If you are looking for a legitimate BitConnect Review, you should definitely read this review in which I am going to expose the BitConnect scam Bitcoin cryptocurrency has been on the market for so long that a lot of platforms are claiming to be able to trade for investors and help them make a lot of money in a very short while. The BitConnect lending platform is no different from other platforms out there who give their investors high bills to trade and in turn make unbiased promises.
- 1 BitConnect Review- Another MLM Structured Crypto Scam Exposed!
- 2 What is Bitconnect and What Is BCC? Review !
- 3 The BitConnect Products Are Sold By Old MLM Tactics!
- 4 About The BitConnect Crypto Coin Company
- 5 The BitConnect Website’s Registration Is Not Really Free!
- 6 Why Shouldn’t You Invest In Bitconnect Compensation Plan?
- 7 Is BitConnect Daily Interest Scheme a Scam?
- 8 → Also Check Our Recommended BO Systems ←
- 9 Conclusion- It’s Not Like BitCoin. BitConnect Coin Will Lead You to a Big Loss. Stay Away!
BitConnect Review- Another MLM Structured Crypto Scam Exposed!
The BitConnect Crypto Mining app is one platform that has been trending for a long while, day by day unsuspecting investors put their money into this scam and they end up with losses. It is a Ponzi scheme that disguises itself as a bitcoin trading platform. After carefully reading through BitConnect review and looking at their social media accounts, we can boldly say that BitConnect scam system is out to take your hard earned money and in return, they will not produce any real profits. Before you start trading in any cryptocurrency platform, we always advise that you research on these systems and gather enough evidence if they are scams or not. This Bitconnect review will outline detailed information on why this platform should not be trusted. We would not want you to lose your money to any scheme which acts like a trading system.
Official Website: https://bitconnect.co/
What is Bitconnect and What Is BCC? Review !
The Bitconnect is a cryptocurrency platform which has its own Bitconnect coins (BCC), it claims it is free from government and economic impacts on currencies. It also claims that it mines its own coin and has over 28 million coins in existence and right now only 5 million is being used by the public while the other 23 million is set for activities which involve its supporters. With all these analogies, the Bitconnect BCC platform looks genuine, but in the business of cryptocurrency, there are so many scam systems that you have to be extremely careful which one you are investing in.
When we saw all these hard to believe details on their website, we decided to give it a try and then see what it is really about before writing this BitConnect review. Keep on reading if you are interested in what this BitConnect scam system has to offer. On the Bitconnect website reviews, a lot of details were withheld by the scammers therefore from our speculation, we think this system came into existence in February 2016. Since then it has been trending, on the website, you will see a video and it has a very professional look that can make you actually believe that this system works. But when you dig deeper you will know that this system has nothing good to offer to you than an affiliate marketing link.
The BitConnect Products Are Sold By Old MLM Tactics!
The Bitconnect scam company does not have any physical product that they sell, instead, their members are given affiliate links to share and invite other potential clients to the system. Considering the way cryptocurrency work, this system is not genuine with its investors. You cannot be a platform which does trading for digital currencies and in turn become a platform which does affiliate marketing for another company that poses a broker on your website.
About The BitConnect Crypto Coin Company
The company seems to have been in existence since February 2016, frankly speaking, the bitconnect review company website lacks very crucial information about the company. From its website, all we know about this company is that it is a Ponzi scheme that is out to get you hard earned money.
The BitConnect Website’s Registration Is Not Really Free!
For a scam website, it actually offers a free registration and then gets big investment fees from its investors. Well, obviously there is nothing free about the BitConnect review system if you make an investment between $100 to $100,000. You also have to recruit people if you want to earn from this system. Unfortunately, BitConnect scam system looks like a Ponzi Scheme and high fees is what a lot of these scam websites have in common. They use funds from new members to pay existing members and this continues till they can no longer pay off and then shut down. The crazy returns they promise cannot be met by their members.
Why Shouldn’t You Invest In Bitconnect Compensation Plan?
In other start receiving a daily return on investment, you need to choose the Bitconnect compensation plan. On reaching this stage, we found out that the prices were too high and may not be suitable for the average trader. Also for a bitcoin system, it has so many compensation structures which are based on the funds you invest. They have different levels and in all the levels you are expected to sponsor 2 other affiliates using your affiliate link.
This is how this system works by adopting a pyramid scheme way. Its commission from the first level to the 11th level is 0.01% which is too low, its ROI is 40% any amount that is invested in the Bitconnect scam system. 40% is fair, but let’s be realistic this system will not give such a percentage to anyone and it has not worked for anyone. No positive Bitconnect review says it has successfully paid them the 40% ROI. Any positive BitConnect.co review on the internet is from an investor or from one of its creators.
Is BitConnect Daily Interest Scheme a Scam?
The BitConnect is a scam which has no detailed information on what they have to offer and they are fraudulent in their dealings with their investors. Bitcoin is a genuine currency but the BitConnect is not a genuine platform. Its algorithm and its way of gaining commission are confusing and quite stressful. For a trading system, the BitConnect review website claims it can generate ROI using its trading bot and volatility software. This is one way to get people to invest all their money into the BitConnect scam platform. we have seen a scam like these which look genuine but at the end, they gather up the cash of their investors and end up closing their website. Since they are using a variable ROI it will be easy for them to scam their investors.
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Conclusion- It’s Not Like BitCoin. BitConnect Coin Will Lead You to a Big Loss. Stay Away!
How long will BitConnect Last? It is well known that Scam bitcoin platforms do not last because Investors stop to invest their money into these systems after a while. The affiliate membership of this trading platform makes it difficult for people to trust the system. Any individual which cannot get new investor will actually not earn from this system. This is not supposed to be the way Bitcoin trading platforms work. A drop in investment will be the end of BitConnect review system. Even before the huge drop, there are hundreds of BitConnect complaints are popping up every day. Earning 40% of your Investment daily, it’s just an outrageous claim which is common with scam website which is out to get your money.
The products are not physical and cannot be sold for an MLM company, the creators of this company would have stayed with making it an affiliate marketing company instead of calling it an MLM company because it has none of the features of a cryptocurrency trading company. The bitconnect scam platform is not a genuine trading platform, we recommend that you stay away from this scheme because they do not bring returns but rather take away your hard earned money. There are genuine cryptocurrency platforms you can join that will help you earn good ROI daily. Stay away from scam systems because you may be disappointed by their offers.