10xBitcoin is some type of bitcoin investment scheme that promises to make you rich quick with limited work required. Find out more today in our review.
What Is 10xBitcoin?
10xBitcoin, found online at 10xBitcoin.com, promises to “empower and guide your online business to immediate profits.” The company claims to have some type of bitcoin investment scheme that guarantees profitability immediately with limited work, risk, or experience required.
Overall, 10xBitcoin’s website has all of the classic signs of a bitcoin scam or pyramid scheme. The website looks like it was designed by a 10-year old. It’s filled with spelling mistakes and awful grammar. The company doesn’t appear to sell any products or services, yet claims that it can help anyone get rich quick through some type of bitcoin investment.
Based on all of this information, we assume that 10xBitcoin is a blatant bitcoin scam. However, let’s take a closer look at how it claims to work.
How Does 10xBitcoin Work?
10xBitcoin vaguely mentions the fact that it offers cloud mining services, bitcoin education products, and advertising network, and “digital products”. However, we can find no evidence of any of these things available online.
As far as we can tell, 10xBitcoin is just a membership-based pyramid scheme. You pay a fee to join the company, then convince other people to join the company and pay the fee as well.
Here’s how the company describes its moneymaking system:
“10xBitcoin.com is an innovative multifaceted crypto-currency specialist utilizing cutting edge technology to offer it’s [sic] crypto-currency education, digital products, ads network, coaching programs and services through superior vision, and a strong company-wide work ethic to achieve outsized results, growth, and profits with our affiliate members.”
Awful grammar aside, this paragraph doesn’t seem to say anything. It’s just a bunch of buzzwords without any concrete information about how the company operates.
Ultimately, once you read through all of the gibberish on 10xBitcoin.com, you’ll get to the point: the company is launching some type of cryptocurrency scam. You pay a membership fee in USD to the company, and they give you that worthless cryptocurrency in return.
The cryptocurrency doesn’t appear to have any value. It doesn’t seem to be based on any major blockchain (it’s unclear if it’s based on blockchain technology at all).
Who’s Behind 10xBitcoin?
Like most online Ponzi schemes and bitcoin investment scams, 10xBitcoin refuses to give us any information about itself. The website has no contact information, address information, or details about the management team.
We could only find one email address: [email protected] Aside from that, we have no information about who’s running 10xBitcoin, or how to get in contact with the company.
When someone is asking you to send money online, but refuses to disclose their identity, it’s a sign you’re probably being scammed.
The only other “clue” we have is that WHOIS data tells us the domain was registered on January 27, 2017. However, the 10xBitcoin scheme didn’t appear to launch online until September 30, 2017, which is when the website was updated.
10xBitcoin is a bitcoin investment scheme with limited information available online. The company promises to pay affiliates a lot of money with no hard work, experience, or risk involved. All you need to do is send money to the company, and they’ll send you a worthless digital currency in return. Then, you need to convince other people to join the company and pay the fee as well.
Ultimately, we can find no evidence to suggest that 10xBitcoin is a legitimate investment scheme.