Welcome to my Gain Bitcoin Review!
Chances are you have come across this business via social media and you want to find out if Gain Bitcoin is actually legit or a scam.
In this blog post, I am going to walk you through the company, products and compensation plan so you can make the right decision…
Gain Bitcoin Review – The Company
Gain Bitcoin provides no information on their website about who owns or runs the business.
The Gain Bitcoin website domain (“gainbitcoin.com”) was on March 26th, 2013. Mark Lee is listed as the owner, with an address in Singapore also provided.
Other than a suspiciously empty LinkedIn profile that credits Lee as CEO of Gain Bitcoin, there is no information available that ties him to the company.
Of note is Mark Lee’s location of New Delhi, India on his LinkedIn profile. It is highly unlikely the CEO of a Singapore company would be based in India.
It is also highly likely that Mark Lee, as represented in the Gain Bitcoin domain registration, doesn’t actually exist.
The Gain Bitcoin Terms and Conditions state the company belongs to the Singapore company VariableTech PTE LTD.
Another two companies linked to Gain Bitcoin is Amazing Mining and Research LTD that claim they can produce up to 200% yearly returns on the investment in Alt-Coin mining.
Both Amazing Mining and Research LTD is run by CEO Amit Bhardwaj who is based out of India.
I am not sure why Bhardwaj doesn’t mention himself on the Gain Bitcoin website…
Gain Bitcoin Review
Gain Bitcoin’s domain gainbitcoin.com was first registered back on March 26, 2013, and the owner is listed as Mark Lee with an address in Singapore mentioned as well.
I tried doing a bit of research into Mr. Lee, but the only thing I was able to find was a LinkedIn profile that cites Lee as being the CEO for Gain Bitcoin. Aside from that one piece of info, the LinkedIn profile is completely empty.
And, with that said, that empty LinkedIn profile is pretty much the only source of information I was able to find on Mark Lee outside of the Gain Bitcoin website.
New Delhi is listed as the location for Lee on the LinkedIn page, and if this is to be believed, Mark Lee is the CEO of a Singapore-based company while residing over in India.
That doesn’t make a lot of sense at all, and for all intents and purposes, it’s very likely that the Mark Lee listed within the domain registration details doesn’t actually exist at all.
Gain Bitcoin Compensation Plan
Gain Bitcoin members can invest in Bitcoin mining plans that pay 10% ROI for 18 months…
That just means you can get a 180% ROI in 18 months…
· Basic Plan – Invest 1 BTC and receive 10% a month for 18 months (1.8 BTC)
· Amaze A3 – Invest 4.85 BTC and receive 10% a month for 18 months (8.73 BTC)
· Amaze A5 – Invest 13.75 BTC and receive 10% a month for 18 months (24.75 BTC)
You can get a direct referral commission of 5% on your personally sponsored members who invest.
Residual Income Commissions
All residuals in Gain Bitcoin is paid through a binary compensation plan.
This just means you have two lefts, left and a right.
You get paid 8% commissions on the weaker leg and any left over volume is carried over.
Is Gain Bitcoin Actually Legit Or A Scam?
Is Gain Bitcoin actually legit or a scam. Have you heard that Gain Bitcoin is a scam?
It’s hard to tell if this is true or not, because a lot of people are just trying to sell you something.
So, from reading this, is Gain Bitcoin a scam or is it legit?
I would say not exactly, but there are a few things to watch out for, find out what in the conclusion.
Cost To Join Gain Bitcoin
The cost to join Gain Bitcoin ranges from 1 BTC to 13.75 BTC investment.
The moment you have been waiting for in this Gain Bitcoin review.
Conclusion on Gain Bitcoin
The company is actually legit in my view although there are a few red flags.
First the owner isn’t transparent about running the show in Gain Bitcoin and registered the domain under a fake name.
Second, Gain Bitcoin guarantees an ROI:
Using our proprietary methodology and years of experience in mining we are always able to beat the rues [sic] of difficulty & hence able to deliver a consistent Mining Outputs to our customers.
In other words they pay 180% over 18 months which isn’t possible…
The truth is that Gain Bitcoin doesn’t do any cloud mining at all (tell them to show you prove of it…).
What really is happening is this…
Newly invested funds are paying off existing members which is creating the ROI.
Once recruitment slows down, so will your ROI and eventually the company will go under.