Bitonite Review: A Crypto MLM Ponzi Scheme Update by Denis Muric

Bitonite is a crypto copy trading ruse created by Denis Muric, a German national with several other such projects under him. Here’s our candid Bitonite.com review.

For those new to crypto trading and investing, the platform might seem to be the best deal out there. All you’ve got to do is sign up, deposit funds in form of crypto, and copy trades from successful traders.

That’s what Denis attempts to sell to the public, a crypto project that makes it seem easy to earn profit. Furthermore, he states the affiliate program will help users earn more in terms of bonuses and commissions.

And as such, Bitonite changes from a crypto copy trading platform to an MLM project. Denis is emphasizing more on recruitment than the performance of trades. However, we also found that the copied trades are months apart.

Investors who rely on these copy trades are often making a mess out of trading. Bitonite is actually a dummy copy trading platform that deceives investors into thinking it’s a genuine copy trader.

Denis Muric has been in the crypto industry for a few years and has operated a few scams in the past. Our investigation into the crew behind Bitonite revealed a gang of Turkish immigrants and German nationals working to defraud the finance community.

Bitonite is a prime example of why you need to do due diligence before embarking on any investment. On face value, the platform appears legit and highly impressive to clients. But in real sense, we’ve got a dummy project failing to offer much in terms of authenticity.

Here’s our full BITONITE REVIEW.

A Dossier of Bitonite

Denis Muric is the architect behind this copy trading ruse with Tanyel and Mertkan partners. The partners hail from Turkey and Austria respectively where they managed to hit the ground running with these projects.

The Power of Network Marketing is the call of action by Muric and his team from his first Ponzi scheme. Our investigation revealed Denis started Ponzi schemes with a project named MarketPeak which defrauded dozens of Austrians.

When this scheme was defrauding investors, the three partners were living in the MLM capital of the world, Dubai. And this suggests the current Bitonite version of the Ponzi scheme is run in Dubai as calls also confirm it.

Bitonite is enticing investors by claiming to offer a guaranteed profit margin in a consistent manner. Investors get drawn to such easily and fall for the antics which claims the platform’s copy trading tool is the best.

In terms of percentages, Denis promises investors a whopping 3% to 10% daily guaranteed profit margin. Yes, you can make such profit margins target but, not in a consistent manner as market dynamics don’t back this up.

All crypto and forex markets are volatile, including the real estate market. And as such, making such bold claims is one of the biggest red flags. Once you notice a platform guaranteeing profit margins on a consistent base, ran away.

Those behind this platform have had it rough as the platform is rarely allowing withdrawals. To try and entice investors to sign up, the platform does allow partial withdrawals. And this is why we’ve got to expose the experience faced by members.

Denis is only allowing partial withdrawals from members to entice new deposits in the future. We’ve seen such antics before and such projects wind up without notice.

Are funds safe with Bitonite?

Bitonite is not a legit platform and the risks that come with investing with such platforms is immense. Chances are, Denis and his team will pull the plug once they hit a certain number of sign ups and deposits.

In such projects, the platform only runs thanks to deposits made by new investors. Denis and his team move funds from one member’s account to another to prove the project is ideal. Note that members don’t actually do the copy trading themselves.

The platform claims to use the copy trading tool behind closed doors for investors to earn funds. And this has led to several investors blindly signing up without asking any questions to the team behind it.

As an investor, you reserve the right to know how your funds are used in any investment. Even lending institutions give investors a clear guideline on how their money is working. Bitonite lacks transparency from the word go.

Countries targeted by bitonite.com

To get as many users to sign up, Denis and his team have a plan to target most of the high GDP countries in Europe. These include Finland, France, Netherlands, and Spain. Africa’s targets include Algeria, Egypt, and Morocco.

The United States is a major target as well with the CFTC already investigating the platform. A warning will soon come out with an alert blocking any such projects in the country. Please be wary of such projects.

Cons of Bitonite

Before investing in any platform, you need to do your homework by first weighing the pros and cons. Just as you do when buying products, an investment platform’s features will give you an idea of what to expect.

Our investigation into bitonite.com reveals a shocking reality for investors who sadly deposit funds with the platform. Here’s what we found out as some of the red flags with this copy trading ruse.

An assurance of making consistent profit margins in a short time

One of the red flags with Bitonite is the promise of making consistent monthly profits for the entire duration. As explained above, there’s no way of making such bold statements seeing how volatile the markets are.

And in this case, the platform claims to offer copy trading services from one of the most volatile markets. There’s on expert trader or any AI-generated bot that can achieve consistent monthly profits.

All what a good bot does is make profits which vary depending on market behavior.

Growing pressure to recruit more members by Bitonite

Bitonite pushes investors more on the side of recruiting others to generate or withdraw funds. The platform states that you must bring in three members to make the first partial withdrawal. And that in our opinion is blackmail.

Even if you bring in the listed number, you don’t get to withdraw the entire sum. Denis ensures you only withdraw part of your initial deposit. This entices members to believe the platform is actually meeting the set profit target.

How the complex commission structure entices members

Denis and his team knows that promising copy trades alone won’t do the trick. And as such, come up with a complex commission based structure to entice investors to join the project. There’s a catch though with such projects.

You’ve got to bring in a certain number of investors before signing up with this platform. And this is why we’ve got to expose the rot that comes with this project. All we’ve got is a sinister project where members do all the heavy lifting.

What does the crypto trading community think of bitonite.com?

The crypto community is adamant Bitonite is a high-risk no-reward platform. Those who deposit funds will lose a large chunk of their investment. Please be reading reviews of any project before lining the pockets of scammers like Denis.

Conclusion Bitonite

After reviewing bitonite.com, the fact of the matter is everyone loses expect the founders. Please stay away.

For those looking for reliable copy trading tools, go for verified bots with proven performance.

Do leave a comment or email us with any queries.