First Thoughts on Instant Bitex.
We just began a “Silver” listing for Instant Bitex. This program is not new at all and has been online since July of 2018 — over a year ago. So, it is definitely not a newcomer and you might even say that it has a proven track record of survivability. This is a refreshing sign in the HYIP industry as long-lived investment programs have become very few and far between.
Instant Bitex claims to generate its revenue by means of trading cryptocurrencies. Here’s a partial description of this activity from their website:
Founded in 2018 by crypto currency trading experts, Instant Bitex is the premier U.K.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.
For the investor, Instant Bitex offers three investment plans. They are unusual in a number of ways. First, they are all 365 business days long. Since there are roughly 22 business days in a 30-day month, you can multiply 365 by the conversion factor 30/22 to get that the plans are roughly 498 calendar days long. That’s over one year and four months long — which is a long time. So, even though the program has been online for over a year, none of its investors have yet completed a full investment cycle. Second, interests are modest and are 0.5%, 1.0%, and 1.5% per business day for the three plans. On a calendar day basis, the rates would, of course, be even lower. These relatively low returns are at last a partial explanation for the longevity the program has so far achieved. Third, a nice perk is that there is a significant deposit bonus for each of the three investment plans. It is a fixed amount for each plan so that, if you invest a smaller amount, you will benefit more from the bonus. You can even double your deposit amount!
I hope that this is enough information to tweak your interest in this rather unusual investment program. We will go into a lot more detail when we review the program. Please stand by. Our review of Instant Bitex will be available in a few days.
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