Beware! BitBoots has stopped paying! Do not invest there!

Hello everyone, hope you’re all keeping well so far this week! So maybe it is just my imagination, but the eternal optimist in me is beginning to think the HYIP industry is finally turning a corner in an otherwise forgettable year. With the launch of some high quality programs such as BitBoots which I’m looking at today, another new one I’ll be introducing in the news section (so keep reading for that) plus more to come still in the pipeline, hopefully some semblance of normality will be restored for the long suffering investors this autumn. Whilst we all know that activity in the industry has been consistently low for some time now, that doesn’t necessarily meat the appetite for a good, solid, money making opportunity isn’t as huge as it always was. Why would it? Anyway, before we move on to the rest of the industry news let’s take a look at BitBoots in more detail and see if you think if this is something that can deliver what investors have been crying out for all year long.

It’s hard to know where to start with a program like BitBoots. Obviously the investment plans are the single most important thing to most readers here so I’ll explain all of them in detail, but there’s so much more to the whole BitBoots network than just that. I’ll try to describe everything for you of course, but will also keep things as simple as possible. Basically then when we speak of the program called BitBoots what we really have is a group of individual websites, independent of each other, but all under the umbrella of the same operating company known as Grailum Ltd. Different websites cover different aspects of the business interests they claim to be involved with (all based around cryptocurrencies) with the actual online financial program targeting investors and their deposits known as BitBoots.

So far so good, but what is it then that BitBoots are offering members in exchange for their deposits? I suppose the first thing you should know about the program is that it falls very much under the category of longer term HYIPs. That means what they offer in regards to interest payments is, in HYIP terms anyway, small but realistic and achievable, though it also means it’s going to take you some time to earn back your initial investment and see your first profit.

There’s basically just one investment plan with BitBoots, it’s just broken down into different sections depending on how much you’re looking to spend. As with any online HYIP the idea here is to entice bigger and bigger sums of money out of investors by offering them higher interest rates. Despite so many cryptocurrencies being accepted (more on that in a moment) the plan is explained using US dollars, so unless you are using one of the more traditional third party payment handlers check the exchange rates of the day before you deposit. Your deposit however is not necessarily kept in or exchanged to dollars by the way, that’s just a convenient medium for explaining what you are earning and making it easy to understand. In fact BitCoin investments are kept in BitCoin, Ethereal deposits kept in Ethereal, and so on like that. Where you need to watch exchange rates is when you are turning your cryptocurrency payments back into hard currency, but in terms of actual earnings and interest rates all investments are treated the same by the program regardless of currency.

The plan itself then is open-ended, in other words perpetual and without a fixed expiry date. That means once you join BitBoots they should continue to pay you on a permanent basis for how ever long the program manages to survive. There is principal withdrawal clause, though even this is quite long term and doesn’t come into play until you have been an active member of BitBoots for 365 calendar days. So that’s a full year after which you can decide to either withdraw your principal and leave the program or else leave it in place and continue earning for how ever long you feel comfortable, assuming of course we ever get that far. While that is going on the minimum amount you can join BitBoots with is $50, or the relevant crypto-currency equivalent. For anything up to $1,200 you are offered a daily interest payment of 1.1% per calendar day. Now I can’t really give a practical example of how that might work out for you in financial terms, that’s all subjective to how long you choose to remain a member of BitBoots, but the most important statistics are the following. You reach the break even point, that is to say when you earn back an amount equal to your initial deposit and therefore making it impossible for you to lose any of your own money from that point on, after 91 calendar days. Were the program to survive the full 365 days needed to request your principal back, that would be 401.5% net profit on top of your initial deposit. Whether you think that can happen in the current industry situation is up to you, all I can add is that in more prosperous times I’ve seen similar achievements on several occasions so if things do improve during the autumn and winter months this wouldn’t be an unrealistic task if the BitBoots admin has both good intentions and experience. Time will tell.

For bigger spending players I’ll just run through the interest rates being offered by BitBoots and you can make your own longer term calculations based on how long you expect to be with the program. So, for deposits starting from $1200 and up to $2500 BitBoots offer a daily payment of 1.30% (break even point after 77 days). Amounts in the range of $2500 to $7500 are offered 1.60% per calendar day (BEP of 63 days). Members spending from $7500 to $15000 are promised a daily rate of 1.90% (giving a BEP of 53 days). And finally if there are any seriously big spending gamblers among you BitBoots offer 2.2% interest per calendar day on deposits starting from $15000 with no upper limit (BEP after 46 days).

As for payment options and timeframes, there’s quite a variety here depending on what your preferred method is. First of all the choice itself is extensive, and with BitBoots claiming to be so heavily involved with crypto-currency trading then digital options feature strongly. More traditional dollar based payment handlers include PerfectMoney and Payeer, and digital currencies include BitCoin, Ethereum, LiteCoin, PeerCoin, PrimeCoin, DogeCoin, BitcoinCash, Dash, EthereumClassic, BitcoinGold, ZCash, and Ripple. Those are just the main ones that are probably the most well known. The full list (which I’m not going to post here) in fact contains no fewer than 37 different cryptocurrencies, just check your members account area to see. Several options in there that I for one have never even heard of being used in the HYIP industry before so won’t be popular, but plenty of choice for all investors which is the important thing. If you are using PerfectMoney, Payeer, or BitCoin then payment requests are processed instantly, subject to minimum withdrawal rules that is. For all the other payment methods the BitBoots admin reserves the right to make manual payments but goes on to say this shouldn’t really take much longer than 12 hours at most.

