BitsTrades Review – Good Opportunity Or Big Scam?

BitsTrades 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 BitsTrades 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 BitsTrades before you.

Let’s get started.

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What The Heck Is BitsTrades?

On BitsTrades website, you won’t find a single drop of background information in the slightest.

Try as I did, I was unable to find any mention of who owns the company, when it was founded, where it’s located, or anything along these lines.

The domain name for BitsTrades’ site was registered a couple years ago on July 20, 2016, but because the registration was done privately, there’s no way of telling who the owner is or where the registration took place.

Thanks to the Wayback Machine, it’s apparent that the BitsTrades website we have today launched at some point over September of last year (2017). Before it, the BitsTrades site was being used to house an “index trading investment” scam.

Lastly, according to Alexa rankings, traffic to the BitsTrades site went on a decent increase in November of 2017. As such, this is likely when the current version of the company and its opportunity went live.

BitsTrades Scam

What Are The BitsTrades Products?

On the product line side of things, there’s not much to talk about with BitsTrades.

Nothing is being marketed or sold to retail customers, and because of this, there’s no way for retail sales activity to exist.

With no goods or services being sold, affiliates for BitsTrades are left with just the affiliate membership to offer to those looking to join a new income opportunity.

This is a theme I’ve seen a hundred different times while doing these reviews, and in most all cases, this is a sure sign that you’re dealing with some sort of underbelly scheme/scam.

What About The Compensation Plan For BitsTrades?

If you decide to join BitsTrades, you’ll go about buying BSS points that are pre-generated by the company owners for about 2.50 EUR per point.

Points are bought and sold between affiliates thanks to an internal exchange that’s being run, and after affiliates get their hands on so many of these points, they then lend them back to BitsTrades so they can get a shot at a daily ROI.

There are a few different investment tiers that you can choose from, and they all work out as follows:

  • Affiliates invest 100 to 1000 EUR to earn the ROI for 289 days
  • Affiliates invest 1001 to 2500 EUR to earn the ROI for 259 days
  • Affiliates invest 2501 to 5000 EUR to earn the ROI and 0.1% bonus for 229 days
  • Affiliates invest 5001 to 10,000 EUR to earn the ROI and 0.2% bonus for 169 days
  • Affiliates invest 10,001 to 100,000 EUR to earn the ROI and 0.25% bonus for 110 days

Referral commissions are also offered to BitsTrades affiliates, and while specifics aren’t mentioned, we can get idea of how this works thanks to the following marketing material:

“Our affiliate program helps you earn 10 level commissions from your referrals. You will earn 19% total referral income starting from 5%.

We offers [sic] invite based affiliate program, the more you invite, the more you earn.

This program earns you from 0.5% to 5% of each deposits your referral make. There are ten affiliate levels.”

What’s The Cost Of Joining BitsTrades?

If you’re interested in joining BitsTrades, you do have the option of starting for free and earning on just referral commissions. However, if you’d like to earn on these and the ROI that’s offered, you’ll need to make an investment of at least 100 EUR.

So, Is There A BitsTrades Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a BitsTrades 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 BitsTrades scam going on or is this legit?

Well, to be honest, BitsTrades 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 BitsTrades Review And Conclusion!

Per its website, BitsTrades says that it uses “volatility software” as a way to generate revenue for the offered ROI:

“A software is involved which calculates the interest rate occurred on your investment on a daily basis.”

This can sound good on the surface to some people, but in reality, this software doesn’t exist.

Instead, BitsTrades is using newly invested funds to pay off ROI liabilities owed to other members.

This is something I see time and time again in the MLM space, and it’s something that’s only ever found with Ponzi schemes.

As with all other Ponzi schemes, BitsTrades will only be around as long as investments keep coming in. Once this stops, the company will be no more.

Its anonymous admin(s) will make off with the lion’s share of what’s been invested, most everyone else will lose out, and recovering lost funds will be next to impossible.

Hopefully, you have found my BitsTrades Review useful.

I wanted to give a lot of details because there have been other reviews of BitsTrades 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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