BitcoGate Review – But I’m Not Promoting It!

BitcoGate ReviewLately, this business opportunity has been getting a lot of hype on the internet.

People are hyping BitcoGate all over the place, including a lot of social media.

Has someone already pitched BitcoGate to you?

The first thing I want to tell you is that I am NOT promoting this business in any way.

I have complied all the facts about it in my BitcoGate Review so you can discover the truth for yourself!

Have you hear that BitcoGate is a scam?

That BitcoGate can’t deliver on it’s promises?

I will tell you all about it in my Review of BitcoGate.

Let’s get started.

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Exactly what is BitcoGate?

In todays’ review, I’m going to be taking a look at the MLM opportunity by the name of BitcoGate.

Right off the bat, BitcoGate doesn’t make a good first impression by any means.

There isn’t any info made available on the company’s website in regards to who owns it, where in the world it’s located, who originally launched the company, etc. All of this is relevant information that you should come to expect from any legitimate company’s site, so the fact that it isn’t present here is a bit worrisome.

Moving right along to the domain name registration, the BitcoGate domain (bitcogate.com) was initially registered on October 26th of last year (2016), but that’s all the info that is made publicly available. The registration was done privately, meaning that info on where it took place or who the owner is isn’t present anywhere at all.

All of this comes together to create for the sense that the person running BitcoGate is doing everything in their power to remain as anonymous as possible, and this is never something that I like seeing when conducting these reviews.

With this being said, I was able to find a promotional video for BitcoGate that’s hosted on the YouTube account with the name of “9jalatest Online TV.” This channel looks to be owned and operated by someone with the name of Nehemiah Webking – a man who’s based out of Lagos, Nigeria.

If Webking’s name sounds familiar, that’s because BitcoGate isn’t the first MLM underbelly scam he’s been a part of.

Prior to BitcoGate, Webking was seen promoting MM Global and ZarFund, with the former being a Ponzi scheme and the latter being a cash gifting scam.

BitcoGate Scam

Are There Any BitcoGate Products?

In regards to the product line that BitcoGate is offering, there’s unsurprisingly not much to talk about here. This is because BitcoGate has made the decision to not include any sort of real product line with their business model, and this is a move that only creates for trouble in the MLM world.

No product line in place means that retail sales cannot take place, and since there aren’t any goods or services being offered, affiliates are left with nothing more than the affiliate membership to market and sell to people who might want to sign up for it.

Can You Tell Me About The Compensation Plan For BitcoGate?

Moving over to the compensation plan side of things, affiliates for BitcoGate are tasked with gifting bitcoin to one another through the use of a 2×5 matrix system.

Affiliates get started with all of this by first gifting 0.02 BTC to someone who’s already an affiliate for the company, and once this payment has been sent off, that affiliate is then eligible to receive 0.02 BTC from two other members that join the company after them in level one of the matrix system.

This method and act of gifting money to a higher up affiliate and then earning a gift payment in return from other affiliates is the same general process that takes place through all levels of the matrix system, and the remaining levels work out in the following manner –

  • Level 2 of the matrix sees affiliates gifting 0.03 BTC in order to receive the same amount from four other affiliates
  • Level 3 of the matrix sees affiliates gifting 0.05 BTC in order to receive the same amount from eight other affiliates
  • Level 4 of the matrix sees affiliates gifting 0.2 BTC in order to receive the same amount from sixteen other affiliates
  • Level 5 of the matrix sees affiliates gifting 1.6 BTC in order to receive the same amount from thirty-two other affiliates

What Is The Fee To Join BitcoGate?

If you’re for some reason interested in what BitcoGate has to offer and would like to sign up as an affiliate for the company, you’ll need to gift at least 0.02 BTC to an affiliate that already exists within the company.

With that said, you’ll need to increase your gifting amount up to 1.88 BTC in order to fully participate in all five levels of the matrix system that BitcoGate has to offer.

Is BitcoGate Truly A Scam?

If you’ve been doing your research on BitcoGate, you may have heard from some people that it’s a scam, and from other’s that it’s totally legit.

After reading my review, you might not be sure for yourself.

So, what’s really going on here?

Is BitcoGate a scam, or can you make a legit business with it?

To be honest, I am not sure BitcoGate is a complete scam.

However, I did find a few things to be aware of before you join, which will help you to be successful if you join.

Also, see below for help with making money online.

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Read Here For My BitcoGate Conclusion!

Webking’s past experience with MMM Global and ZarFund make it quite obvious that this is a man who’s had experience in the MLM underbelly with scamming people out of their hard-earned cash, and BitcoGate is nothing more than Webking’s first attempt at making it big in the MLM underbelly on his own rather than an affiliate for a preexisting scheme.

The BitcoGate website indicates that the company is a “donation exchange platform where members voluntarily give donations and receive donations”, but in reality, this isn’t what’s taking place at all.

When you make a donation to someone, you aren’t expecting to get anything in return. In BitcoGate, affiliates gift money to another member with the expectation that they’ll receive payments in return.

This sort of activity is what we call cash gifting, and it’s not something you want to get tied up with.

The top of the matrix system being run has been preloaded by positons by Webking, meaning that he’ll be receiving the lion’s share of all the money that’s dumped into BitcoGate. Once recruitment activity slows down and the company starts to collapse, Webking will make off with the earnings and likely try his hand at another scam.

The no refund policy and use of bitcoin means that it’ll be virtually impossible to recover your money once you inevitably lose it, so your best bet is to steer clear of BitcoGate is not have anything to do with it.

I hope you have gained a lot of value from my BitcoGate Review.

I have found other reviews are scant on details, so I wanted to make sure you had everything you need here.

If you do decide to move forward with BitcoGate, I think the info I have given here will help you.

Moving forward, you need to take care of marketing yourself, which you can learn how to do with my free training. Click below.

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