What is Eagle Bit trade? I tell you all about it in my Review of Eagle Bit Trade. My goal is to gather all the facts in one place for you so you can do your research – here is my Eagle Bit Trade Review.
Product: Eagle Bit trade Exchange
Website: www.eaglebittrade.com
Owner: It is mentioned that Edson Junior is the company’s President
Price: Basic — Pay $97 followed by $17 each month
Who is it for Cryptocurrency traders
If you’ve been paying attention lately, you’ll notice that Eagle Bit Trade has been getting a lot of hype. Because it’s new, it’s getting a lot of buzzes and if you’re in an online business, I am sure someone will push it on you at some point. It’s especially popular on social media at the moment. I do want to let you know that I am NOT affiliated with Eagle Bit Trade as a member or distributor.
What Is Eagle Bit Trade?
On the website for Eagle Bit Trade, you’ll see that Edson Junior is named as the President of the company. Unfortunately, aside from the name, there’s no other info about Junior to be seen. I did a bit more digging after finding this, and upon doing so, learned that Junior is also credited as being Eagle Bit Trade’s CEO in addition to its President. Edson Junior appears to be living in Sao Paulo, Brazil, but I wasn’t able to find any info regarding past MLM opportunities he’s been a part of. The domain name for Eagle Bit Trade was registered earlier this year on January 2, 2018, but because the registration was done privately, it’s impossible to see where in the world it took place or who the owner of the domain is. Aside from what’s listed here, there’s nothing else to say in regards to Eagle Bit Trade’s background info.
Bit Trade Products
As for the product line that Eagle Bit Trade is offering, there’s simply nothing to talk about. You won’t find any goods or services being sold to retail customers, and with this, the only thing affiliates have to offer ends up being the affiliate membership itself. The biggest draw to the affiliate program is the attached income opportunity, and this should act as a huge red flag. It’s perfectly normal for MLM businesses to offer income opportunities, but when you see them being offered without a product line to go along with them, that’s usually a telltale sign that something fishy is taking place.
BEST OF 2018 CRYPTOCURRENCY EXCHANGE
Eagle Bit Trade Compensation Plan
Speaking of that income opportunity, those that choose to join Eagle Bit Trade are asked to invest between $97 and $6997. Upon doing so, affiliates are told they can earn a weekly ROI that pays up to 8.5%. There are a few different investment tiers to choose from, and they work out as follows:
- Basic — Earn $32.98/month after investing $97
- Light — Earn $21/week after investing $247
- Advance — Earn $42.25/week after investing $497
- Pro — Earn $84.75/week after investing $997
- Elite — Earn $169.75/week after investing $1997
- Master — Earn $382.25/week after investing $4497
- Premium — Earn $594.75/week after investing $6997
Along with the ROIs being offered, Eagle Bit Trade members can also earn a 10% referral commission for every personally recruited member they convince to join the company.
Joining Eagle Bit Trade
In order to join Eagle Bit Trade, you’ll need to invest in one of the tiers mentioned above. However, in addition to the upfront cost that comes with each one, you’ll also need to pay a monthly fee.
- Basic — Pay $97 followed by $17 each month
- Light — Pay $247 followed by $27 each month
- Advance — Pay $497 followed by $37 each month
- Pro — Pay $997 followed by $47 each month
- Elite — Pay $1997 followed by $57 each month
- Master — Pay $4497 followed by $67 each month
- Premium — Pay $6997 followed by $77 each month
Is Eagle Bit Trade a Scam?
What is Eagle Bit trade? Have you been hearing rumors that Eagle Bit Trade 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 an Eagle Bit Trade scam going on? If I am being perfectly honest, Eagle Bit Trade 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.
Verdict
Alright, we’ve gotten through all the nitty-gritty, and now it’s time for a final verdict…and that is that I don’t think this company is 100% legit. The company says they make external ROI through forex trading, a cryptocurrency trading bot, and binary options. But where is the proof?
There is absolutely no evidence of this company doing any sort of trading, and CEO Edson Junior Amaral doesn’t seem to have any kind of history in finance or cryptocurrency trading. And here is the real head-scratcher. If this company could actually and legitimately make 8.5% weekly as ROI, why on earth would they share this money-making wonder with strangers on the internet? The truth is, the only real money coming into the company is from new affiliates who are investing. When a company uses the new investment to pay off ROI owed to existing affiliates…well that is the very definition of a Ponzi scheme. And as we have seen before, once new investment dries up, so will the money coming in. The company will collapse and affiliates will lose their investments. So, my advice here is to be careful if you are considering joining this company.
Conclusion
As for how Eagle Bit Trade is generating funds for its ROI, it touts the following story:
“The mission of EAGLE BIT TRADE, through professional traders and digital marketing experts, is to make their cryptocoins multiply daily, more and more, in a way that all participants win.
This may sound good on the surface, but it’s worth noting that there’s no proof or evidence backing up any of the claims being made. As such, it’s safe to say that newly invested funds are used to pay ROI liabilities owed to other members. In other words, we’re dealing with a Ponzi scheme. Ponzi schemes are never good news, and like all other ones that come and go, Eagle Bit Trade will fade into the darkness once investments stop coming in. Junior will profit more than anyone else, most affiliates will lose out, and recovering lost funds will be next to impossible. So, run for safety, my good people.
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I wish you the best!
Ephraim,
Crypto trader and blogger on:
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