BitEstate Review – Legit Company or Just Another Scam? Find Out Here…
Welcome to my BitEstate Review!
With all the hype surrounding this company, I decided it was time for another review!
And since you are a potential investor, I want to help you with your research!
I always to say that anyone thinking of joining a new company online should thoroughly research and become very familiar with the company before jumping in.
An informed decision will take you so much further with any new investment!
My review on BitEstate will help you make the best choice for investing by sharing the company’s history, the products and the compensation plan used.
Let’s take a good look together!
BitEstate Review – The Company
When you take a look at the company website, there is no info posted online about who owns or operates the company.
After I dug around for a bit, I was able to find that the BitEstate website domain was registered privately as “bitestate.biz” on the 7th of November in 2017.
The company says that they are centered out of London in the UK, but it seems more likely that the company is being run from the Ukraine or Russia.
Data from Alexa shows an estimated 20% of the visitor traffic to the company website is coming from Russia.
On the company website, they also offer Russian as a second language.
There is also a social media account that the company operates which is also available in Russian.
BitEstate Reviews – The Products
BitEstate doesn’t have any services to provide or products for affiliates to sell for retail purposes or purchase for personal use.
But anyone wanting to sign up as an affiliate with BitEstate can market the company affiliate membership.
The BitEstate Compensation Plan
Affiliates looking to take part in the company compensation plan must sign up and invest into the company.
Company affiliates are to invest bitcoin with the agreement of the ROI promoted:
- Singapore Tanglin Plan – Invest 0.001 to 1 BTC and receive up to 176% over 32 days
- Dubai Marina Plan – Invest 0.01 to 1.5 BTC and receive up to 145% over 10 days
- Miami Beach Plan – Invest 0.05 to 2 BTC and receive up to 240% over 20 days
The company will pay referral commissions on funds invested up to Level 2 of sponsorship (unilevel):
- 9% on level 1 (personally sponsored affiliates) and
- 3% on level 2
If a company affiliate does invest 0.1 BTC and is able to sponsor 10 new investors or more, the company will increase referral commission earned for affiliates on Level 1 to 12%, and those on Level 2 to 6% in total.
Cost To Join BitEstate
The cost to join BitEstate as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and income opportunity, they must invest a minimum of 0.001 BTC.
Verdict of BitEstate
Super, you’ve made it to the end of my review and after thoroughly doing my research… I can say that I do not think this company is 100% legit.
The company says they are able to achieve outside revenue for their ROI payouts through bitcoin real estate transactions, property management activities and short-term financing in bitcoin to those in need…
But the company does not provide proof any of this took place in or outside of the company at all.
If we really take a good look at the company, it simply fails to be anything remotely logical.
So, if the owners of the company were making real estate revenue that was able to achieve more than 200% per a 20-day period (which is 5292% yearly without compounding) they would be rolling in piles of money, and they would have absolutely no need to ask random people over the internet to invest into their company for a profit.
They would be keeping all the profit for themselves, and why not that sounds like a lot of hard work being accomplished.
In the real world, the only real source of income this company is presenting is the new affiliate investments coming into the company when new affiliates sign up and invest to earn more than just referral commissions.
And when a company uses new affiliate investments to pay prior members their owed ROI, the company is automatically dubbed a Ponzi scam.
With all Ponzi scams, when the sponsoring of new affiliates slows down or stops, what also will slow down or stop is the money that enters the company.
This slow down will cause the company to lose the ability to pay out owed ROI and will prompt the company to file for chapter 11 and close up shop for good.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my BitEstate review and if you have any questions, please leave them in the comments below…
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