Hey Folks, Jason here and thanks for stopping by to check out my CryptoBitX Review!
In this review, you will be able to know all the facts about CryptoBitX before you decide to join the company.
I will cover what is CryptoBitX, how much it costs, compensation plan, and more important information.
Without any further ado, let us proceed with the details…
Name of Company: CryptoBitX
Official Website: https.www.cryptobitx.com
Founder: Faisal Kamal
When Founded: December 20, 2016
Type: Bitcoin Ponzi Scheme [Illegal] Rating: 3/10
What is CryptoBitX?
CryptoBitX is another Bitcoin Gifting Scheme in the MLM niche. It is created by Faisal Kamal who hails from Dubai.
Faisal Kamal is also the past owner of another Bitcoin Gifting Scheme called FastBTC, which was a failed product for Kamal.
Upon checking out the CryptoBitX, I noticed two flaws right away and I think it is important to share this with you so that you will be in the know:
There’s no data on both the “about us” and “support” pages to tell you what the website is all about nor offer any help (very strange and possible red flags).
Having such flaws in a website does not create trust and does look very unprofessional especially to smart entrepreneurs.
Now, let us take a look to see if the CryptoBitX has any products to offer…
CryptoBitX Review – Products
There is actually no retail products nor services available when it comes to the CryptoBitX system.
If you are planning to join the CryptoBitX company with the intention to promote it to your list or on social media as a product, forget about it.
The only thing that you will be able to market is the affiliate membership itself.
CryptoBitX Compensation Plan
CryptoBitX Compensation Plan
If you are interested in participating in the CryptoBitX compensation plan as an affiliate, you will be required to gift bitcoins to other affiliates through Kumar’s 2×7 matrix plan.
The CryptoBitX 2×7 matrix plan allows an affiliate to be placed above the top of the matrix and that same affiliate would then have two (2) positions right below them.
The first level of the matrix is made up of the first 2 positions while the second level is created by adding two (2) other positions directly below them.
More levels of the matrix are created in the same way as the first two levels and go up to 7 levels.
Each new levels in the matrix hold double the position as the level above it.
So this means that each CryptoBitX matrix level functions solely as a cash gifting tier independently.
Members who are just starting out as an affiliate of the CryptoBitX will be required to donate 0.001 bitcoin (BTC) to the affiliate who sponsored them.
When this 0.001 bitcoin is paid, the affiliate member is then qualified to receive his/her own 0.001 bitcoin gift from two (2) sponsored affiliate members who joined after them and are placed in the very first level of their existing matrix.
The remaining 6 matrix levels functions the very same way, with the exception being the number of donation received as well as the amount which is donated.
Let’s take a closer look at the 7 levels of the compensation plan:
Level 1 – Affiliates donate 0.001 bitcoin to the affiliate who recruited them then receive 0.001 bitcoin from 2 successfully referred affiliates.
Level 2 – Affiliates donate 0.0015 bitcoins and receive the same amount from four (4) affiliates
Level 3 – Affiliates donate 0.004 bitcoins and receive the same amount from eight (8) affiliates
Level 4 – Affiliates donate 0.02 bitcoins and receive the same amount from sixteen (16) affiliates
Level 5 – Affiliates donate 0.02 bitcoins and receive the same amount from thirty-two (32) affiliates
Level 6 – Affiliates donate 1 bitcoin and receive the same amount from sixty-four (64) affiliates
Level 7 – Affiliates donate 0.004 bitcoins and receive the same amount from one twenty-eight (128) affiliates
The price to join as a member of the CryptoBitX is currently set at 0.001 BTC (bitcoin) and this will be paid out to the person who recruited you to join the CryptoBitX system.
If you were to go “all in” and gain access to everything that the compensation plan has to offer you will then need to pay the full price of 9.2265 BTC (bitcoin).
The CryptoBitX Verdict
When it comes to the verdict of the CryptoBitX system, there are many things to consider.
There are obviously some red flags that you should consider as I pointed out above.
The CryptoBitX is essentially another cash gifting bitcoin company with no retail products or services to sell to other customers.
The only way for affiliates who join the CryptoBitX to earn money is when they successfully recruit others to join the company.
Therefore, when people stop recruiting others, the money will naturally stop flowing the way it should. This will ultimately lead to the demise of the company.
Even though current members make money with the CryptoBitX, it should be clear that to join up with the CryptoBitX is still a big risk to take especially if you do not have an established email list to promote the offer to.
I hope that you have found my CryptoBitX Review helpful and if you have any question, leave them in the comment section below…
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Jason (founder) howtostaysafeonthenet.com