10XBitcoin Review - Another Crypto Currency Driven Scam?

There is no doubt that crypto-currency is the hottest topic right now.

Put that together with some type of income opportunity and you have the recipe for success and/or disaster as there are countless scams trying to take advantage of the hype.

Is 10XBitcoin one of those scams or is it truly a chance for you to make money online through the many options they claim to have?

So many questions and not so many answers which is why I would like to give you everything you need to know about this program through this review.

Is this really where you want to put that hard earned money of yours?

Let’s dig a little deeper to see what 10XBitcoin really has to offer.

What Exactly is 10XBitcoin?

10XBitcoin is an ad network, traffic generation, marketing service, Bitcoin and Crypto-Currency education platform that allows you to make money online.

Whew, that’s a lot!

There is no indication as to who owns or runs the site, which is never a good sign when it comes to any make money from home opportunity.

The overall site is also half done and it seem to still be under construction as there are pages that have nothing on them or “more info coming soon” type images.

The Products

There are no products that come with this site and not even a digital product for that matter, even though they claim to have a bunch of them.

All you are really getting with 10XBitcoin is the chance to join and be able to recruit others so that you can make the company and yourself more money.

I don’t know how you were introduced to this program but I’m guessing it was in a way that you were told that you can make money.

Whether it be through digital currency or their advertising/revenue sharing option, I want to show you exactly how this site works.

First of all, there is no real training going on here and the advertising portion of this operation is nothing more than a decoy just so that there’s some type of product offered.

Don’t have that “product” and you can bet that this is nothing but a ponzi scheme.

How Everything Works

The way the overall site works is actually really simple although it may seem like a lot of work was put into it.

When you join (which is free of course), you are then given two options as to how you can make money.

Invest in the revenue sharing part of the program
Share the site and make a profit from every person you bring in

Of course you can do both, which the people that get in early do.

They will put in a huge chunk of money (and yes, people put thousands into programs like this), go out there and recruit others by showing them how much they are making.

Once people see that, they will put money in as well, until everything starts slowing down, causing everyone to panic and withdraw all their money.

The so called owner of the site will come up with some excuse as to why no one is getting paid, when the only reason is that no one new is joining.

As long as new people are coming into the site and putting in money, everyone will make money.

Before You Join

So we already know that money is made solely on new members coming into the program, right?

Now I do want you to know that yes, you can actually make money with this.

Do remember that once that stops, no one will make any money.

You also need to remember that if you do decide to join, it will take at least 1 month before you even get your initial deposit back and start earning profits.

There is no guarantee that you will make any money or even get your seed money back and there are also no refunds.

So once you put that money in, don’t expect to get it back after feeling you made the wrong decision.

If you plan on putting in $25, don’t expect to make anything crazy because your earnings are going to be really slow and it’s really just a waste of time.

DO NOT use any money that you need if you do decide to join, because there are many that try to use their grocery money and then realize that they won’t get that back until at least a month has gone by.

Keep these in mind if you plan on joining this or any revenue sharing based program.

The Price & Compensation Plan

10XBitcoin is actually an MLM based company and there are multiple levels from which you can make money from.

They operate on a 2×15 model, which means that you will get paid for everyone you bring in as well as the people they bring in, which can go as far as 15 levels deep.

Levels 1-8 gives you 5% on their memberships
Level 9 gets you 4%
Levels 10-13 gives you 4%
Level 14 gives you 4%
Level 15 gives you 5%

In any revenue sharing formula, this is really high and is not a great way to keep cash in the system.

Final Verdict

I’m sorry 10XBitcoin but you are a no-go at this station.

What we have here is nothing more than another way to take advantage of the Bitcoin hype as well as the desperation from those looking to make more money, which is almost everyone we know.

Although it is not a flat out scam, there isn’t much thought put into this and it already seems like the owner is not planning to have this around for a long time.

Although you can make money with this program, I can not recommend it no matter what.

Someone’s always going to lose and it’s always going to be those of you at the bottom of the scheme.

Conclusion

I have been apart of several revenue sharing programs in my career and although I did make money through new members, 10XBitcoin doesn’t look like it’s going anywhere.

If you want to make money, I say invest it into something like MLSP and get the education and knowledge that will get you to making a solid income online.

Revenue sharing programs are good for a little while, but there’s just no way that it will last forever even if we wanted them to.

Avoid 10XBitcoin at all costs or you’ll find yourself giving money to those at the top.

Although I am not completely against revenue sharing as it is not a real business, this is not one that I see going very far.

If you do decide to join, I do wish you luck because you’re going to need it.

Other than that, thanks for reading my review of 10XBitcoin and I hope I gave you enough information to decide if this is the right program for you.

Thanks for reading and good luck!

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