BitConnect Review – Legit Business or Big Scam? Learn Everything Here…
Welcome to my unbiased third party BitConnect Review!
There has been some buzz about this company so I decided to check it out for myself.
Chances are someone approached you about the business opportunity and now you landed here to make sure it’s legit…
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
What I need you to do next is PAY close attention and read this to the end because I reveal some shocking truths…
BitConnect Review – Company
Unlike established companies like Rodan and Fields, BitConnect doesn’t provide any information on who actually runs the show…
I decided to check out the BitConnect website domain information and found out that “bitconnect.co” was registered on February 9th, 2016 but it was set to private.
In other words…
I still couldn’t find any information on the ownership.
Next, let’s take a look at the products.
BitConnect Reviews – The Product Line
For some reason BitConnect doesn’t offer any retail products or services…
What you can do is join as an affiliate and market the Bit Connect affiliate membership.
BitConnect Compensation Plan
Inside of the BitConnect Compensation plan, you must invest bitcoin for a “daily profit” ROI inside of the company.
Once you do, Bit Connect converts the invested Bitcoin into pre-minded BitConnect coins through their internal exchange system.
After that, you can transfer your BitConnect coins to Bitconnect for a daily ROI:
- Invest $100 to $1000 and receive up to 40% a month for 299 days
- Invest $1010 to $5000 and receive up to 40% a month for 239 days plus bonus 23.9% ROI
- Invest $5010 to $10,000 and receive up to 40% a month for 179 days plus bonus 35.9% ROI
- Invest $10,010 to $100,000 and receive up to 40% a month for 120 days plus bonus 30% ROI
You can also earn referral commissions through a unilevel compensation plan structure.
If you don’t know what that looks like, check this out:
- Level 1: Personally enrolled members
- Level 2: Level 1’s enrolled members
- Level 3: Level 2’s enrolled members
Now having that said…
Residual commissions inside of this company is paid as a percentage of the funds that are invested like below:
- Level 1 (Personally sponsored members) – 7%
- Level 2 – 3%
- Levels 3 and 4 – 1%
- Level 5 – 0.5%
- Level 6 – 0.3%
- Level 7 – 0.2%
- Level 8 – 0.1%
- Level 9 – 0.05%
- Level 10 – 0.03%
- Level 11 onward – 0.01%
What Does It Cost To Join BitConnect
The actual affiliate membership inside of this company is free, but affiliates are required to invest anywhere between $100 to $100,000 to get paid in the compensation plan structure.
So does the BitConnect scam actually exist?
Let’s quickly recap here…
The company doesn’t provide any information on who actually runs it.
They are having you invest Bitcoin to buy BitConnect coin which is useless outside of the company…
They are promising ROI’s, but have no external income sources to produce those ROI’s…
So what is really happening here?
The truth is, it looks like newly invested funds are paying off existing members which makes it a ponzi scheme…
Once people stop sponsoring people in the company, the crazy ROI’s will stop as well…
Aren’t you glad you actually landed on this post and got the truth instead of getting burned by these anonymous owners?
I hope you enjoyed this BitConnect review and if you have any questions or concerns, please leave them in the comments below and I will gladly answer them.
My personal recommendation (totally optional of course)…
I have been in the network marketing field for a few years and have made well over 7 figure in this industry so I know what to look for when you join a company…
Anyway, after reviewing hundreds of companies and systems out there…
It’s the only system out there where you will learn step by step on how to build a business online with the right training’s, tools and the right mentorship
Don’t believe me?
Take a look at my recent results…
Better yet, take a look at my team members results:
You will thank me later 🙂
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