Vario Bit Ltd. claims to be a company with a 10-year history in investing. Now it has added bitcoin mining to its portfolio. All these activities allegedly allow it to offer very generous investment plans.
The three plans offer 110% after 7 days (which means 42% net in one month), 5% daily for 30 days (50% net in one month) and 4% daily for 45 days (20% net in one month).
Is it a genuine investment opportunity?
Vario Bit scam
It should be general knowledge and obvious to everyone, 50% per month is impossible in any legit and sustainable business. Period. Any time you see an offer of this kind, you can walk away, because it is not a legit business. That’s the reality.
Forget about bitcoin mining, because of the low price of bitcoin nowadays it is not profitable, you would be happy to break even. 50% per month was not possible in bitcoin mining even when its price was peaking last December.
And 50% per month is of course not possible in traditional investing either. You have to realize that it is 50% net, which means that Vario Bit would have to make even more, because they won’t be working for free, right?
Vario Bit shows a tax registration from the UK, but it says nothing about the legitimacy of the company. They claim to be 10 years old, but as you can see, the registration is one year old. You can be sure that it won’t last another year.
If Vario Bit was a legit investment company, it would be registered with the Financial Conduct Authority. But it is not, as you can see on our picture, which makes it a company that provides investment services illegally!
How it really works
It’s obvious that Vario Bit is a Ponzi scheme. This means there is no real business activity going on, just a financial game. New deposits are used to pay withdrawals until the system collapses or the owners decide to run away with all the money.
In any case Vario Bit is doomed to fail, it is only a question of time.
Vario Bit is a scam that is going to collapse and take a lot of money with it.
Crypto mining is not profitable nowadays. It is possible to make money in crypto trading, but it takes time to build a profitable strategy. You can practice it on a free demo with a regulated broker.
Forget about free systems making you tens of percent per month, they all are scams.