CoinXL Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that CoinXL is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about CoinXL, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting CoinXL as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about CoinXL in my CoinXL Review – now you can learn all you need to know about it.
Is CoinXL really a legit business?
Is CoinXL a safe business to join?
Let me show you in my review of CoinXL.
Get started by reading my review below.
Exactly What Is CoinXL?
While the overall appearance for CoinXL’s website is good enough, what’s not all that great is the noticeable lack of background data.
After searching around for hours and hours, I came up empty-handed when trying to figure out who the owner of CoinXL is, when it was first launched, where it’s physically based out of, etc.
The domain name for the site (coinxl.com) was registered on June 4, 2017, but since the registration was done privately, there’s no way to see who the owner of the domain is or where the registration was completed.
I decided to do some more research outside of the CoinXL website, and when I did this, I was able to determine that Brad Cook is a name that pops up quite often in various affiliate marketing calls that I managed to come across.
Brad Cook speaks with quite a bit of authority in these calls, and it’s stated that he’s part of CoinXL’s, “leadership.”
I’m not 100% sure what this, “leadership” affiliate actually means as I can’t find a proper title for Brad Cook within CoinXL, but it’s quite likely that he’s the owner of the company.
Along with CoinXL, Cook was also the founder and CEO of NexxStars when it launched back in 2014. NexxStars was a Ponzi scheme, and it collapsed after just a few months of operation.
Lastly, Brad Cook also claims to have had involvement with Enliven, Smart Travel, and National Safety Associates.
What Is The CoinXL Product Line?
On the product line side of things, you won’t find a single good or service being marketed or sold to anyone with CoinXL.
Affiliates for the company only have the affiliate membership to offer to folks that may be interested in the bundled income opportunity, and that’s it.
This setup creates for a complete lack of any retail sales activity, and in the world of MLM, that’s just about the last thing you want to come across.
What Can You Tell Me About The Compensation Plan For CoinXL?
Moving to the compensation plan, affiliates are asked to invest bitcoin in order to get a daily ROI of 1% for 150 days.
There are a few different investment levels to choose from, and they include the following:
- L1 — Affiliates invest 0.100175 BTC to earn a 0.15 BTC ROI
- L3 — Affiliates invest 0.300525 BTC to earn a 0.45 BTC ROI
- L5 — Affiliates invest 0.5000875 BTC to earn a 0.75 BTC ROI
- XL1 — Affiliates invest 1.0175 BTC to earn a 1.5 BTC ROI
- XL2 — Affiliates invest 2.035 BTC to earn a 3 BTC ROI
- XL4 — Affiliates invest 4.07 BTC to earn a 6 BTC ROI
- XL5 — Affiliates invest 5.0875 BTC to earn a 7.5 BTC ROI
To go along with the direct ROI payments, affiliates for CoinXL can also earn through referral commissions.
Referral commissions are paid out to members through the use of a binary system, and earning the most money here is dependent on which investment plan you pick.
What Will It Cost To Join CoinXL?
In order to join CoinXL, you’ll need to make an investment between 0.100175 BTC and 5.0875 BTC if you want to earn on both referral commissions and the daily ROI.
You can choose to invest at the LL05 level for 0.05000875 BTC, but doing this will only allow you to earn on referral commissions.
On top of all this, choosing to invest at a higher investment level will allow you to earn more throughout the entirety of the compensation plan.
Is CoinXL A Scam?
If you have heard that CoinXL is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is CoinXL 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 CoinXL Review
On CoinXL’s website, you’ll find the following message —
“Now you can trade Bitcoin daily, 7 days a week, using CoinXL’s proven, proprietary cryptocurrency trading systems and algorithm. CoinXL offers a trusted, transparent method of trading Bitcoin through an automated trading platform.”
CoinXL is asking people to invest money, recruit other people to join the company, and then earn money through daily ROIs and referral commissions.
The only money that’s clearly making its way into CoinXL is that of affiliate investments, and with these funds being used to pay ROIs owed to other members, CoinXL turns into a Ponzi scheme,
Not only this, but the company also has elements of a pyramid scheme since affiliates are paid to recruit other investing affiliates as well.
The only people that will come out on top with CoinXL are Brad Cook and any other admins for the company.
Most (if not all) affiliates will end up losing out, and this is something that we’ve come to expect from all MLM schemes along these lines.
There’s no happy ending unless you’re an admin, so you really have no reason to waste your time here.
I definitely hope you have found value in my Review of CoinXL.
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 CoinXL, make sure you take the time to learn how to market yourself!
My training below can help you with that.