Is Bit-Trade a legitimate Canadian Investment Platform or just another Ponzi Scheme to Scam you?
I went on over to their website bit-trade.oi and believe or not…
There were people on this website claiming ownership…
One guy named Philippe Nicolas (CEO) and then this other guy…
Damion Williams (Chief analytics officer).
And I was like wow!
Dazed and confused I was since the majority of these type of MLM / Crypto deals usually start out with Anonymous owners.
Then I was like…wait a minute and then started doing a Google search of these images.
Low and behold…
The images that were supposed to be real people turned out to be Stock images.
And no sadly they weren’t even stock market images lol.
If you aren’t familiar with stock images…they are the free images that come with many website building themes.
Even WordPress comes with them.
So there you have it…
These Bit-Trade guys shattered my dreams…
Broke my heart for crying out loud!
Okay back to this review…
Bit-Trade Product Line:
They have no retailable products or services at the moment. The only thing that their affiliates have to market is the affiliate membership itself.
Bit-Trade Compensation Plan:
Their comp plan is quite simple…
You convert your money into Bitcoins and then fund their platform in exchange for a promised ROI.
They have 5 plans and all of them run for a 250 day maturity period:
1- Starter: $100
2- Standard: $200
3- Ultimate: $500
4- Professional: $1,000
5- Investor: $5,000
Bit-Trade is paying out referral commission on 5 levels deep using a uniline comp plan as follows:
Level 1- 0.1%
Level 2- Level 5: 0.05%
Matching bonuses are going to be paid out using a binary Matrix however they have not explained all of the details yet.
Cost to join:
1- Free for all the Network Marketing professionals out there but you can only make referral money.
2- $100 minimum for all the passive income people.
This looks like another HYIP deal that revolves around recruitment for revenue.
Some folks call these Ponzi Schemes.
I don’t recommend this platform.
Bit-Trade has too many red flags:
I am no rocket scientist or even some Cryptologist (I just made that word up) but they did have some pictures of white dudes on their website.
And no I am not being racist here but if you do an Alexa Search on the website domain bit-trade.io you will see for yourself that most of the traffic is coming from India (100% at time of doing this Bit-Trade review).
On top of all that the images being used to pretend to be management are stock images.
1- Anonymous owners.
2- Promise of Income.
3- Bit-Trade is claiming to be creating revenue from the process of trading Crypto Currencies.
These guys are creating revenue from recruitment just like all the other deals that revolve around Crypto and have recruitment.
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