Bitways.io Review: What is Bitways.io? Scam?
Bitways Scam Alert! Yes, Bitways.io is a scam, there is no doubt on that. So, you did right by searching for the Bitways reviews because now you know that Bitways is a scam, so now you can save yourself from this Bitways scam. OK, let’s begin with our Bitways review to find out what is Bitways Geo Energy LTD, why is Bitways a scam, what makes Bitways.io a scam and so on.
What is BitWays.io? Why is BitWays Geo Energy LTD a scam?
BitWays.io is nothing other than a Ponzi scheme which means an illegal and unsustainable scheme. It is a Ponzi scheme because it is not generating any income. So if it pays its affiliate, it can pay only by routing the money between the members which is completely an unsustainable scheme.
We can say Bitways doesn’t have any source of income because there is not any verifiable source of income coming into the Bitways other than the money invested by the affiliates. Yes, it claims it is making a profit from a cloud mining that uses geothermal energy for mining farm. However, whatever method they use, it is practically not possible to generate up to 140% profit within 2 days which it is claiming to pay its affiliates. None of the cryptocurrency mining experts can generate such amount of profit from any kind of mining. So, their claim to pay up to 140% in 2 days itself proves they are lying about their real business and they are not doing any cloud mining.
Bitways login and join in link:- Bitways.io (Not recommended to join, it’s a scam)
Bitways is a fraudulent website due to the following facts:-
- Aforementioned, Bitways is a Ponzi scheme which is an illegal and unsustainable scheme, so this fact already makes it a scam.
- Bitways is unable to show the exact physical location of its mining farm. After all, they don’t have any mining farm, so how can they show something they don’t have.
- Bitways has shown the company registration document registered from the UK Companies House in the name BitWays Geo Energy LTD, but don’t fall for that trick. That is not the license to run an investment company like BitWays Geo Energy LTD as well as it is very easy to register the company in the UK Companies House by providing the third party identities and virtual address. Many scam companies in the past had already tricked people by showing such UK Companies House registration document. If you want to know how the scam companies are easily registered from the UK Companies House, then you can click >HERE<.
- Other than the address provided in the UK Companies House (which is the virtual address only rented to register a company in the UK Companies House), BitWays hasn’t provided any information about who and from where is operating and running the Bitways. It has also completely sealed the owner details within WHOIS. Only scam companies hide owner details like that, not the legit ones.
- Legal authorities have already warned the public to be aware of these kinds of Ponzi schemes. It is a crime to involve with companies like Bitways.
Now it is clear that Bitways Geo Energy LTD is a scam. So, we have listed it in our Bad and Scams category.
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