Bit-Trade operate in the MLM cryptocurrency niche and claim to be based out of Vancouver, Canada.

Supposedly heading up the company is Philippe Nicolas.

A stock image of a white guy in a suit in used to represent Nicolas. The same image
appears on a number of other websites
.

Given this it is assumed that Philippe Nicolas doesn’t exist and Bit-Trade has no operations in Canada.

The Bit-Trade website domain (“bit-trade.io”) meanwhile was privately registered on July 28th, 2017.

At the time of publication Alexa estimate that 100% of traffic to the Bit-Trade website originates out of India.

This strongly suggests that whoever is running Bit-Trade is likely also based out of India.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Bit-Trade Products

Bit-Trade has no retailable products or services, with affiliates only able to market Bit-Trade affiliate membership itself.

The Bit-Trade Compensation Plan

Bit-Trade affiliates invest bitcoin on the promise of an advertised 250 day ROI.

Starter Pack – $100

Standard Pack – $200

Ultimate Pack – $500

Professional Pack – $1000

Investor Pack – $5000

Exact ROI rates are not provided on the Bit-Trade website.

Referral Commissions

Bit-Trade pay referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Bit-Trade cap payable unilevel levels at five, with commissions paid out as a percentage of funds invested across these five levels:

level 1 (personally recruited affiliates) – 0.1%

levels 2 to 5 – 0.05%

Matching Bonus

Bit-Trade pay a Matching Bonus by what appears to be a binary compensation structure.

The Bit-Trade compensation plan does state that it matches investment volume on both sides of the binary team daily.

The specific matching percentage however is not provided.

Joining Bit Trade

Bit Trade affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the Bit Trade MLM opportunity requires a minimum $100 investment.

Conclusion

Bit Trade’s fraud begins with the porky pies they claim about the company.

Bogus management details with stock photos and the claim of “years of trading experience in the crypto-currency markets” perfectly compliment Bit Trade’s fraudulent business model.

Said business model sees Bit Trade claim to generate external ROI revenue through “cryptocurrency exchange and trading”.

Our professional team of traders is ready around the clock to provide you a steady income with your

🤖 Quick Answer

What is Bit-Trade and what does it claim to offer?
Bit-Trade operates in the MLM cryptocurrency sector, claiming to be based in Vancouver, Canada. The company allegedly offers cryptocurrency trading services with promises of 250-day return on investment, characteristic of Ponzi scheme structures.

Who is listed as the founder of Bit-Trade?
Philippe Nicolas is listed as the company's head. However, the image representing him is a stock photo used on multiple websites, suggesting the identity may be fictitious and the founder's actual identity remains undisclosed.

What evidence suggests Bit-Trade's actual location differs from its claims?
The domain bit-trade.io was privately registered July 28, 2017. Alexa traffic data indicates 100% of website traffic originates from India, contradicting the stated Vancouver headquarters location.

What red flags characterize Bit-Trade's operations?

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