Looking for a BitWaves Review? You’re in the right place. Today we are looking at BitWaves Review and we are going to share our full review. If you’re wondering whether it’s a scam or a legit company keep reading as we will reveal everything. Also we are not an affiliates for BitWaves so you can expect and honest review and not just another sales pitch like other reviews do!
No information has been provided by BitWaves on their website about who owns or runs the business.
BitWaves asserts to be a UK registered company on their site. This corresponds with BitWaves Financial Limited, integrated in the UK on 3rd October, 2017.
The sole Director of the company is mentioned as Morgan Stevenson and an address in Bedfordshire, England is given.
Morgan Stevenson doesn’t appear to exist outside of BitWaves incorporation documents.
UK incorporation is quite cheap and popular among MLM underbelly scammers.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or investing any money.
Products of BitWaves
There are no retailable products or services offered by BitWaves. The affiliates are only able to market BitWaves affiliate membership itself.
The Compensation Plans
The affiliates of BitWaves invest funds on the promise of an advertised ROI:
- Starter Plan: invest $25 or more to get a 4% daily ROI for 40 days (160%)
- Perfect Plan : invest $200 or more to get a 0.3% hourly ROI for 450 hours (135% in 18.75 days)
The Referral commissions are given out on funds invested by enlisted affiliates, paid down 3 levels of enlistment (unilevel):
- level 1 (personally enlisted affiliates) : 6%
- level 2 : 2%
- level 3 : 1%
It is free to be a member of BitWaves affiliate. However, free affiliates can only earn referral commissions.
In order to fully participate in the BitWaves MLM opportunity, it requires a minimum $25 investment.
The trick behind BitWave’s ROI revenue is cryptocurrency & forex trading.
As stated on their site, most of the profit is earned through trading in cryptocurrency and forex trading markets.
Of course no proof of trading taking place is noticed, much the less profit from trading activity used to fund affiliate ROIs.
The investment of affiliates is the only verifiable source of revenue in BitWaves.
The use of newly invested funds to pay off existing investors makes BitWaves a Ponzi scheme.
Like all Ponzi schemes, once affiliate enlistment slumps down so too will new funds entering the scheme.
This will starve BitWaves revenue and they will be unable to meet its ROI obligations.
Eventually, BitWaves will collapse, resulting in most of the affiliates losing money.
Aaron and Shara What Do You Suggest?
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