BitChoko (aka BitChoko.Biz) is a relatively new brand. Just over 30 days in operation as of posting this review. And during this small length of time, these scammers been marked on our radar, losing people’s investments with their schemes. The following review serves as as critical warning for all day-traders. BitChoko is a harmful Scam you don’t want to mess with.
ICOs & investment firms like BitChoko.Biz are appearing all over the internet. Many of which are fraudulent programs promising traders larger returns, yet never pay. While investigating their suspicious website, we found several scamming factors indicating unsafe practices throughout this system.
In addition to the typical promises of large profit gains, its come to our attention BitChoko also has features of a Ponzi scheme. In other words, they offer affiliated programs to gather as many victims before shutting down.
That’s why we’re here. To warn day-traders about its hidden dangers. Before joining, please read our review first. Learn the truth these scammers don’t want you knowing about their BitChoko Scam. New evidence confirms a money-losing fraud.
BitChoko Review – Scam Details Explained
Lets elaborate exactly what we’re dealing with. BitChoko pretends to be an ICO, meaning Initial Coin Offering. Basically what this means is you invest a certain amount of money with their program. In return, they ‘mine’ cryptocurrencies like Bitcoin, Ethereum, and various others for you….or so they say.
Sounds very simple and straightforward, right? Unfortunately BitChoko isn’t that easy….nor are they honest.
The advertised results exploited by BitChoko are RIDICULOUS. Offering 10%-15% daily, “Forever”. However this is far beyond what most legitimate sites could ever offer. Not to mention these claims of consistent daily/hourly profits are highly unrealistic due to constant market changes.
Allow me to clarify such ‘guaranteed’ returns presented by BitChoko (and many frauds like it) are known as ‘door busters’, used to catch your attention and fool you into believing you can earn a sizable income so easily.
But what concerns us the most are the troubling feedback we’ve already received from people stating how BitChoko is losing their money, fails to deliver these crazy profits, or refusing to pay owed payments altogether. Either scenario is highly unethical, and clearly of fraud nature.
Speculations are one thing, but its vital we dig deeper into this BitChoko Scam. Let’s review the specifics of their illegitimate methods for manipulating beginners.
Has BitChoko Scammed you?
As I just stated, there have been a growing number of complaints filed against BitChoko. For a crypto-based company who just launched their own services just recently, this doesn’t look good in the eyes of any future investors.
Many angry traders have reported various complaints, ranging between complete loss of funds, failure to deliver advertised results, and even denial of payments owed to their clients. While we understand there are those who’ve successfully withdrawn funds from their accounts, there are many others filing disputes due to BitChoko NOT paying money owed.
Therefore we invite you to share with us your own personal experiences by commenting below. As far as we can see, future investors should think twice about joining. But lets review further evidence.
BitChoko Fraud (Illegal Company)
Because they represent some type of investment firm, requiring members to invest “x” amounts of money for promised “y” returns. By law they must operate under these conditions of proper Licenses and Regulations.
These regulations are imperative, some mandated to comply with policies such as Know Your Customer (KYC) and Anti Money Laundering (AML). Of course any Scam naturally refuses to abide these guidelines
While trying to validate their operations, our team simply couldn’t verify any certificates confirming licenses in which they must lawfully hold.
I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this BitChoko ‘company’. They’re promising traders easy-profit solutions, but who are they?
If you step back for a moment, you’ll realize the entirety of this program contains no useful information. No Direct contact except email. Nothing of which discloses any developers, founders or CEOs. Only statements about BitChoko being dedicated towards achieving success for its customers. But that’s a vague statement.
Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to remain anonymous as these criminals profit from your losses. Not once throughout are visitors provided any valid information. Don’t you consider that strange??
Remember transparency is important when you’re about to “invest” your money. You should fee comfortable & safe in their decisions. Yet the level of mysteriousness surrounding BitChoko simply beckons more suspicions rather than approval.
Fake BitChoko Results
As we briefly mentioned before, BitChoko makes some bold statements in regards to astronomical profits & projected returns. Just imagine yourself earning 15% on your initial investment?
Think about this for a moment. 15% of $1000 investment is $150. Now calculate $150 everyday. Thats a lot! But BitChoko guarantees this every time! 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.
To this day we’re trying to find any happy members pleased with their services. So far the number of people who joined BitChoko are NOT satisfied.
BitChoko Ponzi Scheme
There’s far more beyond phony claims and unlawful companies happening throughout the BitChoko Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then they get shut down, but run away with your funds.
BitChoko also contains an affiliated program where traders can refer other people to join. In return, you will receive a percentage from other people’s deposits. Their system is set up with different entry levels and downlines, which basically shares similar characteristics of the hated Pyramid / Ponzi Scheme.
Ultimately, BitChoko does NOT mine any bitcoins or other cryptocurrencies. No proof of mining capabilities are disclosed. Instead these scam-artists make money & profit from your deposits & promoted services in the form of affiliations to gather more victims.
Still Trust BitChoko?
The main reason we’re debunking this rotten ICO scam is because of trader feedback. Because it isn’t regulated, they’re getting away with shady practices, including NOT paying some members.
Regardless of the fact this ‘Crypto’ related ICO is relatively new, this unlicensed hoax 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.
Within a short period of time, many traders have been victimized, informing us how this program doesn’t not provide quality services. The crooks behind BitChoko Scam are literally stealing your money and filling their own pockets.
This reason alone is more than enough cause which motivated us to warn others about this damaging crypto investment. Hopefully today’s BitChoko Review will help prevent further losses from innocent investors.
BitChoko Review – Summary & Helpful Tips
Finalized Review Verdict: Theres no questions at this point in time, BitChoko is a Scam we don’t trust. Use caution and dont give these scammers a chance to run with your money.
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We thank our readers for taking time in reading our indisputable & honest BitChoko 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 App.
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