USUAL SCAM: Cripton-Bit review

Cripton-Bit websiteIn this review we explain why you have to stay away from Cripton-Bit.

Cripton-Bit is an online program that combines several income streams that are supposedly based on crypto trading and a referral programs.

For example, the investment program is supposed to make you 40% per month on your investment.

Is this a genuine investment opportunity?

Cripton-Bit scam

Scam structureWhen you see a program that offers tens of percent per month and a referral program with structures several levels deep with rewards like fancy cars, you can be sure that it is a scam.

First of all, 40% per month is impossible to achieve in any legit business. This is the number that made Bitconnect fall, it really is not sustainable and only Ponzi schemes can offer it.

This type of business is not doing any real activity like trading, it is just collecting money and redistributing it until it fails because of not enough new money coming into the system. It will collapse, it is just a matter of time.

Illegal operation

Illegal companyCripton-Bit is clearly offering investment services, which is a regulated activity in most countries. So, it needs a valid license in every country it is targeting.

But Criptobit obviously is not regulated at all, so it cannot even operate legally in countries it claims to be based in.

Conclusion

Cripton-Bit is a scam that combines a Ponzi scheme with an MLM structure, stay away from it!

If you want to earn money in crypto trading, start learning on a free demo account with a regulated broker.

You will see what it takes to achieve real profits and what are the risks associated with trading.

 

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