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Bitfreezy.com Review: Bitfreezy Scam or Legit?
Beware! Bitfreezy is not a genuine business which means Bitfreezy is a scam, not a trustworthy one. Now, this statement may surprise you since you have seen it has provided the legal registration document and has also provided the payment proofs. Well, don’t fall for that.
Through this Bitfreezy review, we are going to explain to you why is a Bitfreezy.com scam and what is Bitfreezy.com in real. So, if you were searching for the Bitfreezy reviews to find out its reality, then your search ends here. Ok, let’s begin with our Bitfreezy review.
Bitfreezy is a fraudulent business due to the following reasons:-
Aforementioned, we already made you clear that Bitfreezy (Bitfreezy Financials LLC) is a scam. Now you may want to know why is a Bitfreezy scam, right? Well, Bitfreezy is a scam because it is a Ponzi scheme. So, now let’s find out why is Bitfreezy a Ponzi scheme.
Bitfreezy is a Ponzi scheme because it claims to pay a high amount of profit, such as 1.5% profit daily up to 200 business days, on the investment amount of members and it claims it can generate enough amount of revenue to pay such high rate of return by using the money of members in Forex and Cryptocurrency market as well as by working as a CFD broker and offering Consulting and Asset Management. However, this is a bogus claim because none of the experts in the Forex, Cryptocurrency, etc. market can guarantee such an amount of return daily, this is practically not possible. On top of that, Bitfreezy fails to provide proof of its investment in the so-called Forex and Cryptocurrency market as well as proof of profit by working as a CFD broker and offering Consulting and Asset Management.
On the other hand, none of the legit companies will collect the money from several people by paying them a 1.5% profit daily, instead, they will take a loan from a bank if they need to raise a fund to invest in their project at much more lower rate, less than 1% monthly. If they can’t take a business loan, there is an option for the personal loan as well as for the credit card limit. So, why would any company like to pay 1.5% profit daily to raise a fund instead of paying 1% monthly? So, the business model of Ponzi schemes like Bitfreezy doesn’t make any sense and prove themselves to be a Ponzi scheme.
Bitfreezy has provided the registered document in the name of Bitfreezy Financials LLC registered in Saint Vincent and the Grenadines but such type or registration is not a registration or license to operate an investment company like Bitfreezy. Such registration can’t be considered as regulated, which means it can’t offer its services in most of the countries in the world with such type of registration.
Ponzi schemes only pay few members at starting by routing the money between the members so that they can lure more people into their scam by showing those payment proofs and collect the huge amount of money and run away with that. So, don’t fall into those payment proofs. In the end, the majority of members will lose money in a Ponzi scheme.
Actually, these kinds of Ponzi schemes are not a new thing. In the past, 1000s of Ponzi schemes have already scammed the millions of money from various people. Some of them even get caught by the legal authorities. Involving in these kinds of companies is a crime and legal authorities have already warned people not to join these kinds of companies. The recent examples of Ponzi schemes are BSFinance, LinkIncome, CryptoBull, Ferdinand.Capital, TessLine, BTCFury, GoldenHanoi, Quadrolate and so on.
If you want to find out more details on how the Ponzi schemes are operated, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
Aforementioned, it is clear that Bitfreezy.com is a scam. So, we have listed it in our Bad and Scams category.
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