BitEstate provide no information on their website about who owns or runs the company.
The BitEstate website domain (“bitestate.biz”) was privately registered on November 7th, 2017.
Although BitEstate claims to be operated out of London, UK, it is far more likely that whoever is actually running it is based out of Russia or the Ukraine.
Alexa estimate Russia is currently the largest source of traffic to the BitEstate website (20%).
Russian is an offered language on the BitEstate website. BitEstate also operate a VKontakte social media account, which the company publishes content to in Russian.
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.
BitEstate Products
BitEstate has no retailable products or services, with affiliates only able to market BitEstate affiliate membership itself.
The BitEstate Compensation Plan
BitEstate affiliates invest bitcoin on the promise of an advertised ROI.
Singapore Tanglin Plan – invest 0.001 to 1 BTC and receive up to 176% over 32 days
Dubai Marina Plan – invest 0.01 to 1.5 BTC and receive up to 145% over 10 days
Miami Beach Plan – invest 0.05 to 2 BTC and receive up to 240% over 20 days
BitEstate pay referral commissions on invested funds down two levels of recruitment (unilevel):
9% on level 1 (personally recruited affiliates) and
3% on level 2
If a BitEstate affiliate invests 0.1 BTC and recruits at least ten investors, referral commissions are increased to 12% on level 1 and 6% on level 2.
Joining BitEstate
BitEstate affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the BitEstate MLM opportunity requires a minimum 0.001 BTC investment.
Conclusion
BitEstate claim to generate external ROI revenue through bitcoin real estate transactions, property management activities and short-term financing in bitcoin.
The company provides no evidence of any of these business activities taking place.
Furthermore, BitEstate’s business model fails the Ponzi logic test.
If BitEstate’s anonymous owners already had a real estate business generating in excess of 290% every 20 days (that’s 5292% annually
without
compounding), they’d have no reason to solicit investment from randoms over the internet.
The reality of BitEstate is the only verifiable source of revenue entering the company is new investment.
Using new investment to pay existing investors makes BitEstate a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve BitEstate of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
🤖 Quick Answer
Who owns and operates BitEstate?BitEstate provides no publicly available information regarding company ownership or management. The domain was privately registered in November 2017. Evidence suggests operational control from Russia or Ukraine rather than the claimed London headquarters, based on traffic analysis and Russian language support.
What is BitEstate's geographic footprint?
BitEstate claims London-based operations, though analytics indicate Russia generates the largest traffic portion at 20%. The company offers Russian language options and maintains a VKontakte social media presence with Russian-language content publication.
Why is BitEstate's anonymity concerning?
Lack of transparent ownership disclosure represents a significant red flag in MLM company evaluation. Investors should exercise caution before committing funds to organizations unwilling to publicly identify management or ownership structures.
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