My BTC Life Review – Legit Business or Another Scam?
Welcome to My BTC Life Review!
As you probably already know, there are so many new MLM companies starting up practically every day.
With so many to choose from, how do you know which ones are legit and which ones aren’t?
In my opinion, one of the best ways to do this is by researching the company before joining.
My review will provide you with the information you need about the company, the products and the compensation plan.
So what are we waiting for? Let’s get to it!
My BTC Life Review – The Company
The first piece of information I found on the My BTC Life website is that Lubos Hollan and Tousif Parvez are listed as admins of the company.
Hollan hails from Slovakia and says that ‘the only way to earn some money online is to learn how to recruit and promote‘.
Parvez comes from Abu Dhabi and is listed as the designer and main admin of My BTC Life.
Both Hollan and Parvez are co-admins of BitDonix.
Before BitDonix, Hollan was an affiliate of My 24 Hour Income, while Parvez’s experience in “pay to click” marketing comes from his Clix Union and Guru Clix businesses.
My BTC Life Reviews – The Products
My BTC Life does not offer any retail products or services.
Affiliates who join My BTC Life as an affiliate can only market and sell the membership.
The My BTC Life Compensation Plan
My BTC Life affiliates who want to participate in the compensation plan must gift bitcoin to each other through a 3×4 matrix.
This type of matrix puts an affiliate at the top of a matrix that has 3 positions right underneath them.
These first 3 positions make up the first level of the matrix and the second level is made by adding another 3 positions under each of the first 3, for a total of 9 positions.
Levels 3 and 4 of the matrix are made the same way and hold 27 and 81 positions.
3×4 matrix levels each work as a separate cash gifting tier.
When an affiliate starts out, they are required to gift funds into the system in order to qualify to get funds from other affiliates; which looks like this:
- Level 1 – Gift 0.03 BTC to the affiliate who recruited you and receive 0.03 BTC from 2 subsequently recruited affiliates
- Level 2 – Gift 0.025 BTC and receive 0.025 BTC from 9 affiliates
- Level 3 – Gift 0.02 BTC and receive 0.02 BTC from 27 affiliates
- Level 4 – Gift 0.12 BTC and receive 0.12 BTC from 81 affiliates
These 4 compulsory gifting payments recur after a set number of days, like so:
- 0.03 BTC on level 1 must be paid every 90 days
- 0.025 BTC on level 2 must be paid every 100 days
- 0.02 BTC on level 3 must be paid every 120 days
- 0.12 BTC on level 4 must be paid every 180 days
Cost To Join My BTC Life
The cost to join My BTC Life as an affiliate is a minimum gifting payment of 0.03 BTC.
To fully participate in the My BTC Life compensation plan, it will cost 0.195 BTC on a recurring subscription.
The moment you have been waiting for in this My BTC Life review…
Verdict On My BTC Life
The problem with this company is this statement here:
MyBTCLIFE is person to person (peer to peer) secure, direct donation platform.
All donations are being paid directly into their upline’s Bitcoin eWallet [100% commission].
Because there are no products or services being offered and just an affiliate membership, this becomes a gifting scheme…
Only difference between this company and BitDonix is they actually do have some kind of affiliate membership.
It looks like BitDonix was going under so that’s why they launched MY BTC Life…
I am just wondering why couldn’t they just improve BitDonix?
They could have offered some good products or services to keep the retention high.
I guess that’s too much work right?
Overall, I never recommend any kind of gifting company because they don’t last long term.
I hope you enjoyed My BTC Life review and if you have any questions, leave them in the comments below…
What Do I Recommend?
After reviewing hundreds of companies and systems over the years…
It’s the only system where you will learn how to build a business online with the right training, sales funnels and tool to sky rock this business…
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