Coinspace Review – Legit Or Scam?

CoinSpace ReviewRecently, Coinspace has been getting a lot of hype on the internet.

I have had people pitching this one to me on a near daily basis, in fact, and I have seen it making the rounds on social media as well.

I want to make it clear I am NOT promoting this business opportunity as an affiliate or distributor in any way.

I have done all my research in this Coinspace review do you can learn the honest truth and decide if it’s right for you.

Is Coinspace a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review of Coinspace.

Let’s get started.

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Seriously, What Is Coinspace?

In the case of CoinSpace, we’re dealing with yet another company that’s decide to provide as little background information as possible on their official website. This is a trend we’ve been seeing quite frequently in the MLM world, and to be quite honest, it’s a trend we’d like to stopped sooner rather than later.

Withholding this background info makes it difficult to get a good feel for a company, and it often makes the company in question appear quite illegitimate right off the bat.

When looking at the actual domain name for the company’s site, we can see that it was first registered way back on March 11th of last year – 2015. According to the registration, someone by the name of Danjel Pawl is listed to be the owner. Additionally, the registration provides an address for somewhere in Malta.

However, this is where the contradicting information begins.

The CoinSpace website provides an address as to where the company is physically located, but it’s different from the one that’s tied to the domain registration. There’s no explanation at all provided for why we have two addresses for CoinSpace, and it’s unlikely that we’ll ever get one.

As for Pawl, the name for this person doesn’t appear anywhere at all on the CoinSpace website. Pawl’s name only shows up in the domain registration, and once again, there’s no reason provided as to why this is. It certainly seems fishy to us, and that fishiness is only heightened with the fact that the company doesn’t provide any explanation for this at all.

coinspace-scam-post-image

What Products Does Coinspace Sell?

In regards to the product line that CoinSpace has set in place, there aren’t any actual products or services at all for the company to sell to retail customers. This is yet another trend we’ve been seeing in the MLM world, and this is one we’d like to see stopped even sooner than the act of leaving off background info from the official company website.

With no actual product line to speak of, the only thing that affiliates are able to market and sell to prospective investors is the membership itself for the affiliate program.

Once someone does decide to sign up to be an affiliate for CoinSpace, they’ll be given the option to invest in various packages that CoinSpace offers. These packages are necessary in order to participate in the MLM opportunity that the company is offering, and there are 6 different ones to choose from.

Each package comes with so many S-Coins, and S-Coins are the form of virtual currency that CoinSpace is running their entire company off of. Each S-Coin equals out to be worth about 0.5 EUR.

Info On The Coinspace Compensation Plan

However, these S-Coins don’t come cheap at all. The cheapest plan that’s offered, Minimum Mine, comes with 30 S-Coins and costs 300 EUR. The most expansive plan, the Double Mine one, comes with 2,000 S-Coins and costs affiliates a total of 12,000 EUR.

Once an affiliate decides to invest in the S-Coins, they’ll be eligible to earn a passive return on investment. In addition to this, even more cash can be earned through recruitment and residual commissions.

Something to keep in mind here is the fact that, when an affiliate decides to withdraw the money they’ve earned, 25% of it needs to be reinvested back into CoinSpace.

Recruitment Commissions

When an affiliate is able to recruit someone new to join the company, they’ll be eligible to earn a set commission. These commissions start out at 35 EUR and go all the way up to 1440 EUR. The actual amount that’s earned is entirely dependent on which package the new affiliate decides to invest in when they sign up.

Passive ROI

As we mentioned earlier, one of the biggest selling points for the CoinSpace affiliate program is the passive ROI that’s offered. These ROIs start out at 36.50 EUR each month for 12 total months, and go up to as much as 1,520 EUR each month for 24 months. Since these ROIs are passive, they won’t fluctuate up or down no matter what. While that might sound nice on the surface, it’s also something that’s frequently associated with Ponzi schemes.

Residual Commissions

In regards to the residual commissions that are offered, these are organized through a binary system. When an affiliate invests in one of the packages for S-Coins, so many points are generated. These points are used to fund the residual commissions, and investing more money into S-Coins will result in more points being generated.

How Much To Join Coinspace?

When it comes down to joining CoinSpace as an affiliate, you’ll need to invest into one of the 6 investment packages that the company offers. Those packages include the following –

  • Minimum Mine for 330 EUR
  • Basic Mine for 700 EUR
  • Quarter Mine for 1,500 EUR
  • Half Mine for 3,000 EUR
  • Full Mine for 6,000 EUR
  • Double Mine for 12,000 EUR

Seriously, Is Coinspace A Scam Or Is This Legit?

As I am sure you have heard with most business opportunities, there are a lot of scams on the internet, and Coinspace might be a scam with them.

Having read the review above, you might be wondering if Coinspace is legit or completely a scam.

So, is it a scam?

Is Coinspace a scam, or can you make a proper business with it?

Honestly, Coinspace isn’t a complete scam, but there are definitely some things to be aware of (see the conclusion section).

Whether you decide to join or not, you really need to master your marketing and lead generation.

This is the only way you will be successful.

See below for help with making money online.

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Here’s My Coinspace Final Thoughts!

The world of cryptocurrency is currently one of the most popular ones to launch an MLM company around. It creates for a rather easy theme to launch a company off of, but unfortunately, they are often used with schemes of some sort.

CoinSpace is selling the idea that a passive ROI can be earned off of investing in their S-Coins, but since the only money coming into the company is coming from investments of other affiliates, CoinSpace is using this money to pay off the ROIs and commissions that they owe. Since this is taking place, CoinSpace is quite clearly operating as a Ponzi scheme. It’s unfortunate, but it really shouldn’t come as much of a surprise.

CoinSpace is also using a strong element of pay-to-play, as higher commissions and ROIs are earned by investing more and more money into the company. Earning more money in a legitimate company should come as a result of strong performance, not your ability to throw more money into the company.

As we’ve seen with all other Ponzi schemes, CoinSpace will cease to exist once the levels of their recruitment and investment begins to slow to a crawl. Once this takes place, CoinSpace will run out of funds to pay off their affiliates, and the company will then begin to fall into an immediate collapse.

Once this takes place, the majority of people who’ve invested into the company will end up losing out.

Hopefully, you have enjoyed this Coinspace Review.

I wanted to give you this in-depth review because there have been plenty of other Coinspace reviews that don’t really give all the information you need.

If you do decide to join, I want you to be successful, so learn how to market yourself properly.

My FREE training below will help you market and earn money!

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