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 >HERE<.
- Legal authorities have already issued the warnings to stay away from the Ponzi schemes like BitPlaza. Actually, it is a crime to involve in Ponzi schemes.
- We can say BitPlaza is a Ponzi scheme because it doesn’t have any verifiable source of income coming into it other than the money invested by the affiliates/members which prove it can’t pay any profit on the investment amount of the affiliates because, in order to pay the real profit, the company has to make profit by themselves which is not happening in the case of BitPlaza.
- BitPlaza claims it is making a profit by investing in Foreign exchange and Bitcoin trading but fails to provide the proof of its such investments. On top of that, none of the experts in Foreign exchange or Bitcoin trading market can guarantee up to 10% daily profit forever or 1500% profit in 60 days by investing in Foreign exchange market or Bitcoin trading. So, this proves BitPlaza doesn’t have any real source of income and it can pay only a few members at starting by routing the money between the members. However, if it pays like that, it will create a debt equal to the amount of profit it pays to each member due to which the debt will be kept on increasing and ultimately the whole company will be collapsed. So, Ponzi schemes only pay few members at starting in order to show the payment proofs to lure more people into their scheme and collect the huge amount of money and run away with the money of the majority of the members. This is how every Ponzi schemes are operated and that is why Ponzi schemes are illegal schemes.
- BitPlaza has also tried to trick people by showing the company’s registration document registered from the UK Companies House in the name of BitPlaza Limited. But, don’t fall for that. Such registration is not a license to run an investment company like BitPlaza, instead, that is just a registration for a tax purpose which anyone can easily register even by providing the fake address and third-party identities. If you want to find out how the scam companies like BitPlaza are registering from the UK Companies House, then you can click >HERE<.
Since now it is clear that Bit Plaza is a scam, so we have listed it in our Bad and Scams category.
Never go after these kinds of easy ways to make money online. However, if you can do some work, then you can find plenty of legitimate options to make money online. We have also listed a few legit money-making opportunities which you can find by clicking >HERE<.
If you are looking for a serious way to make money online, then blogging is the best option for that. These days it is very easy to establish your own blogging business. You no need to have any technical knowledge for that. You can simply join the online business training programs like Wealthy Affiliate and follow the step by step video tutorials there to establish your own blogging business. If you are interested, then you can find our detailed Wealthy Affiliate review by clicking >HERE<.
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