Bitcoin Step Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Bitcoin Step is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Bitcoin Step, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Bitcoin Step as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Bitcoin Step in my Bitcoin Step Review – now you can learn all you need to know about it.
Is Bitcoin Step really a legit business?
Is Bitcoin Step a safe business to join?
Let me show you in my review of Bitcoin Step.
Exactly What Is Bitcoin Step?
Bitcoin Step is the latest MLM opportunity to make an impression on my constantly active radar, but the reason it caught my eye isn’t a particularly good one.
First off, it’s obvious right away that Bitcoin Step’s website is absent of any concrete background information. This means that data on who owns the business, where it’s located, or who founded it is nowhere to be found.
Furthermore, you won’t find any info within the domain name registration in regards to where it took place or who the owner of the domain is.
This results in Bitcoin Step appearing incredibly faceless, and with MLM, that’s never never a good sign.
Despite these couple of rather large roadblocks, I was able to come to the conclusion that Bitcoin Step is based somewhere out of Russia.
There isn’t anything on the company’s website that states it’s located here, but there are plenty of breadcrumbs scattered throughout it that make this quite obvious.
Just what are these breadcrumbs though?
Along with the Bitcoin Step website being hosted on a server over in Russia and parts of the source code being written in Russian, various customer testimonials are presented in the Russian language and the country of Russia accounts for the second largest source of traffic (Germany is the first).
What Is The Bitcoin Step Product Line?
Moving over to the product line side of things, this is another area where Bitcoin Step is horribly lacking.
Here we have yet another MLM setup that has decided to not offer any amount of goods or services to retail customers, and as such, there’s a complete lack of retail sales activity.
Affiliates for Bitcoin Step have nothing more than the membership itself to the compensation plan to offer, and if someone does decide to sign up with this, they will also gain access to “business development tools.”
There isn’t any detail given as to what these “tools” actually consists of, but my guess is that they aren’t a main area of focus for Bitcoin Step at all.
What Can You Tell Me About The Compensation Plan For Bitcoin Step?
That’s because all of Bitcoin Step’s focus has to do with its compensation plan.
I tried to make as much sense as I could out of what I have to work with, but the explanation of the compensation plan on Bitcoin Step’s website is awfully confusing and complex.
One of the things I was able to make out is the fact that there appears to be the presence of a matrix cycler system.
There are two matrices that I was able to find (a 2×3 and 2×4 one), and affiliates get involved with these systems by purchasing positions and then cycling into higher spots by recruiting other people into them.
The first matrix position costs 0.05 BTC with a commission of 0.25 BTC, and the fourth and final matrix advertised an eventual commission of a whopping 82.75 BTC.
In addition to this, members are also apparently paid directly for recruiting other people to join the affiliate program.
Commissions here are paid to members after they first cover a fee, and there are four main levels through which affiliates can pay a fee and then recruit new members in order to get some money in return.
As an example, Certificate 2 of this setup costs 0.1 BTC and the pays a commission of 0.1 BTC for the next 25 people that you recruit into it.
Similarly, Certificate 3 costs 0.3 BTC and pays a 0.3 BTC commission for 125 recruits.
What Will It Cost To Join Bitcoin Step?
If you’re interested in what Bitcoin Step has to offer and you’d like to join it, you’ll need to pay between 0.06 BTC and 2.46 BTC in order to be active with everything that this confusing plan has to offer to its members.
There are various fees involved for recruitment commissions and the matrix system, so figuring out what your exact costs will be depend on how deep you decide to go into either system of money-making.
Is Bitcoin Step A Scam?
If you have heard that Bitcoin Step is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Bitcoin Step a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My Bitcoin Step Review
Bitcoin Step is a very peculiar company, and that shines through quite a bit throughout this review. I’m not sure why the compensation plan is laid out and explained in such a complex manner, but one reason could be a result of poor translation from Russian to English.
In any case, there’s no doubt at all that Bitcoin Step is a Ponzi scheme.
Newly invested funds are used to pay off commissions for members that already exist within the company, and this is the exact function of a Ponzi setup.
Like all Ponzi scams that have appeared before it, Bitcoin Step will be on its way out the door once recruitment and investment activity finally dies down.
Only the anonymous admin will earn anything once all is said and done, leaving most everyone else to end up losing out.
I definitely hope you have found value in my Review of Bitcoin Step.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with Bitcoin Step, make sure you take the time to learn how to market yourself!
My training below can help you with that.