Bitexplosion.biz Review Is Bitexplosion Scam or Paying Read Before Investing!

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Bitexplosion.biz Review: Is Bitexplosion Scam or Paying? Read Before Investing!

Bitexplosion Review: Scam or legit? bitexplosion.biz claims it could make you good profits from online investments. 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 BitExplosion, 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 BitExplosion

According to what we gathered from their website “We offer a wide range of services, designed to help Bitcoin miners invest their Bitcoins at great interest rates. We are based in London and have in our employ investment professionals from advanced computer technology to engineering“.

The question now is; Is Bitexplosion genuine? Can I trust Bitexplosion with my money?

Bitexplosion Scam Review: Disturbing Things Found

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- RISKY !

A lot of people would try to tell you otherwise but the truth remains that the people behind this platform are not using your money for trade. Rather they run a margin system otherwise known as a ponzi scheme. The ROI is unrealistic, and the affiliate program commission is an indication that they are eager for your money. Though this website looks authentic, and the testimonials sound convincing, don’t be deceived by their whitewashed lies. They might pay initial investors, but like other HYIP’s, one day they will abscond with your money when there are not enough deposits.

BitExplosion is not a legit 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.

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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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RISK DISCLOSURE

Trading binary options may not be suitable for everyone and may also not be legal in your jurisdiction,make sure you are aware of the risks involved as there could be total loss of capital. Don’t trade with money you cannot afford to lose. Binary Options is prohibited by the ESMA. BestBinaryOptionsWatch.com cannot be held liable for any damage resulting from use of information on this website. The FTC Required Affiliate Disclosure: BestBinaryOptionsWatch.com is a professional review site that is independently owned and as such, opinions expressed here are our own. We receive compensation from companies whose products we review. However our professionals test each products thoroughly and recommend the best.

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Best Binary Options Brokers 2020:
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    Top Binary Options Broker 2020!
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  • Binomo
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    Trustful Broker. Recommended Only For Experienced Traders!

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