvest has operated under different domains; bitcoinvest.cc, bitcoinvest.click. Today these sites are no more functioning as a result of customer complaints because of its fraudulent practices. Bitcoinvest.co.in is just its latest platform for scamming investors.

Bitcoinvest.co.in Scam Review: Disturbing Things Found

Though this platform might appear legit to a newbie, the truth is that it is just a wishy washy site built with the intention of scamming eager investors. This can be seen from the unrealistic claim it makes of doubling your bitcoin and the lucrative affiliate program. This is a type of method of scamming unsuspecting investors. Most of this quick-profit investment schemes are HYIPs.

What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

OUR VERDICT- SCAM !

A lot of people would try to tell you otherwise but the truth remains that this platform will not see the light of many days.Don’t allow the customer reviews on their platform scam you into making a deposit. The truth is that most of those comments are doctored, the admin editing the negative reviews. Bitcoinvest.co.in might pay initial investors, but one day they will abscond with your money when there are not enough deposits. No Platform can double your bitcoin!

bitcoinvest.co.in is not a legit doubler platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

How to Red Flag Scams: Bitcoin Doubler Club, Cryptomia247, Mining Cheap, Orelex, and Wintrust

Last week’s news.Bitcoin.com post warning about common bitcoin scams like “The Bitcoin Code” elicited a plethora of comments and suggestions from readers, asking about and reporting other platforms and services claiming to provide bitcoin investment opportunities. This article examines some of these, and most importantly seeks to provide readers with basic tips for recognizing the general MO of these scam sites before their wallet is SOL.

How to Spot a Scam

When the bitcoin price goes up, and times are already hard for so many individuals financially, scammers have an ideal market for working their wiles and taking naive and unsuspecting victims for all the crypto they can.

As was emphasized in the previous article on the topic, the number one giveaway that something is a scam remains unchanged: if it sounds too good to be true, it almost always is. So before ending up rekt by trying to get rich quick, readers should have a look at the popular scams below and get a feel for their respective modi operandi.

Bitcoindoubler.club

As will quickly become apparent, many scams operate on this template:

  1. Wow victims with too-good-to-be-true promises of financial gains and returns.
  2. Get the user to register an email address or bitcoin address to provide an air of legitimacy.
  3. Have users make their first (and last) deposit.

Bitcoindoubler.club is no different. It is easy to recognize as a scam from the concept itself. Nobody can double someone’s bitcoins in 24 hours as a free service. The introductory text on the website also gives it away:

“We produce bitcoin mining machines that work extremely high levels,” is a vague statement with no real meaning. Notice the awkward English, big promises and bad grammar:

Yes you did not hear wrong, now this service is still paying. Surprisingly, you cannot experience unwanted events. Remember, our goal is to please you .. There is no better advertising marketing than this. Attention: There are many similar sites on the market. Ignore them! Check your address bar! It is a certified and verified system!

This site says there is no way to lose. In investing, however — as any experienced individual knows — there are always many ways to lose. Bitcoindoubler.club demands a minimum 0.003 BTC deposit to participate which, if sent, will be gone forever in a flash.

Wintrust Expert Options

The “Wintrust Expert Options” scam provides a little comic relief with its unique selling point of “beautiful managers in video chat.” It should go without saying though that such a detail is probably impertinent to the operations of any legit forex and crypto investment service.

Like the bitcoin doubler club site, this one promises returns in crypto trading (which are never a guarantee) in a remarkably short time period: “Invest and earn up to 95% in 60 seconds.” Though the sales pitch is different, with Wintrust focusing on trading, and the doubler site focusing on some vague mining magic, the underlying ripoff is the same: sign up, deposit money (either crypto or fiat in this case) and lose it.

When news.Bitcoin.com attempted to use the 24/7 live chat assistance to ask about a platform demo, not surprisingly, no one answered.

Note the vague and meaningless claims. “Regulated.”

Orelex

When your team looks this stock photo-y, watch out — you’re probably a scam. The page for “Orelex Financial Services” features a stock image that is easily reverse image searched on Google, revealing that the airbrushed characters in the picture are certainly not the Orelex team.

Investing in “crypography technology” the site promises users ” Sustainable Earnings = Master Business Plan X Customer Certainty.” If the spelling errors and bad grammar are not convincing enough, questionable testimonials from users (another common element of scam pages) saying things like “everythin is good” and multiple repeated comments are further red flags. Plus, the social media links do not lead anywhere. In short, users who don’t want their crypto wallets to be as broke as the site should steer clear.

Miningcheap.io

Another common front for bitcoin scams is to pose as a mining pool. While mining bitcoin can indeed be profitable, it is not effortless, and the fake mining websites give themselves away in the same manner as the others, promising easy gains via vague language designed to dupe those who haven’t done their due diligence in learning about the topic.

Mining Cheap says they are “an industry leading Bitcoin mining pool,” but a quick check of prominent bitcoin pools doesn’t show them anywhere to be found. The site also tries to combine gambling with mining, by giving those that make a deposit “free spins.” Similar fake mining sites exist, so those interested in joining a real mining pool as an investment should be sure to examine all possible options with a very critical eye. Like the other scams Mining Cheap has users sign up, make a deposit, and then promises quick returns which never come.

Cryptomia247

Cryptomia247 is a fake trading website promising an alluring lifestyle of wealthy digital nomadism:

After you have made a deposit, there is nothing else to do except watch your earnings grow in your account every day. This can be fun, because it means you can be anywhere you want to be in the world, and your capital will still be growing in your account every day, even without you doing anything!

The site features the now familiar one-two-three pattern of promise, register/deposit, lose. The giveaways of poor web design, broken links, and nonsensical offers described in poor English are also present.

Cryptomia247’s plan description is accidentally honest. The money deposited will indeed be gone forever.

Noticing Patterns to Stay Safe

It would be impossible to list all the hundreds or possibly thousands of similar bitcoin and crypto scam sites on the internet today. Those who have shiny bitcoin “B” signs in their eyes would do well to step back and closely examine any site promising them the financial world on a platter for next to nothing; because while investing in the scams listed above may pay for a yacht or nice lifestyle, rest assured it won’t be the victim’s.

Thankfully there are plenty of sound investment, trading, and mining opportunities out there, but they all require something scam platforms do not: hard work, time, and due diligence in research.

What other scam sites are you aware of? What are some other common red flags? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock, fair use.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

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