25th June: Payments Pending – DO NOT INVEST!
20DailyCoin is another HYIP to invest bitcoin from the loveable folk in Belize. Whether or not the admin actually live in Belize I can’t say, but if they do, I envy them as it looks like such a wonderful place to live.
Quite a few HYIPs are hosted out of Belize for tax and anonymity reasons, and many of them are top notch. But, what has Belize got to do with investing bitcoin? – nothing really, so let’s get started and take a look at 20DailyCoin.
There are three investment plans available – one is your basic hourly plan and the other two are insane 5000 and 6000% versions which I don’t recommend. For the hourly plan, the actual profit rate is based on how much you invest. Up to 1 BTC will get you 0.21% per hour, principal included. This works out to about 5% per day, getting you to 100% ROI in 20 days. Not great, but should be achievable. You will need to invest more than 170 BTC to get to 0.85% per hour as stated on the website. Check my HYIP basics page if you have that much bitcoin and are thinking about it!
The site is bitcoin, as well as a couple of the normal money processors. The minimum deposit is 0.001 BTC for the lowest hourly plan. Profits are paid every hour into your account balance and the minimum withdrawal is 0.0001. Payments are instant.
The website is a bit clunky and not the prettiest with the classic goldcoders feel to it. The members section is a little tricky to navigate, and the running earnings total is quite distracting, but just remember your account balance is only updated every hour. The front page states that your principal is returned, but what it actually means it that it is returned as part of the profit. This is somewhat misleading, so keep this in mind.
To get started, just sign up, log in, and deposit some bitcoin. Make sure you select the right plan you want – the hourly plan is at the top. There is no compounding available, so you will have to reinvest if you want to do this.
I rate 20DailyCoin as excellent due to the general reputation of similar HYIPs. It’s reputation is growing quite quickly and there is little advertising. However, this one is a little bit amateur hour, so I do feel it is a little bit higher risk, but it should go the distance. As a result I would only recommend an investment of 5-10% of your total portfolio. Remember the risks!
As always, check my bitcoin HYIP monitor for all HYIPs, and remember to not invest bitcoin you can’t afford to lose.