What is BitPays.biz? Is BitPays Scam? BitPays Review


BitPays.biz is a scam. If you want to know why is BitPays.biz a scam, then you don't have to search any other BitPays reviews because here, within our BitPays.biz review, you are going to find out the complete truth about BitPays such as either is Bit Pays a scam or a legit, what is Bit Pays in real and so on.


BitPays complaints. BitPays.biz reviews. BitPays legit or scam?

BitPays login and join in link:- BitPays.biz (Not recommended to join, it's a scam)


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So, then why is BitPays a scam?

BitPays is a scam due to the following reasons:-

  1. BitPays is a combination of Ponzi and Pyramid schemes which are illegal schemes. So, that makes BitPays.biz a scam. If you don't know what is Ponzi and Pyramid schemes, then you can find the details by clicking the following two respective links:-
    Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/

    Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/

  2. The owner details of BitPays.biz is hidden within the WHOIS details and it has also not provided the name of the owner within its official website as well. None of the legit online businesses hide their owner details within WHOIS, only scam companies do.
  3. BitPays claims to be a registered company from Canada but there is not any proof for that.
  4. BitPays is a Ponzi scheme because it claims to pay its members up to 350% profit hourly for 3 hours by investing the money of members in bitcoin exchange and foreign exchange, but fails to provide the proof to support its claims. Actually, that is completely a bogus claim because, in reality, none of the real bitcoin or foreign exchange experts can guarantee such high rate of return in such a short period of time.
  5. If any company offers to pay up to 350% profit hourly for 3 hours on your investment, then that is 100% scam. None of the legit companies will offer you such high rate of return because legit companies can easily take a loan from a bank in less than 1% monthly rate whenever they need fund. So, the legit company will not collect the investment from the several people by paying them 350% profit hourly for 3 hours.
  6. The Ponzi schemes like BitPays only pay few members at starting by routing the money between the members in order to show the payment proofs so that they can lure more people into their scam and collect the huge amount of money and run away with that.
  7. Bit Pays also offers the referral commission up to 3 level referrals like MLM companies, but without selling any real products or services, just on the sales of its ROI plans which makes it another illegal scheme, known as a Pyramid scheme
  8. These kinds of business models are not a new thing. In the past 1000s of similar kinds of sites have already scammed millions of money from many people which once again proves BitPays is one of those scams.
  9. There were many companies like BitPays which even get caught by the legal authorities. Involving with these kinds of companies is a crime and legal authorities have already marked these kinds of business models as a scam.

Aforementioned, now it is clear that BitPays is an illegal and unsustainable company with unclear owner details. So, we have listed it within our Bad and Scams category.

 

So, now if you want to find out the legit online works and businesses so that you can make money online in real, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/ 

 

You can also find that we have rated each of those legit companies as per their performances among which Wealthy Affiliate has got high rating score. If you don't know what is Wealthy Affiliate and want to find out the details on it, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/ 


If you want to make your friends and families aware of this BitPays.biz scam, then please feel free to share this Bit Pays review with them.



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