What is BTC Wait? Is BTCWait Scam or Legit?

BTCWait.com is a scam because BTC Wait is a combination of two illegal schemes, Ponzi and Pyramid schemes. If you don't know what is Ponzi and Pyramid scheme, then 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/


Now maybe you want to know why is BTCWait a Ponzi Pyramid hybrid. Well, you can find that later in our BTCWait review here. So, if you are searching for the BTCWait reviews to find out either is BTCWait a scam or a legit, what is BTCWait.com in real, then you don't have to search any further BTCWait.com reviews for that. We are here providing the complete truth about BTCWait.


But, after knowing the fact that BTC Wait is a scam, if you don't want to find out more details on it but instead want to find out the real ways to make money online, then you can find the list of real money making opportunities by clicking 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 BTCWait.com review to find out in detail what is BTCWait and why is BTC Wait a scam, a Ponzi Pyramid hybrid.

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BTCWait complaints. BTC Wait reviews. BTCWait legit or scam?

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

Why is BTCWait.com a scam?

BTCWait is a scam due to the following reasons:-

  1. BTCWait.com hasn't provided the real information about who and from where is operating the BTC Wait except the registered document from the UK Companies House. But, that is not a big deal because anyone can provide the 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/
  2. BTCWait is a Ponzi scheme because it claims to pay its members up to 10% daily profit for 15 days or up to 1800% profit in 70 days, but fails to provide the proof from where it can make such huge amount of profit. There is not any verifiable source of income coming into the BTCWait other than money invested by the affiliates.
  3. The business model of BTCWait itself proves it is a Ponzi scheme because if some company can pay up to 10% daily profit for 15 days or up to 1800% profit in 70 days, then why that company has to collect the investment from several people to invest in their project by paying them 10% daily profit for 15 days or 1800% profit in 70 days instead of simply taking a loan from a bank in much more lower rate, less than 1% monthly, means less than 112% a year? So, their business model doesn't make any sense same like other Ponzi schemes.
  4. The Ponzi schemes like BTC Wait Limited 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. So, don't fall for these kinds of companies because it is 100% confirmed that they will stop paying very soon later.
  5. BTCWait is also a Pyramid scheme because it offers the affiliate commission up to 4 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 affiliate 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.
  6. 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 BTCWait is one of those scams.
  7. There were many companies like BTCWait 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 BTCWait is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.

Please spread the awareness about this BTCWait.com scam by sharing this BTC Wait review through your social media accounts:- 

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