Bit Phoenix Review – Legit Or Scam?

Bit Phoenix ReviewHave you been paying attention to all of the hype for Bit Phoenix?

If you told me someone had pitched the opportunity to you lately, this wouldn’t surprise me. It’s making all the rounds on social media lately.

Next, I want to tell you that I am neither an affiliate or distributor for Bit Phoenix – I want to give you an unbiased opinion.

Is it a scam? Can you trust Bit Phoenix?

Read all about it in my Bit Phoenix review so you can learn the full truth!

Does it deliver on the promises in the marketing materials?

Let me explain in my review of Bit Phoenix.

Let’s carry on.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What Can You Tell Me About Bit Phoenix?

 

On the official Bit Phoenix Solutions website, you won’t find any sort of background information about the company. There’s no mention of who owns Bit Phoenix Solutions, where it’s being run out of, when it was launched, etc.

The domain name for the site was first registered on October 10, 2017, but since the registration was done privately, it’s impossible to know where in the world it took place or who owns the domain.

With that said, it is worth noting that Bit Phoenix Solutions’ site showcases an incorporation number within the United Kingdom. However, after looking the number up, it showcasing an incorporation for BTC World LTD.

BTC World LTD was incorporated in April of 2016, and it was a Ponzi scheme that offered affiliates a daily ROI between 2% and 5% “for life.”

Unsurprisingly, BTC World LTD collapsed just a few months after in launched in mid-2016.

BTC World LTD was operated by Bogdan Kyrykchenko in Ukraine, and the UK address that’s used for the incorporation was simply taken from a mailbox rented by Company Foundation Made Simple.

Per Company Foundation Made Simple’s website, the business sells incorporation services throughout the United Kingdom for just 14.99 GBP.

There’s no info on Bogdan outside of the incorporation for BTC World, and based on this info, it’s safe to say that Bogdan is behind Bit Phoenix Solutions and using the business as a sort of reboot for BTC World.

Bit Phoenix Scam

Does Bit Phoenix Offer Any Products?

In regards to a product line, you won’t find anything to see at all with Bit Phoenix Solutions.

Not a single thing is being marketed or sold to retail customers, and because of this, there’s no chance for any retail sales activity to take place.

Affiliates for Bit Phoenix Solutions are left with only the affiliate membership to offer to individuals that might be interested in it, and that membership entails the following compensation plan.

What Kind Of Compensation Plan Does Bit Phoenix Have?

As an affiliate for Bit Phoenix Solutions, you’ll be asked to invest money so that you can earn a daily ROI between 5% and 10% “for lifetime.”

There are three main plans to choose from, and they include the following:

  • Plan 1 — Affiliates make an investment between $20 and $1000 to earn a 5% daily ROI
  • Plan 2 — Affiliates make an investment between $1001 and $5000 to earn a 7% daily ROI
  • Plan 3 — Affiliates make an investment of $5001 or more to earn a 10% daily ROI

Supplementing the direct ROI payments are referral commissions that get paid out to affiliates via a unilevel system.

Referral commissions are paid whenever an affiliate recruits another investing member into Bit Phoenix Solutions, with level 1 recruits earning 5%, level 2 paying 3%, and just 1% being offered on level 3.

What Is The Cost Of Membership With Bit Phoenix?

You can choose to join Bit Phoenix Solutions for free, but doing this will only allow you to earn on referral commissions. If you want to earn on these and the direct ROI payments, you’ll need to make a minimum investment of $20.

Should I Be Worried About A Bit Phoenix Scam?

Every business opportunity on the web has good reviews and bad reviews – so is Bit Phoenix really a scam?

Is there a Bit Phoenix scam or is this business legit?

If I am being honest, I’d say it’s not really a scam, but there are some important points to be aware of.

Learning the business weaknesses and having a strong marketing strategy is what will make you successful.

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Conclusion for Bit Phoenix

According to Bit Phoenix Solutions’ website, the daily ROI that’s being advertised is funded through “bitcoin trading bots.”

This is explained in greater detail with the following copy:

“For years our team has been working hard and finally we can present you our BitCoin trading bots named project Bit Phoenix.

Trading bots are sophisticated artificial intelligence algorithms that monitor the financial markets and look for opportunities to buy or sell assets in order to generate profit.

As of now we have four advanced trading bot units online.”

That might sound like an impressive setup to some people, but there’s absolutely no value or weight to anything being said here.

For one thing, there’s no proof or evidence that any of this is actually taking place. Bit Phoenix Solutions wants you to take it for its word, and considering that this is a faceless MLM opportunity that just launched earlier this month, I find that rather difficult to do.

Additionally, the offer that’s being made just dines’t make sense. If there really were trading bots that could generate a 5% to 10% daily ROI, why would Bit Phoenix Solutions offer other people to invest in the system? Why not keep it to itself?

At the end of the day, Bit Phoenix Solutions is just using newly invested funds to pay money owed to existing members. This makes the company a Ponzi scheme, and just like all other Ponzi opportunities before it, Bit Phoenix Solutions will collapse once investments cease to exist.

I hope you are finding the information in my Bit Phoenix Review helpful?

Some of the other reviews I saw had very little details, so I am hoping I gave you everything you need here.

If you’re wanting to become a member of Bit Phoenix, make sure you take the time to develop a marketing strategy.

And, my FREE training below will help you do that and make money!

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

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