On its website, Coinsxtra gives no information regarding who owns or operates the firm.
Coinsxtra’s website domain (“coinsxtra.com”) was registered for the first time in the year 2020. On May 17th, 2022, the private registration was last updated.
CoinsXtra gives a UK incorporation certificate for “CoinsXtra.com” in an attempt to seem credible.
A search of Companies House confirms that there is no such company.
As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.
Products from CoinsXtra
CoinsXtra does not provide any items or services for sale.
Only CoinsXtra affiliate membership can be promoted by affiliates.
Compensation Plan for CoinsXtra
CoinsXtra affiliates invest money with the expectation of receiving the following returns:
Spend $1,000 to $5,0000 and get 2% each hour for a week; invest $10,000 or more and get 10% per day for 180 days.
Invest $40,000 or more and get a daily return of 13% for 90 days.
CoinsXtra gives referral commissions on cash deposited at three different levels:
level 1 (affiliates individually recruited) – 7%
level 2 – 3%; level 3 – 2%; level 4 – 1%; level 5 – 1%; level 6
Joining CoinsXtra is simple.
The CoinsXtra affiliate program is completely free.
A minimum investment of $1000 is required to fully participate in the associated income opportunity.
CoinsXtra accepts USD (through Payeer), bitcoin, litecoin, and Ethereum as payment methods.
Conclusion of CoinsXtra
CoinsXtra claims to make profits through “super global traders from all over the world.”
There is no proof that CoinsXtra is involved in trading. There is also no proof that CoinsXtra is using the external income of any form to pay affiliate withdrawals.
Furthermore, the business concept of CoinsXtra fails the MLM Ponzi logic test.
If someone could generate 2% per hour constantly, they wouldn’t be giving it to you for free.
It wouldn’t be necessary to provide it to anyone. Any sum compounded at 2% every hour quickly becomes a fortune.
New investment is currently the sole probable source of revenue for CoinsXtra.
CoinsXtra is a Ponzi scam since it uses fresh investment to pay affiliates up to 2% every hour.
As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well.
CoinsXtra will be deprived of ROI revenue as a result, eventually collapsing.
Ponzi schemes are mathematically certain to lose money for the vast majority of participants when they fail.