A lot has been said about high yield investment programs and how fraud is prevalent in this sector. Truly, the industry is marred by several scams offering alluring investment plans. A quick search of ‘BTC-income’ on Google reveals our worst fears, indexed results explicitly label this website as a Ponzi that investors should be wary of.
What Is BTC-Income?
According to its website, this is a London-based trading agency that concerns itself with stock trading, Bitcoin mining, debt management and many more to both private and corporate clients. Apparently, the company operates using multiple approaches such as investment managers, venture capitalist, microfinance enterprise and independent contractors.
The project was masterminded by a team of seasoned brokers from all over the world. Initially, the platform was meant for consumers living within the United Kingdom. However, that has since changed, and the company is now ready to venture into the global scene. Purportedly, the firm uses a unique business model that enables its members to get the most out of any complexity.
Features & Plans
As mentioned earlier, scamming HYIPs often entrap naïve customers using their lucrative investment packages. In this regard, BTC-Income does not fall short. It features eye-catching bouquets each with tempting profit margins. The lowest tier generates daily profits of up to 20% while the topmost package returns a whopping 300%.
Concerning deposits, the minimum amount varies as per the selected investment plan. Currently, the least acceptable deposit overall is $10, while the maximum is set at $100,000/ besides the above, users can also supplement their income using the referral program. Here, members can either earn 5% or 10% depending on their affiliate status; beginners get the 5%, while representatives get the 10%.
Without a doubt, the program in question is a fraud. Look no further than the outrageous profit margins to confirm this fact.
The figures are simply unachievable, regardless of the nature of the business or how effective their business strategies are. Furthermore, Google results raise a red flag on this website, alleging that it’s a scam. Therefore, investors should shun this company and its operations.