Bitcharisma.com Review- Another Scam HYIP Don’t Invest Before Reading

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Bitcharisma.com Review- Another Scam HYIP? Don’t Invest Before Reading

Bit Charisma Reviews: bitcharisma.com claims it is the best online investments for crypto fans. Read our review to see what experts have to say about Bit Charisma Investment. This website promises to grow your capital. Is Bitcharisma.com a reliable investment? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams.

In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What Is Bitcharisma.com- Is Bitcharisma Paying?

Bitcharisma.com is the new investment platform swooning heads with its enticing investment offer. According to the words on their homepage, if you believe BTC will be 200,000USD someday? You have come to the right place. All you need to do is choose between their seven grades of prosperity.

Should you invest with Bit Charisma HYIP? Is this investment genuine or fraud? We hope to answer these questions. Meanwhile, always have it in mind that some platforms might try to convince you to invest in this platform. However, the truth is that they might not be concerned about your end, rather they are keen on their commission as an Affiliate partner.

So, take your time to go through this review. We bet you’ll find concrete reasons that will help you make a decision about this platform.

Bitcharisma.com Scam Review: Disturbing Things Found

Though this site might appear legit to an untrained eye, the truth is that it is just a wishy washy Ponzi just like Flamebit, it is designed in such a way to convince unsuspecting investors.

They are trying every means to make this platform look legit but this is simply a marketing strategy meant to make you lower your guard. When we went through their entire website, we couldn’t find any raw data about the strategy they follow or the performance reports of their so called expert traders. None of their achievements are documented and worse of all, they do not have any specific mandate to follow.

Bitcharisma.com is like every other HYIP. It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested.

There are a lot of investors attesting to this fact that after the first few days, this platform stops paying, and leaves their transaction at ‘Pending’

Just like we said before, Those that benefit most times are the first investors. However, the system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially. Why spend your time on HYIPs when there are other legitimate and sustainable ways of making money?

Reasons Why Bitcharisma.com Is Not an Ideal Investment Platform For You

Many HYIP monitors wouldn’t tell you how this system works, even trusted hyip monitoring sites wouldn’t be quick in telling you that some of these HYIPs have a very very short span life. Below are reasons why we think it is not the best investment for you-

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  1. Bitcharisma is unpredictable. The returns are unrealistic. Common, how would they be able to keep shooting out that amount?
  2. We couldn’t come up with those behind this platform, notwithstanding the extent of our thorough investigation.
  3. Bitcharisma.com works with some HYIP monitors. Their affiliate program is lucrative, so even top 10 trusted hyip monitors would promote. Hey! don’t let your guard down.
  4. There are no Financial Authority acting as a watch dog over their actions, so they are not bounded to any regulation, and could do as they please with your hard earned money.

You might probably think you should give it a try, but the truth about investment platforms like this is that, they have smooth talkers that would make you invest more than you bargained.

You might end up registering for more than one plan. Because, common it is the nature of humans to want the best. By the end of the day, you are left dry and empty, another sob victim.

Is Bitcharisma.com a Scam or Legitimate Investment?

Though they provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the USA are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

The truth is that even the longest paying hyip would one day flop. The system is not sustainable. Why waste your time and money when there are legit and paying bitcoin investment sites? You could even start forex trading with the help of trusted brokers.

Bitcharisma.com is not a trusted Investment Platform

How To Know Investments Scam Formats

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Bitcharisma.com Reviews: Scam or Legit? | New Paying Program

Bitcharisma.com is a high yield investment program. It offers 7 investment plans such as 105% after1 Week and 112% in two weeks. The withdrawal is processed manually and the affiliate bonus is 5%.

Started: 14/03/2020
Minimum Deposit: Only 3 USD
Minimum Withdrawal: 5 USD – 0.0005 BTC
Payouts: Auto
Referral: 3% – 2% – 1%
Accept: Bitcoin, Perfect Money, Payeer, Litecoin

Content

What is Bitcharisma.com

Bitcharisma is a high yield investment program or HYIP. Bitcharisma.com HYIP has 7 investment plans. these plans paying Daily For Number of Days. According to the amount of investment made on this project, it is possible to have a return on a profit of up to 136% in 4 Weeks.

What is the minimum deposit?

The minimum investment limit required to join the site is only 3 USD.

Minimum Withdraw Receive Payment

The minimum withdrawal amount is 5 USD for Perfect Money, Payeer and 0.0005 for Bitcoin. Withdrawal of profits will be processed Automatically, including on weekends and holidays.

Accepted Payment Methods

You can use Perfect Money, Bitcoin, Payeer, and Litecoin payment methods.

Investment Plans

The investment plan of the Bitcharisma.com project.

As mentioned earlier, this project offers 7 investment plans to its investors and these plans paying Daily For Number of Days.

