Topic: Tradebits.io - Blockchain fund that has been trading since 2017 (Read 528 times)

Telegram Account @Jamesivan deleted and SCAM confirmed.
Telegram group inactive: https://t.me/tradebits_io

I hope nobody sent them any coins.  Stay away from this and all similar scams.

Website is also down

I liked your project.Your project seems good.But I want to know where your company you based on?

How many members do you have in your team?

Dear members!


We have launched our trading platform (beta 0.12) for users whom wish to trade for themselves, you may see the demo here:  https://tradebits.io/trade/


Regards,
Support

Hello,


Yes, Absolutely! You can view more about our CEO here: https://tradebits.io/ceo - our website is going through some major changes and updates will be available over the next few days.


Regards,
Support

How can I Know more about your team?

Investors can receive up to 0.30% to 3% daily average and on some days a negative ROI depending upon our trades, we are currently in the pre-launch phase and once we launch investors will be able to see our live trades on Bitmex.

Your project seems good.But how you provide too much ROI?

Dear members!

PRE-LAUNCH has been extended till Jan 5th, 2020, because we are working on some special features that will be announced in the coming days, we want to give our clients enough time to learn about the system up until the launch date and the best possible experience.

Regards.
Tradebits Team

Hello,


Some of our team members would like to stay anonymous for now as they are managing a high amount of bitcoins for their personal safety and for the safety of customer funds.


Tradebits will soon announce their new office location.


Regards,
Tradebits Support

How can I know more about your other team members?

Hello,

Thank you! Our team is always working on providing users with the best experience!


Regards,
Tradebits support

Thanks for share the information about your CEO. He seems very experienced.Best of luck.

https://tradebits.io/public/btc-usd-gold.png


This is intended for experienced traders:

https://tradebits.io/charts

About the CEO of www.tradebits.io/ceo - you may find a link to our telegram group chat please subscribe for daily trade updates.

Updated Whitepaper v1.2 is now available on www.tradebits.io

https://tradebits.io/updated_whitepaper_v1.2.pdf

CEO telegram included - if for those who wish to talk to the CEO directly.

The Tradebits team is working hard on getting you our new performance page and it should be live over the weekend.

Dear members!

We are working on generating this month's investment return (pdf) please keep an eye out on https://tradebits.io for the "performance tab".


Regards,
Tradebits team

Thank you for letting us know about "https://bitcointalksearch.org/topic/m.26071191" we weren't aware of such a rule and this will be amended on our website in the coming future.


To answer "Sure, you mention that you are not responsible for losses, so all risk is on those that give you their hard earned money." Yes, all trading is a risk and we do not want you to invest money you cannot afford to lose!

We mention in our whitepaper: "Investor Notice
We are here to invest and trade digital assets on your behalf because when you profit,
we profit with you. You must be aware of the risks and accept these risks in order to
invest in our fund."

If you have invested already you can exit the fund at any time, this means you can withdraw your initial investment and your profits to date.

Regarding the team, we are working on an office that will be available to the public in Germany around February 2020 and we are setting up a beautiful page with all of our traders. Not only that if you do not wish to invest in our platform we are launching a service where our users will be able to access live trading signals for free in the near future. More information will be available on this on our website this month.


We would greatly appreciate it if you could remove the negative warning you have given to us on our bitcointalk account.



We hope this has cleared a few things for you.


Regards,
Tradebits
 

Thanks for looking into this, this has all the hallmarks of a cheap and dirty boiler plate scam ...

The whitepaper is so vacuous, I think it could suck a golf ball through a garden hose!

Sure, you mention that you are not responsible for losses, so all risk is on those that give you their hard earned money.




Regarding paying members to reply in your thread, check this rule
https://bitcointalksearch.org/topic/m.26071191



Another thing, you used word "transparency"  few times in your whitepaper, be fully transaprent and disclose the identity of your team of expert traders, let's see who they are. How can you expect people to give you their money if they don't know who is behind Tradesbit?

Hello,


First of all, thank you for showing interest in our platform, allow us to clear some doubts you may have about the Tradebits platform.

You state " Tradebits is offering unrealistically high ROI" our ROI is not guaranteed, investors earn on some days and may even loose on some if you read our whitepaper carefully you may find all the information on how the platform works.

Investors can receive up to 0.30% to 3% daily average and on some days a negative ROI depending upon our trades, we are currently in the pre-launch phase and once we launch investors will be able to see our live trades on Bitmex.

