ZmartBit Review – Legit Bitcoin Opportunity or Scam?
Welcome to my ZmartBit Review!
There has been some buzz about this company and for that reason I decided to take a look.
Chances are someone approached you about their bitcoin opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan.
ZmartBit Company Review
ZmartBit for some reason has no information on who runs or owns the company.
However, I did find some information on ZmartBit’s domain “zmartbit.com” but it was privately registered on September 20th, 2019.
That’s it for the company, let’s take a look at the products next inside of this ZmartBit review…
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Most popular network marketing companies have retail products or services, however, ZmartBit doesn’t have any.
You can only promote the actual affiliate membership which gives you access to “Crypto University” which is also called Bitcoin University.
This is their educational platform…
Too bad they didn’t sell it as a standalone.
ZmartBit Compensation Plan
Unlike all the other ZmartBit reviews out there I am going to tell you how it really is so make sure you are paying close attention…
ZmartBit has members pay $260 to get started.
Commissions are paid when you sponsor people who do the same.
All recruitment commissions are tracked through a 4×10 matrix compensation plan structure.
From the third level, positions are multiplied by four instead of two.
Positions can be filled directly or indirectly by downline members.
Now commissions are paid when positions in the matrix is filled and the amount you can earn will depend on the level.
Matrix Compensation Plan
Below is the break down on each commission tier and the fee’s needed to qualify for them:
- White – Get started and pay $260, earn $125 per position filled on level 1 (4 positions)
- Green (Sponsor two affiliates who each recruit two affiliates) – pay another $260, recruit two affiliates who each recruit two affiliates, and earn ~$156 per position filled on level 2 (16 positions)
- Yellow – Pay another $530 and earn ~$156 per position filled on level 3 (32 positions)
- Orange – Pay another $1060 and earn ~$156 per position filled on level 4 (64 positions)
- Blue – Pay another $2100 and earn ~$156 per position filled on level 5 (128 positions)
- Pink – Pay another $4200 and earn ~$78 per position filled on level 6 (256 positions)
- Bronze – Pay another $8300 and earn ~$46 per position filled on level 7 (512 positions)
- Silver – Pay another $8400 and earn ~$23 per position filled on level 8 (1024 positions)
- Gold – Pay another $8500 and earn ~$11 per position filled on level 9 (2048 positions)
- Platinum – Pay another $8600 and earn ~$6 per position filled on level 10 (4096 positions)
Cost To Join ZmartBit
ZmartBit membership will run you $260.
In order to take advantage of all the tiers in the compensation plan, it will cost you $42,210.
All payments in this company is paid and received in bitcoin.
ZmartBit Opportunity Video Review
Does the ZmartBit scam exist?
Let’s look at some of the facts…
We have no idea who is behind this company which is a redflag on it’s own…
They have no retail products or services, which doesn’t make this business model legal anywhere.
Basically new affiliates are joining, pay a fee and sponsor others to do the same.
In other words, this makes this company nothing more than a typical pyramid scheme.
Now they do talk about their Crypto Education, however, without more RETAIL sales happening to affiliates, it’s still not legal.
But they don’t even have retail side anyway.
Like all pyramid schemes, once recruitment slows down so will payouts.
Once it stops, the admin(s) they never showed their faces or revealed themselves will just run with the money.
Anyway, I personally do not recommend this company in my humble opinion.
Anyway, I hope you enjoyed my ZmartBit review and if you have any questions, feel free to ask in the comments below…
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