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Bonus Bitcoin Review – Is It A Scam or Legit? Compensation Plan Exposed

One of the serious questions that we really have to know before jumping into any money making program is to know if it is a scam or not.

We wouldn’t want to join a company just to get scammed where the owner takes off with all the money or gets shut down due to compliance issues.

We are going to avoid this by digging into the details about the company and who owns it, the products or service they offer, and how the compensation plan works and how you make money with it.

We have seen that the program was getting some buzz around some of the social media platforms that we are part of so we wanted to learn what it really is all about and if it really is worth it.

With that said, let’s dig in and see what we can learn.

Table of Contents

Bonus Bitcoin Review – What Is It?

Bonus Bitcoin is a program that you can join and claims that you can earn free Bitcoin without spending a dime out of your own pocket.

I reviewed a ton of programs that claim that you can earn Bitcoin without doing anything that turns out to be a scam so it will be interesting to see if this program is any different.

Apparently, after some time, it turns out to be a legit site that offers this but it is not exactly what you think it is when compared to other programs that offer the ability to earn without doing anything other than joining the program.

The Truth

When you really analyze the earnings that you are able to make with Bonus Bitcoin it is no much at all.

It is not the typical MLM program in this space where they offer multiple levels of commissions that you can ear from referrals and team members, it is an affiliate program with only direct referral commissions offers.

The amount of money you are looking at is very small and will be the maxed out at the small amount that you will be able to earn which most call pathetic.

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But hey, It’s Free Money Right?

So how can one complain about free Bitcoin that you can earn without doing a thing?

There are also other ways that you can make money with the Bonus Bitcoin opportunity which we will get into in the next section.

With that said, let’s dig into to how the program works…

The Company Overview

When taking a look at any opportunity that you can make money with we like to see information about the owner on the company page.

This gives us the opportunity to look at their background and experience and also offers a bit of a trust factor.

Unfortunately, the Bonus Bitcoin website does not offer this information.

The Bonus Bitcoin Products

Bonus Bitcoin does not offer any products other than joining the program for free and earn Satoshi.

Since the program is not an MLM program and more of an affiliate program that you can join for free, retail products are not really required.

How Does Bonus Bitcoin Work?

In this section of the review, we are going to take a look at how Bonus Bitcoin works.

The website claims that you can earn Bitcoin like your turning on a “Bitcoin” faucet, but how does it work?

Here are some of the bullet point about the main functions on what to expect:

  • Earn every 15 minutes that the program runs
  • Get up to 5k in “Satoshi” per claim
  • You get an automatic daily bonus of 5%
  • You get free withdrawals whenever you want them
  • You also get 50% referral bonus commissions

This all sounds like a really great opportunity to join, but is it really legit?

Bonus Bitcoin Compensation Plan Breakdown

In this section of the review, we are going to take a look at how the compensation plan works and how you make money with it.

What we know that this is not your typical MLM structured business model because you can join for free and earn at a rate of every 15 minutes and up to 5k in Satoshi coin.

Referral Commissions

Bonus Bitcoin also offers referral commissions at a rate of 50% of the amount that your new referral makes for the lifetime of that referral.

That is really all there is to the compensation plan that Bonus Bitcoin offers and how you make money with it.

It is a really simple program to get started with.

What I Liked About Bonus Bitcoin

  • It does offer a way to earn Bitcoin for free (can’t complain)
  • It does offer a decent referral program that pays out well.
  • The fact that you can withdraw your earnings at any time and instantly.

What I Didn’t Like About Bonus Bitcoin

  • The commissions that you can make are a petite size small.
  • Most likely it is a Ponzi Scheme.
  • You are going to see a ton of advertisements that are basically spam.
  • No ownership information on the company page.
  • No retail product or service offered.

What I’ve learned about programs that promise free Bitcoin without having to do anything else is that they were all too good to be true.

Story Time…

When these type of Bitcoin companies first started out, they got really popular quickly because of the automatic earning benefit without having to do anything else other than making an investment.

