Welcome to my Crypto Bit Trade Review.
One thing that we need to learn about is to find out if Crypto Bit Trade is a scam or not.
We wouldn’t want to lose out on all the time and all the money that we invest in a money-making opportunity just to lose it all later on.
We always want to see a company turn out to be legitimate and comply with all the regulations and laws that are required but when a company is a scam, we will definitely let you know.
We are going to dig into the information about the company, the products, and how the compensation plan works, and how you make money with it.
With all the buzz that we found around the web on this company, we wanted to learn more about it.
With that said, let’s dig in and see what we can learn about Crypto Bit Trade.
Crypto Bit Trade Review – What Is It?
Crypto Bit Trade is an MLM opportunity that offers the ability to earn money through the promised daily ROI they offer and by referring others and building a team of investing affiliate members.
As of the time of this review (2019), we have not seen any company website pop up, so we feel that this company is shut down at this time.
The niche that we would consider Crypto Bit Trade is in would be the cryptocurrency trading and education niche.
When looking at any company website that offers an income opportunity we like to see who owns it.
This gives us the ability to check out the background information and the experience that the owner has.
Crypto Bit Trade is owned by Joe Yagudaev and Ramon Escalera.
Ramon jumped into the scene with the company, 25 Dollar Legacy as one of the management members.
25 Dollar Legacy collapsed and was shut down, and so Ramon launches the company Platinum World Team Build.
Platinum World Team Build at this time seems to collapsed and was also shut down.
Now, it looks like Ramon is promoting another company called Nspire Network through the social media channels that he is with.
It looks like Joe was also an owner of a company called Elite Profit System and has been shut down or collapsed.
There seems to be a lot of experience running or promoting short-term opportunities with the information we dug up on both owners.
That is all we have on the details about the Crypto Bit Trade products, let’s continue.
Another great review: Magnus Capital Center Review – Scam or Legit? Compensation Plan Breakdown
Crypto Bit Trade Products Review
In this section of the review, we are going to share the details about the products that Crypto Bit Trade offers.
When you have an MLM company you simply need to offer retail products when compliance is concerned.
Unfortunately, Crypto Bit Trade does not offer retail products or services for customers.
When you become an affiliate member by investing, you get access to trading software and training.
The training is called “CBT Academy” and offers training on everything cryptocurrency from:
- Setting Up Wallets
- and more…
That is all the information that we have on the products that the company offers, let’s continue.
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The Crypto Bit Trade Compensation Plan Breakdown
In this section of the review, we are going to reveal the information on how the Crypto Bit Trade compensation plan works and how you make money with it.
The way that Crypto Bit Trade is set up, you can make money with the promised ROI and through referral commissions.
- ROI Commissions
- Referral Commissions
You will be able to invest 0.1 to 16 bitcoin and get a 200% ROI that will be paid out at a rate of 1 percent per day.
Here is a breakdown of the daily ROI percentage you can with the investment level that you are at:
- When you invest 0.05 BTC you will get a 5% binary commission on the weaker leg with a cap of 0.1 BTC per day or 3 BTC per month.
- When you invest 0.1 BTC you will get a 7% binary commission on the weaker leg with a cap of 0.2 BTC per day or 6 BTC per month.
- When you invest 0.3 BTC you will get a 10% binary commission on the weaker leg with a cap of 0.6 BTC per day or 18 BTC per month.
- When you invest 0.5 BTC you will get a 13% binary commission on the weaker leg with a cap of 1 BTC per day or 30 BTC per month.
- When you invest 1 BTC you will get a 15% binary commission on the weaker leg with a cap of 2 BTC per day or 60 BTC per month.
- When you invest 2 BTC you will get a 17% binary commission on the weaker leg with a cap of 4 BTC per day or 120 BTC per month.
- When you invest 4 BTC you will get a 20% binary commission on the weaker leg with a cap of 8 BTC per day or 240 BTC per month.
- When you invest 8 BTC you will get a 25% binary commission on the weaker leg with a cap of 16 BTC per day or 480 BTC per month.
- When you invest 16 BTC you will get a 30% binary commission on the weaker leg with a cap of 32 BTC per day or 960 BTC per month.
Binary Compensation Plan Breakdown
For those that are not familiar with how the MLM binary compensation plan works, here is a quick breakdown:
- Binaries have only 2 legs
- The leg with the less investment amount will be considered the “weaker” leg
- You get paid commissions based on the volume on the weaker leg that is matched on the bigger leg.