  1. 15% (15% on weekends) for 7 days (principal included) – total ROI: 105%
  2. 10% (3% on weekends) daily for 14 days (principal included) – total ROI: 112%
  3. 7% (3% on weekends) daily for 21 days (principal included) – total ROI: 123%
  4. 6% (2% on weekends) daily for 28 days (principal included) – total roi: 136%

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Affiliate Program

You will receive a 3%-2%-1% (3 Levels) commission from your partner’s investment.

This is what Bitcharisma.com said on their website about their investment activity:

bitcharisma.com’s team of experts in the sphere of crypto trading and crypto enthusiasts is on the same wave. We are the ones who believe in “Hoddle” trend viability meaning that we are convinced that someday all existing crypto especially Bitcoin will grow in price. That is why our team did our best to make use of current market situation and exchange rate volatility to accumulate as much crypto as possible and invest them into the most profitable assets, bringing numerous money to the pocket of us and our investors.

But to make the most of this trend and get the best profit from it we are in constant need of operating assets which we invest in buying crypto during exchange rates decrease and best options for the purchase of it, and then invest them into profitable deals at various popular crypto exchanges.

bitcharisma.com’s team of experts with proven experience at trading at markets and various stock and crypto exchanges believe that their well-developed strategies proven with time and working at traditional stock exchange markets are convinced that their idea of earning money at such way of online investment type might bring the best results both in long term and short term perspective. Moreover, their idea lies at the viability of proven life strategy that those who can wait and accumulate will be in great plus one day. Even though such saying is in some way not applicable to the world of online investments where everyone has got accustomed to fast decisions and quickly changing market situation, our experts did their best to combine classical and modern approaches of money to make use the best of crypto price volatility advantages to make Bit Charisma to be the most charismatic for the world of online investments and crypto fans.

Our experts’ strategy is sure to have attracted to all who love accumulating and knowing that they have some assets and use them with time and get a good profit from it, so if you are from such a team welcome on the board to check all the advantages of such strategy.

More About bitcharisma.com:

bitcharisma.comLimited is not available to the general public and is opened only to the qualified members of bitcharisma.com Limited, the use of this site is restricted to our members and to individuals personally invited by them. Every deposit is considered to be a private transaction between bitcharisma.com Limited and its Member.

As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof. We are not FDIC insured. We are not a licensed bank or a security firm.

You agree that all information, communications, materials coming from erafx7.com Limited are unsolicited and must be kept private, confidential and protected from any disclosure. Moreover, the information, communications and materials contained herein are not to be regarded as an offer, nor a solicitation for investments in any jurisdiction which deems non-public offers or solicitations unlawful, nor to any person to whom it will be unlawful to make such offer or solicitation.

All the data giving by a member to bitcharisma.com Limited will be only privately used and not disclosed to any third parties.bitcharisma.com Limited is not responsible or liable for any loss of data.

You agree to hold all principals and members harmless of any liability. You are investing at your own risk and you agree that past performance is not an explicit guarantee for the same future performance. You agree that all information, communications, and materials you will find on this site are intended to be regarded as an informational and educational matter and not investment advice.

We reserve the right to change the rules, commissions, and rates of the program at any time and at our sole discretion without notice, especially in order to respect the integrity and security of the member’s interests. You agree that it is your sole responsibility to review the current terms.

bitcharisma.com Limited is not responsible or liable for any damages, losses, and costs resulting from any violation of the conditions and terms and/or use of our website by a member. You guarantee to bitcharisma.com Limited that you will not use this site in any illegal way and you agree to respect your local, national and international laws.

Do not post bad votes on public forums and rating websites without contacting the administrator of our program first. Maybe there was a technical problem with your transaction, so please always clear this thing with the administrator.

We will not tolerate SPAM or any type of UCE in this program. SPAM violators will be immediately and permanently removed from the program.

BitWallet Review – Another HYIP Scam You Should Avoid

by Alex Y · Published · Updated

What is BitWallet? Should you trust BitWallet and invest your money in this investment program? Read this BitWallet review and find out why you should avoid this investment scam.

BitWallet Review

What is the BitWallet?

Name: BitWallet
Website address: BitWallet.biz
Price: $5 (minimum)
Referral commission: 3% or 5% or 10% (depending on the investment plans)
Status: Scam
Overall Rank: 0 out of 100

From the official site, it is mentioned that BitWallet provides Bitcoin investment services from Burlington, Ontario.

To make an investment you must first become a member of BitWallet.biz. Once you are signed up, you can make your first deposit. All deposits must be made through the Members Area through PerfectMoney, Bitcoin, Litecoin, Payeer, AdvCash and BankWire.

There are three investment plans available in BitWallet and the best plan returns 20% ROI hourly for 24 hours. The minimum deposit for this plan is $1,000. The withdrawal of the profit can be made almost instantly. One thing you have to take note that the Principal will not return when your deposit is expired.

It does sound too good to be true but this is the nature of HYIP. I have done a thorough research and I would like to confirm that it is a scam operation. Read on to learn more about this BitWallet scam.

Should You Trust BitWallet?

You should not trust this investment company.

