If you’re looking for a detailed BitWings review, then you’re on the right website!
I was looking around the internet for new money-making programs and saw promotions for the BitWings opportunity in some forums.
I took a look at the website and was intrigued enough to look at the opportunity closer.
I decided to do some research and found a few reviews online with both good and bad things to say but they all were either promoting their own deal or promoting the program itself so I wanted to research for myself to see the truth.
I am going to take the time to research the information about the BitWings company, the products, and the compensation plan and share that information with you here today.
In the last section of my review, I am going to share my final thoughts and my recommendation on whether or not it is a good idea to join or not based on the information that I gathered.
With that said, let’s dig in and see what we can learn.
What Is BitWings?
The BitWings company is a program that you can join and earn money with through a cell phone that mines crypto and through the referral MLM compensation plan. The company appears to base their marketing around mining cryptocurrency through cell phones up to a certain amount and that is how they produce the ROI that the company claims that they can pay you in the investment opportunity.
The niche that I would say that BitWings is in would be the cryptocurrency investment and ROI MLM niche.
One of the things that I like to do first is research the company owner and the people behind any money-making opportunity to give me the ability to learn about their experience and their history.
I do this to give me a heads up if the person is known to have a bad experience or a bad history so that I can skip the opportunity altogether even if it looks like something amazing.
You wouldn’t want to waste your time and money on something if there is a high percentage that the company is going to have problems in the future.
When taking a look at the company website, I was unable to find any information about the owner of the company so I decided to do some searching around on the internet.
I found a LinkedIn profile with Antonio Milio naming himself as the CEO of the company.
I found some marketing videos with him on a couple of them so it just makes sense that he is the CEO.
The company website explains that they are a division of the company “Wings Mobile” which is where the company gets their cellphones for their membership and the promised ROI that they offer.
I went to the Wings Mobile website and couldn’t find any affiliation for BitWings or any mention of them.
Wings Mobile themselves do not appear to be an MLM in any way but they do offer a referral affiliate program like what Amazon offers.
The majority of the marketing material is in Spanish and the first time you visit the company website it is also in Spanish.
Antonio’s LinkedIn profile says he lives in Spain so everything seems to fit which is good in that sense.
As far as any bad history or experience that Anotonio has had online, I wasn’t able to find any which is a good thing.
With that said, let’s continue to the next section.
Another great review: Control CTCoin Review – Scam Crypto MLM Or Legit Money Maker?
BitWings – Do They Offer Any Products or Services?
In this section of my BitWings review, I am going to cover the products and services that the company offers.
The product that BitWings offers are their own cellphones that they call MinePhone WX.
I know, a bit of a weird name, but the name coincides with what the phones also offer you which is the ability to mine crypto with them.
Not sure what other phones you can compare the MinePhone WX with since they don’t offer any specs on their phones but the phones do sell for $1200 USD.
The dollar conversion is because as of right now, they sell the phones for 6000 BitWing Tokens (BWN) which are 20 cents as of right now.
If the phones were comparable to an iPhone12 pro or a Samsung Galaxy Z Flip then hey, well worth it but they also offer something that these 2 phones do not.
BitWings says that these phones will mine crypto up to 2 Ethereum for you each month which is a popular and legitimate cryptocurrency that has a value of $1200 as of writing this review.
So, the product that they offer is definitely, interesting, we just have to dig in a bit deeper to see if the phones actually offer 2 Ethereum each month, but the verbiage of “up to 2 ETH” tells me that there has to be some type of catch or something that will limit you.
With that said, let’s continue to the compensation plan section to see if we can learn more about that.
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How Does The BitWings Compensation Plan Work?
In this section of my BitWings review, I am going to share the information that I found about the compensation plan and other ways that you can make money with the opportunity.
There are a couple of ways that you can make money with the BitWings opportunity which are:
- The cell phone mining profits
- The referral compensation plan
Getting Started and Mining Profits
To get started and start earning with the BitWings opportunity, you will have to invest at least $100 worth of BWN which comes out to 526 BWN tokens.
They offer a few investment packages that you can choose from and the difference in each one is the cost and the amount of BWN you will receive.
The way to earn BWN without sponsoring, you must purchase the MinePhone WX that the company offers.
The marketing states that you can earn “up to” 2 ETH per month and you can also earn BWN alongside the ETH each month too.
I am not sure how much BWN you can earn because I didn’t find any information for that.
I do know that the company is claiming that the value of the BWN that they offer will go up in a short amount of time and that is why many members are excited because it means free money for them.
Also, if you decide to purchase the MinePhone WX cell phone, you will be able to participate in the mining pool rewards program that the company offers that I will get into later.
The way to earn commissions is the company is by referring new members through your affiliate link that the company gives you once you become a member.
By doing this, you start earning a percentage of the investment that they start with and when they start referring others, you earn commissions from your downline team members also.
The amount that you will earn will depend on what your downline team members get started at.
The higher the amount will mean the more profit that you will earn.
When you join, you will receive BWN tokens which is what the company runs off of and pays you which will have to be converted over to BTC or another crypto when you are ready to withdraw your earnings.
Here is a breakdown of the packages that you can choose from to get started:
- Bronze Package – This package will require an investment of $100. You will get 26 BWN for starting at this package level.
- Silver Package – This package will require an investment of $300. You will get 1610 BWN for starting at this package level.
- Gold Package – This package will require an investment of $500. You will get 2710 BWN for starting at this package level.
- Sapphire Package – This package will require an investment of $1000. You will get 5474 BWN for starting at this package level.
- Emerald Package – This package will require an investment of $2000. You will get 11,052 BWN for starting at this package level.
- Ruby Package – This package will require an investment of $5000. You will get 28,421 BWN for starting at this package level.
