Bitcoin Bank Cycler Review-Is It Legit Or A Scam?

Welcome to my Bitcoin Bank Cycler Review.There has been a lot of vibe about this company.You are probably here maybe because you heard of Bitcoin Bank Cycler and what to find out if it is a legit company or a scam.

I would walk you through the Bitcoin Bank Cycler company,the compensation plan,the products and the verdict.

Bitcoin Bank Cycler Review

This company provides little to no information on their website about who owns or operates the business.

A little digging revealed that the Bitcoin Bank Cycler website domain “bitcoinbankcycler.com” was registered privately on the 25th day of January 2017.

It’s visible that the domain was registered on January 25, 2017, but since it was conducted privately, it’s impossible to tell who the owner is or where in the world the registration took place.

Bitcoin Bank Cycler – The Products

Bitcoin Bank Cycler does not offer any retail products or services.

Affiliates who sign up will only be able to market the affiliate membership.

The only mode of earning money is through affiliates bringing in more people to join the program and earn a commission as a result.

The Bitcoin Bank Cycler – Compensation Plan

The amount of cash that’s paid out to members is dependent on which grade involved with, and people three grades comprise Gold, Silver, and Platinum.

However, I am not planning to go into details concerning the precise payout for all the changing phases for all these amounts.

Here are the things they come with and what it costs to purchase to the grades

Affiliates that decide to go together with the Silver degree must pay 0.028 BTC.

Individuals trying to step up their game can go together with the Gold level.

Bitcoin Bank Cycler affiliates who participate in the compensation plan will buy positions in a 3 tier matrix cycler.

The company utilizes 5 different matrix sizes, which include 2×1, 4×1, 8×1, 16×1 and 32×1.

To put it simply, a 2×1 matrix puts an affiliate at the very top of a matrix that has 2 positions beneath them to fill.

Positions are filled through purchases made by new and existing affiliates.

The remaining matrices look like this:

·         A 4×1 matrix has 4 positions to fill

·        A 8×1 matrix has 8 positions to fill

·        A 16×1 matrix has 16 positions to fill

·        A 32×1 matrix has 32 positions to fill

Once all positions in the matrix are full, a cycle occurs and a commission is earned.

The amount of commission that is earned depends on which cycler tier a position has cycled out of.

Bitcoin Bank Cycler offers 3 tiers; Silver, Gold and Platinum.

Silver

A position purchased in this tier will cost 0.028 BTC and offers a 0.0022 BTC Silver cycler position every week for 10 weeks.

·        Stage One (2×1 matrix) – 0.0011 BTC commission and will cycle into Stage Two

·        Stage Two (4×1 matrix) – 0.01342 BTC commission and will cycle into Stage Three

·        Stage Three (8×1 matrix) – 0.0145 BTC commission and will cycle into Stage Four

·        Stage Four (16×1 matrix) – 0.349 BTC commission and will cycle into Stage Five

·        Stage Five (32×1 matrix) – 13 BTC commission and sets up 52 new Stage One positions

Gold

A position purchased in this tier will cost 0.07 BTC and offers a 0.058 BTC Gold cycler position every week for 10 weeks.

·        Stage One (2×1 matrix) – 0.0016 BTC commission and will cycle into Stage Two

·        Stage Two (4×1 matrix) – 0.0046 BTC commission and will cycle into Stage Three

·        Stage Three (8×1 matrix) – 0.1378 BTC commission

Platinum

A position purchased in this tier will cost 0.13 BTC and offers a 0.0108 BTC Gold cycler position every week for 10 weeks.

·        Stage One (2×1 matrix) – 0.0016 BTC commission and will cycle into Stage Two

·        Stage Two (4×1 matrix) – 0.0191 BTC commission and will cycle into Stage Three

·        Stage Three (8×1 matrix) – 0.1946 BTC commission

Matching Bonus and Referral Commissions

Referral commissions and a matching bonus are earned through purchases in each of the Platinum, Gold, and Silver positions.

A purchase in the Silver position earns:

·        a 0.0022 BTC referral commission for the sponsoring affiliate and 0.0011 BTC bonus for the 2nd, 3rd and fourth up lines

·        matching bonus exceeding 3.26 BTC

A purchase in the Gold position earns:

·        a 0.0054 BTC referral commission for the sponsoring affiliate, 0.0022 BTC for the 2nd and 3rd up line and 0.0011 BTC for the 4th up line

·        matching bonus exceeding 13.03 BTC

A purchase in the Platinum purchase earns:

·        a 0.0109 BTC referral commission for the Sponsoring affiliate, 0.0054 BTC for the 2nd up line, 0.0033 BTC for the 3rd up line and 0.0022 BTC for the 4th up line

·        matching bonus exceeding 26.05 BTC

Cost To Join Bitcoin Bank Cycler

To become an affiliate for Bitcoin Bank Cycler, you’ll need to purchase a subscription to one of the three available affiliate tiers – Silver, Gold, and Platinum.

To get started, you must at least buy a Silver membership by paying 0.028 BTC.

Subscribing to Gold will set you back by 0.07 BTC while Platinum costs 0.13 BTC.

The cost to join Bitcoin Bank Cycler as an affiliate is the purchase of either a Silver 0.028 BTC, Gold (0.07 BTC) or Platinum (0.13 BTC) subscription every 10 weeks.

Is Bitcoin Bank Cycler Actually Legit Or A Scam?

I would say Bitcoin Bank Cycler isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

It’s pretty clear that the company’s only source of revenue is affiliate investments, which they cycle like a Ponzi scheme.

Moreover, this program might also be legal in some parts of the world as it is technically financial fraud.

I advise that you stay on the safer side and find some other investment opportunities that are worthy of your hard earned money.

Oh! and don’t forget to share this review with your friends on social media as well.

Who knows, they might be getting into some trap that they’ll regret later on.

Conclusion on Bitcoin Bank Cycler

Is Bitcoin Bank Cycler really a hype,a scam or actually legit.

No, this is not an investment site nor is it illegal in any way, shape, or form.

We sell Products including advertising services.”

This is the claim that the Bitcoin Bank Cycler website is making, and while it tries its best to come off as some sort of legitimate opportunity, that’s simply not the case here.

Bitcoin Bank Cycler’s only source of income is that of affiliate investments, and with these funds being used to pay off the advertised ROIs, the company functions as nothing more than a Ponzi scheme.

Once this investment activity finally dies down, Bitcoin Bank Cycler will eventually be faced with a complete collapse of any and all operations.

You may have been hearing that bitcoin is doing well right now…

But keep in mind that it’s doing well for those you have ALREADY purchased bitcoin…

If you buy in now, it will be a lot more money than those who have been in the bitcoin game for years…

So my advice is….if you do decide you want to join this company…

Keep all of this in mind and maybe think twice before joining

I hope you enjoyed my Bitcoin Bank Cycler review, and if you have any questions, please leave them in the comments below…

Click Here For My No 1 Reccomendation

 

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