BitTrain Review – Legit Business Opportunity or Huge Scam? Find Out!

Welcome to my BitTrain Review!

Whether this is the first time you are considering joining an MLM or you have years of experience in the MLM space, you are probably hear because you want to learn more about this company!

Companies come and go rather quickly, and it can be hard to determine which company is legit and which one isn’t.

My job is to help you make that choice!

In this review, I will go over this company’s history, their products, compensation plan, and cost to join, in addition to my own verdict.

Let’s get to it!

BitTrain Review – The Company

Bittrain review

The first thing I noticed is that the BitTrain website doesn’t offer any information about about who owns or operates the business that can be verified.

I did find a bunch of random names that the company states are management, but I couldn’t find anything to support these claims.

BitTrain lists its co-founders as Allen Coko (CEO) and John Kin.

However, upon research I found that Allen Coko doesn’t seem to exist outside of BitTrain and John Kin’s profiles on social media only came into existence in December of 2018.

To top it all off, Kin’s Twitter profile contains nothing but BitTrain promotion.

BitTrain’s website domain was registered privately as “bittrain.info” on the 15^th of February, 2019.

While it seems that BitTrain didn’t exist until a few months ago, the company states that it has been operating its business since at least May 2018.

BitTrain Reviews – The Products

bittrain products

BitTrain does not currently have any retail services or products to purchase or sell.

Affiliates who join simply market and sell the affiliate membership.

The BitTrain Compensation Plan

BitTrain affiliates who want to take part in the compensation plan must invest in BitTrain Coin points (BTRC) for an advertised 8% weekly return.

There are 11 BTRC investment tiers, which are as follows:

Starter Pack – $100 plus $5 subscription fee
Medium Trader – $250 plus $10 subscription fee
Active Trader – $500 plus $15 subscription fee
Advance Trader – $1000 plus $20 subscription fee
Pro Trader – $3000 plus $20 subscription fee
Tycoon Trader – $5000 plus $25 subscription fee
Elite Trader – $10,000 plus $25 subscription fee
Premium Trader – $25,000 plus $50 subscription fee
Combo Trader – $50,000 plus $100 subscription fee
Mega Combo Trader – $100,000 plus $100 subscription fee
Millenium Combo Trader – $250,000 plus $500 subscription fee

It should be noted that I couldn’t find a specified subscription fee period, but it is likely that it is monthly recurring.

The internal value of a BTRC point was $1 in January 2019.

The value as listed on May 5th, anonymous admins within the company are listing BTRC points at $4 each.

It should also be noted that any ROI or commission withdrawals from BitTrain come with a 10% fee.

Referral Commissions

BitTrain affiliates earn referral commissions through a unilevel compensation structure.

The unilevel compensation structure puts an affiliate at the top of a unilevel team that puts every personally sponsored affiliate right under them on level 1.

When level 1 affiliates sponsor new affiliates, they are put on the 2^nd level of the original affiliate’s unilevel team.

When level 2 affiliates sponsor new affiliates, they are put on the 3^rd level, and this continues down as many levels as are needed.

Every BitTrain affiliate earns a 10% commission on the 1^st level of the unilevel team (personally sponsored affiliates).

Referral commissions from levels 2 to 12 of the unilevel team are earned as follows:

Invest $1000 to unlock 4% on level 2, 3% on level 3 and 2% on level 4
Invest $5000 to unlock 1% on levels 5 to 8
Invest $10,000 to unlock 1% on levels 9 to 12

Residual Commissions

BitTrain pays its affiliates residual commissions through a binary compensation structure.

The binary compensation structure puts an affiliate at the top of a binary team that divides into a left and right side.

Level 1 of the binary team holds two positions and level 2 is made by dividing these first two positions into another two positions each, for a total of four positions.

Additional binary team levels are created as needed, with every new level holding twice as many positions as the level before it.

Binary team positions are filled through direct and indirect sponsorship of affiliates, with no current limit as to how big the team can grow.

In order to qualify for residual commissions, BitTrain affiliates must sponsor a minimum of 2 affiliate investors (one for each side of the binary team).

BitTrain counts up new investment totals on each side of the binary team at the end of every day.

Affiliates earn 10% of the funds that are amassed on the weaker side of their binary team.

Once commissions are paid out, the funds that are matched on both sides of the team are cleared.

Any volume that is left on the stronger side of the binary team is carried over.

Rewards

BitTrain affiliates can earn rewards as they accumulate investment volume on the weaker side of their binary team:

Executive Trader – Generate $15,000 in weaker binary team side volume and receive $150
Executive Leader – Generate $30,000 in weaker binary team side volume and receive a “pen” or $300
Gold – Generate $60,000 in weaker binary team side volume and receive a “watch” or $600
Sapphire – Generate $100,000 in weaker binary team side volume and receive an iPad or $1000
Ruby – Generate $250,000 in weaker binary team side volume and receive an iPhone or $1500
Emerald – Generate $500,000 in weaker binary team side volume and have one Ruby on both sides of your binary team, and receive an “Ibiza retreat” or $3000
Diamond – Generate $1,000,000 in weaker binary team side volume and have two Emeralds on both sides of your binary team, and receive a C-Class Mercedes-Benz or $40,000
Blue Diamond – Generate $3,000,000 in weaker binary team side volume and have one Diamond on each side of your binary team, and receive an E-Class Mercedes-Benz or $70,000
Black Diamond – Generate $10,000,000 in weaker binary team side volume and have three Blue Diamonds in your binary team (split two on the stronger side and one on the weaker side), and receive a Porsche Panamera or $150,000
Crown Diamond – Generate $25,000,000 in weaker binary team side volume and have two Black Diamonds on each side of your binary team, and receive a Lamborghini Aventador or $500,000

Cost to Join BitTrain

The cost to join BitTrain as an affiliate is free.

If affiliates want to participate in the MLM opportunity, there is a minimum $100 investment required.

There are also ongoing subscription fees.

All investments made into BitTrain must be in bitcoin.

Verdict on BitTrain

So, now that you know a bit more about the company, let’s look at what is really going on here…

When affiliates join this company they are required to pay real money using bitcoin to buy “points”

The problem with this is that these points have absolutely no value outside of the company itself.

So, if this company collapses, investors are left with absolutely nothing.

And the only reason the value is increasing is because the admins are promising increases to entice new investors to put more money in…

Once the admins make enough money, they will likely take it and run, leaving affiliates with a bunch of worthless points.

So, my advice here is to think twice before investing in this company.

Thanks for reading my BitTrain review! If you have any questions or comments, feel free to leave them below!

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