What is Piggy-Bank.io? Piggy-Bank.io Review


Piggy-Bank.io is definitely a scam. However, if you want to know why is Piggy-Bank.io a scam, what is Piggy Bank Limited in real, then you don't have to search any other Piggy-Bank.io reviews for that because here, within our Piggy Bank review, we are going to provide the complete truth about Piggy-Bank.

 

So, why is PiggyBank a scam?

 

Piggy Bank is a scam because it is a combination of two illegal schemes and those are Ponzi and Pyramid. If you don't know what are 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/

 

Now maybe you want to know why is Piggy-Bank.io a Ponzi Pyramid hybrid. Well, you can find that later in our Piggy Bank Limited review here.

 

But, after knowing the fact that Piggy-Bank.io 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 PiggyBank review to find out in detail what is PiggyBank in real and why is Piggy Bank Limited a Ponzi Pyramid hybrid.


Piggy-Bank.io complaints. Piggy Bank Limited reviews. Piggy-Bank.io legit or scam?

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


What is Piggy Bank Limited a scam, a Ponzi Pyramid hybrid?

Piggy Bank Limited is a scam, a Ponzi Pyramid hybrid due to the following reasons:-

  1. Piggy-Bank.io hasn't provided the real information about who and from where is operating the Piggy Bank 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. As per the UK Companies House registration details, Piggy B. Limited is registered on 6 June 2017 and in their website they have claimed that they are in the market officially from 2011 which proves they are lying about their company's age just to show they are an old company but in reality, they are not.
  3. Piggy-Bank.io is a Ponzi scheme because it claims to pay its members up to 0.22% hourly profit, means 5.28% daily profit by investing the money of members in cryptocurrency market, but fails to provide the proof to support its claims. There is not any verifiable source of income coming into the Piggy-Bank.io other than money invested by the affiliates. 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/
  4. The business model of Piggy-Bank.io itself proves it is a Ponzi scheme because if some company can pay up to 5.28% daily profit, then why that company has to collect the investment from several people to invest in their project by paying them 5.28% daily profit instead of taking a loan from a bank in much more lower rate, less than 1% monthly, means less than 12% a year? So, their business model doesn't make any sense same as other Ponzi schemes.
  5. The Ponzi schemes like Piggy Bank 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.
  6. Piggy Bank Limited is also a Pyramid scheme because it offers the affiliate commission up to 2 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. In the past 1000s of similar kinds of sites have already scammed millions of money from many people. Some of them 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 Piggy-Bank.io is an illegal and unsustainable company. So, we have listed it within our Bad and Scams category.


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We love to hear from you. So, please feel free to leave your comment below if you want to report anything about Piggy Bank Limited or want our help in relation to online business industry.

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Good Luck!