Online Investment Platform
Is Bitmaza Fake or Real?
Why is Bitmaza Fake?
Bitmaza is a website that claims to generate profits for investors. The company supposedly invests in everything from forex, crypto and real estate. Each of these is a different trade and an unknown company claiming to have expertise in all of them is hard to believe. Further, Bitmaza is promising returns as bizarrely high as 700% in 4 months which is not realistic or sustainable. ‘Too good to be true’ returns on investments are often the most obvious indication of a scam.
On top of the 700% returns, investors can earn an additional 10% per day through referral commissions. This suggests that Bitmaza may be a pyramid scheme if not an outright scam.
All the amounts on the website are in Pakistani Rupees (PKR) and there is Urdu text on the dashboard, implying that Bitmaza may be operating out of Pakistan and targeting Pakistanis.
A domain name lookup of the website shows that it was registered on 2nd March 2021. The registrant’s details such as name, location and contact details have been hidden using a privacy guard. Therefore, Bitmaza is a relatively new website that is being operated anonymously likely out of Pakistan, which is a high-risk country.
I found that the text has been copied and is being used on at least 2 other websites. These sites – futureprime1.com and reliablepey.com are copies of Bitmaza and are likely to be operated by the same scammers.
Bitmaza’s terms are complete nonsense. For example, they threaten to take legal action against anyone who spreads ‘unwarranted rumors or false information about the Company.’ This seems like a way to scare victims against warning others that Bitmaza is a scam.
Secondly, the terms also state that the company invests in real estate, which is not mentioned anywhere else on the website. It is also stated that accounts can be terminated for ‘misconduct with company staff’ and that Bitmaza ‘reserves the right to change the duration and earnings of the package.’ None of this is legal or true.
Bitmaza does not have a social media presence. There are no social media links given on the website and I couldn’t find any social media pages independently either.
The Contact Us section of the website contains a contact form along with the email ID ‘firstname.lastname@example.org‘. A Pakistani phone number has also been provided for WhatsApp support. Therefore, Bitmaza can only be contacted by anonymous methods. No information about the company or the management team is given anywhere on the website.
There are a few testimonials given on Bitmaza’s website but they are obviously fake as the people don’t exist. The images are stock photos and the reviews are likely to be written by the scammers themselves.
I found two reviews for Bitmaza on ScamAdviser and Trustpilot. Both reviewers have alleged that Bitmaza is a scam. 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 pretty obvious that Bitmaza, Reliablepey and Futureprime1 are incredibly likely to be scams operating from Pakistan. The website has been created anonymously in 2021 and is promising ridiculous returns of 700% in 4 months, plus commissions for referrals. Reliablepey and Futureprime1 are exact copies of Bitmaza, most probably operated by the same scammers.
The company has no social media presence and can only be contacted by email. No company information is given on the website and clients have stated that Bitmaza is a fake investment platform.
It is advisable to avoid investing with Bitmaza, Reliablepey and Futureprime1 as there are no reasons to believe that they are genuine crypto investment firms. 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.
Disclaimer: This review is intended for information only and should not be relied on when making financial or business decisions. 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.