What is Digitalbit.biz? Is Digitalbit Scam or Legit?
If you are looking for the information about the website Digitalbit.biz, you are reading the right article. In this Digitalbit review, we will discuss some general question raised by our readers. Questions like, is Digitalbit is Scam? Or is Digitalbit Legit? Or is Digitalbit Real? Or is Digitalbit Fake? Investment is something that today everybody does to earn extra income. It is a good strategy. The crypto-currency investment market has seen a rise due to fame received by the bitcoins. The bitcoins are the crypto-currency work on blockchain technology. Since everyone wants to taste this ripe fruit. People are trying to invest their money in this currency. Many people had also provided the platform for the same. But, the question arises is that are these platforms are genuine? If you do not want to read the full article that’s alright, we will brief it for you. We do “Not Recommend” Digitalbit website. It is working on Ponzi scheme, which is illegal in many countries. Under this scheme, the company pays to its members from the money interested by the new member. Through such process, a company accumulates huge debt and unable to pay it back. So they shut their company and run away with prior money after some time.
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How Digitalbit work?
The working of Digitalbit is not unique. It is an investment company. It is allowing you to invest your digital currency to them and earn interest. The investment plans are the most important component of the investment company. Therefore, it should be sustainable which offer benefits to both investor and company. The Digitalbit company is offering different plans with different interest rates on the different deposit and time period. The topmost investment plan is offering 5000% interest rate after 35 days. Isn’t it great? The point raised here is that why they need public money for their plans. Since if the company does have ‘Alladin magic lamp’ then why they need money from people. They can easily take a loan from the bank at the much lower rate. After getting 5000% interest they can easily pay back their loan and that is also before time. They are not taking the loan because they are not a genuine company. They can not fool the bank. But by luring people they can easily get people investment. The plans of this company are very lucrative and very unsustainable. We will not advise you to invest in this company.
The company also got the Affiliate program for its members. The Affiliate programs are used by the websites to increase their website traffic. The company pays the commission to the members because members are the working horse behind this strategy. Many genuine websites also pay its members the commission but their commission rates are very low. On contrary to genuine websites, Digitalbit is offering 5% commission which is very good. It makes the company more non-reliable.
The company is registered UK Companies House. The certificate of UK Companies is issued for taxation purpose only and it did not have any day in the matter of legitimacy. The company is registered under the company name: DIGITAL & BIT LIMITED and the company number: 11081996. The registration certificate is OK. The problem is that many companies already not recommended by us are also had the registration certificate from the same company. Many of not recommended websites later on turned into scam website. There is much probability that this company also turned into scam later on.
The company did not provide any information on their owner. Nothing is mentioned about the professionals working on this website. They also guarded their information in WHOIS record. It is the most basic feature of the scan websites. But we can not declare it a scam website because it is paying. The company will pay in is initial days but later on, it will run away. It is because it will not be able to pay as per their claims. This is how companies operating on Ponzi schemes are working.
We do not recommend Digitalbit website due to various reasons mentioned above. To invest in this website or not is totally your call. It’s your hard earned money, therefore it should be your decision. We have just provided our opinion. We can only advice you to avoid this website and also aware people in your social circle.
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If you got any problem regarding the Digitalbit website, please share it with us. We will be happy to help you.