BankCoin Review – Legit Or Scam?

BankCoin ReviewHave you been paying attention to all of the hype for BankCoin?

If you told me someone had pitched the opportunity to you lately, this wouldn’t surprise me. It’s making all the rounds on social media lately.

Next, I want to tell you that I am neither an affiliate or distributor for BankCoin – I want to give you an unbiased opinion.

Is it a scam? Can you trust BankCoin?

Read all about it in my BankCoin review so you can learn the full truth!

Does it deliver on the promises in the marketing materials?

Let me explain in my review of BankCoin.

Let’s carry on.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What Can You Tell Me About BankCoin?

On the official BankCoin website, you won’t find any helpful background information of any sort. There’s no mention of who’s running the company, where in the world it’s located, when it was founded, or anything along these lines.

The domain name for BankCoin’s site was registered on August 15, 2017, and this is likely when the company first got started.

Unfortunately, seeing as how the registration details are kept private, there’s no way of seeing who the domain owner is or where the registration physically took place.

BankCoin Scam

Does BankCoin Offer Any Products?

On the product line side of things, BankCoin is equally disappointing.

The company doesn’t have any goods or services that are being sold to retail customers, and as such, there’s no chance for retail sales activity to take place.

This leaves affiliates with only the affiliate membership to offer to individuals looking for a new income opportunity, and in my experience, this is usually a telltale sign that you’re dealing with some sort of MLM underbelly scheme.

What Kind Of Compensation Plan Does BankCoin Have?

Moving along to the compensation plan, BankCoin affiliate are asked to buy BANK points from the company between 50 cents and $1.20 for each point.

After affiliates get their hands on these, they must then lend them back to the company so they can start earning on an ROI that’s paid out on the daily.

When affiliates choose to do this, the amount they earn is entirely dependent on how many BANK points they purchase.

The breakdown for this is as follows:

  • Affiliates invest $100 to $1000 to earn the ROI and 0.1% bonus for 210 days
  • Affiliates invest $1001 to $5000 to earn the ROI and 0.25% bonus for 150 days
  • Affiliates invest $5001 to $10,000 to earn the ROI and 0.35% bonus for 120 days
  • Affiliates invest $10,001 to $50,000 to earn the ROI and 0.4% bonus for 90 days
  • Affiliates invest $50,001 or more to earn the ROI and 0.45% bonus for 60 days

Along with this, members can also earn through referral commissions and investment plans.

Affiliates must invest a minimum of $50 in order to participate with the investment plans, and this include:

  • ROI of 105% after 7 days
  • ROI of 300% after 15 days
  • ROI of 900% after 30 days
  • ROI of 1575% after 45 days

What Is The Cost Of Membership With BankCoin?

If you’re interested in joining BankCoin, the affiliate membership itself is initially free to get started with. However, joining for free will limit you to earning on only referral commissions.

In order to earn on these and other parts of the compensation plan, you’ll have to make an investment of at least $50.

Should I Be Worried About A BankCoin Scam?

Every business opportunity on the web has good reviews and bad reviews – so is BankCoin really a scam?

Is there a BankCoin scam or is this business legit?

If I am being honest, I’d say it’s not really a scam, but there are some important points to be aware of.

Learning the business weaknesses and having a strong marketing strategy is what will make you successful.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Conclusion for BankCoin

On the BankCoin website, you’ll find the following copy:

“We strongly believe that there should be an efficient alternative to the existing payment and banking systems.

In other words, our blockchain-based payment system aims to lower financial inclusion obstacles and provide financial services for the banked and unbanked.”

A statement like this can sound promising at first, but as you look deeper and deeper into what’s actually being offered, the illusion starts to break down.

The lack of retail sales is never a good sign, and this results in affiliate investments being the only source of income for BankCoin. This results in newly invested funds being used to pay off ROI liabilities, and as such, BankCoin is nothing more than a Ponzi scheme.

As with all other Ponzi schemes, BankCoin will be no more once investments stop coming in. Most affiliates will lose out, the anonymous admin(s) will make off with the lion’s share of what’s invested, and there will be no more to it.

I hope you are finding the information in my BankCoin Review helpful?

Some of the other reviews I saw had very little details, so I am hoping I gave you everything you need here.

If you’re wanting to become a member of BankCoin, make sure you take the time to develop a marketing strategy.

And, my FREE training below will help you do that and make money!

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Speak Your Mind

*