Instant Bitcoin Profits Review – Legit Business or Another Scam? Find Out…
Welcome to my Instant Bitcoin Profits Review!
Whether you are brand new to the MLM world, or you are an old pro, researching a new company before signing up is an important step.
You work hard for your money and you want to make sure it is good hands, right?
Well, the good news is that the fact that you are here reading this blog means you are headed in the right direction!
This review will cover everything about the company, the products and the compensation plan.
So, let’s dig right in!
Instant Bitcoin Profits Review – The Company
I couldn’t find any information on the company website about who owns or operates Instant Bitcoin Profits.
However, the Instant Bitcoin Profits website domain was registered privately as “instantbitcoinprofits.com” on the 12th of January, 2017.
A little more digging revealed that Instant Bitcoin Profits affiliates list Rune Fjortoft as admin of the company.
Fjortoft’s Facebook profile began promoting Instant Bitcoin Profits on January 28th, with the official company Facebook page being created that same day.
Based out of Norway, Fjortoft first appeared on the MLM scene as the admin of a recruitment driven opportunity called Instant Cash Matrix in 2011.
In 2013, Fjortoft launched another recruitment MLM called Mobile Blog Pro.
Fjortoft seems to be an avid MLM participant, signing up for various companies under the affiliate ID “mlmpronews”.
Instant Bitcoin Profits Reviews – The Products
Instant Bitcoin Profits does not offer any retail products or services.
Affiliates who join Instant Bitcoin Profits can only market and sell the affiliate membership.
The Instant Bitcoin Profits Compensation Plan
Instant Bitcoin Profits affiliates who want to join the company are required to pay 0.02 BTC.
Commissions can be earned through a 10 level deep unilevel compensation structure when affiliates sponsor others who make the same initial payment.
A unilevel compensation structure within Instant Bitcoin Profits puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate immediately under them on level 1.
When a level 1 affiliate brings in new affiliates, they are put on level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate brings in new affiliates, they are put on level 3, etc.
Once an Instant Bitcoin affiliate joins and makes their payment, their 0.02 BTC membership fee is divided between 10 upline affiliates.
Some of these upline affiliates are admin positions, and the rest goes to the direct upline, their upline, etc.
Payment of the sign up fee qualifies affiliates to earn income on their personally sponsored affiliates and the rest of their unilevel team in return.
The manner in which the company divides the 0.02 BTC affiliate membership fee isn’t clear.
Cost To Join Instant Bitcoin Profits
The cost to join Instant Bitcoin Profits as an affiliate is 0.02 BTC.
Verdict on Instant Bitcoin Profits
Here we see another bitcoin gifting company…
Although they don’t explicitly say affiliates are gifting bitcoin to each other, that is essentially what is happening…
An affiliate joins up and pays a membership fee which is then split with upline affiliates…
Then that affiliate recruits others who do the same and begin earning their own gifting payments…
Again, no real products or services…
This company is set up to be short term…and so is the income flow…
So, if you do join, do so at your own risk…
I hope you enjoyed my Instant Bitcoin Profits review, and if you have any questions, please leave them in the comments below…
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