Is Bitcoin Wealth Club a Scam?
If you’re trying to avoid scams online then you should probably stay away from this program. I recently came across Bitcoin Wealth Club and was hoping that it would be a decent income opportunity, but as I delved deeper into this product, it opened up a can of worms.
Ponzi schemes are sprouting up everywhere and their sole purpose is to snatch as much cash as possible from innocent people. Bitcoin Wealth Club claims that it can help members become Bitcoin millionaires.
In today’s review, I’ll be revealing the real intentions behind this program and whether it delivers on its promises.
The fact that you’ve taken a moment to scrutinize this product before buying it should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from wasting money and time.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to Bitcoin Wealth Club in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you how this program’s funnel system works, and whether you can create a sustainable income stream from it…
Bitcoin Wealth Club Product Review
- Name of Product: Bitcoin Wealth Club
- Owner: Vitaliy Dubinin
- Type of Product: Educational Resource for Cryptocurrencies
- Cost of Product: Free to Sign Up + Options to Upgrade
- Who Is This Product Best For? ABSOLUTELY NOBODY!
Bitcoin Wealth Club Product Summary
Bitcoin Wealth Club claims to be an academy for people wanting to learn cryptocurrency. It operates on the premise that members can access a training series that teaches them how to earn huge profits from Bitcoin.
The reality is that this platform funnels you into various Ponzi schemes which are all ultimately worthless! I wish I had something good to report about this program, unfortunately I don’t.
Product Rating: 1/100
Would I Recommend This Product? Hell No!
Bitcoin Wealth Club Explained
On the face of it, Bitcoin Wealth Club appears to be resourceful MLM platform offering to teach members about cryptocurrency via its library of educational material. However, the truth is that the program is hiding a host of sinister intentions which I’ll reveal as we go along.
Bitcoin Wealth Club is actually a funnel for several MLM Ponzi schemes centered around cryptocurrency
The platform is owned by a guy named Vitaliy Dubinin who resides in Israel. His background profile states that he’s previously worked for companies such as My Lead System Pro, another questionable program. According to Vitaliy, he has many years of experience in the MLM sector and has been active since 2006. Apparently, he worked on several more successful projects after his stint at My Lead System Pro.
He joined My Lead System Pro in 2014 after graduating with a degree in Finance and Management. He finished working for the company in 2017 and began formulating a series of handbooks to assist with recruiting over 30 members per month to various programs. Apparently, the handbooks boosted his online earnings to more than $236,000 in 12 months and helped him sign up 449 members onto many different affiliate platforms.
He now claims to have combined these handbooks into a single powerful product which is Bitcoin Wealth Club. The program supposedly has almost 80,000 members.
Exploring Bitcoin Wealth Club
The SEC and FTC advise that if a program does not offer any actual products or services then it’s most likely a pyramid scheme or Ponzi scheme. Therefore, to avoid being branded as one of these, Bitcoin Wealth Club has done something a bit clever by offering an educational series.
Bitcoin Wealth Club offers a range of educational tutorials that claim to help generate passive earnings for its members via cryptocurrency.
Below is a list of their tutorials:
- Lesson 1: How Bitcoins Wealth Club Helps You Massively Grow Your Wealth
- Lesson 2: What Is Bitcoin and Why It’s Completely Revolutionizing Money
- Lesson 3: Secrets to Wealth Acceleration
- Lesson 4: How to Passively Multiply your Income by 5X Over and Over, And How To Build Passive Residual Income
- Lesson 5: How Bitcoins Wealth Club System Works
- Lesson 6: How To Trade Cryptocurrencies
- Lesson 7: How To Achieve your Dreams with Bitcoins Wealth Club System
I could have provided you with more insight into the above training, but this would be pointless. I’ll explain later.
Apparently, the educational resources specialize in training newbies about cryptocurrencies, however, this is a false pretense used by the program to avoid being caught out by the FTC and SEC.
During the first 3 lessons, Bitcoin Wealth Club attempts to convince you why their program is the best, during the fourth lesson you’ll then be funneled into lots of different Bitcoin Ponzi schemes that Vitaliy makes his money from.
- Trade Coin Club: This program is a Bitcoin Ponzi scheme that’s recently restricted its high-level investors from accessing their own funds!
- USI Tech: This program turned out to be a pyramid scheme that was taken down in Canada and the US.
