Are you looking for an honest and unbiased My Bitcoin Daily review to make an informed decision?
If yes, you are in the right place.
Throughout this My Bitcoin Daily review, I will cover these following point in order to help you have a better understanding of this program:
- First I will show you what my Bitcoin Daily is about,
- How does it work,
- The cost to join
- The pros and cons and my final point of view
My Bitcoin Daily review summary:
Company name: My Bitcoin Daily
Products/service: advertising and MLM company
Price to join: 0.0009344 BCT (about $8 at the time I was writing this review)
Legit or scam? To early to judge
SOW YOUR SEED TODAY rating: 2/10
Do I recommend this? – NO! You will know why I don’t recommend this by the end of this review.
Let’s dive in.
What is exactly my Bitcoin Daily about?
My Bitcoin Daily is a Bitcoin MLM advertising company that reward user on the basic of 2×20 forced matrix.
You need to pay 0.0009344 BTC and that will give you 50 text credits and 10o banner credits to advertise your offers to other members and the opportunity to get commission by spreading the word. Their compensation plan goes down to 20 levels deep with only 2 referrals at your first level.
What I want you to know is that you need to renew your subscription each day and your first subscription goes directly into the pocket of your upline. Same for you if you manage to get your direct referrals.
How does it work?
This is a Bitcoin advertising platform combined with an MLM. You pay 0.0009344 BCT entrance position and they will give you 100 banner credits and 50 text advertising credits to advertise your offer.
Subscribtion is renewed daily and they will credited your account with the same stuff (100 banners credits + 50 text credits) daily as long as you renew your subscription.
This is about $8 per day for 100 banners credits and 50 text credits.
In my opinion, advertising credits are used as a selling point. This is just another pyramid scheme disguised as an advertising platform.
In my opinion, they simply use the advertising service to hide their pyramid structure.
Who is the onwer of My Bitcoin Daily platform?
I don’t know about you before I join any company I seek to find out who is the owner, their background, and experience in the company that they created.
Unfortunately, there was no information that I could find out about My Bitcoin Daily owner.
I have tried to use WHOIS to find out who is behind this website. But since their domain name has been privately registered we cannot have any information about the Owner.
And this a red flag for me. Because the lack of information about the owner is making it seem like they are hiding something for some reason.
How much it will cost you?
My Bitcoin Daily is an MLM program and to get started you need to buy an entrance position (0.0009344 BTC).
The name is not my Bitcoin Daily for nothing. That means you can get Bitcoin every day. That also means you need to invest your money in it every day. I mean 0.0009344 BTC each day. That is about $8 per day.
Is My Bitcoin Daily a scam?
I don’t think My Bitcoin Daily is a scam per se. This is a brand new advertising and Bitcoin MLM company.
And they offer banner and text ads credits for your purchase but as I pointed it out earlier, many MLM companies just use the product to hide their pyramid structure.
And in my opinion, this is exactly what MBD is when we know they emphasize on recruitment than selling retail products.
I will not be recommending it as an earning site for a couple of reasons.
The first issue is about the service or product itself:
You get advertising credits to advertise your offer. But the cold truth is that everyone is looking to promote his product and not looking for opportunities to make money online.
The second issue is that it seems My Bitcoin Daily emphasis on recruitment than selling the product itself. That makes it look like a pyramid schema.
Don’t get me wrong this is what Wikipedia and the FTC state: “many illegal pyramid schemes attempt to present themselves as MLM businesses and they may be difficult to recognize immediately.
Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure”.
My Bitcoin Daily review: Pros and cons
My Bitcoin Daily review: Pros
You get advertising to advertise your own offer
My Bitcoin Daily review: Cons
The conversion rate for advertising is low as everyone is there to advertise his offer
My Bitcoin Daily review: FAQ
What is My Bitcoin Daily about?
My Bitcoin Daily is an MLM and advertising platform.
How to join My Bitcoin Daily?
Joining my Bitcoin Daily is straightforward. You just need your sponsor username and an email address to sign up.
Can I make money using My Bitcoin Daily?
That depends on your capacity to recruit. Like any MLM company, you need to recruit in order to make money. If you can convince people to invest $8 daily to get 100 banner credits + 50 ext credits or to do the same as you did, then you can make money using this platform.
Is there a money-back guarantee?
No, there is a money-back guarantee. They offer an instant commission to members as I pointed it out earlier.
What is the minimum deposit and withdrawal amounts?
The minimum deposit is 0.0009344 BTC. As for withdrawal, it is 0.0014 BCT with a 0.0004 withdrawal fee.
Wrapping up and my final thoughts
My Bitcoin Daily is an advertising and MLM company that reward user with Bitcoin.
The subscription fee is 0.0009344 BTC (about $8 at the time I was writing this review) and you need to renew it a daily basis. That gives you 100 banner credits + 50 text credits to advertise your own offer and also the chance to participate in their MLM opportunity (2×20 matrix with 100% matching bonus).
I don’t recommend this program due to the issues that I found with their business model and lack of transparency I covered earlier in this review.
Plus, I know how these kinds of sites work. Those who lose money on these kinds of sites are more likely than those who make money.
That’s why I will not recommend such a site to my readers under any circumstances.
You now have all of the information about My Bitcoin Daily to make an informed and wise decision on whether or not it is the right opportunity for you.
If above all you are willing to take the risk, then go ahead. But don’t say that I didn’t warn you.
If you are looking for ways to advertising your offers, in my opinion, My Bitcoin Daily is not the best way to go.
Instead of spending your hard-earned cash, I recommend you build a website and start writing content.
This is the best way to get traffic and leads for your business.
I hope you found my Bitcoin Daily review helpful.
If this is the case, share it with your friend.
If you have a question regarding this review, drop it down on the comment section and I will respond to you ASAP.
Be an ACTION Taker, Sow Your Seed Today.
To your success,