CryptoBitX Review – Is This A Good Opportunity Or Big Scam?
CryptoBitX 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 CryptoBitX.
I have simply gathered for you all the facts in this CryptoBitX Review in order for you to make a proper decision about it.
So, is it true? Is CryptoBitX a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is CryptoBitX?
CryptoBitx has been creating for a bit of buzz and talk in the MLM world lately, and with all of that going on, I decided that now would be a better time than ever to conduct my full review of the opportunity to see just what it is that it’s bringing to the table.
Unfortunately, the company makes a rather poor first impression when looking through its website.
The look of the site is fine, but the actual content that’s present here – or rather, the lack thereof – is a bit suspicious.
There isn’t any available info in regards to who owns CryptoBitx, or originally founded it, who’s managing things on a daily basis, where in the world it’s based out of, etc.
I was able to find a page on the CryptoBitx website that’s titled as “about us”, but at the time of this writing that page is simply blank with no content present on it at all.
All of this creates for the feeling that the person running CryptoBitx is trying to remain as anonymous as possible for a reason, and that’s never a good feeling to have when looking through an MLM opportunity.
Despite all of these road blocks, I was able to finally associate a name and face with CryptoBitx.
The domain name for the CryptoBitx website was initially registered on December 20th of 2016. The registration for the domain provides an address in Dubai and also cites someone by the name of Faisal Kamal of Dubai Petroleum as the owner of said domain.
After doing a bit of research and digging into Kamal, I was able to learn that CryptoBitx is not the man’s first attempt at launching an opportunity in the MLM realm.
Prior to the launch of CryptoBitx, Kamal was the sole admin for a company by the name of FastBTC. FastBTC was a company that saw affiliates gifting money to one another through the use of bitcoin, and all activity was tracked and organized through the use of a 2×3 matrix system.
I tried visiting the FastBTC website to see if it was still active, but at the time of this writing the site is not responsive at all.
This suggests that FastBTC is no more, and this is very much so what likely prompted Kamal to go on and launch his next opportunity – CryptoBitx.
What Are The Products For CryptoBitX?
After everything I’ve already talked about, it shouldn’t come as too much of a surprise that CryptoBitx is an MLM opportunity that’s operating without any sort of product line in place at all.
No product line for an MLM setup means that there aren’t any goods or services that retail customers can purchase, and it also creates for a situation in which there’s a complete lack of any retail sales activity at all.
Affiliates are left with nothing more than the affiliate membership to try and sell to people that might be interested in it, but that’s absolutely it.
What Is The Compensation Plan For CryptoBitX?
Moving right along to the compensation plan that CryptoBitx is advertising, affiliates make money within the company by gifting bitcoin to one another though the use of a 2×7 matrix setup.
Every level of the matrix system that’s being used here functions as its own independent tier of cash gifting, with the first level starting out by having affiliates gifting 0.001 BTC to the member of the company that initially recruited them to join CryptoBitx.
Once this payment is successfully sent out and received by the recruiting affiliate, the affiliates that gift that money are then eligible to receive 0.001 BTC from two other affiliate that are subsequently recruited into the first level with them.
This is the same general process that takes place throughout the entire matrix system, with higher levels requiring a larger gift payment and also offering a larger payment in return.
What’s Does It Cost To Join CryptoBitX?
If you’d like to become an affiliate for CryptoBitx, you’ll need to gift at least 0.001 BTC to the affiliate that initially recruited you to join the company. However, if you’d like to have full participation with everything that the compensation plan has to offer, you’ll need to increase that amount up to a whopping 9.2265 BTC.
Is CryptoBitX A Scam?
Have you heard from a friend that CryptoBitX is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about CryptoBitX – is it a scam or legit?
Good news – CryptoBitX 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.
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Let me help you make more money.
CryptoBitX Review Conclusion
With all of that said and done, it’s quite obvious that CryptoBitx is nothing more than a simple cash gifting scheme in which affiliates gift money to one another through the use of bitcoin.
This is pretty much the same exact setup that Kamal was running with FastBTC, with the primary difference being that CryptoBitx has a larger matrix system and requires larger payments of bitcoin.
Kamal likely has numerous positions preloaded at the top of the CryptoBitx matrix system, meaning that he’ll benefit the most from all activity that takes place within the company.
Once recruitment levels die down and the company begins to collapse, Kamal will make a run with all of the money he’s earned and then either lay low or launch another cash gifting setup by a different name.
As for everyone else that joins CryptoBitx, it’s quite likely that they’ll lose out in the long run.
I sure hope that you have found my CryptoBitX review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my CryptoBitX review to have all the information for you.
If you decide to carry forward with CryptoBitX, 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.