What is BitSector.biz? Is BitSector Scam or Legit?
BitSector.biz Scam Alert! Yes, BitSector.biz is a scam. Now maybe you are thinking why is BitSector.biz a scam, what makes BitSector a scam. Well, you can find that here within our BitSector review. So, let’s begin with our BitSector.biz review.
What is Bit Sector? Is Bit Sector a scam or a legit?
BitSector is an illegal company because its business model is the combination of two illegal schemes and those are Ponzi and Pyramid schemes. So, BitSector is a scam. If you don’t know what is Ponzi and Pyramid schemes, then you can click the respective links as below:-
Ponzi scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
Now you know that Bit Sector is a scam, so now instead of finding out the detailed review on BitSector, if you want to find out the genuine ways to make money online, then you can find the list of genuine online works and businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Although we have listed several kinds of genuine ways to make money online, we always suggest everyone establish their own business online in order to earn good income online regularly. Yes, everyone thinks it is very difficult and technical stuff to create their own online business but it is not. It is actually very easy. There are many online business training programs which will teach you to create your own website, your own online business very easy. One of the best online business training program is Wealthy Affiliate where you can learn to create your own website in your own subject of interest and make money from that without having any technical knowledge, just by following the step by step video tutorial which is very easy to understand. If you are interested to find out more about Wealthy Affiliate, then you can find our detailed review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let’s continue with our BitSector review.
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BitSector login and join in link:- BitSector.biz (Not recommended to join, it’s a scam)
Why is BitSector a fraud company?
Aforementioned, BitSector is a fraud company because it is a combination of two illegal scheme which is Ponzi and Pyramid schemes. These kinds of schemes are not legal and the legal authorities of many countries have already issued a warning to stay away from these kinds of companies. Involving in these kinds of companies is a crime. If you don’t believe us, ask the legal authorities in your country.
If you do the reality check, you can find out this is completely a bogus company because BitSector is claiming to pay 10 to 15% daily for 20 days on your investment. It claims it will use your investment to invest in its trading project and make a profit from that to pay you back up to 15% daily profit. Well, if some company is genuine, then they can easily take a loan from a bank to invest in their project for which they only need to pay 1% monthly. So, why any legal company will like to collect the investment from several people to invest in their project by paying them up to 15% daily than paying 1% monthly to the bank. So, Ponzi scheme always fails to pass this logic test and prove itself to be a Ponzi scheme.
On the other hand, BitSector claims to pay back up to 15% daily profit by investing in cryptocurrency trading. Well, that is another bogus claim because none of the real traders ever can guarantee such high rate of return daily by trading cryptocurrency.
BitSector hasn’t provided any information about who and from where is operating and running the BitSector. It has concealed that information within WHOIS and on its website also it has only provided UK Companies House registration document. But that is not the proof of legitimacy. Anyone can provide virtual address and third person identity to register a company in the UK Companies House. You can find out in detail how the companies are registered in the UK Companies House and how the scam companies are taking benefit of that by clicking this link-newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
In online business industry, we should not believe those companies who hide their owner details because only scam companies have found to be hiding their owner details. Lots of companies similar to BitSector have already scammed people who use to have such UK Companies House registration document instead of clear owner details.
BitSector doesn’t have any verifiable source of income other than the money invested by the affiliates which prove it will pay only a few members by routing the money between the members and that is also only to show the payment proofs so that it can lure more people into its scheme. These kinds of companies never pay the majority of members in the end. This kind of bogus business is known as a Ponzi scheme.
BitSector is also a Pyramid scheme because it offers to pay the referral commission up to 2 level downlines same like MLM companies but without selling any real products or services. Any companies which offer multi-level referral commission without selling any real products or services fall into an illegal scheme category known as a Pyramid scheme.
Now you must be clear why is BitSector a scam. So, we have listed it within our Bad and Scams category.
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