- in Not Approved by Caroline So
Is Doubleway A Scam? Do NOT Join This Cryptocurrency Program Unless You Read This Review First!
Welcome to My Doubleway Review!
Multi-level marketing (MLM) is one of the most popular ways to make money online and other than the health and wellness niche, cryptocurrency seems to be one of the most-talked-about opportunities.
Doubleway Review Summary
Founders: Not Disclosed
Product Type: Multi-Level Marketing
Price: $188.92 Up To $4987.49 For The Investment
Quick Summary: Doubleway is a cryptocurrency platform that poses as a multi-level marketing program. However, unlike the usual networking structure, the only way to make money is when you recruit people to join the program so obviously, there’s something questionable about the platform.
Overall Rating: 1/10
We’ve reviewed more than a dozen brands under the same niche, like MarketPeak and to be honest, most of them are either low-quality or downright scams. But does that mean that there’s no opportunity in cryptocurrency?
The answer depends mostly on the company you’re joining with so in this post, we’ll talk about a brand new MLM opportunity called Doubleway.
What is it about? Is Doubleway a scam? Should you join this program?
Find all the answers here in this Doubleway review.
What Is Doubleway About?
Doubleway is a network marketing company that promotes cryptocurrency and based on its structure, you have to recruit people so you can earn commissions.
If you’re not familiar with cryptocurrency yet, think of money or credit cards. It’s basically a way to make transactions but online or digital. It can be used to digitally pay for goods and it can be bought, sold, or traded.
Cryptocurrency itself offers opportunity but some companies won’t let you use the crypto tokens on other platforms, making your invested cash useless.
But is this the case with Doubleway? Let’s find out in a bit. For now, let’s talk about how the company started.
Unlike the usual MLM companies, there’s little to no details about the company’s owners or executive team on their website. It only focuses on how it works, some social media sites to follow, FAQ, and some information about the opportunity offered.
That’s already one red flag for me because how else will you know what kind of company you’re joining with? Also, social media accounts, such as YouTube and Twitter are not updated anymore.
The last tweet it has was dated December 30, 2019, and as for YouTube, it has zero content.
As for the website, it says that it was registered on September 4, 2019, and was updated last May 20, 2020. It only means that somehow, someone was still taking charge of the website but it still failed to disclose essential details about it, such as who the owners were, history of the company, etc.
Here’s a screenshot for reference:
Doubleway Product Line
When we talk about MLM, most people would assume that there are tangible or digital products to sell, such as slimming supplements or eBooks but in Doubleway’s case, there’s none.
Like most cryptocurrency opportunities, the only product they have are the membership or investment programs.
Basically, you have to buy into their investment and recruit another person who will do the same thing. Now, when you have people under you (and this depends on their compensation plan), that’s the time when you will earn.
If only it’s as easy as it sounds but if you think of it, it’s only too good to be true.
Unlike typical MLM companies, there are no products or services sold so how will the company make money? The only way for them to earn cash is to recruit people who will invest in their programs.
It’s not sustainable. If you can’t invite people to join the company, then your invested cash goes to waste.
How To Make Money With Doubleway?
Assuming that you can make money from this platform, this is what you need to do.
As mentioned, you have to recruit people to join the program and that’s the only option you have.
Like usual MLM structures, you have to recruit people following a 2x8 Matrix.
Through this, you’re allowed to put your first 2 recruits on the first level and two of each new recruits on the second level, and so on.
However, other than the need to invite people, there’s another thing you need to know. You cannot cash out the earnings you get from the program because apparently, that’s how it works.
To learn more about Doubleway’s compensation plan, you can watch the video below:
Is Doubleway A Scam?
There’s no question whether the program is a scam or not. It’s too obvious!
No name of the owners was mentioned so it appears that they are hiding or are ready to hide in case the “opportunity” they offer finally goes down the drain.
The only way to make money is by recruiting people to join the platform. Not only is this unfeasible, but it’s also a red flag as per Federal Trade Commission (FTC).
According to FTC, pyramid schemes often promise people about the massive commission they’ll get out of recruitment, not because of the sales made from products or services.
Does this ring any bell?
To join Doubleway, you have to invest at least $188.92 and for you to earn cash, you have to complete the 8 levels they require on their compensation plan, which will cost you $4,987.49.
You don’t really have to shoulder the entire amount as you can use the commissions you get from the recruitment to pay for this.
Still, it’s not worth your time.
Would you really waste your time and money on a program that’s not sustainable and certain? I mean, we don’t even know who founded or owned the company so in case it shuts down, we’ll have no idea who to talk with.
Also, it’s still new so the stability of the brand is an issue.
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I don’t see any pros about the program. I’m not a fan of MLM but I do recognize good platforms when I see one despite the recruitment involved. But with Doubleway, there’s nothing to like so I’ll discuss the cons instead.
Pyramid Scheme In Disguise
Actually, I don’t think it’s concealing itself anymore because it’s pretty obvious. The only way to make money from Doubleway is to recruit people and if you can’t, there’s no way to get your investment back.
According to FTC, “the sales occur only between people inside the pyramid structure” and just like in Doubleway, the commissions you make depend on the people you recruit and you can only use your earnings within the platform.
Now, that's a wicked way for the company to trap the money only within the platform.
Lack Of Details About The Owner And The Company
The founder of the brand plays a major role in the success of the business. For instance, some owners of MLM companies have been involved once or twice in other networking brands or businesses, and their experiences either make or break their new company.
With Doubleway, we’ll never know unless we finally track the person behind the program.
No Income Potential
If you’re looking for a way to make money online, Doubleway is NOT the solution!
While you can earn by recruiting people to join the program, you cannot use it elsewhere because you cannot cash out. If there’s anyone making a profit out of this program, these are the owners and those who belong in higher levels.
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Who Is It For?
I don’t recommend Doubleway to anyone. There’s no opportunity to make money and worse, you might end up broken because the amount you need to invest is big. Imagine, you almost need $5,000 just to complete all the 8 levels.
I know it’s not easy to make money but Doubleway is definitely not the opportunity for you or anyone.
If you want to earn through cryptocurrency, make sure to learn more about the system first and then look for a legit program that offers this kind of opportunity.
There’s nothing to like about Doubleway. It’s obviously a program that you should ignore. No details about the company or the brand have been shared, the only social media accounts they have no content or have never been updated, no way to reach a real person for support, no income potential.
It’s a scam done digitally to trap vulnerable people so it’s just right that you read the entire review first before signing up for their program. Now that you know what it’s about, it’s best to forget about Doubleway and focus on a legitimate platform instead.
Joining MLM alone is a huge risk, let alone with a company with a questionable background. The good thing, however, is that there are ways on how you can make money even without becoming affiliated with similar programs.
For instance, signing up with my top-recommended platform. Unlike the program we’ve just reviewed, there’s no need to:
- Recruit people (and lose friends)
- Invest a massive amount only to end up losing it
- Get involved with a pyramid scheme
Newbies are welcome so don’t worry as you’ll have the best support and training tools you need.
I hope my Doubleway review has enlightened you and if you have questions or comments, please feel free to share it below.