On its website, Coinsxtra provides no information regarding who owns or operates the company. Coinsxtra’s website domain (“coinsxtra.com”) was registered for the first time in the year 2020. On May 17th, 2022, the private registration was last updated.
CoinsXtra provides a UK incorporation certificate for “CoinsXtra.com” in an attempt to sell the domain name in order to appear legitimate.
A search of Companies House confirms that there is no such company.
As always, if an MLM firm isn’t transparent about who runs or controls it, think twice before joining and/or turning over any money.
Products from CoinsXtra:
CoinsXtra does not offer any items or services for sale.
Only CoinsXtra affiliate membership can be promoted by affiliates.
CoinsXtra Compensation Plan:
For one week, invest $1,000 to $5,000 and make 2% each hour.
If you invest $10,000 or more, you will get 10% per day for 180 days.
If you spend $40,000 or more, you’ll get a 13 percent bonus every day for 90 days. CoinsXtra gives referral commissions on cash invested at three different levels: 7% for level 1 (affiliates personally recruited), 3% for level 2, and 2% for level 3.
Joining CoinsXtra is simple.L
The CoinsXtra affiliate program is completely free.
A minimum investment of $1000 is required to fully participate in the attached income opportunity. CoinsXtra accepts USD (through Payeer), bitcoin, litecoin, and ethereum as payment methods.
The Conclusion of CoinsXtra:
CoinsXtra claims to make profits through “super global traders from all over the world.”
There is no proof that CoinsXtra is involved in any type of trading. There’s also no proof that CoinsXtra pays affiliate withdrawals with any form of outside revenue. Furthermore, the business concept of CoinsXtra fails the MLM Ponzi logic test.
If someone could really generate 2% per hour on a constant basis, they wouldn’t be giving it to you for free.
It wouldn’t be necessary to give it to anyone. Any sum compounded at 2% every hour quickly becomes a fortune.
New investment is currently the only provable source of revenue in CoinsXtra.
CoinsXtra is a Ponzi scheme since it uses new investments to pay affiliates up to 2% every hour.
As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well.
As a result, CoinsXtra will be deprived of ROI revenue as a result, eventually collapsing. Ponzi schemes are mathematically guaranteed to lose money for the vast majority of their participants when they collapse.