What is BitStant.io? Is BitStant a Scam or a Legit?
If you are searching for the BitStant.io reviews in order to find out what is Bit Stant in real, either is BitStant.io scam or legit, then you are absolutely in the right place and we are happy to see that you are doing the research before investing in companies like BitStant. But, if you had already invested money in BitStant, then you would have maximum chance to lose your money.
So, is that mean we are saying BitStant is a scam company? Yep, we are. It doesn’t matter companies like BitStant pays or not. Actually, companies like BitStant pays few members only, but only to lure more people into their scam so that they can gain the trust of people and then gather tons of money from the investment of several people and run away with a big amount of money.
Yep, you hear us right. Companies like BitStant.io is known as a Ponzi scheme which is neither a legal, nor a sustainable. OK, you can find out more about BitStant within our BitStant review here. But, before that, if you want to find out what kinds of companies we have recommended, then you can find the list of our recommended companies by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
If you are searching for the platform to establish the full-time online income on regular basis for your lifetime, then it is better you join the established company which is online from 2005, known as Wealthy Affiliate. If you don’t know what is Wealthy Affiliate, then you can find our detailed review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let’s begin with our BitStant.io review in detail in order to find out what is BitStant in real and why is BitStant.io a scam.
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BitStant login and join link:- BitStant.io (Not Recommended to join, it’s a scam)
What is BitStant and why is Bit Stant a scam?
BitStant is a Ponzi scheme which is not a legal business because Ponzi schemes can’t be sustained for a long time. They only claim that they can make real profit to pay back their members such as BitStant is claiming it will make profit from cryptocurrency cloud mining, but in reality, they just use the money of new investors to pay existing old members/investors and each time they pay, they increase a debt in their system which makes their system unsustainable.
BitStant claims to pay 3% daily profit to its members by using the investment of those members in its so-called cryptocurrency mining. But, that is a completely bogus claim. None of the cryptocurrency miners can guarantee such high rate of return in such a short period of time. On top of that, it fails to provide the physical location of its mining platform. The real cryptocurrency mining companies like GM never can guarantee the fixed rate of return in fix period of time. If you don’t know what is GM, then you can find the details by clicking this link:- newsonlineincome.com/genesis-mining/
So, they keep on paying few members at starting in order to lure more people into their system and keep on calculating the daily ratio of withdrawal amount and the new investment amount. When they start to notice that the withdrawal amount is increasing day by day compare with the new investment coming into the system, they will just stop paying or even will shut down their site. Even if Ponzi schemes manage to run for a long time, government agencies will seize them. So, either way, they can’t be sustained for a long time and you will lose your investment anytime in these kinds of companies. If you don’t know what is Ponzi scheme, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
So, why do they pay few members if they have the intention to scam?
They need to pay few members in order to show the payment proof and in order to gain the trust of people so that they can promote their company and lure more people to invest in their company. After all, they take a risk by operating an illegal business, so they are not here for the small money.
If you check their website, you can’t find out any details about who and from where is running and operating the site and that information is also hidden within WHOIS detail which prove that their intention is not good. In online business industry, good companies never hide their owner details. So, will you be ready to invest in such company which address and owner details are not clear and which business model is unsustainable and illegal? Anyway, we are not.
Yep, we agree that they have provided the registration document registered with UK Companies House in the name of BitStant Ltd. But, that is not a big deal because anyone can provide the fake details to register a company in UK Companies House, such as a fake address. In order to find out how the companies are registered in the UK Companies House, you can click this link:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
You can think generally. None of the legit companies will collect the money from several people by paying them 3% daily profit, instead, they will take a loan from a bank if they need to raise a fund for their project in much more lower rate, less than 1% monthly. So, why would any company like to pay 3% daily profit to raise a fund instead of paying 1% monthly? So, the business model of Ponzi scheme like BitStant doesn’t make any sense and prove itself to be a Ponzi scheme.
Aforementioned, it is already clear that BitStant.io is a scam. So, if you’ve invested money in this company, then there is high chance that you will lose your investment anytime. So stay out of it. We have listed it within our Bad and Scams category. If you want to know what kinds of companies we have recommended, then you can find those by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among all good and trusted online work companies, Wealthy Affiliate is our No.1 recommendation. If you want to find out what is Wealthy Affiliate, then you can find our detailed review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
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