Bitcoin5 Review – Good Opportunity Or Big Scam?

Bitcoin5 ReviewRecently, this business has been getting a lot of attention.

In fact, there is lots of hype and buzz going around including people pitching it left, right and centre.

I’ve noticed a lot of people pitching it on social media.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my Bitcoin5 Review so you can learn the full truth about it!

Is the business legit or a scam?

Does it deliver on it’s promises?

I explain in my Review of Bitcoin5 before you.

Let’s get started.

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What The Heck Is Bitcoin5?

Bitcoin5’s website looks good enough from a design point of view, and while it may be clean and relatively easy to navigate, it’s actually lacking a tremendous amount of content.

Nowhere on the website is there any mention of who owns Bitcoin5, who’s running the day-to-day operations, when it was founded, etc.

The domain name for the site was registered on March 28, 2017, but seeing as how the registration was done privately, it’s impossible to tell where it took place or who was behind it.

There is a corporate address listed over in Manchester, United Kingdom, but after looking more closely into it, it came to my attention that it’s really just an address for virtual office space that’s sold by Regus.

On that note, it’s also worth mentioning that Bitcoin5 was incorporated in the United Kingdom on April 3, 2017. A different, residential address in Manchester is used here, and Adam Bates is listed as the one and only Director.

I tried looking more into Bates, bur I wasn’t able to find any additional information on the man outside of the mention of his name with the incorporation. Because of this and the virtual nature of the corporate address, my guess is that Bates doesn’t actually exist and that Bitcoin5 might not have any true presence in the UK at all.

Bitcoin5 Scam

What Are The Bitcoin5 Products?

Simply put, Bitcoin5 doesn’t have any sort of product line to speak of.

Nothing is being marketed or sold to retail customers, and with no goods or services to choose from, affiliates only have the affiliate membership to offer to new people that are interested in joining the company.

The lack of a product line means that there’s no chance for any retail sales activity, and this is something that’s usually only seen with entities that exist within the MLM underbelly.

What About The Compensation Plan For Bitcoin5?

Should you choose to try out Bitcoin5, you’ll need to make an investment of at least 0.005 BTC in order to secure yourself a daily ROI that pays up to 5%. Bitcoin5 pays this out at a variable rate that ranges between 1% and 5% over the course of 20 days, and once those 20 days have passed, affiliates can then withdraw not only the money they’ve earned, but also whatever they initially invested.

In addition to this daily ROI, Bitcoin5 also allows members to earn on referral commissions.

Referral commissions are paid on funds invested by other affiliates you’ve recruited into Bitcoin5, and the company uses a unilevel system to organize these payments.

The amount of money you receive from Bitcoin5 for referral commissions depends entirely on how many people you recruit, and this is broken down into two main groups.

For affiliates that personally recruit less than 300 other affiliates, they can earn 8% on level 1 members, 2% on level 2, and 1% on level 3.

Should you somehow manage to recruit 300 or more affiliates into Bitcoin5, you can then earn 12% on level 1 affiliates, 3% on level 2, and 1% on levels 3, 4 and 5.

What’s The Cost Of Joining Bitcoin5?

In order to join Bitcoin5, you’ll need to invest a minimum of 0.005 BTC. You can choose to invest more if you’d like, and if you do, you’ll be able to earn more with the daily ROI.

So, Is There A Bitcoin5 Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a Bitcoin5 scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?

Is there a Bitcoin5 scam going on or is this legit?

Well, to be honest, Bitcoin5 is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

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Finally, My Bitcoin5 Review And Conclusion!

According to Bitcoin5, funds for the daily ROI come from “electronic currency transactions.”

Furthermore, the still anonymous admin for the company claims on the website that:

“Having gained positive experience at investing their own money and achieved considerable success in managing transactions for several large-scale partners, we have decided to open the door to the project’s opportunities for a large number of private investors with available funds.”

As you might expect from something along these lines, no evidence is provided to prove that these “transactions” are actually taking place.

The only real funds that are evidently coming into Bitcoin5 is that of affiliate investments, and because of that, newly invested funds are used to pay off existing ROIs.

In other words, Bitcoin5 is a Ponzi scheme.

As you’d find with all other Ponzi schemes, Bitcoin5 will only be around as long as people continue to join and dump money into the company. Once this dies down, Bitcoin5 will be on its way out the door.

The anonymous admin running this show will be the only one to earn anything of real value once all is said and done, leaving the majority of affiliates that join to lose out.

This is a story that’s quite common with all Ponzi schemes, and in the case of Bitcoin5, it won’t be any different.

Hopefully, you have found my Bitcoin5 Review useful.

I wanted to give a lot of details because there have been other reviews of Bitcoin5 which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

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

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