In this brief CoinXtract Review, I’m going to answer the only question that matters: Can you make money with this platform?
This potential earning opportunity caught my attention, and I decided to look into it.
If you want to know if CoinXtract is legit or a scam, you have come to the right place.
I really appreciate the fact that you don’t want to fall victim to online scam platforms, which is why I will tell you what you need to know about CoinXtract, its products, and its compensation plan.
Once you are done reading, I am certain that you will make the right decision.
CoinXtract Review – About the Company
There is no information on their website on who owns or runs this company.
CoinXtract is in the cryptocurrency niche that’s endeavoring to offer a passive return on investment.
According to the site, CoinXtract was created in 2015, but their domain registration says otherwise.
When I checked, the domain name (coinxtract.com) was registered privately on September 5th, 2019, and the registration was updated on August 5th, 2020.
The website says “Our Journey Since 2015” but the domain was registered in September of 2019.
That doesn’t add up to me…
There is no address on their site, but they do have a photoshopped picture of an office building.
The website is also lacking a “contact us” section, which is another red flag.
Their so-called “Partner’s Section” is another huge red flag; there is no way they are in partnership with actual cryptocurrencies – they are cryptos, not companies.
On their website, they have two names as their founders, Gillian Muessig and Rand Fishkin.
A quick search on Google for both of those names revealed that Gillian Muessig and Rand Fishkin have nothing to do with CoinXtract.
As you can see very quickly I find CoinXtract to be questionable at best.
What Are CoinXtract Products and Services
You can only promote CoinXtract affiliate membership; the company has no product or service to offer.
To promote their affiliate membership, you will have to become an affiliate, and you will have to invest to participate in the passive income opportunity.
Whenever a ‘company”
CoinXtract is similar to other cryptocurrency MLM’s I’ve reviewed on this website such as:
Affiliates on the platform are promised ROI (return on investment) after 15 days when they invest in bitcoin.
You will receive an ROI of 2.5% daily for 15 days when you invest 100 USD.
You can cash out your profits after 15 days and withdraw your capital after 30 days. There is no limit to the about of money you can invest.
Referrals And Registration Costs
CoinXtract only has a one-tier affiliate program, and you can make 10% of personally sponsored affiliates when they invest.
The “owners” set up this platform so that there is no limit to the number of people you can recruit.
Also, CoinXtract does not offer additional bonuses or residual commissions.
Becoming an affiliate is free; however, you will have to invest at least $100 in bitcoin to partake in its so-called investment opportunity.
My Verdict Of CoinXtract
I will be real and honest with you in this review. I don’t think you should invest in this company; there are so many red flags.
There is no information about the owner or the people running this platform.
No contact or address information is provided and they are flaunting a photoshopped office on their site.
They claim to be in existence since 2015, but their domain registration says otherwise.
Also, they claim they generate revenue from mining and trading cryptos, but there is no evidence to support this claim.
I don’t think this platform is legit. The only thing they do is use money from new investors to pay existing investors.
If you don’t want to lose your money, do not join or invest.
There are so many shady things about CoinXtract, and I don’t recommend it.
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