What is Extrabit.biz? Is Extrabit Scam or Legit?
If you are curious to know more about Extrabit.biz, then your search ends here at the right place. Online income is very fascinating. People want to earn more passive income. New investment market of cryptocurrency is emerging and people are investing in the bitcoin market. But many companies are taking advantage of people ignorance about cryptocurrency. You may have some doubts about this site like, is Extrabit Scam? Or is Extrabit Legit? Or is Extrabit Real? Or is Extrabit Fake? These are general question should arise in investors mind. If you want to lower your burden of reading full article then we do not recommend this site. Showing very lucrative investment plans, websites works on ponzi schemes. Ponzi schemes are very simple to understand, company pay to the existing member from the money invested by the new member.
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How does Extrabit.biz works?
Extrabit company is registered in the UK Companies Registration with company name EXTRABIT LIMITED and Company Number: 10929612. This certificate is shown by them to prove their legitimacy but we have done our homework and got to know that anybody can register their company by paying 20GBP only. Their claim for legitimacy has no solid proof. An investment company which is going to deal with public money and lack of authenticity is showing their low credibility as an investment company.
The site did not provide any information of owner and the professionals who are going to invest people money. However, they have provided the owner information in WHOIS records. The information and details of company personnel’s is very important so that if company shut off without any reason then investor must catch the responsible person. The information is not provided intentionally by many sites so that they can run away with people money without leaving any trail.
Investment plan of Extrabit is very fascinating. They are offering 3%, 9%, 350% and 1300% of interest on different investment and different time period. Why we are not giving the exact statistic of investment is because these are just the numbers shown by the company. In reality they are not going to adhere what they are claiming. Their promise of high returns is the trap in which they want to catch the investor attention. This business model is very volatile and feasibly. This way they are going to collapse soon. It is not wise to invest your money in this site whose business model is feeble.
They have affiliate programs of 3 levels referral. A person using referral can earn 7%, 2% and 1% of commission from the company. Affiliate programs increase traffic for the site and this way people also get share from company. Commission rate are good for users but they are not feasible for the company. This implies that company will not going to pay or if they pay as they are saying then this company has no future. Investing money in a site which will soon going to become defaulter is not good decision from investment purpose.
We do not recommend this site. There are many legitimate question raised by this article for not recommending them. Earning money and also in large amount is possible but it take time. Earning online is good but do not get trap of high returns. These are just number shown by the company to attract investors.
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If you still have any question in mind about Extrabit put that in comment box. We will be pleased to help.