We have reviewed your topic and you state that we are giving away rewards for members to post about us, there is absolutely nothing wrong with that. Please read carefully before you make assumptions, we clearly state " Earn 0.0002 BTC by getting involved in our bitcointalk opening thread! This could be from helping other members who need more knowledge about the system to even asking questions yourself. More offers are posted here every week so keep an eye out to see how you can earn extra bitcoins."

If you have any more questions about our fund, please contact us via live chat or email and we would be more than happy to help you.


Regards,
Tradebits support.

Warning: Tradebits is offering unrealistically high ROI, if you join you will loose your money. On top of that, they are paying people to shill this thread. For more info, check the thread in scam accusations board

https://bitcointalksearch.org/topic/scam-tradebitsio-ponzi-offering-high-roi-incentivizing-ann-thread-bumping-5206744

About the Tradebits platform


At Tradebits we trade multiple cryptocurrencies and assets for you! We have a team of
expert traders who trade day in and day out to ensure our clientele maximum profits, not only
that we have a team of dedicated members who will be available 24/7 on the phone and live
chat to answer any questions you may have about Tradebits.

Tradebits ensures maximum security to all members we use BIP32 seeds in case you lose your
password and wish to recover your account you may do that with your secure seeds. seeds are
more important than passwords here at Tradebits and we highly recommend that you back
them up someplace safe during registration same goes for your wallet-id, wallet ID cannot be
recovered and if you do not back it up you will lose access to your account.


How does the Tradebits.io system work?

Let us provide you a scenario, for example, BOB investments 1 BTC into the Tradebits fund.
BOB earns a 0.81% daily average on his investment, and BOB now wants to withdraw his profit
after 8 days of investment, BOB will be eligible to withdraw his profits + the initial 1 BTC
the investment he put in, so the total amount BOB can withdraw is 1.0648 BTC with a combined
profit of 0.0648 BTC.

At Tradebits we have no minimum withdrawal term and you can exit the fund at any given point.
This is what makes Tradebits a fun place to trade. If you wish to reinvest you can always
deposit more Bitcoins into your Tradebits fund anytime and repeat the process.

What happens to my bitcoins upon investing in the Tradebits fund?

Upon deposit, your funds are transferred to our blockchain fund that is publicly visible on
blockchain.com as we believe in transparency, from there we use the bitcoins to make trades
for you and make you aim to get you a daily return on your investment.
All accounts are updated every day at 00:00 hours this is when we distribute the investments to
all active trades.

Trades that have been Liquidated do not receive profits, liquidated funds are withdrawn funds -
when you withdraw your bitcoins from our blockchain fund your investment get liquidated and
you get your profits + initial investment however withdrawals are instant and sometimes may
take up to 2-3 hours to process as we do not keep customer bitcoins in a hot wallet.
We store bitcoins on a cold storage device therefore it’s impossible for hackers to penetrate our
system. You must keep your seeds safe to ensure account security. We never ask users for their
passwords.


Where do you trade my funds?
We use Bitmex as our main place of trading followed by binance and a few other exchangers.
Tradebits also do long term fundholding, if the price of Bitcoin goes up you profit and if it
goes down you profit - you may wonder how this works… Our team of experts lock funds during
a bull run or any sort of spikes that may occur on the bitcoin market to gain maximum profit for
all of our investors.


How does tradebits make money?

Tradebits makes money of user withdrawals - we take 4.5% of the total profits you have earned
during your investment period. We do not take anything from your initial investment.
For example, if you deposit 1 BTC and earn a profit of 0.6 BTC we will take 4.5% from the 0.6
BTC you earned and you will be sent 1.573 instead of the full 1.6 BTC.


Fund Funding Procedure
After you create your wallet, you will need to transfer Bitcoin from either your exchange of
choice or another existing wallet. Upon sending your Bitcoin to the Tradebits wallet, your
investment will be automatically created and your bitcoins will be moved to the Tradebits public
fund bitcoin address.
Now at this stage, you will see investments on your dashboard page, initial investment, profit
amount, transaction hash, withdraw button and if your investment is “Active” or “Liquidated”
Every 24 hours, you will see an increase or decrease in your profit amount shown on your
investment.
At Tradebits we allow members to create multiple investments if you wish to create more
investments simply deposit more BTC to your Tradebits bitcoin address.
Your Bitcoin address will not change and can be used as many times as you like.


More information is available on our website if you may have any questions our dedicated team of experts are always available to answer any questions you may have!


https://tradebits.io - trading since 2017

Thank you!