Are you here because you were searching for the Bitquant reviews in order to find out the answers of your queries like what is Bitquant in real, either is Bitquant.xyz scam or legit, either is Bitquant a Ponzi scheme or not and so on? If so, then your search ends here because here, within our Bitquant review you are going to find out the complete truth about Bitquant. Actually, the short answer for your all of queries is that Bitquant.xyz is not a good company because it is a Ponzi scheme which is not a legal business. So, we have listed it within our Bad and Scams section. If you want to know why, then you can find the details within our Bitquant.xyz review as below. But, after knowing the fact that Bitquant is a scam, if you don't want to find out more details on it, but instead want to find out the real opportunities to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
When we recommend any online works and businesses, the major factor that we consider is their business model legality and sustainability and their owner's background. For example you can take a look at our No.1 recommended online work company to find out what kind of company we have rated as a No.1 by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
But in case of Bitquant, its business model is neither a legal, nor a sustainable and the owner's background is also not clear. OK, let's find out more about Bitquant through our Bitquant review as below.
Bitquant login and join in link:- Bitquant.xyz (Not recommended to join, it's a scam)
Bitquant.xyz is a combination of Ponzi and Pyramid schemes. If you don't know what is Ponzi and Pyramid scheme, then that is neither a legal, nor a sustainable business. So, Bitquant is a bad company which is not online to pay for a long time, but only online to pay at starting for few days or months to lure more people into its scheme so that it can collect the huge amount of money from several people and run away with that money.
You can find more details on Ponzi and Pyramid schemes by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
Bitquant offers high rate of return to its members/investors without having any real source of income and pay the existing members using the money invested by new members, so it is a Ponzi scheme. Bitquant also offers the referral commissions up to 3 levels of referrals like MLM companies, but on the sales of its Ponzi ROI plans. So, any company which pays referral commissions without selling any real products or services like legit MLM companies, just on the sales of Ponzi ROI plans, then that company is categorized as an illegal scheme known as a Pyramid scheme. So, Bitquant offers both Ponzi and Pyramid business plan, so it is completely an illegal company.
Although Bitquant has claimed that it can pay up to 10.41% hourly for 24 hours, means around 250% profit within a day to its members/investors by using the investment of members in e-currency trading, but fails to provide the verifiable proof to support its claim. On top of that, none of the real e-currency traders can guarantee such high rate of return in such a short period of time. So, that proves itself its claims are bogus.
Actually, you can think yourself. If some company can pay up to 250% profit to their investors within a day, then why they need to collect the investment from several people and pay them 250% profit daily? Don't you think those kinds of companies can easily take a loan from a bank in much more lower rate, less than 1% monthly interest rate? Even if they can't take a loan in the name of the company, they can take a personal loan. After all, paying 1% monthly interest rate will help them to make much more profit than paying 250% profit daily to their investors. So, this proves their business model is a bogus.
If you check the website of Bitquant, then you can't find out any real information about who and from where is operating the Bitquant. Yep, in their website they have provided the registration document from UK Companies House and claimed themselves to be the worldwide investment company. However, that registration is not the license to run an investment company, but that is just for a tax purpose which anyone can register by paying only 20 GBP and providing the fake address. Yep, the address which they have used to register their company in UK Companies House is not their real address, but just a virtual address which anyone can rent from virtual address services. On top of that, there were tons of Ponzi schemes similar to Bitquant which used to have such registration document from UK Companies House, but now already turned into scam which proves that having such document doesn't stop anyone from scamming people.
Aforementioned, now it is clear that Bitquant is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.
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