SnapBots is a trading and investing platform where new investors simply have to invest to earn a promised ROI each month. The returns that are made are done through the company’s trading AI bots.
The company also has an additional way to earn more money through their referral compensation plan that earns on new member’s investment and their returns.
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Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
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The company website doesn’t offer any information about who is running it or about the owner.
The company itself says that they are a type of cryptocurrency wallet that they call “Snap Wallet” that is supposed to support several cryptocurrencies like BTC, LTC, ETH, USDT, and SNAP coin which is their own coin.
The members of SnapBots “according to the company” have the choice of 3 different trading strategies within Snap Wallet, but can also hold. The trading within the wallet happens 24 hours a day.
The company also has its own cryptocurrency wallet called SNAP Wallet that acts like a traditional cryptocurrency wallet on the market like Coinbase for example.
The wallet will give you the ability to upload and hold various cryptocurrencies, stake, and also earn.
The wallet is where you will have the ability to convert your SNAP over to BTC or a different Cryptocurrency to send to your regular wallet outside the company.
The wallet is also where you will send your investment to join the opportunity.
All members have the promise of earning a good ROI when investing in their SNAP coin over time.
Additionally, the company also promised a monthly return on your investment of 2% to 5%.
This would be part of the SnapBots compensation plan that involves investing and returns.
When digging online to try to find out who is running the company, I came across a profile listing on LinkedIn that says that Bernard Ong is the CFO of SnapBots.
The listing says that the listing was created in Singapore which tells me that that is where Bernard is from.
Additionally, I found that Bernard was the “CEO” for Torque Trading which was a company that collapsed due to being a money game that offered no real trading and the only profit that was being produced was from new member’s investments.
SnapBots Referral Program
For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.
The same model is applied on the SnapBots site. After a successful sign up or registration, you proceed to login to be enable to share your referral link, make new membership and earn a referral bonus.
- The first level of your unilevel will only have your personally recruited/referred members on it.
- The second level of your unilevel will only have members that your level 1 people personally recruited/referred on it.
SnapBots Sign up
The minimum cost to join SnapBots will require a 1000 SNAP coin fee. The fee will require the amount equivalent to USDT coin.
SNAP is valued at .85 cents compared to USDT which USDT is equivalent to $1 at the time of writing my SnapBots review. This will get converted to SNAP coins when you join.
Is SnapBots Legit
SnapBots was launched shortly after the collapse of Torque Trading which would tell me that SnapBots is a reboot in some way.
Another reason why I am assuming it is a reboot is that many of the same “executives” or people that were listed on the Torque Trading company website are the same in SnapBots.
It appears like they are trying to hide that fact but when you do some digging, you can clearly see the similarities between the 2 companies.
After looking through all the details that I just shared with you, I think that it would be best to make your own judgment on whether you think SnapBots is the right opportunity for you or not.
Is SnapBots Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think SnapBots is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of SnapBots on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.
This SnapBots Review Article isn’t aimed at defaming SnapBots nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this SnapBots review.
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