- Once commissions are paid out the volume match on each leg will be deducted.
- The volume that was left over on the bigger leg will roll over.
- Each leg can be built down to unlimited levels
- Each leg can be built by direct and indirect sponsoring
- Each leg will have its own point system which is based on the investment amount.
- You will need a personally sponsored member on your left and right leg in order to qualify for the binary commissions.
Hopefully, that makes it more clear on how the binary for Crypto Bit Trade works.
One Time Bonus Commissions
Crypto Bit Trade also offers one-time bonus commissions.
By reaching these qualifications will also give you a rank in the company.
Here is a breakdown of the qualifications, ranks, and one-time bonus commissions that you can earn:
- Sapphire Rank – Personally sponsor 50 investing affiliate members and earn a one-time bonus of $25,000.
- Emerald Rank – Personally sponsor 100 investing affiliate members who have invested an average of 2 BTC and earn a one-time bonus of $50,000.
- Diamond Rank – Personally sponsor 200 investing affiliate members and earn a BMW or Mercedes of your choice.
- Blue Diamond Rank – Personally sponsor 500 investing affiliate members and earn an Exotic car of your choice.
- Black Diamond Rank – Personally sponsor 1,000 investing affiliate members and earn a house up to $1 million.
This is all we have on how the Crypto Bit Trade compensation plan works and how you make money with it, let’s continue.
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Crypto Bit Trade Q and A Section
In this section of the review, we are going to answer some of the questions that people may have when thinking about joining the Crypto Bit Trade opportunity.
Is Crypto Bit Accredited With The BBB?
No, Crypto Bit Trade is not accredited with the Better Business Bureau at this time.
However, this is not an indication that Crypto Bit Trade is a scam, it just means that the company does not have a listing or a rating in the BBB.
Several companies that are 100% legitimate are not listed on the BBB, this is normal.
I usually only refer to the BBB for additional company information and also to compare the reviews and testimonials with other resources that I look to for reference.
How Much Does It Cost To Join Crypto Bit Trade?
To join Crypto Bit Trade as an affiliate member will require an investment.
The minimum cost to join is 0.05 BTC, but they offer several package levels that will come with extra income advantages, the higher cost package that the company offers.
There is a total of 9 packages available that are broken down like this:
- CBT 1 Level – This level will cost 0.05 BTC and is the only level that does not offer the daily promised ROI, only the referral commissions.
- CBT 2 Level – This level will cost 0.1 BTC
- CBT 3 Level – This level will cost 0.3 BTC
- CBT 4 Level – This level will cost 0.5 BTC
- CBT 5 Level – This level will cost 1 BTC
- CBT 6 Level – This level will cost 2 BTC
- CBT 7 Level – This level will cost 4 BTC
- CBT 8 Level – This level will cost 8 BTC
- CBT 9 Level – This level will cost 16 BTC
Income potential through the Crypto Bit Trade compensation plan is the main difference between the above packages.
Is Crypto Bit Trade a Scam or Legit Opportunity?
In my opinion, the company sounds like a great program to join if it wasn’t for the lack of retail products.
To call it a scam would be a bit overboard, but to call it not in compliance would be a better fit.
Since it is not in compliance with the MLM laws, it makes the program a Ponzi Scheme when you look at what the FTC says about MLM programs.
Related articles: Cryptocurrency MLM Reviews, Scams, and Compensation Plans
My Final Crypto Bit Trade Review and Thoughts
In this final section of my Crypto Bit Trade review, we are going to share our final thoughts about the opportunity as a whole.
That’s what we have, and this is the end of our review on this opportunity.
We have covered the information on the company, the products they offer, and how the compensation plan works, and how you make money with it.
We also discussed why we felt it was on the borderline of being a scam, or what I should say is that they need to offer retail products due to the MLM factor to comply.
At this point, you should have an excellent idea of what the Crypto Bit Trade opportunity is, how it works, and how you make money with it.
What do you think about it?
But here is the question…
Would we recommend the Crypto Bit Trade opportunity?
No, we would not recommend the Crypto Bit Trade opportunity at this time due to it, not offering retail products.
As a matter of fact, I think the company collapsed or was shut down as of writing this review in early 2019.
Other than that, we think it is a really good program overall.
We hope you enjoyed our Crypto Bit Trade review.
Before you go, make sure to click on the social share buttons on this page and share it with others so that people can learn exactly what the Crypto Bit Trade opportunity is really all about.