Because of I imagine the associated fees withdrawal minimums are much higher for crypto-currency requests. For PM and Payeer BitBoots members need only to have $1 on their accounts in order to withdraw. Digital currencies are a little bit trickier here. In theory you see the minimum withdrawal should be the equivalent of $10. In reality however the peculiarities of the BitBoots script limit you to just three decimal places when making any inward or outward transactions via BitCoin, such as 0.001 or 0.999 for example. At current exchange rates at the time of writing 0.001 BTC is almost $6.50 which is not enough to be processed, so the next smallest option can only be 0.002 (three decimal places) which brings the minimum withdrawal up to more than $13 at the time of writing, so smaller investors please be aware of this and plan accordingly.

Onto the more technical side of things now, if you like what you see and want to become a signed-up member and investor with BitBoots this is how to do it. You can sign-up for an account on two pages. If you are immediately with what you know about the program then you can do so straight away on the home/index page. just fill in your details and away you go. If you prefer to read up a bit more on them first then try this method. Across the top of the page you will see various navigation tabs. First click the one marked “Start Trading”. This takes to another page with more general information on what the program is all about. This page also contains a sign-up link, so once you have read all the info simply click that button and fill in the usual contact info. An activation link is then sent to your registered e-mail address to complete the sign-up process. Once your account is all set up however the signing-in button might not be that obvious. It’s actually the little “padlock” symbol at the top of the page with the rest of the navigation tabs. As an extra security feature once you enter your chosen password to access your account, you will be sent a unique PIN code to your e-mail address which you will need to enter after your password in order to access your account.

As you might have guessed from reading the information above, BitBoots is indeed running off a highly secure script that was custom developed just to suit the program’s individual needs. In fact the unique e-mail PIN entry process needed to sign in to your account is also repeated every time you try to make any changes to your payment account details, so you can feel quite confident that even in the unlikely event of somebody else accessing your membership area without your permission (say you forgot to log out or using a shared computer, etc) there wouldn’t be much that person could do to steal your money. For a hosting provider all the Grailum associated websites, BitBoots investments etc, are being kept on a dedicated server with the support and protection from DDoS attacks and any other malicious activity provided by OVH. For an added layer of security you will find SSL encryption provided by Comodo with an Extended Validation certificate to follow shortly. The domain name is registered for six years in advance which should give an extra feeling of security for newbies.

If you have any further questions for the BitBoots admin that you think were not explained in this review or any account related issues then as always the first thing to do is read through the FAQ section which is quite extensive. If that doesn’t help you can submit your enquiry in writing either by using the Live Agent widget (the envelope shaped icon) at the bottom of the page, or click the Help tab at the top of the page to be taken to the support page. You can create and track your support tickets there.

I’d usually like to say a bit more about the business interests, either genuine or alleged, behind BitBoots at this stage however this is made more difficult by the fact that it’s still currently a work in progress. For example, as I explained above BitBoots is just one aspect of a bigger umbrella company known as Grailum Ltd. Grailum is also the name of the company’s own crypto-currency, however this hasn’t officially been launched yet. The idea is that it’s going to be traded like any other currency, though how that works out in practice really is anyone’s guess! But other than that BitBoots are linked to a crypto-currency exchange service under the name DimeBoot and a crypto-currency wallet called BitStach. I cannot independently vouch for or give personal recommendations for either service, they may be profitable ventures in their own right, I wouldn’t know, it’s just that any “legit” business tied to an online HYIP is going to be in trouble as soon as the cash flow slows down in the main investment program. For what it’s worth the program, or rather the “parent company” Grailum Ltd is a registered business in the UK. Don’t overestimate the importance of this however, it might look good to impress the newbies but the reality is that anyone can register a company there anonymously and online.

I think the fact that BitBoots is launching as we near the end of an overdrawn slow season could turn out to be quite beneficial for a program of this nature. With the potential growth looming in front of us, and let’s face it things can’t really get much lower, a slow and steady start is what’s needed here between now and Christmas. We’ll know a lot more about how BitBoots intends to establish itself on the HYIP market during that time. If you are looking to join early though just remember what it really is and treat it like any other HYIP. Set yourself a sensible spending limit that you can afford to lose, and try and keep BitBoots if you have anything there as a smaller part of a wider more diverse portfolio.