I must admit that I fell for it, and joined the USI Tech opportunity because I fell for the “fake story” that the company made that they were operating a legit program.

The way they said they were sustaining the ROI’s were through trading and arbitraging bitcoin including their own coin.

We later learned that it was a complete scam once the SEC stepped in and looked into what was really going on which was by new investments funding the ROI’s that were paid out.

I joined at the ass end before they shut down which REALLY sucked because I lost over 1k that I invested, but I’m glad in the sense that I was about to invest a lot more soon after.

After the shut-down of USI Tech resulted in very messy legal issues with many of the reps and caused a domino effect where many other programs were issues cease and desist letters in several countries.

EVERY time that the government took the time to look into any of these types of companies, the company was shut-down soon after.

With that said, I don’t see anything new here.

My Bonus Bitcoin Q and A Section

In this section of the review, we are going to answer some of the questions that people may have when thinking about joining the Bonus Bitcoin opportunity.

Is Bonus Bitcoin BBB Accredited?

No, Bonus Bitcoin is not accredited with the Better Business Bureau.

This is not an indication that Bonus Bitcoin is a scam, it simply means that it is not listed or accredited at this time.

I usually only refer to the BBB for additional company information and also to look at the reviews and testimonials to compare them with my other resources.

How Much Does It Cost To Join Bonus Bitcoin?

You can actually join the Bonus Bitcoin opportunity for free.

The next section of the review will cover the question that many of you are here to learn which is…

Is Bonus Bitcoin A Scam or Legit Opportunity?

The bottom line is that you can join for free and they are going to pay you in Satoshi every 15 minutes.

You also get paid when you refer others that also join for free and earn.

I can’t really call it a scam, but the amount of money that you will make will be very tiny.

This program is personally not really worth my time, but if you enjoy small commissions, then this might be the program for you.

My Final Bonus Bitcoin Review and Thoughts

In the final section of the review, we are going to share our thoughts on the Bonus Bitcoin opportunity as a whole.

We have taken the time to review the details about the company, the products, and the compensation plan and how you make money with it.

We have also shared our thoughts on why we don’t really think that this program is a scam and why.

At this point in my article, you should have a clear understanding of what Bonus Bitcoin is all about and how it works.

What are your thoughts about it?

But here is the question…

Do we recommend the Bonus Bitcoin opportunity?

No, just for the fact that you will not earn that much money for the time and effort that you put into it and can earn.

I would suggest other opportunities like the one that we recommend in this review.

I hope you enjoyed my Bonus Bitcoin review.

Make sure to click on the social share buttons on this page and share it with others before you go so that others can learn exactly what the Bonus Bitcoin opportunity is really all about.

Mining Express Review: “Fixed daily bonus” crypto mining contracts

Mining Express provide no information on their website about who owns or runs the business.

The Mining Express website domain (“miningexpress.com”) was first registered in January, 2004.

The domain registration details were last updated in August, 2020, suggesting this is when the current anonymous owner(s) took possession of it.

Update 13th May 2020 – Mining Express promotional material claims Kaze Fuziyama is the owner of Mining Express.

Fuziyama (right) is based out of Rio de Janeiro in Brazil.

Prior to Mining Express Fuziyama was promoting the One Thor and D9 Clube Ponzi schemes. /end update

Read on for a full review of the Mining Express MLM opportunity.

Mining Express Products

Mining Express market a $100 “Beginner” investment plan that promises an advertised “fixed daily bonus”. After the first a month an additional $10 fee is also charged.

No details about the bonus or how much is paid out are provided.

The Mining Express Compensation Plan

Mining Express affiliates invest funds on the promise of a “fixed daily bonus”.

  • Standard – $500
  • Professional – $1200
  • Master – $20,000

The exact percentage paid out daily to Mining Express affiliates is not provided.

Recruitment Commissions

Mining Express affiliates are paid to recruit new affiliates who invest.

