Bitcoin Bank Cycler Review – Legit Company or Another Scam?

Welcome to my Bitcoin Bank Cycler Review!

Joining a new company is a big decision, so you want to make sure your hard earned money is being invested in the right MLM business.

Whether someone has approached you or you came across a business opportunity over the web, it is always vital to do the necessary research to ensure that it is the right for you.

You came to the right place, reading reviews is a great way to learn about a new company!

In this blog you learn all the necessary information you need about the company, the products and compensation plan.

Let’s get started!

Bitcoin Bank Cycler Review – The Company 

Bitcoin Bank Cycler review

This company provides little to no information on their website about who owns or operates the business.

A little digging revealed that the Bitcoin Bank Cycler website domain “bitcoinbankcycler.com” was registered privately on the 25th day of January 2017.

Hmm…not much to go on, so let’s move on to the products…

Bitcoin Bank Cycler – The Products

Bitcoin Bank Cycler does not offer any retail products or services.

Affiliates who sign up will only be able to market the affiliate membership.

The Bitcoin Bank Cycler Compensation Plan

Bitcoin Bank Cycler affiliates who participate in the compensation plan will buy positions in a 3 tier matrix cycler.

The company utilizes 5 different matrix sizes, which include 2×1, 4×1, 8×1, 16×1 and 32×1.

To put it simply, a 2×1 matrix puts an affiliate at the very top of a matrix that has 2 positions beneath them to fill.

Positions are filled through purchases made by new and existing affiliates.

The remaining matrices look like this:

  •  A 4×1 matrix has 4 positions to fill
  • A 8×1 matrix has 8 positions to fill
  • A 16×1 matrix has 16 positions to fill
  • A 32×1 matrix has 32 positions to fill

Once all positions in the matrix are full, a cycle occurs and a commission is earned.

The amount of commission that is earned depends on which cycler tier a position has cycled out of.

Bitcoin Bank Cycler offers 3 tiers; Silver, Gold and Platinum.

Silver

A position purchased in this tier will cost 0.028 BTC and offers a 0.0022 BTC Silver cycler position every week for 10 weeks.

  • Stage One (2×1 matrix) – 0.0011 BTC commission and will cycle into Stage Two
  • Stage Two (4×1 matrix) – 0.01342 BTC commission and will cycle into Stage Three
  • Stage Three (8×1 matrix) – 0.0145 BTC commission and will cycle into Stage Four
  • Stage Four (16×1 matrix) – 0.349 BTC commission and will cycle into Stage Five
  • Stage Five (32×1 matrix) – 13 BTC commission and sets up 52 new Stage One positions

Gold

A position purchased in this tier will cost 0.07 BTC and offers a 0.058 BTC Gold cycler position every week for 10 weeks.

  • Stage One (2×1 matrix) – 0.0016 BTC commission and will cycle into Stage Two
  • Stage Two (4×1 matrix) – 0.0046 BTC commission and will cycle into Stage Three
  • Stage Three (8×1 matrix) – 0.1378 BTC commission

Platinum

A position purchased in this tier will cost 0.13 BTC and offers a 0.0108 BTC Gold cycler position every week for 10 weeks.

  • Stage One (2×1 matrix) – 0.0016 BTC commission and will cycle into Stage Two
  • Stage Two (4×1 matrix) – 0.0191 BTC commission and will cycle into Stage Three
  • Stage Three (8×1 matrix) – 0.1946 BTC commission

Matching Bonus and Referral Commissions

Referral commissions and a matching bonus are earned through purchases in each of the Platinum, Gold, and Silver positions.

A purchase in the Silver position earns:

  • a 0.0022 BTC referral commission for the sponsoring affiliate and 0.0011 BTC bonus for the 2nd, 3rd and fourth up lines
  • matching bonus exceeding 3.26 BTC

A purchase in the Gold position earns:

  • a 0.0054 BTC referral commission for the sponsoring affiliate, 0.0022 BTC for the 2nd and 3rd up line and 0.0011 BTC for the 4th up line
  • matching bonus exceeding 13.03 BTC

A purchase in the Platinum purchase earns:

  • a 0.0109 BTC referral commission for the Sponsoring affiliate, 0.0054 BTC for the 2nd up line, 0.0033 BTC for the 3rd up line and 0.0022 BTC for the 4th up line
  • matching bonus exceeding 26.05 BTC

Cost To Join Bitcoin Bank Cycler

The cost to join Bitcoin Bank Cycler as an affiliate is the purchase of either a Silver 0.028 BTC, Gold (0.07 BTC) or Platinum (0.13 BTC) subscription every 10 weeks.

Verdict on Bitcoin Bank Cycler

I’ve seen a lot of these types of businesses lately and they are all very similar…

They utilize a cryptocurrency (in this case bitcoin) and simply cycle it up through the ranks as affiliates sponsor new affiliates…

No real products or services to offer…

Just a heavy focus on bringing in more affiliates to keep the bitcoin cycling up the matrix….

You may have been hearing that bitcoin is doing well right now…

But keep in mind that it’s doing well for those you have ALREADY purchased bitcoin…

If you buy in now, it will be a lot more money than those who have been in the bitcoin game for years…

So my advice is….if you do decide you want to join this company…

Keep all of this in mind and maybe think twice before joining….

I hope you enjoyed my Bitcoin Bank Cycler review, and if you have any questions, please leave them in the comments below…

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Bitcoin Bank Cycler

-Jesse Singh

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