Bitcoin Forum

I was just wondering, I recently found this site from another forum, I refistered and received a 20€ bonus it says I can gain profit from it then I can withdraw it. Does anyone ever tried this? Can you guys please clarify this to me if that site really works or is it fraud?

Yup me too
I get the Bouns 20€ but after invest the bouns
then can I withdraw it or not ???

can't withdraw the bonus
ill try but can't withdraw my bonus

Bonus can't withdraw but I think we can invest and make profit with that money. The minimum withdrawal is 20 euros.

I found some info on this program in google here - http://thebot.net/threads/recyclix-com-bonus-20euro-new-revolutionary-rev-share-earn-25-50-real-company.315719/

So
if I invest and make profit with that money 20€ bouns then can I withdraw ???

Do we need to invest before we can withdraw the bonus?

dont invest your money  :o
if cant withdraw first why you need to invest then you can withdraw

I'm asking only if I have to invest to wirhdraw the profit from the 20€ bonus. I'm not planning on investing. If I have to throw in some monwy then I'll leave the site. I'm not going to put my money in this. I just want to know.

As I said, we can't withdraw their bonus but you can invest 20 euro in any plans and wait until your profit reach to minimum withdrawal limit and see whether you can withdraw or not. I didn't test this out but gathered information in google.

I think that relatively big bonus to start is here only to "catch few people and steal their money". Who will give you 20 dollars for nothing ? They only want invests from you, when you are hopeful of about free 20 dollars.

Guys, please read ToS, FAQ and find video guide at youtube.
If you wanna get profit without investing, you have to go more then three full cycles. It's about 15 weeks.
It's easy to understand, just look at the picture.
http://s020.radikal.ru/i701/1507/75/9d85ac7157f1.jpg

15 weeks . before 15 weeks site will not paying all user , its mean 99,99% SCAM

It doesnt work because you cant reinvest your 20 Euro Bonus after the first cycle (Account Balance and withdraw Balance are two different accounts and you can only send min. 20 Euro to the account balance!

This is clearly a Ponzi scheme, check the small print:


This means they use your money to pay out to other 'investors'.

That they promote the usual referral bonus scheme is another red flag too.

Just a little note about Recyclix: I wrote them to offer my services as a translator and after accepting my quote they paid me in full in advance.
Doesn't mean they're not a scam, but you don't see many companies acting this way these days :)

More info, more clarity, why its not on their site who knows...

It does put a more positive spin on things...

http://www.ibosocial.com/Cultra/pressrelea...spx?prid=467230 (http://www.ibosocial.com/Cultra/pressrelea...spx?prid=467230)

http://www.money-monitor.com/article/view/slug/recyclix-interview#.Vho2AvmqpBd (http://www.money-monitor.com/article/view/slug/recyclix-interview#.Vho2AvmqpBd)

The first link is broken, but thanks for the second one :)

They recently wrote a pretty long story on their website (https://recyclix.com/news/one-day-from-recyclix-life (https://recyclix.com/news/one-day-from-recyclix-life)), but I also believe they never even thought about giving proof of their existence for the mere reason this is a typical worry of the crypto world.

Anyway, due diligence before investing is always a must, wherever you want to send your money :)

Yes the bonus is only to attract more new money from the members. You can't withdraw that bonus amount without investing your fresh money into. It is completely hyip ponzi.

That's wrong, the bonus can be invested without sending any money there. You will need to do 3 complete cycles to withdraw the full bonus and some little profit over it.

No, it does not put a more positive spin on things. That money-monitor website is just a Ponzi promo service, no different from the, equally shilly cmmonitor.com 'cloud mining' monitor.

Recyclix explicitly state in their T&C's they are paying users out with other users funds.

Which part of that confuses you? It is a ponzi-based scam, their small print tells you it is a ponzi-based based scam.

This isn't rocket-surgery, people. Use your brains.

with the bopnus of 20€ i earned now after LOOOOONG time 4 €....................



kind regrads

im done with the 2 cycles,,, 1 more cycle and i can now withdraw my earnings...

i will update it guys,,wish me luck

How long does it take to reach the 3rd cycle? I forgot which cycle I am. If I am correct I'm between 2nd or 3rd cycle. I only have £5 as a profit tho.

I just saw a news from them. So recyclix does have a registered company. Is this still considered as investor-based games or hyip?


https://www.facebook.com/recyclix (https://www.facebook.com/recyclix)

A full cycle is 5 weeks (3 weeks to turn waste into ground material + 2 weeks to turn the ground material into granules).

