Yet again another Ponzi scheme.
So I was looking for new sites to invest in recently and I found bitgrow.biz. At first site I thought it was legit due to it being a registered UK company but red flags went off as I saw the rates which are seemingly part of a Ponzi scheme as no real company offers these kinds of ROI.
REASONS I BELIEVE THIS IS A SCAM:
Their promotional video: simply put, this looks like it was bought for 5$ on fiverr. Furthermore, they show cloud mining gear in the background despite claiming that they are "professional" traders.
They're not popular: if this website was legit, paying and not a Ponzi, then it would be extremely popular due to its high ROI. Of course, this is a relatively new site but surely would be more popular if it truely did pay.
Some things I've noticed are that they offer a debit card to any investors with over 10 bitcoin deposited, this is highly unlikely as if someone has got 10 bitcoins invested wouldn't there be some payment proof?
Verdict:
From what I've seen, I class this as a scam or Ponzi. Obviously, you can do your own research and of more depth than I have but I think it's too good to be true. Despite, I may invest 0.001 bitcoin just for payment proof and to verify for sure that the site does pay.
One thing else:
They have been classed as a Ponzi scheme on this site.
Anyway, please reply if you know anything further about this site or have invested in it.