When it comes to making money online, there are tons of websites out there. With so many to choose from it is difficult to know which ones to try and which ones to steer clear of. The newest site to pop up is Turbo Bitcoin Machine.
Turbo Bitcoin Machine claims that you can earn several 0.001 BTC payments on autopilot. The question is though, does the site really work? When it comes to Turbo Bitcoin Machine, you will soon realize that it is a peer to peer Bitcoin gifting system. In other words, you pay your sponsor and in return recruit people who will then pay you. Seems easy enough right? But what's the catch?
According to the site, you don't have to worry about administration fees. What you earn is what you get and there is no sharing of your profit with other people. Sounds too good? Well, keep reading to find out more about Turbo Bitcoin Machine.
What Is Turbo Bitcoin Machine?
According to Who.is, the site turbobitcoin4u.biz was registered on July 7, 2017. The site is set to private. You won't find any information on who actually runs the show. Even the “contact us” page is generic and provides only a contact form for you to fill out.
When looking further into the company you won't find anything. The site is not listed on any social media platform. You might run into a few people who are promoting the opportunity, but there is no further information on who runs the show.
Turbo Bitcoin Machine Product
As for the product, Turbo Bitcoin Machine doesn't offer any retail products. Nor will you find any services offered through the website. The only thing you can do is promote the opportunity to make money and get other people to sign up.
Turbo Bitcoin Machine Opportunity
Turbo Bitcoin Machine works when an affiliate recruits new people and is paid the 0.001 BTC that is due upon signing up. For each new recruit, you have signed up, you earn that 0.001 BTC. Once you have at least 10 recruits signed up under you the lower levels of the system are unlocked.
Turbo Bitcoin Machine Verdict
While on the surface Turbo Bitcoin Machine seems like a decent system to get involved with there are a few red flags. First off, there is no telling who owns the site. Since the site states in the “Terms of Service” that Turbo Bitcoin Machine is in charge of where the bitcoins go, it is most likely that the majority of Bitcoins end up in the administrator's wallet.
The second red flag that comes up is how the system is closely tied to the new recruits. Once people stop recruiting, the money will stop coming in. Once that happens it is likely the site will fail.
If you happen to be interested in signing up, do so knowing that there are no refunds once you make the payment. Also, you need to realize that in order to make this system work, you should already have a downline in place and people ready to sign up under you. If you don't you may find recruiting others to be difficult.