Bit Trading CC LTD claims to be a company that is specialized in trading and mining digital coins, aka cryptocurrencies.
Bit Trading offers several investment programs with returns on investments ranging from 6% to 18% daily. This means 2190% to 6570% per year.
These numbers are huge, so is it a legit opportunity?
Bit Trading scam
We have to repeat it again and again, any offer with daily returns of several percent has to be a scam. There is no other way. This is just the economic reality of our world, no legitimate business can do 180% monthly forever.
Fake company, illegal business
You have to realize that Bit Trading just made a registration for tax purposes, so this registration does not say anything about the nature of its business. Almost anybody can register a company this way.
And while the presentation might suggest that it is a well-founded company with 6 million pounds, it is not true. A quick look at the basic document from the Companies House shows that this capital is unpaid, meaning that the company has not this money.
Another important thing is that Bit Trading clearly provides investment services, which is a regulated activity in the UK. It requires a license from the Financial Conduct Authority.
But Bit Trading is not registered with the FCA, which means that it is operating illegally.
How it really works
So, what is the true nature of Bit Trading? It is Ponzi scheme. It means that it collects money from the public and initially it pays interests using new deposits. In other words it is a pyramidal financial game.
At the beginning it pays out profits to attract more investors, but Ponzi schemes always collapse in the end. Either because there is not enough new deposits to pay the profits, or because people who run the scam take all the money and run away.
Bit Trading is an investment scam that will collapse sooner or later, because this is how Ponzi schemes end. Stay away from it!
To be clear, it is possible to make money in trading cryptocurrencies, but not hundreds of percent per month. You can try a free demo account to see what it possible and how it works.
You first have to build a profitable strategy in testing, before you can start trading with real money.