- June 11, 2018
- Posted by: Michael
- Category: Untrusted brokers/systems
BitElysium is allegedly a Hong Kong-based company that focuses on mining and trading cryptocurrencies. Their website promises huge 4.8% returns per day. In this BitElysium review, we will inform you about all suspicious facts from which some people might determine that BitElysium is a scam.
BitElysium – Returns – how high they really are
On the website, the company states that they can offer us 0.20% hourly profit forever, which means 4.8% per day. But when we looked in their about us page we found this piece of information “Your investment will generate forever earning every hour that will be 5% per day.” A little bit suspicious, isn’t it? But because I know such error can easily happen I will let this slide. What I will not, however, let go without having an objection are the returns that they promise. No matter whether they are 4.8% or 5% such results are, extremely unlikely to achieve. Maybe for a day or two. But definitely not for a long time period.
How does the system make you money?
There is simply no specific information on how the system is supposed to bring you such amazing results. Yes, we are informed that by mining and trading. But how? Anyone can say that they will take our money and make you rich. But that is still not a reason to believe to an unknown entity. So if BitElysium wants us to believe they are legit, they need to say how exactly they plan to make us money.
BitElysium – Where are the regulations?
Any investment provider that has investment plans, just like BitElysium has, needs to have appropriate licenses. When searching for BitElysium licensed we found none. They, therefore, operate without being regulated and are on the market illegally.
BitElysium conclusion – a scam or not?
There are many rumours that BitElysium is a scam company. We are uncertain about such a claim and cannot say that with absolute certainty because we haven’t tried their program with our own money. There is, however, one huge reason for that. The company doesn’t look to us very trustworthy since they offer such extreme pay-outs that we don’t think it’s possible to offer let alone guarantee. Not to mention their operation is illegal without proper license to offer their investment services.
If you have any personal experience with BitElysium, do not hesitate to share them with other readers who might benefit from what you have to say about this company. Until next time, stay safe, trade only with regulated crypto brokers and be on the lookout for more of our warnings about suspicious brokers and systems.
Average rating of the BitElysium investment plan