Bitterex allegedly is a platform that allows you to earn money thanks to crypto trading and mining. It works on autopilot, so you just have to deposit and wait for “guaranteed” profits.
Currently there are five investment plans starting with 20% net per day and topping with 98% net per day.
So, what about this investment opportunity?
The main thing is that 20% – 98% per day is impossible in any real business, crypto trading and mining included. Only scams display such numbers.
We have to repeat that any investment service has to be licensed. Bitterex is allegedly based in London, so it has to be authorized by the Financial Conduct Authority.
But it is not, which makes it an illegal investment service. This fact alone should make you stay away from it.
How it really works
Bitterex obviously is a Ponzi scheme. This means that money will be collected from the public and some if it will initially be used for payouts.
As you can guess, such schemes always run out of money, since there is no real business activity generating profits, only an illegal financial game.
So, it is only a matter of time, Bitterex is certain to fail.
Bitterex is a scam of the Ponzi type, stay away from it, it can collapse any time soon!
If you are interested in genuine crypto trading, try a free demo account with a regulated broker to see how it works.
You have to practice and build a profitable strategy before eventually trading with real money.