TERRIBLE SCAM: HowellBit review

HowellBitThis review explains that HowellBit is an investment scam that has nothing to do with crypto mining.

HowellBit pretends to be the biggest mining company that is using modified ASIC devices, so it can generate big profits.

With their investment plans you can allegedly get more than 100% of your investment in profits every day. Really?

HowellBit scam

Plans are scamIn reality with current prices of cryptocurrencies mining is barely profitable. A lot of miners now mine just because they believe prices will go up and that they will again make profits.

So, anybody claiming they can make 745% in 5 days in mining are scammers, period. This has been never possible, even when prices of cryptos were at their peaks in December and January.

Illegal operation

No license whatsoeverHowellBit is showing a company registration from the United Kingdom, but it means nothing. If you want to provide investment services, you have to be registered with the Financial Conduct Authority.

But as you can see on our picture, HowellBit doesn’t have a licence, and this means that it is an illegal operation.

How it really works

HowellBit is in reality a Ponzi scheme, there is no mining going on. It means that profits are paid with new deposits and this scheme will collapse the day when withdrawals exceed deposits.

This is how all these scams end, there is no other way.

Conclusion

HowellBit is a scam that has nothing to do with mining, you have to stay away from it!

It is very hard to make money in mining these days, but if you really are interested in cryptocurrencies, you can try trading them. In this case start on a free demo with a regulated broker.

Please understand that in trading you can make, but also lose money, so be careful and responsible.

Summary
Review Date
Reviewed Item
HowellBit
Author Rating
21star1stargraygraygray

Leave a Reply

Your email address will not be published. Required fields are marked *