BTC2Double is supposedly a fully automated investment program which claims to generate 200% return on investment every 6 hours.
Any rational person will never invest into this platform as the misleading information on their website is indisputable.
This firm has been active for more than 7 months and within this short while, there have been heaps of complaints against this fraudulent platform.
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Read our BTC2Double review till the end to find out how they go to extreme lengths to convince you otherwise.
The BTC2Double.com domain was registered on 29/11/2018.
This website has a global ranking of 4,453,563 according to similarweb.com.
The majority of the visitors coming to this website are from India.
BTC2Double company and support
There is no direct contact information of the creators behind this firm. These faceless scammers have maintained complete anonymity in order to avoid criminal prosecution.
The lack of transparency and the level of mysteriousness covering this firm is very disturbing.
BTC2Double provides financial advice which requires them to be regulated and licensed.
This firm is supposedly registered in UK with the physical address of 1-5 High street, OX1 4ab, Oxford, United Kingdom.
We have confirmed through Financial Conduct Authority that BTC2Double limited has never been licensed, which means they have no right to raise money from public for trading and allied activities and are operating illegally.
The only contact information is an email address – [email protected]
An investment firm with no support team seems like these scammers were on a tight budget.
What does BTC2Double do with your funds?
This firm does not state anything about how the funds are allocated.
The only narration they provide is: “We’ll help you make sensible decision about money that can help you achieve your goals in life.”
There are too many variables which affect the prices of assets in the crypto markets. Anyone who has traded before in their life can easily see through their story.
Will you take a shot in the dark with your money?
It is exactly what this firm is asking you to do.
Their automated system claims to gather information from the blockchain transfers and crypto currency exchanges to study and predict Bitcoin price.
Their server is said to open and close thousands of transaction per minute analyzing the price difference and transaction fees to generate profit.
Simply put it is an arbitrage principal which does not occur regularly in the market.
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What kind of profit can you expect to make with BTC2Double?
This firm makes bold claims of generating 200% ROI after just 6 hours. These kind of returns add up to 800% per day.
According to them, if you start out with $1,000 you will earn $8,000 after just 24 hours on complete autopilot.
Unfortunately, these type of claims are just lies used to lure in newbie investors.
To make themselves appear legit, they also have certain minimum and maximum limits for investment packages.
They state that for their platform to run efficiently users can deposit anywhere between 0.02 BTC to 5 BTC.
Question marks and Red flags
If you are trying to find more information about this firm online, then don’t be surprised if you encounter too many testimonies which are extremely favorable towards them.
They have hijacked most of the forums and community niche platform with fake user profiles and posting fake payment screenshots.
While we did some digging here is what one of the real victim of this scam said about them.
DO NOT TRY TO FOOL PEOPLE ANY MORE……..YOU ARE ‘OFFICIAL PROMOTER’ AND PEOPLE SHOULD BELIEVE IT!THE MOST RIDICULOUS THING FOR PEOPLE TO BELIEVE A PERSON WHO IS PROMOTING A SCAM WITHOUT REFERRAL LINK! AND POSTING HERE MANY THREADS AND ….AND EVEN ANOTHER RIPPLE DOUBLER SCAM (bitcointalk.org/index.php?action=profile;u=1000053) WITH FAKE TX IDS…….ANY ONE CAN GUESS WHO THIS ‘PROMOTER WITHOUT REFERRAL LINK’ IS! I HAVE CONTACTS OF MANY PERSONS WHO GOT SCAMMED BY THIS SITE. WHEN I QUESTIONED ABOUT ALL THIS ,HE STOPPED RESPONDING TO MY PMS. AND MOST IMPORTANT: ABOUT THIS SITE’S ‘OFFICIAL FORUM(btc2double.com/forum)’….. JUST GO THERE AND YOU CAN FIND WHAT ACTUALLY GOING ON….. JUST POST ABOUT YOUR PENDING PAY OUT…..IT WILL BE DELETED. AND KEEP POSTING AGAIN….YOU ARE ‘BANNED’! THERE YOU FIND ONLY THE SAME POSITIVE POSTS YOU FIND HERE-ADMIN KEEPS POSTING THEM BY ‘QUOTING’! (BY THESE ‘THREE PROMOTERS-memphixx, digitaldeveloperfunds AND jason.morgan5….AND A FEW ‘MANAGED NEWBIE POSTS’) THIS IS THE SCHEME AND THE MODE OF OPERATION THE SCAMMER FOLLOWS….BEWARE! A SCREEN SHOT I RECEIVED FROM ONE OF MY MANY KNOWN CONTACTS WHO GOT THE ‘SAME EXPERIENCE’ THERE. PROOF HERE: prnt.sc/ieho2l. SOON I’LL POST THE STORIES OF OTHER VICTIMS ALSO…………………STAY TUNED!
This firm even has their own forum wherein you will find only comments which do not expose their wrong doing.
All the comments which damage their images are never approved and if the members keep on trying to bring their word out, they will be banned.
There are a lot of testimonies on their website wherein the alleged early users express their thoughts about this firm.
Do not believe them as they are not from real users. They are all fake profiles with stock photos.
Deposits and Withdrawals
The only mode of payment supported by this platform is bitcoins.
Before you make a deposit, bear in mind that Bitcoin transactions are hard to trace and it is impossible to reverse them.
BTC2Double encourages its existing users to refer more people to their platform. The affiliates promoting this service are rewarded with 10% of the deposits made by their clients.
It is not mandatory for the affiliates to have an active account to receive their commissions.
Is BTC2Double a scam?
With the above factors in mind, BTC2Double is a scam you do not want to mess with.
BTC2Double Review Conclusion
BTC2Double is a ponzi scam which will probably get shut down pretty soon.
Just because you might have been fortunate enough to get a successful withdrawal doesn’t mean that they are trustworthy.
Have you been scammed by BTC2Double? Share your story by commenting below this review.
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