CoinXtract Review – Make Big Money Or Crypto Scam?
In this brief CoinXtract Review, I’m going to answer the only question that matters: Can you make money with this platform? This potential earning opportunity caught my attention, and I decided to look into it. If you want to know if CoinXtract is legit or a scam, you have come to the right place.
I appreciate the fact that you don’t want to fall victim to online scam platforms, which is why I will tell you what you need to know about CoinXtract, its products, and its compensation plan. Once you are done reading, I am certain that you will make the right decision.
CoinXtract Review – About the Company
There is no information on their website on who owns or runs this company. CoinXtract is in the cryptocurrency niche that’s endeavoring to offer a passive return on investment. According to the site, CoinXtract was created in 2015, but their domain registration says otherwise.
When I checked, the domain name (coinxtract.com) was registered privately on September 5th, 2019, and the registration was updated on August 5th, 2020. The website says “Our Journey Since 2015” but the domain was registered in September of 2019. That doesn’t add up to me…
There is no address on their site, but they do have a photoshopped picture of an office building. The website is also lacking a “contact us” section, which is another red flag. Their so-called “Partner’s Section” is another huge red flag; there is no way they are in partnership with actual cryptocurrencies – they are cryptos, not companies.
On their website, they have two names as their founders, Gillian Muessig and Rand Fishkin. A quick search on Google for both of those names revealed that Gillian Muessig and Rand Fishkin have nothing to do with CoinXtract. As you can see very quickly I find CoinXtract to be questionable at best.
What Are CoinXtract Products and Services
You can only promote CoinXtract affiliate membership; the company has no product or service to offer. To promote their affiliate membership, you will have to become an affiliate, and you will have to invest to participate in the passive income opportunity. Whenever a ‘company”
Compensation Plan
Affiliates on the platform are promised ROI (return on investment) after 15 days when they invest in bitcoin. You will receive an ROI of 2.5% daily for 15 days when you invest 100 USD.
Also, you are told that you can cash out your profits after 15 days and withdraw your capital after 30 days. There is no limit to the about of money you can invest.
Referrals And Registration Costs
CoinXtract only has a one-tier affiliate program, and you can make 10% of personally sponsored affiliates when they invest. The “owners” set up this platform so that there is no limit to the number of people you can recruit. Also, CoinXtract does not offer additional bonuses or residual commissions. Becoming an affiliate is free; however, you will have to invest at least $100 in bitcoin to partake in its so-called investment opportunity.
My Verdict Of CoinXtract
I will be real and honest with you in this review. I don’t think you should invest in this company; there are so many red flags. There is no information about the owner or the people running this platform. No contact or address information is provided and they are flaunting a photoshopped office on their site.
They claim to be in existence since 2015, but their domain registration says otherwise. Also, they claim they generate revenue from mining and trading cryptos, but there is no evidence to support this claim. I don’t think this platform is legit. The only thing they do is use money from new investors to pay existing investors. If you don’t want to lose your money, do not join or invest. There are so many shady things about CoinXtract, and I don’t recommend it.
Warning: The RED Flags of Schemes and Scams Online
It would be best to watch out for these things with multi-level marketing companies, as they are red flags you should not ignore. Taking note of these eight signs can save you considerable time and money.
- A FREE Trial Is NOT Offered By the Company
This is a big one to look out for. Most information products are worthless, and if you could jump directly into those products and “try them out” before you had to invest in them, you would never invest in the low-quality substance. That is why they hide behind a payment. If their information is so good, should they not prove it by giving you a taste of it?
2. Companies That Don’t Clearly Outline Pricing
If you go to a sales page for a product and they don’t disclose the price clearly, you will likely get “duped.” Any legitimate company will offer clarity on pricing and have a pricing page on their website. MANY companies in this industry HIDE their pricing; it is unethical, and it will almost certainly scam you. Also, if the company charges hundreds or even thousands of dollars for their products or for joining their business “opportunity,” it should be of concern.