To get the return on investment (or grab the full 20 EUR bonus with some profit added) you need to perform 3 full cycles (=15 weeks).

You can find a calculator here: https://recyclix.com/calc/ (https://recyclix.com/calc/)

It is a Ponzi, that's why it is in 'Investor-based games' sub-forum, on the basis that the only 'investment' going on is in the idea that you might be able to eventually withdraw your funds with a profit off the back of other suckers coming later to the scam, before it eventually collapses.

Is this site paying?
Any one here received payout?
Thanks

I already received payments from them in the past. I will be able to withdraw again within 3 days and I will post the tx ID here :)

if most of us have never heard of it, or you cant find a discussion anywhere, dont bother.

also dont be tempted to try a new site, let others take the fall before you do.

Don't trust into this site. Looks like a scam too me :P

These cycles sounds to take along time to complete. I don't like to keep investments in their programs for look. This always ends up with them collapsing and you losing your long term investment being gone as well. Then who to complain to when you have lost, no one. OP just doesn't come back to forum and abandon their accounts so they don't care for their accounts being bombed and negd.

im finished with the 3 cycles just today  and im ready to withdraw..i will post here if they are really paying.

by the way i have 3 accounts that finished the full 3 cycles..

hope they will pay me

I tried to make a w/d.
Seems rules have changed!
'For security reasons,w/d are available only for those who have made a deposit'......is the message I get.
Do not know if they pay even after a deposit.
Looking farward for more feedback.

Evidence or retract.

This discussion thread even had a newbie-account shill turn up and try claiming he was a customer and that they are a legit operation, because that's not suspicious AT ALL. https://bitcointalk.org/index.php?topic=1128611.0

Maybe this newsletter can explain the reason why you can't withdraw:
https://recyclix.com/news/recyclix-news-in-november

Being a Europe-based company, they need to comply to UE tax laws and all investors must provide their identity.

I was able to successfully withdraw 30 EUR so far.

I have about 500 EUR skin in the game. Time will tell if I will get paid with profit in the end or not.

Like I said just try with free money ;D you don;t have to invest anything just wait and click the recycle buttons for a while until you have done all 3 cycles then you can withdraw

cant withdraw my earnings,it says that you must have an actual deposit before you can withdraw.

3 accounts with 21.80 euro are useless.

Give the evidence that this scheme is legit, as you have already claimed has been proven, or find yourself heading towards marked scammer territory.

Your continued shilling for this scam and readiness to throw around empty claims about how it has been proven legit, is highly suspicious.

That a scam pays is not evidence it is not a scam. That's ponzi bullshit 101.

I jist reached the €20 min. payout after waiting for the profit from the free €20 . So it requires to have a deposit before being able to withdraw. Min. is €20. I thought no investment needed? :D

ive waited 3 months to reached the minimum payout,but i was shocked when i cant withdraw my earnings.

this recyclix is a piece of shit..you waste my time  >:(

If we were to deposit,any one knows the minimum deposit required?

Have you done the 3 cycles yet? If you have done it, you can withdraw it ;D 3 months is about 2 cycles and that's not enough

my 3 accounts has already 21.60euro each and its ready to withdraw, i have reached the minimum payout which is 20euro..so tell me do i need to recycle it again?

I don't know... you created 3 accounts so maybe they found out that you cheated?

all withdrawal using bitcoin and paypal has been change..if you wanna withdraw using pp or btc you need to deposit first,,minimum deposit is 20 euro.

i already send them an email regarding it,but until now they have no reply to my concern.

Ok...I'll wait for your update once you get a reply from their support.

Me too. Will wait for your update. It used to be a free way to earn money... I must be too late for this  :-\

so heres the  message they sent to me,

Hello,

In order to comply with international AML (Anti-Money Laundering) and KYC (Know Your Customers) financial regulations, Paypal and Bitcoin payments are only available to users who have used a bank account or a valid credit card in their name to deposit to their Recyclix account. I am very sorry about your situation, if you have a debit/credit card you can withdraw the money via Wire Transfer. Thank you for understanding.

Once your identity is established by a card or bank deposit, you can then withdraw through a verified Paypal account in your name if your country has no restrictions on incoming international EUR personal payments.

Best regards,

LaTanya, Customer Support Specialist
Recyclix.com
E-mail: usa@recyclix.com
Visit us at: www.recyclix.com
Join us on Facebook: https://www.facebook.com/recyclix

Go Green -Start Recycling - Create Revenue

the problem is i dont have any credit card or bank account.

so im done with this recyclix i must move on.

Thanks for the update.
Its obvious that its scam and so all these payout restrictions.
I'll surely deposit nothing here.

