Bitqyck Review – Legit Or Scam?

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

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 Bitqyck – I want to give you an unbiased opinion.

Is it a scam? Can you trust Bitqyck?

Read all about it in my Bitqyck 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 Bitqyck.

Let’s carry on.

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What Can You Tell Me About Bitqyck?

Bitqyck is one of the more interesting names I’ve come across in the MLM world, but it’s the title of the company in my latest in-depth review. Bitqyck appears to be based out of Texas in the United States, and as the name suggests, it operates in the field of cryptocurrency — a niche that’s been gaining quite a bit of popularity over the past year or so.

Sam Mendez is cited to be the co-founder of Bitqyck, but other co-founder names aren’t anywhere to be found. I wasn’t able to find any reasoning for this, but I did find it odd to say the least.

If Mendez’s name sounds familiar to you, that’s because Bitqyck is not the first time the man has been involved with the world of MLM.

The year of 2011 saw Mendez operate as the co-founder for May Shopping Genie, and after about six months of being unable to pay affiliates for their work, the company was quick to collapse around the middle of 2012.

A couple years later in 2014, Mendez hit the market once again as the co-founder of 15 Winks. 15 Winks offered access to a mobile dating app via a subscription, and two more years later (2016) saw the creation of Calorchi.

Calorchi is an opportunity that was centered around offering an e-commerce platform via cryptocurrency, but current Alexa rankings for the Calorchi website showcase that the company collapsed around the second half of last year (2016).

BitQyck Scam

Does Bitqyck Offer Any Products?

Taking a gander at the product line being offered by Bitqyck, there’s no proper set of goods or services being offered to retail customers. Instead, the only thing that the company is selling is access to the affiliate membership.

When someone does decide that they’d like to become an affiliate for Bitqyck, they are then asked to invest money into Bitqy — the official cryptocurrency that Bitqyck has created for this opportunity.

In addition to being able to invest in Bitqy, affiliates are also granted access to the Bitqyck e-commerce platform. I was interested in learning more about what this actually consists of, but at the time of the writing, there’s no concrete info available for this aspect of the company.

What Kind Of Compensation Plan Does Bitqyck Have?

Moving over to the compensation plan, affiliates for Bitqyck earn money by recruiting other individuals to invest their own cash in the Bitqy cryptocurrency. In addition to this, there is also money to be made by generating sales through the e-commerce platform that I previously mentioned.

There are three main “product options” that affiliates can choose to invest money into, and these product options are essentially just three levels of investment for the Bitqy currency. They include —

  • Product Option 1 — Invest $199 in order to receive $200 worth of Bitqy
  • Product Option 2 — Invest $349 in order to receive $400 worth of Bitqy
  • Product Option 3 — Invest $499 in order to receive $600 worth of Bitqy

Something that’s worth mentioning here is that only 80% of all commissions that members earn are paid out in real cash. The other 20% of the commissions being offered are paid in more Bitqy cryptocurrency.

Speaking of those commissions, affiliates are able to earn a 10% commission whenever they get someone new to join the company and invest their own money into the Bitqy currency. Furthermore, an additional 10% matching bonus is offered on personally recruited affiliates that get other members to invest money as well.

As for the e-commerce commissions, these are handled in a somewhat interesting manner.

First off, the affiliate that introduces a customer to the e-commerce platform and then makes a purchase is able to get 25% of that purchase value in Bitqy. Additionally, the affiliate that recruited the affiliate who’s a referring member is also able to receive 25% in bitqy.

Last but not least, the merchant on the e-commerce platform and the customer buying the product both receive 25% of Bitqy as well.

What Is The Cost Of Membership With Bitqyck?

If you’d like to give Bitqyck a shot, the membership itself is initially free.

However, if you’d like to be considered an affiliate for the company, you’ll need to either invest at least $199 or recruit another individual that does this.

Should I Be Worried About A Bitqyck Scam?

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

Is there a Bitqyck 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.

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Conclusion for Bitqyck

With Bitqyck, we’re looking at a company that appears to be nothing more than a rebrand/relaunch of Calorchi with a different type of cryptocurrency behind the whole thing.

Bitqy currently isn’t tradable on the public market (and likely never will be), so its implementation throughout the e-commerce platform makes little to no sense and doesn’t seem like it would appear at all to a normal retail customer.

There is the potential that you could earn some money by investing in Bitqyck, but that chance is very slim.

Furthermore, neither Bitqyck or the Bitqy currency are found anywhere in the Edgar database for the SEC.

And, since the currency is not publicly tradable, Mendez can essentially set the value of the coin at whatever he would like.

Recruitment is the name of the game for Bitqyck, with affiliates being enticed to invest money in the company’s cryptocurrency and then get other affiliates to join and do the same so that the value of the coin can go up.

This is the same setup that’s seen for pretty much every other MLM opportunity with its own form of cryptocurrency, and those companies usually don’t last that long before trouble starts to ensue.

From what I’ve seen so far, the final outcome won’t be any different with Bitqyck.

I hope you are finding the information in my Bitqyck 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 Bitqyck, make sure you take the time to develop a marketing strategy.

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

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