3. MLM Companies That Use Video Sales Pages / Squeeze Pages
If you visit a “sales page” and the only thing you see on it are exaggerated claims of quick money, this is almost certainly going to be an expensive, overpriced scam. This is a marketing tactic used to HIDE pricing but also to hide the product itself. They typically ask for your email or a small payment, and then you are going to be put through an extensive and expensive sales funnel.
4. Companies That Don’t Have a High TrustPilot Rating
CoinXtract has no Trustpilot rating. TrustPilot is the place where you should be going to get real consumer reviews about products/services that you plan on buying. If a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, then you may want to second guess it, and there are going to be better programs and services available.
5. Multi-Level Marketing Companies That Sell “Riches” Without Telling You the Process
If you are being pushed by the idea that you are going to be “rich” without telling you what you will be doing to earn this money (in a specific way), then they are selling the sizzle…and chances are there is no “steak” after you make your purchase. Avoid programs like this like a plague.
6. Companies Without an Easy Way to Contact Them
If you don’t have a direct way to contact the company to answer questions about their program, then they are hiding behind something. That is the first clue, and I recommend you test it. If the company has an email address, email it. If you don’t get a response within 48 hours at most, then that is probably the sort of help you can expect in the future.
7. Companies That Don’t Offer Direct Access/Communication with the Owners
Who owns the product? Can you get help and/or communicate with them directly? If NOT, then this program is more than likely in the business of taking your money. CEOs in the opportunity world who are not willing to directly communicate with their customers have a “too good for you” mentality, and they should be avoided.
8. Companies That Are Just “Information”
If they are just providing you with “ideas” about how you could create a business without offering you all the tools, services, and levels of ongoing support that you need to succeed online, you are going to have a tough time succeeding. Many companies charge you for their information and then tell you that you need to purchase all sorts of stuff to use the techniques taught.
When you look at the evidence, multi-level marketing platforms like CoinXtract are not business opportunities you want to get involved with!
When you look at the above eight points discussed, multi-level marketing platforms like the CoinXtract are not business opportunities you want to get involved with! My rating of this so-called “make money online opportunity” is 0 out of 8!
As you can conclude from the above information, multi-level marketing companies are not all what they claim to be. Too often, people put their hope and trust in someone else making money for them instead of learning how to create prosperity with their online presence. People look for others to rescue them financially when, in reality, YOU have to come to your financial rescue!
However, there is a BETTER OPTION if you want to create your own online business. There is a platform available that will teach you step by step how to build your own online business, an ethical platform whose primary focus is to help everyday people learn how to make money online, a platform where you can immediately have access to individuals who are highly successful with their online businesses. Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…
- Wealthy Affiliate (or WA for short) Offers a Free Trial
- WA Offers Clear Pricing
- WA Offers a comprehensive website
- WA has a High TrustPilot Rating
- WA is not a get-rich-quick scheme
- WA offers a clear way to contact the company
- You can contact Kyle & Carson directly
- WA offers tools and support
(1) Companies That Don’t Offer a Free Trial.
This is one of the key reasons that I want to introduce you to Wealthy Affiliate. You can get a “test drive” to Wealthy Affiliate, but that doesn’t end, and there is NO credit card requirement. This is their Starter membership, and it includes more than any paid product I have seen in this industry. Here are just a few things that you get within the COMPLETELY FREE Starter membership.
- One Free Profit-Ready Website (Hosting Included)
- Getting Started Training, 10 Full Video Lessons
- 7 Days of Full Mentorship & Expert Help
- Communication Directly with Kyle & Carson (the founders)
- Keyword and Market Research Tools
- The Affiliate Opportunity Platform
- Ability to Network with Millions of Fellow Entrepreneurs
- 100’s of training resources
- And Much More!
(2) Companies That Dont’ Clearly Outline Pricing.
