CoinsXtra Review- Scam

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On its website, Coinsxtra says nothing about who owns or runs the business.   

The domain name for Coinsxtra’s website, “coinsxtra.com,” was first registered in the year 2020. The last change to the private registration was made on May 17, 2022.   

CoinsXtra gives a UK incorporation certificate for “CoinsXtra.com” to make it look like it is a real business.   

A search of Companies House shows that there is no such company.   

If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.   

Products from CoinsXtra:   

CoinsXtra has no goods or services that can be sold.   

Affiliates can only promote CoinsXtra’s affiliate membership.   

The CoinsXtra Payment Plan:

Invest between $1,000 and $5,000 and get back 2% per hour for a week.   

Invest at least $10,000 and get 10% back every day for 180 days.   

For $40,000 or more, and you’ll get 13% a day for 90 days. 

CoinsXtra gives commissions on money invested for three levels of referrals: 

Level 1 (individually recruited affiliates) – 7% level 2–3 percent, level 3–2%.

Getting into CoinsXtra:   

Joining as a CoinsXtra affiliate is free.   

To fully take part in the attached income opportunity, you must invest at least $1,000.   

CoinsXtra asks for money in US dollars (via Payeer), bitcoin, litecoin, and ethereum.   

CoinsXtra Conclusion:   

CoinsXtra says it makes money through “super global traders from all over the world.”   

There is no proof that CoinsXtra is doing any trading. There is also no evidence that CoinsXtra pays affiliate withdrawals with any kind of outside income. Also, the business model of CoinsXtra fails the MLM Ponzi logic test.   

If someone was really able to make 2 percent an hour consistently, they wouldn’t be giving it to you for free.   

It wouldn’t be necessary to give it to anyone. Any balance that grows by 2% an hour quickly turns into a lot of money.   

At the moment, the only source of income that can be proven to be going into CoinsXtra is new investments.   

CoinsXtra is a Ponzi scheme because they use new money to pay affiliates up to 2% an hour.   

As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.   

This will stop CoinsXtra from getting money from ROI, which will eventually cause it to fail.  Because Ponzi schemes are based on math, when they fail, most people who took part will lose money.

On its website, Coinsxtra says nothing about who owns or runs the business.    The domain name for Coinsxtra’s website, “coinsxtra.com,” was first registered in the year 2020. The last change to the private registration was made on May 17, 2022.    CoinsXtra gives a UK incorporation certificate for “CoinsXtra.com” to make it look like…

On its website, Coinsxtra says nothing about who owns or runs the business.    The domain name for Coinsxtra’s website, “coinsxtra.com,” was first registered in the year 2020. The last change to the private registration was made on May 17, 2022.    CoinsXtra gives a UK incorporation certificate for “CoinsXtra.com” to make it look like…

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