SolarBit.biz Review. Is Solar Bit Scam or Legit?


SolarBit.biz Scam Alert!

 

Are you here to find out what is SolarBit.biz, either is SolarBit.biz a scam or a legit? If so then here, within our Solar Bit review, you are going to find out the complete truth about this company.

 

So, What is Solar Bit? Is Solar Bit a scam or a legit? Is Solar Bit safe to invest or not?

SolarBit is a combination of Ponzi and Pyramid schemes which both are illegal and unsustainable schemes. So, SolarBit.biz is a scam and isn't safe to invest money. If you don't know what is Ponzi scheme and Pyramid scheme, then you can click the following respective links:-

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

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

  

Now it is clear either is SolarBit a scam or a legit, what is SolarBit in real. However, if you want to find out more about this company, then also you don't have to search any other SolarBit reviews because here, within our SolarBit review, you are going to find out the complete details. So, you search for SolarBit.biz reviews ends here. However, after knowing the fact that SolarBit is a scam, if you don't want to find out more details on it, but instead want to find out the legit online money making opportunities, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/

 

Among all of those legit online money making opportunities, 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 SolarBit Global Limited review to find out in detail what is SolarBit Global Limited and why is SolarBit Global Limited a scam, a Ponzi Pyramid hybrid.


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SolarBit complaints. SolarBit fake or real? SolarBit legit or fraud?

Why is a SolarBit fraud company?

SolarBit is a fraud company due to the following reasons:-

  1. SolarBit hasn't provided any information about who and from where is operating the SolarBit and also has hidden those details within its WHOIS. Instead of providing the owner details, it has provided 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. SolarBit claims to pay its members up to 3% profit daily but fails to provide the proof of its income source. It hasn't mentioned clearly from where it can generate such amount of profit daily within its "About Us" section. Instead, it has only mentioned it can make a profit by investing in low-cost technology, blockchain and so on but hasn't provided any clear information regarding that.
  3. There is not any verifiable source of income coming into the SolarBit other than the money invested by the affiliates.
  4. If any company can generate profit to pay up to 3% daily on the deposit amount of members, then why that company needs to collect the investment from the several people and pay them 3% daily instead of taking a loan from a bank at much more lower rate, around 1% monthly? Don't you think that anyone who can make more than 3% profit daily 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 3% profit daily? So, this kind of business model proves itself to be a Ponzi scheme.
  5. The Ponzi schemes like SolarBit Global 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. SolarBit 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 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.
  7. There were 1000s of these kinds of companies which have already scammed the millions of money from various 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 warned people not to join these kinds of companies.

Aforementioned, SolarBit is a combination of two illegal schemes which are Ponzi and Pyramid schemes. So, SolarBit Global Limited is a scam. So, we have listed it within our Bad and Scams category.


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