- Diamond Package – This package will require an investment of $10,000. You will get 57,895 BWN for starting at this package level.
Fast Start Commissions
BitWings offers a fast start commission for your personally recruited members.
The company pays 25% of the investment that they start with.
Residual Commissions (unilevel)
BitWings also offers a residual income to you that comes from the investments that your downline team makes.
The way that they track and pay their residual income using the unilevel compensation plan structure.
For those that are not familiar with how the unilevel works, here is a quick breakdown:
- The first level of your unilevel compensation plan will only have your personally recruited members on it.
- The second level of your unilevel will only have team members that your level 2 members personally recruited on it.
- The third level of your unilevel compensation plan will only have team members that your level 3 members personally recruited on it.
- and so on…
Hopefully, this brief explanation will help those that were not that familiar with the unilevel comp plan understand it better.
There is a total of 7 legs that you can earn from your unilevel compensation plan.
The more that you invested in BitWings will offer more levels of your downline team members that you can earn from.
Here is a breakdown of what you can earn from the residual income that BitWings offers:
- Bronze Level – When you are invested in this level you will earn 25% on your level 1 members only.
- Silver Level – When you are invested in this level you will earn 25% on your level 1 and 1% on your level 2 members.
- Gold Level – When you are invested in this level you will earn 25% on your level 1 and 1% on your levels 2 and 3 members.
- Sapphire Level – When you are invested in this level you will earn 25% on your level 1 and 1% on your levels 2 through 4 members.
- Emerald Level – When you are invested in this level you will earn 25% on your level 1, 1% on your levels 2 through 4, and 5% on your level 5 members.
- Ruby Level – When you are invested in this level you will earn 25% on your level 1, 1% on your levels 2 through 4, 5% on your level 5, and 1% on your level 6 members.
- Diamond Level – When you are invested in this level you will earn 25% on your level 1, 1% on your levels 2 to 4, 5% on your level 5, and 1% on your levels 6 and 7 members.
That is all there is to how the BitWings compensation plan works and the other ways that you can make money with the opportunity.
With that said, let’s move on to the next section where I will answer some questions about the opportunity.
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Company-Wide Profit Pool
The company also offers a company-wide profit pool for members that decide to participate in getting credits in the BWN token that the company offers.
The way that BitWings does this is by setting aside 5% of the profit that is made during a certain amount of time and is divided and paid out to the affiliate members that qualify for these commissions.
One thing that you must be aware of is that the BWN token has no value outside of the BitWings company.
What this means is that you will have to convert any of your earned BWN tokens to a cryptocurrency that actually has a value outside of the company which is done within the company itself.
When that is done, you will request your funds which will be deposited or sent to your bitcoin wallet or any other currency than the company lets you convert your BWN to.
The company says that they are going to increase the value of their BWN token soon which will mean for those that are already in the company, free money.
I am not sure how that is going to work, but what I see so far are some concerns but it doesn’t appear to be so bad that they can’t fix some of the things that they can have legal issues with.
With that said, let’s continue.
Another great review: EvoRich Review – Daily ROI Profit Scam or Legit Money Maker?
My BitWings Q and A Section
In this section of my BitWings review, I am going to answer some of the questions that people may have when thinking about joining the company.
Is BitWings BBB Accredited?
No, BitWings is not accredited with the BBB at this time which is not an indication that the company is a scam in any way.
There are a ton of companies that are not accredited with the BBB that has been running for years so not having accreditation or listing is not a factor for me to determine if a company is a scam or not.
I really only use the BBB for a reference and to read any customer reviews that have been left.
What’s The Cost To Join BitWings?
BitWings offers membership levels and the minimum cost to join the investment opportunity is $100.
You do have the option to join at higher costing levels which the company claims will pay you more through the ROI that they offer and those levels reach up to $10,000.
Is BitWings A Scam?
Let’s answer the question that many of you have been waiting for which is…
Is BitWings a scam or a legitimate opportunity that you can join and be safe to know that it will be around for a long time and not shut down?
Well, looking through all of the information that I found on the company and the opportunity, I can’t say that it is a scam at this time.
However, I cannot say that it is safe to join or would I say that as of right now I would think it will be around for a while either.
One of the major flaws that I see with the business model is that they are heading to offer guaranteed returns on your investment which the company would need to be registered in any country that they are doing business in to offer securities which they are not.
The company also claims that they are looking to do business in the USA within a year but it would take a huge amount of money and go through a legal system to get a license with the SEC in the USA to offer securities which I really don’t see happening.
If they pull it off, then great, but as of right now, they are not operating with any valid licenses to do so in any country that they are doing business in which doesn’t seem to be a concern right now but could be a concern in the future when they start increasing the value of their BWN coin token.
The things that I see can be fixed, but not sure if they will do it or if they can fix it after they grow to a certain size?
If you do decide to move forward with the company, I would just tell you to know the risks.
With that said, let’s finish up.
My Final BitWings Review and Thoughts
In the final section of my BitWings review, I am going to share my final thoughts and recommendation about the company and the opportunity that they offer.
I have taken the time to research and review the information about the company, the products, and the compensation plan and found some interesting things about them.
I have also shared my thoughts on whether or not I think BitWings is a scam or not and left my opinions and thoughts in the above section.
At this point, you should know more about what BitWings is and what they can potentially offer you.
What are your thoughts up to this point?
But here is the question…
Would I Recommend Joining BitWings?
You know have all of the information that you would need to make an educated decision on whether or not you think BitWings is the right opportunity for you to join or not.
If you were to ask me if I would join, I would have to say no due to the concerns that I listed above and I feel it is too risky for a long-term business venture.
With that said, I hope you enjoyed my BitWings review.
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