Deposit Release HYIP RCB 100% SCAM

BitMagnet – increase your bitcoins

BitMagnet is a new investment company that specializes in the usual cryptocurrency stuff. Nothing very exciting there. Simply deposit bitcoin and watch your investment grow everyday… wait, that actually sounds pretty exciting to me. Anyway, I just love this style of program, and I know many of you do too. So, who’s in with me?

Overview

BitMagnet is an excellent example of a classic bitcoin HYIP. It is simple, and is also a very familiar program for many investors. It has a minimal design and all the information is available on the site which means that there are no nasty surprises waiting for you after you sign up or invest bitcoin like some programs tend to do. The name ‘BitMagnet’ could actually be a little bit of a tongue-in-cheek reference to  the real purpose of the program, but a bit of a sense of humor goes a long way. If you are new to HYIP investing, then please read my basics page first.

Anyway, if you do actually read any of the content on HYIPs, you would probably notice that some use similar text and ideas. And, if you really take notice, you will spot that this program is the work of the admin from BitJewel and BTCInv. Both programs are now dead, but they both ran for more than 30 days giving many early investors decent profits.

Investment Plans

As mentioned before, BitMagnet is a classic bitcoin HYIP, and as such it only has a couple of easy to understand plans that are principal release for a 5% fee. You can release your principal after the first 24 hours, but you probably should keep it in a bit longer to at least get some profits. The first plan is 3.6% daily for deposits up to 5 BTC, the second plan is 4.08% daily for deposits from 5 to 50 BTC, and the third plan is 4.56% for deposits above 50 BTC. Let sanity prevail and only invest in the first plan. This will see you to 100% ROI in about 28 days. The minimum investment amount is 0.001 and the minumum withdrawal is 0.0001. The site is bitcoin only in the spirit of keeping it nice and simple.

RCB Offer

For BitMagnet I am offering 100% RCB (referral commission back), which means you get back all of the referral commission of the bitcoin you invest from me. To claim your RCB, simply use the contact form after you have invested and send the following details:

  • Your BitMagnet username
  • The email address you used for BitMagnet
  • A screenshot of your main account page
  • A bitcoin wallet address

NOTE: All RCBs will be paid after the program ends and you must invest 0.01 BTC or more.

7 thoughts on “BitMagnet – increase your bitcoins”

  1. Hello Deanossoc,
    can you please try to explain me why Bitmagnet does not pay my withdrawals requests?
    they’re pending since late january…
    i send them some e-mails but they never replied…
    however i read that they are making payments…
    thank you

  2. How to withdraw my invest and my deposit ? I can not find this information ? thanks for letting me know how . I am new just couple of days but want to know.

    1. go to Your Deposits, then find and it in the table and click Release. Once it is released you then need to withdraw as well

  3. I have a question. I’m new to HYIPS and started at the end of December. Why would someone remove their principal investment after 24 hours if they are earning interest on the principal investment? What would be the point? Thank you.

    1. Well it’s just to be safe, 24 hours might be too short, but you don’t want to keep it in there too long because it can stop any day without given notice. Also some programs don’t allow you to withdraw your principal even though it has the release button, which has happened to me before. I would recommend only invest what you’re willing to lose, and also check the HYIP scam list so you have an idea of how long they lasted.

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