Thank you for taking the time to read our BitConnect Review. Be sure to know every bit about cryptocurrency on our review page. It's very important to be sure on what business you get into.
We both know that money is not something you play with, so take this reading seriously, we want you to do well and make sure a lousy choice doesn't lead to a worse experience.
So, sit back and enjoy the review we've made especially for you and your well being when we learn, every bit of time is well invested. Let's get on with it!
This review will tell you everything you need to know about BitConnect.
Perhaps someone that is promoting BitConnect is in the process or has already contacted you about the opportunity, most probably through email. By reading this review, you will be able to know what the company is all about, products they present and some of its other features. It will enlighten you with all necessary information needed to make a decision of whether you will join the scheme or stay away from it.
If you look at their domain BitConnect.co, you will find that the company who has purchased the domain does not shell out any information. All we know is that this domain was established on February 9th, 2016, the date it was first registered. As you visit the website of the BitConnect, you will notice a very professional look and also you will be greeted with an introductory video of its own. However, when you dig a little deeper, you will only find a few shallow pages with less content.
Products of BitConnect
No physical or digital product is offered by BitConnect. They solely provide you the opportunity to earn daily returns’ on your invested money via its affiliate program. This means when you put your Bitcoin into BitConnect account, it is the only time when you get your daily returns’. The invested Bitcoins become BitConnect coins. Starting from here, it is used daily inside the BitConnect to provide Return on Investment (ROI) that allows you to earn. The program is very similar to programs like Control Finance and Spey Invest.
Each ROI is priced at 40% profit for any amount you invest into BitConnect. In case you get to join the affiliate program within BitConnect, you are guaranteed earnings as well. The BitConnect compensation plan goes with the different levels available. Depending on which level they are in, one can earn varied referral bonuses percentage per each referred affiliate.
BitConnect Membership Fee
You can join BitConnect for free and there is no recurrent fee thereafter. But, the referred affiliates are required to make an upfront investment fee ranging between $100 and $100,000 in order to join and start earning returns and also for the compensation plan. Clearly, nothing is free. One actually needs to invest money and employ other people in order to gain a profit from this opportunity.
BitConnect looks risky and apparently has ponzi scheme written all over it .Many of the cryptocurrency opportunities share this in common. Current investors are paid with funds collected from the new investors. It points out that when there are no affiliate investments, which will most likely happen, BitConnect collapse due to failure on meeting the supposed ROI. They will rip off the remaining investor’s funds and vanish into thin air.
Verdict & Recommendation
BitConnect cannot be recommended. It is a risky business model and a newbie could easily lose their invested money.
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