More

    HiRiBi – Bitcoin Cryptocurrency BTC Paypal Exchange Rate Service?

    HiRiBi, found online at HiRiBi.com, is a bitcoin exchange that promises to offer the best rates. Find out how it works today in our HiRiBi review.

    What Is HiRiBi?

    HiRiBi is a London-based business that promises to let you “exchange your bitcoins with best rates on the market.”

    The company claims to scan through a list of the top 20 exchanges on the market to find the best rate. If you’re buying bitcoin, you get the lowest rate, and if you’re selling bitcoin, you get the highest rate. In general, HiRiBi’s rates seem to be the best we can find on the market by a significant margin.

    Along with bitcoin, HiRiBi supports Ethereum, DASH, ETC, LTC, and DOGE.

    The company appears to be legitimate, and they’ve been active online since the beginning of 2017. They have a page on Trustpilot with good reviews. However, there are plenty of red flags – like spelling errors and awkward grammar on the official website. The company also offers a generous affiliate program, which could lead to a proliferation of fake reviews across the internet.

    One of the advantages of HiRiBi is that you can buy cryptocurrencies with PayPal – something that isn’t supported in PayPal’s terms of service, and something PayPal has historically blocked.

    Let’s take a closer look at how HiRiBi works to see if it’s legitimate or not.

    How Does HiRiBi Work?

    Step 1) Visit HiRiBi.com and check the exchange rate.

    Step 2) Enter the amount of cryptocurrency or fiat currency that you wish to purchase.

    Step 3) Enter your PayPal address. Click pay, and pay the amount from your PayPal account on the next screen.

    Step 4) The PayPal payment will be made after 3 bitcoin network confirmations have completed.

    Basically, you pay HiRiBi through your PayPal account, then receive cryptocurrency. You can also pay HiRiBi with cryptocurrency, then receive money through PayPal.

    As mentioned above, PayPal has made no efforts to support cryptocurrencies (which is understandable, considering cryptocurrencies are a major threat to PayPal’s business). Typically, it’s virtually impossible to buy or sell cryptocurrency with PayPal – unless you use a third party provider like HiRiBi.

    You can also get an extra 10% discount on your HiRiBi transaction by topping up your advertising account on supported ad networks. You can buy any item or top up your ad account and get a 10% discount or 10% bonus. Bing is supported, along with dozens of smaller advertising networks. Google AdWords, however, is not one of the supported ad networks.

    In terms of payments, HiRiBi accepts payments via Bitcoin, WebMoney, SOFORT, CASH, and Perfect Money.

    HiRiBi Referrals And Affiliate Program

    HiRiBi offers a generous affiliate program where you can share your referral link and earn 5% from each exchange request for life.

    This doesn’t appear to be a multi-level affiliate scheme: it seems to be just a straightforward affiliate promotion where you get rewarded for referring new people to the platform. However, HiRiBi does encourage users to post their affiliate links on advertising networks, and to post positive reviews of their service across the internet along with screenshots of their successful transactions – so they’re clearly heavily encouraging the affiliate angle.

    About HiRiBi

    HiRiBi Exchange Limited is a UK-registered company. The company lists an address at the Penhurst House in London, England. You can contact the company by phone at +44 2082 438 546 or by email at [email protected]

    We searched for the company’s business number online and it’s true: they appear to be a legitimate UK-registered company. You can view their registration information here. The company was incorporated in February 2017. The only listed member of the company is Claire Giesler, listed as the Director.

    Conclusion: Is HiRiBi a Scam?

    HiRiBi doesn’t appear to be a scam – despite a number of Reddit posts and forum threads asking that very same question. The company appears to have successfully cleared a number of transactions through PayPal and other conventional payment methods.

    However, there are certainly some red flags about the company. It’s unclear how the company offers a bitcoin rate that’s significantly better than any competitor on the market, for example. It’s also unclear how many of the company’s online reviews are legitimate – and how many are just taking advantage of the HiRiBi affiliate program.

    Ultimately, PayPal has a history of shutting down bitcoin transactions, which means you should be cautious when dealing with any service like this. You may want to wait for more information to come out online about HiRiBi. For now, proceed at your own risk.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,262FansLike
    2,712FollowersFollow
    4,097FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Uzbekistan Gov't And Cardano’s Emurgo Partner On Blockchain Task Force For STO Regulations

    Emurgo, Cardano’s blockchain commercial wing, has inked a partnership deal with the Uzbekistan government to help with setting up a task force which will...

    Binance Adds 2nd Fiat To P2P Trading Platform, Vietnamese Dong VND-To-Crypto Now Open

    Binance crypto exchange announced the second fiat currency on their peer-to-peer (P2P) platform on Monday, January 20, 2020. The Vietnamese Dong (VND) was...

    Fed’s “Not” QE Pushing Dow and S&P 500 to ATH makes Investors Nervous, Driving them into Bitcoin

    Buy Bitcoin today while the US Stocks markets stay closed in observance of Martin Luther King Jr. Day Federal Reserve Chairman Jerome Powell might...

    Crypto Payment Processor BitPay Adds XRP Support On Apple iOS And Android

    BitPay, a crypto payment service which provides users a wallet as well as gift cards which can be bought using different coins, is now...

    $7 Trillion AUM Giant Fidelity Posts Job Opening For Bitcoin Mining Engineer

    Fidelity is looking to expand operations and as a result, is hiring a Bitcoin (BTC) mining engineer to help with the design, maintenance, and...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.