Stop whatever you are about to do, and read our complete Biteagle.io Review. This fake online trading company is not only completely illegal, they are set up to become the next viral scam that will destroy the bank accounts of thousands of people. We have already received several complaints about their dishonest business practices, including a nonexistent customer support email address.
If you have already lost your money in the Biteagle HYIP scam, or any other online scam, please send us a message and we’ll do our best to advise you on how you might be able to get your money back. We can also give you advice about which HYIPs are safe and which are scams, so please send us a message or comment below for help!
Official Website: https://biteagle.io/
Biteagle.io is a HYIP or high yield investment program that offers an ROI (return on investment) ranging from 0.42%-0.84% Hourly Forever or between 10%-20% daily. This makes Biteagle scam one of the worst offenders for offering an interest rate that is literally impossible to deliver. One of the easiest ways to spot an online scam is a website that offers an earnings amount that is too high too consistently maintain. We’ll continue discussing this below.
The Biteagle scam claims to be one of the fastest growing online trading firms in the UK. If you don’t already know that this is a lie, you do now! We don’t like to insult the intelligence of our readers, but it is clear to most people that a website that came online a month ago can’t be one of the fastest growing online trading companies in the UK. This lie is one of the most ridiculous claims we’ve seen in quite a while. So let’s take a look at the BIteagle.io scam and how you can avoid losing your money with it!
What is Biteagle.io Scam?
Biteagle.io HYIP scam is comprised of many lies and fraudulent statements that our team of investigators were quickly able to point out. Below you will find a list of the top three reasons why Biteagle is a scam.
1. Biteagle.io scam claims to be made up of a team of highly skilled Bitcoin traders that have been trading for many years in the UK.
Unfortunately, there is absolutely no evidence that this statement is true. Not only can we find no information regarding this team, we contacted all of our favorite cryptocurrency brokers and they told us that nobody in the industry has ever heard of Biteagle. In fact, nobody has any record of the traders from this site having an account with any regulated broker.
What does this mean? It means that Biteagle.io scam is lying to you about how they earn money. They are clearly NOT trading anything at all. They are hiding their illegal company behind a false description because they want to trick you into thinking they are real.
2. The owners and “trading team” of Biteagle scam are hiding their identities.
We contacted the admin at Biteagle HYIP scam to ask them about their trading history and names. They responded by saying they don’t give this information out. This is actually illegal. When you operate a trading site, you are required to be transparent with your investors about your name and trading history. To hide this information means that you are being deceptive.
Would an honest and successful trader in the UK need to hide their name from you? Why would you give a stranger your money? What will happen when he runs off with your money and you never see it again? You will have no recourse to get it back because nobody knows who he is!
3. The UK business registration for this company is worthless and there is no address associated with Biteagle.io scam.
In the past year, the UK has approved thousands of business registrations for scam sites that close within the year. They do this because they get paid a fee to register each business and therefore are taking income from this practice. The business registration is done online and can be purchased by literally anyone. A person in jail could buy this registration as long as he has an ID card.
The UK does not check any of these businesses for legality or for truth and honesty. They simply take the money and give them a Companies House registration number. Within a few short months, 90% of these sites have shut down and vanished. The owners of the sites are most usually from Russia and are probably not even eligible for a Visa to enter the UK.
Biteagle.io User Reviews: Scam Exposed
The site officially opened about a month ago, which is more than enough time to determine if Biteagle is paying or not. In the last week, we have received several email complaints from our readers who have not been paid. Typically when a site stops paying they will move all withdrawals to PENDING status for several weeks before they shut their site down.
In some cases, they do open back up and start paying again but only for a few more weeks before they close. The biggest red flag that Biteagle.io scam will stop paying is that they are not bringing in any income from trading. They are a fake trading company who doesn’t have any trading proof. This means that Biteagle is a Pyramid scheme that operates by taking money from new deposits and using some of it to pay withdrawal requests to keep their members happy and depositing more money.
They keep most of the money for themselves and only give small portions of it back to their members. When they collect a large amount, they will run away with your money and open a new site under a new name. Many of you will then end up depositing with their new site not realizing that they already have a portion of your money!
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Is Biteagle.io a Scam?
Biteagle.io is a scam that will only last a minimum of 2-4 more months before it closes. We strongly recommend you do NOT invest in this site. If you do, make sure you take your initial money as soon as possible and do not deposit more.
If you need help with any online investment or trading site, please send us a message and let us know!