The BitWallet is a scam. It is a fake investment company. From the official website, one can notice it is an HYIP investment scam that aims to steal your hard earned money. Why? There are a few red flags I managed to pick up.

#Red Flag 1 – New Site and Unknown Identity

BitWallet is very new and looking at the date of registry, BitWallet.biz was registered in 2020-05-14 and it is expiring on 2020-05-13.

The registrant’s name shows up as Gustavo J Irwin. I have tried to search for that name on the internet and nothing shows up. This is a clear warning that the scammer does not want to reveal his or her real identity to avoid detection.

#Red Flag 2 – Ponzi Scheme

BitWallet offers an extremely high (10%) referral bonus. For a real investment company, this would equal giving away the entire (if not more) profit margin. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.

That’s how a Ponzi scheme is operated. They recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.

It is a fraudulent investment scheme where they pay returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

It is a pyramid scheme that typically collapses in the end because it requires exponential increases in participants to sustain the business model. That simply means the scheme cannot go on forever.

The BitWallet probably still pays their investors for now as the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.

#Red Flag 3 – Vague Investment Information

Obviously, there is a lack of details on how BitWallet manage the money from the investors. BitWallet tends to be vague about the strategies used in their program.

I tried to look for more information “About” BitWallet, all I got is just a vague information. Furthermore, they are not backed by a real and verified trader. There is no proof and information at all on who are running behind the scene.

Given that BitWallet is an Investment Service, it should be regulated by the Financial Conduct Authority (FCA). There is, however, no record of the company in the public register.

This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, BitWallet fails to do so.

#Red Flag 4 – High, Unsustainable Yields

I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1% percent to2 % daily profits to its members.

The BitWallet discloses their investment plans with no aim to hide its absurd and unsustainable returns. The provided calculator shows you can earn up to 20% ROI HOURLY for 24 hours. To me, it is a total nonsense.

The funny thing is the investment plan returns a perfectly steady positive income percentage regardless of any external variable such as price volatility. Don’t you think this sounds a little fishy?

The ROIs that they claim on the official page clearly indicate that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.

Conclusion

I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.

Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.

Fraudsters like BitWallet spends a lot of time trying to convince people that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich.

Don’t ever believe it.

Based on my observation, it is very clear that BitWallet is an investment scam.

I reviewed some other similar HYIP in my blog too like Amazing 5 and Capital7. They both work the same way as BitWallet.

By the way, Amazing 5 started 6 months ago and now it is official shut down. It is now gone with a lot of money from many victims. This is a prime example of how these HYIPs scam your money.

Why do people keep joining HYIPs knowing that they are Ponzi schemes?

GREED!

All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.

Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.

However, most of the people end up losing their savings and hard-earned money.

I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.

I bet you have seen a lot of HYIP monitors on the internet. Do you know they are controlled by the same people who run the HYIP Scams?

HYIP monitor admins ask any and all HYIP admins to submit their HYIP websites. The monitoring site then collects a processing fee and earn referral commissions from the money that you put in. HYIP admins treat monitoring sites very well. Therefore, if you see paying status on monitoring site, it does not mean, the HYIP is paying all investors.

Some HYIPs are paying profits for investments of monitoring sites but not for the investors. This is to maintain their reputation as a paying HYIP – keeps investors flowing in but in actual fact, investors are not being paid.

Go to any HYIP monitor sites and click on any link of the program. You will notice you will be directed to a referral link. Yes, these HYIP monitoring sites are making money out of you too.

Final Word

I don’t like the reliance on a Ponzi scheme in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.

One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.

If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs like BitWallet then Wealthy Affiliate might be what you’ve been looking for.

When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.

Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.

Extra Income as an Affiliate of WA

Just like Amazon, WA allows you to generate income as its affiliate member. Meaning, that if you make a sale, you receive a commission. If you don’t make a sale, you don’t make a commission.

The monthly investment to gain access to all the bells and whistles of WA is $47/month. You have the option to pay upfront and gain access to a yearly membership while saving on the total investment.

Here’s the commission breakdown for the sale of each membership.

  • $175 upfront and recurring yearly commissions for the sale of an annual membership
  • $22.50 upfront and recurring monthly commissions for the sale of a monthly membership

Here is a hypothetical breakdown of “monthly” income statistics for you based on just a 4-month recurring monthly membership commissions.

  • 1 sale per day= $2,700/month
  • 5 sales per day= $13, 500/month
  • 10 sales per day= $27,000/month

I personally find I make more commissions through WA than Amazon as the training modules are solid and most of them stay with WA for more than a year.

Here are my recent affiliate commissions rewarded from WA. I generated $5,886 in my last 7 days and it’s actually ramping up over time.

As long as people are still a member of WA, I get rewarded the recurring monthly commissions. This is what I meant by sustainable income. There are more than three billion internet users around the globe. Making 1 sale per day is not difficult at all with the blueprints and the step-by-step guide from WA.

Click Here to Get Started Today

If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.

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