Bitpump Review: Scam or legit? bitpump.io claims it could double your bitcoin in 24 hours.. How true is this? Is it Legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Bitpump Doubler, we provide you information based on our investigations and user experiences to help guide you make the proper decision.
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What Is Bitpump
Bitpump.io is allegedly a doubler platform using a strong 400 Gbps DDoS Protection with 99.9999% up-time guarantee. Complex Layer 7 Protection. Global CDN Acceleration. Global Protected DNS. Web Application Firewall + Certified Domain SSL certificate for secure connection to their website. What this means is that, your bitcoin can not be hacked. How true is this? Can you trust Bitpump.io with your bitcon?
About Bitpump.io Company
Apart from the FAQ section, there isn’t any information on the platform. After a thorough search online we met a dead end. The people behind Bitpump.io are an anonymous lot, you can only contact them using support ticket or email. However, on their FAQ section they claim to place a very high value on transparency. But the otherwise is the case
How Does Bitpump.io Work
The people behind this platform are not saying much. In their FAQ section they claim they do not charge any fee for their services or use of BitPump webisite. That leaves us with the thought ‘How do Bitpump.io generate their profits?’ If they are doubling your bitcoin for free, how and where are they getting the extra bitcoin? They provided an answer to this question, saying; In BitPump you do not have to sign contracts. There are no creditors and no debtors. In fact, everything is very simple: one participant asks for help — the other helps. All profits are provided by new investments. Sounds fishy right? You have every reason to be suspicious of Bitpump.
Bitpump.io Scam Review: Disturbing Things Found
Though this platform might appear legit to a newbie, the truth is that it is just a wishy washy site built with the intention of scamming eager investors. This can be seen from the unrealistic claim it makes of doubling your bitcoin and the lucrative affiliate program. This is a type of method of scamming unsuspecting investors. Most of this quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.
Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.
OUR VERDICT- SCAM!
A lot of people would try to tell you otherwise but the truth remains that the people behind this platform will not see the light of many days. They might pay initial investors, but like other HYIP’s, one day they will abscond with your money when there are not enough deposits.
bitpump.io is not a legit doubler platform. Don’t be deceived by their promises.
Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.
They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.