Coins of Change Review – Huge Scam Or Legit System?

Coins of Change ReviewIf you’ve been paying attention lately, you’ll notice that Coins of Change has been getting a lot of hype.

Because it’s new, it’s getting a lot of buzz and if you’re in an online business, I am sure someone will push it on you at some point.

It’s especially popular on social media at the moment.

I do want to let you know that I am NOT affiliated with Coins of Change as a member or distributor.

My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my Coins of Change Review.

Is Coins of Change a legit business, or is it a complete scam?

Will I be able to build a business with it?

I tell you all about it in my Review of Coins of Change.

Read below to find out more.

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What Is Coins of Change?

On the Coins of Change website, you won’t find much of anything in regards to background info. There’s no mention of who owns the company, where it’s based out of, or anything of the sort.

The domain name for Coins of Change’s site is “coinsofchange.org”, and it was registered during the summer of last year on July 20, 2017. However, because the registration was done privately, it’s impossible to tell who the owner of the domain is or where the registration took place.

Another thing worth mentioning is that the name-servers used for the registration are “bitcoinsetupsite.com.”

I decided to visit the site, and after doing so, was met with something that looks identical to the website for Coins of Change.

Mike Hollen is the owner of Bitcoin Setup Site, and he appears to be residing in Iowa in the United States. Hollen seems to work for a company called “Pronto Web Services”, and this is a shell company based out of Panama. Hollen’s email that was used for the domain registration also shows ties to IsoMedia – a company that offers hosting services to other businesses.

Along with this, I also managed to track down an official Facebook group for Coins of Change. Edmond Lee, Jorge Raziel, and Domingo M. Silvas are all listed as admins for the group, suggesting that more than one person is running Coins of Change.

Coins of Change Scam

What Products Are Being Sold?

In regards to the product line Coins of change is offering, there’s not a whole lot to see.

No goods or services are being marketed to retail customers, and because of this, it’s impossible for there to be any retail sales activity.

The only thing affiliates can offer is the affiliate membership itself, and should someone choose to join this, they’ll be given access to Coins of Change’s “bitcoin e-book and video course”, along with a “Facebook e-commerce course.”

However, despite these two offerings, the main attraction to Coins of Change’s affiliate program is clearly the attached income opportunity.

Info On The Coins of Change Comp Plan

After joining Coins of Change, you’ll be asked to send gift payments of money to other affiliates within the company.

A two-tiered 3×5 matrix system is used to handle these payments, and you’ll start out by gifting $50. Once this payment has been made, you’re eligible to receive $40 payments from three other members.

This is the breakdown for Level 1, and the remaining levels work out as follows:

  • Level 2 — Affiliates gift $80 to earn $70 from nine other members
  • Level 3 — Affiliates gift $280 to earn $250 from twenty-seven other members
  • Level 4 — Affiliates gift $1000 to earn $900 from eighty-one other members
  • Level 5 — Affiliates gift $5400 to earn $4900 from two hundred and forty-three other members

Coins of Change also offers a “Gold State” after these first five levels, and it works in essential the same way except USD have been swapped out for bitcoin.

What Will It Cost Me To Join Coins of Change?

If you’re interested in joining Coins of Change, you’ll need to gift a bare minimum of $50.

To increase your earning potential with the compensation plan, you’ll have to gift $6810 and 10.3 BTC.

Any Truth To The Coins of Change Rumours?

Any time a new business opportunity launches, you will always hear rumours about them being scams – so is Coins of Change a scam?

From reading above, you might already be thinking Coins of Change is a scam.

So, is it?

Is there a Coins of Change scam, or is it legit?

To be honest, Coins of Change isn’t a scam.

However, there are some red flags to be worried about, which I discuss in the conclusion.

See my tips below for helping to make money.

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And Now, My Coins of Change Conclusion

Coins of Change is marketing itself as a “peer-to-peer crowd-funding” opportunity, but as we all know, “peer-to-peer” is just another way of saying “cash gifting.”

Cash gifting schemes are quite common in the MLM underbelly, and they’re usually bad news for most everyone involved.

The admins running Coins for Change will likely make a pretty penny, but the vast majority of other affiliates will lose out once all is said and done.

I hope you have gained value from my Coins of Change Review.

I have put all the details you need to know here, because all other reviews of Coins of Change have been fairly limited with details.

If you do decide to proceed with Coins of Change or any business, you’ll find my free training helpful – I will show you how to make money online.

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