BtcIncome (btcincome.biz) was launched in June 2014 providing investment services from Canada. The company’s legitimacy has been evaluated based on the items listed below. Every individual item has been checked for the presence of obvious red flags or warning signals. If these are present, an explanation detailing what triggered them has been included. A detailed description of the reasons to evaluate each of the included items can be found below the table.
Phantom Riches It is advertised that with BtcIncome.biz "You will become financially independent at very short time. You no longer have to work, to think how to get good money." On top of this, returns are "guaranteed".
Source Credibility The website mentions it works with a "group of professional traders", with multiple years of experience in multiple markets to build trust in the company's capabilities.
Social Proof BtcIncome.biz has a 5 percent commission referral program, intended to get users to convince friends and relatives to invest as well.
Guaranteed Return As stated on the front page: "We can guarantee full return of the investent at a good level daily."
High Return / Low Risk BtcIncome.biz offers a stunning return of up to 2000% in just three days. Considering the possibility to reinvest profits, the annualized rate of return easily exceeds a ludicrous and unsustainable rate of more than a million percent.
Overly Consistent, Positive Returns There are three available investment plans, all of which return a perfectly steady income percentage regardless of any external variable such as mining difficulty, network hashrate and price. The offered rates have also been the same since June 25 2014.
Secretive or Complex Trading Strategy Arbitrage is said to be the company's magic money maker. And even though arbitrage is indeed a low to no risk trading strategy, it is not one that will make you rich as explained here, because the opportunities to make a profit are limited due to the very nature of arbitrage. The complexity of the arbitrage in general is used to hide this fact, while the concept is also intended to add credibility to the investment strategy.
Website Registration Details Registered June 9 2014, and will expire in 2016.
Website Design The terms and conditions are identical to those on at least a dozen other websites, including BoomBit, Nano-11 and ARXN Group. Other similarities with these websites include the layout and live statistics, making BtcIncome.biz seem like a lazy scam.
Grammar on Website The first line on the website reads: "We Have Professional Trade SofeWare in Bitcoin Market", which is a pretty good indicator for the grammar quality on the rest of the page(s). Sloppiness and a clear lack of English proficiency are prominently featured.
Contact Information The company lists both its address and a phone number, but trying to contact the company this way will get you a Chicken Tandoori at best (see verified address).
This is also the address of Bar B Q Tonite. In fact, also the registered phone number (+1.9052680088) belongs to this restaurant.
Verified Owner "Aaron Nelsen" is named as the official owner, but this person has no online footprint.
Business Registration Ontario's (Canada) company register is not publicly accessible, and therefore an official registration could not be confirmed.
Financial Regulator Registration Investment Services in Canada are regulated by the Investment Industry Regulatory Organization of Canada (IIROC), but BtcIncome.biz nor its owner are registered here.
This is normal SCAMMERS. They collect money may be for some terrorist organization in Canada. No give them money at all.
Here’s a Thread including Email Exchange with their “Support” in regards to a Transaction that wasn’t sent today (14th Jan 2017).