Bitcoinbanking.site is an online investment platform which claims to double your bitcoin every 7 hours. This type of returns is absolutely impossible to achieve on a consistent basis. This service has been active for around a year as of writing this review, we have got a lot of complaints against this platform which is the main reason why we decided to warn everyone about this fraudulent system.
When we were investigating this platform, there was a lot of misleading information which tricks the inexperienced investors into thinking that they can become rich very quickly.
If you are considering to open an account on this platform, read our complete review to find out all the why you should use extreme caution while dealing with this service.
Company and Support
Bitcoinbanking.site represents an ICO wherein the money for trading and investing purposes is raised from public and in return they are given a fixed predetermined amount of money after certain time period.
These type of firms have to be regulated in most of the developed countries. Though this firm features some type of registration document on their website, we couldn’t confirm whether it is authorized or not which is why we strongly advise all our readers not to indulge with this firm.
Here are some of the contact details of this firm:
Address – 244 Madison Avenue, New York City, NY, USA.
Telephone – 10016-2817, +19105411096
Email – [email protected]
If you any queries, the support team can be reached by using the contact form provided on their website.
What does Bitcoinbanking.site do with the funds?
This firm supposedly employs Wall Street professionals and claims to have invested billions into the Bitcoin because they believe in the cashless transactions. Despite all their alleged success back story there isn’t a single detail or names about the traders working for this firm.
Every reputable investment solution shows the detailed stats of their fund managers in order to operate transparently. If this firm was really legitimate why don’t they share any details?
Furthermore, they state that their market approach consists of finding new and innovative projects to maximize the earnings while maintaining a diverse range of investments so regardless of the volatility in the assets your investments will be profitable. This narration is very vague and does not provide any type of valuable insights about how the funds are allocated.
Though this firm states that it is actively involved in trading bitcoin, there isn’t any information about trading system it follows. We do not know which factors creates a trading bias and what type of money management techniques it incorporates.
There is nothing stated about the risk management methods they have in place. Considering all the information put up by them, it does not instill much confidence among investors.
How much profit can you expect to make with Bitcoinbanking.site?
This is kind of tricky because the exact investment package details are not revealed anywhere on their platform but when we did a little digging we found a profit calculator which shows the amount of returns for every 7 hours.
As you can see from the image above this platform basically doubles your money. Isn’t this type of returns a little too good to be true?
Testimonies are put up by many services because they serve as confidence boosting factor but this firm has twisted the things for their needs. The testimonials are extremely positive towards them but there isn’t any way to verify whether those are from real users or fake profiles.
We strongly believe that they are all from bogus profiles with stock photos. Their brilliance lies in the fact that they haven’t quoted any dollar figure they got, so by doing this they appear trustworthy in front of the newbie investors.
Deposit and Withdrawal
The deposit and withdrawal methods accepted by this platform are Bitcoin, PayPal, Debit and Credit cards.
The time taken for processing withdrawals is not specified anywhere on their platform.
According to the data provided by whois.com this domain was registered on 18/07/2017 and expires on 18/07/2019.
Due to the lack of date we could not pin point the amount of traffic this website gets. According to alexa.com Bitcoinbanking.site ranks 1,906,171 globally.
Is Bitcoinbanking.site a scam?
If this platform was really genuine they would have provided demo account to the users so that they can see the effectiveness of this platform in real time or any other sort of money back guarantee.
Bitcoinbanking.site Review Conclusion
Regardless of which strategy you choose or the capital you begin with, it is impossible to double your bitcoin every 7 hours. Do not believe any of the income claims on the internet blindly. Do not send your funds to Bitcoinbanking.site because the chances to you getting it back is slim to none.
If you were scammed by Bitcoinbanking.site please let us know by commenting below.
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