BitsTrades Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, BitsTrades has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell BitsTrades in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for BitsTrades.
I wanted to gather all the information about BitsTrades in my BitsTrades Review in order for you to make a decision about joining BitsTrades.
Is BitsTrades legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of BitsTrades.
Read on to find out what you need to know.
What The Heck Is BitsTrades?
On the official website for BitsTrades, there’s not much to see in regards to background info.
Despite looking and searching as much as possible, I wasn’t able to find any mention of who owns the company, where it’s located, or when it was founded.
I can see that the domain name for BitsTrades’ site was registered on July 20, 2016, but even then, the private nature of the registration makes it impossible to know where it took place or who the domain owner is.
With that said, it’s worth mentioning that the current site for BitsTrades wasn’t live until after September, 2017. Prior to that, the site was being used as the home of an “index trading investment” scheme.
Alexa rankings reveal that traffic to the BitsTrades domain peaked in November of last year, and this is likely when the current version of the company launched.
With all that said, here’s what the company has to offer.
What Are The BitsTrades Products?
Looking at BitsTrades’ product offerings, there’s not a single thing worth mentioning.
No goods or services are being sold to retail customers, and because of this, it’s impossible for there to be any retail sales activity.
A setup like this results in affiliates only having the affiliate membership to offer to those looking for a new income opportunity, and this is usually a sign that you’re dealing with some sort of scheme or scam in the MLM underbelly.
What About The Compensation Plan For BitsTrades?
Moving over to the compensation plan, BitsTrades affiliates are asked to spent real money on BSS points that are generated by the company’s owners.
These points can be purchased and sold between other affiliates through the use of an internal exchange, and at the time of writing this review, BSS points are selling for 2.50 EUR each.
Affiliates then lend these points back to BitsTrades after buying them to earn an ROI, and the available investment tiers work out as follows:
- Members earn an ROI for 289 days after investing 100 to 1000 EUR
- Members earn an ROI for 259 days after investing 1001 to 2500 EUR
- Members earn an ROI and 0.1% bonus for 229 days after investing 2501 to 5000 EUR
- Members earn an ROI and 0.2% bonus for 169 days after investing 5001 to 10,000 EUR
- Members earn an ROI and 0.25% bonus for 110 days after investing 10,001 to 100,000 EUR
BitsTrades does offer referral commissions, but specifics on how it works are given.
With that said, a bit of promotional copy does give us some idea of how its set up:
“Our affiliate program helps you earn 10 level commissions from your referrals. You will earn 19% total referral income starting from 5%.
We offers [sic] invite based affiliate program, the more you invite, the more you earn.
This program earns you from 0.5% to 5% of each deposits your referral make. There are ten affiliate levels.”
What’s The Cost Of Joining BitsTrades?
If you want to join BitsTrades for whatever reason, you can do so for free and earn exclusively on referral commissions.
However, choosing to invest at least 100 EUR will allow you to earn on these and the offered ROI.
So, Is There A BitsTrades Scam Going On?
Have you been hearing rumours that BitsTrades is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a BitsTrades scam going on?
If I am being perfectly honest, BitsTrades isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My BitsTrades Review And Conclusion!
Per its website, BitsTrades claims to posses “volatility software” that’s capable of generating revenue for the ROI.
“A software is involved which calculates the interest rate occurred on your investment on a daily basis.”
However, as the story often goes, there’s no value to what’s being said here.
The only money actively coming into BitsTrades is that of affiliate investments, and with this, newly invested funds are used to pay ROI liabilities owed to other members.
This results in BitsTrades being a Ponzi scheme, and like all other Ponzi schemes, will see the company collapsing once investment activity dies down.
Unless lost funds and plenty of headaches sounds like fun to you, I’d advise looking elsewhere for a new opportunity.
I really hope you have gained value from my BitsTrades Review.
I wanted to make sure you had all the information you needed, because most other BitsTrades reviews are just trying to sell you something.
If you really do decide to join BitsTrades, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!