CoinsXtra Review: 2% an hour “super global traders” Ponzi
Coinsxtra provides no information about who owns or runs the company on its website.
Coinsxtra’s website domain (“coinsxtra.com”), was first registered in 2020. The private registration was last updated on May 17th, 2022.
In an attempt to appear legitimate, CoinsXtra provides a UK incorporation certificate for “CoinsXtra.com”.
A search of Companies House reveals no such incorporation exists.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
CoinsXtra has no retailable products or services.
Affiliates are only able to market CoinsXtra affiliate membership itself.
CoinsXtra’s Compensation Plan
CoinsXtra affiliates invest funds on the promise of advertised returns:
- invest $1000 to $5000 and receive 2% an hour for a week
- invest $10,000 or more and receive 10% a day for 180 days
- invest $40,000 or more and receive 13% a day for 90 days
CoinsXtra pays referral commissions on invested funds down three levels of recruitment:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
- level 3 – 2%
CoinsXtra affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $1000 investment.
CoinsXtra solicits investment in USD (through Payeer), bitcoin, litecoin and ethereum.
CoinsXtra represents it generates returns via “super global traders from around the world.”
There is no evidence CoinsXtra is engaged in trading activity. There is also no evidence CoinsXtra is using external revenue of any kind to pay affiliate withdrawals.
Furthermore CoinsXtra’s business model fails the MLM Ponzi logic test.
If anyone was capable of legitimately generating 2% an hour on a consistent basis, they wouldn’t be offering it you for free.
There’d be no need to offer it anyone. Any balance compounded at 2% an hour soon turns into a fortune.
As it stands the only verifiable source of revenue entering CoinsXtra is new investment.
Using new investment to pay affiliates up to 2% an hour makes CoinsXtra a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve CoinsXtra of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.