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SnapBots Review – A 5% Monthly Profit Ponzi Or Legit Income Opportunity?

Welcome to my SnapBots review!

If you are looking to learn more about the SnapBots opportunity that has been getting some interest lately, then you’re in the right place.

I am going to take a full look into the opportunity by taking the time to research the SnapBots company, the products they offer, and how you can make money with them.

I am going to publish all the information that I find for you below and then in the last section, I will share my overall thoughts and recommendation based on the information I found on whether it is a good idea to join or not.

SnapBots Review

I see a lot of opportunities online that promise the world but end up having to close down due to poor or scammy business practices, let’s hope this is not another one of those.

With that said, let’s get started and see what SnapBots is all about.

What Is SnapBots?

What Is SnapBots

SnapBots is a trading and investing platform where new investors simply have to invest to earn a promised ROI each month. The returns that are made are done through the company’s trading AI bots. The company also has an additional way to earn more money through their referral compensation plan that earns on new member’s investment and their returns.

I would say that this company is in the investment and cryptocurrency trading niche.

Company Details

The company website doesn’t offer any information about who is running it or about the owner.

The company itself says that they are a type of cryptocurrency wallet that they call “Snap Wallet” that is supposed to support several cryptocurrencies like BTC, LTC, ETH, USDT, and SNAP coin which is their own coin.

The members of SnapBots “according to the company” have the choice of 3 different trading strategies within Snap Wallet, but can also hold. The trading within the wallet happens 24 hours a day.

When digging online to try to find out who is running the company, I came across a profile listing on LinkedIn that says that Bernard Ong is the CFO of SnapBots.

SnapBots CFO Bernard Ong

The listing says that the listing was created in Singapore which tells me that that is where Bernard is from.

Additionally, I found that Bernard was the “CEO” for Torque Trading which was a company that collapsed due to being a money game that offered no real trading and the only profit that was being produced was from new member’s investments.

SnapBots was launched shortly after the collapse of Torque Trading which would tell me that SnapBots is a reboot in some way.

Another reason why I am assuming it is a reboot is that many of the same “executives” or people that were listed on the Torque Trading company website are the same in SnapBots.

It appears like they are trying to hide that fact but when you do some digging, you can clearly see the similarities between the 2 companies.

With that part covered, let’s continue.

Another great review: GSPartners Review – Legit Crypto MLM Or Big Scam?

Does SnapBots Offer Any Products Or Services?

SnapBots Products and Services

In this section of my SnapBots review, I am going to check out any of the products and services they offer and share that information with you below.

When you join SnapBots as a member, you will get access to their Robo trading advisors, and other trading-related items like trading chart patterns.

The company also has its own cryptocurrency wallet called SNAP Wallet that acts like a traditional cryptocurrency wallet on the market like Coinbase for example.

The wallet will give you the ability to upload and hold various cryptocurrencies, stake, and also earn.

The wallet is where you will have the ability to convert your SNAP over to BTC or a different Cryptocurrency to send to your regular wallet outside the company.

The wallet is also where you will send your investment to join the opportunity.

As far as any retail products or services that the company offers, there were none to be found.

The only thing that you can do is join as an affiliate member and earn from the promised ROI that the company promises and through their affiliate compensation plan.

With that covered, let’s continue to the next section.

Another great review: Beurax Review – A Total Waste Of Time Or Real ROI Profits?

How Do You Make Money With The SnapBots Compensation Plan?

In this section of my SnapBots review, I am going to share the information that I found about how you can make money with SnapBots.

The company currently is in a pre-value phase for their SNAP coin at the moment.

As time goes on, the company claims that its SNAP coin value will rise.

"Earn A Passive Income Of $500 - $20k Per Month!"

All members have the promise of earning a good ROI when investing in their SNAP coin over time.

Additionally, the company also promised a monthly return on your investment of 2% to 5%.

This would be part of the SnapBots compensation plan that involves investing and returns.

Referral Commissions

The second part of the way that you can make money with SnapBots involves referral commissions.

The company offers a 2-level affiliate compensation plan that works like a unilevel.

  • The first level of your unilevel will only have your personally recruited/referred members on it.
  • The second level of your unilevel will only have members that your level 1 people personally recruited/referred on it.

To qualify to earn referral commissions on 2 levels, you must purchase at least 1000 SNAP coins that are provided by the company.

If you purchase less than the 1000 SNAP coins, then you will only qualify to earn from your personally recruited/referred members.

Once you qualify, then you can earn from the investments of your team members on your first and second levels.

  • Level 1 will pay you 30% on the investments from your personally recruited/referred members.
  • Level 2 will pay you 15% on the investments made from all the members that are on your second level.

That is all there is to how you can make money with the SnapBot opportunity, with that covered, let’s continue to the next section.

Another great review: Copy Pro Traders Review – Legit Trading Profits Or Is It All Fake?

My SnapBots FAQ Section

In this section of my SnapBots review, I am going to answer some of the questions that you might have if you are thinking about joining.

What Do I like About SnapBots?

Here are some of the things that I like about SnapBots:

  • I like that the company is said to offer trading options with the promise of returns on your investment.
  • I like that they offer their own crypto wallet where you can trade and hold your crypto.
  • I like that they are running a company in the cryptocurrency niche which is a currency that I believe that everyone should have a stake in.

What I Don’t Like About It?

Here are some things that I don’t like about it:

  • There is no proof that real trading is actually taking place.
  • I don’t like that you have to invest in the Snap wallet in order to trade with their ai and earn your promised ROI.
  • I am worried that SnapBots is using the same model that got them into trouble with Torque Trading which is a high possibility.

What’s The Cost To Join SnapBots?

The minimum cost to join SnapBots will require a 1000 SNAP coin fee. The fee will require the amount equivalent to USDT coin.

SNAP is valued at .85 cents compared to USDT which USDT is equivalent to $1 at the time of writing my SnapBots review. This will get converted to SNAP coins when you join.

With that covered, let’s answer the question that you might be asking which is…

Is SnapBots A Scam Or Is It Legit?

Is SnapBots A Scam or Legit Opportunity

In my opinion, I honestly can’t say that SnapBots is a scam at this time.

There are many things about SnapBots that have me concerned like the fact that the company appears to be a reboot or a “retry” of a failed and collapsed company that was named Torque Trading.

Within that answer, if they were using the same business model that they were using for Torque Trading, then I would be very worried about their future.

With that said, let’s finish up.

My Final SnapBots Review and Thoughts

In the last section of my SnapBots review, I am going to finally share my thoughts and tell you what I think about it.

I have taken the time to research all the aspects of the SnapBots opportunity like the company details, the products or services they offer, and how you can make money with them along with some of their history.

At this point, you should have a good idea about what this company is about and what kind of opportunity they offer.

What are your thoughts up to this point?

But here is the question…

Would I Recommend SnapBots?

After looking through all the details that I just shared with you, I think that it would be best to make your own judgment on whether you think SnapBots is the right opportunity for you or not.

If you were to ask me if I would join, I would have to say no based on the history of what I found with the company.

With that said, I hope you enjoyed my SnapBots review.

If you found my review helpful, please leave a comment below and share my article by clicking on the social share buttons below to support my blog.

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