Beware of CryptoCoin Share – Review

On its website, CryptoCoin Share makes no mention of the company’s owners or executives.

On September 24, 2020, the domain name “crypto coins are. The UK” for CryptoCoin Share’s website was registered.

On October 11th, 2021, the private domain registration was last updated.

According to a search by the Wayback Machine, CryptoCoin Share’s website launched in November 2021.

This implies that the domain was acquired by the current owners in October 2021.

Despite being a recent creation, CryptoCoin Share erroneously claims on its website that it has been operational for 6210 days (about 17 years).

CryptoCoin Share presents information on Trimax Limited’s UK incorporation to seem credible.

It’s unclear whether this business has anything to do with CryptoCoin Share.

Any MLM firm that is based in the UK or claims to be based there is a warning sign.

The UK offers incredibly inexpensive and essentially unrestricted incorporation. Additionally, the FCA, the UK’s leading financial regulator, does not actively combat securities fraud associated with MLM.

As a result, scammers seeking to establish, run and publicize fictitious businesses frequently choose the UK as their preferred country.

Incorporation in the UK or registration with the FCA has no significance for MLM due diligence.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Items at CryptoCoin Share

CryptoCoin Share doesn’t offer any services or goods for retail sale.

Only the CryptoCoin Share affiliate membership itself may be promoted by affiliates.

Compensation Plan for CryptoCoin Shares

Affiliates of CryptoCoin Share invest dollars and cryptocurrencies in exchange for the promised rewards.

$20 to $100 invested will return 120 percent in 24 hours.

$100 to $1,000 invested will return 140% in 48 hours.

After 24 hours, invest $500 or more to get 200 percent back.

After 72 hours, invest $1,000 or more to get 300 percent back.

Three stages of recruiting (Unilever) are paid down by referral commissions on invested funds:

level 1 (affiliates that I directly recruited) – 5%

levels 2 to 3 and 3 to 1 percent

signing up for CryptoCoin Share

The affiliate program for CryptoCoin Share is free.

A minimum investment of $20 in USD or cryptocurrency is required for full participation in the linked income opportunity.

CryptoCoin Share supports the following cryptocurrencies: bitcoin, litecoin, Ethereum, dash, and bitcoin cash.

CryptoCoin Share Summary

According to CryptoCoin Share, a “staff of skilled traders” is how the company makes money.

There is no proof of trading or a trading team.

The business model of CryptoCoin Share also fails the Ponzi logic test.

Surely the anonymous administrators of CryptoCoin Share would just trade for themselves and retire wealthy in a few months if they could produce 200 percent every 48 hours.

Right now, new investments are the sole verified source of income entering CryptoCoin Share.

CryptoCoin Share is a Ponzi scam since it uses fresh investments to pay affiliate withdrawals.

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

Due to a lack of ROI income, CryptoCoin Share will eventually collapse.

Ponzi scheme math ensures that the majority of participants lose money.

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