Bitdax Global is supposed to be an online program that allows you to invest money into cryptocurrencies and get daily 1% returns. On top of that you can also get money for referring other people to the system.
Is it a genuine investment opportunity?
Stay away from Bitdax Global
The problem with Bitdax Global is that it is not transparent at all. The information given on the website is confusing and it is not clear what the business is about. But it probably is done on purpose.
Because 1% daily returns, which means 30% monthly, are not possible to achieve in current cryptocurrencies markets. Since the beginning of the year we are in bearish markets. This is why we strongly believe that Bitdax Global is in reality a Ponzi scheme.
Ponzi schemes used money from new deposits to pay out withdrawals, but they quickly collapse, because there will always be the day when withdrawals exceed deposits.
But Bitdax Global has only a tax registration in the UK, it is not authorized by the Financial Conduct Authority to provide investment services.
This means that Bitdax Global is a company that is acting illegally.
We recommend staying away from Bitdax Global, because it is behaving illegally.
If you want to see what profits are currently possible with cryptocurrencies, try a free trading demo with a regulated broker.
You will see that you can make money, but profits cannot be the same every day.