28th May: Not Paying – DO NOT INVEST
10Bit is a new HYIP to invest bitcoin offering 10% daily forever. It is involved in cloud mining or something; but, to be honest I didn’t even read any of the usual guff. I picked this one for a different reason and just handed over my bitcoin.
The main feature I’m loving about 10Bit is that it has some of the hallmarks of the now-scammed BitWealth from a few months ago. That one paid higher interest for a fixed term and was a fantastic performer. NOTE: BitWealth is still online but it is not paying, so do not invest.
And, besides 10% daily with no term sounds too good to be true. But, like I always say – if it sounds to good to be true… it is, and sadly, it too will scam.
Just a single investment plan to keep it simple – 10% daily forever. This is a great plan as you reach 100% ROI in just 10 days. From then on it’s pure profit. However, this type of plan makes it a higher risk for an early scam, and because your principal is included and each deposit is handled separately, the best bet is to get in early and limit reinvesting. Keep an eye on the risk indicator on my HYIP monitor – when it goes yellow, stop investing into it and withdraw as often as you can.
The site is bitcoin only and the minimum deposit is 0.001 BTC up to a maximum of 300 BTC. The minimum withdrawal is 0.0001 BTC and there are no other fees associated when doing so. Profits are paid once daily corresponding to the time of deposit.
The website is fine, nothing special or remarkable about it – what you see is what you get. All the information is available before registering, and everything works as it should including payments which are instant to your bitcoin wallet once you hit withdrawal.
To get started, just sign up, log in, and deposit some bitcoin. No compounding or any fancy plans here – just deposit and earn – love it!
Overall, I rate 10Bit as excellent mainly due to the simplicity of the site, and type of investment plan available. The site is not the prettiest, but it is functional and easy to use. Advertising is quite prominent and the uptake in the HYIP community seems quite strong. Despite this, it’s reputation is only growing at a steady rate which is good for longevity. I feel 10Bit is only moderate risky if you get in early enough (like now), but the risk will increase as each day goes on from the time of writing. However, I still only recommend an investment of up to 10% of your total portfolio.
As always, follow my progress of all HYIPs on my bitcoin HYIP monitor, and remember to not invest bitcoin you can’t afford to lose.