Everyone and their grandmothers have been joining the mining bandwagon recently. Reegbit.com is one of the new kids on the block when it comes to Crypto mining. The domain was registered on 2020-06-11 for just 1 year. Read on to see my unbiased take on the platform.
First Impression: Well as usual your boy here at ideasdome.com joined the platform to see what’s going on. My first impression was ‘Why does the website look so ancient?’ The outlook is so busy and very unattractive. Well, that doesn’t mean it’s a scam but it says a lot about the people running the platform. They’re not organized at all. I’m sure their rooms and personal lives look the same…lol. But all kidding aside, that Reegbit.com website needs an urgent overhaul. I’ll mail him to tell him but no one knows the founder of the platform. Now that’s a red flag.
But since this is an unbiased review, we’ll show the selling points too, if any.
Let’s begin
About the Reegbit.com platform
The platform appears to have founders from Russia and that explains the heavy reliance on the Russian Language. Reegbit claims to be a mining platform that presents users with the opportunity to make a consistent profit through jointly shared mining of Bitcoin, Spectrum, Litecoin, Ehereum, etc. It also allows you to buy mining equipment from Reegbit to earn even more. It’s not uncommon to find ads on the site about used Video cards for sale for mining and earning daily income. My issue is this: What guarantee does the buyer have that actual video cards will be launched on his behalf since he doesn’t get to physically use the device? You just have to trust Reegbit, right? I’m not sure I’m comfortable with this model.
Moving on
How to join Reegbit.com
You need a referral link to join the platform. You could join through Mail.Ru, Vkontakte, or your Google account. It’s not uncommon to be greeted first with an offer about purchasing a used Video Card (strange). Just click ‘View offer’ and then click ‘cancel’ if you’re not interested. When you join the platform you’ll automatically be awarded $50. But you can’t withdraw this amount. In my opinion, it’s just to bait you into joining the platform. So what can you do with a bonus of $50? You can buy one of the plans the platform offers. Depending on the amount you deposit on the platform you are assigned the following statuses: ‘ Beginning’ (this is the starting point); ‘Professional’ (Top-up from $50); ‘Gold’ (Top up your account with $200 or more). One thing I like about the platform is the different withdrawal methods available.
Reegbit Investment plans
Reegbit has 3 plans.
– To cloud plan
Entry fee $1-$1000 to earn 5% daily commissions (It’s an unsustainable ROI so I consider this a red flag too). If you have $1 to $2 for some experiment, you can start with this plan which the company claims will grant you cloud mining opportunities in the company. Although Reegbit makes joining the other more expensive plans very attractive because of the other perks that come with your upgraded status (professional and Gold status) such as higher profits and referral commissions.
– Invest in share
Entry fee $50- $1000 to earn 7% daily commissions (Remember that’s a red flag).
This plan helps you acquire shares in a video card – a video card that we don’t know exists. Hmmmn. Anyway, you can fund your account in addition to the bonus of $50 and use it to subscribe to this plan. That’s what I did. And let me be clear, I did it just for this review. I do not recommend this platform
– Invest in Video Card
If you subscribe to this plan, Reegbit claims they’ll get you a personal video card for extracting cryptocurrency and install it on the company’s mining farm. There’s no way to verify if they actually do this. The entry fee for this plan is $1000 to earn 8% daily.
Reegbit affiliate program
Reegbit also has a profitable referral program which I strongly believe is the true motivation of anyone promoting this platform. The website already boasts a considerable number of users who are spamming people with referral links everywhere, especially on Vkontakte, Facebook, Youtube, and Odnoklassniki website.
See the referral model used below
Final thoughts
Most of these mining platforms are scams. For your sanity, I do not recommend joining Reegbit.com. At the same time I won’t stop you if you feel you have the appetite for this sort of needless risk. Before we conclude this review let me also clue you in about a red flag that skips many. I’ve observed that most passive investment sites that shift attention from giving actual information related to their investment strategies and instead choose to harp on the benefits of cryptocurrency as a whole usually turn out to be scams. Reegbit talks too much about cryptocurrency and I suspect it’s using this as filler content. It even drags Samsung and Signature Bank’s good names into the discussion like it has something to do with Reegbit. Lol. We don’t care. Tell us more about your platform, don’t distract us with extraneous information. We see right through you.
This has been a Reegbit.com honest review
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