Here's an Exchange of Email from one I had when I tried to make a Withdrawal. Wha could go wrong? It's the "Most trusted", has an SSL Certificate (That "Secure" and Padlock you see in your Browser) and its Website looks very professional. But this turned out be reminisent of the 419 Email Scams a few years ago....
I have just made a Deposit from my Xapo Account for Plan A. It was for 0.06282749, sent to xxxx( removed for obviosu reasons) which I copied and pasted into the "Send" Page in my Wallet Account. I did this at 2017-01-13 10:51:59.
I've noticed that nothing is appearing in My Investments yet and it is now 12.10PM.
I have the Processing Page in (Bitcoin Wallet) in front of me where I got the above information.
How long does it take for a Transaction to appear in my Account here and have I done this right?
Will you send a confirmation Email once this has gone through?
Also, when do I know the Plan has been completed and do you do this on Saturday and Sunday - this being Friday?
Sorry if this seems like 20 Questions but this is the first Investment I have made with your Company and the first ever Bitcoin Transaction.
Hello, please send the screenshot of your transaction to us, then we will check it for you.
Please note, you should send the exact amount of bitcoins on your deposit page otherwise your deposit can not go into the plan automatically.
So I send them the requested Screenshot and it all looks hunky dory so far huh!
I checked my Account with them to see any Progress...
Firstly, thanks for processing and ensuring my Investment of $50 went through today at 07.32AM. I've just seen my Investments to check any Progress and notice that it hasn't generated any Profit. How does the 24 Hour Program work?
Do any Profits only show at the end of that Period, and because it is Friday and it ends on Saturday Morning will that affect the eventual Result? Also, will I be able to withdraw it once that has happened - even though it is the Weekend?
I am told not to worry and I reminded that I have a 24 Hour Plan. Then once the 24 Hours had elapsed sure enough there's $350 in my Account with them and I make a withdrawal of $250, after which I get an Email telling me it has been sent.... But
Thanks for the Email about my Withdrawal of $250 arriving at 14.38PM GMT. Nothing has arrived in my (Bitcoin) Wallet yet (it is now 16.40PM GMT). I realise that Bitcoin Payments can take a while to confirm as they travel through the Blockchain. Could you give me the TX ID so I can monitor its Progress?
(The TXID is the unique Code referring to any Transaction of Bitcoin which you can monitor as it travels to or from your Bitcoin Account)
I then got this.....
We have checked your account, you need to deposit $150 to activate your withdraw system once then your withdrawals will be processed instantly.
We use instant withdraw system this way to keep our pool active. You will get your withdrawals once you activate your withdraw system. Your new deposit will go into the plan, you can get profits from it, and you don't need to activate it again.
Please be kindly noticed. Thanks.
Hmmm, and People would ask you to send "Processing Fees" so they can send you Monies via the 419 Email Scam...
Anyway, I tried being optimistic and replied
This is a complaint I've read about with other BTC HYIP's. How many other Payments would I have to make before I can even access my original Deposit? There was no mention of this in your Email advising me of my Withdrawal Request. Who's to say that you will process any of my Withdrawal Requests? I'm afraid this is how BTC HYIP Companies get a Reputation for being a Scam. I'm sorry if this seems a bit terse but none of this is mentioned on your Website or any of the HYIP Monitors who promote you.
Could you deduct the £150 from my Balance to pay this? After all, it is Money I have earned via your Program and would consent to you doing this.
Hello, you need to do that because we use instant withdraw system this way to keep our pool active and our system can only work like this. But you just need to activate it once. Once you activate it, you can get all your withdrawals immediately.
In other words you need it to fund you Hot Wallet! (This is a Fund these Companies use to pay People when or if they haven't enough in the Kitty)
Does my Investment Yield actually exist? If so then by all means pay the $150 from that.
Also, in your Email you tell me my Money has been sent.
Hello, it is true that you only need to deposit $150 activate the withdrawal system, after activation, all your withdrawals will be processed immediately. and you just need to activate it once.
Hmm, looks like a repeat of their last Email. We continue......
But I've just won $300. Kindly pay that from my Account!
Hello, we don't allow to deposit funds from account balance, you should make deposit through your e-currency to activate your withdraw system once, then you can get all your withdrawals immediately.
In other words I give you real Money and I only have your Word that you will send me Money I haven't even seen!