BitCoins Wealth Club isn’t an MLM opportunity in and of itself per se. Rather it’s a funnel for a plethora of MLM bitcoin Ponzi scams.

BitCoins Wealth Club was founded by Vitaliy Dubinin, who is based out of Karmiel, Israel.

As per a personal bio used to promote My Lead System Pro (a recruitment based pyramid scheme), Dubinin (right) claims he was “introduced to network marketing industry in 2006” [sic].

I failed miserably in several MLM companies.

In 2010 I was doing my best to make it happen online but for many months I made $0.

My daughter Lital was born in 2009 and I had to support my new family, I couldn’t go on for long without any income.

My mom insisted all the time that I need to get a degree in the University and then get a job.

After studying for a finance and management degree, Dubinin signed up with My Lead System Pro in 2014.

And so began the career of what appears to be a serial scammer. Since My Lead System Pro Dubinin has recruited anyone who will follow him into any number of dubious opportunities.

He gets his cut, and then it’s onto the next recruitment scam.

In early 2017 Dubinin published a guide containing “5 steps to easily recruit 30+ new members per month”.

In the guide Dubinin claimed;

Over the last year in 2016 I’ve been blessed to earn over $236,000 online and recruit over 449 people into several affiliate programs.

This year 2017 I’m prepared to earn over $1,000,000 online.

As with the rest of the MLM underbelly, in 2017 Dubinin primarily switched to cryptocurrency scams.

That saw him launch Bitcoins Wealth Club, which today boasts 78,879 affiliates.

BitCoins Wealth Club has no retailable products or services.

Affiliate membership is free and provides access to a series of training modules:

  • Module 1 – How Bitcoins Wealth Club can help you massively grow your wealth
  • Module 2 – What is bitcoin & why it’s completely revolutionizing money
  • Module 3 – The secret to wealth acceleration
  • Module 4 – How to passively multiply your money by 5x over and over again and earn multiple streams of residual income
  • Module 5 – How Bitcoins Wealth Club System works & how to promote it to accelerate your wealth
  • Module 6 – How to trade cryptocurrencies yourself & invest into altcoins
  • Module 7 – How to achieve your dreams with Bitcoins Wealth Club System

I could go into the merits of Bitcoins Wealth Club’s modules… but really there’s no point.

Bitcoins Wealth Club’s “educational” modules target those new to cryptocurrency. This is done for the sole purpose of making them receptive to the various scams Dubinin promotes to them.

In this sense Module 4 is key to dissecting the company.

Once given basic information on bitcoin, MLM underbelly scams Dubinin pushes onto the Bitcoins Wealth Club downline include:


The Bitcoins Wealth Club pitch:

Discover how this secret wealth strategy generates me over $10,000+ every day.

How regular people multiply they [sic] money by 5x a year passively & 2 strategies to become a millionaire in 2018!

How to get paid 1-2+ bitcoin a day & potentially get up 10,000% ROI on your money.

The reality:

USI-Tech started out as a pyramid scheme and then a few months ago switched to bitcoin Ponzi fraud.

Cryp Trade Capital

The Bitcoins Wealth Club pitch:

Discover how to earn 0.59%-0.99% per day 7 days a week for an entire year & make a minimum 215%-361% ROI passively with a very reliable company.

The reality:

Cryp Trade Capital is a bitcoin Ponzi scheme offering annual ROIs of up to 361.35%.

Trade Coin Club

The Bitcoins Wealth Club pitch:

Discover how John leverages crypto auto-trading platform to earn $100K+ a month & how you can earn minimum of 0.45%-1% a day passively through the whole year.

The reality:

Trade Coin Club is a bitcoin Ponzi scheme offering daily ROIs of up to 0.45%.

In what appears to be the first signs of collapse, Trade Coin Club began locking top investors out of their accounts a few months ago.

Mindset 24 Global

The Bitcoins Wealth Club pitch:

Discover how to partner up and learn from billionaire investor Kevin Harrington (from the “Shark Tank”).

Get exclusive training from best entrepreneurs int he world in this new mindset company & get paid in bitcoins in real-time instantly!!!

The reality:

Mindset 24 Global is the odd one out of the bunch. As opposed to bitcoin Ponzi fraud, Mindset 24 Global operates as a pyramid scheme.


Bitcoins Wealth Club is a feeder funnel. Everyone who signs up gets funneled into Vitaliy Dubinin’s downline in the various featured companies.

When money is spent by new Bitcoins Wealth Club recruits he gets a cut, on top of revenue derived via his own participation in the scams.

No doubt as some of Bitcoins Wealth Club’s featured scams collapse, new ones will be sourced. That is I suppose if sustained victim losses don’t see Dubinin shut it down.

The long and the short of it is for Vitaliy Dubinin and his immediate downline to make money, they need to convince others (the Bitcoins Wealth Club affiliate-base) to lose it.

Through Bitcoins Wealth Club Dubinin permits free access to his school of scamming, but the reality is the business models of the featured opportunities guarantee losses for the majority of participants.

That might not be immediately apparent as scams do need to pay out to encourage subsequent recruitment. But eventually time will catch up and with it an increasing number of victims who are ultimately left out of pocket.

Dubinin’s Bitcoins Wealth Club downline aren’t the only investors in these schemes, and so their losses might not be proportionate. It all depends on how early Dubinin can convince people to sign up under him and invest.

What will ultimately happen after a few collapses is you’ll wind up with gullible victims chasing lost profits from one scam to another. If that hasn’t already started to happen.

I’ll point out here that on top of free membership Bitcoins Wealth Club also offers a $250 a month VIP membership.

Coughing up for VIP membership grants a Bitcoins Wealth Club affiliate a share of 20% of company-wide revenue.

All that really happens is you give Dubinin an extra $250 to invest in various scams and he gives you a bit back.

Free or not, of far more value than Bitcoins Wealth Club’s modules would be an understanding of basic mathematics.

No matter what Dubinin might tell you, none of the scams he’s involved in can pay out more than is initially invested. Math is a zero-sum game.