Is Crypto Wealth a scam or a legit opportunity to make money online? Will it make you wealthy beyond your wildest dreams or send you to the poor farm? People were asking these questions so I decided to look into it.
Let’s take a closer look and uncover the truth…
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Company Name: Crypto Wealth
Co-Founders: Joe Jansen
Price To Join: $50 (Bronze Package)
My Rating: 0/10
~ The “Crypto Wealth” Review ~
What Is Crypto Wealth and How Does It Work?
“Crypto Wealth” – What is it exactly and what does it do? It all sounds a bit cryptic.
Crypto Wealth is all about Bitcoin and crypto currencies. If you are unfamiliar with these, it means digital currency, which is possibly the way of the future. It was launched on 25 May, 2017. The short introduction video is quite well done and promotes some rather powerful, if somewhat unbelievable, messages; such as destroying world poverty with their system and making an easy $100k by participating in their program.
There is a big push in the video about donating to their charity – the Crypto Wealth Foundation – in a bid to relieve world poverty. However, individuals donate a portion of their earnings to the “foundation”. Crypto Wealth itself doesn’t donate from their profits anywhere that I can see mentioned. The charity foundation is owned by Crypto Wealth, so who really knows what happens to that money.
Crypto Wealth is actually set up like a Ponzi scheme, only using Bitcoin as the currency instead of actual money. It works exactly the same as the multitude of other revenue sharing programs that have proliferated like diseased mushrooms all over the web in recent years. People keep inventing these Ponzi schemes because they are popular.
Why?
The promise of quick and easy wealth. The downside is, there are always people left holding that empty bag when the scheme runs dry. You see, Ponzi schemes are not financially viable. There is no way a Ponzi scheme can continually support itself unless new people are always joining and handing over their money (or Bitcoin) to get involved. Once people stop joining, the majority of those already participating will be left high and dry with none of the promised payouts.
The Crypto Wealth System
Crypto Wealth uses a 4 x 3 matrix system with different membership levels that cost ever-increasing amounts to join. These matrix systems work on the MLM model, where you essentially pay money to your upline and, when you yourself recruit new members, you will earn money from your down line.
They call their matric system the “Donation Rotation Plan”.
- Bronze Package – $50 to join
- Silver Package – $125 to join
- Gold Package – Paid for our of your Silver earnings
You also get to earn advertisement credits and travel credits. These can be used for purchasing advertising and world travel respectively. There is also the Bitclub Network, but I’m not exactly sure what that involves.
Who Is The Target Audience?
Those who are looking for quick and easy ways to make money online. People who love participating in Ponzi schemes and revenue sharing programs. Anyone, really, who doesn’t understand that these types of schemes can’t sustain themselves and there is an extremely high risk of losing every cent you invest. Investing in the lotto is way less risky.
The Pros
- Interesting presentation video with powerful cinematic music
- A new take on the Ponzi scheme by using Bitcoin
The Cons
- The whole thing sounds like one big con
- They ask members to donate $10k to their charity foundation once a certain level is reached (who knows where the charity money really goes)
- Some of the pages on the site don’t work
- There is no detailed information until you actually commit to joining
- This scheme has changed names and been reinvented a number of times over the past year or two
- Ponzi schemes can’t support themselves financially because there are no real products or services changing hands
- The use of Bitcoin is merely a gimmick. This has nothing to do with mining or investing in Bitcoin, really
Tools and Training
You will have access to some basic training and information once you join. However, you don’t really need to learn a lot or know much to get involved in a Ponzi scheme like this. It’s really a matter of putting up your money for the level you want to join, then harassing others to come and join the scheme under you. Until you get others handing over their money, you won’t actually advance through the matrix.
How Much Does “Crypto Wealth” Really Cost?
$50 to get started on the Bronze Level.
Is Crypto Wealth a Scam?
In my opinion all Ponzi schemes and revenue sharing, cash gifting, donation-like systems of this nature are scams. Crypto Wealth is no different to the countless other con jobs out there except they use Bitcoin instead of actual money and they dress the process up a little differently with the donation theme and the saving the world from poverty line.
I’ve got no problem with Bitcoin or other crypto currencies, but this isn’t about Bitcoin. That’s just a gimmick, in a vain attempt to differentiate Crypto Wealth from the myriad of other Ponzi schemes and revenue sharing programs out there.
Give Crypto Wealth a miss unless you have cash to burn and don’t care if you lose it, because chances are high you will. The system can’t financially sustain itself. The makers will get rich while most participants will lose their coin. I’ve reviewed quite a few rev share platforms on this site and I don’t recommend a single one of them.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
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Darren Burton
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Hi Darren, thank you for sharing this information about Crypto Wealth. A friend once asked me about it but I had nothing to say about the organization. So they make you give to an unknown charity and they refuse to give themselves. What a scheme to get unsuspecting people to give away their money. I will tell my friend about what I just learnt and hope she will be careful.
Hi Stella. Best to tell your friend to give Crypto Wealth a wide berth. It’s definitely not worth getting involved with in my opinion.