What Is Allbit Trade – Legit MLM or Ponzi Scam?

What Is Allbit Trade - Legit MLM or Ponzi Scam?

I welcome you to my unbiased Allbit Trade Review where I present the plain facts. You’re here no doubt because you’re wondering What Is Allbit Trade?

Amazingly, Allbit Trade promises investors a daily ROI of 3.3%.

If you are here because you want to know more about this platform before joining, you have come to the right place.

This brief review will tell you all you need to know about this company, its products, and its compensation plan.

Once you are done reading, you can tell if this opportunity is legit and suitable for you.

Allbit Trade Review – About The Company

You will not find any information about the owner of this company or the people running it.

They do have a UK incorporation as Allbit Group LTD, which was done on 30/07/2020.

Their domain name (allbit.trade) was registered privately on 12/04/2020.

Please, do not fall for the UK incorporation, it means nothing; getting UK incorporation is very easy, and many scammers use it since there are no real regulations.

The address they provided was just some retail shop; it’s a fake address and not their business.

According to Alexa, Allbit Trade get most of their traffic from Venezuela, Vietnam, and Peru.

Products Offered

The only thing they promote is their affiliate membership; Allbit Trade has no retail product or service to offer.

Once you register as a member, you can invest and receive returns.

Here is a fact: if an MLM offers no retail product to sell to the public, it’s a HUGE red flag.



Compensation Plan

What Is Allbit Trade - Legit MLM or Ponzi Scam?

Affiliates are promised to receive returns of 3% on investment when they invest USD, RUB, and cryptocurrency. See investment amounts accepted below:

  • Bitcoin – 0.005 to 4.3 BTC
  • Ethereum – 0.3 to 128 ETH
  • Litecoin – 0.6 to 880 LTC
  • Dogecoin – 4200 to 15150000 DOGE
  • Credit card – 2500 to 3,400,000 RUB (Russian ruble)
  • Perfect Money and Payeer – $10 to $50,000

Referral Commissions

The platform uses a uni level compensation plan to pay affiliates referral commissions.

Payments are capped at level 4. See a breakdown of payment across the four levels:

  • Level 1 (personal recruits) – 7%
  • Level 2 – 3%
  • Level 3 – 2%
  • Level 4 – 1%

Registration Cost

Becoming an affiliate on this platform is free.

However, you will have to invest to participate in its passive income opportunity.

My Verdict – Is Allbit Trade A Scam?

I will be honest about this review. Considering the facts, I don’t think this platform is legit, and I will not advise anyone to join.

You do not know the owner or the people who run it. Who will you hold responsible or accountable when you don’t receive returns?

The fact the word “trade” is attached to their name does not mean any form of trading is going on here.

The only trade on this platform is paying existing investors with money from new investors.

Plus, why do they need your money to invest if they claim to make 3.3% ROI every day?

Allbit Trade is a Ponzi scheme, and it will collapse once recruitment or new investments slow down.

And when this happens, there is no one to hold responsible.

Once recruitment slows down the company will go under.

From there these unknown “admin(s”) or “owners” will run with the investments and because we don’t know who they are…

Since we don’t know who they are, no one will be held accountable.

By the time the authorities catch up with these scammers, they’ll be long gone, starting up another SCAM to take advantage of people who don’t know any better.

I don’t want you to fall victim; so my advice is to stay far as possible from Allbit Trade.

Allbit Trade is similar to other cryptocurrency scam MLM’s I’ve reviewed on this blog such as:

There’s Another Issue…

However, there’s one issue I need to address…

You’re reading this post because you’re trying to find a way to make money online.

The problem is this: SCAM programs like Allbit Trade saturate the internet.

These cockroach scammers take advantage of people who they know are either too lazy or too reluctant to do the work necessary to create a five, six or seven figure income.

Here is an indisputable fact:

If you want to make a life-changing income, the kind of income that can provide you with a dynamic life filled with wonderful choices, you are going to have to learn how to leverage the power of the internet.

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Talk Soon,

Howard


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