Loanbit.net, is it a scam or paying? The following review will serve as a reference to help you make a decision whether to invest or not.
Loanbit.net Payment Status: SCAM! NOT PAYING…
Loanbit.net Status on HYIP Monitors
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Loanbit.net is already a SCAM. It’s stopped paying.
Loanbit.net is a Bitcoin lending site for LoanBit Proprietary Limited, a company known and registered in Australia. Australia is not the only place where the company is known anyway. Its members come from every part of the world including the US, Belgium and Germany. The founders decided to pitch its tent in Australia because the people in the country cherish the use of cryptocurrencies.
Loanbit.net is a means of getting money in two ways. The first is by applying for a loan from the company, while the second way of getting money is by offering some credit to the company so that it can always have sufficient anytime someone comes around for a loan. If you decide to fall in this category, you will be given some interest depending on how much you deposit. It is that simple; you will be paid some profits for lending your Bitcoins to the company, and those profits will come from the charges imposed on those who have taken up loans from the company.
The more money Loanbit.net receives from investors, the more available funds will be for Bitcoin loaning. Consequently, more interests will be gathered from those who take up the loans and both the company and the lenders will receive bounty rewards.
This is probably the first of its kind, but there is no reason to fear seeing that the company is registered. Its registered name is Loanbit PTY LTD and its Australian Company Number is 619 812 323. The company’s registration took effect on June 19 2017. Its office is situated at 17/7-17 Bunda St Canberra, Australia.
Loanbit.net has tried to make things more explicit by adding a 1-minute video to explain its Bitcoin lending process. Even though their office is easily accessible, as shown in the map on its support page, one does not have to travel all the way to Australia before becoming a lender. In fact, you are just minutes away if you already have a Bitcoin wallet and a valid e-mail address.
The website looks stunning and rich, like one that is truly involved in giving out loans. That is why the home page starts with a picture of Bitcoins placed upon each other to represent the fact that it offers short-term loans.
Right now, Loanbit.net has 1077 members worldwide and has given out more than 60.5 BTC as loan from about 77.26 BTC gathered from investors. The total payment made to these investors is presently around 22.3 BTC. The figures above reveal that the short-term loan is working and as such, lenders will always have interests to share. These achievements are only little bearing in mind that the project is still a new one, having been established on September 11. By the time it stays up to a month or more, you can expect these results to double.
Fast loan approval
Loanbit.net loans are approved within 3 business days. The process takes longer with the banks and other financial institutions. The business of borrowing funds from Loanbit.net will also receive guidance on how to use the borrowed money profitably.
LoanBit Interest Rates
There are mouthwatering offers on Loanbit.net for lending your Bitcoins. You will be paid daily returns as follows:
- 2% daily for 7 days if you lend between 0.01 and 0.29 BTC
- 2.5% daily for 14 days if you lend between 0.30 and 14.99 BTC
- 3.0% daily for 21 days if you lend between 15.00 and 49.99 BTC
- 4.0% daily for 28 days if you lend between 50.00 and 249.99 BTC
Loanbit.net is able to send payments to its lenders very quickly because it pays higher transaction fees. The lender does not bear the burden of paying any of the attached fees.
Increase your payouts by compounding your investment. You can compound up to 50% of your investment, but this only applies to investments from 15.00 BTC.
One can readily accept this fact because of the kind of business undertaken. Almost every new business needs a loan and they don’t mind paying interests on it if they can make profits. This means that lenders who offer up their money to Loanbit.net for this purpose have a high chance of benefiting consistently.
Most affiliates will earn a maximum of 7% in three levels of 4%-2%-1% for levels 1-3 respectively. However, Loanbit.net gives a chance to those who have powerful networking skills to decide their own affiliate bonus. They are called “the leaders”, and they are usually those who can move the crowd.
Loanbit.net also pays affiliate bonuses when a referral makes a deposit from his/her available balance. This feature is what makes Loanbit.net stand shoulders high among others when it comes to affiliate marketing.
Loanbit.net returns the loan it receives from its investors at the end of the interest payment. Hence, in the case of the 2.0% interest plan, the investor will get back 14% interest after which he/she will be given his/her capital.
Loanbit.net Bitcoin lending is indeed a cool way to earn high returns consistently. Investors in this program are more likely to gain than to lose because many people are in need of loans nowadays and are desirous to pay interests on the loans received. Therefore, anyone with some spare money is encouraged to participate in this.
LOANBIT.NET is a SCAM! It’s stopped paying.
Disclaimer: Not all the websites listed in our Top List are 100% safe to invest. We do not promote any of those. Due diligence is your own responsibility. You should never invest into any online program with money you aren’t prepared to lose. Make sure to research about the website.