Welcome to my Bitcoin5 Review!
There has been some buzz about this company lately, so it’s time for another review!
Whenever a new company pops up, I always like to thoroughly research it to see if it’s legit or not.
And you should do the same!
Learning everything you can about a company before signing up is the best way to ensure you are making the right choice!
My review will help you make that choice by going over the company background, the products and the compensation plan.
So without further ado…
Let’s dig in!
Bitcoin5 Review – The Company (Kraken Bitcoin Exchange?)
Bitcoin5 does not offer any information on their website about who owns or operates the company.
The Bitcoin5 website domain was registered privately as “bitcoin5.com” on the 28th of March, 2017.
Although a Manchester, UK corporate address is provided on the company’s website, a little digging revealed that this address is a virtual office space from a company called Regus.
The company “Bitcoin 5 Limited” was incorporated on the 3rd of April, 2017.
The sole Director of the company is listed as Adam Bates, however a different Manchester residential address is provided.
UPDATE: Quick update, for some reason bitcoin5.com now is forwarded to a company called Kraken Bitcoin Exchange “www.kraken.com”
Bitcoin5 Reviews – The Products (Kraken Bitcoin Exchange)
Bitcoin5 does not have any retail products or services.
Affiliates who join Bitcoin5 can only market the affiliate membership.
At least companies like Xtreme Coin has some kind of product…
UPDATE: Company now forwards to Kraken Bitcoin Exchange for some reason, did they already change their business model?
So now I don’t know if it’s a Bitcoin5 review or a Kraken Bitcoin Exchange review…
The Bitcoin5 Compensation Plan
Bitcoin5 affiliates who want to participate in the income opportunity must invest 0.005 BTC or more for a daily ROI of up to 5%.
ROI payments are made at a variable rate between 1% to 5% over 20 days.
When the 20 days are up, affiliates can withdraw the earned ROI in addition to their initially invested amount.
Referral commissions earned on investments made by downline affiliates are paid out through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate right underneath them on level 1.
When a level 1 affiliate brings in new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When a level 2 affiliate brings in new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Bitcoin5 affiliates can earn referral commissions on 3 or 5 unilevel team levels, which is based on the amount of affiliates they’ve sponsored,
If an affiliate personally sponsors less than 300 affiliates, they earn:
- 8% on level 1 (personally sponsored affiliates)
- 2% on level 2 and
- 1% on level 3
If an affiliate personally sponsors 300 or more affiliates they earn:
- 12% on level 1 (Personally sponsored affiliates)
- 3% on level 2
- 1% on levels 3 to 5
Again, Kraken is the new name and looks like they changed things around already. I just can’t believe how fast they did that!
So I guess this Bitcoin5, I mean, Kraken review is obsolete already LOL.
Cost To Join Bitcoin5
The cost to join Bitcoin5 as an affiliate is a minimum investment of 0.005 BTC.
Verdict on Bitcoin5 (Kraken review)
This company claims their ROIs are generated through electronic currency transactions…
The problem is that there is no proof that any transactions are taking place…
The only verifiable income being invested into the company is that of new affiliates…
So, what is most likely happening here is that existing affiliates are being paid with new affiliate funds…
And so money is essentially just being cycled through the matrix…
So what is wrong with this?
Well, once recruitment numbers die down (and they almost always do)…
New funds will no longer be coming in and ROI promises will not be met…
So, before you join this company, be sure to keep this in mind…
I hope you enjoyed my Bitcoin5 review Or Kraken Bitcoin Exchange review and if you have any questions, please leave them in the comments below…
If you want to join something that doesn’t change their name and pretend to be something else, keep reading…
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