Coin Trading provides no information on its website about who owns or runs the company.
Coin Trading claims it’s “a UK registered company”, and provides a basic UK incorporation number.
This number correspond with CointTrading LTD, which was incorporated on July 1st, 2020.
UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
Coin Trading’s website domain (“cointrading.biz”) was privately registered on June 30th, 2020.
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.
Coin Trading’s Products
Coin Trading has no retailable products or services, with affiliates only able to market Coin Trading affiliate membership itself.
Coin Trading’s Compensation Plan
Coin Trading affiliates invest cryptocurrency or more on the promise of a perpetual 3.6% daily ROI.
Referral commissions on invested cryptocurrency is paid down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1%
Representative ranked affiliates are paid increased referral commission rates as follows:
- level 1 – 10%
- level 2 – 4%
- level 3 – 2%
Coin Trading does not provide Representative qualification criteria.
Joining Coin Trading
Coin Trading affiliate membership is free.
Full participation in the attached income opportunity however requires investment.
Cryptocurrency variants supported by Coin Trading include bitcoin, ethereum, bitcoin cash, litecoin, dodgecoin [sic] and dash.
Coin Trading represents it generates external ROI revenue via “managed crypto trading”.
No evidence of trading is provided. Nor is there any evidence Coin Trading generates external revenue from another source.
As it stands the only verifiable source of revenue entering Coin Trading is new invetment.
Using new investment to pay affiliates a daily ROI makes Coin Trading a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment runs dry so too will new investment.
This will starve Coin Trading of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.