Welcome to my Kryptogenex review.
One of the questions that we always need to know is if the opportunity that we want to join is not a scam.
We wouldn’t want to join a company like Kryptogenex and find out later on it is not a compliant company that ends up getting shut down, and we end up losing all the time and money we invested.
We are going to take a look at the information on the company, the products, and the compensation plan to learn if Kryptognex is a legitimate opportunity.
The reason why I decided to take a closer look is that I started to see more promotions online about it and wanted to learn more about it.
Before you go, if you find value in this review, make sure to click on the social share buttons on this page to share it with others.
With that said, let’s dive down and get started.
Kryptogenex Opportunity Video
In this section of the review, we are going to take a look at the presentation video that was produced by a member of the company.
I want to first say that this video presentation is biased, but we are going to dive in deeper to actually see if the company is not a scam and in compliance even though this presentation might seem amazing, we still need to see what really is going on.
Kryptogenex Company Overview
In this section of the review, we are going to look at information about the Kryptogenex company information.
When taking a look at the company website information, we couldn’t find who runs or owns this company.
We decided to take a look a little deeper and check out the domain name information.
Here is what was found:
- The domain name ” kryptogenex.com” was registered on 1-16-2018.
- The domain name was registered privately.
There is no additional information that was revealed with the domain name lookup since it was registered privately.
However, when looking around at some videos, I was able to find the names Stephen McCullough, Jeramie and Kathy Keen, Will Fjetland, and Mike Boggs mentioned as the founders.
It seems like a couple of them was involved with past business ventures that did not end well and were forcefully shut down.
But, they were members and not owners.
That is all I really have about the company information with the limited data I was able to find.
With that said, let’s move on to the next section.
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Kryptogenex Products Review
In this section of the review, we are going to take a look at the Kryptogenex products they have to offer.
The company does offer a customer purchase only that will cost you $250 for cryptocurrency and bitcoin training.
That is all there really is to the products that Kryptogenex offers, let’s move on to the next section.
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Kryptogenex Compensation Plan Breakdown
In this section of the review, we are going to take a look at the Kryptogenex compensation plan structure and how you earn commissions.
One of the things that stands out with this type of cryptocurrency company is that they offer retail products.
One of the ways that you get paid as an affiliate member is by selling the $250 bitcoin and cryptocurrency education products to customers.
When you join as a customer or as an affiliate member the cost will be $250.
When you sell the educational product you earn $100 in commissions either to a customer or to an affiliate personally referred member.
Customer Acquisition Bonus
When you sell to retail customers the company will offer you an extra $25 for retail sales.
The company also offers a special bonus that will earn you a MacBook Pro when you sell 100 retail memberships.
Kryptogenex also offers residual commissions that are paid using the MLM binary compensation plan structure.
A binary is structured in 2 legs that reach an unlimited depth.
To qualify you usually have to have a personally referred on your left and on your right leg that is always active.
The commissions are paid out on the leg that has lesser sales volume that is generated from direct and indirect sponsorships.
When you sell to retail customers, you earn 1/2 a point, and affiliate members will earn you a full point.
The binary is capped at paying out $50k in commissions per week.
All residuals are paid through a binary compensation plan which has two legs you can build volume in…
When you get a retail customer, it’s considered half a point where an affiliate is a full point.
The binary is capped at $50,000 per week.
Kryptogenex also offers a matching bonus that pays a 10% match on your personally referred member’s residual earnings per week that are earned from their binary compensation plan.
When you personally sponsor someone, you get a 10% match on their residuals.
That is all I have for the compensation plan details, let’s move on to the next section.
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In this section of the review, we are going to cover questions that one would have when thinking about joining the Kryptogenex opportunity and answering those questions.
Is Kryptogenex BBB Accredited?
No Kryptogenex is not accredited with the Better Business Bureau.
However, because the company is not accredited does not mean it is a definite scam company or even a legit one.
All it means is that it is not listed with no further information provided on the BBB website.
How Much Does It Cost to Join Kryptogenex?
The cost to join Kryptogenex will cost $250 for a retail customer or for an affiliate member with an additional $50 annual fee for affiliate members.
All payments are done using the Bitcoin cryptocurrency only.
Let’s move on to the next section of the review where many of you came for which is…
Is Kryptogenex A Scam?
In my opinion, yes Kryptogenex is a scam company.
Here are my reasons why:
- They claim to have something called “cryptographic asset management”, which I believe is passive commissions.
- Because the company offers passive commissions, there is no documentation that states that they are registered with the SEC.
- The customer percentage that is required to be in compliance I see being a problem once the company gets bigger.
The main issues that I see are that the company seems to be trying to look as compliant as possible to get away with offering the passive ROI model that is known to be illegal.
Unless they come up with some proof of sustainable profits, the company is either going to collapse eventually with more members joining, or the SEC is going to come in and shut them down.
Related articles: Cryptocurrency MLM Reviews, Scams, and Compensation Plan Breakdowns
My Final Kryptogenex Review and Thoughts
In this section of the review, I am going to share my final thoughts on the Kryptogenex opportunity.
One of the things that throw a curveball my way is that they offer what is called this “crypto asset management software” for you.
This basically is a cryptocurrency trading robot that is supposed to make all the trades for you and supposedly help you earn money on auto-pilot which sounds incredible.
And trust me, I am all for using software to help me earn more money, but here is the issue.
The SEC doesn’t think this is a Kosher way of doing business and claims that when you do automatic trades that are supposed to earn you money automatically they see it as you are earning unregistered securities.
Now, I am no lawyer or ever claim to be one, but this software is not really mentioned until you get on the inside.
This is why I feel they know this is not totally legit and is why they leave that part of the equation off of the company website.
Either way, it is totally up to you if you want to gamble with your money.
I am just here to share what I found out about the company with you.
So, with that said, would I recommend the Kryptogenex opportunity or join it myself?
No, I will have to take a hard pass on either recommending or join this opportunity.
I hope you enjoyed my Kryptogenex review.
Make sure to click on the social share buttons on this page and share it with others so that people can know exactly what the Kryptogenex opportunity is really all about.