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Is X10 Platform a Scam? Bitcoin Trading Scam Revealed 

 November 26, 2019

By  Kat

You've always been interested in Bitcoin and cryptocurrency trading, but you don't know where you start and you don't have time to learn about it.

You've probably come across a Bitcoin trading platform called X10 Platform. You're interested in investing your hard-earned money, but you swore that you're not going to fall into another scam again.

Well, this X10 Platform review is for you.

In this review, we're going to discuss X10 Platform's background, what it offers, its affiliate program, and its compensation plan. You're also going to learn whether it's a scam or not.

Let's begin!

X10 Platform Summary

Product: X10 Platform

Price to join: From $97 to $997

Rating: 0/100

Do I recommend? No

Summary: X10 Platform claims that it is an automated Bitcoin trading platform. You don't have to do anything or keep track of market trends. All you need to do is invest your money, and it does everything for you. Because it is fully automated, all you have to do is wait for profits. It doesn't have any products or services. It does have an affiliate program where members can earn commissions simply by referring others to the so-called platform.

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What is X10 Platform?


X10 Platform markets itself as an automated Bitcoin trading platform. Investors don't need to actively trade Bitcoin and keep track of the cryptocurrency market because the X10 Platform will do it all for them. According to its website, it can generate profit all day long using the AI-powered system.

Anyone is open to join the X10 Platform. All they need to do is register online, providing their name and contact details. Affiliates will then be redirected to the main dashboard where they track their Bitcoin earnings.

There are four types of membership X10 Platform offers. These plans include X10Go, X10 Plus, X10 Pro, and Ultra X10. Affiliates can earn automatic payouts every day. They can also downgrade or upgrade their membership without affecting their earnings.

It claims that the platform is very easy to use thanks to its AI-powered system. It is fully automated, so you don't know have to keep track of the market every single hour.

What sets the X10 Platform apart is its so-called affiliate program. Just share X10 Platform to friends and family so you can earn a commission every time they, too, recruit others. You can receive as much as 10% commission for every successful recruit your team members bring in.

What Products Does X10 Platform Offer?


X10 Platform doesn't offer any products or services its affiliates can promote and sell. What it offers, instead, is an affiliate program in which interested individuals can join. Members will then promote this affiliate program to their friends and families.

How Much Does X10 Platform Cost?


Affiliates need to invest a set amount to join X10 Platform.

Affiliates must pay $97 to become an X10 Go member. Would-be X10 Plus and X10 Pro members must invest $197 and $397 respectively. Those who want to join the Ultra X10 level need to pay $997.

X10 Platform Compensation Plan


There are several ways X10 Platform members can earn money.

X10 Go

Simply invest $97 to X10 Platform to receive at least $1,000 back.

X10 Plus

Invest $197 to get at least $2,500 in return.

X10 Pro

Investors who give $397 will receive a minimum return of $3,500.

Ultra X10

Investors who give $997 will receive a minimum return of $14,500.

Affiliate Recruitment Commissions

X10 Platform pays its affiliates each time they bring in new affiliates. All these commissions are paid within 60 days except for Ultra X10 which the affiliate will receive within 90 days. Here are the incentives they will receive.

* Earn $50 for every X10 Go you recruit.
* Earn $100 for every X10 Plus affiliate you recruit.
* Earn $200 for every X10 Pro affiliate you recruit.
* Earn $500 for every Ultra X10 affiliate you recruit.

Residual Commissions

X10 Platform claims that members can earn passive income when they join the platform. It has a uni-level compensation structure which means that the person recruited by a team member is placed under them. This goes on until level five.

You can earn as much as 10% commission for every recruit made by your level 1 team member. You will earn another 5% commission for every recruit made by level 2 to 5 team members.

What I Like About X10 Platform


There's nothing to like about X10 Platform, and you'll see why in the following section.

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What I Don't Like About X10 Platform


X10 Platform is shrouded in secrecy

No one knows who created the X10 Platform and who ran it. It has several marketing videos on its website where a man named "Nick from CryptoTech" explains what X10 Platform is all about. But "Nick's" identity is also shrouded in mystery. There's a high chance "Nick" is just fictitious identity, and the voice behind it belongs to an actor you could hire off from Fiverr or any such websites.

According to its website, the platform is owned and developed by X10 Hosted Solutions. Its office is located in Minneapolis, Minnesota. The problem is the address it uses is a virtual office.

Because no one knows who the person behind this s-called crypto trading platform and it uses a virtual office, you're going to have a hard time recouping your losses and making the owners accountable in case of problems.

X10 Platform is a typical Ponzi scheme

X10 Platform markets itself as a fully-automated Bitcoin trading platform, but it is nothing more than your garden-variety Ponzi scheme. First, it doesn't have any products to offer but it wants you to invest hefty amounts for it to trade.

The return on investment is ridiculously high that investors with a trained eye will immediately know that this is a scam. Just imagine receiving a $1,000 return when you invest $97. Pretty impossible if you're joining a legit company.

Another tell-tale sign that this is a Ponzi scheme is the fact that your earnings will not come from trading cryptocurrency itself but from recruiting other people into the scheme.

It's not registered with the United States Securities and Exchange Commission

Because it's not registered with the U.S. SEC, it's not allowed to trade Bitcoin on behalf of its investors and operating as a trading platform is illegal.

Is X10 Platform A Scam?


Yes, the X10 Platform is a scam. In fact, this type of scam is classified as a Ponzi scheme. It markets itself as a trading platform that invests Bitcoin on the behalf of its members, but it's not allowed to operate because it is not registered with the U.S. SEC. Because of this, there's a high chance that you won't receive the ROI and commissions it promises

It doesn't offer any products that you can promote or sell. What you can promote is the affiliate program itself so you can earn commissions. These are some of the hallmarks of a scam.

Should you invest your money with the X10 Platform? Definitely not!

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Kat


Creator of The Affiliate Doctor. I earn a full time income online and love teaching people to do the same!

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