BTC Profit 505 claims to be a Dubai based mining and Forex trading company. This company is said to be operational from 2013 which is a lie and we will discuss about it later in the review. The returns this platform claims to generate are more than 400% for every 5 days.
Returns portrayed are complete hoax and are just a shady trick used by many false investments to evoke your greed and convince you to open an account with them. Read our comprehensive and unbiased review to find out all the major red flags and misleading factors sprinkled on this deceptive platform.
Company and Contact Information
Generally all the investment firms are required to follow certain guidelines laid by central authorities and hold special licenses. BTC Profit 505 is an ICO. They issue tokens or contracts to the investor for some amount of money and after the validity of the contracts gets over, the investor should get their initial deposit along with profits.
Since this company has not put up license details which we believe is an intentional omission, they are most likely to be operating illegally. For any reason if the users want to get in touch with the support staff, they can be reached via a support form provided on their website.
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Here are the contact details this company has put up:-
Address – Bulivar Ivana Lepse b81, kv32m kiv Solan’yams’ kiy r-n, Ukraine, 03126
Phone – + 3802359813
Email – admin@btcprofit505.com
How does BTC Profit 505 work?
This company is said to be mainly involved with Forex trading and Cryptocurrency mining. Apart from this single piece of information, there isn’t anything we know about them. They have not shown any mining capabilities or the type of machinery they employ.
The names of the pools they are indulged with are unknown and even the location of their mining farms are not disclosed. With regards to forex trading, there isn’t any information which will boost confidence among investors.
We do not know whether they take a technical analysis approach to trading or stick with fundamental analysis. They have not talked about important aspects such as position sizing, the amount of leverage they use and the risk diversification method they have adopted.
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| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
How can any rational person trust this firm without knowing the above discussed matters?
Profits Advertised
The amount of returns this platform claims to generate are impossible to achieve regardless of whether you are involved with mining cryptocurrencies, trading forex or both. Check out the investment plan details but do not drift away from the reality because in the real world chances of these kind of things taking place is slim to none.
Standard Plan
Returns – 125%
Duration – 24 Hours
Min Deposit – $100
Premium Plan
Returns – 140%
Duration – 2 Days
Min Deposit – $500
VIP Plan
Returns – 400%
Duration – 5 Days
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| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
Min Deposit – $1,500
Affiliate Program
Like most of the online money making scams, this firm also aims to earn as much as possible before they get shutdown and to increase their revenue, they are ready to go to any level to convince you otherwise. This platform features a different affiliate program wherein the promoters of this scheme are heavily rewarded for every participant they bring on board.
There is tier 3 option available and the percentage of commission ranges from 2% to 10%. The affiliates are also given access to some promotional tools and they are not required to be an active participant of the scheme which is the main reason why many HYIP sites promote them.
Domain Insight
A search on similarweb.com will reveal that this website ranks 17,881,861 globally and it ranks 8,537,213 in the United States. Since this website is new we do not have enough data to determine which countries they are targeting. Thanks to courtesy of whois.com this domain was registered on 21/01/2018 and it expires on 21/01/2019.
Deposit and Withdrawals
The minimum deposit is $ 100 and the minimum payout is not mentioned but usually it will be around $ 20. The e-currencies accepted by this service are Neteller, OK Pay, Perfect Money and Bitcoin.
We are not aware if there are any transaction fees applicable and the time required for them to process withdrawals is not specified.
Is BTC Profit 505 scam or legit ?
The answer is a confirmed scam,
Every investment firms uphold transparency and features details of the fund managers so that the investors always feel confident and if required can cross check the previous record of the managers but these scammers are not only refusing to show any proof.
They are also embracing anonymity undoubtedly this platform is a ponzi scheme and it will be for sure get shut in the near future.
| Were you SCAMMED online? Recover Your Money Now! |
| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
BTC Profit 505 Review Conclusion
BTC Profit 505 is exploiting the lack of knowledge of the inexperienced investors in the crypto niche. This firm claims to be risk free but earning 400% in just 5 days over and over is impossible.
Mining does not provide significant returns in the recent times unless you have high capital to begin with which is out of reach for most everyday people. Before you send money to any firm always make sure that they are registered and licensed.
They scammed my money!!! Do not invest in here, some reviews are not real and they are tried to deceive your money 100%
I invested with this company 4 Moy back they never paid me back..lost around 2000usd for more information you can watch the video
youtu.be/Th3cLeyf9ao
i am also investing in this platform and i a getting instant withdrawal from them, even i have started to invest with this company from 100$ and never missed even signal dollar. so i am fully satisfy till now and hope so will work more and more. today my total investment in this company is 900$.
Thanks you.
Do not invest in here!!!! That is scam!!! They will never and money withdraw will never come to Wallet after investing!!! Stay away!!! Scam!!! Scam!!! Scam!!!
Oi, Gostaria de saber.. eu pouco meio confuso porque dois sites plataformas são diferentes.. qual falsa?
site: btc-profit505.com e coinlux.co
Qual plataforma realmente pagamento e confiavel 100%????
Aguardo o seu responde e Retornarei…
Here’s our coinlux.co review.
yes, this is a scam… money transferred are never updated in the portfolio and email to admin will point to live chat while live chat will ask you to point to admin and they will always say no record found. There are no details to indicate how the mining is functioning and transactions involved. Only ponzi scheme will introduce methods to reward members based on bringing new members onboard. They are actually using the money from previous account investors to fund those new joiners.
Hello! A few days ago I invested in nroi.net and 24 hours later transferred the value of the investment to my account on the platform. On the same day I asked for the withdrawal from my wallet, but from August 31 to today September 3 is still pending! I already sent 2 emails to support@nroi.net but I did not get an answer. Now I’ve been reading posts and would like to know if BTC-profit505 really pays, but if it does the actual withdrawal, and not only the deposit in their account because that’s what happened to me on the other platform. Thank you.
I saw this post yesterday. Not quite long I invested in the standard plan with the subject company. I was filled with so much fear. But today I have received my money with the profit. Please get your facts right. Thanks
Hi Paul, did you get the money you invested with profit on your platform account and then withdrawal to your account off the platform? Is this it?
Hi paul.. Im invested last September 2,2018 but now no coming my withdrawal.. You think they return to. Me? Thanks
Btc-profit has been one of the most reliable platform I have worked with and this review says otherwise .I was introduced to this Platform by a friend and getting on it I was skeptical but after the first withdrawal and second and more i finally got to be comfortable with the services .
Are you sure this? Have proof
I’m surprise to see such an article, I have been investing with btc-profit505 for 7 months now. I don’t know where this is coming from.
Hello, Hassane!
By your post, I suppose this company is reliable and one can invest without fear, am I right? If true, can you confirm your answer with real data, please? Thank you.