Welcome to this brief CoinJob Review
This blog post is for individuals who were considering CoinJob as an investment opportunity.
Before you make a decision you may regret, lets take a look at some facts regarding CoinJob.
One of the first things I notice is
Also, to make the platform look legit, you will see a UK incorporation certificate on the site.
According to the certificate, Coin Job LTD was incorporated on the 30th of June 2020.
Do not fall for the incorporation certificate you see on the site; incorporation in the UK is very cheap and unregulated.
Thus, it favors scammers interested in incorporating dodgy companies.
The site’s domain (coinjob.biz) was registered privately on 4th June 2020.
According to Alexa, Turkey (17%), Vietnam (25%), and Bangladesh (28%) are the top 3 sources of traffic.
And the person running this platform is not located in any of the three countries listed.
As always, you need to be very careful about joining or giving your money to any MLM company that is not transparent about who owns it.
Products Offered By CoinJob
Aside from affiliate recruitment, CoinJob has no retail product or service to offer.
When a multi-level marketing company has no retail product to make available to the public, that’s almost a sure sign that it’s probably a Ponzi/pyramid scheme.
This is a HUGE red flag and should not be ignored!
Affiliates on this platform are promised a daily ROI of 4% when they invest at least 0.002 BTC.
CoinJob uses a unilevel compensation plan structure to pay member’s referral commissions.
In a Unilevel structure, an affiliate is placed at the top of the team, and every member they personal recruit is placed directly under them (level one).
Members recruited by level one affiliates are placed on level 2 of the original affiliate.
Affiliates recruited by level 2 affiliates are placed on level 3, and this chain continues to grow (no limits).
The platform, however, caps payment at level 5.
Commissions for referrals are paid as a percentage of the bitcoin invested by member’s across the five levels.
- Earn 5% commission on level 1 (personally recruits)
- Earn 2% on level 2
- Earn 1% on level 3 to 5
To increase your referral commission to level 6, you need to qualify as a Representative.
Representatives on the platform earn:
- 8% on level 1
- 2% on level 2 and level 3
- 1% on level 3 to level 6
Note: you will not find any criteria to qualify for a Representative on their website.
Cost to Join
Membership registration is free.
However, you will have to invest at least 0.002 bitcoin to participate and earn.
Don’t Believe The Hype
CoinJob claims they generate external revenue through trading in cryptocurrency.
In their words: “We manage the funds of our investors in cryptocurrency exchanges, buying and selling according to the market trends to maximize our profits and minimize the risks attached.”
However, there is no proof of trading or evidence that CoinJob pays returns using any other form of external revenue.
Thus, the platform fails the Ponzi logic test.
If the supposed owners of this platform, who we have no idea of, can generate 4% daily, why are they asking you to invest BTC?
The way it is, their source of revenue comes from investment from new recruits, which makes CoinJob nothing more but a Ponzi scheme.
Whoever the owners are of CoinJob they are using a fake address along with a UK incorporation which can be bought for cheap with zero regulations.
Is CoinJob A Scam?
Based on the facts, it’s safe to assume this company is a scam.
You should never join a company that fails to be totally transparent about how their business operates?
I don’t recommend any online business that is operating as a Ponzi scheme.
Expect the platform to collapse when affiliate recruitment slows down.
There will be no money to pay existing investors when this happens.
If you value your hard-earned money, I do not advise you to invest.
CoinJob is similar to other scam cryptocurrency websites I’ve reviewed on this blog such as:
What You Need To Understand
Today, you cannot take money, invest it in some so-called program that claims high returns on your funds and expect a financial jackpot.
It just doesn’t work that way.
Tens of thousands of people a day search the internet for “business opportunities” they can throw money at, sit back, and let someone else do the work of making money online.
People like that are the reason online scams and scammers exist.
Let me make this clear: YOU have to participate in your own financial rescue.
YOU have to do the work necessary of pulling yourself up out of the financial hole you’re in.
If you want to leverage the power of the internet so you can drastically improve your financial situation, click the banner below.