Bitcoinsquare.org Reviews Bitcoin Square, Yet Another Scam or Legit

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Bitcoinsquare.org Reviews: Bitcoin Square, Yet Another Scam or Legit?

Bitcoin Square Review: Scam or genuine investment? BitcoinSquare Org claims it can help you grow your money. Is bitcoinsquare.org really paying? 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 we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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BitcoinSquare Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam 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 like the USA are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

The Difference Between a SCAM and Genuine Investment

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Bitcoinsquare.org i s not a legitimate investment 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.

Bitcoinsquare.pw Review

Bitcoinsquare.pw claims to be some kind of Bitcoin investment program which supposedly yields returns ranging from 120% – 190% in just 6 days. We both can agree that these claims already smells like scam. The mystery about this firm is that it does not reveal what exactly they do with the funds but nonetheless the risk is enormous and unjustifiable.

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They do claim to offer some carrier opportunity but that is another tactic used by fraudulent platforms to seem reputable. Do not make the mistake of sending them your money, go through our full review which will explain every factor in detail as to why we suggest you to avoid them.

Company and Contact Details

The interest in cryptocurrencies is still present among the masses despite the bear trend from the late 2020. As cryptos boomed many ICO was perpetuated around them have emerged and disappeared with a span of few days.

Bitcoinsquare.pw represents an ICO, they are allegedly involved in trading or mining cryptocurrency and they relay on the money raised from the retail investors to carry out the activities. On the other hand all the investors are supposed to get some returns on their investment as dictated by the contract they select earlier.

Legitimacy is a huge concern for us, when we went thoroughly through the platforms of FCA and FTC. We couldn’t find an ounce of information about these con artists which shows us the undeniable fact that they are operating illegally.

In addition to that this platform also have disappointed us by not sharing any details of their registration or licenses. Why do they have to be so discrete unless they do not want us to find something about them.

There is no contact detail provided by this firm and they do not even have a basic FAQ section. The only way to reach support team is via a contact form put up by them on their platform. Do not expect speedy replies from them as the chances of getting them is next to zero.

How does Bitcoinsquare.pw work ?

This firm claims to be around for more than 5 years which is a bluff. No one knows for sure what they do with the money as they have not publicly acknowledged anything but from their presentation we are guessing that they are either involved with trading or mining. The concerns with both the ways is that we are not briefed about anything.

If we assume that they are trading then how do we know that they are indeed profitable ? The fraudsters behind this company have not put up any plan of action or goals let alone talk about thing like risk control and diversification which are all the integral parts of trading.

For an instance if we believe that they are involved in mining then the income claims will be nothing but dust. So to put things into a clear perspective we do not know or have any solid evidence to verify anything they say.

Are you kind enough to give them the benefit of doubt ? We would never do that.

Returns Offered

The amount of profits these faceless scammers promise makes investment bank’s portfolio look small but sadly they are all fake. We all know it sounds exciting when one is assured the possibility of making money without any sort of efforts and dedication but ask yourself if this preposterous system worked for real, why would anyone give it away for free?

These are the plans advertised by this service-

Varuna

Duration – 2 Days

Min. Deposit – 0.0005 BTC

Loyalty Bonus – Medium

Alura

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Duration – 4 Days

Min. Deposit – 0.001 BTC

Loyalty Bonus – Normal

Lacra

Duration – 6 Days

Min Deposit – 0.0001 BTC

Loyalty Bonus – High

Domain Insightb

The list of details about this domain we extracted from whois.com are as follows.

Registration Date – 03/06/2020

Expiration Date – 003/06/2020

This website ranks 32,535 in Iran and carries a global rank of 91,148 according to alexa traffic ranks. The list of countries they seem to be focusing are Iran, United States, Poland,Brazil and Taiwan.

Is Bitcoinsquare.pw a scam ?

This whole enterprise is a simple 3 to 5 page website containing deceptive tricks and false information. The details of the people working for this firm is kept confidential that is apparently because they are well aware of the consequences of their action.

The entire operational model of this firm is that of a ponzi scheme. In the beginning to attract new participants they will process some withdrawals but once they are at their peak they will disappear causing the scheme to collapse. Take a look at what the victims of this scheme are saying on BeerMoneyForum.

Same here.. the status is paid.. but no visible payment in my wallet.. �� date of paid 7/29/2020 time 1:30pm.. til now didnt receive payment..

Bitcoinsquare.pw Review Conclusion

Bitcoinsquare.pw is a scam which will drain your money if you dare to invest in them. All the withdrawal proofs are fabricated lies and in no way makes them reliable or legitimate.

The carrier opportunity offered by them is another joke, they are doing that only to appear like a reputable service but at the end they are fraud and the amount of evidence supporting it is undeniable. If trading or investing interests you start out by acquiring proper knowledge or guidance.

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NEW bitcoinsquare.net Reviews: SCAM or LEGIT?

    Thread starter Frankicha Start date Feb 21, 2020

Frankicha

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