BitcoinEX Review – Legit Or Scam?

BitcoinEX ReviewRecently, BitcoinEX 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 BitcoinEX review do you can learn the honest truth and decide if it’s right for you.

Is BitcoinEX a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review BitcoinEX.

Let’s get started.

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Seriously, What Is BitcoinEX?

BitcoinEX is one of the most recent MLM opportunities to hit the scene, and unfortunately for this particular company, it doesn’t make a great first impression at all.

The official website for BitcoinEX doesn’t offer any info at all in regards to who owns the company, where in the world it’s located, who’s involved on the executive level side of things, etc.

All of this is pertinent info you’d expect to find on the website for any legit opportunity, so the lack of any background info here is quite telling of what kind of opportunity we’re dealing with. Only companies operating in the underbelly of the MLM world showcase such a noticeable absence of background info the way the BitcoinEX is, and that’s not a good sign at all.

The domain name for BitcoinEX was first registered on August 1st of 2016, but that’s all the info I was able to grab from the registration. There’s no mention at all in regards to when this took place or who the owner of the domain is, further creating for the idea that whoever is behind BitcoinEX is doing whatever they can to cover their tracks.

Upon visiting the BitcoinEX website, the default language is set to Spanish. Along with this, Spain is the largest source of traffic for the site as it accounts for 30% of all the hits that it receives.

Add these two things together, and it’s quite likely that the anonymous admin(s) behind BitcoinEX are located somewhere in Spain.

BitcoinEX Scam

What Products Does BitcoinEX Sell?

Taking a look at the product line that BitcoinEX is bringing to the table, there really isn’t a whole lot to talk about at all. BitcoinEX is an MLM opportunity that has made the move to not offer any sort of product line with their business model, resulting in an opportunity that has nothing at all to market or sell to retail customers.

This is a setup that isn’t uncommon in the MLM world, but it’s a setup that only ever exists with schemes and scams that exist within the MLM underbelly.

With no goods or services available to sell, affiliates are left with nothing more than the affiliate membership itself to market and sell to interested buyers. Once someone does decide to sign on as an affiliate for BitcoinEX, they are granted access to an online marketing course that BitcoinEX dubs as a “Human Empowerment University.”

Unfortunately, aside from the mention of the university’s name, there aren’t any available details in regards to what exactly it consists of.

Info On The BitcoinEX Compensation Plan

Moving over to the compensation plan side of things, affiliates for BitcoinEX are able to earn cash by investing their own money into one of three available packages that they have access to. Once money has been invested, affiliates are able to earn a commission by recruiting other individuals to sign up and do the same thing.

Upon signing up with BitcoinEX, you’ll need to cover a membership fee of $50. Following that, the three packages available to purchase include –

  • Bronze package for $250
  • Silver package for $500
  • Gold package for $1000

Package ROIs

ROIs are paid out for each of the three available packages, but the actual value of those ROIs differ depending on which package is invested in.

All ROIs are paid out over the course of 150 days, and the payout for each package works out as follows –

  • Bronze package pays out $1000 with a withdrawal limit of $500
  • Silver package pays out $3000 with a withdrawal limit of $1000
  • Gold package pays out $4000 with a withdrawal limit of $4000

Following the event that a package reaches its ROI withdrawal amount, the affiliate can choose to cash out their money, and this results in the package being canceled. Along with this, affiliates can also choose to keep earning an ROI amount for the full 150 days.

Direct Recruitment Commissions

As for direct recruitment commissions, affiliates are able to earn $5 for every $50 paid by new members when they initially join the company.

Residual Recruitment Commissions

Along with direct recruitment commissions, BitcoinEX also allows members to earn on a residual basis.

A unilevel, matrix, and binary system exist for these payments, further increasing the incentive for affiliates to recruit as many people as possible to join the opportunity.

How Much To Join BitcoinEX?

If you’d like to become an affiliate for BitcoinEX, you’ll need to pay an upfront fee of $50, and then invest either $250, $500, or $1000 into one of the three investment packages that the company has made available.

Seriously, Is BitcoinEX 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 BitcoinEX might be a scam with them.

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

So, is it a scam?

Is BitcoinEX a scam, or can you make a proper business with it?

Honestly, BitcoinEX 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.

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

Here’s My BitcoinEX Final Thoughts!

With BitcoinEX, the company is trying to sell the idea that revenue that’s making its way into the company is being generated through the use of mini and trading cryptocurrency.

However, due to the fact that there isn’t any concrete information provided on this process, the only identifiable source of income making its way into BitcoinEX is that of affiliate investments.

These investments are then used to pay off existing affiliates with ROIs and commissions that the company owes them, resulting in BitcoinEX operating as a Ponzi scheme.

However, when you also consider the heavily incentivized setup for recruiting more and more people to join the company, BitcoinEX turns into a type of Ponzi and pyramid scheme hybrid.

As both Ponzi and pyramid schemes tend to go, BitcoinEX will collapse once recruitment levels die down. This will result in existing affiliates not getting the money that they’re expecting, leaving only the anonymous admin(s) behind the opportunity to earn anything of real value.

Hopefully, you have enjoyed this BitcoinEX Review.

I wanted to give you this in-depth review because there have been plenty of other BitcoinEX 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!

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

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