Bitcoin Penny Auction Review – Legit Or Scam?

Bitcoin Penny Auction ReviewRecently, Bitcoin Penny Auction has been getting a lot of hype on the internet.

I have had people pitching this one to me on a near daily basis, in fact, and I have seen it making the rounds on social media as well.

I want to make it clear I am NOT promoting this business opportunity as an affiliate or distributor in any way.

I have done all my research in this Bitcoin Penny Auction review do you can learn the honest truth and decide if it’s right for you.

Is Bitcoin Penny Auction a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review Bitcoin Penny Auction.

Let’s get started.

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Seriously, What Is Bitcoin Penny Auction?

According to the official website for Bitcoin Penny Auction, the company was founded by a Ton van Houten who is currently serving as the business’s CEO.

This information lines up nicely with what’s stated on the domain name registration, so Bitcoin Penny Auction gets this right at the very least.

Ton van Houten is reportedly located in Gouda over in the Netherlands, and this is what’s stated on his corporate bio on Bitcoin Penny Auction’s website —

“Through the years he has developed himself into a specialist regarding Internet and has followed several courses, which led to his extensive online experience. In the past Ton has several positions, among as a director for a Dutch based search engine.”

I tried to do a bit more research on Mr. van Houten, but I was unable to do so. This is more than likely due to language barriers between me and the man, and while it would have been nice to find addition info on Houten, this isn’t really anything that I can control.

Bitcoin Penny Auction Scam

What Products Does Bitcoin Penny Auction Sell?

In regards to the product line that Bitcoin Penny Auction has to offer, this is where things start to go down the rabbit hold.

There is absolutely nothing being marketed or sold to retail customers, and in the world of MLM, this is never something that you want to run into.

However, if and when someone does decide that this is an opportunity they’d like to get affiliated with, they will then be presented with the opportunity to purchase into a penny auction platform.

Info On The Bitcoin Penny Auction Compensation Plan

Just what’s the deal with that penny auction platform though?

Essentially, affiliates buy into a plan and then get paid to recruit other individuals to join and buy into them as well.

There are tons of different plans to choose from, and they include the following —

  • Start Pack costs $5.50 and comes with 10 bids
  • Small Pack costs $11 and comes with 21 bids
  • Basic Pack costs $26.95 and comes with 53 bids
  • Bronze Pack costs $66.69 and comes with 131 bids
  • Silver Pack costs $132 and comes with 263 bids
  • Platinum Pack costs $508.75 and comes with 1050 bids
  • Diamond Pack costs $1237.50 and comes with 2625 bids

The amount of money that is earned through these recruitment commission is dependent on which level of your unilevel team you’re recruiting a member into and what pack they decide to purchase.

Personally recruited affiliates in level 1 earn you the most, and you’ll also get a bigger commission for getting your recruits to invest at the more expensive Packs.

How Much To Join Bitcoin Penny Auction?

If you’d like to see what Bitcoin Penny Auction has to offer, the affiliate membership itself is actually free.

However, if you’d like to increase your earning potential within the company, you’ll need to purchase one of the various Packs.

The real increase in cash only starts with the Bronze pack and above, so you’re looking at an added cost between $66.69 and $1237.50.

Seriously, Is Bitcoin Penny Auction A Scam Or Is This Legit?

As I am sure you have heard with most business opportunities, there are a lot of scams on the internet, and Bitcoin Penny Auction might be a scam with them.

Having read the review above, you might be wondering if Bitcoin Penny Auction is legit or completely a scam.

So, is it a scam?

Is Bitcoin Penny Auction a scam, or can you make a proper business with it?

Honestly, Bitcoin Penny Auction isn’t a complete scam, but there are definitely some things to be aware of (see the conclusion section).

Whether you decide to join or not, you really need to master your marketing and lead generation.

This is the only way you will be successful.

See below for help with making money online.

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Here’s My Bitcoin Penny Auction Final Thoughts!

Here’s a bit of copy from the Bitcoin Penny Auction website —

“It’s never done well before, combing a product, the Bitcoin, with a Penny Auction and unique guarantees.”

Bitcoin Penny Auction is trying to advertise bitcoin as a standalone product, but as you likely know, it ins’t. Bitcoin is a form of currency just like a USD or EUR, and as such, you can’t market it as a product.

Penny auctions are always unstable and risky setups, and combing this with the illegal trading of a cryptocurrency just creates for a whole lot of bad news.

However, that’s even without mentioning the compensation plan being used here.

In regards to this, Bitcoin Penny Auction is operating as a pyramid scheme. Affiliates are compensated for doing other more than enlisting more and more people to join the opportunity, and that just straight up doesn’t work in legit MLM.

Commissions will only be paid out as long as more and more people join and get involved with the penny auction side of things, but once this activity dries up, so too will the MLM side of Bitcoin Penny Auction.

This will result in the company starting to implode and shut down as a whole, and once all is said and done, most affiliates will end up losing out because of the way everything is structured.

Hopefully, you have enjoyed this Bitcoin Penny Auction Review.

I wanted to give you this in-depth review because there have been plenty of other Bitcoin Penny Auction reviews that don’t really give all the information you need.

If you do decide to join, I want you to be successful, so learn how to market yourself properly.

My FREE training below will help you market and earn money!

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