If you’ve already come to a conclusion about BitBoots then perhaps you wouldn’t mind sharing your thoughts with your fellow MNO readers. Are you more or less likely to join BitBoots after seeing the extent of their operations? Please answer the following opinion poll question, which is 100% anonymous and untraceable, as I think it will be interesting to look back on the results in the coming weeks/months when we have a better idea what direction BitBoots is going in. It will also demonstrate to HYIP admins (and not just this one) what investors expectations and standards are before joining a program. So:

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DAILY NEWS FROM THE HYIP INDUSTRY

COINFINANCE INTRODUCTION

CoinFinance has become the latest program to be added to MNO’s Premium List earlier this week. It comes to my monitor after only a week online and at first glance the site looks pretty well-made. Depending on the size of your investment which can start from just a $10 minimum your account in CoinFinance will be credited with 3% to 5% every business day (Monday to Friday) over a period of 70 business days. The investment term therefore stands at 14 calendar weeks during which your net profit will be 210% to 350% as your initial investment is then returned separately on expiry. CoinFinance works exclusively with crypto-currencies so you may invest with BitCoin, LiteCoin, Ethereum, BitcoinCash, Dash, and DogeCoin. Your investment will convert to USD on deposit and withdrawal, so your real profit value will be also determined by the crypto-currency market volatility, so keep that in mind when investing as your potential interest in BTC could be higher or lower depending on the day-to-day exchange rate. On the plus side, all withdrawals to BitCoin, LiteCoin, and DogeCoin lower than $500 should be processed instantly, while requests to other crypto-currencies and over $500 are paid manually by the admin within 24 hours. So far all my withdrawals to BitCoin have been instantly processed so I’ve therefore moved CoinFinance to Paying status on the MNO monitor with a more detailed review scheduled for Monday.

As CoinFinance is running off a licensed GoldCoders script experienced HYIP investors won’t have any issues when browsing the member’s area, making a deposit or requesting a withdrawal. Everything seems to be running smoothly with the site being fully SSL-secured by a GeoTrust EV certificate and hosted on a dedicated server with support and protection against possible DDoS attacks provided by DDoSGuard. The company behind the website has been properly incorporated in the UK and the website features a UK based phone number which along with the Live Chat and and extensive FAQ section will help you if you have any further questions. There’s a payment proof page where you can see all the withdrawals in real-time and a “bounty” program rewarding active promoters for their efforts in spreading the word about CoinFinance online. Everything looks to be in place and the website has been tested by me and a few of my referrals already as CoinFinance will most probably be a popular choice among my readers once the new HYIP season is in full swing. Stay tuned for more information on CoinFinance in the upcoming review on MNO and for now I will leave you with the welcome message posted by the admin on his program’s launch:

“WELCOME TO COINFINANCE LTD!
We are happy to announce the launch of our managed cryptocurrency trading platform!
From today, we give you a unique opportunity to participate in the cryptocurrency trading market without the extensive knowledge about this field of market. Our professional and experienced team of traders and analysts will take care of your crypto assets.
All you have to do is make an investment with us and you will earn anywhere between 3% to 5% daily for 70 business days, where the interest rate depends on the amount you entrust to our traders. Starting with as low as $10 USD you can fully enjoy the benefits of CoinFinance.
All settlements on our platform will be carried out using Bitcoin, BitcoinCash, Ethereum, Litecoin, Dogecoin and Dash.
We invite you to familiarize yourself with our offer and a very attractive partnership program!
If you have any questions, please contact our support using live chat, ticket system or by reaching our office phone line.
Best Regards, COINFINANCE LTD”.

GET PAID REPORT FOR 13/09/2018

Here is the list of the programs from my monitor that paid me for the last 72 hours:
From MNO Sticky list: –
From MNO Premium list: InstantBitex, InstantMiningLimited, LuxEarn, CoinFinance (the first instant payments received), BitBoots (the first instant payments received).
From MNO Standard list: –
From MNO Basic list: ArbingSportBet.

That’s all I have to report for today, guys. All the programs from the MNO most expensive Premium List are paying like clockwork, so there is nothing really to talk about there right now. Remember that unlike other monitors that accept all kinds of cheap scams MNO is aimed exclusively at high-grade investment opportunities with experienced admins at the helm. And although things in the HYIP industry are still far from being rosy the interest from HYIP admins is still there and they are still planning to launch new and exciting projects as soon as they think the right moment has come. As an example, just yesterday I was independently contacted by two highly skilled admins who have both run big and profitable programs in the past. Both are thinking of the best way to launch their programs and both are discussing possible advertising options on MNO. So in order not to miss anything exciting this autumn season please do yourself a favour and subscribe to the blog articles to be delivered to your email address and follow MNO on Telegram, Facebook, and Twitter for all up-to-date announcements. I’ll be also pleased to answer all my readers’ questions regarding the monitored programs and general state of things in the HYIP industry (a question related to that is still open for your votes on the MNO TalkBack page for a few more days). You can contact me either directly at abramsonp@gmail.com, or submit your query over the Contact form here, or just chat with me in live mode on Telegram @mnoblog. Thanks as usual for staying with MNO and I hope to talk to you again on Monday when the newly added CoinFinance is going to be reviewed in detail and any other the news or possible new additions to my listing will be posted as well. Stay tuned and see you again on MNO – For Money Lovers!