{"id":12287,"date":"2020-11-23T17:46:10","date_gmt":"2020-11-23T16:46:10","guid":{"rendered":"https:\/\/setaffiliatebusiness.com\/?p=12287"},"modified":"2021-06-15T21:30:45","modified_gmt":"2021-06-15T19:30:45","slug":"bitcno-review","status":"publish","type":"post","link":"https:\/\/setaffiliatebusiness.com\/cz\/bitcno-review\/","title":{"rendered":"Bitcno Review"},"content":{"rendered":"

Bitcno – it strongly resembles Bitcoin, doesn’t it? <\/p>\n

I believe you have not made a typo and you really search for more information about this company called Bitcno. <\/p>\n

Great!
\nNow, that we are on the same page, you are about to learn more about this company. 
\nMost likely you are aware that there are many scams and misleading companies that just want to take your money. <\/p>\n

In this Bitcno Review, you will learn everything you need to know about this website\/company. <\/p>\n

Let’s get started.<\/p>\n

Disclaimer<\/strong>
\nPlease note, I am not a member or an affiliate for Bitcno. This review is based on research and information available online in the public domain. <\/em>
\nAny recommendation and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n

Bitcno Overview<\/h2>\n

Jm\u00e9no: <\/strong>Bitcno
\nWebsite: <\/strong>www.bitcno.com
\nPrice to Join<\/strong>: $25 to $25,000
\nRecommended:<\/strong> No. This is most likely a Pyramid Scheme.
\nI recommend Affiliate Marketing. Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM<\/a>).<\/p>\n

\n

Bicno Summary<\/span><\/h2>\n

Bitcno is an unregulated investment company where people invest from $25 to $25,000 in Bitcoin. <\/p>\n

The company supposedly has an external source of income, where they generate revenue. 
\nBut there is no proof of it, whatsoever. <\/p>\n

It operates as an MLM company and the only money that flows into the company are the fees from existing (and new) members. <\/p>\n

Bitcno has no retail product and does not offer any service\/course. <\/p>\n

With that being said, it is a Pyramid Scheme. <\/p>\n

I don’t recommend joining this Pyramid Scheme.
\nThere are many legal ways how to generate consistent income. <\/p>\n

I personally prefer Affiliate Marketing, where I run one website that generates me 4 digits online.
\nHere is a link to the method I have been using since 2017.<\/p>\n

Check More Details Here<\/strong><\/a><\/h2>\n

Sign up for Free and I will guide you through the platform.
\nNo Credit Card Needed – Just your email.<\/span><\/p>\n<\/div>\n

What is Bitcno?<\/h2>\n

Bitcno is supposed to be a platform where you can become successful. <\/p>\n

These are at least the words they used on their website.<\/p>\n

\"Bitcno<\/p>\n

Funny, the video that is right next to the text is not related to the Bitcno, whatsoever. <\/p>\n

Could it be, that this is still a new company (registered in June 2020) and they have not had time to fix all the bugs on their website? <\/p>\n

Well, I doubt it. <\/p>\n

There are more red flags. 
\nWe are going to get there in a bit. <\/p>\n

So in theory, this platform is for investors that want to get genuine returns. <\/p>\n

In reality, the company pretends to be an investment company dealing in the cryptocurrency market. It operates as an MLM (Multi-Level Marketing). <\/p>\n

As already mentioned the website was registered in June 2020, in Panama. <\/p>\n

\"Bitcno<\/p>\n

It does not need to mean anything, but I have done 100s of digital product reviews and I know that many scammy sites have registration addresses in Panama. 
\nAgain this does not prove anything (it can only support a theory that Bitcno is an illegal gifting scheme). <\/p>\n

Who Runs the Bitcno?<\/h2>\n

We don’t know…<\/p>\n

And this is a huge red flag. <\/p>\n

Whenever there is an MLM company that does not reveal who is behind it, you better do more research before joining or sending any money. <\/p>\n

And make no mistake – if a company shows who the CEO is, it does not necessarily mean that it is legit. 
\nA good example is a company called Beurax<\/a> (the CEO is most likely just an actor). <\/p>\n

But when it comes to Bitcno, I would not recommend joining it, simply because they are not transparent. <\/p>\n

And here is a funny thing I have found. <\/p>\n

In the FAQ section, there is a bunch of questions, and you can get the answers. 
\nThe last question, is “Is Bitcno Legal?”<\/p>\n

\"Bitcno<\/p>\n

And the answer does not pull down. (I have clicked on the arrow using both my desktop and laptop – it does not work)
\nStrange \ud83d\ude42 <\/p>\n

I mean, of course, they are not going to reveal that this is not legal, but I find it funny that there is no answer to this specific question. <\/p>\n

Is Bitcno a Pyramid Scheme?<\/h2>\n

We know that Bitcno operates like an MLM company. <\/p>\n

Let me share with you a couple of facts about legitimate MLM companies like Amway<\/a> or Mary Kay<\/a>
\nThese have a lot of retail products and their distributors can make a profit from selling these products (at least in theory, since the success rate is low). <\/p>\n

But at least they have the products, otherwise, they would be just pyramid schemes.<\/p>\n

In the following video, it is very well explained, how to spot a pyramid scheme. <\/p>\n

You might want to pay attention so you know what to focus on: <\/p>\n