Are you looking for the MyBTCLife reviews in order to find out what is My BTC Life, either MyBTCLife.com is a scam or a legit, either there have any complaints on MyBTCLife or not, either MyBTCLife is legal or not and so on? If so, then you are absolutely in the right place because within our MyBTCLife.com review, you can find the complete truth about My BTC Life in order to find out either is MyBTCLife scam or not. Actually, My BTC Life is a cash gifting illegal business run and operated by the same group who is running another cash gifting scheme known as Bitdonix. So, this already proves that MyBTCLife is not a sustainable business and even have maximum probability for facing legal issues. You can find our detail review on MyBTCLife as below. However, if this information is enough for you and if you want to find out the real opportunities to make money online, then you can find our list of legit online work companies by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among those legit online work companies, we have rated Wealthy Affiliate as a No.1 online work company about which you can find the details by clicking his link:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let's begin with our www.mybtclife.com review as below in order to find out what is www.mybtclife.com.
My BTC Life Login and Join in link:- https://www.mybtclife.com/ (Not Recommended to join)
MyBTCLife.com is a cash gifting scheme which is neither a legal, nor a sustainable business model. It operates just by gifting cash between the members. It also offers 2x4 forced matrix structure to earn commissions from multi level downlines without selling any products, which makes it Pyramid Scheme as well.
My BTC Life was founded by Lubos Hollan and Tousif Parvez. Lubos Hollan is from of Slovakia and Tousif Parvez is from Abu Dhabi. As per the WHOIS details, the owner of My BTC Life is Tousif Parvez from Abu Dhabi. Hollan and Parvez both are co-admins of BitDonix which is another illegal cash gifting scheme. On top of that, Hollan was promoting My24HourIncome which is another bad site. So, considering the business model of the site and the owner's background, we think it is enough to list MyBTCLife within our Not Recommended sites list.
Aforementioned, it is clear that My BTC Life is not a legal and sustainable business, so we don't recommend you to work in this company. However, if you still want to know what this site offers its members to earn money from it, then you can find the details as below.
In order to work with MyBTCLife, first of all you need to pay 0.003 BTC as a gift to your sponsor who will recruit you to join this program. After that you need to recruit other new members into this system as your referrals so that when they join the system by paying 0.003 BTC, you will earn that money as a gift from your referrals. Like this you need to pay 0.003 BTC every month to your sponsor in order to be eligible to earn money from your referrals every month when each of them pay 0.003 BTC per month.
They also provides the opportunity to earn from your multi level referrals, where the level 1 referrals are those whom you will directly recruit and level 2 referrals are those whom your level 1 referrals will recruit and so on. In this way you can earn money by participating into their 2x4 forced matrix structure, means you can earn upto 4 level of your referrals, but for that you need to invest more money every 30 to 50 days. For example, when you make a gifting payment of 0.005 BTC to your second level sponsor every 30 days, then you will be eligible to receive 0.005 BTC from each of your second level referrals when they also make a gifting payment to their second level sponsors every 30 days. Similarly, when you pay 0.015 BTC to your third level sponsor every 40 days, then you will be eligible to get 0.015 BTC from each of your third level referrals every 40 days and when you pay 0.06 BTC to your fourth level sponsor every 50 days, then you will be eligible to get 0.06 BTC from your fourth level referrals every 50 days.
So, now it is clear that in order to earn money from My BTC Life, you have to recruit people and let them make a payment just to join this system, not to purchase any real products, actually just to give you cash as a gift. They are using 2x4 forced matrix system on their compensation plan without selling any real products which make their system another illegal business, known as Pyramid Scheme.
Aforementioned, it is clear that My BTC Life operates by gifting the cash between the members which is completely an illegal and unsustainable business because it will be hard to convince the new people to join the system by paying the cash where there is not any real products to purchase due to which at certain point, the market to get new referrals will be saturated and the ones who will join the system at last will leave the system which will start to backfire the system from down to up and whole system will be collapse at last. Many Pyramid Schemes which were running without any good products, just by selling membership have been already collapsed many times in the past and even if some of them manage to survive for long run, then also there is huge probability for having legal issues. So we don’t recommend you to work in such kind of risky company because we only recommend sustainable, legal and established companies which you can find by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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