What is Biteco.biz? Is Biteco Scam or Legit?

What is Biteco.biz? Is Biteco Scam or Legit?


If you are searching the web to know more about Biteco.biz, then you have reached at the right destination. With the advent of Cryptocurrency and its high potential created a new investment market for the world. Bitcoin investment is new and many players are gaining advantage of the increasing price of bitcoin. Midst of all, many companies are working on ponzi scheme phenomenon. Some question may arise, like is Biteco Scam? Or is Biteco legit? Or is Biteco Real? Or is Biteco Fake? In our Biteco Review we are going to give answer of all the questions about Biteco. If you do not want to read full article then, we do Not Recommend this site. Since it is working on ponzi scheme it will soon going to collapse. Ponzi schemes are the schemes in which company pays to its member from the money invested by new members.

Online companies are also working very genuinely. We have prepared a list of some good sites in our webpage. You can access it by clicking the link: https://onlineincomeresources.com/legitimate-work-at-home-opportunities

In our webpage or in list of good sites we have given the top rank to Wealthy Affiliate Company. It has been working from last 12 years and gained a reputation for itself. We have made a detail review of Wealthy Affiliate Company which you can access after clicking the link: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit


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What is Biteco.biz Is Biteco Scam or Legit Is Biteco Real or Fake Biteco Review Biteco


How does Biteco works?

Bitcoins is created by a network of computers that use specific software, which solve the mathematical problems. Biteco Company claims to have a team of mining experts involve in the business of digital currency sector. But they did not provide any information of experts on their site. They did not even provide the information of the owner of the website or company. Transparency is needed to build a trust and especially where money is involved. The company has also guarded their identity in WHOIS records. It means they have intentionally not providing their information. People hide so they can do what they want without being responsible. Credibility of this company on transparency level is zero.

Let’s talk about the legality of company. Biteco Company is based in UK. They are registered as a limited company in UK Companies Registration with Company name: BITECO LIMITED and company number: 10984828. They have also provided the certificate of registration on their website. Other companies in this market which are already not recommended from us, has also shown the registration of certificate from UK Companies Registration. According to our research the company registration can be done in UK companies by paying just 20 GBP. It is not hard to acquire registration from UK Companies. It means that they proof of being legal or authentic has no firm base.

Company claims in their FAQs that, they are offering a cooperative investment strategy. This strategy does not involve any risk. But we all know every investment markets are subject to market risks. Investment market is volatile in nature. So their claim of zero risk is bogus.

Investment plans are the base of any investment company. Biteco has a very exciting investment plans. First Plan, 3.12% interest daily on minimum deposit of 0.001BTC and maximum deposit of 0.5BTC. Second Plan, 3.6% interest daily on minimum deposit of 0.501BTC and maximum: 1BTC. Third Plan, 5.04% interest daily on Minimum deposit of 1.001BTC and maximum deposit has no limit. Numbers may seen to be very profitable but in reality they act like a trap to attract investors. Interest rates are very high and it is impossible for any company to sustain for long on such a high returns. It Biteco pay to its members as the company claiming, then Biteco Company will soon going to collapse. Investing your hard earned money on a company which has no future is not wise choice.

Every website offers an affiliate programs which help them to increase a traffic on their website. Biteco offers 5% commission on every referrals made by the user. For this no investment required. Anyone can register on their website and earn through referrals. It is not easy to earn from referrals that is why company is offering high commission so that people work for them. High number of commission is making biteco business model more unsustainable. This company is not going to give any profit in future.

Conclusion

We do Not Recommend this site due to reasons stated in above paragraphs. We advice our readers avoid such websites. They are no good to anybody. Bitcoin is the new currency and it investment market is still in its nascent stage. Websites like Biteco taking the advantage of people ignorance to generate their revenue. Beware of website who is offering high returns because it is not viable for any company to pay members for long.

Many companies like Wealthy Affiliate Company have been providing different ways to earn money. We have made a detail review of Wealthy Affiliate Company in our site. You can visit the page by clicking the link given below: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit


If you have any queries regarding Biteco feel free to ask by dropping your precious comment in the comment box.