What is MegaBitchain? Is MegaBitchain Scam or Legit?

There is no doubt that MegaBitchain is a scam because it 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 that 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, now you know clearly either is MegaBitchain.com a scam or a legit, what is Mega Bitchain in real. However, you can find more details on MegaBitchain within our MegaBitchain.com review here, for that you don't have to search any other MegaBitchain reviews.


However, after knowing the fact that MegaBitchain.com is a scam company, if you don't want to find out more details on it, instead want to find out the real ways to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/


Among all of those real ways to make money online, our No.1 recommendation is Wealthy Affiliate about which you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/


OK, let's continue with our Mega Bitchain review to find out in detail what is MegaBitchain.com and why is MegaBitchain a scam, a Ponzi Pyramid hybrid.

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MegaBitchain complaints. MegaBitchain.com reviews. MegaBitchain legit or scam?

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

MegaBitchain review. Let's find out more why is Mega Bitchain a scam.

Aforementioned, it is already clear that Mega Bitchain is a scam, but also still we are providing additional details as below to make you more clear.

  1. The owner details of MegaBitchain is completely hidden within a WHOIS as well as they haven't provided the real information about who and from where is operating and running the Mega Bitchain except the registered document from the UK Companies House. But, that is not a big deal and 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 to take a look at our this post:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
  2. If any company can generate profit to pay up to 16% daily for 300 days on the investment amount of members, then why that company needs to collect the investment from the several people and pay them 16% daily for 300 days instead of taking loan from a bank at much more lower rate, around 1% monthly? Don't you think that anyone who can make more than 16% daily profit will like to take a loan from a bank by paying less than 1% monthly, if not a business loan, then a personal loan instead of taking investment from several people and paying them 16% daily? So, this kind of business model itself proves that it is a Ponzi scheme.
  3. The Ponzi schemes like MegaBitchain 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.
  4. MegaBitchain claims it uses the investment of members in bitcoin trading to make the profit. But, that is a bogus claim because none of the real bitcoin traders can guarantee such high rate of return in such a short period of time. The real bitcoin trading and mining companies like GM never can guarantee the fixed rate of return in fix period of time. If you don't know what is GM and want to find out the details, then you can find that by clicking this link:- newsonlineincome.com/genesis-mining/
  5. Mega Bitchain is also a Pyramid scheme because it offers the referral commission up to 3 level downlines same like MLM (Multi-Level Marking) companies, but on the sales of 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.

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

Please feel free to share this MegaBitchain review with your friends and families to warn them about this MegaBitchain.com scam.

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Good Luck!