Today, we’re going to discuss the top 10 cryptocurrency MLM Companies…
Several years ago, many thought the idea of a digital money would be a passing fad with no stability. Now we see that cryptocurrency has become extremely popular both online and offline. In fact, it’s taking the world by storm. I personally believe it will be the most important invention in the world, since the creation of the internet.
Bitcoin is the king of the cryptocurrency empire, but many other digital currencies are making claims they are the Bitcoin Killer. Some of the other popular cryptocurrencies include Ripple, Ethereum and Litecoin.
Cryptocurrency became a ripe location for multilevel marketing companies. Some of these companies have there own digital currency while others use the network marketing business model to sell, buy and trade other cryptocurrencies.
Before we get too deep into this topic, I’d like to take a few minutes and give you a brief overview of crypto-currency and Bitcoin, so you have a basic understanding of what it is and how it works.
What is Cryptocurrency?
After searching several different websites online, here is the best definition of cryptocurrency that I could find.
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. Source: Cointelegraph
Remember the words “medium of exchange”. In other words, cryptocurrency is something people can trade with one another, just like gold, silver or money, to purchase or sell an item. The real beauty is that it can be a world wide medium of exchange, so people on one side of the world can easily do business with any other person, in any other country.
What is Bitcoin?
The word “Bitcoin” is definitely becoming mainstream. A few years ago, very few people had heard of it. Now, most people know the name, even if they don’t know much else about it. Here is the best definition I found of Bitcoin online.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Source: Wikipedia
To keep things simple Bitcoin is not owned by a government or bank. It is a way to make payments anywhere in the world, with ease. Bitcoin was first released in 2009.
What excites me the most about Bitcoin is that only about 1% of the world right now owns it. As it becomes more and more mainstream, I personally believe the price will skyrocket Of course, that is just my opinion, and no one knows where it will eventually end up.
Should You Join a Cryptocurrency MLM Company?
This is a million dollar questions. Unfortunately, I cannot answer that question for you. Do your due diligence and trust your instincts. Always. That is my best advice. The cryptocurrency MLM Companies are still quite young and volatile, especially in the USA.
First and foremost, if you live in the United States or Canada, you must be really cautious about the cryptocurrency MLM Company you work with. The government, specifically the FTC and SEC are very weary of cryptocurrency and crypto-currency MLM Companies.
Many companies in this niche have received cease and desist orders, or have been shut down by the government. Any cryptocurrency MLM Company advertising or promoting itself as an investment stands a high risk of being shut down.
If you live anywhere else in the world, you should still be cautious, but you have a lot more flexibility. In either case, do your home work and make an informed decision. Never invest more than you are willing to lose. Crunch the numbers, research the company, check out the owners, and ask yourself if everything passes the common sense test.
Now that we have that covered, let’s discuss the top 10 Cryptocurrency MLM Companies. Starting from #10 and working to #1, these are…
The Top 10 Cryptocurrency MLM Companies
Keep in mind these companies are EXTREMELY volatile. Some of these companies might be out of business by the time you read this blog post. I simply provided a list to show you some of your options.
#10: My Trader Coin
Quite popular in South America and making a splash here in the United States, My Trader Coin is a MLM designed on winning with Bitcoin and other popular cryptocurriencies.
The company is not quite clear about ownership of the company but when digging, we find the name Andre Feitosa pops up.
It seems Andre has been involved with other crypto MLM trading companies, and he decided to start a company with the idea of rewarding the reps better. Upon looking at the My Trader Coin compensation plan, I would have to agree that he has created a great plan for the home based business owners.
While some would say Latium does not work on a MLM business format, I would say it is close.
Latium works on the Ethereum crypto network. Those within Latium get paid in tokens for tasks they perform. They also earn tokens by referring others. These tokens can then be exchanged for Ethereum.
Latium is growing in popularity. Especially for semi-busy freelancers who have spare time and can complete tasks.
Latium shows huge transparency and I predict it to grow huge. See more at: https://latium.org/
#8: Ormeous Global
A brand new MLM company, Ormeus Global launched in February of 2017.
