What is Bitatom.biz? Is Bitatom Scam or Legit?
If you are searching for information about bitatom then that means you have come across bitatom.biz. For anyone who has been on this site the first question to ask would be, is bitatom legit? Or is bitatom scam? You are on the right page if these are the questions that are running through your mind right now. This bitatom review seeks to cover all the relevant information you need to know about this website. The most important thing to know is that bitatom.biz is a Ponzi scheme which is cleverly designed to earn your trust and later on, pull the rug under from you. Continue reading this review to find out exactly how they are able to pull this Ponzi scheme.
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Let’s start our Bitatom review as given below.
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How does Bitatom.biz work? Why We do not recommend it?
Bitatom is a cryptocurrency website which offers Bitcoin mining services . It is registered in Scotland and offers an hourly interest rate on your return on investment. The website is professionally designed and gives you the feeling that you are on the right place. They offer three investment plans to pick from. The first package offers you a 0.4% hourly interest rate for a minimum deposit of 0.001 BTC and maximum deposit of 10 BTC. The second package offers you a 0.47% hourly interest rate for a minimum deposit of 10.001 BTC and a maximum deposit of 25 BTC. The third package will offer you a 0.5% hourly interest rate for a minimum deposit of 25.001 BTC. The interested rates are offered for a lifetime. There is no company in the world which can be able to sustain such a high hourly payout and still remain profitable in the long run.
Bitatom uses the funds they receive from the new members to pay the existing members. This recurrent transaction creates an illusion of a working business model. Thus the whole business model is dependent on the fact that the number of new members is always more than the number of current users. That is the reason why the company has a referral program geared to achieving this same purpose. The referral program has three levels of interest. For a first level, you will be able to earn 5%. For a second level, you will be able to earn 2%. For the third level, you will be able to earn 1%.
The business model breaks down the moment the number of current users becomes more than the new members. At first, the company will make payments in order to convince you to invest more of your Bitcoins. When their business model breaks down, the company will shut down and make a run with all your Bitcoin investment. This is the moment when you realize that the rug has been pulled from under you. The company is registered privately and there is no information about the owner provided anywhere. This is a clever way of making sure they get away clean with your Bitcoins. It is impossible to get your Bitcoins back if you don’t know who took it in the first place. Stay away from this website if you value your hard earned Bitcoins.
As we said before, Bitatom.biz is a ponzi scheme which will be collapse very soon. So, We recommend you to stay away from this site. If you are looking for good companies to make money online then you can find list of those companies by clicking this link https://onlineincomeresources.com/legitimate-work-at-home-opportunities
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if you have any question about Bitatom or want to ask about any other companies, then please feel free to ask by dropping your comment below. We are happy to help you.