GlobalBid is a bitcoin investment scam that claims to “let your bitcoins work to multiply indefinitely.” Find out how this scam works today in our review.
What Is GlobalBid?
GlobalBid, found online at GlobalBid.biz, is a bitcoin investment scheme that promises to multiply your bitcoins “indefinitely”.
There are countless red flags that warn visitors about GlobalBid being an investment scam. The first and most obvious sign is the ridiculous returns: the company promises to pay you 5% to 10% daily ROI for the rest of your life.
All you need to do is give the company a minimum of 0.005 to 2 BTC, and they’ll give you free money for the rest of your life. There’s no risk, skills, hard work, or experience required. It’s free money.
Obviously, when someone promises to give you returns as high as 10% per day, guaranteed, for the rest of your life, you can be 100% certain that you’re being scammed. Let’s take a closer look at how GlobalBid’s scam works.
How Does GlobalBid Make Money?
GlobalBid claims to make money by using its “ambitious team of professionals” who “know all the moves in crypto-trading” (seriously, this is the word-for-word explanation on the website).
That team has a “wealth of experience and expertise in the stock market”. Instead of keeping investment returns for themselves, this team has graciously decided to share its profits with people like you.
In reality, GlobalBid doesn’t seem to invest in anything. The company appears to be exclusively focused on selling memberships in the company. There’s a three level affiliate program. You get a small commission in exchange for convincing people to join the scam. The remaining commission gets funneled to the top of the pyramid – like to the person who referred you to the scam.
Who’s Behind GlobalBid?
The company officially calls itself GlobalBid Business Limited. They claim to be based at 111 Old Broad St in London, England. You can contact the company at +44 2036 082 078 or by email at [email protected]
That address appears to be a legitimate address in London’s city center. However, there’s no evidence that GlobalBid is actually located at that address.
GlobalBid provides no further information about its owners, its management team, or anyone involved with the project. As far as we can tell, all the information about the company on GlobalBid.biz is completely fabricated.
The company appears to have launched online in late August.
GlobalBid is a blatant bitcoin investment scam that promises enormous returns (“10% daily forever”) with no work, risk, or experience required. Whenever you see a company promising returns like this online, you can be fairly certain that you’re being scammed.
Based on all of the information we can find online, there’s no evidence that GlobalBid is a legitimate company. The company seems to be a complete bitcoin scam that will disappear from the internet as soon as it has convinced enough people to join.