Bet and Earn Review Update 2023: Another Ponzi Scheme that milked hundreds of investors before going dark.
PS: These are the best trading platforms to get today!
Want to ease trading and don't have the answers?
Here are the pros of using dependable and tested cryptocurrency trading robots. These robots offer much in terms of better positioning yourself.
With these robots, members should expect to get a high success rate than using manual traders or even crypto trading brokers.
Records indicate that the recommended cryptocurrency trading robots make over 85 percent in ROI.
And that means the robots will hit the set target with ease unlike humans who are prone to errors and performance issues.
You obviously want a platform that’s available to help you when needed. Most of our recommended cryptocurrency trading robots offer reliable 24/7 support.
Conventional crypto methods of trading such as brokers may not be there to help you with any issues faced.
Unlike humans who don’t always have the best accuracy, these robots try to furnish traders with the best accuracy.
High profit returns is what these robots are after and tests indicate most of these recommended forex robots hit over 80 percent successful ROI.
These recommended robots are best in class and offer investors the best way of investing in crypto and volatile markets.
The robots have been tested and proven to offer the best in terms of accuracy and overall efficiency in terms of crypto trading.
Betandearn.biz is a site that claims to operate in the market of betting exchanges. Bet and Earn is basically promising to bet on the behalf of the investor if they purchase one of their many investment plans. Bet and Earn is also registered as a company in the UK. However, it is not registered by the FCA. As always, if a website is offering a financial product or service, it has to be registered by the FCA in order to legally operate in the UK. So far, Bet and Earn is only operating like a start-up investment fund and not seeking licensing or the authorization of the FCA.
There are 3 investment plans in this website. These are categorized as Plan A, Plan B and Plan c. The first plan is offering 0.8% daily return, which is an equivalent of 24% monthly returns. The second plan offers 107% after a week, which is over 400% in a month. The third plan offers 3.5% for 35 days. This is still a ridiculous return and we are beginning to think that this is yet another high yield investment program and a scam.
Can you make 400% monthly returns? Can you make 0.8%-3.5% per day? All these figures are ridiculous. Before you deposit your money on this site, you need to think long and hard. If the anonymous owner of Bet and Earn truly had the capabilities of generating 400% per month out of betting, they would be keeping the secret to themselves rather than share the opportunity with everyone on the internet. Do you think this site is honest with the plans and average returns as claimed on the sales page? We don't think so.
Note: Beginners can start trading Cryptocurrencies with these robots.
We've take a look at the domain to see if it has any history or reputation dating back to a couple of years or months ago. We've found that the domain where Bet and Earn is hosted at is privately registered. So we cannot establish who owns this site. We can't even establish the date that the domain was registered. However, we are able to tell that this site is very new. It has not been online for so long.
According to the stats found on the sales page, Bet and Earn has over 1k users and appears to be conducting transactions after every few days. Since this is a high yield investment program, considering that their returns are unreasonable, we are not going to ignore the possibility of losing money in their hands because the figures they are promising are just too good to be true. They can't be achieved in a realistic economic situation, and that's the truth.
The site has also listed a couple of names which correspond to deposits and withdrawals.This is supposed to suggest that real people are depositing and cashing out every few hours. The problem with such a presentation is that it doesn't allow us to make judgement based on verified data. Instead, we have to rely on trust that the anonymous owner of Bet and Earn is not telling lies. This is obviously not encouraging at all given that they are100% anonymous and they are also not giving a chance to verify their alleged credibility.
Therefore, all statistics found on the Bet and Earn are not valid at all. We have to figure out how we can verify this data in the hands of a third party, and this is the impossible thing.
We are also reviewing the alleged testimonials from users of this site and thinking that those texts are written by the admin of the site as opposed to real users of the site. This is because what we are seeing on the site cannot be confirmed elsewhere. These reviews look fake from the word go. Also, there is not any feedback on the internet about Bet and Earn. Therefore, we just have to make a deliberate move and ignore these reviews or testimonials. They are not helpful. Until the anonymous owner confirms that they are real, we will maintain your stand that these testimonials are fake.
The truth that Bet and Earn does not want to tell you is that they are not participating in any betting business. That is why returns are so high and there is also no evidence that the site is paying. There is a 3 tier referral program which is supposed to reward commissions on a 1%, 1.25% and 1.50% basis. The integration of a referral program into the Bet and Earn ecosystem suggests that the site is encouraging more people to sign up.
It is one thing to say that this site is participating in betting business, but it's quite another to produce evidence of betting activities. So far, that evidence is not available. The site does not have past performance records to showcase how they their bets have performed in the last couple of weeks. We are not sure which bookies Bet and Earn is working with because these too have not been listed. So you can be pretty much sure that this site is ambiguous when it comes to proving their real business activity. That ambiguity is what confirms to us that this is a ponzi scheme.
And when Bet and Earn is a ponzi scheme, you know what's going to come next. If you deposit anywhere between $10 to $500, they are simply going to take it and do nothing else to return your money. The site is accepting crypto currencies because Crypto currencies don't give us any option of asking for refunds.That's why scammers love this currency.
What we have concluded at this time is that Bet and Earn is not participating in any betting activities. ROIs are paid by new deposits. When streams of new deposits stop to flow, the site will also stop issuing payouts. The question is when this will happen. Maybe it's already happening. We don't know. To stay safe, we urge you to invest in trading business instead.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments