Thank you for taking the time to read our Crypto Bit Trade review. Be sure to go through all of it. It's important to learn about an opportunity for you and it's just as important to have a better understanding of the cryptocurrency world.
Money is always a big deal since it makes the world go round, taking the best decision is critical for having success in life.
We're about to see what this MLM is all about, so sit back and grab a cup of coffee or your favorite beverage. We'll let you be the judge on this potential business opportunity.
Crypto Bit Trade Review
This enterprise, like many others, doesn't give any details on their official site on the people accountable for the company.
However, there are names listed in Crypto Bit Trade compensation plan, these people are Ramon Escalera and Joe Yagudaev. They're supposedly the co-founders of the Crypto Bit Trade enterprise.
Our research shows that Mr. Escalera appeared in the MLM business in 2016, he took part in the 25 Dollar Legacy pyramid scheme.
When 25 Dollar Legacy fell apart, Mr. Escalera started another business opportunity named Platinum World Team Build.
That particular company is a Ponzi scheme that offers members over $150,000 ROI on barely a hundred dollar investment.
According to Alexa, traffic on Crypto Bit Trade website collapsed since June, which could indicate that the business opportunity is dying down or it's in his way to collapse.
Talking about his business partner, Mr. Yagudaev history shows that he launched an opportunity named Elite Profit System in 2016.
Crypto Bit Trade works as a pyramid scheme. Members in it give gifts to each other, donations go from $500 to $25,000.
According to Alexa, the site's web traffic for that company shows little to no activity in 2016. The current year, however, it presented a little raise on May but the next months it started to fall down once again.
We infer from these two collapses that Mr. Escalera and Mr. Yagadev formed a new team and Crypto Bit Trade started.
Crypto Bit Trade doesn't offer any products or services on retail, members have only the possibility to market memberships.
After a member signs up to Crypto Bit Trade, they can enter to the CBT Academy. This Crypto Bit Trade Academy acts as a training center for members and gives access to documentation to learn more about cryptocurrency.
The knowledge you can get Crypto Bit Trade goes from the 101 classes to the latest info.
Part of their the Crypto Bit Trade academies sales pitch says they've looked high and low to give members access to the latest content on cryptocurrency, listed by subject and tier.
The Compensation Plan
Crypto Bit Trade members have to make and investment between 0.1 and 16 BTC based on a 200% ROI promise. This would be paid 1% a day.
Indirect commissions on Crypto Bit Trade investments are paid through a binary tree structure.
As we've said in past reviews, the binary tree structure in Crypto Bit Trade puts a member on the top, then it divides into two.
Level one of the Crypto Bit Trade tree can carry two positions. Level two of the binary tree is created by dividing these two positions into another two (4 total positions)
Each other level in Crypto Bit Trade the tree is created the same way when required, the general rule is that a new level will carry twice as many places as the level before.
How's does the Crypto Bit Trade tree fill up? Well, through direct and indirect member recruitment. The structure doesn't establish limits on how far can a tree grow.
Crypto Bit Trade tracks down the investment on the whole binary tree. When the day ends, a commission based on the tree is generated.
Percentages on how payments are in Crypto Bit Trade done comes down to the amount of money a member has invested:
- If a member invests 0.05 BTC in Crypto Bit Trade, he/she receives a 5% binary commission with a cap of 0.1 BTC a day or 3 BTC a month
- If a member invests 0.1 BTC in Crypto Bit Trade, he/she receives a 7% binary commission with a cap of 0.2 BTC a day or 6 BTC a month
- If a member invests 0.3 BTC in Crypto Bit Trade, he/she receives a 10% binary commission with a cap of 0.6 BTC a day or 18 BTC a month
- If a member invests 0.5 BTC in Crypto Bit Trade, he/she receives a 13% binary commission with a cap of 1 BTC a day or 30 BTC a month
- If a member invests 1 BTC in Crypto Bit Trade, he/she receives a 15% binary commission with a cap of 2 BTC a day or 60 BTC a month
- If a member invests 2 BTC in Crypto Bit Trade, he/she receives a 17% binary commission with a cap of 4 BTC a day or 120 BTC a month
- If a member invests 4 BTC in Crypto Bit Trade, he/she receives a 20% binary commission with a cap of 8 BTC a day or 240 BTC a month
- If a member invests 8 BTC in Crypto Bit Trade, he/she receives a 25% binary commission with a cap of 16 BTC a day or 480 BTC a month
- If a member invests 16 BTC in Crypto Bit Trade, he/she receives a 30% binary commission with a cap of 32 BTC a day or 960 BTC a month
The Exclusive Bonuses
Crypto Bit Trade gives rewards to their members, these are called Exclusive Bonuses and are calculated on each member's efforts in recruitment.
- A member reaches Sapphire when he/she recruits 50 members that invest in the company. The reward is $25,000
- A member reaches Emerald when he/she recruits 100 members that invested an average of 2 BTC in the company. The reward is $50,000
- A member reaches Diamond when he/she recruits 200 members that invest in the company. The reward is a “BMW or Mercedes of your choice”
- A member reaches Blue Diamond when he/she recruits 500 members that invest in the company. The reward is “A Exotic car of your choice”
- A member reaches Black Diamond when he/she recruits 1000 members that invest in the company. The reward is “house up to $1 million”
If you're wondering about how much members have to invest to reach those quotas, the company states in that regard:
Bonuses are subjected to changes according to the value of BTC at any given moment
When you reach a number of specified recruits, you will need for all of them to have an average of 2 BTC in investments.
Our bonuses are calculated based on 1 BTC = $2800
If the value of Bitcoins is lower or you averaged anything less than 2 BTC, you will still qualify for the bonus but will be less.
Once a member registers with Crypto Bit Trade, the affiliation requires an initial investment on one of these packages(9 in total)
- Cyrpto Bit Trade #1 requires an investment of 0.05 BTC (no daily ROI)
- Cyrpto Bit Trade #2 requires an investment of 0.1 BTC
- Cyrpto Bit Trade #3 requires an investment of 0.3 BTC
- Cyrpto Bit Trade #4 requires an investment of 0.5 BTC
- Cyrpto Bit Trade #5 requires an investment of 1 BTC
- Cyrpto Bit Trade #6 requires an investment of 2 BTC
- Cyrpto Bit Trade #7 requires an investment of 4 BTC
- Cyrpto Bit Trade #8 requires an investment of 8 BTC
- Cyrpto Bit Trade #9 requires an investment of 16 BTC
The critical difference between each package is the potential tradeoff through the company's compensation plan.
The Final Word on Crypto Bit Trade
Crypto Bit Trade says that the money created to pay members their 1% ROI comes from a trading and mining program with real products and services.
This is yet to be verified, there's no evidence that associates Crypto Bit Trade to any of these activities.
We've seen in many occasions that the source of revenue for these kind of companies are member investments. Those are used to pay that 200% ROI that the company promises. The result is that this business opportunity works as a Ponzi scheme. On top of that Crypto Bit Trade are engaged in pyramid fraud, with affiliate investors paid to recruit new investors.
Crypto Bit Trade business opportunity is not registered in the SEC, it’s possible that Mr. Escalera and Mr. Yaguadaev are being investigated for fraud right this moment.
And if they’re not, the truth of the matter is that these persons use your investment to make themselves profit. Crypto Bit Trade is the usual cryptocurrency company scammer that uses a Ponzi scheme.
However you look at it, this and every other kind of business that is used to fraud people into “opportunities” collapses. Also, the company states that they don’t do refunds of any kind. So I’d stay away from this one, for your health and well sake, you should too.
Aaron and Shara What Do You Recommend?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
We also think the startup cost of $100-$999 is pretty steep.
We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit.
That is why, we first started out by learning how to become a good marketers.
If you don’t want to be in a business that costs $199-999 to start and requires you to host home parties or call all your friends and family to buy your stuff no worries.
We have the perfect business for you where you don’t have to recruit, you don’t have to own any product and oh did we mention it’s ONLY $1 to start!!!
The main reason for it is you will learn step by step on how to build a profitable business online and they even cover you for products so you don’t have to create anything yourself…
You will also get a one on one business coach to help you every step of the way.
Anyways, we hope you enjoyed the Review. Please comment below if you are part of this company as our readers would love to know how you are doing.
Also, if there are any products or companies out there you want us to review please let us know!
Take A Look At Our Results:
Take a look at our team members results:
Follow Us on Social Media Below (We are a Real People :)):