BankCoin Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that BankCoin is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about BankCoin, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting BankCoin as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about BankCoin in my BankCoin Review – now you can learn all you need to know about it.
Is BankCoin really a legit business?
Is BankCoin a safe business to join?
Let me show you in my review of BankCoin.
Get started by reading my review below.
Exactly What Is BankCoin?
In the case of BankCoin, there’s not much of anything to see on the company’s official website.
There isn’t any mention of who owns the company, where it’s based out of, when it was launched, or anything like this.
The domain name (bankcoin.io) was first registered on August 15, 2017, and while this is likely around when the company launched, that’s impossible to determine for sure.
Also, seeing as how the registration was done privately, it’s impossible to see who owns the domain or where the registration took place.
What Is The BankCoin Product Line?
As for the product line, this is another area where BankCoin disappoints.
No goods or services are being sold to retail customers, and as a result of this, there’s no chance for retail sales activity to take place.
The one and only thing available for affiliates to offer is the affiliate membership, and as the story goes, the biggest draw to this is the attached income opportunity.
Income opportunities in MLM businesses are normal, but when they exist without an accompanying product line, that’s when the red flags start to go up.
What Can You Tell Me About The Compensation Plan For BankCoin?
Moving over to the compensation plan, affiliates for BankCoin are asked to invest real money into BANK points being offered to them.
These points range in price between 50 cents up to $1.20 per a single point, and after affiliates get their hands on them they must then be “lent” back to BankCoin so they can earn an ROI.
BankCoin’s ROI is paid out on a daily basis, and the available levels of earning are as follows:
- Members that buy $100 to $1000 of BANK points earn the ROI and 0.1% bonus for 210 days
- Members that buy $1001 to $5000 of BANK points earn the ROI and 0.25% bonus for 150 days
- Members that buy $5001 to $10,000 of BANK points earn the ROI and 0.35% bonus for 120 days
- Members that buy $10,001 to $50,000 of BANK points earn the ROI and 0.4% bonus for 90 days
- Members that buy $50,001 or more of BANK points earn the ROI and 0.45% bonus for 60 days
Affiliates also have the chance to earn on referral commissions that are paid using a unilevel system, and if they invest $50 or more, they can earn on the following investment plans:
- Earn a 105% ROI after 7 days
- Earn a 300% ROI after 15 days
- Earn a 900% ROI after 30 days
- Earn a 1575% ROI after 45 days
What Will It Cost To Join BankCoin?
You can choose to join BankCoin for free, but doing so will limit you to earning on just referral commissions. If you’d like to earn on these and everything else that’s being offered, you’ll need to pony up an investment of at least $50.
Is BankCoin A Scam?
If you have heard that BankCoin is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is BankCoin a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My BankCoin Review
Upon visiting BankCoin’s site, you’ll find the following message:
“We strongly believe that there should be an efficient alternative to the existing payment and banking systems.
In other words, our blockchain-based payment system aims to lower financial inclusion obstacles and provide financial services for the banked and unbanked.”
As enticing as that may sound, there’s nothing of value to it.
The only money coming into BankCoin is that of affiliate investments, and as such, newly invested funds are used to pay ROIs owed to other members.
This results in BankCoin operating as a Ponzi scheme, and this is bad news for everyone.
Most all affiliates will end up losing out, the admin(s) running the company will earn the lion’s share of what’s invested, and that’ll be all there is to it.
This is a story that’s been told time and time again, and it is not one that you want to be a part of.
I definitely hope you have found value in my Review of BankCoin.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with BankCoin, make sure you take the time to learn how to market yourself!
My training below can help you with that.