Bitmarket Ltd. (bitmarket.ltd)
Online Investment Platform
Is Bitmarket Ltd Fake or Real?
Why is Bitmarket Ltd Fake?
Bitmarket Ltd (bitmarket.ltd) is a website that claims to generate profits for investors. The company supposedly invests in everything from crypto to forex to even crypto start-ups. The fact that Bitmarket Ltd promises returns as bizarrely high as 3,200% in 20 days makes it quite obvious that it is a fraudulent investment scheme. Such returns are simply not realistic or sustainable.
Bitmarket Ltd also has a 3% referral commission scheme which means that investors get additional returns if their referrals make deposits on the site. This hints that Bitmarket Ltd may be a pyramid scheme if not an outright scam.
A domain name lookup of the website shows that it was registered on 12th February 2022. The registrant’s details such as name, location and contact details have been hidden using a privacy guard. Therefore, it is a new website that is being operated anonymously.
Even though the domain registration data shows that it was registered in February 2022, the site itself only seems to be active since May 2022. A new and unknown website promising incredibly high returns is almost certain to be a scam.
Bitmarket Ltd tries to give the false impression that it is a legitimate company by claiming it is registered in the UK. No proof such as a company certificate has been provided to prove that this is true. In any case, a UK company registration means next to nothing as it is extremely easy to obtain from anywhere in the world. Genuine investment companies must be registered with a financial authority such as the FCA.
The About Us page of the website contains the following text:
The main objective of bitmarket.ltd team is to get the highest profits possible from trading on the foreign exchange (Forex), Cryptocurrency exchange markets and from ICO’s startups. If you are dreaming of earning on the powerful potential of Forex and Cryptocurrency trading, get on bitmarket.ltd – your investment opportunity which will carry you to more wealth and prosperity. Our team of highly professional experts works hard to ensure respectable income to each of our investors.
Our financial team also includes specialists who are experts in evaluating new private businesses called start-ups which have most chances to grow into large-scale and highly profitable enterprises. The idea is very simple: every business needs starting capital to go through bureaucratic formalities, rent premises, purchase equipment and other assets, hire employees and so on. As a rule, start-ups don’t have sufficient funds to afford everything they need for effective activity. Banks are quite prudent to “newbies”, so it is often very difficult to borrow as much as necessary from banks.
bitmarket.ltd investment platform intends to stay in business for a long time and do its best to ensure high revenue on investor’s deposits. The more money we collect, the higher the return. That’s why bitmarket.ltd investment platform had started attracting small investments starting from only $20. Our experts had examined and analyzed the relevant investment markets and developed a highly efficient trading strategy. Investors can choose from a variety of investment packages to invest their funds for different periods of time and receive the best revenue at low risks. Please find more information on investment terms in your personal account.
In addition to favorable investment proposal we also offer fair and transparent conditions of the affiliate program. You have the opportunity to start a business of your own and earn additional money by just sharing the word of our Company and demonstrating its potential to others. Our referral rewards program offers earning 3% from deposits made by your referrals.
bitmarket.ltd investment platform is a safe place to keep and increase your money.
Upon further research, I found that the entire website’s content has been copied. There are at least 190 other websites using the same text, all of which may be scams. The list of sites is given at the end of the article.
Bitmarket Ltd does not have a social media presence. Even though there are social media icons given on the website, they are fake as they lead nowhere. The only way to contact Bitmarket Ltd is via anonymous methods such as email and Telegram. There is a UK address provided on the website but it is fake as the same address can be found on several other websites.
I could only find one review of Bitmarket Ltd online on ScamAdviser. The review is negative and alleges that the platform is a scam, but no further information has been provided. If you want to share your review of this platform, you can do so in the comments below or on my social media pages.
It seems quite apparent that Bitmarket Ltd and the 190 similar websites are likely to be scams. There are a number of signs suggesting that Bitmarket Ltd is run by scammers and not genuine investment professionals.
The site itself is extremely new as it is only active since May 2022. There is very little information present and all of it is copied. The same content can be found on at least 190 other websites.
Bitmarket Ltd is promising unrealistically high profits such as 3,200% in 20 days. They also have a referral commission program which is a common feature of illegal investment schemes.
The company has no social media presence and only anonymous contact information is given on the website. There is false information such as the company being registered in the UK and even the company address. The only review available online states that Bitmarket Ltd is a scam.
It is advisable to avoid investing with Bitmarket Ltd or the 190 similar sites as there are no reasons to believe that they are genuine investment platforms. As a general rule, never send crypto to strangers as it cannot be recovered.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
List of websites using the same content as Bitmarket.ltd
Disclaimer: The views expressed in this article are presented as an opinion based on available information. This review is intended for information only and should not be relied on when making financial or business decisions. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.