What is Colobit? Is Colobit a Scam or a Legit?

Colobit.biz is a combination of Ponzi and Pyramid schemes which makes it an illegal company. So, we have listed Colobit within our Bad and Scams category.


If you don't know about Ponzi and Pyramid schemes, 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/


So, if you are searching for the Colobit reviews to find out the answers to the queries like what is Colobit.biz in real, either is Colo bit a scam or a legit, either is Colobit good or bad, either is Colobit real or fake, then you don't have to search any further Colobit.biz reviews for that because you can find in detail what is Colo bit in real within our Colobit review here.


Actually, Colobit is a scam. If you want to know why then you can find the details within our Colobit.biz review here later.


But, after knowing the fact that Colo bit 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 legit companies for that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/


Although we have listed several kinds of legit companies from where you can make money online, but also our No. 1 recommendation for that 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 Colobit review to find out in detail what is Colobit.biz in real and why is Colobit scam.

Colobit legit or scam? Colobit complaints. Colo bit reviews.

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

Why is Colobit.biz a scam?

Colobit.biz is a scam due to the following reasons:-

  1. Colobit is a Ponzi scheme because it claims to pay its members up to 115% profit in 15 days by investing the money of members in cryptocurrency trading, but fails to provide the proof to support its claims. Actually, that is completely a bogus claim because in reality none of the legit cryptocurrency traders or miners can guarantee such high rate of return in such a short period of time. The real company which deals with cryptocurrencies like GenesisMining never can guarantee the fixed rate of return in fix period of time. If you don't know what is Genesis Mining and want to find out the details, then you can click this link:- newsonlineincome.com/genesis-mining/
  2. The business model of Colobit itself proves it is a Ponzi scheme because if some company can pay up to 115% profit in 15 days, then why that company has to collect the investment from several people to invest in their project by paying them 115% in 15 days instead of simply taking a loan from a bank in much more lower rate, less than 1% monthly, means less than 112% in a year? So, their business model doesn't make any sense same like other Ponzi schemes.
  3. 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 Colobit is one of those scams.
  4. The owner details of Colobit is completely hidden within a WHOIS and it hasn't provided the real information about who and from where is operating and running the Colobit.biz within its official website as well except the registered document from the UK Companies House. 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 the UK Companies House, please click this link:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
  5. The Ponzi schemes like Colo bit 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.
  6. Colobit 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 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.
  7. There were many companies like Colobit 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 Colobit is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.

Please feel free to share this Colo bit review with your friends and families to warn them about this Colobit.biz scam:-

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Good Luck!