Bitqwik Review – Legit Or Scam?

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

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 Bitqwik – I want to give you an unbiased opinion.

Is it a scam? Can you trust Bitqwik?

Read all about it in my Bitqwik 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 Bitqwik.

Let’s carry on.

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

What Can You Tell Me About Bitqwik?

On the official BitQwik website, you won’t find any info in regards to who’s running the company, where it’s based out of, when it was founded, etc. The BitQwik site is about as faceless as they come, and this is never something I’m a fan of seeing in the MLM world.

BitQwik’s domain name (bitqwik.net) was initially registered on June 23, 2017, but since the registration was done privately, there’s no way of knowing who the owner of the domain is or where the registration physically took place.

After doing more research into BitQwik, I was able to find a marketing video for the company that’s being hosted on the opitimusX YouTube channel — a channel that’s owned by known MLM scammer Sherm Mason.

Mason was first spotted in the MLM underbelly when he was acting as the admin of Magnetic Builder. Magnetic Builder first got started back in 2011, and it acted as a recruitment scheme where affiliates had to pay $29.95 to get started.

Throughout the year of 2015, Mason created and launched Paradise Payments, Magnetic Gratitude, Summer Fun Matrix, 3×9 Millionaire Machine, and Instant Pay Christmas — all of which were cash gifting or Ponzi schemes.

Following that up in 2016, Sherm Mason launched Elite Pay Alliance, 5 Dolla Money Lines, Adstraordinary, and Cash Rally GPS.

So far in 2017, we’ve seen Mason pop up with Easy Odds, Just Got Bitcoin, 1 Big Bitcoin Team, and Stack My Bits.

To no one’s surprise, all of these opportunities have already collapsed.

Bitqwik Scam

Does Bitqwik Offer Any Products?

On the product line side of things, there’s nothing to talk about with BitQwik.

Not a single good or service is being marketed or sold to retail customers, and as a result of this, affiliates only have the affiliate membership to offer to people.

This sort of setup creates for a total lack of any retail sales activity, and in the MLM world, this is never a good sign.

What Kind Of Compensation Plan Does Bitqwik Have?

As for BitQwik’s compensation plan, affiliates are asked to gift bitcoin to one another through the use of a 4×6 matrix system.

Getting started with the matrix requires you to gift $10 of bitcoin to an existing affiliate within BitQwik, and once you do this, you’re eligible to receive $10 from four affiliates that are recruited into the matrix after you.

This is the same general process that plays out for all six levels of BitQwik’s matrix, and the remaining levels work out as follows:

  • Level 2 — Affiliates gift $3 and then earn $3 from sixteen other affiliates
  • Level 3 — Affiliates gift $3 and then earn $3 from sixty-four other affiliates
  • Level 4 — Affiliates gift $3 and then earn $3 from two hundred and fifty-six other affiliates
  • Level 5 — Affiliates gift $3 and then earn $3 from one thousand and twenty-four other affiliates
  • Level 6 — Affiliates gift $3 and then earn $3 from four thousand and ninety-six other affiliates

What Is The Cost Of Membership With Bitqwik?

If you’re for some reason interested in joining BitQwik, you’ll need to gift at least $10 worth of bitcoin in order to get started.

However, in order to fully participate in everything that BitQwik is offering, you’ll need to gift a total of $25 worth of bitcoin.

Should I Be Worried About A Bitqwik Scam?

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

Is there a Bitqwik 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.

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

Conclusion for Bitqwik

If this seems like a shorter review, that’s because it is.

BitQwik is an extremely simple cash gifting scheme, and chances are, you’ve seen a company like it time and time again if you’ve spent any duration in the MLM world.

Affiliates join the company by gifting bitcoin to other members, and by doing this, they’re eligible to receive bitcoin from people that join after them.

Sherm Mason will gather up the majority of all the cash that’s sunk into the company, and once recruitment activity eventually dies down, BitQwik will be on its way out the door.

Most people who get involved are guaranteed to lose out, so my advice is to steer clear of this one at all costs.

I hope you are finding the information in my Bitqwik 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 Bitqwik, 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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