BCoinShare Review – Legit Opportunity or Big Scam? Find Out Here…
Welcome to my BCoinShare Review!
There has been some buzz lately about this company, so I decided to do another review!
Whether you have heard of this company before or you are just searching for another stream of income, it’s always a good idea to read reviews before jumping in.
This review will cover the company, the products and the compensation plan.
So let’s dive in!
I couldn’t find any information on the company website about who owns or operates BCoinShare.
On October 18, 2016, the BCoinShare website domain, listed as “bcoinshare.com”, was registered privately.
A quick look at the official BCoinShare Facebook group reveals the company has one admin named Mike Anderson.
The Mike Anderson profile was first created on September 29th and started putting up promotion material for BCoinShare not long after that.
When there isn’t a lot of information available about a new company, I always say think twice before investing.
BCoinShare does not offer any retail products or services.
Affiliates who sign up for BCoinShare can only market and sell the membership.
Affiliates who want to participate in the BCoinShare compensation plan must gift bitcoin to each other through a 2×10 matrix.
What is a 2×10 matrix?
It is a compensation structure that puts an affiliate at the top of a matrix and has two positions right underneath them.
These first two positions make up the first level of the matrix and the second level is made by adding two more positions under each of the first two.
Any other levels that are needed are added in the same way, with each new level holding twice as many positions as the level before it.
When a 2×10 matrix is complete, it has 2046 positions.
Each level of the 2×10 matrix is like an independent cash gifting tier.
In order to unlock the next level, a subscription payment is needed.
When this payment is made, the BCoinShare affiliate then qualifies for gifting payments from other affiliates that are put in their matrix:
- Level 1 – Donate 0.04 BTC to the affiliate who recruited you and receive 0.04 BTC from two subsequently recruited affiliates
- Level 2 – Donate 0.08 BTC and receive 0.08 BTC from four affiliates
- Level 3 – Donate 0.1 BTC and receive 0.1 BTC from eight affiliates
- Level 4 – Donate 0.2 BTC and receive 0.2 BTC from sixteen affiliates
- Level 5 – Donate 0.3 BTC and receive 0.3 BTC from thirty-two affiliates
- Level 6 – Donate 0.4 BTC and receive 0.4 BTC from sixty-four affiliates
- Level 7 – Donate 0.5 BTC and receive 0.5 BTC from one hundred and twenty-eight affiliates
- Level 8 – Donate 0.5 BTC and receive 0.5 BTC from two hundred and fifty-six affiliates
- Level 9 – Donate 0.5 BTC and receive 0.5 BTC from five hundred and twelve affiliates
- Level 10 – Donate 0.5 BTC and receive 0.5 BTC from one thousand and twenty-four affiliates
The cost to join BCoinShare as an affiliate is a periodic minimum gifting payment of 0.04 BTC.
In order to fully participate in the BCoinShare MLM opportunity, it will cost 3.12 BTC.
It is a recurring subscription payment that is to be made over an undisclosed time period.
When there is a lack of information on who actually owns the company mixed with this whole donating BitCoin thing…
Well, you should really think twice before thinking about joining…
Anytime you hear the word matrix compensation plan with “donations”, this is generally a gifting scheme…
I have noticed a lot of gifting bitCoin companies popping up like VertigoBTC for example, they are just getting more common…
Anyway, I personally don’t recommend this company because lets face it, it’s a gifting scheme lol.
I hope you enjoyed my BCoinShare review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
If you already joined BCoinShare this still applies to you because you should never put all your eggs in one basket…
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