BitMagnet Review – HYIP BIZ Scam Busted!

Are you looking for a BitMagnet Review? Are you afraid that BitMagnet.biz scam might steal your money? Or perhaps you already figured out that BitMagnet IS a scam and you looking for a better alternative, in all cases, you have come to the right place.

You probably got an email from a deceptive and greedy email spammer inviting you to join BitMagnet Scam, or you read a review on BitMagnet.biz from the so-called “HYIP Monitors” and thought it sounded legitimate! Don’t be tricked. These HYIP monitors are using their link to promote their commission sales, which means they are not honest with you!

BitMagnet Review

BitMagnet.biz Limited is a UK registered cryptocurrency investment company.

They claim that they are investing their money (investors money) in cryptocurrency such as BTC mining etc.

BitMagnet.biz has three different investment plans as shown in the screenshot below.

3.60%/DAILY, 4.08%/DAILY, and 4.56%/DAILY.

Obviously, it’s ridiculous that they say they have the ability to pay 4.56% of your money on a daily basis forever by investing it in BTC mining. No BTC mining hardware has the power to mine large amounts of BTC daily.

They claim that they have over 269565 accounts opened in their company so far. We honestly don’t know how can they pay 4.56% to that enormous number of people, especially if each one of these accounts earns between 3 to 4.56% DAILY. This would make it even harder for the company to produce this enormous volume of bitcoins to pay for the members.

To get this massive mining power, they will need a minimum of more than 300million USD to buy mining hardware. They have been online for only 49 days by the time we wrote this review, so we don’t know how are they going to pay the members daily, and still have enough money to purchase hardware which costs more than $3000 right now.

If they made it ” Weekly or monthly ” it would have made more sense mathematically, but when they say that they will pay ” 4% daily and also forever, then this makes no sense and a pure scam.

BitMagnet.biz Behind The Scenes

We do not believe that BitMagnet scam invests their money anywhere, We are confident in how they operate.

1- They take your money.

2- They pay you once or twice using other people’s money. This is referred to as the Ponzi scheme.

3- Once you feel confident and deposit a larger amount, they take your money, and they will never pay you.

Is BitMagnet A Scam?

It’s pretty easy to answer that question. The company does not have any social media activity. Their website is completely anonymous, and we don’t know who owns it. Their phone number, which is +449472393748, is an incorrect number.

The Conclusion

With all the facts we gave, we are extremely confident that BitMagnet.biz is a scam. We hope that our BitMagnet review saves you from falling into this scam. If you think we helped you, please share this review on your FB or google+ to help others.

Summary

Reviewer

Bassam Jamal

Review Date

2017-03-05

Reviewed Item

BitMagnet

Author Rating

1