What is Bitsmonline.com? Is Bitsmonline Scam?
Do you look to get some information about Bitsmonline.com? Congrats, you have arrived at the place. In this Bitsmonline review, we try to provide you the information you are seeking. In our article, we will also answer some generally asked questions. Questions like, is Bitsmonline Scam? Or is Bitsmonline Legit? Or is Bitsmonline Fake? Or is Bitsmonline Real? Investment is a good thing to do. It provides a person an extra income. In today’s world, investment has already become a tool to earn extra money. To invest your money, you must be finding the place where you can invest. There are myriad websites available on the internet to invest the money. Bitsmonline is one of the websites that allow a person to invest their money and earn a good interest. If you do not want to read the full review, we can cut short it for you. We do “Not Recommend” the Bitsmonline website it is because it is working on a ponzi scheme. Under the Ponzi scheme, a company pays to its members from the money invested by the new members and so on. This way company accumulates huge money over their head. After some time people shut their website down and run away with people money.
On the internet, many websites that are legit in nature are paying to its members. To know about some of the legit websites, you can consider our list. To see the list please click the link: https://onlineincomeresources.com/legitimate-work-at-home-opportunities
On our list, the Wealthy Affiliate Company is listed on the top. It is working from 2005 and still working to help people to earn a full-time income. The company is working to offer different training programs and services on its website. To know more about the Wealthy Affiliate Company, please visit our review page by clicking the link: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
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How does Bitsmonline work?
As we have already mentioned, Bitsmonline works as an investment company. It allows people to invest their money in its company and earn interest over it. The investment plans of Bitsmonline is very lucrative and profitable in nature. Its investment plan is offering 1100% of interest after 30 days. The company has shown an unrealistic investment plan. Its other investment plans are also of same nature i.e. unrealistic. It is not possible to pay 1100% of interest on any kind of investment. We should understand here, that big banks and central banks are also not able to pay nearer to the price that Bitsmonline is offering. The business model of Bitsmonline is unsustainable in nature and the company got no future for itself. Therefore, it is not good to invest your money on this website.
To work on this website, you can make the referrals. The referrals are used by almost every websites to increase their traffic and members. The company pays commission to its members for making the new referrals. The Bitsmonline also offer commissions to both members and representatives. The commission offers to members are 7%-1%-1%-1%-1% on every 5 level of affiliate program respectively. The commission offers to representatives are 10%-2%-1%-1%-1% on every 5 level of affiliate program respectively. Such commissions’ rates make the company more non-reliable and it makes another illegal program i.e. Hybrid Pyramid Scheme. The company is paying its member commission without selling any real product or services. Therefore, the company is bound to pay the commission from the investment of the member which is not good for a company, especially the Investment Company.
The company does not believe in transparency and therefore, they did not mention the name of its owner. The name of owner is important because it provides credibility to a company. The company did not mention the name of its professionals. The company is hiding its information from the public view. They are doing it intentionally. It shows that there is something fishy about the company working.
To prove its legitimacy the company has provided the certificate of registration as a proof of legitimacy. The company is registered in UK Companies House under the company name: BITSM ONLINE LIMITED and company number: 11126368. The company registration certificate is alright. But the main problem is that many other Not Recommended websites also contain this certificate with them. The main reason of behind this patter is the easy availability of the certificate. The certificate can be received from the UK Companies by paying just 20GBP. Therefore, the company legitimacy is in question and the certificate does not provide it to the company.
Bitsmonline is Not Recommend by us. The reasons are already discussed in above paragraphs. Do not fall into the lucrative trap of the company. Beware of this website and other similar websites. Also, beware people in your social circle about such websites. We advise you to avoid this website.
If you are trying to find out the legit website, we recommend you the Wealthy Affiliate Company. It is working from 2005. It has many training programs. The company mentors its members. To get more information on the Wealthy Affiliate Company working, please click the link: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
If you find any question that we forget to discuss regarding the Bitsmonline website, please mention it in our comment section. We will be happy to help you.