RiseBits Review – Legit Or Scam?

RiseBits ReviewRecently, RiseBits has been getting a lot of hype on the internet.

I have had people pitching this one to me on a near daily basis, in fact, and I have seen it making the rounds on social media as well.

I want to make it clear I am NOT promoting this business opportunity as an affiliate or distributor in any way.

I have done all my research in this RiseBits review do you can learn the honest truth and decide if it’s right for you.

Is RiseBits a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review RiseBits.

Let’s get started.

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Seriously, What Is RiseBits?

RiseBits is one of the most recent MLM opportunities to catch my attention, and right off the bat the company doesn’t make that great of a first impression at all.

The official website for RiseBits doesn’t provide any info at all in regards to who owns the opportunity or who runs the operation from an executive level, and this is all important information that I come to expect from any legit MLM venture. Whenever this info is held, it usually creates for a bit of concern as that’s only ever a trend seen with schemes and scams.

Looking at the official registration for the website’s domain name, I was able to see that the registration took place on October 14th, 2016. However, with the domain being set to a private state, any info on where the registration took place or who was behind it is completely unknown.

Despite this lack of information, I was able to find an official Facebook group for RiseBits that cites someone as “Rahul Singh” being the sole admin for it.

Upon looking into Rahul Singh’s profile though, it became apparent rather quickly that the account is completely and totally fake. The account was just created on November 14th, and the profile shows nothing but promotional material for RiseBits.

Perhaps the most interesting bit of info though has to do with the “About Us” page for the RiseBits website.

A section of the About Us page looks to be taken directly from the websites for Super Matrix and LifeBTC, both of which are cash gifting schemes that just launched back in October.

Luis Castillo is the admin that’s behind Super Matrix, but I wasn’t able to determine if he has any involvement at all with RiseBits.

RiseBits Scam

What Products Does RiseBits Sell?

In regards to the product line that RiseBits has to offer, there’s hardly anything to discuss here at all.

Why is this though?

RiseBits is one of the many MLM startups that has made the decision to not offer any sort of product line with their business model, and this a move that is usually seen with cash gifting, Ponzi, and pyramid schemes.

No product line means no retail sales can take place, which usually results in affiliate investments being the primary source of income for the opportunity in question.

With RiseBits being structured the way it is, affiliates for the company have nothing more than the affiliate membership itself to market and sell to potential customers.

If an existing affiliate does get someone new to sign up and become a member, the new recruit then pays money to the person that recruited them to join. After these payments are completed, affiliates are able to earn advertising credits that can be used to display advertising on the RiseBits website.

Info On The RiseBits Compensation Plan

Moving on to the compensation plan, affiliates for RiseBits gift 0.007 BTC to the person who recruited them to join upon their initial signup. This initial gifting payment then entities them to receive gifting payments themselves from other affiliates who join, and all of this gets tracked and organized through the use of a 3 x 4 matrix system.

The 3 x 4 matrix is completed once all of the one hundred and twenty positions have been filled through methods of both direct and indirect recruitment, and advancing through the various levels is done by gifting more and more bitcoin to other affiliates.

Level 1 sees that affiliates gift 0.007 BTC every 20 days to the affiliate that personally recruited them to join the company, and this then allows the affiliate to receive 0.007 BTC from three other affiliates within the company.

This goes on for four total levels, with level 4 seeing that affiliates gift 1.5 BTC every 105 days in order to receive 1.5 BTC from a total of eighty-one affiliates.

How Much To Join RiseBits?

Interested in becoming an affiliate for RiseBits? Here’s what you need to know.

The minimum amount of money that you’ll need to hand over is 0.007 BTC every 20 days to the affiliate that initially got you to join the company.

However, if you’d like to have full participation in the MLM opportunity that RiseBits is advertising, you’ll need to cough up 1.625 BTC as a recurring payment over a rather staggered and varied period.

Seriously, Is RiseBits A Scam Or Is This Legit?

As I am sure you have heard with most business opportunities, there are a lot of scams on the internet, and RiseBits might be a scam with them.

Having read the review above, you might be wondering if RiseBits is legit or completely a scam.

So, is it a scam?

Is RiseBits a scam, or can you make a proper business with it?

Honestly, RiseBits isn’t a complete scam, but there are definitely some things to be aware of (see the conclusion section).

Whether you decide to join or not, you really need to master your marketing and lead generation.

This is the only way you will be successful.

See below for help with making money online.

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Here’s My RiseBits Final Thoughts!

If you’ve been following the MLM world for any amount of time, it shouldn’t take you long to see that RiseBits is just another cash gifting scheme that’s doing what it can to solicit as much money from unsuspecting victims as possible.

However, the way that RiseBits is going about things is a bitter unusual compared to what is usually seen.

In order to obtain higher matrix levels, payments of bitcoin need to be sent to other affiliates every 70 and 105 days. From what I’ve been able to tell, the idea here is to make the longer recurring payment schedule seem like a more manageable task to lower-level affiliates, but as all cash gifting schemes go, the lion’s share of all the funds are still passed up to the initial tiers – likely owned by the anonymous admin(s).

Once RiseBits sees its affiliate rate decline, trouble will ensue. It will take longer and longer for gifting payments to go out, and in the end, only the admin(s) will earn anything of substance.

The vast majority of people who get involved will end up losing out, and thanks to the use of bitcoin, recovering any funds that are lost should prove to be impossible.

Hopefully, you have enjoyed this RiseBits Review.

I wanted to give you this in-depth review because there have been plenty of other RiseBits reviews that don’t really give all the information you need.

If you do decide to join, I want you to be successful, so learn how to market yourself properly.

My FREE training below will help you market and earn money!

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