Is Bitplam A Scam? [Unbiased 2022 Review]

Looking for a Bitplam review?

If you’ve been looking for ways to start earning a passive income online, you’ve probably encountered Bitplam.

I you want to learn more about it and whether it is reliable platform to get started, the good news is that you have come to the right place.

I recently came across it and was curious to learn more about the program. So, I researched it and put together this review sharing my findings. In this review, you get to learn about the company’s background information, the type of investment plans they offer, the referral program, past or present customer reviews, and other details you may find useful.

Before I start…

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Table of Contents

What is Bitplam?

Bitplam is an investment company that claims to offer endless opportunities for investors to start earning passive income online.

On its official website, the company claims to be about making money in the crypto markets:

“BIT PLAM LTD is a company consisting of very talented traders who use professional tools mainly in the cryptocurrency markets. When managing our users’ funds, we make several dozen transactions a day to ensure guaranteed profits of 4% -5%. We constantly analyze the situation in order to earn money quickly and effectively. Trust us with your money and enjoy your passive income every day.”

They claim to give investors exposure to several long-term and short-term investments, including cryptocurrency trading, forex exchange, swaps, fast futures, among others.

It works a bit like Minerift Biz or Crypto Mining International Limited.

According to the live statistics, the company has over 37,000 members and millions of dollars worth of investment as of writing this.

Bitplam started its operations in August 2021 as a privately owned company and was registered on 31st August of the same year. According to their company website, they are a UK-based company whose headquarters are located in London.

They have provided the necessary documentation as proof that they were privately registered with the domain name “bitplam.com” by the registrar of companies and are conducting their business legitimately.

The company is registered to operate in England and Wales with the following address:

The company is located in London.

Who is Behind BitPlam?

Although the company’s Director is Ben Simpson, Bitplam does not mention who really owns the company or reveal the partners that come together to start the business.

It is disappointing that the company left out such a crucial piece of information about its ownership structure thus making me doubt whether the company was indeed formed by legitimately outstanding financial experts like they boldly claim.

How Bitplam Works

In this part of the review, we’ll take a look at the type of services or products the company offers and the expected returns in case an investor chooses to join Bitplam.

Bitplam claims that they use bots while making trades to monitor the cryptocurrency markets to make the best investment decisions and deliver the high returns they promise clients.

This company has 2 investment plans and an Affiliate or Referral program.

How to join Bitplam

Joining BitPlam is free. To get started, you only need to have access to a working internet connection. On the official website, you’ll find a “sign-up” button on the top right corner.

Once you click on it, you should then fill in the registration form for free and make sure you read the terms before clicking on the “Create my account” button.

Once you have created your account, load it with a minimum deposit of $25 to start investing.

Investment Packages

Bitplam’s business model has two investment plans to choose from and investors can invest any amount starting from $25 to a maximum of $200,000.

To invest in any of these plans, you need to have an active account that has a minimum balance of $25 in dollars or an equal amount in a cryptocurrency accepted by Bitplam.

Here are the two packages:

LITE Investment Plan

With LITE plan, you invest any amount starting from $25 to $5,000.

LITE package is a plan that spans 30 days with a net profit of 120% at the end of the month. The expected daily return from this package is 4% and the maximum amount you can invest is $5,000.

PLUS Investment Plan

You can invest any amount starting from $5,000 to $200,000 to receive 5% daily.

The other package known as PLUS has an expected daily ROI of up to 5%. The plan requires a minimum investment of anywhere from $5,000 to a maximum of $200,000 and runs for 40 days at 200% net profit.

You shouldn’t be too excited about these figures because they are just a projection of the expected returns in a highly volatile form of investment.

I recommend that you only invest what you can afford to lose.

Referral program

Existing investors can complement the investment plan with the referral program. This program allows you to make more money when get other potential investors or affiliates to join.

Here, they encourage you to use professional tools for marketing like social media, blogs, and others to spread the word. They provide you with a special link to share.

You will percentage of what the affiliate invest after joining Bitplam. The company gives commissions in 3 levels:

level 1 or Line 1: Earn 5% of deposits made by the new members.
Level 2 or line 2: Earn 2% of deposits made by new members recruited by members recruited on level 1
Level 3 or line 3: Earn 1% of deposits made by new members recruited by members recruited on level 2.

Bitplam claims that these commissions are paid instantly and that you can choose to withdraw or re-invest these commissions in their investment packages.

Modes of payment

There are 15 ways you can make payments, including ePayCore, PerfectMoney, Bitcoin, Ethereum, DogeCoin, BitcoinCash, Ripple, ERC20, USDT TRC20, BEP20, Dash, Litecoin, BSC BEP20, Stellar, Tron and USDT.

Bitplam also lets you make several deposits in a day but you cannot open multiple accounts. If you are found to be violating this regulation, you losing your investment entirely or your accounts blocked indefinitely.

When you want to make a withdrawal, you can do so as long as the available balance is more than $10 (depending on the payment processor used). Your withdrawal will be processed manually and you’ll have to wait 24 hours after making your request.

Is Bitplam Legit?

I don’t think BitPlam is legit. After researching the company, I found that it has the attributes of a fraudulent company run by scammers. In other words, it looks like a Ponzi scheme.

First, I don’t think the program does any investing in the crypto markets. There’s no proof to support the existence of the so-called “talented traders” behind the scenes.

On top of that, they promise guaranteed returns every 24 hours but they don’t show any financial documentation of transactions made as evidence that they actually achieve these targets.

I would not bet my money on Bitplam because this is a red flag. The right decision is to avoid it entirely.

My verdict on Bitplam

From the look of things, Bitplam has the makings of a huge scam.

Besides the concerns I have shared, Bitplam reviews on the internet concerning the company are negative whereby the majority of people say that the company does not pay you if you withdraw.

Also, the company was founded recently, and the chances of it being an exit scam are very high. I think the best thing is to stay away from it because it could shut down and your money would be gone like we’ve seen with other ponzi schemes.

With all the information I I have provided in this Bit plam review, my advice to you is to find other projects or search for an honest and legit platform.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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