Cryptocurrency Bank MLM Review – Good Opportunity Or Big Scam?

Cryptocurrency Bank MLM ReviewHas someone tried to pitch you the Cryptocurrency Bank MLM opportunity lately?

Cryptocurrency Bank MLM is a really popular and new opportunity that is making it’s rounds on social media among network marketers.

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 Cryptocurrency Bank MLM review so you can learn the full truth about it!

Is Cryptocurrency Bank MLM a scam?

Can you make an honest business with Cryptocurrency Bank MLM?

Let me show you in my review of Cryptocurrency Bank MLM.

Read on for all the details.

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Cryptocurrency Bank MLM – What Is It??

With Cryptocurrency Bank MLM, we’re dealing with an MLM entity that fails to provide any background information on its official website.

There’s no indication of who owns Cryptocurrency Bank MLM, where it’s based out of, or when the company was first founded.

The only real bit of info that’s readily available is the fact that the domain name for the site (ccbmlm.com) was registered privately on June 11, 2017.

At the time of writing this review, Alexa rankings show that the largest sources of traffic for the site include the United States, Brazil, and Nigeria.

I did manage to come across the affiliate agreement for Cryptocurrency Bank MLM, and within that agreement, the following can be found:

“Venue and jurisdiction for any action pertaining to this agreement or any disagreement or claim between the parties hereto shall be in Palm Bach County, State of Florida or in the United States District Court in and for the District of Florida.”

This hints at the fact that Cryptocurrency Bank MLM is being run out of Florida, but this contradicts the corporate address in Hong Kong that’s listed directly on the Cryptocurrency Bank MLM website.

Also worth noting is that the Hong Kong address being used is a virtual own that’s actually owned by Regus.

Cryptocurrency Bank MLM Scam

The Product Line For Cryptocurrency Bank MLM

Typical of most MLM opportunities that offer little to no info on their website, Cryptocurrency Bank MLM doesn’t have any goods or services to speak of.

Affiliates for the company have only the affiliate membership to market and sell to folks that are looking for a new income opportunity, and as such, you won’t find any retail sales activity to speak of with Cryptocurrency Bank MLM.

What Should I Know About The Compensation Plan?

Moving over to the compensation plan, Cryptocurrency Bank MLM affiliates are tasked with buying matrix positions and then recruiting other people to do the same thing so they can earn a commission.

Whenever an affiliate buys a position and then recruits someone else to buy one as well, they earn a commission of $10.

Along with this direct payment, affiliates can also earn residual recruitment commissions that are paid through the use of a 2×20 matrix system.

For every member that gets placed within your 2×20 matrix, you earn a commission of $2.

How Do I Join Cryptocurrency Bank MLM?

In order to join Cryptocurrency Bank MLM, you won’t have to pay a dime for the affiliate membership itself.

Is Cryptocurrency Bank MLM Really A Scam?

Have you been hearing that Cryptocurrency Bank MLM is a scam?

Have you heard Cryptocurrency Bank MLM is legit?

It can be hard to tell with so many different people telling you different things.

So, what’s the truth – is Cryptocurrency Bank MLM a scam or is it a good business?

I would say it’s not really a scam. There are a few things you should be aware of before joining.

The best way to be successful is to be prepared going in, and have a plan to market yourself.

If you want help marketing and making money, see below.

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Conclusion for Cryptocurrency Bank MLM

On Cryptocurrency Bank MLM’s website, it’s said that the company is, “destine [sic] to be the largest cryptocurrency global bank in the world.”

That’s a pretty lofty claim to bank for any MLM opportunity, and this is especially true when you bring the whole banking industry into account.

Behind all of the marketing mumbo jumbo, Cryptocurrency Bank MLM is nothing more than yet another MLM opportunity that’s centered around points.

The cryptocurrency is question is referred to as CCBM, but the problem is that CCBM is not tradable on the public market.

As if that wasn’t a telling sign of CCBM’s worthlessness, any affiliates that join Cryptocurrency Bank MLM are given $50 worth of CCBM for free – no strings attached or anything.

Here’s the the big problem.

Cryptocurrency Bank MLM is offering its affiliates commissions for recruiting other people, but since affiliate membership is free, where’s the money coming from?

According to the Cryptocurrency Bank MLM website, the company will officially exit prelaunch on September 19, 2017.

Until that date, you’re free to join the opportunity and get as many CCBM points as you can by recruiting other people to enlist and do the same thing.

Once Cryptocurrency Bank MLM leaves the prelaunch phase, the theory is that all those CCBM points will be worth something of great value.

However, in order to withdraw your supposed earnings, you’ll need to first hand over real money to do so.

Add all of this together, and Cryptocurrency Bank MLM turns out to be a combination of both a Ponzi and pyramid scheme.

The internal value of CCBM points will likely rise as time goes on with more and more people joining the opportunity, but that doesn’t change the fact that these points hold no value in the real world outside of Cryptocurrency Bank MLM.

There’s a slight chance you’ll earn more money that what you’ll have to pay to withdraw your earnings, but even so, it’s not worth the risk.

I hope you got all the details you needed to make an informed decision in this Cryptocurrency Bank MLM Review.

Bears of anyone trying to sell you something in their review articles.

If you do want to proceed with Cryptocurrency Bank MLM, make sure you know how to market properly.

My FREE training below will help you.

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