Crypto Bit Trade Review: Bitcoin doubler with 1% daily ROI
Crypto Bit Trade provide no information on their website about who owns or runs the business.
Linked off the Crypto Bit Trade website is the company’s compensation plan however, which names Joe Yagudaev and Ramon Escalera as co-founders of the company.
Ramon Escalera (right) first popped up on BehindMLM’s radar last year, as admin of the 25 Dollar Legacy pyramid scheme.
After 25 Dollar Legacy collapsed, Escalera returned with Platinum World Team Build.
Platinum World Team Build is a Ponzi scheme offering a $166,800 ROI on $100 investments.
Alexa traffic estimates for the Platinum World Team Build website show s sharp decline since June, suggesting it has collapsed or is in the process of collapsing.
As I write this and somewhat curiously, a few hours ago on Facebook Escalera was promoting Nspire Network.
Joe Yagudaev (aka. Joseph Yagudaev) launched Elite Profit System about a year ago.
Elite Profit System is a pyramid scheme, through which participants gift each other $500 to $25,000.
Alexa traffic estimates for the Elite Profit System website show little to no interest throughout 2016. In 2017 there was a spark of activity in May but by mid-July Elite Profit System traffic was plummeting again.
The collapse of both Platinum World Team Build and Elite Profit System has likely prompted Escalera and Yagadaev to team up and launch Crypto Bit Trade.
Read on for a full review of the Crypto Bit Trade MLM opportunity.
Crypto Bit Trade Products
Crypto Bit Trade has no retailable products or services, with affiliates only able to market Crypto Bit Trade affiliate membership itself.
Once signed up, Crypto Bit Trade affiliates gain access to CBT Academy.
CBT Academy offers powerful cryptocurrency education training products and services.
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The Crypto Bit Trade Compensation Plan
Crypto Bit Trade affiliates invest 0.1 to 16 bitcoin on the promise of a 200% ROI, paid out at a rate of 1% a day.
Residual commissions on downline invested funds are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
Crypto Bit Trade track new investment volume on both sides of the binary team.
At the end of each day volume matched on both sides of the binary team generate a percentage commission.
How much of a percentage is paid out is determined by how much a Crypto Bit Trade affiliate has invested:
- invest 0.05 BTC and receive a 5% binary commission, capped at 0.1 BTC a day or 3 BTC a month
- invest 0.1 BTC and receive a 7% binary commission, capped at 0.2 BTC a day or 6 BTC a month
- invest 0.3 BTC and receive a 10% binary commission, capped at 0.6 BTC a day or 18 BTC a month
- invest 0.5 BTC and receive a 13% binary commission, capped at 1 BTC a day or 30 BTC a month
- invest 1 BTC and receive a 15% binary commission, capped at 2 BTC a day or 60 BTC a month
- invest 2 BTC and receive a 17% binary commission, capped at 4 BTC a day or 120 BTC a month
- invest 4 BTC and receive a 20% binary commission, capped at 8 BTC a day or 240 BTC a month
- invest 8 BTC and receive a 25% binary commission, capped at 16 BTC a day or 480 BTC a month
- invest 16 BTC and receive a 30% binary commission, capped at 32 BTC a day or 960 BTC a month
Crypto Bit Trade reward affiliates with Exclusive Bonuses based on their personal recruitment efforts.
- Sapphire (recruit at least fifty investing affiliates) – $25,000
- Emerald (recruit at least one hundred affiliates who have each invested “an average of 2 BTC”) – $50,000
- Diamond (recruit at least two hundred investing affiliates) – “BMW or Mercedes of your choice”
- Blue Diamond (recruit a least five hundred investing affiliates) – “Exotic car of your choice”
- Black Diamond (recruit at least a thousand investing affiliates) – a “house up to $1 million”
With respect to how much recruited affiliates must invest to satisfy the above quotas, the Crypto Bit Trade compensation plan documentation states:
These bonuses are subject to change depending on the value of BTC.
Once you reach the specific amount of referrals, you will need an average of 2 BTC in total of what your personal referrals came in or upgraded to.
Also, these bonuses are calculated on 1 BTC worth $2800.
If the value of Bitcoins is lower or you averaged anything less than 2 BTC, you will still qualify for the bonus but will be less.
Joining Crypto Bit Trade
Crypto Bit Trade affiliate membership is tied to the purchase/investment in one of nine offered packages:
- CBT 1 – 0.05 BTC (no daily ROI)
- CBT 2 – 0.1 BTC
- CBT 3 – 0.3 BTC
- CBT 4 – 0.5 BTC
- CBT 5 – 1 BTC
- CBT 6 – 2 BTC
- CBT 7 – 4 BTC
- CBT 8 – 8 BTC
- CBT 9 – 16 BTC
The primary difference between the packages is income potential via the Crpyto Bit Trade compensation plan.
Crypto Bit Trade claim revenue generated to pay affiliates a 1% ROI is sourced from ‘real trading and mining program with actual products and services.‘
As is typical of MLM companies who make this claim, Crypto Bit Trade provide no evidence linking cryptocurrency trading and mining to affiliate ROIs.
That leaves affiliate investment the only verifiable source of revenue, the use of which to pay a 200% ROI makes Crypto Bit Trade a Ponzi scheme.
On top of that Crypto Bit Trade are engaged in pyramid fraud, with affiliate investors paid to recruit new investors.
Raymond Escalera’s Facebook profile cites his location as North Carolina in the US. Joe Yagudaev cites his location as New York.
MLM investment opportunities in the US require registration with the SEC. Perusal of the SEC’s Edgar database however turns up nothing for “Crypto Bit Trade”.
This makes Crypto Bit Trade’s investment opportunity an unregistered security, with Escalera and Yaguadaev potentially up for wire fraud should the SEC investigate.
Even if that doesn’t happen, the math behind a Ponzi scheme sees most investors lose money. Crypto Bit Trade is no different.
A 1% daily ROI capped at 200% will see initial investment amounts exhausted at around 75 days (factoring residual binary commissions). After that they’re using whatever was subsequently invested.
This creates an ever-growing liability that operates on borrowed time, eventually resulting in a collapse.
Crypto Bit Trade offers zero refund on all membership plans, services and products.
Crypto Bit Trade’s use of bitcoin makes victim fund recovery extremely difficult, if not near impossible. Bear that in mind when you’re handing over your money.