BitBirth is a cryptocurrency investment scheme that promises to pay you 200% to 1000% investment returns. Find out how it works today in our review.
What Is BitBirth?
BitBirth, found online at BitBirth.com, describes itself as “a compensation plan”. By participating in that compensation plan, you can multiply your bitcoin 2x to 10x in a short period of time.
Basically, you give the company a bunch of money, and then convince other people to pay the company money. If you do this a sufficient number of times, then you’ll earn 200% to 1000% investment returns.
Overall, BitBirth is advertising itself as an investment opportunity anyone can use to get rich quick. Obviously, there are plenty of scams online advertising similar results. Is BitBirth yet another bitcoin-based investment scam? Or is this a legitimate opportunity to get rich? Let’s take a closer look at how it works.
How Does BitBirth Bitcoin MLM Matrix Work?
BitBirth works like a pyramid scheme or multilevel marketing scheme. You pay to join a forced matrix. Then, the only way to recoup your investment is to convince other people to join that same matrix.
Because it’s a “forced matrix” plan, BitBirth restricts the number of distributors you can sponsor on your first level. The company claims it restricts the number to about 5. However, it also mentions possible matrix plans as 2×3, 3×3, 5×5, 4×7, 5×7, 3×9, and 2×12. It’s unclear how BitBirth’s forced matrix plan works.
As with most MLM schemes, you’ll need to pay a large entry fee and ongoing monthly subscription fees. If you don’t pay your subscription fees, you’ll lose membership in the company. BitBirth demands a joining fee of $50 to $2,000.
If you do all of this, then BitBirth will pay you 2x to 10x your investment returns, making it one of the best investments you’ll ever make. As the official website explains, “Becoming a bitcoin millionaire just got a million times easier.”
Here’s the process broken down in step by step form:
Step 1) Signup for a BitBirth account and confirm your email
Step 2) Pay the joining fee and the ongoing monthly membership fee, allowing 24 to 48 hours for confirmation
Step 3) Choose your “investment package”
Step 4) Start recruiting people to join the scheme; you get paid every time someone else pays the membership fee
Ultimately, BitBirth functions like every other pyramid scheme or MLM scam in existence: you pay a fee to join, then pay ongoing membership fees to stay active. The only way to make money is by referring other people in your downline to join the company. The more people you refer, the more money you can make. The scheme continues until there are no more “investors” (i.e. gullible victims) willing to pay the membership fee, at which point the scheme collapses and everyone loses their money.
We can find no evidence that BitBirth has any type of legitimate investment fund, nor is there any proof that anyone has been able to withdraw money from the investment scheme.
BitBirth Investment Packages
BitBirth advertises six different investment packages:
- Basic ($50): Earn $300 USD
- Starter ($100): Earn $585
- Premium ($200): Earn $1200
- Deluxe ($500): Earn $3000
- Gold ($1000): Earn $5100
- Diamond ($2000): Earn $10,200
BitBirth provides no proof of any of these earnings. The company claims to have 60+ members who have paid thousands of dollars into the scheme, but there’s no evidence that anyone has fallen for the scam thus far.
Who’s Behind BitBirth?
One of the easiest ways to spot a cryptocurrency investment scheme is when the creator of the scheme refuses to disclose their identity. Such is the case with BitBirth, which has no contact information, location info, or personal information available online.
The company’s domain, BitBirth.com, was registered to an anonymous individual on December 30, 2017.
The company posts fake contact information online. Their phone number is listed as +1 (234) 567-890, for example. The only way to contact the company is through an online form at BitBirth.com, although it’s unclear if that form goes anywhere.
If someone is advertising a “powerful” investment opportunity to you, but refuses to disclose their identity or how the scheme works, it’s a sign you’re being scammed. Based on everything we can find online, BitBirth is a blatant scam. The company is requesting money upfront, then claims to pay you 200% to 1000% returns with no recruiting required. In reality, BitBirth is just another Ponzi scheme, pyramid scheme, or MLM scam you should avoid.