Welcome to my BTC Wait Review. There has been some vibe about this company called Btc Wait,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 BTC Wait and want to find out if it is a legit company or a scam.
Here is a detailed review on the company Btc Wait and I would walk you through the Btc wait company,the compensation plan,the products and the verdict.
BTC Wait Review – The Company
If you decide to go to the company website for information, there’s nothing posted about the owner or the person running the business.
After a little digging and some research, I found out that the BTC Wait website domain was registered privately as “btcwait.com” on the 7th of November in 2017.
The company was incorporated in the UK on the 17th of November under the name BTC Wait Limited.
The BTC Wait Limited address used to incorporate belongs to a Registered Office, where they offer virtual office services to companies.
The only Director of the company is listed as Zachary Simpson.
My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my BTC Wait Review.
Is BTC Wait a legit business, or is it a complete scam?
Will I be able to build a business with it?
I tell you all about it in my Review of BTC Wait.
BTC Wait Review – The Products
BTC Wait has no retail products or services for affiliates to buy or sell.
But affiliates whom wish to sign up with BTC Wait can market the company affiliate membership.
No goods or services are being sold to retail customers, and this means that affiliates are left with only the affiliate membership to offer to those that are interested in getting involved with the attached income opportunity.
In my experience, this is a theme that’s only seen with MLM opportunities that exist in the MLM underbelly.
BTC Wait Compensation Plan
Affiliates who want to participate in the company compensation plan need to sign up and invest into the company.
Company affiliates invest capital (funds) on the agreement of promoted ROI (return on investment):
- Gold Plan – Invest $10 or more and receive a 3% daily ROI for 100 days (300%)
- VIP Plan – Invest $1000 or more and receive a 7% daily ROI for 35 days (245%)
- Business Fast Plan – Invest $2000 or more and receive a 10% daily ROI for 15 days (150%)
- Super VIP Plan – Invest $20 or more and receive an 800% ROI after 40 days
- Super Silver Plan – Invest $50 or more and receive a 1800% ROI after 70 days
There are referral commissions offered on capital invested by your downline affiliates, which are paid down to Level 4 of sponsorship (in a unilevel team model):
- Level 1 (personally sponsored affiliates up to 500) – 5%
- Level 1 (sponsor 501 or more affiliates) – 7%
- Level 1 (sponsor 1001 or more affiliates) – 10%
- Level 2 – 2%
- Level 3 – 1%
- Level 4 – 0.5%
Referral commissions are offered alongside this, and these allow affiliates to earn on recruitment and investment activity within their downline as well.
Affiliates can earn larger and larger percentages as they recruit more people, so there’s a big incentive to focus all of your time on investment and recruiting as many other affiliates as possible.
Cost To Join BTC Wait
The cost to join BTC Wait as an affiliate is free, however these members are only able to earn commissions on a referral basis.
If you’re at all interested in joining BTC Wait, you can initially do so for free. However, in order to earn on referral commissions and the offered ROI, you’ll need to make an investment of at least $10.
Verdict on BTC Wait
In case you couldn’t already tell, BTC Wait is a pretty typical Ponzi scheme that will ultimately see most involved affiliates losing out.
BTC Wait claims that it can offer the ROI due to “unique investment methods”, but there’s absolutely no proof of any “investing” taking place.
The only money that’s actively coming in is that of affiliate investments, and as such, these newly invested funds are actively used to pay ROIs that BTC Wait owes to other members.
I hope you have gained value from my BTC Wait Review.
So, if you are planning on investing with this company be careful, because if the company should fail, those who did invest will most likely lose money.
I hope you enjoyed my BTC Wait review and if you have any questions, please leave them in the comments below…