Welcome to my review of Bitpetite.
Bitpetite makes some pretty bold claims and comes off very suspicious to me. Because of this I decided to take a closer look into it to see if it is actually legit or not. If you are wondering is Bitpetite a scam then you are in the right place. You will definitely want to read this review over if you were thinking about investing or using this service at all.
Bitpetite provides a type of transaction security service when it comes to bitcoins. They secure bitcoin transfers so that people do not know where the bitcoin came from.
How do they do this? Well its a bit confusing but here is what they tell you: They say that they mix some of their own bitcoin funds with your bitcoin funds. Then they send the bitcoin through some anonymous transactions before sending it where you want to send it. This all helps cover things up and keep you safe.
In addition to this service they also offer an investment service where they claim that you can grow your funds just by investing in them.
Whats The Point?
Honestly I don’t really get the point of Bitpetite doing what they do to make transactions safe. Bitcoin transfers are pretty safe as far as I know and I don’t see the purpose of this place.
Honestly I think it is a lot more unsafe sending bitcoin through this place because there is little information on them and they really don’t have any credibility. I would send bitcoin directly to the receiver any day of the week.
How They Make Money & How You Make Money
They tell you that they charge 0.5% on all bitcoin transactions through them. This is fine and dandy but I don’t really see them making much money here. I think the real business comes from people investing in hopes of earning insane returns, as they claim you will.
Bitpetite claims that investors will make 3.97% returns on weekdays and 1% returns on weekends. This is ridiculously high. Can you imagine making nearly 4% returns each day? Are you kidding me?
This is what you call a HYIP, or a high yield investment program.
Why It Can’t Work Out
This just doesn’t make any sense, and when things don’t make sense they are usually scams.
This place doesn’t really tell you how they are able to provide such high returns. It just makes no sense to me and I’m willing to bet that if a professional investor would take a look at this site it would make no sense to them either.
How can they possibly promise fixed returns? According to them they are making all their money from the security transaction service they provide but I really cannot imagine them making much money at all from this because I don’t really see many people using it and they barely charge anything. So this all just doesn’t really make much sense to me.
The Truth Behind The Lies
As I mentioned earlier, it seems the real business here is more along the lines of a pyramid scheme. The service this place provides I believe is more of a cover-up to disguise themselves as a legitimate business.
The real money comes from investors. And the reason they are able to pay out high fixed returns is because of new investors flowing into the program.
Not only is this illegal but it just will not work out for long. It is bound to collapse because it provides nothing of real value that can sustain a business. Once the flow of new investors stops coming in the money will dry up. And with a pyramid scheme like this the overwhelming majority of people will stand to lose money on the whole thing.
The Bottom Line
The bottom line here is that you cannot trust this place at all. There is no information given that shows this place is credible and legitimate. They tell you good things about their-self but there is no proof to back up their claims. This is a big problem for me because anyone could create a scam program and say whatever they want. Without real proof these are just words that hold no truth.
A legitimate company would give proof and background information on what they do and why you can trust them, but this place does not. This just adds to my theory that it is indeed a scam.
A Word or Warning
I have looked into and reviewed plenty of very similar cryptocurrency scams over the recent years. This is the first of its kind that claims to basically “launder” your bitcoins for you for security purposes, but its the same as many others in the way it promises fixed returns on your investments.
Pretty much every bitcoin investment place that I have seen promising fixed returns has either collapsed or is going to collapse. There are a lot of scams out there riding this new cryptocurrency wave due to its massive popularity… with a lot more scams than legitimate programs. For this reason you need to be careful what you get yourself into.
Final Thoughts & What I Recommend
I really do not recommend investing in this place. Its just not worth the risk as far as I see it. Until this place provides proof of being a legitimate business and becomes a little more transparent with their operations I would not trust them. There is nothing that tells me they aren’t a scam so I’m going to assume they probably are, although I haven’t actually invested myself and tried it out.
If you are looking to make money with Bitcoin investment you might want to check out USI-Tech Here. They are a little on the shady side as well but I actually have invested money with them and made money off of it.
Another opportunity that I recommend above all others, because it is legitimate and has a lot of potential, is this program. I make a living working online with this program and have been a member since 2015.
Questions or comments? Leave them below in the comment section and I’ll get back to you 🙂