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Cryptocurrency

Published on September 18th, 2020 | by Sara Kane

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Bitgo Review: A wise investment or ridiculous scam?

BitGo is a cryptocurrency investment site that offers investment plans and portfolio management services. They claim to have the best technology and most effective teams that allow them to make consistent profits from crypto trading. They also claim ton offer fixed rates of return which allows you to more than double your money every hour. While this type of return is practically impossible, it is not the only thing that gives their shady scheme away. As you can see, there is a lot of missing and false information on this site. They claim to offer crypto investments based on their trading data, but have not even mentioned which crypto currencies they trade in. In addition to this, most of the claims made on this site are actually quite vague as you will see later on in this review. While this site might try and attract someone who knows nothing about crypto currencies, it is clear to an experienced investor that they will not be able to achieve such results. When a site offers ridiculously high returns, you should always be wary of it, especially if they can’t tell you how they plan to achieve these rates.

BitGo has only been operational since early 2020 and it does not have a solid trading background. There is no information that tells us where they are located and they have not even provided any registration details. They are not even registered with any reputable regulatory authority, so there is no way of knowing whether they are actually legal or not. Another issue is that they do not provide any contact details. There is no phone number, email address or other contact information. The only way to send them a message is by filling a form on their website at: Bitgo.uno.  There is no information about the origins of the company and the site is anonymous. This shows that it is very risky to do business with them.

Bitgo Review

One of the main things about the BitGo site is that it advertises a high return rate with easy deposits and withdrawals. You will notice that they offer four different plans. The basic plan offers a return of 34% hourly with a minimum deposit of $10 and the maximum plan offers a deposit of $1000 and a return of 142% after 2 hours. You will be able to withdraw your money instantly. However, they do not provide any information on how the user can withdraw, even though they offer a few methods of deposit. They also don’t have a support to contact in case something goes wrong with the deposit and withdrawals. They also have an affiliate program where you can get 4% commission by putting up banners. However, without verification, promoting this site could be illegal as well.

Strategy

The founders of BitGo have not included any detailed strategy in their sales pitch. They claim to have a successful program where they earn from trading in cryptocurrencies. However, they make no mention of what their trading strategy is, or even which cryptocurrency they are trading in. they claim to have the most advanced trading software, but they haven’t even mentioned which trading platform they are using. There is no information on the name of the trading software, how it works, and how it can guarantee fixed profits. Unless they can provide a solid trading strategy, it’s quite hard to trust them with your money.

Analysis

  • Company: BitGo
  • Product: Cryptocurrency investment plans
  • Minimum investment: $10
  • Trading strategy: None
  • Trading results: Unverified
  • Customer Feedback: Negative

You may be interested in looking into other similar platforms…

Trading Results

The actual performance of Bitgo can be measured by their real trading results. Unfortunately, they do not provide any trading results on their site. Without this, there is no sure way of measuring their success at trading. However. They do have a few payment proofs that they actually pay their investors. If you look closely, you will notice that even these proofs are not real and they are unverified. Without solid trading results or real payment proofs, there is no way of knowing whether they are really paying their investors or not.

Client Feedback

BitGo was only registered in May 2020 and so they do not have any customer feedback on reputable forums. However, many reviews have pointed out the fact that they function in a similar way to a pyramid scheme, so it is unlikely that the initial customers will find out until it’s too late.

Conclusion

If you are thinking of investing in BitGo, then you should reconsider your decision. They are not a legal company and have not provided any registration details or contact information. They are offering impossible returns that are supposed to make you rich overnight, and they don’t even have the strategy strategy or results to back it up. Investing in this site seems like an easy way to lose money.

If you have had any experience with this company, we would love to hear from you. So, share with us in the comments section below.

BitGo UNO

$10 (minimum investment)

2

Price


4.0/10

Strategy


2.0/10

Trading Results


2.0/10

Client Feedback


1.0/10

Customer Support


1.0/10

Pros

  • They promise a high profitability
  • The company also offers an affiliate program with 4% commission

Cons

  • They have not provided details of their trading strategy at all!
  • They have not provided any trading results
  • The returns they are promising seem quite unrealistic


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