BitConnect – Another Ponzi Like USI Tech?

For those who have heard of BitConnect (see Bitcoin on CoinMarketCap) but do not understand what it is, then you should know that this is a community platform designed for all potential investors with diverse investment opportunities providing cryptocurrency education. You will find all the freedom and independence you have always desired in a like-minded community who have the same goals of finding a stable income in this world of high competition in almost every field. At least that’s what you hope?
The big question that people ask themselves is how to make money with BitConnect. Here, we have provided a complete on several ways on which you can use to earn money on this platform.
Buying and Selling Cryptocurrency Coins
Just like stock exchange market, you can participate in buying and selling Bitcoins to earn some remarkable profit. It is a simple business task as you will need to follow up the market and find out the right time to purchase or sell your coins. To participate in the trade, you initially purchase some coins to start off your investment dreams.
To buy the bitcoins, all you need to do is visit the BitConnect official website and register as a user. You will find a green button which is the link that will lead you to the bitcoin address where you need to deposit your coins. After depositing, you will see a pending unconfirmed transaction. The transaction will be confirmed after some time and becomes active for trading after three bitcoin confirmations. You will need to be patient for around 30 minutes where you need to sit down and relax.
To buy and sell the coins, you will require the lending machine available at the website.
Lend or Invest in the coins from BitConnect wallet
After purchasing the coins and all your BCC filled forms, you can now navigate through the website to your dashboard and click the lend BitConnect button. The Bitconnect box appears where you need to enter the amount you want to lend in USD. Carefully read the terms and conditions which includes the terms of services that you are sure of what you are doing to avoid any inconveniences later on.
Then after understanding all the regulations, you need to check the small checkbox then select the mode of payment from the buttons at the bottom of your screen. Once you pay from your wallet, you will need to hit the confirm button and receive the message informing you that the transaction is completed but you need to have the required amount in your wallet. You have seen how pretty investment opportunity its as you will receive your coins back with interest.
Earning from the referral program
The other simple method to earn income through the platform is via the referral program where you will earn 7% of the profit from the first people you sign every time they earn. If you get two more, you earn 3% of their profits, and for the next rounds of referrals, you get minimal amount reducing from 1% moving downwards to 0.5% and below. But it is a good income earning method for the first five referrals you get; it will sustain you because the more you invest and the more they invest, the higher your profits become. So, it is a good opportunity to try, and you will surely earn.
Coin Supply channel
You can also invest in the Coin Supply channel for new coins which you may add to your wallet and decide on where to make more investment when your the coins accumulate.
Coin demand channel
You can diversify your investment opportunities in the Coin demand channel on BBC staking. Here the chances of earnings are variable depending on the season, but you are assured of a steady return which comes with capital and security inclusive.
The platform also allows you to invest in Coin distribution channel when you trade your coins and trading the BCC in the exchange market. The only precaution to note is that here the earnings are high, but there are some risks involved.
As you have seen, the BitConnect platform offers you unlimited opportunities to earn money thus diversifying your sources of income to support your needs in everyday life. You should not get scared but join the network and meet millions of people who are earning lots of income from the same and having a common goal. The good thing is that the platform offers plenty of information involving cryptocurrencies that will guide you in making the appropriate decision.
See our USI Tech review which is a similar company to BitConnect

Is USI Tech Worth Your Time? Full Review

The increasing activities of network marketers on social media and increasing online popularity of USI-Tech has compelled me to review it.

I have written this unbiased USI Tech review to help you to know this concept more closely before investing in it. There’s a lot of information out there on USI Tech so it’s hard to know who to trust.

Introduction with USI Tech

UPDATE – Since originally writing this USI Tech review the company has actually changed how they operate. Rather than getting you to buy into a software that trades forex it is now free and you buy BTC packages.

The company has completely re-invented itself and is operating on Bitcoin plus they are also launching their own token via an ICO.

Read a more up to date review at http://nobsimreviews.com/usi-tech-scam as the following article is not accurate anymore.

About USI

USI Tech is a company but its website does not provide any information about the background of its owners or operators. This fact can be a serious issue for many people interested in investing in some online business. The only information provided by the website of this company registration of its domain which was registered by someone named as Joao Severino on 23rd June, 2016. Its registration also provides a Portugal’s address but that also does not seem to be reliable due to lack of any background information of the company.

Moreover, nothing can be known about Severino, even after searching his history, due to language barriers. In my view, the companies try to hide something when they provide very little information about its background. Such things make it doubtful about the legal status of the company but before taking a final decision you should know its schemes and products.

Products of USI Tech 

The website of USI Tech also does not talk much about its product line. For this reason we will have to assume that the company does not have products or services that can be retailed by their affiliates to retailers in the open market.

Actually, the company itself sells affiliate membership to the people interested in buying affiliation of such companies. Some of the companies with such set up try to be successful but there is great risk of failure of business and loss of money.

In this case, the company offers access to its forex auto-trading platform running on MT4 Trading software to each of its affiliates. MT4Trading is a free software that uses Expert Advisors to analyse financial markets.

As claimed by USI Tech, earlier its affiliates have earned up to 150% return per year by following its long term and midterm investment strategies.

Compensation plan

The compensation plan of UTI Tech includes both types of commission – recruitment commission and brokerage fee in terms of commission to its affiliates. The affiliates are paid commission on direct as well as residual basis.

Recruitment Commissions

As direct recruitment commission the affiliates are enabled to earn 120 EUR for every personally recruited affiliate. Though it seems to be a good earning for an affiliate but every new affiliate has to pay 600 EUR to the company as his membership fee.

Residual Commissions

The company calculates residual commission by using company’s 3×12 matrix system as all other MLM companies calculate. When all the 797,160 positions are filled through direct and indirect recruitments then the matrix is considered complete.

Out of 600 EUR paid by new affiliate to the company 150 EUR are given to the affiliate as residual commission after splitting it into 12 instalments of 12.50 EUR each to be sent to at 12 levels of company’s matrix.

Broker Commissions

USI Tech also provides broker commission to its affiliates that comes from the fee collected by the company from the affiliates for using its software. This commission is also distributed as per 3×12 matrix system of the company.

An affiliate gets 25% of the fee paid to the company on every new recruitment and rest of the 75% is divided to 12 levels of the matrix in 12 small payments. An important thing to keep in mind is that every month the brokerage fee will vary depending upon the number of people using this system. If more people are using it then brokerage fee will increase.

Cost of joining USI Tech

Though there is no monthly membership but you have to pay 600 EUR to the company to be its affiliate which not very meagre amount to join a MLM company.

Conclusion for USI 

After going through the USI Tech review I have provided in this write up it can be easy for you to make a wise decision about joining it.

Though I cannot call it really a scam but you should consider all of its pros and cons before signing up as an affiliate.

There are certain risks involved including the risk of failure of the business and the risk of losing your hard earned money.

Recommendation

Personally I prefer to invest in ICO’s and other cryptocurrencies to earn money rather than wasting time on Bitcoin MLM programs like USI.

Here are some solid resources I use to invest:

I will put together a followup post on how I use these resources.