Welcome to my BitFundZa Review. There has been some vibe about this company called BitFundza,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Bitfundza and what to find out if it is a legit company or a scam.
Here is a detailed review on the company BitfundZa and I would walk you through the BitFundZa company,the compensation plan,the products and the verdict.
BitFundZA Review – The Company
This company does not offer any info on their website regarding who the owner is or who’s there running the business either.
A little digging and searching online reveals that the BitFundZA website domain was registered privately as “bitfundza.co” on the 16th August 2017.
Additional research showed that the company website is using a favicon that’s also hosted on website domain for Loop and Beyond.
If you were to take a stopover to the website of Loop and Beyond, it will again show you something, what is that you may ask?
Yes, it’s a duplicate, a clone, an identical twin, an exact replica of the BitFundZA website.
Even earlier this summer was the launch of the Loop and Beyond website domain, registering a bit earlier than BitFundZA, on the 6th of July in 2017, which definitely indicates it was a staging site prior to the main website going live.
Ketan Singh registered for the Loop and Beyond website domain, by using an apartment address in the US state of New Mexico.
Okay, so a little more info, the name Ketan Singh belongs to a popular actor from India, and the Loop and Beyond domain seems to use name-servers that are Indian as well.
It is behind CloudFare, so I cannot say for sure, but it is very possible the company is on the same server as Loop and Beyond.
While searching the internet I could not find any info out there that connected Singh to the company other than the registered domain that’s accessible.
Saying this, it’s also likely that whoever is in charge of operating the business is probably living somewhere in India.
However, there’s one more option as to where this company may be operating from, gathered from the data from Alexa, which shows that the main source of site visitors is from the UK.
After going to Loop and Beyond’s website, it doesn’t take long at all to realize that it’s a carbon copy of BitFundZA’s site.
The domain name for Loop and Beyond was registered before BitFundZA by a little more than a month on July 6, 2017, leading me to believe that it was used as a sort of stage site before BitFundZA properly launched.
However, unlike BitFundZA, Loop and Beyond’s domain details aren’t private.
The domain was registered by Ketan Singh, and the address that’s provided belongs to an apartment in New Mexico in the United States.
Ketan Singh is the same name for a rather popular Indian actor, and the domain name for Loop and Beyond is also seen to be using name-servers in India. As such, the Ketan Singh being described here likely doesn’t exist.
BitFundZA Review – The Products
The company has no retail products or services for affiliates to sell or purchase.
However, affiliates who wish to sign up with BitFundZA are able to market the company affiliate membership.
A setup like this means that you won’t find any retail sales activity, and in the world of MLM, that’s never a good sign.
The BitFundZA Compensation Plan
When someone decides to become an affiliate for BitFundZA, they are asked to gift bitcoin to one another through the use of a 2×5 matrix system.
There are five main levels that affiliates need to work through, and the breakdown for these is as follows:
Level 1 — Affiliate gift 0.0035 BTC and then earn the same amount from three other members
Level 2 — Affiliates gift 0.0075 BTC and then earn the same amount from nine other members
Level 3 — Affiliates gift 0.05 BTC and then earn the same amount form twenty-seven other members
Level 4 — Affiliates gift 1 BTC and then earn the same amount from eighty-one other members
Level 5 — Affiliates gift 4 BTC and then earn the same amount from two hundred and forty-three other members
Cost To Join BitFundZA
The cost to join BitFundZA as an affiliate is the minimum month-to-month donation payment of 0.0035 BTC.
However, if you would like to fully participate in the business opportunity and their compensation plan, there will be a cost of 5.061 BTC that continues on a 30-day cycle.
Is BitFundZA Legit Or A Scam?
Bitfundza is actually legit and not a scam.However to be successful in Bitfundza or any other network marketing company out there it would depend on your lead generation technique,your ability to recruit and your marketing techniques.
Verdict on BitFundZA
The truth is any company that asks you to “donate” anything makes it a gifting scheme…
Now if you were getting some kind of product or service at the retail lever for that BitCoin that would have been alright, but that’s not the case…
I guess these gifting schemes have migrated over to Bitcoin because it’s harder to recover due to the lack of regulations…
Anyway, I personally do not recommend joining a company like this…
I hope you enjoyed my BitFundZA review and if you have any questions please leave them in the comments below…