Are you looking for a Bitlocity review? If you want to earn Bitcoin, you might have heard of Bitlocity. But you may wonder if it is a scam.
I have a passion to help people explore money-making opportunities online. Over the years, I have reviewed many programs like Bitlocity.
In the past week, I have done thorough research about Bitlocity so I can tell you more about it.
As a disclaimer, I’m not affiliated with Bitlocity . It means I’m not paid to write this review. So you can be sure that my words are unbiased.
At the end of this review, I’ll also tell you a better alternative that has enabled me to make a full-time passive income online.
In this Bitlocity review, I’m going to cover the following.
What is Bitlocity?
The Bitlocity scheme is literally a gifting scheme using Bitcoin instead of cash. You pay a fee to be able to recruit new people. You get money for recruiting people, and you pass the money on to the person who recruited you.
This is a pure pyramid scheme. When recruitment slows down, there aren’t enough funds left to pay everyone. The scheme collapses.
Bitlocity is 100% a pyramid scheme, but not all programs that require you to recruit are pyramid schemes. Since there’s no actual product to sell, you know this is a pyramid scheme.
When the only source for revenue is recruitment, it’s a pyramid scheme and that’s the case with Bitlocity.
You can actually get in legal trouble for participating in Bitlocity since pyramid schemes are illegal in a lot of countries like the United States.
It is wrong to think Bitlocity is legal just because it uses Bitcoin and not cash. Would you recruit people to participate in something that they will lose money for sure?
Joining Bitlocity requires Bitcoins.
Here are the various membership levels available:
- Bronze ($25)
- Silver ($50)
- Gold ($75)
- Platinum ($100)
- Pearl ($200)
- Ruby ($750)
- Sapphire ($1000)
- Emerald ($2000)
- Diamond ($5000)
- Double Diamond ($10,000)
- Blue Diamond ($20,000)
- Ambassador ($50,000)
- Crown Ambassador ($100,000)
It would cost $189,000 to participate in the entire program.
How Much Money Can You Make With Bitlocity?
You can only earn money from Bitlocity by recruiting. Therefore, it is a pyramid scheme. There is no product to sell here.
It’s all about recruiting. You help recruit people, earn money, then move up the ladder.
How much you can make depends on your level of membership, so you won’t make as much as a higher level member.
Below you’ll find information about how compensation works based on your membership level:
Bronze And Silver Levels
Bronze and silver are the first two membership levels of the Bitlocity affiliate program. They give you the option of recruiting members. One commission goes to you, and the other gets gifted to another Bitlocity affiliate.
As soon as you pass these two levels, another recruitment slot becomes available, giving you the chance to recruit a third person.
Gold And Higher Levels
As soon as you reach the gold level or higher you have three spots under you that need to be filled. The first two recruits’ commissions go to you, while the other recruit’s commission is given to the person who recruited you.
Bitlocity is not free. You have to pay a membership fee which ranges from $25 to $100,000. You cannot get a refund once you pay the membership fee.
You can then only recruit people into the scheme, otherwise you will lose all your money invested.
Since it is a pyramid scheme, I don’t think the membership fee is worthwhile.
Bitlocity Pros And Cons
- I cannot find any pros for Bitlocity because it is not legitimate.
- There’s no product to sell here, and recruiting is the only way to make money. That’s a pyramid scheme.
- The fact that Bitlocity uses Bitcoin instead of cash doesn’t alter the fact that it is illegal in the United States and around the world.
- There is very little chance to make money. A pyramid scheme collapses rapidly.
Is Bitlocity a scam?
Bitlocity is not legitimate because it is a pyramid scheme. Most countries, including the United States, don’t allow pyramid schemes. Some people say Bitlocity uses Bitcoin so it’s legal, but it’s not. You can read this report from the SEC which confirms this point.
Therefore, don’t join Bitlocity if you don’t want to lose money.
Instead, if you want to build a legit and sustainable business online, I have a better recommendation for you.
You will be able to build a digital asset that can generate passive income for you. Let me tell you more in detail in the next section.
Is There A Better Alternative to Bitlocity?
If you are new to online business, I’d recommend you to start with affiliate marketing, which is one of the best online business models.
This is because in affiliate marketing, you can run your business almost with zero cost and achieve a steady passive income without any trouble with paid ads. It’s a legit business that you make money by helping people.
I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate which teaches you the real secrets of free traffic.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch.
It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate ?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.