You did right by searching for the KingOfBtc.Biz review before you invest in this company. Even we don’t wanna call KingOfBtc a company since it is a Ponzi scheme which is an illegal scheme.
It is crystal clear that KingOfBtc is a Ponzi Scheme because it is offering an unrealistic rate of return such as 1000% return after 6 days. However, this claim is very unrealistic and bogus because none of the experts can guarantee such amount of returns daily by investing in the platform where KingOfBtc is claiming to invest their money.
You should know that the legit companies always have an option to take a loan from a bank at the rate of less than 1% monthly instead of collecting money from several people by paying them 1000% return after 6 days. So, these kinds of rates are only offered by Ponzi schemes like BlueWhaleInv, Zetbull, Nessa, ForexProfits, MedTech, iXTrade, and so on.
These kinds of companies also try to trick people by providing the company’s registration document. But, you should not fall into that trap because such registration is not a license to run an investment company like KingOfBtc. Mostly, Ponzi schemes used the company registration platforms like UK Companies House where anyone can easily register a company even by providing the third party identities and virtual address which can be rented from the virtual address providers. So, don’t fall into these traps.
It is also offering the commission on the investment amount of your referral. It is claiming to pay such commission up to 3 levels of your downlines which makes it another illegal scheme, known as a Pyramid scheme since any company offering the commission up to multi-level downlines without selling any real products or services but only the sales of investment plans make them a Pyramid scheme.
Now it is clear that KingOfBtc is a scam. If you still don’t believe us, then we suggest you contact the legal authorities in your county and ask them to check its business. Then you will know the reality by yourself.
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