Bitcoin Earning School Review – Legit Business or Big Scam?
Welcome to my Bitcoin Earning School Review!
Whether someone has already approached you about this company, or you simply came across it in your internet searches, you are probably reading this because you want to learn more!
You are looking for a business opportunity to invest in and you want to know if this one is legit or not, right?
Well, you have come to the right place!
In this review, I will go over the company background, the products they sell and the compensation plan they offer.
So without further ado, let’s get to it!
Bitcoin Earning School Review – The Company
The Bitcoin Earning School website identifies two CEOs, Mikey Robertson and Morris Melara, with Robertson being named as sole owner of the company.
Based out of Queensland, Australia, Robertson has promoted several companies over the last few months, including Elite Earners Club, Trade Coin Club, My Paying Crypto Ads, ZarFund, LaraWithMe and Easy 1Up.
A March 17th Facebook post reveals that Drew Burton of My24HourIncome may also be part of Bitcoin Earning School in some way.
In the post, Robertson thanks Burton personally for “recording a (Bitcoin Earning School) webinar”.
Another piece of information I came across in my searches was a 14th March Facebook post that displayed a Bitcoin Earning School ASIC registration certificate.
However, a quick look on the ASIC website revealed that neither the name Bitcoin Earning School or the shown ACN (617844130) are actually registered.
This is a red flag…but let’s move on to the products.
Bitcoin Earning School Reviews – The Products
Bitcoin Earning School does not offer any retail products or services.
Affiliates who sign up with Bitcoin Earning School are only able to market and sell the affiliate membership.
Affiliate memberships also include access to “learning content and services”.
The Bitcoin Earning School Compensation Plan
Affiliates who want to take part in the compensation plan must donate bitcoin to each other through a a 3×4 matrix.
This type of matrix puts an affiliate at the top of a matrix that has 3 positions right under them.
These first 3 positions make up the first level of the matrix and the second level is made by adding another 3 positions under each of the first three, for a total of 9 positions.
The third and fourth levels of the matrix are made the same way and hold 27 and 81 positions.
An affiliate starts out by signing up and donating 0.04 BTC to their sponsoring affiliate.
Once this donation is made, the affiliate then qualifies to get their own 0.04 BTC from 3 affiliates subsequently sponsored into level 1 of their matrix.
The remaining 3 matrix levels also work the same way, with the only difference being the increased donation amount and who is on the receiving end:
- Level 1 – Donate 0.04 BTC to the affiliate who recruited you and receive 0.04 BTC from 3 subsequently sponsored affiliates
- Level 2 – Donate 0.1 BTC to your 2nd upline and receive 0.1 BTC from 9 affiliates
- Level 3 – Donate 0.4 BTC to your 3rd upline and receive 0.4 BTC from 27 affiliates
- Level 4 – Donate 1.5 BTC to your 4th upline and receive 1.5 BTC from 81 affiliates
Second Upline: The affiliate who sponsored the affiliate who sponsored you
Third Upline: The affiliate who sponsored your second upline, etc.
Donation amounts on each level recur as follows:
- Level 1 – 45 days
- Level 2 – 50 days
- Level 3 – 55 days
- Level 4 – 60 days
In order to continue earning donations from matrix affiliates, a Bitcoin Earning School affiliate must continue to make recurring donations.
There is also a 0.04 BTC commission that is earned on every personally sponsored Bitcoin Earning School affiliate.
Cost To Join Bitcoin Earning School
The cost to join Bitcoin Earning School as an affiliate is 0.07 BTC, in addition to a 0.04 BTC donation payment.
If an affiliate wants to fully participate in the Bitcoin Earning School compensation plan, it will cost 0.07 BTC one-time and a recurring 2.04 BTC subscription.
Verdict on Bitcoin Earning School
As with any donation (more commonly referred to as “gifting”) company, it has a few problems…
First, it has no real products or services to attract retail customers…
The problem with this is that the company relies heavily on recruitment of new affiliates…
The second problem is that these payments are simply cycling around through the matrix…
Once the recruitment frenzy dies down, these payments will decrease as well…
My advice is if you do choose to join this company, do so at your own risk…
I hope you enjoyed my Bitcoin Earning School review, and if you have any questions, leave them in the comments below…
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