What is BitXgroup.trade? Is BitXgroup Scam?
If you are reading this article, it means you need information about Bitxgroup.trade. Or you are troubled with some questions regarding Bitxgroup website. In this Bitxgroup review, we will answer you some general questions raised by our readers. The questions are like is Bitxgroup Scam? Or is Bitxgroup Legit? Or is Bitxgroup Fake? Or is Bitxgroup Real? We will answer all such questions in our article. First, this website is nothing more than an Investment Company. It allows members to invest their cryptocurrency with them and earn interest on it. The trend of cryptocurrency increased with the emergence of bitcoins. The price rise of bitcoin changed the digital world. If you are not interested in reading the full article, we can lower your burden of reading. Bitxgroup website is “Not Recommended” by us. It is because it is working on two illegal schemes. One is Ponzi Scheme and the other one is Hybrid Pyramid Scheme.
On the internet, you will find a legit website which allows you to earn money online. To know about such website, see our list of legit websites. To view the list, click the link: https://onlineincomeresources.com/legitimate-work-at-home-opportunities
In our list, the Wealthy Affiliate Company got the apex position. They are in the business form 2005. It is still working to provide good quality of services and training programs. To know more about the Wealthy Affiliate Website, visit the webpage containing its review by clicking the link: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
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How does BitXgroup work?
The company did not mention its Owner name or details on the website. In their about us also, they did not mention anything about the people working on this website. It is not possible that nobody owns this website. It is not possible that nobody works on this website. It simply points out that the company owner is hiding its information. He/she does not want to reveal their identity. It is maybe because they are not good people. They do not want to leave any trail and that is why they guarded their information in WHOIS records. The genuine company does not need to hide. Therefore, the luxury of hiding information is only availed by the scam websites.
The company has provided a certificate of registration. The certificate is of UK Companies House. The company is registered under the company name: BITX GROUP LIMITED and the company number: 11090993. The fact is that many websites already not recommended by us also got registration certificate from the UK Companies. This means that the registration of UK Companies is not solid. Through our research, we came to know that this certificate is used for taxation and it has no say in the matter of legitimacy. Anyone can easily get this certificate by paying 20GBP. Some websites already not recommended by us turned into scam after some period.
The investment plans of this website are lucrative. Actually, such companies focus only to lure people. Therefore, they show very exciting investment plans, which are impossible in real world. The Bitxgroup is offering three investment plans. We do not need to talk about every investment plan. The topmost plan of this website is offering 115% interest after 10 days. It is very exciting. That is why many people did not think much about the questions that we targeting in this article. 115% interest in 10 days is not possible. If the company pays as per their claim then it will soon going to collapse. Bitxgroup will soon be going to collapse. It is because they are paying initially and this how Ponzi scheme works. Under Ponzi scheme, the company pays to its members from the money invested by the new members. Initially, the company pays everyone. After some time when they got sufficient amount then they run away.
The affiliate program of this website is of 3-levels. They are offering you 5%, 2%, and 1% commission on every level respectively. Affiliate programs are simply used for increasing the traffic. Therefore, the company used this strategy and pay commission to its members. Since Bitxgroup is paying the commission from its ROI makes it another illegal scheme i.e. hybrid pyramid scheme.
Bitxgroup is “Not Recommended” by us due to the various reasons stated in upper paragraphs. We advise simply you to avoid this website. To invest money on this website or not is totally your call. We do not judge anyone in this matter. We just provide our opinion and comment.
If you are searching the internet to know how to earn a full-time income, we recommend you the Wealthy Affiliate Company. This company is working from 2005 and still working expeditiously. To get more information about the Wealthy Affiliate Company, please visit our webpage by clicking the link: https://onlineincomeresources.com/the-wealthy-affiliate-review-scam-or-legit
If you got any kind of problem regarding Bitxgroup website, please mention it in our comment section. We will be happy to help you.