Honest review of Bitbinary: marketing and reviews
Honest review of Bitbinary: marketing and reviews
Most scammers follow the beaten path of their colleagues and use common scam schemes, but not Bitbinary. At first glance, it is clear that this scam project was created by blatant fraudsters who have thought through every detail. They hired Chinese actors for the video presentation, launched an original legend, and flooded forums with positive reviews. The scam is fresh, so anyone of us can become its victim. In today’s review, we will look at why you should not trust Bitbinary and how they manipulate on this project.
Bitbinary Legend Review
Binary options attract many traders, but based on reviews, we know that there is a high chance of losing your deposit to zero. In Bitbinary, they decided to play on the fears of users. Charlatans claim to have a cryptocurrency binary options exchange and unique bots, which they present as their know-how.
Nothing is known about the company’s management, as Bitbinary tries to maintain confidentiality. According to forum reviews, this is how scammers who do not intend to take financial responsibility usually act.
However, the scammers from Bitbinary turned out to be even more cunning – they launched video presentations of their project on YouTube, where cheap Chinese actors babble about the advantages of investing in high-precision binary bots. These are fake characters, there is no information about them online.
The statistics on the Bitbinary website are fantastic. At the time of writing the review, the numbers are as follows:
- 44,011 bots rented,
- $1,072,531 earned,
- 48,284 registered users,
- 1,183,146 transactions made.
Do not believe these data, as the project has been active for only a few days. On monitoring sites, we found information that it entered the promotion phase on November 9, 2020. Although checking the domain registration date showed that the Bitbinary website started operating in December 2019. The site was idle for a long time.
Regulation and License of Bitbinary
The Bitbinary website states that it is on the list of trading companies in Hong Kong and operates legally, even offering to verify the registration certificate number (LTD № 2963764). The catch is that the link leads to some incomprehensible site with hieroglyphs, clearly not belonging to the Hong Kong regulator SFC. Naturally, there is no license for this scam.
There are also issues with the contact details. On the Bitbinary website, it is mentioned that the company’s headquarters is located in Hong Kong at the address: 183 QUEEN’S RD E WAN CHAI. However, due to the coronavirus, the staff had to move out. Temporary address: Avenue des Morgines 12, 1213 Lancy, Switzerland. It seems that scammers are just covering their tracks, as both addresses turned out to be fake upon verification. The only way to contact support is through a feedback form.
To be fair, Bitbinary has a community on social networks. For example, around 800 people have subscribed to their Facebook page, but the activity is zero. There are no reviews (although the option to leave them is provided), and no one asks questions. The number of subscribers is clearly inflated with bots; there has been and is no real interaction there.
Detailed Review of Bitbinary Offers
There are several steps separating you from participating in the Bitbinary scam. The first is registration on the platform. Deceived depositors write in reviews that they would never have done it if they had carefully read the user agreement first. The scam completely absolves itself of financial responsibility. The registration procedure itself is simple. You need to provide:
- partner’s name,
- login,
- email address,
- first and last name,
- password (twice),
- captcha.
After that, you need to agree to the service’s terms. Then you can choose a tariff and top up your account. At the time of writing the review, Bitbinary has 9 offers:
- Bit Start. Deposit – from $20. Promised profitability is 0.3-0.4% daily. Minimum investment period – 250 days,
- Bit Start Plus. Initial deposit – from $100. Promised profitability is 0.4-0.5% daily. Minimum deposit term – 230 days,
- Bit Middle. Replenishment from $500. Profit is 0.5-0.6% daily. Minimum investment period – 210 days,
- Bit Middle Plus. Initial deposit – from $1000. Investors are guaranteed a profit of 0.6-0.8% daily. Minimum investment period – 190 days,
- Bit Professional. Balance top-up required from $3000. Promised profitability is 0.8-1% daily. Minimum deposit term – 170 days,
- Bit Professional Plus. To deposit into the account, you need from $5000. Promised profitability is 1-1.2% daily. Minimum investment period – 150 days,
- Bit Full. Initial deposit – from $10,000. Promised profitability is 1.2-1.5% daily. Minimum investment period – 130 days,
- Bit Full Plus. Replenishment – from $20,000. The daily rate is promised to be 1.5-2%. Investment cycle – 110 days,
- Bit Privileged. To open such an account, you need $30,000. Profit is 2-3% daily. Minimum investment period – 90 days.
Investors are also offered to earn through participation in the affiliate program. The review showed that scammers promise hefty bonuses for attracting new victims.
Bitbinary Customer Reviews
There are plenty of fake positive reviews about Bitbinary online:
Mostly, praising reviews are spread by those who became referral partners in this shady company, as well as Bitbinary employees themselves.
Negative reviews are suppressed, but we still managed to find reviews from real customers:
Translation:
If you are planning to invest online, I advise against choosing the bitbinary.net site. They are scammers. Their marketing is disgusting.
Translation:
Fraud, no information about management, Hong Kong offshore. Zero trust.
Translation:
Be careful investing money here. After purchasing bots, no one responds to requests. If you post a negative review about this company, your account will be blocked. They don’t want anyone to know the truth about bitbinary.net.
Bitbinary Scam Scheme Review
We are dealing with a typical financial pyramid scheme. Bitbinary offers to invest in high-precision binary bots, but in reality, they just scam clients out of money. Withdrawing profit from the platform is impossible.
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Summary of Bitbinary Review
The Bitbinary project holds no interest for investors as it is a typical scam. The company operates without any legal basis, hides contacts and management information. Protect your money, do not get involved with this scam. Getting your capital back will be difficult!