If you spend much of your time online looking for business or investment opportunities, chances are that you may have come across the Bitdax Global platform. Over the past couple of weeks, this program has been gaining a lot of attention. It is being heavily promoted online and it is widely discussed on many social media sites.
When this program came to my notice, I decided to dig deeper to find out if they were truly a legitimate company or not. They claim to be a financial technology (fintech) institution that offers trading strategies based on Artificial Intelligence as well as cryptocurrency trading. According to the information presented on the site, traders will be able to use a sophisticated algorithm to generate returns from the cryptocurrency markets.
Anyone who reads through the information may think that they will be able to build a successful business with the help of this program. But the actual truth is that the Bitdax Global scam program is just a hype and there is nothing genuine about it.
In this review, I will highlight some of the most important details about it and the reasons why I believe it is a scam. Don’t jump right into the scammers’ hands, take a step back and consider a better alternative like the Crypto CFD Trader platform if you want to invest in cryptocurrencies.
Details of Bitdax Global
The Bitdax website is run like a Multi-Level Marketing scheme. In fact, it is a financial fraud operation which claims to help investors or complete newcomers participate in the cryptocurrency markets to generate significant returns. They have claimed that by participating in their programs, individuals will be able to attain financial freedom. But why are they actually looking to help others generate returns? No one in this world works for others so it doesn’t quite make sense that a company that is based offshore would do it.
Review Verdict: Bitdax Global Is Scam
Their physical location is only mentioned in their Terms and Conditions page. They claim to be based in UK, but when I searched for information on the address provided, I found out that it belongs to a completely different company.
The people who are operating this program are also anonymous. The site’s Alexa rankings suggest that most of their visitors are coming from Nigeria and Ghana. Perhaps, they are paid visitors used to increase traffic to the website.
Additionally, I have found no evidence that someone has actually benefited from their program. Despite the hype and promotions, there is not a single person who can testify having achieved high success rates in ICO and cryptocurrency investing by using their schemes.
How Does Bitdax Global Work?
According to Bitdax Global, the services they offer include ICO investing, cryptocurrency trading, and AI trading. But, the site does not provide details on the exchanges that are used for the transactions to be carried out.
The owners of the company are anonymous and it is extremely shocking that their offering isn’t quite clear. They are asking investors to trust them with their funds and choose one of the schemes that is most suitable for them.
The first business opportunity they claim to offer includes purchasing Bitdax tokens and earning up to 1% returns on a daily basis. Their second opportunity involves making referrals and earning up to 50% in bonus tokens. Lastly, they offer incentive plans and rewards, but there is no clear or logical information available on how this opportunity is supposed to work.
I think lack of transparency is the main problem with Bitdax Global. The information they have offered isn’t enough to find out what we should expect from them. In fact, their information is confusing and misleading.
From my experience, I know it is not possible to achieve 30% in returns per month with a daily return of 1% and that too from the digital currency markets. Bitdax Global is a financial scheme that should not be trusted.
Good to Know
In a fraudulent scheme like that, people will be asked to become investors and give their funds to the company. Individuals will be promised high rates of return. The company uses the new investors’ funds to pay the previous investors. As long as the company gets new investors, it will continue to operate in a fraudulent manner. When it no longer receives funds, it will close down overnight and vanish.
Is Bitdax Global Scam or Legit?
When doing my investigation, I have encountered a number of red flags which indicate that Bitdax Global is a scam program. They haven’t disclosed any information regarding the investors or products they invest for. The information they have provided is not enough and the way they have described their business opportunities is ambiguous.
There is a lot of things that are not right about this program. My conscience keeps telling that these people will run away once they have filled their pockets with their investors’ hard earned funds. The crooks operating the scheme want people to trust them blindly with their funds.
The software they have talked about cannot be verified either. There is no name available and there is no mention of how it works to achieve high accuracy rates as claimed on their website.
There is also no mention of what token you will have to buy once you sign up with them. You won’t know what you will be buying until you give them your funds. Their return rate of 1% per day also doesn’t make sense because of the cryptocurrency markets are so volatile that they don’t allow 30% returns to be achieved every month. Well, there is no guarantee for this and I haven’t seen this happen either.
Basically, the returns they are talking about are unsustainable. It is a trap to attract new investors and take their starting deposits. It is quite clear to me that Bitdax Global is a scam you should avoid.
Bitdax Global is an illegal MLM scheme that will close anytime it runs out of funds and new clients. As an investor or someone who is looking to invest, you must be cautious of such programs and avoid registering with them. Such programs are not licensed to operate and you will lose all your investment capital if you decide to trust them blindly. My advice for you is to stay away from any scheme which lacks transparency and where the owners are anonymous.
Review Verdict: Bitdax Global Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.