Beware of Risebit.io scam site. Yes, Risebit.io is a scam because its business model is not legit. We don’t deny that sites like Risebit may pay few members at starting, but they will not pay the majority of members at the end. OK, let’s find out in detail why is Risebit.io a scam, what makes Risebit a scam and what is Risebit.io in real through our Risebit review here.
Risebit.io is a fraudulent website due to the following reasons:-
# Risebit.io is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out some few people who promote and support some Ponzi schemes.
# We can say “Risebit” is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to double your investment in 24 hours but hasn’t provided any details from where it makes such profit which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like Risebit.io trick people by showing the real payment proofs because they pay few members selectively by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by at least other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like Risebit.io want to pay all members they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like “Risebit” are illegal schemes.
# Risebit.io hasn’t mentioned anywhere about who and from where is operating and running Risebit and has also concealed those details in WHOIS. However, only scam investment companies hide such details, not the legit ones.
# When we check in WHOIS details, we found the registrar of Risebit.io is used by a high percentage of spammers and fraud sites
Now you know that Risebit is a Ponzi scheme. So, Risebit is a scam. That’s why we have listed Risebit within our “Scams” category.
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