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InstantBitex Review

Hello all, and welcome again to the MNO blog for all the latest happenings in the HYIP industry! As another business week continues and the summer hots up (not to mention some unexpected twists in this World Cup final weekend!) we have a bit to catch up on in today's news but especially I'll be starting first with InstantBitex, another new name that was added to the Premium List just after it was launched around the middle of last week. You might remember I already introduced InstantBitex in my last post, but now I've had the time to check everything out in more detail I can go through it all a bit more thoroughly for you today. So let's see what it's all about and whether you think InstantBitex might be worth taking a shot at or not.

First of all I suppose it's fair to describe InstantBitex as a perpetual style HYIP. By that I mean there's no expiry date on your investment, so once you join the idea is for the program to continue paying you “forever”, which of course is only as long as the whole thing survives. Now whether that turns out to be a day or a month or a year is anyone's guess, I certainly have no way of knowing it anyway, but that I suppose is where the gambling aspect comes into play. There's basically just the one investment plan in InstantBitex, but this is then divided into three sub-sections depending on the size of your principal, i.e. the bigger spending players are offered better rates of interest. But to start with an entry level deposit in InstantBitex you will need a $50 minimum. Quite a bit above the industry average I suppose, but but pretty much what most of the regular players would be starting out with anyway. Strictly speaking that isn't 100% accurate though, in fact InstantBitex doesn't work with traditional dollar based payment handlers. They work exclusively with crypto-currencies only, such as BitCoin for example. There's plenty of choice in that regard, I'll go through them all for you in a moment, but you'll just need $50 worth of whatever currency you wish to use at the exchange rate of the day. It's just easier if we speak about the plans using dollars.
InstantBitex
So, your $50 equivalent deposit gets you into The Silver Plan. Any amount up to a maximum of $5,000 earns you 0.5% interest per business day (Monday to Friday) "forever". I can't really add anything to that or give any practical examples, anything else I could say at this point would simply be guesswork, and your guess is as good as mine. Exactly how much of a profit, if any, you eventually walk away with in InstantBitex depends on how many business/payment days the program can stay afloat for. The only important statistic that you need to be aware of is that you will need at least 100 business days, that's 20 full calendar weeks, to break even.

Shouldn't that be 200 business days? No, you see there's a bonus added to your principal when you join The Silver Plan. InstantBitex will add an extra $50 to your deposit, so effectively if you join with just the $50 minimum you would actually start drawing interest on a $100 principal. This allows you to then reach the break even point and earn back your own original $50 in half the time you would normally expect to. (Actually when withdrawal fees are imposed it takes somewhat longer, but I'll explain all that later). The $50 bonus does not increase in line with your own investment by the way, so if you were to invest let's say $2,000 or $3,000 of your own money you would still only get the same $50 and it would of course take considerably longer to reach the break even point.

Bigger spending investors prepared to invest a $5,001 equivalent are put into The Gold Plan. This is for amounts up to an upper limit of $50,000. InstantBitex offer members here a daily interest payment of 0.75% per business day for how ever long the program continues. As with the previous plan, the InstantBitex admin again offers a bonus addition to your principal, this time of $500. This will again have the added affect of helping you reach the break even point a little bit faster, especially for those at the lower end of the scale.

And lastly just to make up the numbers InstantBitex have The Planinum Plan. This is for deposits upwards of $50,001 to a maximum of $1,000,000 (in other words no real upper limit). InstantBitex offer 1% interest per business day "forever" on deposits here, and a sign-up bonus of $1,000 added to your principal.

The full list of payment methods you can use to invest with InstantBitex is extensive. Perhaps even a bit pointless if I'm honest, there's a couple of names in there that I've either never even heard of or at least have never once seen used successfully in the HYIP industry. Oh well, I guess all you need is one and the extra choice won't hurt anyone I guess. So, should you wish to proceed with an investment them InstantBitex will accept funds via BitCoin, Ethereum, LiteCoin, BitcoinCash, Ripple, Dash, BitcoinGold, Monero, EOS, Tether, DogeCoin, ZCash, EthereumClassic, and Tron. Despite the program's name however, withdrawals from InstantBitex are not actually instant. They will need to be requested from inside your member's account area and are then processed manually by the admin. The payment schedule depends on the timing of your request, but to be fair in my own short experience with them everything has been done pretty fast. Basically if you are making your withdrawal request within the program's business hours, Monday to Friday, they will endeavour to get you request processed within an hour. Outside business hours and it's going to take a bit longer naturally, but you shouldn't have to wait longer than the next business day to have your payment. When you do go to withdraw by the way, due to the script’s peculiarities every request must be confirmed by clicking the link you will receive via the same email address you used when creating your account. I imagine this is for reasons of enhanced security.

Smaller investors should take note at this point, and please be very very clear about this before you spend any money with InstantBitex, that there are minimum withdrawal limits for payment requests as well as processing fees that could take a massive chunk out of your earnings and make it a lot longer than you anticipated to break even. I'm not going to go through all the figures for you here, that's not possible as it's different for each currency, but I'll give you the example of BitCoin. At the time of writing the minimum withdrawal that will be honoured by InstantBitex is 0.001 BTC, which is around $6.70 give or take a couple of cents. However the fee for handling a BitCoin withdrawal request is 0.0005 BTC which at the moment is about $3.35. OK, if you were withdrawing hundreds of dollars then you wouldn't mind absorbing that amount, however I suspect the majority of readers would only be withdrawing amounts much much closer to the 0.001 BTC minimum. If so then that's potentially as much as 50% of your earnings wiped out right there. So again, I cannot emphasize this enough for you, take very special care to consider this when planning any investment.

As for the more technical side of the InstantBitex website, I have some mixed feelings on this. In some areas there's obviously been a lot of time and expense, which is strange then when corners have been cut in other places. For example, the website is powered off a custom made script that's been developed especially for the InstantBitex program. That's usually a welcome sign, but then I also see that it's hosted on a shared server which makes it more vulnerable to malicious DDoS attacks. The interface is unnecessarily complicated, thought that's just a personal opinion. On the plus side InstantBitex do have an extra layer of account protection with an SSL encryption certificate by GoDaddy.

If there are any further questions for the InstantBitex admin, anything you don't quite understand about the program, or any account related issues that need to be dealt with then there are several channels of communication open to you. As always you should make sure to read the FAQ page very carefully before contacting anyone of course, but if you do need to get in touch then start with the Live Chat room that's embedded in the members account area. If more personal details are required then you can either submit your request via the online customer support form, or else just write directly to the admin at the listed e-mail address. Other real time support options include Telegram chat and WhatsApp, plus accounts on some of the main social media networks such as Twitter, Facebook, and Discord. Lastly there's a postal address in the UK where InstantBitex has been registered as a company though experienced readers will know well enough to ignore this by now. Anyone can set this up cheaply and anonymously over the web.

Something else I wouldn't take too seriously are the claims that InstantBitex are somehow involved with the trading of crypto-currencies. For the record if you're interested that is the claim, but the fact that much of the texts are a simple copy/paste taken from other sources pours cold water over that. Difficult to see really what direction InstantBitex will go in but if it's going to be a success then it's certainly not going to be an overnight one. Perhaps in the autumn when more investors start returning to the industry and the admin has an established track record going back several months it might gain some momentum, time will tell. For now though you should just remember the two most important things about playing with HYIPs. If you think they are suitable for you then just remember to keep your spending strictly limited to what it won’t bother you to lose, and to keep InstantBitex as a smaller part of a wider more diverse portfolio.