BTChamp2 is a bitcoin-based pyramid scheme that promises to help you get rich quick with no hard work, experience, or skill required. Here’s our BTChamp2 review.
What Is BTChamp2?
BTChamp2, found online atBTChamp2.info, is a multilevel marketing scheme that exclusively accepts bitcoin as a payment method. You pay BTC to join the company. Then, the only way to make a positive ROI is to convince other people to pay to join the company.
The scam has been advertised across the internet in recent weeks. Like other bitcoin pyramid schemes, it’s targeted towards people who have heard about the benefits of bitcoin, want to get rich quick, but don’t know how to get started. BTChamp2 is targeted at this market.
We can’t find any evidence online that BTChamp2 has ever paid anyone. As far as we can tell, this is a pyramid scheme that will take your money, refuse to let you withdraw any money, and then disappear once enough donations have been collected.
The scam is also advertised under the name “BTChamp 2.0”. We can’t find any evidence of an original BTChamp or a BTChamp 1.0.
How Does BTChamp2 Work?
Pay a membership fee to join the company. The company calls this a “donation”, although in reality, you need to pay to sign up for the company and participate in the pyramid scheme – so it’s more of a mandatory membership fee than a “donation”. The company doesn’t mention this upfront, but your donation is a monthly contribution. You’ll need to continue giving the company money every month to stay active.
Convince other people to pay to join the scam. You’ll need to send your referral link to other gullible people online, then hope they pay to join. If they pay, you get a small portion of their membership fee. The remaining portion gets passed to the top of the pyramid scheme.
Get rich. BTChamp2 claims you can get rich quick through their system. All you need to do is continue referring other people to the platform until the scheme collapses. There are 5 levels of referrals for you to fill out. However, to qualify for the five level scheme, you’ll need to “donate” at least 0.8 BTC, or about $3500 USD.
To be clear, BTChamp2 has no product or service. The company isn’t selling anything. They’re exclusively selling memberships. You pay to join the company. Then, the only way to make money is by convincing other people to join. The company will continue working like this until no more members can be recruited, at which point the scam will collapse and the founders will disappear with the money.
BTChamp2 isn’t even a very good scam. The website is filled with sentences like this:
“FEATURE OF BTCHAMP 2.0 : IF YOUR DOWNLINE FROM LEVEL 5 HARD WORK AND WHEN HE UPGRADE LEVEL 5 YOU TO GONNA GET THAT DONATION AND IT GONNA UPGRADE YOU TOO TO LEVEL 5 SO HERE ALL WE NEED TO WORK HARD AS TEAM SO NO ONE GOT LEFT BEHIND…”
Yes, that sentence is written in all caps. And no, I can’t understand what that paragraph is saying. The website is filled with gibberish like this. There are so many red flags around the BTChamp2 bitcoin scam that we’ve lost count.
Who’s Behind BTChamp2?
There are already plenty of red flags surrounding BTChamp2. However, one of the easiest ways to spot a bitcoin scam is when the founders refuse to disclose information about themselves online.
As you might expect, the BTChamp2 website has no contact information, no “About Us” page, and no information about who’s running the scam. Typically, this means the founder of the scheme wants to keep his or her identity a secret when they eventually shut down the scheme and disappear with the money.
BTChamp2 is a bitcoin pyramid scheme that doesn’t even pretend to be a legitimate company. The company offers no products or services. You pay money to join the company. Then, the only way to recoup your investment is to convince other people to pay the same membership fee. You get a cut of that fee, while the rest gets passed to the founder of the company – who refuses to tell us anything about the company or its background.
Ultimately, BTChamp2 will likely disappear with your money immediately after you deposit it. however, you can decide for yourself today if it’s a scam or legitimate investment opportunity by visiting BTChamp2.info.