bitcoinbanc

The Bitcoin Banc (TBB) is a high-yield investment program, also known as an HYIP, that will, purportedly, provide you with Forex trading returns up to 90% success rates thanks to its quartet of highly trained brokers and its advanced trading bot.

What Is The Bitcoin Banc?

There's no information whatsoever about who owns The Bitcoin Banc on the website itself.

The site, meanwhile, was registered anonymously in the March of 2014, providing no help there when it comes to finding out who's in charge. This is odd because the website says TBB has been “profitable since 2013.”

The site claims to have offices in both the United States (no city specified) and in London. The US-based telephone numbers listed on the site are for a New York City area code, yet the “Contact Us” page has a Google Maps widget that points to a farm field north of Fresno, California.

You'll excuse us if we suddenly don't feel so confident in whether TBB is a bona fide investment firm.

The Bitcoin Banc Product

TBB offers two ways to invest – with its “revolutionary” Forex trading bot and its team of Forex professionals who, according to the website, have more than 41 years of combined experience in trading on the foreign exchange markets.

All investments are done with the Bitcoin cryptocurrency against the US dollar (BTC/USD). Who these four professionals are is unknown, as their identities are never divulged.

These investment portfolios, of which there are four different tiers, all have a listed ROI of between 10% and 15% per month according to a chart on TBB's website – a chart that doesn't provide any verification for these impressively high figures.

The deposit minimums for these four different tiers are massive, starting at $20,000 and going as high as $500,000, making this a very high-stakes HYIP indeed.

The Bitcoin Banc Opportunity

The opportunity TBB presents to sufficiently deep-pocketed Forex investors with tens of thousands of dollars' worth to burn.

TBB says that both its managed mutual funds and its automated trading bots are successful with 89% of its trades, which is of course an incredibly high percentage. Again, there is no verifiable evidence presented by TBB to back up such a claim.

The Bitcoin Banc Verdict

Let's be honest here – if you have $20,000 or more that you're looking to invest, you're not turning to an untrusted, unverifiable, completely anonymous Forex trader like TBB to grow your nest egg.

It's the equivalent of simply handing over a giant suitcase stuffed with cash to a complete stranger, simply trusting that they'll do right by you.

TBB doesn't provide a speck of evidence that it's a legitimate Forex trader. Charts and tables on a website aren't exactly incontrovertible proof that the company is making actual Forex trades at a profit – especially at such a high profit margin that it's claiming to make.

Furthermore, companies offering securities and investment opportunities that function in the United States need to be registered with the Securities and Exchange Commission.

There's no evidence anywhere on TBB's website that the SEC has given this company its seal of approval, or if the regulator even knows this company exists and is purportedly offering high-yield investment opportunities.

Where's all the money going that's being invested in TBB? Well since the site's been up since 2014, any investors who foolishly sank money into this company are probably being encouraged to “let it ride” to provide compounding interest.

Either that, or the funds deposited from new investors are being used to pay off the ROI on existing investors in a typical pyramid scheme.

That's largely irrelevant, though. The truth is that when it comes down to this company you don't know where TBB is located, you don't know who's involved in running it, and you don't know what they do with your money once you give it to them.

Stay far, far away from this one, as you're likely to lose quite a bit of money that you will never, ever get back.

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