UpCoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, UpCoin 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 UpCoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for UpCoin.
I wanted to gather all the information about UpCoin in my UpCoin Review in order for you to make a decision about joining UpCoin.
Is UpCoin 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 UpCoin.
Read on to find out what you need to know.
What The Heck Is UpCoin?
On the official website for UpCoin, there’s really not much of anything to see. There’s no mention of who’s running the company, where in the world it’s being run out of, when it was founded, etc.
The domain name was registered on November 21, 2016, but because the registration was done privately, there’s no way to see where this took place or who owns the domain.
Background information is critical to know when looking at a new opportunity, and the fact that UpCoin is lacking so much of it really puts a bad taste in my mouth.
What Are The UpCoin Products?
In regards to the UpCoin product line, well, there really isn’t one.
No goods or services are being sold to retail customers, and as such, there’s no chance for retail sales activity to take place.
Affiliates are left with only the affiliate membership to offer to those looking for a new income opportunity, and in my experience with MLM reviews, this is something you’ll only see with schemes and scams – not legitimate companies.
What About The Compensation Plan For UpCoin?
Speaking of that income opportunity that’s being offered, affiliates for UpCoin are told they’ll earn “up to 500 satoshi every 20 min.”
A satoshi is equal to 0.000005 BTC, so the USD value you’ll earn varies based on how bitcoin is performing (which can change at any given minute).
Referral commissions are also offered with UpCoin, and these are paid at a rate of 30% in satoshi when a member personally recruits someone else to join the company.
Every person that joins UpCoin has to pay a small membership fee of $1, and this money is used to pay out recruitment commissions that are handled via a binary system.
Positions in the binary are filled with direct and indirect recruitment, and as more people join, more money is paid through it.
What’s The Cost Of Joining UpCoin?
As mentioned above, you’ll need to pay a membership fee of $1 when joining UpCoin.
So, Is There A UpCoin Scam Going On?
Have you been hearing rumours that UpCoin 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 UpCoin scam going on?
If I am being perfectly honest, UpCoin 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 UpCoin Review And Conclusion!
This is relatively short review, and that’s because UpCoin is a pretty simple company.
UpCoin might look fairly enticing at first, but when you really break things down, it doesn’t take too long to realize that this is nothing more than a pyramid scheme on the micro scale with fees of $1 per person that joins.
Like other pyramid schemes that often pop up, the only person that will profit when all is said and done is the anonymous admin(s) running UpCoin. It’s possible for a few early affiliate to come out on top, but the majority of all affiliates will lose out with UpCoin.
Furthermore, when you really look at that math side of things, UpCoin just isn’t worth it.
In order to make just $1, you’d have to visit UpCoin’s website 100 times on the minimum. In other words, you’re visiting 100 times for 20 minutes each for a total time of 66.6 hours. And, at the end of all this, you’re making just $1.
In any case, like all pyramid schemes, UpCoin will be gone once recruitment dies down. The admin(s) will run off with whatever they’ve earned, affiliates will lose out, and that’ll be all she wrote.
I really hope you have gained value from my UpCoin Review.
I wanted to make sure you had all the information you needed, because most other UpCoin reviews are just trying to sell you something.
If you really do decide to join UpCoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!