The Bitcoin Club bills itself as a cryptocurrency training and education site, but the truth is that it’s little more than an MLM pyramid recruiting matrix with some token training and education services acting as a compliance fig leaf.
What Is The Bitcoin Club?
There’s no information on the Bitcoin Club site itself that would reveal who’s running the show behind the scenes. This is typical with gifting schemes and recruiting matrices, as these scams usually rely on anonymity at the very top to make it difficult for angry, duped investors to find them and get their money back.
There are few clues as to where Bitcoin Club is actually located, as the site’s registration is likewise anonymous. One clue is that it’s somewhere outside of the United States, as visitors to the site with an IP originating from the US are presented with a message stating that the service isn’t available in their area.
While it’s not definitive, our money is on the site originating from Germany. This educated guess is based on Alexa site data indicating that a full 20% of traffic to the site comes from that country.
The Bitcoin Club Product
There’s no real product or service being sold by The Bitcoin Club, nor is there product or service members can market or sell themselves. Instead, the only activity is in promoting the Bitcoin Club affiliate scheme in itself, which involves purchasing matrix positions and then recruiting others to do the same.
As mentioned earlier, The Bitcoin Club claims to provide training and education to its members on how to navigate the world of cryptocurrency, but this is nothing more than a blind meant to obfuscate the matrix earning scheme.
The Bitcoin Club Opportunity
Becoming a member of The Bitcoin Club provides opportunities to work one’s way through a nine-tier 2×2 Bitcoin gifting matrix. Affiliates purchase a matrix position for 0.02 BTC, receiving a commission of 0.04 BTC for filling all six positions. Users can then graduate to a deeper position by paying an ever-increasing fee in order to receive the following rewards:
- Tier 2 — 0.1 BTC reward
- Tier 3 — 0.1 BTC reward
- Tier 4 — 0.5 BTC reward
- Tier 5 — 1 BTC reward
- Tier 6 — 3 BTC reward
- Tier 7 — 3 BTC reward
- Tier 8 — 6 BTC reward
- Tier 9 — 36 BTC reward
The Bitcoin Club Verdict
The Bitcoin Club insults your intelligence by not just claiming to be a “training and education” platform but then by leading you to believe that you’ll be able to fill a 2×2 recruitment matrix nine times successfully in order to get the princely sum of 36 BTC, which is worth around $150,000 at Bitcoin’s current valuation. What The Bitcoin Club doesn’t tell you – conveniently enough – is how difficult that is to achieve, as each of your direct recruits needs to fill their own matrices in order to be successful, and each of their recruits needs to do the same thing, and so on and so forth down the line ad infinitum.
Eventually the number of people interested in this scheme is exhausted. Recruitment dries up, the pyramid collapses, and you’re left high and dry. Your BTC buy-ins, of course, go to the anonymous admins of the company. They get rich, not you.