Bitcoin5 provide no information on their website about who owns or runs the business.

The Bitcoin5 website domain (“bitcoin5.com”) was privately registered on March 28th, 2017.

A corporate address in Manchester, UK is provided on the Bitcoin5 website. Further research however reveals this address is actually virtual office space provided by Regus.

“Bitcoin 5 Limited” was incorporated in the UK on April 3rd, 2017.

Adam Bates is listed as the sole Director of the company, through a different residential address in Manchester.

Given the lack of information provided about Bates and the generic sounding nature of the name, it is highly likely that he doesn’t exist.

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.

Bitcoin5 Products

Bitcoin5 has no retailable products or services, with affiliates only able to market Bitcoin5 affiliate membership itself.

The Bitcoin5 Compensation Plan

Bitcoin5 affiliates invest 0.005 BTC or more on the promise of an advertised daily ROI of up to 5%.

The ROI paid out is a variable rate spanning 1% to 5% over 20 days.

After 20 days a Bitcoin5 affiliate is able to withdraw the ROI paid out plus initially invested amount.

Referral commissions on funds invested by downline affiliates are paid out 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.

Based on how many affiliates they’ve recruited, Bitcoin5 affiliates earn referral commissions on either three or five unilevel team levels.

If a Bitcoin5 affiliate personally recruits less than 300 affiliates, they receive

8% on level 1 (personally recruited affiliates)

2% on level 2 and

1% on level 3

If a Bitcoin5 affiliate personally recruits 300 or more affiliates they receive

12% on level 1 (personally recruited affiliates)

3% on level 2

1% on levels 3 to 5

Joining Bitcoin5

Bitcoin5 affiliate membership is tied to a minimum investment of 0.005 BTC.

Conclusion

The ruse behind Bitcoin5’s 20 day ROI payments is “electronic currency transactions”.

The anonymous Bitcoin5 owners claim

Having gained positive experience at investing their own money and achieved considerable success in managing transactions for several large-scale partners, we have decided to open the door to the project’s opportunities for a large number of private investors with available funds.

Naturally there’s no proof of any “transactions” taking place, much the less 
any
external source providing ROI revenue.

Thus the only verifiable source of revenue entering Bitcoin5 is

🤖 Quick Answer

Who owns and operates Bitcoin5?
Bitcoin5 provides no publicly available information about ownership or management on its website. Adam Bates is listed as sole director of Bitcoin 5 Limited, incorporated in the UK on April 3rd, 2017, though verification of this individual's existence remains unconfirmed due to limited available information.

What is the corporate address provided by Bitcoin5?
Bitcoin5 lists a corporate address in Manchester, UK on its website. However, this address corresponds to virtual office space provided by Regus, a commercial services company offering registered business addresses rather than physical operational facilities.

When was the Bitcoin5 domain registered?
The Bitcoin5 website domain "bitcoin5.com" was registered on March 28th, 2017, with private registration details. The associated company, Bitcoin 5 Limited, was officially incorporated in the United Kingdom approximately one week later on April 3rd

🔗 Related Articles

- Arbitrage Go Review: Daily returns bitcoin Ponzi scheme
- BullRun Review: Brazilian serial scammer launches bitcoin Ponzi
- CFTC files charges against $147 million Control Finance Ponzi
- Empire Coin Club Review: Bitcoin package investment Ponzi
- iKapitol Review: 5% to 15% a month bitcoin Ponzi scheme