Piggy Bank provide no information on their website about who owns or runs the business.

The Piggy Bank website domain (“piggy-bank.io”) was privately registered on June 2nd, 2017.

Despite this, Piggy Bank claim its “history … goes back to the year 2000”.

Alexa traffic estimates reveal Piggy Bank in its current incarnation launched a few weeks ago in early January.

A UK incorporation corresponding to “Piggy B. Limited” is provided on the Piggy Bank website.

Piggy B. Limited was incorporated through a residential address in London on June 6th, a few days after the Piggy Bank website domain was registered.

Bruce Whatley is listed as the sole Director of the company and presumed not to exist.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Piggy Bank Products

Piggy Bank has no retailable products or services, with affiliates only able to market Piggy Bank affiliate membership itself.

The Piggy Bank Compensation Plan

Piggy Bank affiliates invest bitcoin on the promise of an advertised “guaranteed profit”.

  • invest 0.001 to 4.999 BTC and receive a 3.12% dailyROI
  • invest 5 to 7.99 BTC and receive a 3.36% daily ROI
  • invest 8 to 12.99 BTC and receive a 4.32% daily ROI
  • invest 13 to 100 BTC and receive a 5.28% daily ROI

Note that Piggy Bank investments do not expire. A 7% fee is charged on affiliate withdrawals.

Referral commissions are available on funds invested by downline affiliates, paid out down two levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 2%

If a Piggy Bank affiliate qualifies as a “Representative”, referral fees are increased to 7% on level 1 and 3% on level 2.

Piggy Bank do not provide Representative qualification criteria on their website.

Joining Piggy Bank

Piggy Bank affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the Piggy Bank MLM opportunity requires a minimum 0.001 BTC investment.


Piggy Bank represent they generate external ROI revenue through cryptocurrency mining.

Cryptocurrency mining with Piggy Bank Limited give a real possibility to earn money on the basis of minimum deposits.

There is no evidence of Piggy Bank engaging in cryptocurrency mining or using external revenue pay affiliates a daily ROI.

The only verifiable source of revenue entering Piggy Bank is new affiliate investment.

Using newly invested funds to pay existing affiliates a daily ROI makes Piggy Bank a Ponzi scheme.

As with all Ponzi schemes, once affiliate recruitment slows down so too will new investment.

This will see Piggy Bank starved of ROI revenue, eventually resulting in a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.