Bitcoin Instant Payment System provide no information on their website about who owns or runs the business.
The Bitcoin Instant Payment System website domain (“bitcoininstantpayment.com”) was privately registered on March 11th, 2017.
Further research reveals there are two admins in the official Bitcoin Instant Payment System Facebook group; Sükür Hassan and Andie Vincze.
The Sükür Hassan account appears to be bogus and has no content (indicative of a purchased Facebook account). Andi Vincze does appear to be a real person, with marketing for multiple MLM underbelly scams appearing on her Facebook timeline.
Vincze appears to be an affiliate rather than admin however, so it’s doubtful she is running Bitcoin Instant Payment System.
It’s worth noting that the website template for Bitcoin Instant Payment System is the same as
Global Bitcoin Profits
, a recently launched bitcoin gifting scam.
Whether the same admin(s) is/are running both companies is unclear.
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.
Bitcoin Instant Payment System Products
Bitcoin Instant Payment System has no retailable products or services, with affiliates only able to market Bitcoin Instant Payment System affiliate membership itself.
The Bitcoin Instant Payment System Compensation Plan
Bitcoin Instant Payment System affiliates gift bitcoin to each other 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.
Bitcoin Instant Payment System cap payable unilevel levels at eight.
A Bitcoin Instant Payment System affiliate begins by signing up and gifting 0.01 BTC. This payment is distributed to eight upline affiliates (as per the unilevel team), as well as two payments going directly to the admin.
The payment also qualifies an affiliate to earn on gifting payments made by affiliates recruited into their unilevel team, again down eight levels of recruitment.
Although not explicitly clarified, I believe each 0.01 BTC gifting payment is distributed equally (0.001 BTC).
Joining Bitcoin Instant Payment System
Bitcoin Instant Payment System affiliate membership is tied to a 0.01 BTC gifting payment.
Conclusion
Bitcoin Instant Payment System sees affiliates gift bitcoin to each other via batch 0.01 BTC gifting payments.
It’s the equivalent automation of making individual 0.001 BTC payments to eight participants, with the admin skimming two shares of each 0.01 BTC payment.
To recover gifted funds, a Bitcoin Instant Payment System affiliate then received fun
🤖 Quick Answer
Who are the administrators of Bitcoin Instant Payment System?The official Facebook group lists two admins: Sükür Hassan and Andie Vincze. Hassan's account appears to be inactive or purchased. Vincze is identified as a real person with MLM marketing activity on her Facebook profile, though she may function primarily as an affiliate rather than actual administrator.
Why is the website registration privacy significant?
The bitcoininstantpayment.com domain was privately registered on March 11th, 2017. Private domain registration obscures ownership information, preventing public identification of the actual business operators and raising transparency concerns regarding operational accountability.
What transparency issues exist regarding Bitcoin Instant Payment System's ownership?
The website provides no publicly available information about ownership or management. Combined with private domain registration and unclear admin roles, these factors create significant opacity about who actually operates and controls the Bitcoin Instant Payment System business structure.
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