Betandearn.biz is an online investment opportunity which claims to generate up to 107% return on investment per week. There is no sort of credible proof to back up their bold claims.
This has been active for around 2 months as of writing this review. When we were investigating this platform we found a lot of inconclusive facts which makes us question the legitimacy of this company.
If you are considering to open up an account with this platform, continue reading our unbiased review to find out why you should be very cautious while dealing with this firm.
Company and Support
All the firms which raise money for investing purposes are required to be heavily regulated in most of the countries.
This platform features some type of registration document on their website but fails to provide the physical address and other forms of direct contact information.
The creators behind this platform are also unknown. The level of anonymity is extremely disturbing.
The support team of this firm can be reached through a contact form provided on their website wherein you have to enter your name, email address and explain the query.
Isn’t it strange despite the bold claims they fail to provide us telephone and email assistance.
How does Betandearn.biz work?
Betandearn.biz is a betting exchange which claims to have a success rate of over 80%. They state that they employ engineers who broaden their field of investment and thereby increase the profits.
Their narration is inconclusive and does not give much information about what parameters are considered before making a pick. We are not briefed about what creates an edge for this firm in order for them to be profitable.
Apart from the accuracy rate, there isn’t anything much revealed.
What kind of profits can you expect to make with Betandearn.biz?
This platform offers returns of ranging from 1% per day to 107% per week. These type of returns might seem achievable but is impossible to deliver on a consistent basis.
For higher returns, the investors have to ramp up their initial deposit.
There are 4 investment plans offered by this platform
Returns – 0.80% Daily
Amount Range – $10 – $100
Time Period – 1 Day
Returns – 107% weekly
Amount Range – $25 – $250
Time Period – 7 Days
Returns – 3.5% Daily
Amount Range – $50 – $500
Time Period – 35 Days
Returns – 11% Daily
Amount Range – $100 – $1000
Time Period – 11 Days
According to the profit calculator provided on this platform if you invest $1000 you will get a profit of $770 after 1 week. Sounds like too good to be true, right?
To reach more people, this platform encourages its existing users to refer more people on to their platform and rewards them handsomely for doing so. Affiliates promoting this platform are paid a percentage of deposits made by their clients. The range of commissions depends on their rank.
The affiliates do not have to be an active investors to collect their commissions.
Deposit and Withdrawal
The minimum deposit amount is $10 and the minimum withdrawal amount is $1. The e-currencies supported by this platform are Perfect Money, Payeer, Bitcoin and advcash.
They state that the withdrawals are usually processed instantly but can sometimes take up to 24 hours.
According to whois.com this domain was registered on 13/05/2018 and expires on 13/05/2021.
We were quite surprised when we saw the user stats put up on this website which says that it has more than 1200 users.
This website has a global rank of 249,489 and it ranks 23,537 in Russia according to alexa.com.
The majority users coming to this website are from Russia, Ukraine, India, Iran and Brazil.
Is Betandearn.biz a Scam?
Since there is no evidence of theft, we believe it is not an overblown fraud but the information provided on their website is highly misleading.
Betandearn.biz Review Conclusion
Since this firm is not the most transparent out there, we recommend all our readers to use extreme caution while dealing with them.