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Is BitcoFarm a Scam? Can a CriptoCow Give You 1.35 BTC /month?

bitcofarm scamIn this review, I would like to cover all you need to know about a PTC/ investment platform called BitcoFarm. Can you really earn Bitcoins there or is it a total scam?

Let’s check it out!

 

BitcoFarm Review


  • Name: Bitcofarm
  • Website: www.bitcofarm.com
  • Price: Free to join, but a deposit is required to cash out.
  • Owner: Unknown
  • Recommended? No
  • My Score
     0/10

What is BitcoFarm?


 

BitcoFarm is basically a paid-to-click site with a bunch of chickens, cows, eggs and more. It allows you to earn bitcoins by viewing ads, investing, and referring people to the platform.

I am not going to explain in details all of the features of this platform as my intention mainly is to open your eyes to the risks involved.

 

Deceptive Site Ahead


First of all, I need to warn you that BitcoFarm is not a safe site according to my anti-virus and web browser. As soon as created my account and attempted to log in, I got this message just below the password area:

connection not secure

My browser also showed this message after I took the risk and logged in:

deceptive

That means your password is vulnerable to eavesdroppers and attackers, who can steal it and try to get access to your email or even to your bank account. They know many people use equal or similar passwords for these important accounts.

 

Wasting Time?


Viewing ads is the easiest but surely one of the most ineffective ways to make money online.

Each ad lasts for around 10-20 seconds and gives you 10 points and 1 ticket.

Well, at least in theory because many people are saying the site doesn’t pay. In the forum, you can see lots of people complaining that points are not being converted to Bitcoins.

complaint1

complaint2

Even if they manage to convert, the amount is insignificant. Here is one person complaining that 94700 points were converted to a measly 0.000009 BTC.

 

No Guarantees


BitcoFarm is claiming to be an innovative site that implemented an investment system different from another paid-to-click platform.

Instead of renting referrals, they decided to sell you chickens, sheeps, and cows that are supposed to give you daily eggs, wools and milk bottles worth of bitcoins.

For example, a cow can be purchased for 0.11 Bitcoins and will give you 1 -3 bottles per day. Each milk bottle is worth anywhere from 0.015 and 0.045 BTC. Check it out!

criptocow

 

cow

The reality is that no investment platform can guarantee you any profits.

Note BitcoFarm is promising to quadruple your initial investment after 1 month and keep on generating at least 0.45 BTC or $4,000+ every month forever. That is insane, guys!

 

It’s a Risky Business


The FAQ states that in order to cash out, you must have a minimum of 0.02 BTC in your account.

However, when you proceed to withdraw, you will discover you have to make a deposit first, but no minimum amount is specified.

Heck, that’s not all! If you read the TOS, you will also discover other two requirements:

  1. You should view at least 250 ads.
  2. The maximum cashout amount depends on yesterday’s deposits, account type, and cashouts on the current day.

Considering business finances are not available to the public, you don’t really know if you will get paid or not.

Besides, I have seen HORDES of people on the forum having issues withdrawing their Bitcoins, and the admin doesn’t reply.

cashout complaints

If you eventually manage to withdraw, it’s also good to now you will be charged $0.50 + 10% due to Bitcoin merchant services. Which is no good!

 

Is It a Ponzi?


 

The owner decided to be 100% transparent regarding his business strategy in the FAQ. This is what he says:

ponzi

According to Wikipedia:

Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.

I guess it’s a bit similar, don’t you think?

 

Conclusion – Is BitcoFarm a Scam? 


The owner has explicitly stated he/she is using yesterday’s deposits to pay members today and promising unrealistic returns on investments via criptochickens and criptocows.

BitcoFarm, with its long list of withdrawing requirements, complaints, and unrealistic payouts, is probably not working in your best interest.

Scam or not, I don’t recommend it as the risk is too high.

Verdict: Not Recommended

 

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Thanks for checking out my BitcoFarm review, and I hope this helps you make an informed decision. If you have any questions, please feel free to ask in the comment section below.

DISCLAIMER

 

ALL THE CONTENT YOU SEE AT MYROOMISMYOFFICE.COM IS BASED ON OPINIONS AND NOT FACTS.

I HAVE THOROUGHLY REVIEWED EACH PRODUCT AND THEN PROVIDED MY PERSONAL OPINIONS ON THEM. HOWEVER, IT’S YOUR RESPONSIBILITY AS A CONSUMER TO DO YOUR DUE DILIGENCE AND FURTHER RESEARCH IF YOU FEEL SOMETHING MIGHT BE INACCURATE.

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I’M NOT IMPLYING YOU WILL DUPLICATE THEM (OR DO ANYTHING FOR THAT MATTER).YOUR RESULTS WILL VARY AND DEPEND ON MANY FACTORS INCLUDING BUT NOT LIMITED TO YOUR BACKGROUND, EXPERIENCE, AND WORK ETHIC. ALL BUSINESS ENTAILS RISK AS WELL AS MASSIVE AND CONSISTENT EFFORT AND ACTION.

WE CANNOT AND DO NOT OFFER YOU ANY DIRECT FINANCIAL ADVICE, NOR ARE WE RESPONSIBLE FOR ANY FINANCIAL DECISIONS YOU MAKE.
Stefan
 

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Click Here to Leave a Comment Below 5 comments
Anonymous - January 21, 2018

hi

bitcofarm acount name

mastan2017

3AVFsBdotYKyxLJBzW7UFCRHXpC9kE981v

acount bal 0.09465065 dis my acount bitcofarm withdrawal sbi bank account

Reply
shaik - October 15, 2018

hi

dis amount withdraw amount bitcofarm who to withdraw dis my acount sbi

Reply

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