What is Bitpenta.com? Is Bit Penta Scam or legit?
If you are looking to know more about Bitpenta.com and how does this company actually works, then you are reading the right article. In this BitPenta Review, we are going to discuss some of the frequently asked questions related to this company such as, Is BitPenta Scam? Or is BitPenta Legit? Or is BitPenta Real? Or is BitPenta Fake?
If you do not want to read the whole article and want direct answer then we must tell you that we do “Not Recommend” BitPenta to our readers because this company works as “Ponzi scheme“. Ponzi scheme is a scheme used by some companies in which they pay their existing members from the money invested by its new members.
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How does BitPenta work?
The company claims to be a specialized in providing profitable cryptocurrency investment and bitcoin mining solutions, although there is no further mention about this working in the website. The company is asking its investors to invest in the company for getting lucrative interest and benefits. BitPenta offers three types of investment plans which includes 0.42% of hourly interest forever including minimum amount of 0.001 BTC and maximum amount of 2 BTC; 0.49% of hourly interest forever including minimum amount of 2.001 BTC and maximum amount of 5 BTC; and 0.54% of hourly interest forever with minimum amount of 5.001 BTC and maximum amount includes no limit. Offering this much high interest on hourly basis is huge and it raises question that from where BitPenta is providing this much amount to its investors. The genuine companies work under some kind of structure and that’s why they provide limited interest but companies like BitPenta raises question on their credibility and makes clear that it is working as ponzi scheme.
BitPenta also provides referral commission to its investors on three levels. Under this referral program they offer 10% commission on direct referrals, 3% commission on second level, and 2% commission on third level. Now we are saying the same thing here also that BitPenta does not have any income source from where this company is generating revenue for itself and its clients. They are working under ponzi scheme. The only source of their income is money invested by its new investors. We can say this with surety that in future this company is going to collapse due to the lack of unsustainability. Providing such high rate of interest along with referral commission raises doubt in everyone’s mind.
The company has also provided its registration certificate which states that BitPenta is a registered UK Company under BITPENTA LIMITED name with company number 11054604. We think that this certificate is not enough to prove its credibility because this certificate is easily available to every company by paying the amount of 20 GBP. Scam sites use to buy this certificate for proving themselves trustworthy and there are many websites in our Not Recommended list which owns this certificate and later turned out a scam site. Therefore this certificate does not prove company’s legitimacy.
The owner information is not given in the company’s website and they have also guarded their information in WHOIS record. Transparency is one the important aspect of credibility and this company is hiding its information because they do not want to reveal their identity to their members. Many scam sites choose to hide their identity because they know that after some time they are going to run away with their investors’ money. BitPenta also decided to hide its identity from its members which raises questions on its intention.
BitPenta is “Not Recommend” by us due to above mentioned reasons. There are no shortcuts which can help you earn money overnight; you will have to work hard for earning money. BitPenta is not genuine because of its working as ponzi scheme which is unsustainable. We advise our readers to beware of such sites which are luring you for good money.
If you want to know about a genuine website which can help you in earning money online then we want to recommend you “Wealthy Affiliate.” This company offers various online training programs which helps its users in earning money online. If you are interested in reading a detailed review of Wealthy Affiliate then you can go through it by clicking the link: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
If you have any Question on your mind related bitpenta then please drop a comment in our comment box. We will happy to help you.