Bitdax Global 2023 Review Update: Here's another Ponzi scheme with an inactive website after investors lost all funds.
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It might seem plausible given that their presentation and marketing materials are sort of reasonable. But the truth is that it isn't. This site, bitdaxglobal.com, is run like any other pyramid or mlm scheme on the web. Bitdax Global is actually a fully blown ponzi operation that leverages on claims of participation in the Forex, Stocks and Cryptocurrency markets to yield the alleged profits. They also claim that they are participating in ICOs in boost profits of their investors significantly. The question is, why are they helping you to make money? It sounds weird and definitely nonsensical. Millionaires and Billionaires out there do make money for themselves and not for the public.
Bitdax Global is also owned by an anonymous admin whose product or service offering isn't clear. The reason as to why they are anonymous is also not clear. However, one thing is quite clear. That once this admin makes enough for his stomach, he will most likely run away with your money since the ponzi scam is designed in such a way that all funds will always flow into their pockets.
The products or services which Bitdax Global claims to offer are AI trading, ICO investing and trading of Cryptocurrencies at major exchanges. The site does not disclose which exchanges it allegedly trades at.
Investors are supposed to trust them when they say they have developed their trading algorithm for half a decade. The site is not even a year old. They were nowhere to be found half a decade ago.
Their way of describing how they invest in ICOs is also ambiguous since nothing is clear about their investment exploits. Even the people they claim to invest for (institutional investors) have not been disclosed either. It is just too difficult to believe that this site is doing anything useful.
If you are having so many question marks about this site, it is because you have probably encountered a lot of red flags on Bitdax Global, and your conscience is telling you that things are not right. That will not happen when we point you towards legitimate Cryptocurrency investment platforms.
The first problem is that Bitdax Global is not transparent about its owner and its supposed team of experts. We are not about to gamble our funds with the platform if these things haven't been disclosed. This is not the time to use blind faith as the site owner wants you to.
We believe that a team who have been assembling trading robots for a ”half a decade” are people who have nothing to hide.
They can show their work to the world because their work is well documented and they also have a track record for those who might doubt.
But with Bitdax Global, this team is completely anonymous. Their AI robot can't be verified to be in existence. The group itself cannot be proved to be in existence either. That is a red flag to consider.
Also, the fact that the owner of this site is anonymous should bother you and make you ask a lot of questions. There is no reason as to why the owner of a ”respectable investment portal” should maintain an anonymous profile unless they are having a secret agenda.
The site is forcing its subscribers to buy tokens. The tokens in question have not been disclosed either. You cannot know what you are buying before hand unless they tell you in advance. But since this website lacks transparency, you don't expect them to be upfront about anything, and that's a huge red flag.
The supposed average profit for the day is 1%. This would be 30% per month, which is an impossible to attain ROI. If they have not disclosed the tokens which you will be ”investing” in, do you think they will be able to return 30% at the end of the month? How exactly?
Furthermore, those returns are too good to be true and even unsustainable. You can bet that this site will disappear with investor funds as soon as 6 months have elapsed. Those investors will have purchased fake tokens with real money. Those tokens won't earn them any return because the value of those tokens are set by the Bitdax Global website itself. These are fake values that don't depend on supply and demand. So when you buy the tokens and the site disappears, you won't be able to sell them to get back you money. That's how a fake ICO is supposed to work. Bitdax Global has hinted that it is one of them.
Members are also supposed to get 50% of the value of tokens purchased by referrals. This means that Bitdax Global is actually an mlm as opposed to a genuine investment platform. The problem with MLMs is that they always end in the same way. Look at Bitconnect for example. It ended like any other MLM would end.
If they are talking of 50% of token value going to the affiliate that has registered members under him, then it only means that this is a pyramid scheme where people are rewarded with tokens that cannot be disclosed upfront. As we have said, what you will be rewarded with won't help you since you won't be able to sell them.
VIP members are supposed to enjoy 5% global pool share. That is to prove that Bitdax Global is a scam pyramid scheme whose mission is to create a binary compensation structure for its members where all funds ultimately end up in the pocket of the owner. When all hell break lose or after they have collected enough, they can close down.
First of all, this kind of thing is illegal in every country. A pyramid scheme is simply a scam, and it is the reason why regulators can never issue any license. If you want to invest online, avoid pyramid schemes. Start trading with these bots instead. You will be very far by the time this scam closes shop.
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Bitdax is not paying 30% as u claim. Is rather paying 20% a month on investment. That excludes week ends
Bitdaxglobal is a big scam they have made away with my our monies we invested.its a big scam and I advise no one to invest with them. my friends and I are planning to take leagal action against their representatives in Ghana.
BitdaxglobaL i invested 2300 Dollars in July 2018 I received only one payment on august 2018 till date i no here from thame again as at now thank you.