BTC Trader Online Review – Legit Company or Just Another Scam?
Welcome to my BTC Trader Online Review!
It’s possible you’ve already heard about this company from a close friend, Facebook or another social media outlet.
Or maybe it’s the first time you’re seeing their name?
But either way, you’re here because you want to learn more about the company, right?
Luckily, you’ve ended up at the right spot!
I always tell anyone looking to join an online business that the only way to ensure that you are choosing the right company for you is by doing as much research as you possibly can, before jumping in!
In my review we’ll go over the company history, the products they offer, and their promoted compensation plan that you soon could be a part of!
Let’s get things going!
BTC Trader Online Review – The Company
This company is apart of the “dragon programs” that Dragon Mining Tech has out there.
Dragon Mining Tech was involved with a past company called Bitcoiin, where altcoin was used.
The company managed to supposedly accumulate $75 million dollars for their B2G ICO, after which the owners took off.
What was left after the company shut down was Dragon Mining Tech and several sister companies including: Start Options, Bitcoin Trading World, Crypto Mining Space, Palilula Mining and now BTC Trader Online.
The leftover Dragon Mining Tech is said to have a strong relationship with those in China, however none of this is disclosed from the company.
BTC Trader Online Reviews – The Products
BTC Trader Online doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with BTC Trader Online can market the company affiliate membership.
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The BTC Trader Online Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates are to invest capital (funds) in B2G with the agreement of a promoted “guaranteed returns” (ROI earned on a monthly time basis):
- Alpha Program – Invest $500 to $20,000 and receive a 15% to 40% monthly ROI
- Beta Program – Invest $20,001 to $50,000 and receive a 20% to 45% monthly ROI
- Sigma Program – Invest $50,001 to $99,999 and receive a 25% to 50% monthly ROI
- Omega Program – Invest $100,000 or more and receive a 30% to 60% monthly ROI
NOTE: The company only uses B2G for all payments of ROI earned.
There are referral commissions that affiliates can earn which come from the funds invested by their downline affiliates.
On their website, the company does not specify the actual percentage earned by affiliates.
Cost To Join BTC Trader Online
The cost to join BTC Trader Online as an affiliate with a membership includes a B2G investment of $500 at a minimum.
Verdict of BTC Trader Online
So, you’ve made it to the end of my review, and here’s where I give you my final verdict and why I do not think this company is 100% legit…
Apart from within the company Dragon Mining Tech and the companies involved with them, the B2G that affiliates have invested in is considered valueless.
Dragon Mining Tech controls and sets the rate of B2G points.
BTC Trader Online is basically part of Dragon Mining Tech, where they use it to offload pre-generated B2G points.
Now the company says it’s:
“One of Asia’s leading financial institutions specializing in crypto-currency trading and financial options.
Since our inception in 2012, we have been able to convince thousands of customers of our expertise in trading on the financial markets.”
But the website domain for the company was registered in 2017, and it’s only recently that the current website went online for the domain used by the company.
So, there’s a bit of info there that doesn’t quite add up…
Before mid 2017, the company didn’t really exist, and I do not believe that the company is a leading financial institution in Asia… otherwise it would not have just opened up (it would have to be more established to earn that kind of title).
The company also says that they achieve revenue for their ROI by trading cryptocurrency and other financial options that they use…
However, there is no proof provided by the company that either one of those revenue building streams are being used or ever took place.
What is really happening is that the company pretty much makes false claims to potential investors by saying they have an affiliate payout, while they don’t have a penny.
When new investors come in with their money, the company then has what it needs to keep the scam going.
Using new investor money to pay off old investors is what is known as a Ponzi scam, and once new affiliates stop showing up with their money, the company will no longer be able to payout ROI payments and will also not be able to keep up the scam.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my BTC Trader Online review and if you have any questions, please leave them in the comments below…
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