Cybit.biz Review. Is Cybit Scam or Legit?
Update:- We found out that Cybit.biz is using the registration of another company known as Cybit Limited. So, this review is completely on Cybit.biz, not on Cybit Limited. However, we have used the terms like Cybit Limited scam and so on which doesn’t mean Cybit Limited is a scam but Cybit.biz which is using Cybit Limited document and pretend to be the Cybit Limited, that company is a scam.
Cybit.biz Scam Alert! Cybit.biz is a scam. Ok, now let’s find out what is Cybit.biz in real and why is Cybit a scam and why isn’t Cybit safe to invest money.
Cybit is a scam because it is a combination of two illegal schemes and those are Ponzi and Pyramid schemes. So, we can call it Ponzi Pyramid hybrid. If you don’t know about Ponzi and Pyramid schemes, then you can find the details by clicking the following respective details:-
Ponzi scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
Maybe now you are thinking they have provided the registration document from Hong Kong in the name of their company so how can they be illegal. Well, it is very easy to register a company in Hong Kong and that registration is only for tax purpose but not the license to run an investment company like Cybit. It is very difficult to track the owner through that document because if you hire an agent then you can just hand over the passport or citizenship to register such company in Hong Kong. So, the scammer will definitely use the passport or citizenship of the third person to register such company. The agent will also help to provide one address of Hong Kong which will be just a rent place to provide the address to several such kinds of companies. So, such kind of registration is not the proof of legitimacy.
Now it is clear why is Cybit.biz a scam. However, we are definitely providing you the additional details on this company within our Cybit review here. So, you don’t have to search any other Cybit.biz reviews in order to find out more details. But, if this brief information is enough for you and now instead of finding out more details on this company, if you want to find out genuine and trusted opportunities to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among those genuine online works and businesses, our No. 1 recommendation is Wealthy Affiliate. In order to find out more details, you can click this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let’s continue with our Cybit Limited review to find out in detail why is Cybit Limited a scam and what is Cybit Limited in real.
Ads by Media
End of Ads by Media
Cybit login and join in link:- Cybit.biz (Not recommended to join, it’s a scam)
Why is Cybit a fraud company?
Aforementioned, we have already made you clear that Cybit is a scam because its business is illegal. Now let’s find out more about this company which proves it is a fraud company.
- It offers 8% daily profit on the investment of its members. However, that is a completely bogus claim. It is not possible for any companies to pay such high return daily by investing in cryptocurrency trading or mining like Cybit is claiming.
- So, it is clear that Cybit is a Ponzi scheme because it is offering an unsustainable rate of return which is not possible for any companies to pay by making a real profit from cryptocurrency trading or mining. The Ponzi schemes like Cybit Limited only pay few members at starting by routing the money between the members in order to show the payment proofs so that they can lure more people into their scheme and collect the huge amount of money and run away with that. So, don’t fall for these kinds of companies because it is 100% confirmed that they will stop paying very soon later.
- Cybit is also a Pyramid scheme because it offers the referral commission up to 4 level downlines same like MLM (Multi-Level Marking) companies, but without selling any real products or services. So, if any company offers the referral commission up to multi-level downlines without selling any real products or services, then that company falls into an illegal scheme known as a Pyramid scheme.
- There were 1000s of these kinds of companies which have already scammed the millions of money from various people. Some of them even get caught by the legal authorities.
- Involving with these kinds of companies is a crime and legal authorities have already warned people not to join these kinds of companies.
Aforementioned, now it is clear that Cybit Limited is a scam. So, your search for Cybit reviews ends here. We have listed Cybit within our Bad and Scams category.
Please spread the awareness about this Cybit Limited scam by sharing this Cybit review with your friends and families:-
We love to have a comment from you. So, please feel free to leave your comment below if you have to say anything about Cybit or want our help in relation to online business industry.
We will be more than happy to help you and hear from you.