Beat Bitcoin Review – Legit Company or Another Scam? Find out here…
Welcome to my Beat Bitcoin Review!
Whether you have been in the MLM world for years or this is your first time learning about this marketing niche, it’s always a good idea to thoroughly research any new company before jumping in.
Maybe someone already approached you about this opportunity or perhaps you just came across it in your searches, but either way, I’m glad you’re here to learn more!
The aim of this blog is to provide you with all the information you need about the company, the products and the compensation plan.
So without further ado, let’s get to it!
Beat Bitcoin Review – The Company
The Beat Bitcoin website does not provide any information about who owns or operates the business.
A quick look at the “about us” page on the website is extremely general and is also found on a bunch of other websites.
When I dug a little more, I even found that most, if not all, of the copy on the company website is copied and pasted from third-party websites.
I also found an incomplete corporate address in London, UK provided on the site.
The Beat Bitcoin website domain was registered privately as “beatbitcoin.com” on the 24th of November, 2016.
Online traffic estimates show that the two biggest traffic sources to the website are Japan and South Korea.
This likely means that the individual that is running Beat Bitcoin is probably from one of these 2 countries.
There is also a possibility that the company is be run from India because the private server that hosts Beat Bitcoin also hosts Dream Vision 4u, New Sunedge and MLM Vibes, which are all based out of India.
Beat Bitcoin Reviews – The Products
Beat Bitcoin does not offer any retail products or services.
Affiliates who join Beat Bitcoin simply market the affiliate membership itself.
The Beat Bitcoin Compensation Plan
Affiliates who want to participate in the compensation plan must invest between $10 and $100,000 for a daily ROI for 5 years.
- 1% a day is paid out for the first year
- 1.5% a day is paid out for the second year
- 2% a day is paid out for the third year
- 2.5% a day is paid out for the fourth year and
- 3% a day is paid out for the fifth year
There is a small catch to qualify for a daily ROI beyond the first year.
Every 365 days, affiliates must reinvest the same or more than they originally invested.
Residual commissions earned in the company are paid out and tracked through a binary compensation structure.
This type of compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
The binary team’s first level holds 2 positions and level 2 is made by adding another 2 positions under each of the first two, for a total of 4 positions.
Additional binary team levels are made as they are needed and every new level holds twice as many positions as the level above it.
Binary team positions are filled by direct and indirect sponsorship of affiliates, and there is no limit as to how deep the team can grow.
Affiliates are paid residual commissions by matching invested funds on both binary sides.
For every dollar that is invested and matched, affiliates earn a 5% commission.
In order to qualify to earn residual binary commissions, Beat Bitcoin affiliates must personally sponsor a minimum of 2 affiliates who also invest.
Every time a binary team reaches a ten level goal (ten, twenty, thirty etc.), an affiliate must bring in another 2 new affiliates who invest.
Once these 2 new affiliates invest, the next 10 binary levels are unlocked (capped at 100 levels in total).
Beat Bitcoin affiliates earn the following rewards which is based on matched binary investment volume:
- VIP ($10,000 matched binary volume) = “Golden ring”
- Bronze ($20,000 matched binary volume and two personally recruited VIP affiliates) = iPhone
- Silver ($60,000 matched binary volume and three personally recruited Bronze affiliates) = $2000
- Gold ($200,000 matched binary volume and three personally recruited Silver affiliates) = “Bangkok Tour” [sic]
- Diamond ($600,000 matched binary volume and three personally recruited Gold affiliates) = $15,000
- Executive ($3,000,000 matched binary volume and four personally recruited Diamond affiliates) = “Diamond ring” and $200,000
- President ($120,000,000 matched binary volume and four personally recruited Executive affiliates) = $6,000,000 and “car of your choice”
Cost To Join Beat Bitcoin
The cost to join Beat Bitcoin as an affiliate is $2, in addition to a minimum investment of $10.
Verdict on Beat Bitcoin
After looking into this company a little more in depth, there are a few red flags…
First, there are no real products or services to offer retail customers or affiliates…
This means there is no way to generate consistent sales outside of recruitment….
Second, the company relies heavily on recruiting affiliates in order to keep the income flowing…
The problem with this is that recruitment numbers rarely remain as high as they are during the initial start-up hype….
So, my advice to those who are considering joining this company is to do so at your own risk…
I hope you enjoyed my Beat Bitcoin review, and if you have any questions, please leave them in the comments below…
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