LeaderBit Review – Legit Or Scam?

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

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 LeaderBit – I want to give you an unbiased opinion.

Is it a scam? Can you trust LeaderBit?

Read all about it in my LeaderBit 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 LeaderBit.

Let’s carry on.

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What Can You Tell Me About LeaderBit?

Nowhere on LeaderBit’s website will you find any information regarding who owns the company, where it’s based out of, when it was founded, etc.

The domain name was first registered on July 17, 2017, but unfortunately, the private nature of the registration means that it’s impossible to see who the owner of the domain is or where they were when it was registered.

The only real bit of info provided on the LeaderBit website is the mention of it being incorporated within the United Kingdom on July 21, 2017. An address is provided to go along with this incorporation, but further research reveals that it actually belongs to Corporation House — a company that sells virtual office spaces.

Eddy Smith is the one and only Director listed for the incorporation as well, and once again that virtual address makes an appearance.

With this info in mind, it’s very likely that Eddy Smith doesn’t actually exist and that LeaderBit has no real physical presence in the United Kingdom.

Leaderbit Scam

Does LeaderBit Offer Any Products?

One of LeaderBit’s biggest weaknesses is its total lack of a product line. No goods or services are being marketed or sold to retail customers, and because of this, the only thing that affiliates have to offer to people is the membership itself.

The affiliate membership comes with access to the attached income opportunity, but that’s it.

What Kind Of Compensation Plan Does LeaderBit Have?

Speaking of that income opportunity, affiliates for LeaderBit are given three main plans that they can choose to invest in.

Each plan comes with access to a daily ROI, but choosing to invest more will allow that ROI to increase more as well.

The plans being offered work out as follows:

  • Stable Plan — Affiliates make an investment between 0.005 BTC and 5 BTC and then earn a daily ROI of 12% for 12 days (total payout of 144%)
  • Extended Plan — Affiliates make an investment between 5.001 BTC and 20 BTC and then earn a daily ROI of 12.5% for 12 days (total payout of 150%)
  • Maximum Plan — Affiliates make an investment between 20 BTC and 200 BTC and then earn a daily ROI of 13% for 12 days (total payout of 156%).

These direct ROI payments are supplemented by residual commissions that are paid through a unilevel system.

Level 1 affiliate that you recruit earn you a 7% commission, level 2 members pay 2%, and you’ll earn a commission of just 1% when recruiting level 3 affiliates.

What Is The Cost Of Membership With LeaderBit?

If you’re for some reason interested in joining LeaderBit to see what it has to offer, the affiliate membership itself is free. With that said, you’ll need to make an investment between 0.005 BTC and 200 BTC if you want to earn on the daily ROI being offered.

Should I Be Worried About A LeaderBit Scam?

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

Is there a LeaderBit 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 LeaderBit

As you can see, LeaderBit is offering a pretty simple setup of investing money in order to earn an ROI.

That’s fine at first, but the big issue here is that the company doesn’t exactly mention where the funds for these ROIs are coming from. There’s no outside money clearly making its way into LeaderBit, and because of this, we can determine that the only source of income for the company is that of affiliate investments.

With new investments being used to fund ROI payments owed to other members, LeaderBit turns into a Ponzi scheme.

Like with all other Ponzi schemes that have come and gone before LeaderBit, the company can only survive as long as affiliate continue to join and sink money into it. Once this activity dies down, LeaderBit will be no more.

The majority of affiliates that get involved are pretty much guaranteed to lose out, with only the anonymous admin earring anything of real value.

In other words, you’ll want to steer very clear of this one.

I hope you are finding the information in my LeaderBit 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 Leaderbit, 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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