To be lcear, this is a Bitshark.io review.
As a cloud mining platform, Bitshark.io could seem like quite a professional platform, especially at a first glance. However, there is no actual investment going on and people are only drawn to a money-stealing scheme through clever marketing. They also have a nice-looking website that could attract potential clients.
The biggest red flag about this platform is the recent wave of negative feedback from former clients. With a simple search, you will find most of these testimonies online. People who have deposited money are now regretting their decision. Others have their accounts blocked and no way of getting their funds back. In this Bitshark.io review, we will be revealing as much as possible about this unprofessional and scam cloud mining platform.
Even if the Bitshark.io official website might seem attractive, look further and you will see that it offers almost no information. They surround their whole deceiving strategy with false promises in the hope of attracting naive clients. Looking behind these fictitious claims, it’s clear that something is rotten. The platform claims that the more you deposit the more you win. This is the very definition of a scam.
Bitshark.io asks for personal documents
When it comes to the registration process, it’s quite simple and quick. However, once the verification process begins, that’s when we had to look twice. Numerous former clients said that Bitshark.io asked for their personal documents, card and banking details, and a bank statement copy. No online platform needs these documents to verify you as they can easily do it through an SMS or e-mail with a verification code.
This is definitely a strategy to harvest data from people which they can use later for nefarious purposes. You can lose your identity, your money, your house, etc.
Their referral program is also outrageous. It claims to offer you 50% of what the person you bought to the website makes. However, considering that, according to numerous clients, Bitshark.io doesn’t release any funds, you probably won’t get a commission either. Besides that, you will invite innocent people to a scam that could prove dangerous for them. We strongly advise you to stay away from such platforms!
Bitshark.io is unregulated and illegal
As you have probably guessed by now, Bitshark.io is unregulated and completely illegal. It has no legal right to do the activities it claims to do. Moreover, their Terms and Conditions page only redirects you to the website home page. This is alarming and a clear indication of what they’re doing.
Clearly, being unregulated means that your money and data will never be safe. Also, that you might never see any withdrawal done. You won’t have any way of contacting these people because they are seemingly anonymous. According to some claims, the platform belongs to some offshore scam artists that do this for a living.
No customer support and bizarre contradictions
In case you’re having trouble on the Bitshark.io platform, which you will, there is no way of benefitting from customer support. You will only receive a confirmation mail after signing up. Apart from that, there is no way of talking to a team member.
Their website also contains a bizarre contradiction. Their IP shows that they are located in the United Kingdom. However, their registrant country is supposedly the United States. Do you really need any more reasons to stay away from this platform?
The Bitshark.io offer is also bad, as they don’t even offer different account types. What you deposit (preferably in crypto) determines how much ROI you will get. In fact, you won’t get anything because, so far, we haven’t heard of a person who has been able to withdraw money from them.
Bitshark.io Review Summary
We truly hope that this Bitshark.io review has helped you in your search for the best online broker or platform. We DO NOT RECOMMEND this service as it is a SCAM with the sole purpose of stealing people’s money. There is absolutely no benefit in signing up for them. You are better off with another professional service. There are a lot of alternatives online that are serious and trustworthy. Bitshark.io is definitely not one of them!