Welcome to my article about what is AutoBTC Builder.
One of the questions that we need to take a look at is if AutoBTC Builder is a scam or legit.
We wouldn’t want to join a company to only find out later that it gets shut down for non-compliance reasons that are out of our control.
We are going to take a look at the information on the company, the products, and the compensation plan to determine if it’s a legit company to join or not.
For many of you that are here, you probably got approached by someone or saw an ad, and wanted to learn more about this opportunity before you join.
This is a very smart idea because there are many companies that are plain scams and Ponzi schemes and most new people just can’t tell the difference or not familiar with the laws and regulations.
With that said, let’s dive down and get started.
But first, let me show you a video overview of the company that was produced by the company.
AutoBTC Builder Video Overview
Basically, AutoBTC Builder is an MLM cycler company that you will need to invest with Bitcoin in order to get paid in Bitcoin when you earn commissions.
This is the basic concept of how it works, but let’s dive down into more detail about the opportunity to fully understand it.
AutoBTC Builder Company Details
In this section of the article, we are going to look at the AutoBTC Builder company details.
Knowing who runs a company is very important to me, it shows transparency, and it shows that they have pride in their company.
Not having ownership details on the company page is always a red flag when dealing with any MLM company in my opinion.
Unfortunately, AutoBTC Builder does not offer details about who owns or runs the company anywhere on the company pages.
Although I find this a red flag, it does not make a company not compliant, it shows suspicion in my opinion.
Why would you not want people to know that you own a good company?
I did some further digging on the domain name and here is what I’ve found:
- The domain name “autobtcbuilder.com” was registered on 6-14-2017.
- The domain was registered privately
Because the domain name was registered privately, no further information was found.
However, when doing further digging, I was able to find some marketing videos that mentioned the name Gregory Aggessen as the owner of AutoBTC Builder.
If this is true, here is some history about Gregory:
- He once promoted TVI Express
- Another company that he promoted was JetCoin
Those 2 companies failed and were shut down.
That is all I have on the company information, let’s move on to the next section.
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AutoBTC Builder Products
In this section of the article, we are going to take a look at what products AutoBTC Builder offers.
One of the main things that any MLM company needs to have in place in order to be in compliance with the MLM law is to have retail products to offer people who only want to purchase the product that the company offers and not join the opportunity.
When a company fails to provide retail products the business model is essentially a Ponzi Scheme, which the regulators will call it.
Unfortunately, AutoBTC Builder offers no retail products or services for customer purchase only.
The only way to participate in this program is to join AutoBTC Builder as an affiliate member.
They do offer training on how to mine cryptocurrency when you join.
Each tier level will offer different levels of training depending on what tier level you join at.
With that said, let’s move on to the next section.
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AutoBTC Builder Compensation Plan Breakdown
In this section of the article, we are going to take a look at the compensation plan and how you earn money with AutoBTC Builder.
It looks like the company has an MLM cycler type of compensation plan model.
They have 6 tiers of matrixes that are all structured in a 2X2 that need to be filled before you can earn a commission from the matrix.
MLM cyclers have been notorious for not lasting long in the industry because they are not very sustainable.
Once the recruitment slows down or stalls, the commissions stop, and people in these type of programs look for the next MLM Cycler to promote hoping for fast money.
The way that the AutoBTC Builder works is you will have to buy your first matrix position at an investment cost between .0167 to 4.05 BTC.
They offer 6 tiers or “blocks” of small 2X2 matrix structures to build and make money with.
The more expensive the matrix to join, the more commissions it offers.
The only caveat is that you will need to fill the matrix fully to trigger your commission.
Here is a breakdown of the tier levels that you can join and what you will earn when you “cycle out” or fill that 2X2 matrix tier:
- Level 1 Tier – To get started on this matrix tier you will need to invest 0.0167 BTC. When you “cycle out” you will earn a 0.05 BTC cycle commission.
- Level 2 Tier – To get started on this matrix tier you will need to invest 0.05 BTC. When you “cycle out” you will earn a 0.15 BTC cycle commission.
- Level 3 Tier – To get started on this matrix tier you will need to invest 0.15 BTC. When you “cycle out” you will earn a 0.45 BTC cycle commission.
- Level 4 Tier – To get started on this matrix tier you will need to invest 0.45 BTC. When you “cycle out” you will earn a 1.35 BTC cycle commission.
- Level 5 Tier – To get started on this matrix tier you will need to invest 1.35 BTC. When you “cycle out” you will earn a 4.05 BTC cycle commission.
- Level 6 Tier – To get started on this matrix tier you will need to invest 4.05 BTC. When you “cycle out” you will earn a 12.15 BTC cycle commission.
That is all I have on the AutoBTC Builder compensation plan and how you earn money with it, let’s move on to the next section.
AutoBTC Builder FAQ
In this section of the article, we are going to take a look at some questions that people may have when thinking about joining the AutoBTC Builder opportunity and answer them.
Is AutoBTC Builder BBB Accredited?
No, AutoBTC Builder is not accredited with the Better Business Bureau.
This is not a determining factor when any company does not have a listing or even does have a listing and rating for me personally.
This is because the BBB website has been found that their rating system can be manipulated. (look it up it’s true)
What I use the BBB for is to learn more about the company information itself if they have it, and to read some of the reviews and testimonials to see if they match up with other resources I look into for more information.
How Much Does It Cost To Join AutoBTC Builder?
If you are looking to get started with the AutoBTC Builder opportunity you will have to join at one of the tier levels.
The investment will be between .0167 BTC for the first level tier up to 4.05 BTC to join at tier level 6.
To join all 6 tier levels you will have to invest 6.0667 BTC.
With that said, let’s get to the next section of this article which many of you are here for, which is…
Is AutoBTC Builder A Scam?
In my opinion, yes, AutoBTC Builder is a scam.
Here are my reasons why:
- No Retail Products
- No ownership details on the company website
- MLM Cyclers is a commission structure that is known for failure.
I understand that some of the reasons are my personal opinion, but you cannot escape the fact that they offer no retail products which would make AutoBTC Builder a textbook Ponzi Scheme according to the regulations towards MLM companies and requirements.
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My Final AutoBTC Builder Thoughts
In this final section of the article, I am going to share my final thoughts on the AutoBTC Builder opportunity.
To be honest, there are too many red flags within this opportunity.
We looked at information on the company, the products, and the compensation plan and found that it is not in compliance, which makes this opportunity a clear Ponzi Scheme.
There is a clear layout of what is required by all MLM companies is which is:
- You need to have retail products.
- And a certain percentage of company sales needs to come from customer retail sales.
With that said, if you were to ask me if I would join or recommend the AutoBTC Builder opportunity?
I would have to say that I would not recommend nor would I join this company.
I hope you enjoyed my article about what is AutoBTC Builder.
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YW
It is apparent to me that the rating is based upon an appeal to invest in your company rather than AotoBTC is that correct or what? I read your review in the first section where you indicated a favorable rating of AutoBTC then in the next section sending a different message. There is a disconnection here.
Hi C Alex, thanks for dropping by. I always like to point out the good and bad when looking at any opportunity or product I review. Ultimately, the last section will always reveal my final thoughts. Hopefully, this clears up your confusion.