BitChoko Limited (bitchoko.biz) offers an investment opportunity which claims to be both reliable and profitable. The “company offers trust assets management.” At least that’s what they say. They basically trade the invested money through Bitcoin exchanges. Everything is done automatically via “automated dealerships machines,” whatever that may be.
The money your investment generates can allegedly be withdrawn instantly. But can it really?
You may want to read this BitChoko review before investing!
What are those high profits you could be making by investing with BitChoko Limited?
Well, that depends on how much you invest.
If you invest between 0.001 BTC to 10 BTC (as of December 9, 2018 this equals to $3.42 to $34,176.70), you will receive 10% daily forever. So if you invest $100, you will receive $10. Daily? So in 10 days you should cover your investment.
If you invest up to 50 BTC ($170K), the percentage climbs to 12%, and for investments over 50 BTC, it’s 15%.
Sounds pretty good, right? Unfortunately, it seems that we’re dealing here with just another scam.
How do we know? Well, read the rest of this article and you will know too.
But let us just look at one very serious red flag:
In the FAQ, they answer a question: “Can I lose money by investing here?”
The answer: “No, you can’t lose money. We make every effort to ensure the safety of your assets.”
Has there ever been a financial investment opportunity in which there is no risk of losing money? Definitely not. And anyone who claims that is obviously trying to scam you.
BitChoko Limited Company Information
BitChoki is allegedly “a prominent representative of the international computer technologies market, BitCoin encryption algorithms and mining, it is a developer of hardware.”
The domain bitchoko.biz was registered in November 22, 2017.
The company BitChoko Limited is apparently a UK registered company (registration number: 11084361).
They are an active private limited company, incorporated in 27 November 2017 by Gavin Wilso, the director of the firm. The nature of their business is “to offer financial management.”
We’re not surprised to see that the UK is handing registrations to fraudulent operations such as BitChoko. We’ve seen that many times. Money corrupts. And these thieves must pay well. How the British government gets away with that in the International arena is beyond us.
Their address is: 86 Point Pleasant, London, United Kingdom, SW18 1GG.
Email: [email protected]
Telephone: +44 20 3868 3587
BitChoko Affiliate Program
If you invest with this company (and even if you don’t), you can allegedly earn money by referring clients to them through their affiliate program.
You can in this way earn 5% of the investment of people directly under you, and 1% of the investment of the clients which your referrals will bring.
If that sounds like a pyramid scheme to you, then you’re not the only one.
BitChoko Traffic and Stats
According to bitchoko.biz, the site had been online for 45 days. In this time it had recruited 264,469 members with a total investment of 185,804 BTC and more than 42,394 BTC in withdrawals.
Sounds far fetched, we know, but check out their traffic stats:
According to SimilarWeb.com, the site started attracting traffic in September 2018. Just 2 months ago. In October, more than 2 million people visited the site. During November, more than 10 million visitors were recorded (!), most of them from Ukraine, Russia, Brazil, Venezuela, and yes, almost 3% from the US.
Let me restate that. During November 2018, more than 300,000 American visitors to bitchoko.biz investment site. How many of them invested is unknown to me, but if you’re one of them, please comment below and let us know.
BitChoko Feedback and Testimonials
Once we post this BitChoko review, reviews will start accumulating in the comment section below. We urge you to never take our word, or the word of any other review sites, always look for what users are saying.
So if you already used BitChoko, please comment below and share your experience. And if you’re only thinking about using it, make sure to read the comments below.
Here are some comments posted on other sites:
On TrustPilot someone wrote:
THEY ARE COMPLETE SCAMMERS
THEY ARE DOING SELECTIVE PAYMENTS !!!!!!!!!!!!!!!!!!
NOBODY SHOULD INVEST YOUR HEAR!!!!!!!!!!!!!!
BLOODY SCAMMERS!!!! MADE AWAY WITH MY 0.2 BTC
Another investor said:
They will pay you at first then stop.
There are plenty of user testimonials on BeerMoneyForum. Here’s the latest:
They are big big scammerrrrrrrrrrrrrrrrrrs, beeeeeecarefulllllllllllllll
Please do not, I repeat, Do not invest in this site, if deposit more than 0.2 bitcoins they will not refund any of you money and will take all with no rewards, if you deposit a small amount they will allow you to withdraw until you reach the limit of what you invest then they will stop withdrawel
‘also if you check their above of deposited rewards section you will find it all small amounts, no one investing more than 50 or 100 $
I deposit using 2 account one small and one big amount, the big amount is 0.365, They allowed me to draw only the first rewards and then I cannot withdrawal any amount
the small amount they allowed me to draw like 10 times and then when you reach the limit they will prevent you from withdrawl
attachment will show you all withdrawals have “you comments” under withdrawal, it means its not done
I sent many many emails with no respond and they don’t answer the phone at all
Try you self and call, no one will answer !!!! and no one will respond your email
BitChoko Review Conclusion
The fact that BitChoko is a scam is established, we think. There is no possibility of a risk-free investment which generates so much money on auto pilot.
It was a sweet dream, but let us wake up to reality.
BitChoko.biz is a FRAUD!
BitChoko, welcome to our blacklist.
The scarcity of reviews exposing BitChoko as a scam is worrying especially given its high popularity, even in English speaking countries.
If you have been defrauded by BitChoko, make sure to comment below and share your experience. Don’t be embarrassed. We all make mistakes. At least you have the opportunity to use this unfortunate experience to help others avoid falling into this trap.
If you believe that we are wrong, then feel free to explain why, and if you convince us that this offer is legitimate, we will gladly update this review.