BTCKing (btcking.biz) is a high yield investment program which claims to earn its users returns of up to 1,000% after 3 days with no risk associated. There is no sort of credible proof to support their claims. While we were investigating this service we found a lot of misleading factors and high income claims makes us believe that we are dealing with a fraudulent ponzi scheme. Read our full review to find out why we recommend everyone to stay away from this scam.
BTCKing Scam Warning-
There is no information available about the creators or developers behind this platform. The anonymous nature of the creators and the lack of transparency are the traits of a scam.
BTCKing represents an ICO wherein it requires its members to invest a certain amount of money and in return they are provided with a fixed predetermined returns. While we were trying to validate their service we could not find any certificates confirming licenses they must lawfully hold. We have confirmed through the FCA BTCKing has never been licensed which means they are trading and investing for their clients illegally.
BTCKing does not talk anything about how the signals are generated or how the funds are allocated? We do not know which parameters are considered by this firm before executing the trades. There is no report of previous performance report of these so called trading professionals. How can they expect the investors to trust their firm without telling them how their funds will be handled and the trading system it follows.
BTCKing claims to earn its users returns of up to 1,000% after 3 days with no risk associated. These type of returns are not only difficult to achieve but impossible to deliver on a consistent basis. The platform displays different investment plan where in for higher returns the users have to increase their starting deposit. High return claims are used just to catch your attention and trick newbie investors into depositing with them. Ask yourself if this platform could really generate the type of returns as advertised with no risk associated why would they offer it to the public for a minimal cost?
If the users face any problem on this platform, the support team can be contacted through telephone and email.
The minimum investment plan on this platform starts at $30 and tops out at $2000. The deposit and withdrawal methods supported by this platform are Bitcoin, Litecoin, advcash, Payeer, Perfect Money and bankwire. They state that the withdrawals are processed within 12 hours.
BTCKing features a lot of testimonies where in the alleged early users express their views about the platform. Do not believe them as they are not from real users, they are all from fake profiles. Ask yourself why would they put up fake testimonials on their website unless they are deliberately trying to hide something from us.
BTCKing features many characteristics similar to a ponzi scheme. Like most fraudulent investments their main goal is to make as much money as possible from registration before they get shut down. The affiliates are paid a percentage of deposits made by their referrals.
BTCKing Review Conclusion-
BTCKing is just another get rich quick scheme which promises unrealistic returns over a very short period of time. Do not invest your money into this firm for any reason.
Review Date: 2018/06/17
Author Rating: 1/5
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