I am sure like myself, you also want to learn more about them, before investing your hard-earned money with them. Especially with a company like Bit Cycler, which runs it business entirely online.
To help you guys, I have done some research and prepared this Bit Cycler Review. I have divided this into company profile, products, compensation plan and finally my thoughts.
Let’s check what I dug up!
What Exactly Is Bit Cycler?
Bit Cycler pre-launched on December 5th, this is as fresh of an MLM company as it gets. I have tried to find information about the owners of this company but there’s none to be found.
Then I dug a little more and found that they have 3 admins on their Facebook page which are; Tonatiuh Cordero, Antonio Solis, and Armando Castillo. No further information is given about them.
From the domain registrar, I found that the site registration will expire on October 2018, which is decent for a website.
Regarding the web traffic, I found that most of their traffic is coming from Nigeria (61.8%). They must have good marketing campaigns there. The rest of the countries with notable web traffic are Philippines (7.9%), Spain (6.6%), India (4.5%), and the USA (2.4%).
That is all about the company. Scroll below to check their products.
Products Offered by Bit Cycler
Bit Cycler does not offer any physical or digital products, which you can buy or sell. However, you can promote the membership after you become an affiliate member.
The Bit Cycler Compensation Plan
Bit Cycler is free to join, but if you want to get paid, you must buy positions in one of three straight-line queue cyclers.
The position at the top gets paid cycler commission per every two new members joining the queue:
- Cycler 1 (Positions cost $20) – $26 cycler commission
- Cycler 2 (Positions cost $50) – $67.50 cycler commission
- Cycler 3 (Positions cost $100) – $140 cycler commission
You also get paid referral commission when you personally sponsor people in an unilevel structure. It looks like this:
- You at top position
- Level 1: Personally enrolled members
- Level 2: Level 1’s personally enrolled members
- And so on…
You can earn up to five levels deep with below commission rates:
- Level 1 (Personally recruited affiliates) – 10%
- Level 2 – 5%
- Level 3 – 3%
- Level 4 – 2%
- Level 5 – 1%
However, you will only get paid if you have sponsored more than 10 members.
When you personally recruit more members, your commission rate also increases.
Details are shown below:
- Sponsor 100 affiliates – 13% on level 1, 7% on level 2, 4% on level 3, 2% on level 4 and 1% on level 5
- Sponsor 1000 affiliates = 15% on level 1, 8% on level 2, 5% on level 3, 3% on level 4 and 1% on level 5
- Sponsor 10,000 affiliates = 20% on level 1, 10% on level 2, 6% on level 3, 4% on level 4 and 2% on level 5
My Final Thoughts on Bit Cycler
Bit Cycler is not a company with any straightforward information. You cannot even see their information without logging into the site. This means you are handing over your personal details to them including your email, name, and phone number.
Their poor web presence also raises a question about the seriousness on the venture. However, this may change after they have formally launched their business.
Another thing to be noted is that they trade in BitCoin which is an untraceable money transaction. They can very well run off with your money and you would never find out about it or trace them.
They also do not have solid products or investment plan. They are only relying on you and the new recruits as their main income source which turns it to a Ponzi scheme.
Overall there are too many red flags for me to invest my money with them. Things might improve when they fully launch but I have my doubts. Your investment decision is however entirely up to you.
Hope you enjoyed my Bit Cycler review and learnt valuable insights about the company.
My Personal Recommendation:
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Again, I hope you enjoyed this review and I’ll see you all at the top!
PS. All questions are welcomed, feel free to leave it in the comment area below… again God bless!