Welcome to my BitcoinEx Review!
Whether you are new to the MLM world or you have joined just about every company out there, researching before joining is always a crucial step.
If you are here you are probably looking to find out more about this company to determine if it is legit or not.
In this review, I will go over the company, the products and the compensation plan.
Let’s dig in!
BitcoinEx Review – The Company
First things first, I couldn’t find any information on the company website about who owns or operates BitcoinEx.
On the 1st of August, 2016, the BitcoinEx website domain was registered privately as “bitcoinex.club”.
Seeing that the default language of the BitcoinEx website is Spanish, it’s not surprising that the biggest source of traffic to the website it from Spain.
This information is a good indicator that whoever is running BitcoinEx is probably based out of Spain.
BitcoinEx Reviews – The Products
BitcoinEx does not offer any retail products or services.
Affiliates who sign up with BitcoinEx can only market and sell the affiliate membership.
The BitcoinEx affiliate membership includes access to an online marketing course called “Human Empowerment University”.
The BitcoinEx Compensation Plan
When an affiliate signs up, they must invest in 1 of 3 offered packages.
Commissions are earned when they sponsor others who also invest in these packages.
The cost to sign up as a BitcoinEX affiliate costs $50, which is followed by an offer to invest in three affiliate packages:
- Bronze – $250
- Silver – $500
- Gold – $1000
Package ROIs
BitcoinEx offer a 150 day ROI on package investment, which is as follows:
- Bronze – $1000 (may withdraw at $500)
- Silver – $3000 (may withdraw at $1000)
- Gold – $4000 (may withdraw at $4000)
Once the withdrawal amount of a package ROI is reached, an affiliate has the option to either cash out, which would cancel the package, or continue to earn to the full ROI amount over 150 days.
Direct Recruitment Commissions
Affiliates earn $5 out of the $50 that newly sponsored affiliates pay to join BitcoinEx.
Residual Recruitment Commissions (unilevel)
Residual commissions in BitcoinEx are paid out through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1.
When a level 1 affiliates 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.
Payable unilevel levels are capped by BitcoinEX at 4 and pays commissions as a percentage of the money that newly sponsored affiliates invest in packages:
- Level 1 (Personally sponsored members) – 10%
- Level 2 – 5%
- Level 3 – 3%
- Level 4 – 2%
Residual Recruitment Commissions (Matrix Structure)
BitCoinEX pays residual commissions through a 2×13 matrix.
A 2×13 matrix puts an affiliate at the top of a matrix that has 2 positions right underneath.
These fist 2 positions make up the first level of the matrix and the second level is made by adding another 2 positions under the first two, for a total of 4 positions.
Additional levels are made the same way, up to thirteen levels, with each new level holding twice as many positions as the level above it.
When a 2×12 matrix is complete, it holds 16,384 positions.
These positions are filled through direct and indirect sponsorship of new affiliates.
BitcoinEx affiliates also earn 1% on the fees that are paid by every affiliate that is sponsored into their matrix.
Residual Recruitment Commissions (Binary Structure)
BitcoinEx’s also pays residual commissions through a binary compensation structure.
This type of compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
The binary team’s first level has 2 positions and the second level is made by adding another 2 positions under each of the first 2, for a total of 4 positions.
Additional levels of the binary team are made as they are needed, with each new level holding twice as many positions as the level above it.
Positions in the binary team are filled through direct and indirect sponsorship of new affiliates.
BitcoinEx adds up package investment volume from both binary teams and pays its affiliates 15% of the volume on the weaker binary side.
In order to qualify for residual binary commissions, affiliates are required to personally sponsor a minimum of 2 affiliates, one for each side of their binary team.
Global Bonus Billing Pool
BitcoinEx features a Global Bonus Billing pool that is comprised of 10% of company-wide investment volume.
Affiliates who are qualified to earn binary commissions will receive an equal share in the pool.
Cost To Join BitcoinEX
The cost to join BitcoinEX as an affiliate is $50, as well as an investment in one of 3 packages:
- Bronze – $250
- Silver – $500
- Gold – $1000
The moment you have been waiting for in this BitcoinEX review…
Verdict On BitcoinEX
BitcoinEX seemed like a decent idea while having the affiliate membership have actual training when it comes to BitCoin…
However, what doesn’t make it so good is the ROI’s they are claiming.
Now they do say that these ROI’s are made from cryptocurrency tradiing and mining.
But there is no proof of this and MANY of these fly by night companies claim this and still go under…
What normally happens is newly invested funds pay off existing members which makes this a ponzi scheme…
For the reason, because they don’t have any retail products or services, the unilevel compensation plan makes this a pyramid scheme.
To make it proper, they should have retail products or services like a training etc that customers can purchase on top of affiliates.
Also the 150 days ROI thing, I bet this company won’t even last that long…
Anyway, I hope you enjoyed my BitcoinEX review and if you have any questions, leave them in the comments below…
What Do I Recommend?
Well if you joined BitCoinEX already, this still applies to you because you should never put all your eggs in one basket…
After reviewing hundreds of companies and systems…
Click Here For My #1 Recommendation
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…
Just take a look at my recent results below:
Better yet, take a look at my team members below…
In other words, if they can do it so can you!
You will thank me later 
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-Jesse Singh
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