Bitadvisor is a relatively new ICO(initial coin offering),
which has been around for about two weeks as of
publishing this review. There is no information
available about the developers or creators of this ICO
stated anywhere on the website. Bitadvisor promises
a study return on investment of 10 – 15 % on a daily
basis and as features of a ponzi scheme. Read our
full review to find out other shady practices going
on with this ICO and the reasons to stay away from it.
Bitadvisor Scam Warning-
Bitadvisor is an ICO meaning that they raise the capital
from general public and offer them predetermined
returns for their investiments. Bitadvisor is allegedly
engaged in mining of bitcoins, ethereum, litecoin and
other crypto currencies. The funds taken from the
investors are used to replace the end of life equipment,
ASIC miners and to improve the ventilation system to
enhance the efficiency of the mining.
Bitadvisor promises the investors a steady returns of
10 -15 % on a daily basis. To get maximum returns the
starting investment has to be a higher deposit amount
of 50.001 BTC. There are four investment schemes to
choose from. The minimum deposit of 0.001 BTC gives
an alleged returns of 10% daily and by starting with the
deposit of 50.001 BTC it promises returns of 15% daily.
The returns promised by this site is outrageous and no
legit site can offer these types of returns consistently.
The value of bitcoins and other cryptocurrencies
fluctuate a lot on an intraday basis as they are too
volatile. So it is very difficult to provide steady
daily returns. Bitadvisor also claims to be risk
free. This is just a gimmick to get your attention.
Bitadvisors also features a ponzi or pyramid scheme
which helps them to get maximum amount from
registrations possible before they get shut down.
The affiliates of Bitadvisors are paid a referral
amount of 1 – 5 % of the deposits made by the
clients. The way Bitadvisor makes money is by
getting deposits from the investors and affiliations
with other services. They do not mine bitcoins or any
Bitadvisor is not regulated by FCA and FTC meaning
that they are investing for its customers illegally.
Bitadvisor is a fraudulent investment opportunity which
is carrying on its operation illegally. We suggest all our
readers to stay away from these scam.
Review Date: 2018/04/19
Author Rating: 1/5
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