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You're Reading:Is BitAtm an Investing ATM to Generate Money Out of Bitcoin Mining or a HYIP to Avoid?

Is BitAtm an Investing ATM to Generate Money Out of Bitcoin Mining or a HYIP to Avoid?

by Tasos

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Feb 14, 2017


bitatm-cc

 

 

 

Another investing program was launched recently to attract potential opportunity seekers that are looking for ways to make money without having to work at all. The formula in most cases is very simple. Register, invest and let a team of experienced/experts get their hands dirty for you. Then reap the rewards and enjoy life like never before.

I wonder if that program has anything new to offer…

 

 

Inside BitATM

 

 

 

When you arrive on the homepage you are welcomed by 3 plans and a beautiful digital map of Earth…

  • BitATM Limited is a cryptocurrency cloud mining company and offers leading edge movement of profit – collaborative participation in a numerous million-dollar business.
  • We provides supreme conditions in the international market of investment and faith management.
  • We use only advanced machinery and advanced innovations for both Bitcoin mining and marketing promotion of the firm.
  • The specialist group and the team of monetary experts are making every possible effort to ensure safety of your assets and high-speed multiplication of your capital.

Let them continue…

The BitATM Group has offices in San Fransisco and London. The data center operates in Iceland, Washington DC, Hong Kong, and the Republic of Georgia….

really, in Iceland?

 

Certificate – Legal documents

There is an image showing the companies house number, 10231881, 14 June 2016.

Indeed, inside the companies house the company BitATM LTD is listed under the same number, with registered office address 154 Lady Margaret Road, Southall, Middlesex, England, UB1 2RW. The name Aidan Lambert as an officer appears.

There are many companies found on that same address, perhaps it is a virtual one.

 

Owners – Domain

The whois search shows the registration date for the domain bitatm.cc, 11 January 2017, the owners are hiding as usually using privacy protection.

 

Statistics shown

  • Days online 26
  • Total deposits BTC 1252.57436479
  • Total accounts 3537
  • Total withdrawn BTC 983.49676164

 

 

Investment Plans – The Opportunity

 

 

 

There are 3 options

  • Plan #1 – 5% daily, hourly profit 0.21%, intitial deposit back anytime, minimum deposit 0.01 BTC, maximum 3.00 BTC
  • Plan #2 – 6% daily, hourly profit 0.25%, initial deposit back anytime, min 3.001 BTC, max 10.00 BTC
  • Plan #3 – 7% daily, hourly profit 0.30%, initial deposit back anytime, min 10.001 BTC, max unlimited

 

Linked Mining Pool – BitFury

One of the largest producers of Bitcoin mining hardware and chips. A private mining pool that can’t be joined by hobby miners.

 

Features

  • DDoS protection
  • SSL encryption
  • Instant withdrawals
  • Connected Pool: BitFury
  • Has Power: 14.0 TH/S
  • Miner Series: AntMiner S9

MLM Affiliate Program

  • Affiliate commissions: 1st level 5%, 2nd level 3%, 3rd level 1%
  • Representatives commissions: 1st level 8%, 2nd level 4%, 3rd level 2%

 

How it Works – A simple process

  1. Get a personal Bitcoin address
  2. Register
  3. Make a deposit
  4. Wait for your deposit to get added
  5. Get your interest every hour
  6. Withdraw your profits
  7. Get your initial deposit back

 

 

FAQ – Important

Bitatm Ltd is professionally involved in the process of cryptocurrency mining and forming its own network of equipment for cloud mining

Is BitATM legal?…Bitatm Ltd has passed incorporation procedure in June 2016 in London and operates within the law.

Who controls the investment portfolio?…”Our team of professionals, who have been working in the market of currency exchange for about 10 years and above, controls the investment portfolio. Our experience and connections enable us to right to use a huge variety of local and worldwide assets and offer gains from the most ideal equipment in the globe, these are well-organized for trading on the market for Crypto-Currency and mining cryptocoins.”

You can register multiple accounts if you want

Bitcoins is the only currency acceptable

 

 

and this is where the official BitATM website has nothing more to display…We are left in the dark and we have to choose to invest or not….What would you do?…Are you convinced that we deal with a team of cryptocurrency trading and mining experts?…Is there anything missing?

 

 

bitatm-cc

 

 

 

Conclusion

 

 

 

I don’t know about you but I am not convinced yet. I invest only in fully transparent comapnies that earn my respect. This can be done by proving their expertise with plenty of free information on their websites. The team of BitATM is supposedly experts with over 10 years of experience and no one ever published an article about bitcoins and mining. Real and legitimate companies talk about their work, they are not afraid to interact with their visitors.

Beyond that I need the real images of the owners / expert team. I want to see the facilities and offices images, the bitcoin mining equipment.

Where is BitATM contribution to the crypto trading/investing world?…Just becasue they created a beautiful website that does not mean they are experts.

 

In any case I am not in a hurry, if BitATM came to stay I can invest my bitcoins in a year from now, when I can gather results from other people, partners, affiliates.

 

In my eyes it is another Ponzi HYIP that is solely dependent on affiliates and their investments. I believe that all money coming in the company is funds from newly recruited members to compensate earlier investors and to deliver the high promising ROIs. When recruitment slows down it is when the final countdown will begin leaving all late participants with loss, who by the way is the vast majority.

That programs are deisgned for the “Anonymous” owners who get the most of funds and can do what ever they want. You have to wait…

 

Now let’s talk about the fictitious ROIs, do you really believe that someone created a company to deliver to random people online 7% daily interest?..Why to do that?…Why this team of mining experts is seeking for public investments?…and no company in the world can guarantee any ROIs. The market flactuates numerous times in a day, no one knows what will happen tomorrow. It is a dangerous business model and you proceed at your own risk.

 

Moreover the fact that BitATM has a registration number in place does not prove the legitimacy of the company. The key thing is not to use only affiliates funds for the revenue sharing pools.

 

Additionally I don’t like the idea that someone can open multiple accounts. If this shows the real intentions of the owners to collect as much cash as they can in the shortest period of time then I would stay away.

 

Have in mind that the use of bitcoins as the only medium is not by accident. Any funds recovery would be impossible to take place.

 

 

Proceed with extreme caution and do not invest more than you can easily afford to lose.

 

 

How to Make Money Online the Proper Way

 

 

 

Investing in such programs is very risky and therefore I never recommend that kind of businesses. I am fan of the traditional way that requires from people to work and reap the rewards of their “sweat”.

If you are willing to work hard then the most newbie friendly business model by far is affiliates websites. This is how I started 2 years ago and I definitely love it. Long term potential, no risks, minimum startup costs, endless opportunities.

 

Top Places to Get Affiliate Marketing Help

 

Related

 

 

That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time, your online partner.

 

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