Ponzi schemes are rampant in the cloud mining field. A lot of programs are posing as high yield investment programs while in the real sense they are targeting noobs in the cryptocurrency world who are looking to make quick money. A search on Google, where you can find virtually everything there is, seems to have scanty information about btc7.biz. Although there are no complains of people having being swindled off their hard-earned money by this program, we are quite convinced this a classical case of a scam.
What Is Btc7?
Btc7.biz is a UK registered company that has been specializing in investments such as foreign exchanges, cryptocurrency exchange markets, stock options, and oil trading. They claim to buy low and sell high which makes it highly profitable and risk-free company to invest on. Their team of experts handle all their client’s investments to ensure that they gain profits. Furthermore, once a client is paid out their profits, they can reinvest the profits with guaranteed higher returns.
Although the owners of this site claim to be registered in the UK, it appears that it is based in Canada. However, there even more other countries involved. Seems like the owner is using a service to hide his location. Red flag!
The website is just 6 days old on the internet, with an expectancy life of 365 days. Quite short! The site is also sharing a server with 10 other websites which are scams.
BTC7 Bitcoin High Yield Investment Plans
Btc7.biz has all the traits of a fraudulent HYIP. There are several packages. Have a look at them:
20% hourly for 7 business hours
250% After 1 Days Calendar Days
1777% After 7 Days Calendar Days
7777%After 17 Calendar Days
The profits promised are interminable, no matter the prevailing market conditions of cryptocurrencies. In addition, investors will have a peace of mind as their investments are risk free.
Deposits and withdrawals are processed through Bitcoin, perfect money, and Payeer.
Affiliate commission is earned on different levels. A direct reference will earn you 3% commission on their investment and then a 1% commission for up to the 7th generation.
Programs like this are undeniably outright scams. Their profit margins are simply out of the world for beginners. In addition, there is no business that is 100% risk free. This is one of the money scams looking to close shop once they have hit their target. We do not recommend it.