What is BitEarn? Is BitEarn a Scam or a Legit?
Have you landed here because you were searching for the BitEarn reviews in order to find out either is BitEarn Ponzi or not, either is BitEarn Pyramid Scheme or not, either is there any BitEarn complaints or not, either is BitEarn a scam or a legit and so on, overall to find out what is Bit Earn? If so, then you have landed in the right place because here, within our BitEarn review, we are going to provide the complete truth about Bit Earn. Actually, the compensation plan of BitEarn is a combination of Ponzi and Pyramid Schemes which both are illegal schemes and not a sustainable ones. So, we don’t recommend anyone to work with BitEarn and have listed it within our Bad and Scams category. You can find more details on Bit Earn within our Bit Earn review, but before that, if you want to find out what kinds of companies we have recommended, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/
If you take a look at those recommended online work companies, then you will find out that we have only recommended those online work companies which don’t have any legal issue, which business model is completely sustainable and which are established from very long time. Among all of those recommended online work companies, our No.1 recommendation is Wealthy Affiliate about which you can find details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK let’s begin with our Bit Earn review as below in order to find out what is BitEarn in real.
What is BitEarn and why is BitEarn a scam?
BitEarn is a scam, an illegal company although it claims to be a revenue sharing platform. It claims to pay its members 4% daily return on the purchase of its shares until members earn back 130% return in total and after that also it claims it will keep on sharing revenue according to the company growth and profit. BitEarn also claims to pay commission up to 10 level downlines which makes it a combination of both Ponzi and Pyramid Schemes because it hasn’t provided any verifiable source of income from where it can pay those revenues and commissions. In order to cover that much of ROI and downline commissions, it must make very high amount of profit which is not possible in the case of BitEarn’s business. Any MLM (Multi-Level Marketing) company which pays commission up to 10 level downline without selling any real products or services, just by selling passive income membership which generates ROI is completely a Pyramid Scheme which is not a legal business.
Companies like BitEarn are known to be revenue sharing advertisement companies but in real are Ponzi schemes. We never recommend anyone to work in these kinds of companies.
None of the legit companies can quote the exact time frame for the amount of return that they can pay to their members because in the reality, none of the companies can generate similar profit daily and definitely it will be more hard to generate 4% profit daily for majority of companies. On top of that, if some companies can generate 4% daily in real, then why even they need to open a website to collect the money from several people when they can just take a loan from any local bank in much more less price than what they owe to pay their members. So, why aren’t they taking loan from bank? It is simply because in order to take loan from a bank they need to show the verifiable source of income, legal documents and good business plan which simply they can’t.
As per the WHOIS detail, the domain of BitEarn was registered in March, 2017. But, in their website, they have written that they was officially launched on April 2017. But, we are writing this review on 20 March 2017, so they was launched in the future. Legit companies never do such blunders. Only the owners who are not too much serious on their business will do such kinds of blunders. You can see that part of their website within their “How it Works” page.
Companies like BitEarn claims to be the platform for advertisement but it is not because only those people will view ads in these kinds of companies who want to earn revenue and they will be never interested on those ads. So, we can’t get good results from those ads. So, we also never recommend anyone to use these kinds of platform for advertisement purposes as well.
So, it is completely clear that BitEarn is a scam. That’s why we have listed it within our Bad and Scams category.
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