How much of a recruitment commission is earned depends on how much an affiliate themselves invests when they sign up:

  • Standard affiliates earn a 5% recruitment commission
  • Professional affiliates earn a 6% recruitment commission
  • Master affiliates earn a 7% recruitment commission

Residual Commissions

Mining Express pay residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

Mining Express affiliates are paid a 5% commission on new investment volume on their weaker binary side.

Note that Mining Express do not clarify whether residual binary commissions are paid daily, weekly or monthly.

Matching Bonuses

Mining Express pay a Matching Bonus on recruitment and residual binary commissions and mining contract ROI earnings.

The Matching Bonus is paid out via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

The Matching Bonus for both recruitment and residual binary commissions are capped down five unilevel team levels.

Recruitment Commissions and Mining ROI Match

  • Standard affiliates earn a 3% match on level 1 (personally recruited affiliates) and 2% on level 2
  • Professional affiliates earn a 3% match on level 1, 2% on level 2 and 1% on level 3
  • Master affiliates earn a 3% match on level 1, 2% on level 2 and 1% on levels 3 to 5

Binary Commissions Match

  • Standard affiliates earn a 5% match on level 1
  • Professional affiliates earn a 5% match on level 1, 4% on level 2 and 2% on level 3
  • Master affiliates earn a 5% match on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 and 5

Membership Fee Commission

The Mining Express compensation plan suggests that each affiliate must pay a $10 monthly fee.

Mining Express take this fee and use it to pay a monthly commissions.

The Membership Fee Commission is paid out using the same unilevel compensation structure as the Matching Bonus.

  • Standard affiliates earn a 5% commission on level 1 (personally recruited affiliates)
  • Professional affiliates earn a 3% commission on level 1, 2% on level 2 and 1% on level 3
  • Master affiliates earn a 3% commission on level 1, 2% on level 2 and 1% on levels 3 to 5

Joining Mining Express

Mining Express affiliate membership is tied to a Standard ($500), Professional ($1200) or Master ($20,000) mining contract investment.

All Mining Express affiliates must also pay a $10 monthly fee.

Conclusion

Despite claiming to generate ROI revenue through altcoin mining contracts, Mining Express offer no evidence of any external ROI revenue generation.

In a Portuguese Mining Express presentation doing the rounds, the company claims to have a mining facility in Kropyvnytskyi, Ukraine (formerly known as Kirovohrad).

The facility however is represented by an illustration, followed by several stock images used to represent Mining Express offices.

This obviously casts doubt on whether the claimed mining facility even exists.

Also it’s worth noting the use of Kirovohrad/Kirovograd. This is the former name of Kropyvnytskyi, suggesting whoever put together the presentation has geographical familiarity with Ukraine.

That said most of the Mining Express marketing material I came across was in Portuguese.

In any event, absent of proof of ROI revenue, the only verifiable source of revenue entering Mining Express is new affiliate investment.

Using newly invested funds to pay existing Mining Express affiliates a “fixed daily bonus” makes Mining Express a Ponzi scheme.

If proof of Mining Express’ mining facilities and use of externally generated funds to pay affiliates surfaced, the company provides no evidence it has registered with securities regulators in any jurisdiction it operates in.

Thus at the very least, Mining Express is an illegal unregistered securities offering in any country where securities are regulated.

Bonus Mining Review: is Bonusmining.pro a Scam or Should I Invest?

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Before visit please read Disclaimer below
DISCLAIMER

The uploader is not the owner of these programs and is also not connected to the presented websites in any way
The uploader does not encourage you to invest or not to invest in these programs ,
There is high risk involved in trading , mining , ICO’s , lending and investing in cryptocurrency
You should always do your research before making any investment.
Please Consider this video as information and not as Recommendation
Please use the Website(s) shown in this video AT YOUR OWN RISK
investing can lead to a complete loss of your money
I am not responsible for your decisions!

These videos are for informational and entertainment purposes only
#Cloudmining #Cryptocurrenciesmining #Bitcoinmining

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