Hello and thanks for reading my Bit Phoenix Solutions Review
Every day a new MLM company pops up, and it’s my job to review it!
Bit Phoenix Solutions is an opportunity that landed on my desk today. By what I can gather, there already seems to be some interest, and it won’t be long till affiliates start promoting it, especially through the popular social media channels like YouTube and Facebook.
If you have already been approached by a Bit Phoenix Solutions affiliate, I’m sure you now want to check whether the company is legit or a scam of some sort. The good news is you’ve come to the right place.
In today’s Bit Phoenix Solutions review, I’ll be taking the lid off this company, examining their product range and scrutinizing their compensation plan.
Can you really make money investing in Bit Phoenix Solutions? Or is investing in this company no better than flushing your money down the toilet?
Let’s find out.
Bit Phoenix Solutions Review – What can you tell me about the Company?
First I checked the domain registrar and found that BitPhoenixSolutions.com was registered on October 10th 2017.
However, there is no information here regarding who registered the domain. So they obviously don’t want anyone to know who they are.
The website looks reasonable, with a nice picture of London’s Tower Bridge, but interestingly the UK incorporation number featured on the website, is for a different company – BTC World LTD.
BTC World LTD is a company that was incorporated in April of 2016. Unfortunately it turned out to be a nasty Ponzi scheme with promises of a daily ROI between 2% and 5% “for life.”
As for the lifetime promise…BTC World LTD collapsed just months after its launch in June2016.
BTC World LTD was a company founded by Bogdan Kyrykchenko from the Ukraine, and the UK address he used to incorporate the company was simply taken from a mailbox rented by a company called Company Foundation Made Simple who specialize in incorporating companies for a small fee of 15 pounds sterling.
With all this being said, I feel safe to say that Bit Phoenix Solutions is a reboot of BTC World by our friend Bogdan Kyrykchenko.
Bit Phoenix Solutions Review – What does the Product Line-up look like?
Not surprisingly, there is no product range for Bit Phoenix Solutions. This is yet another company that only has the affiliate membership itself to sell as the product.
Remember this, a legit MLM company should always offer products and services for affiliates to market and sell.
Bit Phoenix Solutions Review – How does the Compensation Plan Look?
Just like the defunct BTC World LTD, Bit Phoenix Solutions offer a 5% to 10% daily ROI for life.
There are three plans to choose from:-
- Plan 1 – invest $20 to $1000 and receive a 5% daily ROI
- Plan 2 – invest $1001 to $5000 and receive a 7% daily ROI
- Plan 3 – invest $5001 or more and receive a 10% daily ROI
On the MLM side, they offer referral commissions by means of a unilevel compensation structure down three levels of recruitment.
These are the percentages:-
- Level 1 (personally recruited affiliates) – 5%
- Level 2 – 3%
- Level 3 – 1%
How much is it to join Bit Phoenix Solutions?
To get started with Bit Phoenix Solutions as an affiliate, membership is free, but to get involve in the opportunity shown above will cost you a minimum of $20
Should you invest in Bit Phoenix Solutions or is it a scam?
If you’re like me, then you’ve probably come across numerous reviews that like to say something is a scam just so they can sell you their thing.
I don’t run my business like that. If I think someone can build an online business based around a company like Bit Phoenix Solutions, then that’s that I will tell my readers.
Read on for my full conclusion for Bit Phoenix Solutions
Bit Phoenix Solutions Conclusion
The Bit Phoenix Solutions website gives some baloney about these ROI payments being met by their “Bit Coin Trading Bots”
They say this:-
For years our team has been working hard and finally we can present you our BitCoin trading bots named project Bit Phoenix.
Trading bots are sophisticated artificial intelligence algorithms that monitor the financial markets and look for opportunities to buy or sell assets in order to generate profit.
As of now we have four advanced trading bot units online.
There is no way they can offer 5% to 10% per day ROI. If that was possible then why wouldn’t they go down their local bank, take out a small loan, and roll it into an absolute fortune in a year, and not trying to get random affiliates dotted around the world interested?
That’s because, in reality it’s a nasty Ponzi scheme where money pumped in by new affiliates is being used to pay these ROIs to existing affiliates.
This won’t last long because as soon as potential affiliates realize what’s going on and stop joining, the whole scheme will collapse and everyone will lose their money…except one person, our “friend” Bogdan Kyrykchenko.
Avoid this one..
Jeremy, what do you recommend?
I’ve been making good money online for 5 years now, and this is in my opinion is the perfect online business model, and it’s the company I’m involved in and making money.
- You don’t have to recruit.
- You don’t have to annoy your family and friends by inviting them to parties to buy your stuff.
- You don’t have to create products.
- All the training is Step-By-Step.
- You don’t have to waste money and time figuring out how to make money online yourself.
- You get assigned your own Personal Coach to guide you.
- The Best part – You can start today for only $1
If you are serious about building a home based business, this will save you the years of frustration that I went through.
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Well, I hope you found this Bit Phoenix Solutions Review interesting, and as always, if you have any questions, please leave them in the comments section below.