Vario Bit Review is Variobit.com a Scam or Should I Invest

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Vario Bit Review: is Variobit.com a Scam or Should I Invest?

VarioBit Review: Vario Bit Ltd claims it could make you good profits from bitcoin cloud mining. How true is this? 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 of Variobit.com, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Variobit.com Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a 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, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. 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.

Most of them 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 are not in actual sense located there.

VarioBit Ltd is not a legit bitcoin mining company. Don’t be deceived by their promises.

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.

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Vario Bit Review: is Variobit.com Scam or Legit Bitcoin Mining?

Vario Bit claims its a bitcoin investment and cloud mining platform. This review tells you all you need to know about this HYIP (high yield investment programme) known as VarioBit, with the information provided here, you can now decide if it is worth investing in or it is a scam that pays.

HYIP is a type of ponzi scheme. What this means is that initial investors only get paid when new investors makes a deposit, that is to say; the scheme only runs provided there are new investors added continuously. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Its a type of Ponzi scheme. The people that benefits from it are those that signed up at the early stage when the site was newly opened.

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Therefore, in making decision whether or not to invest in any HYIP, an important factors to consider is the duration. That is, how long they have been online. This enables you to know if they are paying.

Vario Bit – details

VarioBit Limited is not a legit bitcoin mining company, in the sense that there is no actual mining process going on. It is just a pool of people investing into a Ponzi scheme or rather a Pyramid scheme. You are to refer investors into the scheme for a referral bonus to keep it running. As soon as the amount of new investors drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Nobody knows when its going to collapse. Deposits or withdrawal can be made using bitcoins, Payeer, Perfect Money, Advcash.

On a final note.

Many investors fall prey to these HYIPs mainly because of the high returns they are promised. Knowing this fact, a lot of HYIP keeps springing forth as the days goes by, exploiting investors who are too quick to sign up for schemes that promises quick money. We have made it a duty to inform you about these HYIP scams. It is now left for you to decide whether to go for it or not.

P.S We don’t endorse HYIPs and we advice our readers to go for sustainable legit ways of making money.

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TBBOB

Fighting online scams since 2020

AWFUL SCAM: Vario Bit review

In this review we explain that Vario Bit is a scam that has nothing to do with crypto mining or real investing.

Vario Bit Ltd. claims to be a company with a 10-year history in investing. Now it has added bitcoin mining to its portfolio. All these activities allegedly allow it to offer very generous investment plans.

The three plans offer 110% after 7 days (which means 42% net in one month), 5% daily for 30 days (50% net in one month) and 4% daily for 45 days (20% net in one month).

Is it a genuine investment opportunity?

Table of Contents

Vario Bit scam

It should be general knowledge and obvious to everyone, 50% per month is impossible in any legit and sustainable business. Period. Any time you see an offer of this kind, you can walk away, because it is not a legit business. That’s the reality.

Forget about bitcoin mining, because of the low price of bitcoin nowadays it is not profitable, you would be happy to break even. 50% per month was not possible in bitcoin mining even when its price was peaking last December.

And 50% per month is of course not possible in traditional investing either. You have to realize that it is 50% net, which means that Vario Bit would have to make even more, because they won’t be working for free, right?

Fake company

Vario Bit shows a tax registration from the UK, but it says nothing about the legitimacy of the company. They claim to be 10 years old, but as you can see, the registration is one year old. You can be sure that it won’t last another year.

If Vario Bit was a legit investment company, it would be registered with the Financial Conduct Authority. But it is not, as you can see on our picture, which makes it a company that provides investment services illegally!

How it really works

It’s obvious that Vario Bit is a Ponzi scheme. This means there is no real business activity going on, just a financial game. New deposits are used to pay withdrawals until the system collapses or the owners decide to run away with all the money.

In any case Vario Bit is doomed to fail, it is only a question of time.

Conclusion

Vario Bit is a scam that is going to collapse and take a lot of money with it.

Crypto mining is not profitable nowadays. It is possible to make money in crypto trading, but it takes time to build a profitable strategy. You can practice it on a free demo with a regulated broker.

Forget about free systems making you tens of percent per month, they all are scams.

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