Kryptobits.biz Review is Krypto Bits Limited a Scam or Should I Invest

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Kryptobits.biz Review: is Krypto Bits Limited a Scam or Should I Invest?

KryptoBits Limited Review: Scam or Paying? Krypto Bits claims it could make you good profits from bitcoin trading. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of Kryptobits.biz, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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Kryptobits.biz Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Krypto Bits Limited is not a legit cryptocurrency investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

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PrimaryCrypto.com Review (Primary Crypto = SCAM!)

Primary Crypto (PrimaryCrypto.com) is an investment firm that claims its goal is “to develop and secure channels of investment that enable individuals to take responsibility for their savings.” They provide their customers with tools and information that will allegedly allow them to invest money “independently and successfully with minimal risk and minor fees.”

Should you invest with Primary Crypto, or is this a misleading investment opportunity, perhaps even a scam? This is exactly the question we will address during this PrimaryCrypto.com review.

PrimaryCrypto.com Review

The first thing we need to find out when trying to determine the legitimacy of an investment company is who is behind it. What’s the name of the company? Are they licensed to offer investment advice? Where are they located? How can one contact them? You definitely don’t want to invest money with an anonymous company.

According to PrimaryCrypto.com, the team who runs this site “includes former high-level financial experts, successful floor trading veterans, and some of the most highly-skilled analytic minds in the financial sector.” No names are mentioned.

The domain PrimaryCrypto.com was registered on October 26, 2020. A privacy package was purchased which makes it impossible to find out the identity of the person or company who registered the domain.

In the footer, after a lengthy disclaimer which states they assume no responsibility for loss of your deposited funds, a name of a Slovakia company is disclosed: Dwork LTD. They are said to be located at Horna 54, Banska Bystrica, 97401, Slovakia.

We were able to confirm this by searching for “dwork” on orsr.sk, the Slovak Republic Business Register. The company is called Dwork s.r.o. and it’s a private limited liability company (ID 51 215 411) registered on November 21, 2020. The address is indeed Horná 54 Banská Bystrica 974 01. The sole managing director is Ing. Jozef Kremnický from Jelenia 1, Bratislava – mestská časť Staré Mesto 811 05.

Interestingly, in Jozef Kremnický’s other operation (nextlevelservice.sk), he seems less concerned about his anonymity.

How can one contact PrimaryCrypto.com?

According to the site’s contact, their office is located in England, specifically in the following address: 24 Percy Street, London, UK W1T2BS. A phone number (+442038080044) and an email address ([email protected]) are provided, as well as a contact form.

Now that we know who is behind this operation, let’s take a closer look at what exactly they are offering.

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Primary Crypto is a cryptocurrency investment firm which also provides education, market news, data and analysis. They offer a web-based trading platform with “a choice of over 200 assets, an array of 20 adjustable technical indicators, and a direct feed from the best data suppliers in the industry.”

Deposits can be made in USD or Euro. The minimum deposit amount is 100.

The education corner offers a minimalistic explanation of cryptocurrencies and a few videos embedded from different YouTube channels. No original content is provided.

Primary Crypto Scam

After going over the PrimaryCrypto.com website, we are not impressed to say the least. It seems that the site is ran by a one person company, and not be a serious investment firm. The site is brand new (4 months at the time of posting this).

The information provided on the site is lacking. Not even a clue regarding what kind of trading is offered – whether it is binary options, CFDs or cryptocurrency trading.

According to SimilarWeb, the site is not at all popular with the exception of Norway, where it is ranked 108,321 as of February 2020.

The conclusion of our review is that you ought not to trust Primary Crypto. We believe it is most likely a scam.

Review Verdict: Primary Crypto should NOT be trusted!

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