On the home page of the Ormeus Global website, you may get the sense this company is a health and wellness MLM. They are actually all about trading in cryptocurrency.
The company offers extensive educational resources on cryptocurrency trading. One drawback is, Ormeus Global does not allow U.S. citizens the opportunity.
#7: Digital Gold Share
This is another ultra-new cryptocurrency MLM company.
Set up on a 3 x 7 matrix compensation plan, Digital Gold Share is set up to trade in Bitcoin. You earn commissions as you sign up new recruits who get a Bitcoin wallet and purchase at least the basic package.
I list it here even though this is new and untested. This is because it seems people are “flocking” to this MLM in droves.
I simply love the unique concept of trading in cryptocurrencies that Starbit is using. Based in Dubai, Starbit offers educational materials to help normal people understand how to win in blockchain technology.
They also have Walkybit… This cool device measures how far you walk and rewards you with altcoins that you can convert to cryptocurrency.
So, the more you walk, the more you earn.
#5: MasterCoin Plus
This is another new cryptocurrency MLM that uses the Bitcoin investments members make and trade on various markets. You are assured a Return on Investment after 120 days. You also earn from downline members who invest. The company is based in Florida and the CEO is one Thomas Armour.
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#4: BitClub Network
This is a very popular Bitcoin MLM over in Europe and Asia. It also has many critics. But they do actually mine bitcoin.
The thing I don’t feel good about is their lack of transparency. You cannot find out who the leadership is or even where they are located.
The reason this MLM gets #4 is the amount of people who belong to BitClub Network. By the way, United States citizens are not welcome.
#3: Trade Coin Club
There is a lot of controversial talk online about this company, but the amount of members is huge. The way Trade Coin Club works is the person invests so much of their bitcoin into buying the trading software and then trade cryptocurrency using the software.
You also earn from recruiting others into the Club. Many of the naysayers claim that this is a Ponzi scheme. You can check it out at: https://www.tradecoinclub.com/
Mindset24Global is a mastermind of Kevin Harrington (Shark Tank) and several other key entrepreneurs and investors, such as Brian McClain and Jay Sargeant. This is an online training program. Their mantra is LEARN, SHARE, EARN.
#1: iCoin Pro
iCoin Pro is a favorite MLM cryptocurrency company for many people. While there isn’t actual trading or crypto purchasing, the product they offer is an educational platform. The training teaches people the details and strategies for winning at investing in cryptocurrency. This is one of the most transparent companies in this whole list. Paul De Sousa is the founder and CEO of iCoin Pro. For USA residents, I believe this opportunity is hands down your best bet, if you want a cryptocurrency MLM opportunity. Learn more.
Alternatives to MLM Cryptocurrency Companies
My favorite strategy for Bitcoin is not MLM at all. Instead, it might be a good option to simply buy and hold. Or, you can invest in new ICOs (Initial Coin Offerings). Currently, there are over 1,300 different types of crypto-currency, in addition to Bitcoin. As another option, you can sell your crypto-currency and buy other assets such as gold, real estate, stocks, mutual funds, etc. You could even take the time to learn how to mine cryptocurrencies. What you decide to do should be based off your risk level. There are tons of great options to choose from.
Buy Some Bitcoin
If you’d like to buy your first Bitcoin, you can do so right here. When you buy $100 worth of Bitcoin, they give you and extra $10 worth for free. As a disclaimer, this is my affiliate account, and I would also get $10 in free Bitcoin if you joined through my link.
Suggested Bitcoin Training Courses
If you’re trying to learn more about Bitcoin, feel free to check out these courses and training products.
If you are considering getting involved in a cryptocurrency MLM Company, you may want to look closer at some of these I listed. What are your thoughts? Do you think that this list was accurate? Please leave all comments and questions below. Thanks.
I am not a CPA, Financial Planner or Lawyer. Cryptocurrencies are VERY HIGH RISK and are extremely volatile. You could make money or lose money. Individual results will vary. We make no guaranteed income claims of any type.