Keep in mind that the most important question you need to ask yourself to keep you safe when choosing a cryptocurrency investment and trading company is: are the numbers they are offering me possible and realistic? Is this investment company legit? This is going to help too much in choosing the best platform to trade. So today we ask ourselves What is Bit Trade?
Product: Bit trade Exchange
Owner: The person in charge is in name of Phillippe Nicolas.
Price: Starter Pack for $100
Who is it for Cryptocurrency traders
Have you been hearing a lot about Bit Trade lately? There is a lot of hype happening for Bit Trade, and people are pitching the opportunity all over the place, especially on social media. The first thing I should tell you is that I am not associated with Bit Trade in any way. I have gathered all the possible facts about this opportunity in my “what is bit Trade?” Review so that you can know the full truth before signing up. Is Bit Trade a scam? Or is it really legit? Will I be able to make real money with it? I will tell you all in my Review of Bit Trade. Let’s get going!
What Is Bit Trade?
Bit-Trade is one of the latest MLM opportunities to hit the scene, and it operates within the popular niche of cryptocurrency. The company is based out of Vancouver in Canada, and the person in charge is supposedly a man by the name of Phillippe Nicolas. Nicolas is represented with a stock photo of a white male in a suit, and this is the same photo you’ll find on a lot of other sites. This is a sure sign that Phillippe Nicolas doesn’t actually exist, and it’s also likely that Bit-Trade doesn’t have any physical presence in Canada. The domain name for Bit-Trade’s website was registered on July 28, 2017, but because this was done privately, it’s impossible to see who the owner of the domain is or where the registration physically took place. Also, at the time of writing this review, Alexa rankings show that a whopping 100% of all site traffic for Bit-Trade comes out of India. Because of this, India is more than likely where Bit-Trade is being operated from.
What Will I Be Selling With Bit Trade?
When it comes to its product line, Bit-Trade doesn’t have much of anything to show for. No goods or service are being sold to retail customers, and with this, you won’t find any retail sales activity. This results in affiliates having only the affiliate membership to offer to folks looking to join a new income opportunity, and this is something that’s only really seen with entities in the MLM underbelly.
About The Compensation Plan For Bit Trade
What is bit trade? As an affiliate for Bit-Trade, you’ll need to invest bitcoin so you can start earning an ROI for 250 days.Bit-Trade has a few different investment tiers that you can choose from, and they include the following:
- Starter Pack for $100
- Standard Pack for $200
- Ultimate Pack for $500
- Professional Pack for $1000
- Investor Pack for $5000
It’s not disclosed on Bit-Trade’s site how much of an ROI (Return on Investments) is offered with each Pack, but it’s assumed that investing more will allow you to earn a larger ROI. Along with this, affiliates can also earn on referral commissions. Referral commissions are paid using a unilevel system, and with this, affiliates earn 0.1% on Level 1 recruits and 0.05% on Level 2.
The Membership Fee For Bit Trade
If you’d like to join Bit-Trade, you can start for free and earn on only referral commissions. However, earning on these and the ROIs will require an investment of $100 or more.
“years of trading experience in the crypto-currency markets” and that “Our professional team of traders is ready around the clock to provide you a steady income with your only effort to register and invest in our plans.”
This might sound good on the surface, but what’s important to take note of is the fact that Bit-Trade doesn’t prove that any of this exists. Instead, the only revenue the company’s making is that of affiliate investments. I would suggest that you look for another place to invest your hard-earned money. Bit Trade is not recommendable.
When new people join Bit-Trade, the money they invest is used to pay ROI liabilities that Bit-Trade owes to other members. This results in a Ponzi scheme, and they’re illegal. What is bit trade? Like all other Ponzi schemes, Bit-Trade will collapse once investments stop coming in. Most people will lose out, recovering lost funds will be impossible, and only the anonymous admin(s) will earn anything of real value.
Because of all this, I highly recommend you run away to safer grounds.
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I wish you the best!
Crypto trader and blogger on: