Bitplaza.biz Review Is Bitplaza a Scam or Should I Invest

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BitPlaza.biz Review: Is BitPlaza Scam or Genuine?

BitPlaza.biz Scam Alert! This BitPlaza review is here to reveal the truth about Bit Plaza. So, if you were searching for the BitPlaza reviews to find out either is a Bit Plaza scam or legit, then you have landed in the right place.

Actually, you made a good decision to search for the Bit Plaza reviews before you invest there because you have now saved yourself from a scam since BitPlaza.biz is a scam, a Ponzi scheme which means it is an illegal and unsustainable scheme. Ok, let’s find out in detail why is BitPlaza an untrustworthy site and what is BitPlaza.biz in real through our detailed Bit Plaza review below.

BitPlaza.biz is a fraudulent site due to the following reasons:-

  • Aforementioned, BitPlaza is a Ponzi scheme which already makes it a scam since Ponzi scheme is an illegal and unsustainable scheme. If you don’t know what is Ponzi scheme and how is it operated, then you can click >HEREHEREHEREHERE

Please help us to spread the awareness about this Bit Plaza scam by sharing this Bit Plaza review with your friends and families through your social media accounts:-

Do you want to report something about BitPlaza Limited ? Do you want to provide your own BitPlaza.biz reviews? Do you need our help in relation to online work and business industry? If so, then please feel free to leave your comment below.

We will be more than happy to hear from you and help you.

Russell Nordstrand (Monday, 27 May 2020 16:29)

Hi there,
I was wondering if you could give me any info on a site called allcoinhodler.com
It is purely an investment site, been running for approx. 2 years now and apparently always paying on time.
And I was and my friend scammed by bitplaza, lucky not much.

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Bitplaza.biz Review: Is Bitplaza a Scam or Should I Invest?

Bitplaza Review: Scam or Paying? bitplaza.biz claims it could make you good profits in investment. How true is this? 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 bitplaza.biz 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.

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Bitplaza Scam Review: Disturbing Things Found

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 are not in actual sense located there.

bitplaza.biz 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.

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.

CryptoInfoWatch

Scammers are working really hard to impress potential investors. They do a lot to accomplish this even though their options are limited since many investors can see through their wiles. However, the internet is a huge market and the prospect of fooling some uninformed person is high.

This is why despite the proliferation of scams advertising the same stale tricks, you still find new scam sites popping up daily such as Bitplaza.biz. These tricks are mostly limited to high interest investment site that claim to mine bitcoins or altcoins and those that claim to trade them.

Whatever they claim, scam crypto sites have one objective, which is to gain traffic and convert same to people making deposits with the hope that they would reap unrealistic reward. There is no other way that these sites attract people except through appeal to individuals’ greed.

So if you’re one of those that believe in the no-work wealth, you’d likely fall for the trick of scammers such as those behind Bitplaza.biz.

What is Bitplaza?

According to the website,

“Our company offers trust assets management of the highest quality on the basis of foreign exchange and profitable trade through Bitcoin exchanges. There is no other worldwide financial market that can guarantee a daily ability to generate constant profit with the large price swings of Bitcoin”.

Interestingly, the site further stated that its proposed modalities would be acceptable to anyone that uses cryptocurrencies since they can make profits that could be withdrawn immediately. This is the claim of most scam bitcoin and crypto mining sites. In reality, people who make deposits to sites such as Bitplaza kick themselves later on when they realize that their funds are stuck because the operators of such sites have no intention of releasing them.

Common scenario is that people who make small deposits are paid back if the platform is new. The scammers are aware that people would want to check the reliability of the system with little amounts such as $2o, so they pay such wallets hoping that they would trust them to pay bigger deposits.

There are instances when scam sites have paid users two or three times prompting them to make huge deposits of say $1000. This is when they realize they’ve been fool through enticement and greed.

What Bitplaza Promises its Investors

Like most scam Bitcoin investment sites, Bitplaza .lures its users with promises of huge profits. The purpose is to make sure that the prospect with the investment package seems so good that the potential investor finds it irresistible.

Bitplaza has three investment plans starting with a forever plan that yields 10% daily for the investor. There is another that promises to pay 600% after 30 days and yet another promising 1500% after 60 days.

It is obvious that no legitimate business would pay profit that high. Even 10 percent daily is not sustainable talk less 600% which is 20% daily. These are clear indications that the site’s aim is to fool people by luring them with unrealistic profit.

Is Bitplaza A Legitimate Business

It is important to distinguish between a registered business and a legitimate one. These days, it is a simple matter to register an online business with the intention of using it to scam people. This is possible because fraudsters and cybercriminals are aware that tracking them is an onerous assignment, so they take advantage of the unregulated crypto space to steal people’s funds.

Ordinarily, apart from mandatory registration of the business, entities wishing to render financial services as brokers should get authorization from relevant financial regulatory body such as FSA.

This is why you should not be fooled with the exhibition of registration certificates such as is available on the Bitplaza.biz website. This is meant to convince the investor that this is a legitimate investment site.

Bear in mind that you can rarely get a legitimate crypto investment site. Most of the sites claiming they can double your investment in days are scammers.

Physical Address

Bitplaza claims to be located at 26 Fairview Road, London, UK, N15 6BL. However, there is no evidence that this is not just another virtual office used as mere contact by other new businesses.

The company claims to have been online for 21 days. This means that this is a business tha have behind it people who may be experienced in Bitcoin scams since such fraudsters move from scam to scam.

The company itself was registered in January 2020 apparently with the intention to be used as a front for the Bitplaza bitcoin scam. An online search for the registered director, Baron Phyllis could not show that this is a real person. These are the signs that you should avoid making deposits to this site.

All the claims made on the site such as having nearly 400,000 members and deposits of 80,000BTC are just lies that should be ignored.

Bitplaza is one of those scam sites that target people who know little about the crypto space. Earning bitcoin and other cryptocurrencies doesn’t happen through some sort of magical overnight doubling and tripling of your assets but through careful planning. Your best bet is learning how to trade or using your skills to earn the coins.

If you want a sure way of earning crypto, invest in this social trading platform and learn from others.

What experience have you had with Bitplaza, please share your experience in the comment box below.

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