What is Bitzz.io? Is Bitzz Scam or Legit? Bitzz Review.


Bitzz.io is a scam because it is operating two illegal schemes known as Ponzi and Pyramid schemes. So, Bitzz is an illegal company which can't be sustained for a long time and can be collapsed anytime. These kinds of companies never warned their members before they decide to shut down their company. Actually, these kinds of companies are opened with the intention of scamming people.

 

Now it is clear either is Bitzz.io a scam or a legit company, what is Bitzz Mining Ltd in real. So, you don't have to search any other Bitzz reviews in order to find out either is Bitzz safe to invest or not. Obviously, it is not a safe place to invest our money and we have already provided you the brief explanation to make you clear why is Bitzz a scam. But, if you want to find out more details on Bitzz.io, then you can find that within our Bitzz.io review here. For that also you don't have to search any other Bitzz.io reviews.

 

However, after knowing the fact that Bitzz is a scam, if you don't want to find out more details on it but instead want to find out the legit online businesses so that you can make money online in real, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/

 

Although we have listed several kinds of legit ways to make money online, our No. 1 recommendation is Wealthy Affiliate. If you don't know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/

 

OK, let's continue with our Bitzz review to find out in detail what is Bitzz in real and why is a Bitzz.io scam.


Ads by Media


End of Ads by Media


Bitzz complaints. Bitzz Mining Ltd reviews. Bitzz legit or scam?

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


Why is Bitzz Mining Ltd a scam?

Bitzz Mining Ltd is a scam due to the following reasons:-

  • Bitzz Mining Ltd is not a real cloud mining company. It fails to provide the proof of its physical mining location which proves it is not mining the cryptocurrency in real.
  • The business model of Bitzz is a combination of two illegal schemes and those are Ponzi and Pyramid schemes about which you can find the details by clicking the respective links as below:-

    Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/

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

  • If you do the reality check, then you can find yourself that Bitzz.io is a Ponzi scheme because it is claiming to pay $0.2 profit hourly, means 4.8% profit daily by using the investment of members in cloud mining. However, that is completely a bogus claim because, in reality, none of the legit cryptocurrency miners can guarantee such high rate of return daily. The real cryptocurrency mining companies like GenesisMining never can guarantee the fixed rate of return in fix period of time. If you don't know what is GenesisMining and want to find out the details, then you can find that by clicking this link:- newsonlineincome.com/genesis-mining/
  • Let's do again another reality check, then you will find out the business model of Bitzz itself proves it is a Ponzi scheme because if some company can pay up to 4.8% daily profit, then why that company has to collect the investment from several people to invest in their project by paying them 4.8% daily instead of simply taking a loan from a bank in much more lower rate, less than 1% monthly? So, their business model doesn't make any sense same as other Ponzi schemes.
  • Like other similar kinds of scams, it has also provided the UK Companies House document in order to show itself legit, but that is not a big deal because anyone can provide fake details to register a company in UK Companies House. In order to find out how the companies are registered in UK Companies House, we suggest you take a look at our this post:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/

  • Bitzz.io is also a Pyramid scheme because it offers the affiliate commission up to 3 level downlines same like MLM (Multi-Level Marking) companies, but on the sales of its ROI Ponzi plans, not on the sales of any real products or services. So, if any company offers the referral commission up to multi-level downlines without selling any real products or services, then that company falls into an illegal scheme known as a Pyramid scheme.
  • 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 and legal authorities have already warned not to involve with these kinds of businesses which once again proves Bitzz Mining Ltd is a scam.

Aforementioned, now it is clear that Bitzz.io is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.


Please feel free to share this Bitzz Mining Ltd review with your friends and families to warn them about this Bitzz Mining Ltd scam.



We love to have a comment from you. So, please feel free to leave your comment below if you have to say anything about Bitzz or want our help in relation to online business industry.

We will be more than happy to help you and hear from you.

Good Luck!