Website Review : SCAM or PAYING?

Bitero.io Review SCAM or Paying?

Scam
problem

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Bitero.io Review SCAM or Paying?

Summary

User Management/Design: Custom
Company transparency: Not Legit
Site Security: SSL
Deposit options: Bitcoin
Affiliate: 1%-10% 
Withdrawal: Instantly 
Investment: Starts from 0.005 BTC 
Profit: 2% on Weekdays & 1% on Weekends

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User Review
0 (0 votes)

Status: SCAM-PROJECT
(classified as HYIP)

a well-drafted HYIP build with the only purpose of getting popular fast and runoff

pros

  • None

cons

  • Only one payment option – Bitcoin
  • Limited information about the company 
  • No real business model 
  • Unrealistic returns

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.

Red-Flag Score

  • Company registration: Y
  • Address: Y
  • People identity: Y
  • Script/code: N
  • Design: Y
  • Profit return: Y
  • Onsite statistic process: Y
  • Payment processors: N
  • Video/Images of facilities: Y
  • Registered on HYIP Monitors: Y

SCAM SCORE = 8/10

STATUS: SCAM PROJECT

Company 

Bitero is a UK-based company. They claim to leverage machine learning and artificial intelligence in trading and this gives them a competitive edge. The Bitero team also claims to have decades of experience in Gold, Stocks, Forex, Futures, and more. It is a UK-based company and its registration number is 12837743. 

Address: 40 Bank Street, London, United Kingdom

“Bitero is a company that started as an idea, around which a team of enthusiastic visionaries was built. This team, consisting of various investing experts, experimented and developed novel frameworks for creating diversified investments with a high return and high security. The most successful frameworks were solidified and functioned (and still do) as the backbone on which this investment platform now known as Bitero was built.

We have gathered the brightest minds from multiple fields to guarantee that all our decisions and actions are always backed by experience, analytics, research and calculations. By combining the knowledge and experience of financial trading with the possibilities offered by Blockchain technologies we manage to soar through the financial markets.”

Bitero is into:

  • #1. Forex Markets
  • #2. Bitcoin Mining
  • #3. Venture Capital
  • #4. The Digital Exchange
  • CEO: Pavlo Yasenchuk
  • Chief Financial Officer: Do Hun Min
  • Chief Technical Officer: Marvin Faurent
  • Chief Marketing Officer: David Leakens

Investment Plans

Bitero has only one plan and that is an open-end one. It means that you can input the desired amount that you want to invest. The investment duration is set at 30 days. You can only purchase plans on Bitero by Bitcoins as that’s the only available payment option. The minimum investment is set at 0.005 BTC and there’s no maximum amount that you can invest.

Conclusion 

Bitero is an HYIP website that is going all out and has done their homework better than the rest. They have done a lot better to present themselves as a genuine and honest investment company. But again, we don’t value the marketing aspect while reviewing investment companies. We value the companies in terms of strong fundamentals and various red flags. When it comes to red flags, we found Bitero.io to have a score of 8 red flags out of 10. This is a considerable score. 

The website is good and it is specifically created for Bitero. But it is not anything special. It is average in terms of user-friendliness. You must also come across the names of the founders and other key personnel on their website. But during our research for bitero.io review, we did not find any social media profiles of them to verify their identity. What we did find was that Do Hun Min, Marvin Faurent, David Leakens all 3 used fake images and simple profile creation such as on XING.COM and ENTREPNR.COM for all 4 of them created recently. Pavlo might use a real person’s name but the 3 others are definitely fake.

Further investigation revealed the current address is what we call a dummy address. There is no registration or connection to this location 40 Bank Street, in London. More strange is the UK registration was originally registered to Pavlos address, 6 Haroldstone Road in London, then shortly after changed its registration to PO Box 4385, 12837743: Companies House Default Address.

During our research, we found that Bitero has quite a number of positive reviews on Trustpilot. That should have translated to a good number of organic traffic. Yet, that is not the case. This indicates that most of the reviews regarding Bitero is paid and not real and authentic ones.

Bitero is under the paying status in a handful of monitors. But a majority of them have kept it under waiting status. Regardless of if they are paying or not, it is 100% true that they won’t keep on paying for long. Only invest what you can invest. Our rating for bitero.io is 0.7 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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