BitsTrades Scam Review: ICO SCAM!
OFFICIAL SCAM URL: bitstrades.com
BitsTrades software is supposed to be this awesome new cryptocurrency ICO and lending platform. Apparently, according to the clowns in charge, this is supposed to be the biggest new crypto coin of the year. However, when it comes to the BitsTrades scam, we are highly doubtful. There is a whole lot of suspicious activity going on here. There are a whole lot of massive and unrealistic promises made by whoever is running the BitsTrades scam app, none of which are ever likely to come into fruition. The point here is that there is just way too much going on for us to be able to trust this app.
Sure, new cryptocurrencies often make for good investment opportunities, especially when they come with lending platforms and other such things. However, you can rest assured that the BitsTrades app is by no means one of these good crypto ICOs or lending platforms. In other words, we are here doing a BitsTrades review to give you fair warning about this bogus crypto ICO. There is not a single legit or genuine aspect to this whole thing and we are here to warn you all about it. Keep reading our BitsTrades scam review to get all of the necessary info on this dirty and low down cryptocurrency scheme.
BitsTrades App: Same Scam – New Name
One of the first things that came to our attention about the BitsTrades scam is that it looks weirdly familiar to another scam that we just busted a couple weeks back. The scam was called the BitConnect app, and boy was it ever a doozy of a scam. Even though we did a scam review on it to try and warn people about it, many people still fell for it, had the wool pulled over their eyes, and lost a whole lot of money. Well it seems as though the scammers behind the BitConnect app are back at it again. They must have figured that since they were fairly successful at scamming people out of money once, they would just do it again.
Well, the BitsTrades system looks pretty much the same as the BitConnect system, down to the website, the images, the platform, the wording, and everything else in between. The point we are making here is that the BitsTrades scam is nothing new at all. It is simply an old scam which has been slightly repackaged and passed off as a legit new cryptocurrency and lending platform. Don’t be fooled folks. This is nothing new and it is certainly not legitimate in any way. The BitsTrades system is just an old scam with a new name.
Who Is In Charge Of BitsTrades Software?
The interesting thing here is that we really have no idea who is in charge of the BitsTrades scam. This was also true for the BitConnect scam. Simply put, nowhere on the website or during the presentation video are we ever told the name of a person or a company who could be in charge of this scam. This is a telltale sign that there is a scam afoot with this BitsTrades ICO. Anonyous crypto investment and trading systems are always scams. Real, legit, and trustworthy ICOs and lending systems would never be anonymous.
Real people with real crypto ICOs and real programs want real notoriety and recognition. There is no good reason for the owners of the BitsTrades ICO to remain hidden unless they are scammers. In other words, the only reason why the real crooks running the show are keeping their identities a secret is because they plan on stealing from people. They just don’t want to go to prison for defrauding people out of their money. Once again folks, never trust any kind of anonymous crypto investment program like the BitsTrades scam because it will come back to bite you in the butt.
BitsTrades Scam ICO – Absolutely No Legal Authority
Yet another surefire way of telling that the BitsTrades investment program is a total rip off is because it has absolutely no legal right to do anything that it claims to do. We looked up the BitsTrades ICO and nowhere is it registered or licensed in any way, shape, or form. In order to take investments from people for a crypto ICO, an app/company needs to be licensed and closely monitored. The same can be said for crypto signals provision and trading.
However, these licenses are only afforded to reputable, transparent, and genuine investment companies and projects. Seeing as the BitsTrades scam is totally anonymous without a real person or company at the helm, as far as we can tell, there is no way that this junk is licensed to do anything at all. Not a single sane financial agency around the world would ever give these BitsTrades scam artists a legal license to steal money from you! If these BitsTrades crooks are taking investments for their ICO, they are doing so illegally, most likely for an ICO that is nothing more than a Ponzi scheme.
BitsTrades Scam – The Ponzi Scheme
The other dangerous aspect of the BitsTrades app that we want to mention is that it is obviously a Ponzi scheme. These crooks claim that you will get truly insane ROIs and interested payments on even the smallest of investments. This is already a big red flag which indicates that this BitsTrades system is a Ponzi scheme.
They promise absolutely massive and wholly unrealistic returns on next to no investment. Yes, big returns are nice when they are real, but here nothing will ever materialize. These crooks simply take your money without ever investing it into anything at all. Even worse is that they use an affiliate program to try and get you to sucker your own friends and family into investing with this BitsTrades scam.
BitsTrades Review – Conclusion
The only thing worth saying about this BitsTrades ICO is that you need to stay away from it at all costs. It is a scam and it is designed specifically to steal your money!
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