Coins of Change Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Coins of Change has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell Coins of Change in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Coins of Change.
I wanted to gather all the information about Coins of Change in my Coins of Change Review in order for you to make a decision about joining Coins of Change.
Is Coins of Change legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Coins of Change.
Read on to find out what you need to know.
What The Heck Is Coins of Change?
Looking at Coins of Change’s official website, the company gives off a terrible first impression.
Despite looking around as much as possible, I was unable to find any mention of who owns the company, when it was founded, where it’s physically based out of, or anything along these lines.
First impressions count, and Coins of Change makes an awful one.
The domain name for the company’s site was registered on July 20, 2017, and because the registration was done privately, there’s no way of knowing where it took place or who owns the domain.
With that said, I was able to dig up some dirt after some further snooping.
The name-servers used for Coins of Change’s website registration are “bitcoinsetupsite.com”, and a quick visit to the site will reveal that it’s a carbon-copy of the Coins of Change one.
Bitcoin Setup Site’s owner is Mike Hollen, and he looks to be based out of Iowa in the United States.
Registration details with Hollen’s email links him to Pronto Web Services and IsoMedia – the former of which is a shell company in Panama while the latter offers web hosting services.
It’s unclear how much involvement Hollen has with Coins of Change aside from the creation of its website, but it’s a name nonetheless.
Speaking of names, there are three admins found with Coins of Change’s official Facebook group – Edmond Lee, Jorge Raziel, and Domingo M., Silvas.
The extent of the relationship these people have Coins of Change is also unclear, but it would appear that more than one person is running the company.
What Are The Coins of Change Products?
Moving on the product line side of things, there’s not a whole lot to see here.
Coins of Change isn’t marketing or selling a single retail item to its customers, and because of this, you won’t find any retail sales activity.
The affiliate membership is all Coins of Change members have to offer, and along with the income opportunity, this comes with access to a “Facebook e-commerce course” and “bitcoin e-book and video course.”
What About The Compensation Plan For Coins of Change?
Should you choose to join Coins of Change, your main task will be to gift money to other members within the company.
Affiliates work their way through two five-level tiers, with the first one working out as follows:
- Level 1 — Affiliates earn $40 from three members after gifting $50
- Level 2 — Affiliates earn $70 from nine members after gifting $80
- Level 3 — Affiliates earn $250 from twenty-seven members after gifting $280
- Level 4 — Affiliates earn $900 from eighty-one members after gifting $1000
- Level 5 — Affiliates earn $4900 from two hundred and forty-three members after gifting $5400
Once affiliates have completed this first tier, they move on to the “Gold Stage.”
The Gold Stage is essentially the same setup, but it swaps out USD for bitcoin.
What’s The Cost Of Joining Coins of Change?
If you’re at all interested in joining Coins of Change, you’ll need to pony over a gift payment of at least $50. However, full participation will require you to gift $6810 and 10.3 BTC.
So, Is There A Coins of Change Scam Going On?
Have you been hearing rumours that Coins of Change is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a Coins of Change scam going on?
If I am being perfectly honest, Coins of Change isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My Coins of Change Review And Conclusion!
On its website, Coins of Change markets itself as a “peer-to-peer crowd-funding” system.
Here’s a bit of advice — whenever you come across “peer-to-peer” in the MLM space, that’s codeword for “cash gifting.”
Cash gifting schemes are when affiliates send money to other affiliates on the idea they’ll get something in return, and they always end up with most everyone losing out and the admins earning the lion’s share of what’s dumped into the company.
In the case of Coins of Change, you’ll be looking at a similar outcome.
It’s possible for very early adopters to come out on top of this, but the risk certainly isn’t worth the potential reward.
You are more than likely going to lose any money you put into Coins of Change, and because of this, I highly recommend avoiding it at all costs.
I really hope you have gained value from my Coins of Change Review.
I wanted to make sure you had all the information you needed, because most other Coins of Change reviews are just trying to sell you something.
If you really do decide to join Coins of Change, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!