BitXGroup Review – Is This A Good Opportunity Or Big Scam?
BitXGroup has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling BitXGroup.
I have simply gathered for you all the facts in this BitXGroup Review in order for you to make a proper decision about it.
So, is it true? Is BitXGroup a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is BitXGroup?
In the case of BitXGroup, the company’s official website is home to hardly any background information of any sort. There’s no mention of who owns the company or who’s running things on a daily basis, and this creates for BitXGroup appearing very faceless.
The domain name (bitxgroup.trade) was first registered on December 23, 2017, and while this is somewhat helpful, the fact that the domain was registered privately makes it impossible to see who the domain owner is or where the registration took place.
On BitXGroup’s website, you’ll find an incorporation number showing that the company was incorporated in the United Kingdom as “BitX Group Limited.”
This incorporation took place on December 1, 2017 with an address in London, and “Kyle Horton” is presented as the one and only Director with another address found in Hampshire.
While this looks fairly legitimate at first, there are a couple areas of concern.
For starters, the lack of background info on Kyle Horton leads me to believe that the person doesn’t exist.
Secondly, UK incorporations are incredibly cheap and easy to create and are usually used by MLM schemes as a way to hide their actual location. In other words, it’s highly unlikely that BitXGroup has any physical presence in the UK.
What Are The Products For BitXGroup?
On the product line side of things, BitXGroup disappoints here, too.
There aren’t any goods or services being sold to retail customers, and because of this, there’s no way for retail sales activity to exist.
The only thing affiliates for BitXGroup have to offer is the affiliate membership itself, and the main draw to this is the attached income opportunity.
In my experience doing these reviews, this is something that’s only ever seen with entities in the MLM underbelly.
What Is The Compensation Plan For BitXGroup?
Taking a look at the compensation plan being offered, affiliates can choose between three investment plans that all come with their own ROIs.
They work out as follows:
- Affiliates earn a daily ROI of 3.5% for 50 days after investing $20 or more
- Affiliates earn a total ROI of 135% after 540 days after investing $300 or more
- Affiliates earn a total ROI of 115% after 10 days after investing $50 or more
To supplement the money that’s earned here, BitXGroup also allows its members to earn on referral commissions.
These commissions are paid thanks to a unilevel system, and with this, can earn 5% on Level 1, 2% on Level 2, and 1% on Level 3.
What’s Does It Cost To Join BitXGroup?
If you want to join BitXGroup, you can initially do so for free and limit yourself to earning on just referral commissions.
With that said, investing $20 or more will allow you to earn on these and the offered ROI.
Is BitXGroup A Scam?
Have you heard from a friend that BitXGroup is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about BitXGroup – is it a scam or legit?
Good news – BitXGroup is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
BitXGroup Review Conclusion
BitXGroup tires to market itself as a “risk-free” company that can generate money for its ROI thanks to “mining & trading of the most popular & lucrative cryptocurrency in the digital world today.”
Furthermore, BitXGroup goes on to say:
“We are a team of Bitcoin enthusiasts who have been mining Bitcoins since its inception in 2009.
Subsequently, we also have been trading Bitcoins & making great profits.”
This information may look good on the surface, but as you look deeper, you’ll see that it’s all baloney.
Truth be told, the only money coming into BitXGroup is that of affiliate investments.
New people join, invest money, and these funds are then used to pay ROIs owed to existing members.
In other words, BitXGroup is operating as a Ponzi scheme.
Ponzi schemes typically see the admins earning the vast majority of money while most all affiliates are left to lose out with no way to recover lost funds. This is a story I’ve seen time and time again, and based on what I’m looking at, BitXGroup won’t be any different.
I sure hope that you have found my BitXGroup review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my BitXGroup review to have all the information for you.
If you decide to carry forward with BitXGroup, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.