Searching for the Coins Mine review to find out either it is trustworthy or not? Well, we have tried to provide you the real picture of this website in the simplest way we can in the CoinsMine review below. Just go through our CoinsMine review to find what is CoinsMine.biz all about, whether a CoinsMine.biz scam or a genuine company.
Coins Mine is a scam company offering a Ponzi scheme. Let’s find out why in brief below:
# CoinsMine is offering a huge return such as 24% daily profit on the investment which seems quite higher for any business type. They are claiming that they are making a high rate of return from the investment they do from their affiliates’ investment money, so they can pay high profit to their affiliates. Really? Even the market experts can’t guarantee such a high return from the platform where they are claiming to invest. That is practically not possible. Another question is that what is the proof that they are actually investing their affiliates’ money in those fields?
# First of all, legit companies mostly have the option to take bank loan in much lower price i.e. less than 1% monthly or even lesser against their viable business, personal loan, or even loan against collateral than collecting fund from their affiliates in such a huge rate of return such as 24% daily profit and so on.
Secondly, even if we consider that they want to take the loan from their affiliates or collect money from them for any genuine reason, then they shall offer some reasonable rate of return (i.e. 1.5% or 2% monthly which is even higher than bank rate and logical as well) rather than some unrealistic return. We don’t think the bank will reject any feasible project for the investment as their major income depends on the return on investment (ROI). Do you find any logic in this type of scheme that offers so much of return in such a short span of time? Of course not, because we know that such offers can only be a part of the Ponzi schemes made by some fraud companies.
# These kinds of scam companies try to trick people by showing the legal company registration document. However, most of the time, either they show the registration document of another company or they register a company by providing the third party identities and fake address (the virtual address which they can rent from virtual address providers in certain countries). So, never fall into those registration documents. You must know the fact that none of the companies can survive by having legal registration if their business model is bogus.
# We want to make you aware that Ponzi schemes like CoinsMine pay their first few affiliates by routing the money among the affiliates i.e. they pay one’s money to the other and the other’s money to the third one but they hardly make any investments to multiply their affiliates money for the return. However, only a few people make money in Ponzi Schemes but the majority of people lose their money. So those who make money in Ponzi Schemes are the ones who get profit on the loss of other members who join after them, so it is like stealing money from other members to make money for yourself. So, Ponzi Schemes are declared as an illegal scheme by legal authorities as scamming innocent people is a major crime. And people shall be aware of such scammers who don’t care about anything but only the money. They use these payment proofs so as to attract more people in their bogus schemes. People also believe in such proof without doing any research and invest their hard-earned money in such Ponzi schemes and later get cheated.
# It also offers a referral commission up to two-level downlines without selling any products or services but just on the sales of its Ponzi investment plans which makes it another illegal scheme, known as a Pyramid scheme.
Our Final Verdict:
People these days are much eager to make easy money with lesser hard work and investment, thus seeking such way-outs where they can do so. But they mostly forget that there are so many scammers in the market who are looking for such people so as to trap them and earn money from them. Their business strategy is showing big dreams to them in terms of earnings and lifestyle. But instead of earning you will lose your hard-earned money, time, and your effort on such bogus schemes.
These scammers and their scam companies are more into the race to prove themselves genuine so as to deceit people but through our research and findings, we have observed that these companies always leave some loopholes which define them being a scam. There are thousands of Ponzi Schemes operating in the market and they have scammed millions of money from their affiliates.
Scammers of such companies knew that they are doing a criminal activity as it is crime to deceit people and some of them are also caught and punished by the legal authorities but still they are not hesitated to continue scamming people. People are also falling for such schemes and losing their money in the hope to get rich over the night. Now it’s high time that we shall know how to identify such scammers and how to stay away from them.
Considering all the above facts, we have concluded that CoinsMine is none other than one of the Ponzi-Pyramid Hybrid and we do not recommend this fake site for your online business.
If you don’t believe us, then we recommend you to cross-verify by yourself to find out if it’s a scam or a legit company by contacting with the legal authorities in your country. We really hope now you understand our review on what CoinsMine is all about and feel free to share something more you know about this company in our comment section below by providing your own CoinsMine.biz reviews.
Actually, there are and were many Ponzi schemes online such as Nastla, OkeyBitDeposit, Uxmon, CoinsHubCash, CryptoNodeLTD, Oilgenix, BritishFXFunds, F2PoolPro, LoanTechTop, HourlyMiner, BankofTron, CoinKBiz, LoneRobot, ComexTrades, Triple-Bitcoin, Kovrita, QualityInvest, EthmarketLLC, PassiveWallet, Midjobs, CryptoDevlopers, Alysdax, HashPro, Cryptengram, CryptoHarbor, BitMining, Gemneon, CrypTimeLive, BitStadium, Luxelite, Bitcoinvester, BitCrypWorld, Litenet, BTCJob, UnityInc, CoinGain, WealthyCrypto, GoldenTigers, CryptGlobe, and so on. So, stay away from any sites which show you easy money.
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