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BitConnect Review

By on August 7, 2017 in Cryptocurrency with 0 Comments

Looking for a review of BitConnect?

Well, you’re in the right place if you are looking for an honest and unaffiliated BitConnect Review.

BitConnect Reviews

Here at IM Insider Reviews we write uncompromised reviews of the latest digital ‘make money online’ products and systems.  We do the heavy lifting so you don’t have to.

With 100s of reviews here on this blog, we are very well positioned to advise you on what works and what doesn’t.

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Okay so let’s get on with this BitConnect Review…

So there’s quite a bit of buzz about this company at the moment and chances are you’ve been contacted, probably by email, about the opportunity.

Over the course of this review, we’ll take you through the company, their products, and their Compensation Plan so you have all the information you need to make an informed decision about BitConnect.

Be Warned…

You need to read this review to the very end because I am going to expose some worrying truths about this new online cryptocurrency opportunity.

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BitConnect and the Company behind it

After taking a look at the domain “BitConnect.co” I can confirm that the company that purchased the domain has set the details to private. So all I can confirm at the moment is that the domain was registered on February 9t, 2016.

BitConnect Review

When you look at the BitConnect website it looks very professional and even has its own video (see below) but when you start digging a little deeper you find that it really is only a few pages deep and these all seem to be Frequently Asked Question type pages.

BitConnect and the Product line that’s easy to resist

Rather strangely BitConnect doesn’t actually offer any kind of product be it either physical or digital. What they do offer is an opportunity to join the BitConnect affiliate programme that gives you the opportunity to earn ‘Daily Returns’ on your investment.

BitConnect Scam

Basically, you earn ‘Daily Returns’ by depositing Bitcoin into your BitConnect account. Your Bitcoin is then converted to BitConnect coins which you then earn a daily Return on Investment (ROI) on inside the company.

The investment and returns are as follows:

Investment From

$
Investment To

$
Return On Investment

%
Investment Locked

Days
Return on Investment

%
1001000402990
101050004023923.9
5010100004017935.9
100101000004012030

And if you manage to enroll affiliates in the BitConnect programme you can earn referral commissions. Check out the Compensation Plan below:

LevelReferral Bonus
17.0%
23.0%
31.0%
41.0%
50.5%
60.3%
70.2%

BitConnect

How much does it cost to join BitConnect

There is no actual up front fee or a recurring monthly membership essentially it’s free to join however affiliates are required to invest between $100 and $100,000 in order to join, earn and get paid in the compensation plan.

Conclusion Is BitConnect a Scam

Do you think the BitConnect Scam exists?

So let’s quickly go over this again…

  • Company details are hidden or withheld
  • No physical products
  • No digital products.

So essentially you are taking your Bitcoin, which has value and converting it into BitConnect coins which have no value outside of BitConnect in exchange for the promise that you are going to receive an ROI.

This has got Ponzi scheme written all over, in fact, I’d go as far as to say it’s text book, Ponzi.

New investors funds are used to pay off existing investors so once people stop coming to BitConnect which they will the company owners will be forced to close down unable to meet the crazy returns running off with the remaining investor’s funds to boot.

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