What Is Trust Bit Deposit About? A HYIP Scam? Read Before You Invest

What is Trust Bit Deposit? Should you trust Trust Bit Deposit and invest your money in this investment program? Read this Trust Bit Deposit review and find out why you should avoid this investment scam.

What Is Trust Bit Deposit About A HYIP Scam Read Before You Invest.


Trust Bit Deposit Review

What is the Trust Bit Deposit?

Name: Trust Bit Deposit
Website address: trustbitdeposit.com
Price: $50 (minimum)
Referral commission: 3% to 10%
Status: Scam
Overall Rank0 out of 100

From the official site, it is mentioned that Trust Bit Deposit provides Bitcoin investment services from the United Kingdom providing online investment services to the members all around the world. This group has been in this business since 2013 offering investment opportunities to private individuals.

However, I have not seen this company before and the site was recently registered on 2016-05-18.

They have claimed also that Trust Bit Deposit successfully engaged in trading activities on many world exchanges, such as OKCoin, BTC-E and Bitstamp. As the main tool for trading, they use bitcoins, litecoins, dogecoin, dash and other cryptocurrencies. It enables fast and easy direct transactions and allows instant exchange in the most profitable way.

Given that Trust Bit Deposit is an Investment Service, it should be regulated by the Financial Conduct Authority (FCA). There is, however, no record of the company in the public register.

I have done some research and I would like to highlight a few more red flags about this so-called “investment” scheme in this post.

Read on to learn more about this Trust Bit Deposit scam.


Should You Trust Trust Bit Deposit?

You should not trust this investment company. 

The Trust Bit Deposit is a high-yield investment program (HYIP). If you have read the definition of HYIP on Wikipedia, It is s a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments (ROI) by paying previous investors with the money invested by new investors.

The Trust Bit Deposit is a fake investment company. From the official website, one can notice it is an HYIP investment scam that aims to steal your hard earned money. Why? There are a few red flags I managed to pick up.

#Red Flag 1 – New Site and Unknown Identity

Trust Bit Deposit is very new and looking at the date of registry, the website was registered recently this year in 2016. However, Trust Bit Deposit claims that they have been active in the market since 2013.

The registrant’s name doesn’t show up on WHOIS database. I have tried to search for the owner on the internet and nothing shows up. This is a clear warning that the scammer does not want to reveal his or her real identity to avoid detection.

#Red Flag 2 – Ponzi Scheme

Trust Bit Deposit offers offer referral commission program. It is a good way to make extra money. By inviting more people to their investment programs, you will instantly receive 3% – 10% ref commission from every deposit your referrals made.

For a real investment company, this would equal giving away the entire (if not more) profit margin. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.

That’s how a Ponzi scheme is operated. They recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.

It is a fraudulent investment scheme where they pay returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

What Is Trust Bit Deposit About? A HYIP Scam? Read Before You Invest

It is a pyramid scheme that typically collapses in the end because it requires exponential increases in participants to sustain the business model. That simply means the scheme cannot go on forever.

The Trust Bit Deposit probably still pays their investors for now as the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.

#Red Flag 3 – Vague Investment Information

Obviously, there is a lack of details on how Trust Bit Deposit manage the money from the investors. Trust Bit Deposit tends to be vague about the strategies used in their program.

I tried to look for more information “About” Trust Bit Deposit, all I got is just a vague information. Furthermore, they are not backed by a real and verified trader. There is no proof and information at all on who are running behind the scene.

What Is Trust Bit Deposit About A HYIP Scam Read Before You Invest.

As I mentioned above, given that Trust Bit Deposit is an Investment Service, it should be regulated by the Financial Conduct Authority (FCA). There is, however, no record of the company in the public register.

This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, Trust Bit Deposit fails to do so.

In an attempt to come up with a legitimate explanation of where Trust Bit Deposit’s high ROIs come from, the owner(s) are feeding affiliates all sorts of nonsense.

#Red Flag 4 – High, Unsustainable Yields

I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members.

The Trust Bit Deposit discloses their investment plans with no aim to hide its absurd and unsustainable returns. The provided calculator shows how it earns you a unrealistic % ROI under their investment plan. To me, it is a total nonsense.

The funny thing is the investment plan returns a perfectly steady positive income percentage regardless of any external variable such as price volatility. Don’t you think this sounds a little fishy?

The ROIs that they claim on the official page clearly indicate that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.


Conclusion

I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.

Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.

Fraudsters like Trust Bit Deposit spends a lot of time trying to convince people that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich.

Don’t ever believe it.

Based on my observation, it is very clear that Trust Bit Deposit is just another investment scam.

I reviewed some other similar HYIP in my blog too like Amazing 5 and Capital7. They both work the same way as Trust Bit Deposit.

By the way, Amazing 5 started 6 months ago and now it is official shut down. It is now gone with a lot of money from many victims. This is a prime example of how these HYIPs scam your money.


Why do people keep joining HYIPs knowing that they are Ponzi schemes?

GREED!

All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.

Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.

However, most of the people end up losing their savings and hard-earned money.

I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.


Final Word

I don’t like the reliance on Ponzi scheme in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.

One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.

If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.

When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.

Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.

What Is Trust Bit Deposit About? A HYIP Scam? Read Before You Invest

What Is Trust Bit Deposit About? A HYIP Scam? Read Before You Invest

If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.

Regards,

Alex


Interested to build an online business like me?

Where Should I Send You The Course?

Summary
product image
Author Rating
1stargraygraygraygray
Aggregate Rating
2 based on 5 votes
Brand Name
Trust Bit Deposit
Product Name
Trust Bit Deposit
Price
USD 50
Product Availability
Available in Stock

Alex Y

Alex is the owner of Managing Your Finance. He helps newbies start their own online businesses. Sign up for his 7-Day Free training course and learn how to start making a sustainable income online and quit your 9-to-5 job.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

3 Shares
Share2
Tweet
+1
Pin1
Share
Stumble