CoinXtract Review – Legit 2.5% ROI or Huge Ponzi Scheme?
Welcome to my CoinXtract Review!
There has been some buzz about this passive income opportunity and I decided to take a closer look.
Chances are someone approached you about the business opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Just PAY close attention and read this to the end.
CoinXtract Review (Company)
Landing on their website and you see a “Our History” section.
Below that they have two names as their founders, Rand Fishkin and Gillian Muessig.
I did a quick google for both of those name and I have found that none of those people have anything to do with CoinXtract.
Huge red flag here, in regards to their founders!!
I looked at the their domain registration for “coinxtract.com” on who.is and found out it was privately registered on September 5th, 2019.
The registration was updated on August 9th, 2020.
I have a feeling that is when this website was operational.
Another red flag is their partners section.
They put cryptocurrencies as their partners! You can’t be partner with a Currency!
They are not companies.
Remind me of another Ponzi Scheme I did a review on.
CoinXtract has no retail products or services, but you can promote the affiliate membership.
What you can do is become an affiliate and promote their affiliate membership.
On top of that you can invest in the company to earn a passive return.
CoinXtract has affiliate invest bitcoin into the company on a promise you will get a ROI after 15 days.
- Investment Plan – invest $100 to receive a 2.5% daily ROI for 15 days.
After 15 days, you can withdrawal the profit you made.
After 30 days, you can withdrawal the actual investment.
There is no maximum amount you can invest.
Their referral program is just a one tier affiliate program where you can earn 10% on your personally sponsored affiliates invested funds.
There are no residual commissions in this company and no other bonuses after the first investment.
You can refer as many people as you want.
Cost To Join CoinXtract
Cost to join CoinXtract is free as an affiliate, but if you want to earn passive returns you must invest $100 in cryptocurrency.
They are advertising bitcoin the most.
There is no maximum limit.
Unlike all the other CoinXtract reviews out there I am going to keep it real with you.
Let’s just look at the facts, shall we?
We don’t actually know who runs or own the company.
The have used some other people names as their founders, whom obviously, don’t have anything to do with CoinXtract.
Additionally, claiming you were in business since 2016 but your website domain wasn’t even registered until 3 years later doesn’t help either.
They also don’t have any proof of what is happening with the cryptocurrency mining and trade they are claiming.
The only income I see coming through is newly invested funds paying off existing members.
Which makes this company another ponzi scheme.
They are offering return on investment, however they are not registered with any financial regulators, such as SEC.
Which means they are operating illegally!.
I can’t recommend this company! Stay away and invest your money somewhere else!.
I hope you enjoyed my CoinXtract review and if you have any questions feel free to ask in the comments below.
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