Website Review : SCAM or PAYING?

Bitbinary.net Review SCAM or Paying?

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Bitbinary.net Review SCAM or Paying?

Summary

User Management/Design: Standard template
Company transparency: Not transparent
Site Security: SSL
Deposit options: BTC, LTC, USDT, ETH & DOGE
Affiliate: 20%-40% 
Withdrawal: Instant
Investment: Starts from $10 
Profit: 100%-550% per year

Sending
User Review
5 (1 vote)

Status: WAITING
(classified as HYIP)

pros

  • Multiple payment options 
  • Offers $20 worth of bonus on joining
  • High referral commission

cons

  • A limited number of cryptocurrencies for trading
  • Pretty new company

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.

Company 

The company is based in Hong Kong and has attached multiple documents to back their claims about being based in Hong Kong. Their website says the following about the company:

“We work solely in the legal department and are listed as the trading company based in Hong Kong. All legal documents of the body are provided here. The main Bitbinary office is headquartered at 183 QUEEN’S RD E WAN CHAI HONG KONG. Though, because of the pandemic, we were forced to move to a more safe place. Currently, we are located in another office in Switzerland. Our temporary address: Avenue des Morgines 12, 1213 Lancy, Switzerland.

Registration number: LTD № 2963764. If you want to check the trustworthiness of the attached documentation and make sure of our company’s legality, please follow the link to the official registration section.”

The main product of Bitbinary is a trading bot. They have multiple trading bots on offer that we will see in the below section. 

Investment Plans

There are multiple bots – 7 to be exact, offered by Bitbinary. The details can be found in the below image. The range of interest rate that you will earn, depends upon the type of bot you choose. The duration also depends on the type of bots you select. 

Bitbinary.net Review SCAM or Paying?

Conclusion 

Legit? Doubtful! After all, it is an HYIP, so we all know what means in the long run.

During our research for Bitbinary review, we found that it has got a good score on Trustpilot. But does it mean that it’s all good and dandy with Bitbinary.net? Of course not! 

There are way too many red flags about Bitbinary. Their business description doesn’t make sense. Information provided by them is pretty limited and one cannot judge if they are credible or not. There’s almost no information about the company outside its website. None of their team members or founders have any social media presence including on LinkedIn. 

Their plans also promise a lot but there’s no proof if they deliver on those. Most of the monitors have kept Bitbinary.net under “Waiting” status. One of the monitors is showing them under the paying status. We will have to wait and see if Bitbinary delivers on their promises. As of now, our rating for Bitbinary.net is 1.3 out of 5.0.

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.

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