Welcome to my Coin Place Review!
There has been some buzz about this latest cryptocurrency mlm launch so I decided to investigate what it was all about.
Chances are someone approached you about the investment opportunity where you can make up to 150% ROI in 30 days…
And now you landed here to make sure this is for real right?
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Making the wrong decision here can COST you a ton of money so pay close attention and read this to the very end.
Let’s dive into this Coin Place review…
What Is Coin Place?
CoinPlace is a company that offers investment opportunities for their partners.
They do this by trading your cryptocurrency so you are in a profit.
CoinPlace is bold enough to seven say “guaranteed passive income”.
CoinPlace has no information on who runs the company or these so called professionals are that trade your money.
I found an address from Australia:
Australia at 17 Moore St Canberra ACT 2601
I did see an office block, but I don’t see evidence of Coin Place actually operating from there…
CoinPlace’s website domain “coinplace.trade” was privately registered back in September 27th in 2017.
I did noticed that the website defaults to Russian when you first go there and found out according to Alexa the traffic states look like this:
- Japan – 38%
- Russia – 13%
It’s just strange that a company from Australia is getting most of their traffic in Japan and Russia.
I think it’s Russia because of the default Russian language and did find a social media profile of Vkontakte in Russian…
When you check out the Official CoinPlace Facebook group, most of the members are indeed Russian.
Let’s get into the products next inside of this CoinPlace review…
Coin Place apparently provides a trading service where they generate ROI’s on your money.
However, you can purchase this service at the retail level and you must become an affiliate.
Just did a similar company review on Strike7.
You can also promote the affiliate membership for more money which I will be getting into next…
Coin Place Compensation Plan
There are TWO ways to make money here…
First way is through investing the other is referral commissions.
Coin Place members can invest cryptocurrency on a promise of a ROI:
- Starter – Invest $10 to $500 and receive a 110% ROI after 15 days
- Medium – Invest$25 to $10,000 and receive a 6% daily ROI for 20 days (120%)
- Investor – Invest$50 to $10,000 and receive a 5% daily ROI for 30 days (150%)
When you sponsor people into this business, you get commissions on their invested funds.
CoinPlace pays three levels deep in a unilevel compensation plan structure:
- Level 1 (Personally sponsored members) – 8%
- Level 2 – 3%
- Level 3 – 1%
What Does It Cost To Join Coin Place?
Coin Place offers their affiliate membership for free, but if you want to get paid in the investment opportunity you must invest at least $10.
The moment you have been waiting for inside of this Coin Place review…
Conclusion On CoinPlace
Coin Place claims their ROI’s are through trading:
Our traders benefit from the cryptocurrency volatility, which means they calculate the upcoming rate fluctuations.
For example, they exchange their funds to bitcoins when the exchange rate is low, and then withdraw their money back when the bitcoin rate is at its highest possible mark for the current period of time.
That’s great and all, but where is the proof?
Anyone can say they are trading when they are not…
A lot of cryptocurrency mlm’s like this claim the samething but can NEVER provide proof of trading.
Let’s take a look at some ROI math shall we?
150% ROI every 30 days means you will be making 1825% every year…
If you throw in compounding in the mix, you can see how crazy this is…
Now if Coin Place did find a way to generate that kind of ROI, why do they even need affiliate investments?
Just get a $10K to $50K loan from the a bank and become a millionaire in a short time…
Plus, the owners kept themselves anonymous which isn’t a good thing…
When this company does go under, no one will be accountable and people will lose out of a ton of money.
The truth is this…
Newly invested funds are paying off existing members making those ROI targets, but once recruitment slows down…
Coin Place won’t be able to pay out those ROI’s and the company will crash.
Usually starts out with them not paying their affiliates and claiming they are under maintenance or something.
Then they just disappear.
I have seen it happen to MANY people out there and it’s unfortunate.
Anyway, I hope you enjoyed my Coin Place review and if you have any questions please leave them below.
Also let me know what are your thoughts about Coin Place in the comments below…
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