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For example, a 10,000 loan for 180 days would purportedly give you 40 returns each month, with.20 daily bonus. Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced its shutting down.

Bitconnect Review: Is it Legit?

The official BitConnect Coin website claims that users can earn 120 interest per year by holding onto the token. This same theme is seen with the domain registration. It doesnt take long and it works pretty much just like youre used to in other protocols and exchanges. Transactions are performed directly between users on a peer to peer basis, similar to most other blockchain technologies in the world today.

BitConnect Coin Review - Community-Based Decentralized

In the last The token has plummeted more than 80 to about 37, down from over 200 just a few hours ago. Its the people late to the game who suffer.

Bitconnect, which has been accused of running a Ponzi scheme

Sure you could end up making lots of money with BitConnect but is it worth the risk? Even though the currency and platform have been stable and growing for months now, some analysts are calling it too good to be true. Bitconnect Tools Available to Users Bitconnect users can mine coins, stake their coins, trade, and generate commissions through referrals.

Bitconnect Scam Review 1 daily returns?!

BCH, or Bitcoin Cash which is essentially useless now that the trading platform has shut down. BitConnects website makes vague mentions about a lending service, although we couldnt find much more information available online. You are at: Home reviews Comparisons services »Bitconnect Review: Is it Legit?