Bitwabi operates in the cryptocurrency MLM niche. The company is headed up by CEO Oscar Costa.

Costa, full name Oscar Costa Revienta Cerebros, is based out of Granada, Spain.

Prior to running Bitwabi, Costa (right) was running an pet kennel and animal shelter.

Possibly due to language barriers, I wasn’t able to ascertain whether Costa has an MLM history.

Update 26th August 2020 – 
Following a tipoff from a reader below in the comments, I was able to confirm that prior to Bitwabi, Oscar Costa was promoting the
ArbiStar
Ponzi scheme.

Since leaving ArbiStar, Costa has all but scrubbed evidence of his involvement across the internet. 
/end update

Read on for a full review of Bitwabi’s MLM opportunity.

Bitwabi’s Products

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

Bitwabi’s Compensation Plan

Bitwabi affiliates invest funds on the promise of advertised annual returns:

Bronze – invest €250 EUR and receive €83 EUR a month for 12 months

Silver – invest €500 EUR and receive €166 EUR a month for 12 months

Gold – invest €1250 EUR and receive €416 EUR a month for 12 months

Diamond – invest €3000 EUR and receive €1000 EUR a month for 12 months

Premium – invest €6000 EUR and receive €2000 EUR a month for 12 months

Premium Plus – invest €12,000 EUR and receive €4000 EUR a month for 12 months

Referral Commissions

Bitwabi pays referral commissions using 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.

Bitwabi caps payable unilevel team levels at ten.

Referral commissions are paid out as a percentage of funds invested across these ten levels as follows:

level 1 (personally recruited affiliates) – 30%

levels 2 to 10 – 2%

Note that to unlock commissions across levels 6 to 10 of the unilevel team, a Bitwabi affiliate must personally recruit affiliates who together invest €50,000 EUR.

Leadership Bonus

When a Bitwabi affiliate generates €150,000 EUR in investment volume by personally recruited affiliates, they receive €15,000 EUR worth of bitcoin.

The Leadership Bonus is qualified each time €150,000 EUR is generated.

As a bonus, the first time the Leadership Bonus is qualified for, a Bitwabi affiliate receives a 15-day trip for two to the Dominican Republic.

Global Bonus

Bitwabi affiliates are designated VIPs when they

qualify for residual commissions across all ten levels of their unilevel team;

qualify twice for the Leadership Bonus; and

generate €5 million EUR in investment volume across the first ten levels of their unilevel team.

Bitwabi

🤖 Quick Answer

What is Bitwabi and who founded it?
Bitwabi is a cryptocurrency-based multilevel marketing company operated by Oscar Costa Revienta Cerebros, based in Granada, Spain. The company claims to offer bitcoin investment opportunities with exceptionally high annual returns.

What was Oscar Costa's previous business involvement?
Before establishing Bitwabi, Oscar Costa operated a pet kennel and animal shelter. Subsequently, he was confirmed to have promoted ArbiStar, identified as a Ponzi scheme, before founding Bitwabi.

Does Bitwabi offer retail products or services?
Bitwabi lacks legitimate retail products or services for consumers. The company's business model centers exclusively on cryptocurrency investment claims rather than tangible goods or practical services.

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