CryptoBitx Review – Good Opportunity Or Big Scam?

CryptoBitx ReviewHave you been hearing a lot about CryptoBitx lately?

There is a lot of hype happening for CryptoBitx, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with CryptoBitx in any way.

I have gathered all the pertinent facts about this opportunity in my CryptoBitx Review so that you can know the full truth before signing up.

Is CryptoBitx a scam? Or is it really legit?

Will I be able to make real money with it?

I tell you all in my Review of CryptoBitx.

Let’s get going!

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

What Is CryptoBitx Exactly?

Right off the bat, the CryptoBitx website doesn’t create for a good first impression by any stretch of the imagination. There isn’t any available information in regards to who owns the company, where in the world it’s located, who originally founded it, etc.

All of this is relevant information that’s important to know for any legitimate business opportunity – MLM or not – and its absence here certainly is a bit disturbing.

There is a page on the CryptoBitx website titled as “about us”, but it’s currently nothing more than a blank page.

Moving away from the website and to the actual registration for its domain, I was able to learn that the registration took place on December 20th, 2016. The owner of the domain is listed to be Faisal Kamal of Dubai Petroleum, and there’s also an address provided that’s located in Dubai.

I did a bit of research into Mr. Faisal Kamal, and it appears that CryptoBitx isn’t the first time the man has been involved with the world of MLM.

Kamal first got starter with multi-level marketing as the admin for FastBTC.

FastBTC was an opportunity that saw affiliates gifting bitcoin to one another through the use of a 2×3 matrix system, but at the time of this writing the official website for the company appears to be entirely unresponsive.

This suggests that FastBTC has collapsed, and this is likely what prompted Kamal to go on to launch CryptoBitx.

And, without any further ado, here’s everything that the company is bringing to the table.
CryptoBitx Scam

What Will I Be Selling With CryptoBitx?

Taking a look at the product line that CryptoBitx is advertising, there’s honestly not a whole lot to see here.

CryptoBitx is an MLM opportunity that’s trying to succeed without any sort of product line in place at all, and although this is something that I’ve seen numerous times while conducting these sort of reviews, it’s never something that I’m a fan of seeing.

The lack of a product line means that there’s a complete absence of retail sales activity, and it also creates for a situation in which affiliates have nothing more than the affiliate membership to sell to individuals as there aren’t any goods or services to market and promote.

What Should I Know About The Compensation Plan For CryptoBitx?

Switching over to the compensation plan, affiliates earn money by gifting bitcoin to one another through a 2×7 matrix.

Each level of the matrix system is treated as its own independent tier of cash gifting, and affiliates get started with the matrix by first gifting 0.001 BTC to the affiliate that recruited them to join CryptoBitx.

Once this payment has been received, the affiliate that gifted the money is then eligible to receive 0.001 BTC from two other affiliates that are recruited and placed in that same first level of the matrix where they’re currently at.

The remaining six levels of the CryptoBitx matrix system function in the same general manner, with the exception of gift payment amounts increasing for both sent and received payments.

Levels 2 through 7 work out as follows –

  • Affiliates at level 2 must gift 0.015 BTC in order to receive the same amount from four other members
  • Affiliates at level 3 must gift 0.004 BTC in order to receive the same amount from eight other members
  • Affiliates at level 4 must gift 0.02 BTC in order to receive the same amount from sixteen other members
  • Affiliates at level 5 must gift 0.2 BTC in order to receive the same amount from thirty-two other members
  • Affiliates at level 6 must gift 1 BTC in order to receive the same amount from sixty-four other members
  • Affiliates at level 7 must gift 8 BTC in order to receive the same amount from one hundred and twenty-eight other members

What’s The Membership Fee For CryptoBitx?

If you’re for some reason interested in becoming an affiliate for CryptoBitx, you’ll need to gift a bare minimum of 0.0015 BTC to the person that recruited you to join the opportunity.

However, in order to fully participate in everything that the compensation plan has to offer, you’ll need to increase that gift payment up to 9.2265 BTC.

Is CryptoBitx Really A Scam?

If you’re like me, you’ve been researching CryptoBitx and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is CryptoBitx a scam, or can you trust the company?

I would say CryptoBitx isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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

My Conclusion For CryptoBitx

In the case of CryptoBitx, it’s quite obvious that this is nothing more than a relaunch of Kamal’s failed opportunity with FastBTC.

The business model of having affiliates gift bitcoin to one another is pretty much identical, with the exception of both the matrix and amount of bitcoins being gifted back and forth being much larger than what they were in FastBTC.

And, because of this, CryptoBitx is operating as nothing more than a cash gifting scheme.

As with all cash gifting schemes, Kamal likely has numerous positions preloaded at the very top of the matrix, meaning that he will be the only one who will truly benefit from this whole setup.

Once recruitment levels begin to die down and slow to a crawl, Kamal will make off with whatever he’s earned and likely go on to launch another similar scam.

This will leave most everyone who gets involved with CryptoBitx to lose out in the long haul, making this an opportunity that you’ll definitely want to stay away from.

I sure hope you have found all the information in this CryptoBitx Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with CryptoBitx.

If you decided to move forward with CryptoBitx, you’ll still need help marketing yourself.

My FREE training will help you with that.

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

Speak Your Mind