What is Bitside.io? Is Bitside Scam or Legit?
If you are exploring the internet to know more about Bitside.io, you are reading the right article. Bitcoin still is in nascent stage, nobody knows it’s potential yet. Investment in bitcoin resulted in good investment for many people around the globe. But now, scam sites are working to take the advantage of this new investment market by fooling the people into profitable claims. Some doubts may arise like, is Bitside Scam? Or Is Bitside Real? Or Is Bitside Real? Or Is Bitside Fake? To make you understand the answer of these questions more thoroughly, we are writing this Bitside Review. If you need to know the crux of this article, then we do not recommend Bitside site because it is working on the ponzi schemes. In ponzi schemes people pay to its existing users from the investment made by its member.
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How does Bitside works?
Bitside does not provide any information about who is the owner of this company. They have declared themselves as registered limited company in UK Companies Registration under Company name: BITSIDE LIMITED and company number 11031529. Registering a company in UK Companies is not big deal you have to just pay 20GBP for registering any ABC company. It does not make this company an authentic due to above reason. They did not even declare who is going to invest user’s money on their behalf. Neither they declare any experts in their company nor do they provide any information for the same. Such high discrepancy makes their credibility as an investment company very low.
Investment plan of Bitside is very attractive. There are 3 investment plan giving 10, 12 and 15% interest daily forever on different investment. The maximum limit of investment is 300BTC on their homepage. But in their FAQs they have said ‘no maximum limit on deposit’. Both facts are contradicting each other. One, they are already giving high interest rate which is highly unsustainable for any business entity and second no maximum limit is the absurd. If the company pays as they are claiming then this company will soon get collapse because they will not earn much revenue to earn and not able to pay to the investors. Once the company gets collapse they will run away with investors’ money leaving no trail. This is also the main reason why such sites hide owner information.
Bitside also have 2 level referral programs. They are giving 5% and 2% on each level. These numbers makes company nusiness model more unsustainable because referral commissions are too high. It is not wise to put your hard earned money in this site which has no future.
We do not recommend Bitside Company due to number of reasons stated above. Keep save you money from such site by avoiding it bluntly. Have some wisdom that no one going to pay daily such a high interest because it is not viable. Why they are offering then, because they want to make people fool and loot their money for themselves. People get easily on their trap due to lucrative schemes.
There are many sites on the internet which are working hard to help people earn money online. Wealthy Affiliate Company is one such site which has various online training programs. Through its programs it helped many people to earn money online. We have provided a detail review of Wealthy Affiliate Company you can read about it by just clicking the link give: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
If you have any more queries about Bitside then feel free to ask by dropping your query in the comment box. We will be please by helping you.