- Cryp Trade Central: This platform is a Ponzi scheme that claims it can provide members with a yearly ROI of up to 361.35%.
- Mindset 24 Global: Yet again, another pyramid scheme that focuses on cryptocurrencies and is promoted as a multi-level marketing business.
What’s Really Happening Behind Bitcoin Wealth Club
What exactly is happening behind this program and what is Vataliy hiding from us?
The truth is, Bitcoin Wealth Club is a program that cunningly funnels people in various unscrupulous programs. Members are hoodwinked into joining several Ponzi schemes that do nothing more than fatten the scammer’s wallet.
The entire list of programs recommended by Vataliy are either blacklisted in certain countries or the regulators have issued alerts to stay away from these Ponzi schemes.
Can You Profit With Bitcoin Wealth Club?
Let’s pretend for one second that you can actually earn money through this program. There would be two methods to do this:
Method 1: Apparently, you can make money when sign up for the Premium membership. You will be awarded with 20% of the monthly fee that your referrals pay when they sign up to Premium or VIP membership.
Method 2: Furthermore, Bitcoin Wealth Club claims that you can enjoy passive earnings through their programs, where the bulk of your profits will come from. You can supposedly achieve this by joining the programs recommended in the training, which are all either Ponzi or Pyramid schemes.
The odds are already stacked against you from the moment your money is invested into any of these programs because you will never see any profits or get your hard-earned cash back.
Signing Up with Bitcoin Wealth Club
Surprisingly, Bitcoin Wealth Club is free to sign up. But this is just a ploy to lure you into a false sense of security. The free lessons are nothing more than an extension of their sales pitch to get members to pay for Ponzi schemes and hooked on the idea that these opportunities are profitable.
You can switch from the free membership to either Premium ($97 per month) or VIP ($297 per month). It’s unclear what the major differences between the memberships are.
Is Bitcoin Wealth Club The Right Product For You?
Bitcoin Wealth Club is a worthless product that I wouldn’t recommend to anyone. The sole purpose of this program is to funnel members into Ponzi and Pyramid schemes.
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Bitcoin Wealth Club Exposed!
1). A Gateway To Ponzi Schemes!
The reason why I’m advising you to stay away from BWC is because of the programs that it’s associated to. If you do a separate online search on any of their recommended programs you will find nothing but bad news. The programs are either Ponzi schemes or pyramid schemes.
2). You Will Not Profit With Bitcoin Wealth Club
Realistically, you will not profit from this opportunity, even if you were to take advantage of their referral incentives. The individuals behind these programs are selling a pipe dream to people with very little knowledge about cryptocurrencies.
This is the big reason why cryptocurrencies Ponzi schemes are so lucrative (for the scammers).
3). The Owner Has a History With Ponzi Schemes
The owner of Bitcoin Wealth Club has historic links to many different pyramid and Ponzi schemes. We don’t know how many unethical programs Vataliy is involved with but it’s most likely that he’s lost count. He’s clearly making huge profits from innocent people. Don’t become one of his victims.
Ponzi schemes work on the proviso that they’ll continue to thrive if people continue to pump money into them so that top-tier members like Vataliy continue to get paid.
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Advantages of Bitcoin Wealth Club
There’s absolutely nothing good to say about this program. It’s a worthless piece of junk that pretends to be a valuable educational resource. The true intention is to funnel members into various scams.
Is Bitcoin Wealth Club a Scam?
Bitcoin Wealth Club is an unethical program designed to funnel you into different Ponzi schemes. It’s eluded the FTC and SEC by offering what looks like an educational product series, which is in fact an extension of their sales pitch. I cannot recommend BWC for the following reasons:
- Every single product recommended by them is either a Ponzi or Pyramid scheme. They only care about lining their own pockets with your money and offer nothing in return.
- Vataliy is linked to many other Ponzi schemes and by paying for these programs you’d be simply fueling his empire of scams.
Steer clear of Bitcoin Wealth Club. This program is not worth joining and would be a waste of your money and effort.
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, let’s just say that I’ve been caught short a few times.
Instead, Affiliate Marketing is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
- You can get started for Free.
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Affiliate marketing can help you to…
Generate a 4-Figure Monthly Salary and become financially free from the limitations of a traditional day job. You can do this in less than 12 months!
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