Is Airbit Club a Scam? A Cryptocurrency Scheme Exposed!

Welcome to my Airbit Club review!

This is a prolific scheme in Asian countries, particularly the Philippines.

In fact, the writer has had some personal experience with the said scheme, given that he knows a couple of people who runs this particular program.

This is Airbit Club.

First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.

That's the way to avoid scams and find the legitimate way to make money online!

Let me be completely transparent with you, I'm not associated with Airbit Club in any form.

So, rest assured that I'm not here to pitch or sell anything to you.

Instead, I'm here to reveal what this scheme is all about and why it's not going to be worth your time and money anymore. 

The Airbit Club is a company founded by Gutemberg dos Santos and Renato Rodriguez back in 2015.

At first glance, they appear to be a MLM or multi-level marketing company because of the way their compensation plan is set up.

However, the founders were involved in similar business models prior to fouding Airbit Club, so they’re no strangers to running this kind of scheme.

I dug around their company website in the hopes of finding some form of retail products for sale, but I couldn’t find any.

There are, however, tools that you get to help you trade cryptocurrency in the marketplace. Other than that, nothing of value is made available to a prospective member who plans to join this program (which they shouldn’t).

What you are buying into is the opportunity to purchase and trade various cryptocurrencies such as Bitcoin and trade them in the marketplace. They basically teach you to buy low and sell high, which allows you to earn profits every time.

In the next section I’ll go over their compensation plan and how it works.

AirBit Club Compensation Plan

Their compensation plan works a lot like your typical MLM structure that runs a ROI scheme.

Referral commissions are paid of in:

1. A Binary Commissions Structure
2. A Matrix Commissions Structure

AirBit Compensation Plan Structures

Their MLM-like compensation works a lot like referral marketing where you need to find people to build your business opportunity. When they sign up, you earn commissions.

The ROI side of the commission’s plan is when the company’s mining efforts rewards you with ROI for leaving your cryptocurrency with them so that the mining software generates a profit for days.

AirBit Club offers 3 levels of membership.

These membership levels include:

1. Executive Level – $250
2. Corporate Level – $500
3. Pro Level – $1000

The initial membership investments are then broken up to pay 50% to the paying member and 50% to the bitcoin mining.

Digging deeper, their commissions also have iterations:

• Fast Start Commissions – Earn 20% commissions from investments that a member purchases with Airbit Club
• ROI Commissions – Pays 300 times your initial investment, takes about 150 to 300 days to mature depending on the level you join. Reinvesting charges you a 35% renewal fee, which goes to compensation plan to pay out the members.
• Referral Commissions – Pays out via a binary MLM structure and Matrix MLM structure at 2 legs down and at unlimited levels. The matrix is a 3x18 structure and relies on what level you invest on.
• Matrix Commissions – You earn $10 whenever one of the 581 million positions are filled. At the Executive Level, you earn from the first 3 levels. At the Corporate Level, you earn from the first 7. Pro Level gets you all 18 levels of the compensation plan.
• Binary Commissions – Works on a point system that triggers a commission payout. When you accumulate 200 points on your right leg and 200 on your left leg, you get a $20 commission payout. You are capped at the number of commissions based on the level you joined in.

For the Binary Commissions, here’s how the point system works:

• Executive Level – This membership will earn 200 points and is capped at $500 per day commissions that you can earn.
• Corporate Level – This membership will earn 400 points and is capped at $1000 per day commissions that you can earn.
• Pro Level – This membership will earn 900 points and is capped at $10,000 per day commissions that you can earn.

What Is The Total Cost To Join AirBit Club?

The affiliate membership costs you $50 per month, plus one of the packages below:

• Executive – $250
• Corporate – $500
• Pro – $1000

The difference between these packages is just the income potential and nothing else.

From my experience, I can tell you that this program is not meant for anyone, and I’ll explain why in the next section below.

#1 – Shady Company Background With owners

The website doesn’t provide you with enough information about the company’s whereabouts, but they do provide you with the company owners.

The lack of transparency on their part makes it easy for people to assume that this might be a scam.

#2 – Cryptocurrency Is Not For Everyone!

There are a lot of reasons why cryptocurrency trading is only meant for people who know their way around the market. There’s just a lot of ups and downs in trading that anyone could lose money at any given time.

Novice traders who have no idea what to do with commodities such as cryptocurrencies may end up losing more money than they could earn.

With that said, you’re only buying into the opportunity to trade and earn via recruitment, so you’re going to have to work hard to do the latter and invest more money to make a lot of it.

#3 – No Real Products

As mentioned earlier, there are no physical or real products being sold by Airbit Club. Now this is a red flag in the eyes of the FTC because any scheme or opportunity that relies too much on recruitment to make money might be a pyramid scheme.

As warned by the FTC, any program that has you making money based on the number of people you recruit and sales to them is probably not a legitimate program to begin with. The participants end up losing more money than intended.

So, Airbit Club doesn’t offer any physical product but only offer Bitcoins as your ROI, which is the exact thing that the FTC and other governing agencies are warning us about.

AirBit Club has no tangible product line. Instead, they offer Bitcoins as your ROI. This is precisely the kind of thing that the FTC warns us about, right?

#4 – Public Warning In The Philippines and Spain!

The SEC or Securities and Exchange Commission, which is the Philippines’ version of the Federal Trade Commission, has issued a public warning against Airbit Club, which was issued in April of this year.

And I quote with this screenshot:

What this translates to is that Airbit Club is not a registered business entity in the Philippines and has not been given recognition as an entity that’s legally allowed to solicit investments from the public (that’s you).

If Airbit Club is a legitimate business opportunity, they should have secured their paperwork to operate as an investment opportunity from the SEC/FTC and other governing bodies.

Apart from the Philippines, the CNMV or Spain’s National Securities Market Committee has issued the same public warning against them in January of 2019.

Nothing. The program tries so hard to milk you out of your money by making false promises of income.

This is just not worth it at all.

At this point, I have more than enough to conclude that there’s nothing legitimate about Airbit Club.

There are a lot of questions about the way they operate, to the point that even a public warning has been issued against them in two countries.

This is more than enough for me to tell you that this program is nothing but bad news. If two countries and two governing bodies have found sufficient evidence to issue that public warning, then it’s best to heed them.

I don’t think anyone is making any money from this program at all, except for those at the very top of the scheme (which are the owners and then the ones below them).