As announced a few days ago, here is the transaction ID for my withdrawal:
https://blockchain.info/tx/9e68a7ff462b02bb3cc3fd9f35b40d19449be0ebd22afc7882600bcd8049955e (https://blockchain.info/tx/9e68a7ff462b02bb3cc3fd9f35b40d19449be0ebd22afc7882600bcd8049955e)

https://i.imgur.com/2zffIlA.png

the big question now is whether you need to verify yourself with some kind of credit card or bank account?

Nope, they didn't asked my anything for this withdrawal.
I did a 100 EUR worth BTC deposit on their website in June and the only thing they asked me until now is to confirm my email address.

10 days til I can withdraw and let's see whether I can withdraw with free money or not ;D

one more recycle to my 3 accounts after that i will give those accounts to anyone here.

What do you think they do with the accounts that are useless for youself?

not really scam. you can make a withdrawal via wire transfer even you did not make a deposit.

but in order to withdraw via bitcoin and paypal you will have to deposit a minimum of 20 euro

Ok..but what if they don't pay even after our investing some funds?
No one here seems to have deposited in order to make w/d and been successful.

I contact support and they were saying just withdraw on bank wire if you don't trust this. I've waited for months and I get nothing. My bank don't support wire transfer.  :'(

If they can make payout to bank,without the need of our deposit,its still fine.
At least some can go for it.
But the thing is we need to give our bank details to them.











i

Here you can read more about this "Service":

https://bitcointalk.org/index.php?topic=1128611.0

My advice: STAY AWAY!

Thanks for sharing the link.
Just read your posts there and appreciate your personal efforts to try to expose the legitimacy of the site.

I just came across this website and am yet to register. Is it worth getting the bonus of 20 Euros and then withdrawing the profit via bank wire? How many days does it take to earn enough profit?

It takes about 5 months I think to be able to reach €20 from the bonus €20.

OK thanks. The time is not an issue as it's free cash but has anybody withdrawn this amount successfully without investing any money? The site is already online since 6+ months so I guess it's reliable but want some feedback.

That isn't the correct logic to use.

The longer these HYIP Ponzi-based schemes are active, the closer they get to their inevitable collapse.

Yeah true but sometimes these HYIPs shut down in a month or two. When I invited in an HYIP website, it turned scam within a month and then went offline the next month. The fact this website is still online means the owner is still controlling its expenses.

this site recyclix no doubt is a scam site. have tried before nothing happened.

You didn't get the point. In short - it is not only about you. It is aboout all community. The longer it runs, the more money will be stolen.

Check this: https://en.wikipedia.org/wiki/Bernard_Madoff

yeah but how when it says like this : Units are available for purchase as soon as your initial quota of 5000kg is exceeded. There is no economic sense in purchase equipment before reaching your initial waste limit first.

I use recyclix, you can make good money if you know what your doing!

What do you mean? TO recycle as much as possible? :D

how much you earn ?

Sorry for my bad english.

You can find proofs of payment on that french site :

http://netbusinessrating.com/fr/fiche-14517-recyclix

It's a "true" site, you can believe the members.

i invest 250euro and wait for 5 weeks.and u get 14% after that..better invest in mining site lol ;)

Proof of payment is not proof it is not a ponzi-based scheme. All scams have to pay out something otherwise nobody would be suckered in.

That review site has plenty of comments questioning the legitimacy of this operation and the 'positive' comments are just the typical responses from fools who are ignoring the red flags which all point to Recyclix being nothing more than a Ponzi/Pyramid/Referral scam.

Sorry for my bad english.
Perhaps, anyway, netbusinessrating is a site of trust.
But yes, it's obvious that we have here a ponzi.

Thank you for question and for this forum. I invested 1500Eu in Recyclix, it works fine.
So I created blog about expierence with Recyclix: www.myexpierencewithrecyclix.com
Good luck.

wow that's a huge sum of money, i might take a look on that site, seems interesting

btw how's your withdrawal with bitcoins? you didn't mention a thing with bitcoin on your blog

CSB, made a new account and 'specially' posted this.

Seems there is still some doubt about this site, let me make it clearer to understand:
Public Service Announcement -
This is just another Ponzi Scam
Do Not Invest!

Those who choose to post of their participation
support or encouragement for this scam will
be tagged with negative trust for proving
they wish to help the scammers operate this
Ponzi in return for a share of the funds stolen
from other users. Thereby proving they are not
trustworthy forum members.

YOU HAVE BEEN WARNED!

I already tried this site long time ago.
But after some time after investing the $20 bonus I only got $10 back.