Wealthy Affiliate’s pricing page clearly outlines three available memberships: a Starter membership (FREE), a Premium ($49/month), or a Premium Plus+ ($99/month). There are no upsells and nothing more complex than this. You are not obligated to upgrade, but if you do decide to, you can run a million-dollar online business utilizing the platform and tools that Wealthy Affiliate offers.
(3) Companies That Use Video Sales Pages / Squeeze Pages.
Wealthy Affiliate offers a comprehensive website where you can learn more about the exact process of building an online business and all of the platforms, technology, and services involved that are offered to you as a member. This includes a thorough outline of WA’s education, hosting, website, domains, community, and success elements.
(4) Companies That Don’t Have a High TrustPilot Rating.
WealthyAffiliate.com has a 4.8 STAR rating on TrustPilot. The owners personally get back to every comment, and this leads to the industry. It is tough to achieve a rating like this in any industry, let alone the make-money-online niche.
(5) Companies That Sell “Riches”.
One thing you will not hear from Wealthy Affiliate in any of their training or marketing is “get rich quick.” The reality is that to build a business, you first have to build a solid foundation and understand it. Wealthy Affiliate provides you with the tools, training, and platform you need to create a business of any size online (even million-dollar websites), but you must be realistic about the process. It will take some hard work and dedication.
(6) Companies Without an Easy Way to Contact Them.
You can contact Wealthy Affiliate directly from their website without being a member. They have a contact form, and the owners freely share their email addresses if you ever need to get in touch with them or have any questions. They are kyle@wealthyaffiliate.com and carson@wealthyaffiliate.com. Feel free to reach them directly if you have questions, and of course, as a member, you are going to have access to them within the community. Which leads me to…
(7) Companies That Don’t Offer Direct Access/Communication with the Owners.
Wealthy Affiliate is the most transparent company in the space and offers you access to Kyle and Carson, the founders, directly within the community. If you want help from them directly, just ask. You can even access them for their help and mentorship within the first 7 days of the Starter membership…so without paying a dime, you can access both of the owners directly!
(8) Companies That Are Just “Information”.
Many things are required to build a successful business online, and Wealthy Affiliate includes all of them. To build an online business, you need a website, top-tier hosting, marketing and research tools, ongoing education of the latest marketing strategies, writing tools/platforms, and a way to find the TOP opportunities online. Not to mention support, mentorship, and expertise. These are ALL things that Wealthy Affiliate provides you with any level of membership, equipping you to create, grow, and manage a business of any level online.
No other company in the industry offers a free “test drive,” as they likely don’t have the confidence that someone would purchase a trial. WA gives you access to its platforms, websites, hosting, research tools, community, and support within the free membership…so there is ZERO risk, and you can make a decision if you ever want to purchase a premium membership.
Leverage The Power Of The Internet So You Can Learn How To Make Money Online
Instead of getting sucked into another questionable “business opportunity” or scam, you should take a look at my “no. 1 recommendation” below. Thousands of shady, scam cryptocurrency investment websites steal hundreds of millions from gullible people annually.
One of the reasons scammers are successful is because they understand that people are lazy and they would rather throw their hard-earned money at a so-called investment scheme than roll up their sleeves and build their own online business.
If you truly want financial freedom, you must learn how to leverage the power of the internet for your financial benefit! The platform I highly recommend helping you to learn how to make money online has everything you need, all in ONE place for one reasonable price.
My recommendation below is by far the highest value, most cost-efficient way to create and grow an online business in 2020 and moving forward. If you have struggled for years to build a successful business online or feel that you don’t have the “full picture”. Click on the banner below and get more information so you can start building a REAL business that can help you make a life-changing income for years to come. You can even start an account for FREE!
Talk Soon,
Howard
Its all a scam, I traded with different brokers, and most of them disappear when you make a withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you to withdraw a little amount so they can build your trust and after that, they begin to make large requests.
I lost $75,250 to these fraudulent brokers, I was depressed for months…