BitLine Review – Legit Business or Big Scam? Learn For Sure Here!
Welcome to my BitLine Review!
There has been some buzz about BitLine lately, so it’s time for another review!
I always say that properly researching a company before investing is so important, so I am glad you are here!
In this review, I will provide you with information about the company, its products and the compensation plan they offer.
So without further ado, let’s get to it!
BitLine – The Company
I wasn’t able to find any information on the company website about who owns or operates BitLine.
However, I was able to find this:
BitLine is created by very experienced team of it developers and network marketers.
They decided to launch new opportunity for others by giving IT system and educational system. Previously used educational system resulted in bringing over 2000 new people within a few weeks.
That means you have very well tested and proven to work, duplicatable system.
Registered on September 25th, 2016, the BitLine website, “bitline.club”, seems to have been registered with questionable details indicating a French location.
The registration also provides an address in Poland and hints at Mikolaj Grzaslewicz as a consultant with the business.
As I always say, if a business isn’t completely transparent about who is running the business, you should think twice before investing.
Okay, so now we know a little bit about the company, let’s talk about the products.
BitLine Reviews – The Products
BitLine does not offer any retail products or services.
Affiliates who join BitLine can only market and sell the BitLine affiliate membership.
The BitLine Compensation Plan
Affiliates who wish to participate in the BitLine compensation plan must purchase a position in a 2×5 and 2×4 matrix.
What is a 2×4 matrix?
It is a compensation structure that puts an affiliate at the top of a matrix and has two positions directly under them.
These first two positions make the first level of the matrix and the second level is made by adding another two positions under those, for a total of 4 positions.
The third and fourth levels continue in the same manner, with a completed matrix holding 30 positions.
A 2×5 matrix is the same kind of structure, but adds another level to the matrix, making a completed matrix with 62 positions.
BitLine affiliates fill these positions through direct and indirect sponsorship of new affiliates.
To start out, a BitLine affiliate gifts funds to the affiliate who sponsored them.
Once this payment is made, that affiliate will then qualify to begin receiving gifting payments from newly sponsored affiliates as follows:
Classic Matrix (2×5)
- Level 1 – Donate 0.03 BTC to the affiliate who recruited you and receive 0.03 BTC from two affiliates
- Level 2 – Donate 0.05 BTC and receive 0.05 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 0.7 BTC and receive 0.7 BTC from thirty-two affiliates
VIP Matrix (2×4)
- Level 1 – Donate 0.1 BTC to the affiliate who recruited you and receive 0.15 BTC from two affiliates
- Level 2 – Donate 0.15 BTC and receive 0.15 BTC from four affiliates
- Level 3 – Donate 0.45 BTC and receive 0.45 BTC from eight affiliates
- Level 4 – Donate 2 BTC and receive 2 BTC from sixteen affiliates
All of these payments recur monthly.
Cost To Join BitLine
The cost to join BitLine as an affiliate is by gifting a minimum payment of 0.03 BTC/month.
In order to fully participate in the BitLine compensation plan, it will cost an affiliate 3.78 BTC/month.
BitLine Review – The Verdict
BitLine pretends to be a CrowdFunding program, but anything that has a compensation plan and member to member donations…
It’s actually a gifting scheme (sorry to be negative about it).
I just want to tell you the truth…
Red flags in any company is “donations”, “Members to member”, and no information on the owners…
That’s usually not a good sign…
Once people stop giving “donations”, this company will go under and the owners will just start up another one…
Anyway, I hope you enjoyed my BitLine Review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
After reviewing hundreds of companies and systems…
It’s the only system where you will learn step by step on how to build a business online with the right training, tools and one on one coaching…
Yes, you actually get a CALL from your coach to make sure your on track.
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In other words, if you take action and get started, you will get results…
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