Bitcoin4All Club Review: 0.01 BTC cash gifting scheme
There is no information on the Bitcoin4All Club website indicating who owns or runs the business.
The Bitcoin4All Club website domain (“bitcoin4all.club”) was privately registered on January 4th, 2017.
Alexa currently estimate that the largest sources of traffic to the Bitcoin4All Club website are the Netherlands (34%), India (12%) and Nigeria (12%).
It is highly probably that whoever is running Bitcoin4All Club is also based out of one of these three countries.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Bitcoin4All Club Product Line
Bitcoin4All Club has no retailable products or services, with affiliates only able to market Bitcoin4All Club affiliate membership itself.
Bundled with Bitcoin4All Club affiliate membership are ad credits, which can be used to display advertising on the Bitcoin4All Club website.
The Bitcoin4All Club Compensation Plan
The Bitcoin4All compensation plan sees affiliates gift bitcoin to each other via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
When a new Bitcoin4All Club affiliate signs up, they gift 0.01 BTC to ten existing Bitcoin4All Club affiliate accounts.
Two of those accounts are owned by the Bitcoin4All admins. The other eight are direct upline affiliates.
Payment to each account is an equal share of the 0.01 BTC gifted in, equating to 0.001 BTC to each account.
After making a 0.01 BTC gifting payment, a Bitcoin4All Club affiliate earns commissions via direct and indirect recruitment.
Each time a new affiliate is recruited into the first eight levels of their unilevel team, they receive a 0.001 BTC gifting payment.
Joining Bitcoin4All Club
Bitcoin4All Club affiliate membership is tied to a 0.01 BTC gifting payment.
Bitcoin4All’s fraudulent nature is on display with just a mere visit to the company’s website.
Firstly this is a perfectly legal way of making money and has been proven time and time again to be 100% successful.
There is nothing legal about cash gifting scams. Neither has cash gifting ever been proven to be “100% successful”.
By virtue of the business model relying on a constant source of newly recruited affiliates to gift funds into the scheme, cash gifting scams are unsustainable scams.
Those who join early receive the majority of funds gifted into the scheme, along with the admins.
This is due to these positions sitting at the top of the company-wide unilevel team.
The bundled ad credits are neither here nor there, serving only as pseudo-compliance in an attempt to legitimize financial fraud.
As with all gifting schemes, once affiliate recruitment dies down so too will gifting payments within the system.
Do you give refunds?
Your membership is NON-REFUNDABLE. All payments are final.
This will prompt Bitcoin4All Club to collapse, resulting in the majority of affiliates losing money.