UpBitDown Scam Alert:- You can find lots of warning signs within UpBitDown which easily prove UpBitDown is a scam. Yep, you hear us right. UpBitDown.com is a scam. Now maybe you want to find out why is UpBitDown a scam, what are the warning signs which make UpBitDown.com a scam, what is Up Bit Down in real and so on. If so, then you don't have to search any other UpBitDown.com reviews in order to find out what is UpBitDown.com in real and why is Up Bit Down a scam because here, within our UpBitDown.com review, we are going to provide you enough details which prove Up Bit Down is a scam. So, your search for UpBitDown reviews ends here.
OK, let's find out first of all what is UpBitDown in real?
UpBitDown claims to be a company investing in binary trading platform but in reality it is just a Ponzi scheme, means an illegal scheme which is not here to pay its all members, but only to pay few members at starting in order to show the payment proof so that it can lure more people into its scheme and run away with big amount of money.
If you don't know what is Ponzi scheme and how that is operated, then you can find the details by clicking this link: newsonlineincome.com/ponzi-scheme/
OK, let's continue with our Up Bit Down review to find out why is UpBitDown a Ponzi scheme.
Ads by Media
End of Ads by Media
UpBitDown login and join in link:- UpBitDown.com (Not recommended to join, it's a scam)
We already made you clear that UpBit is a scam because it is a Ponzi scheme. Now let's find out why is it a Ponzi scheme.
UpBitDown claims to pay up to 5% daily interest rate on the investment amount of the members. Now, why any company will like to take the investment from several people by paying them 5% daily interest rate when there is a much cheaper way to raise a fund for the company which is a banking loan. Any legit company can take bank loan by paying less than 1% monthly interest rate, so why it is raising a fund by paying 5% daily interest rate. So like other similar kinds of Ponzi schemes, it fails in this logic test and proves itself to be a Ponzi scheme.
On the other hand, none of the genuine traders can guarantee any fixed rate of return, at least not 5% daily interest rate by trading in binary options because binary options is a very risky platform where there is equal chance to lose and make a profit. So, this once again proves UpBit is lying about its business.
UpBitDown is also a Pyramid scheme because it offers the 4 level affiliate program 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.
UpBitDown hasn't provided any information about who is operating and running the company and that information is also hidden in the WHOIS details. In online business industry, mostly scam companies hide their owner details. Actually, we haven't found any legit online works or businesses hiding their owner details.
In the past 1000s of companies similar to the Up Bit Down have already scammed millions of money from many people which once again proves UpBitDown is one of those scams. Some of those companies even get caught by the legal authorities. Involving with these kinds of companies is a crime and legal authorities have already issued a warning to the general public to stay away from these kinds of companies.
Aforementioned, now it is clear that UpBitDown is a Ponzi Pyramid hybrid with unclear owner details. So, Up Bit Down is a scam and we have listed it in our Bad and Scams category.
So, now if you want to find out the legit ways to make money online, then you can find some genuine online works and businesses listed on this page:- newsonlineincome.com/legitimate-work-home-businesses/
Please spread the awareness about this UpBit scam by sharing this UpBit review through your social media accounts:-
Your comment is valuable to us. So, please feel free to leave your comment below if you have any queries related to UpBitDown or want our help in relation to online business industry.
We will be more than happy to hear from you and help you.