BTCBinary Review – BITCOIN SCAM ALERT!

OFFICIAL SCAM SITE: btcbinary.biz

BTCBinary software claims to be a cloud mining solution for Bitcoin, one that can potentially provide you with some truly outstanding returns. Yes, Bitcoin mining is a real thing, and yes, if done properly, it can actually be quite lucrative. However, the least of Bitcoin mining operations out there are actually able to turn a profit, let alone a really substantial profit.

We just are not sure if this BTCBinary mining app has what it takes to put money in your pocket. Yeah, it could be the real deal, but there are plenty of red flags and other factors which indicate that there is something shady and illegal going on here. We are here today doing this BTCBinary review to warn you about the very real danger which this cryptocurrency mining operation poses to your financial security.

BTCBinary Scam Alert

BTCBinary LTD – Company Information

The first scam factor which came to our attention in regard to this BTCBinary LTD company, is that the company itself does not appear to be legal or legit in any way, shape, or form. You see, this company claims to be registered as an official business entity in the country of Panama. Yes, Panama is always very iffy when it comes to stuff like this, because we all know that this country is a safe haven for criminals looking to evade financial authorities.

When it comes down to it, Panama will allow virtually anybody using a fake name, fake information, and fake credentials to register any kind of company without verification. The chances here are massive that the BTCBinary company is registered using totally fake information, if it is even registered at all.

BTCBinary Scam Alert

Moreover, in order to be legally allowed to perform investment activities for investors around the world, this company would also have to be registered with the FCA and other necessary financial oversight authorities. However, of course, neither the FCA nor any other such necessary authority has ever heard of BTCBinary LTD. Therefore, this is a totally fraudulent, illegal, and unlicensed investment company. It’s not actually allowed to perform any of the activities which it claims to perform for investors. Chances are nearly 100% that there is no Bitcoin mining going on here anyway. It’s just an empty shell, a big trick to steal money from people.

BTCBinary LTD – Company Leadership

Something else that stands out as being super suspicious about this BTCBinary LTD company is the fact that there is no visible leadership. This is what we call a totally faceless and anonymous investment program. Folks, you jus cannot ever trust this kind of thing with your money. Who knows who is in charge here and what their motives are.

However, what we do know is that the only reason for people like this to keep their identities hidden is because they are doing something illegal and shady. Think about it, if the BTCBinary Bitcoin mining app were the real deal, there would be no reason for the people in charge to remain anonymous.

 

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BTCBinary Mining System – Ridiculous Profits & No Evidence Of Mining

Something else which stands out about this BTCBinary LTD mining app is that there is no actual evidence that any Bitcoin mining occurs here. You see, Bitcoin mining requires huge data centers, also known as mining farms. These take up massive warehouses, they require a lot of electricity, and maintaining the equipment is no easy feat either. However, we are not provided with any information whatsoever in terms of where the Bitcoin mining takes place, the hash rate, the overhead cost, or anything else of the sort. For a Bitcoin mining operation that promises such massive returns, there sure is a lack of evidence of anything at all.

BTCBinary Scam Alert

 

And yes, this brings us to our next point, that the BTCBinary system promises investors returns of 20% per day, daily, for the rest of your life. Yeah, it’s a really grandiose claim without a shred of fact to back it up. Folks, even if this were a legit mining operation, it is totally impossible to generate returns of 20% daily for life. Heck, generating even a single percent point in ROI per week is super difficult to accomplish, let alone the level promised here. It doesn’t make sense, it’s not realistic, and when it comes down to it, it’s also totally impossible.

BTCBinary Scam Alert

BTCBinary Mining App – A Terrible Pyramid Scheme With No Results

The other thing that you need to know about the BTCBinary mining app is that it of course never provides profits at all, and even worse, it’s a terrible Ponzi and pyramid scheme that steals your money in more ways than one. Of course, we have gotten a ton of complaints from people who have been ripped off by this BTCBinary LTD scam.

Simply not a single person has been able to withdraw any sort of profits here, let alone break even. And yes, there is a BTCBinary affiliate program in place which promises to provide massive bonuses if you can get others to invest through you. Folks, the mining system here does not provide profits, and the affiliate program doesn’t either. It’s all just one huge lie meant to screw you out of as much cash as possible.

BTCBinary Scam Alert

BTCBinary Scam Review – Conclusion

At the end of the day, there is just no way you, we, or anybody could ever trust this BTCBinary Bitcoin mining operation, let alone actually invest money in it. The owners of this Bitcoin mining system are nowhere to be found, and the company itself is clearly fraudulent as well.

Moreover, there is simply no evidence that any Bitcoin mining goes on here, or any kind of revenue generating activity for that matter. To top it all off, the ridiculous returns promised to investors never materialize, and the cherry on top is the bogus affiliate program which is just another way to steal money from people. Folks, you need to stay away from this BTCBinary system at all costs.

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BTCBinary
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