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?
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.
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.
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.