– Yet Another HYIP Scam

“Welcome to Double Your Bitcoins in 7 Days…” talk about starting off on the wrong foot. As you can see from the attached screenshot, this slogan is indeed the first thing you will spot upon accessing the site, and it is just wrong. This is not your typical too-good-to-be-true proposal… it is something way beyond that. There is no such thing as doubling an investment in a week anywhere, in any vertical. This sort of “promise” is the first and biggest of many red flags that this HYIP operation raises as it makes its Bitcoin-trading pitch. - BitcoinInvest

What is is a Bitcoin-focused HYIP scheme, which has apparently already stopped paying its victims clients. Here’s what the operator is trying to sell: apparently, behind the facade of the website, there’s a “team” of “professional traders” who are indeed so handy with cryptocurrency trading, that they can take your bitcoins, double them in a week’s time, and presumably generate some profits for themselves on the side. Although indeed, if they were capable of  pulling off such a stunt, they would be much better off simply trading for themselves all the time.

Exactly who the people are who do the trading, is a mystery. Obviously, no one wants to lend his/her name to a scheme which will inevitable be exposed as a HYIP Ponzi down the line somewhere. We also never learn anything about the magical “trading methods” used by the team to accomplish the unreal results they boast about.

The website itself is registered anonymously, so no one has to step forth when the scheme inevitably goes under.

According to, the operation provides great flexibility and insurance on the funds deposited by its victims clients. To provide a semblance of legitimacy, thus springing a more efficient trap to the gullible, or those truly itching to part with their bitcoins, says that their company is registered in the UK, with the Companies House, under company #06964275. This registration means absolutely nothing in regards to financial safeguards though. It does not mean that there are in fact UK authorities out there keeping their eyes on what this scammer does…

The Operation is based in London, at 45 WELBECK STREET, W1G 8DZ,
ENGLAND. Their telephone number is +44 203 33936268. Support can be reached at

Can  I Trust

With the above in mind, the answer to that would have to be a resounding NO. Mind you that some Ponzi schemes pay in the beginning, to draw new money into the mix, but has been reported to have stopped paying some time ago.

Promises and Features offers three plans for those really looking to get rid of their bitcoins: there’s a Starter deal, which “only” offers 100% profit within 30 days. The minimum investment is BTC 0.01 with this plan, while the maximum is BTC 0.99.

The Expert Plan ups the stakes. The 100% profit level can be reached within two weeks with this scheme and the minimum investment is 1 Bitcoin.

The Deluxe Plan is the 1-week overachiever discussed at the beginning of this review. The minimum deposit with this plan is 3 bitcoins.

Question Marks and Red Flags

Everything about this operation is a giant question mark, and indeed, its incredible promises are the most prominent in this regard. The community feedback is quite abysmal about it too. Complaints

There are scores of reviews already out there exposing for the fraud that it is. Actual users have also reported that the Ponzi scheme has stopped paying out a while ago.

Review Conclusion

If you have bitcoins, just hold on to them. Simply waiting out till the value goes up is a million times better investment than trusting your virtual money to a scammer like

Verdict: BitcoinInvest is a SCAM!

Blacklisted site:

Do you have any first hand information regarding BitcoinInvest? Please share it with us by leaving a comment below!

For alternatives, feel free to visit our Cryptocurrencies Day Trading Center or check out our Bitcoin Investment Guide.

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  1. CF18

    Yes the same hapen to me, total scam.

  2. Julius

    bitcoininvest is a scam. When they received my btc they didn’t ask for any document but when the time I have to get my investment they ask for some personal documents. I gave their needed docs but still they didn’t give back my btc. I’m not doing this to destroy their name but to inform others who are planning to invest.

    Jun 21 (1 day ago)
    to me

    Documents you send can’t be accepted because they don’t pass our AML
    verification system. According to that we have to ask you to sent us
    notarilly attested photocopy of documents with an Apostille Clause.

    Information on legalisation (Apostille).

    The Hague convention abolishes the requirement of diplomatic and consular
    legalization for public documents originating in one Convention country
    and intended for use in another. Documents issued in a Convention country
    which have been certified by a Convention apostille are entitled to
    recognition in any other Convention country without any further
    authentication. Such recognition is an obligation on the part of any
    country in the convention to the other countries party to the Convention
    and the federal courts and state authorities have been alerted to this
    obligation. Consular officers in Convention countries are prohibited from
    placing a certification over the Convention apostille.

    We are sorry for inconvenience.

    Please provide us with the following details to get your account verified:

    • a scanned copy of an identity document:
    -National ID card (both sides) or national passport (double page);
    -International passport (double page);
    -Driving license (both sides)
    • a scanned copy of your proof of residency:
    -Utility bill
    -Electricity bill;
    -Bank statement;
    -Tax return, council tax;
    -Other documents, with an exception of electronic bills/statements,
    online screenshots, mobile phone bills or credit card statements

    • a photo of yourself holding the identity document.

    Information in the address section of the Verification Form should match
    the information in the submitted proof of residence.
    Proof of residence should be not older than 3 month. Scanned images should
    be in color and in high resolution (at least 300 dpi).

    We apologize for any inconveniences that may result from this process.
    This extra verification is done for your security and to ensure that
    orders are legitimate. This industry, unfortunately, has a high rate of
    fraudulent orders, and this sort of verification helps us drastically
    reduce fraud and ensure our customers remain secure. Such documents are
    used for verification only and are not provided to third parties in
    anyway. Verification is a one time procedure, after this you will never
    face this issue again.

    The legislation that defines our AML policy is:
    Money Laundering Regulations 2007
    The Terrorism Act 2000 (TA 2000)
    The Proceeds of Crime Act 2002 (PoCA)

    AML regulations are designed to protect the UK financial system. If a
    business is covered by the regulations, they must implement strict
    measures to prevent it being used for money laundering by criminals and

    Maha Batayyah

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