BitAeon (aka BitAeon.io) presents itself as an “automated miner” entity, specializing in mining cryptocurrencies. Investors are offered consistent daily returns of 3% increments, which is far beyond unrealistic. The following review is an important discussion about BitAeon Limited. But most importantly explain it for being a Scam, and why we don’t trust it.
ICOs like BitAeon are appearing all over the internet. Many of which are fraudulent programs promising traders larger returns, yet never pay. While investigating BitAeon.io, we found several scamming factors indicating unsafe practices.
In addition to the typical promises of large profit gains, its come to our attention BitAeon is also a Ponzi scheme. In other words, they offer affiliated programs to gather as many victims before shutting down.
So before you waste your money in another fraudulent cryptocurrency gimmick, read our review. Learn about some alarming details we uncovered these scammers don’t want anyone to know. BitAeon is not what it seems.
BitAeon Review – An Attractive SCAM
Lets elaborate exactly what we’re dealing with. BitAeon is an ICO, meaning Initial Coin Offering. Basically what this means is you invest a certain amount of money with them. And in return, the ‘mine’ cryptocurrencies like Bitcoin and other altcoins for you.
Sounds very simple and straightforward, however BitAeon isn’t that simple….nor are they honest.
Their advertised returns are substantially questionable, ranging between 3% on weekdays & 1.5% on weekends. However its highly impossible and unethical to promise investors a fixed rate of profits. This is far beyond what any legitimate company offers. And impossible to deliver on a consistent basis as they ‘promise’.
In addition, it seems this program also provides Forex trading investments along with cryptocurrencies too. A slight different from other ICO scams we’ve blacklisted. But nothing of worth.
Allow me to clarify such “easy” wealth claims presented by BitAeon (and many frauds like it) are known as ‘door busters’, used to catch your attention and fool you into believing you can become rich very quickly without any effort.
In these situations, I’d like you to ask yourself this simple questions: “if an ICO such as BitAeon can really generate ‘guaranteed’ & consistent 3% payouts so easily absent risk as they claim, you honesty believe such programs would be spreading throughout the internet?”. Absolutely not!
Speculations are one thing, but its vital we dig deeper into this corrupt BitAeon scam. Lets review the specifics of their illegitimate methods for manipulating beginners.
BitAeon Limited Illegal? (Unlicensed)
Because BitAeon Limited represents itself as an ICO investment firm, requiring members to invest “x” amounts of money for promised “y” returns. By law they must operate under the conditions of proper License and Regulation.
While trying to validate their operations, our team simply could not verify any certificates confirming any licenses in which BitAeon should be mandated to hold.
On their platform, there’s a section stating their ‘legally registered’ in the United Kingdom. Unfortunately the link they’ve provided does NOT redirect to any LEGAL validations.
Who’s behind BitAeon?
I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this Mining Server app. They state people are access “the next generation platform utilizing the powers of blockchain and crowdfunding”. But that doesnt say much about WHO they are.
If you step back for a moment, you’ll realize the entirety of this BitAeon.io program contains no useful directories. No Direct contact information. Nothing of which discloses any developers, founders or CEOs. They say Mining Server consists of teams of experts and entrepreneurs with years of cryptomining experience. But that’s all!
Why don’t they disclose their identity so investors can feel comfortable knowing whom they’re dealing with?
Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to maintain anonymous as these criminals profit from your losses. BitAeon is just another vague scam raining hidden in the shadow to portent their own criminal activities. Zero Names given.
Remember transparency is important when you’re about to “invest” your money. Traders should fee comfortable & safe in their decisions. Yet the level of mysteriousness surrounding BitAeon simply beckons more suspicions rather than approval.
Fake BitAeon Review & Results
As we briefly mentioned before, BitAeon makes some of the worst bold statements in regards to astronomical profits & returns. Imagine BitAeon delivering 1.5%-3% everyday on your initial investment? That’s a lot of money! Its impressive, but highly unlikely.
Don’t forget the value of bitcoin, ethereum & other Altcoins are constantly moving up and down due to constant market movements. These scammers ‘guarantee’ consistent returns of high amounts. However these promises are unrealistic because of never-ending market fluctuations.
The value of Cryptos can rise one day, drop dramatically the next. Just this past month alone, Bitcoin has lost and regained much of its value instantly, and is now back on a bull rise. Therefore the promises of steady daily/weekly returns from BitAeon are highly unlikely.
To this day we’re trying to find any happy members pleased with BitAeon.io services. So far the number of people who joined BitAeon are NOT satisfied.
Because well probably never find any positive review from actual members, and these scammers know this, they’ve diced to exploit fake reviews from people who dont exist. Using Stock Photos pretending to be actual members. So Sad!
BitAeon Ponzi Scheme
There’s more than beyond phony claims and unregistered companies happening throughout the BitAeon Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then run away with at your expense.
BitAeon also contains an affiliated program where traders can refer other people to join. In return, you will receive a percentage from their deposits. Their system is set up with different entry levels and downlines, which basically shares similar characteristics of the Pyramid/Ponzi Scheme.
In other words, these crooks do NOT mine any bitcoins or other crypto currencies. Instead these scam-artists profit from your deposits, & promote their services in the form of affiliations to gather more victims. Allowing them to profit from your losses.
Still want to join BitAeon?
The main reason why we’re debunking this rotten ICO scam is because of trader feedback. As we’ve already covered earlier, their claims unreachable. But worse, traders are NOT begin paid their dues.
That’s right folks, this unlicensed fraud known as the BitAeon Scam has reportedly been refusing to pay various members their obliged withdrawals. Many cases of these withdrawal payments being denied, pending statuses or ignoring requests entirely are becoming known more & more. While there are many traders who are being paid, there are many others reporting refusals to honor their due payments.
Sadly, these traders have been victimized by this bogus Crypto Mining / Forex system, informing us how they’re not providing quality services. They are literally stealing member’s money and filling their own pockets.
This reason alone is more than enough cause which motivated us to warn others about this damaging software. Hopefully today’s BitAeon Review will help prevent further losses from innocent investors.
BitAeon Review – Conclusion & Helpful Tips
Finalized Review Point: Due to growing complaints, and the fact BitAeon carries the qualities of most common ICO scam, its best to avoid this and not take the risk. Protect your Money!
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Finding a safe trading app can be exhausting for rookie. investors, especially if you don’t know where to look. At Prestige Binary Options, we have you covered! Stay informed with our daily updated scam list. And don’t forget about our section of best trading apps containing various choices of autotraders & educational resources.
We thank our readers for taking time in reading our indisputable & honest BitAeon Review. Hope it helps others from falling for this shady scam. Please comment below by sharing any feedback, input and dealings you might have with this faulty ICO App.
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