Coinspace Review – Legit Or Scam?

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

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 CoinSpace – I want to give you an unbiased opinion.

Is it a scam? Can you trust CoinSpace?

Read all about it in my CoinSpace 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 CoinSpace.

Let’s carry on.

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

What Can You Tell Me About CoinSpace?

Right off the bat, we’re met with a concerning lack of information for CoinSpace. The company’s official website lacks any details that outline who is behind the company, and this is something that always tends to be associated with a scheme of some sort.

That may seem like a big assumption to make right off the bat, but can you honestly think of any legitimate company that isn’t upfront with who is running or managing said hypothetical business? We didn’t think so.

If we do a bit more research into the website itself, we can find that CoinSpace’s domain name was first registered back on March 11th of last year – 2015. The domain appears to have been registered somewhere in the country of Malta, and the name Danjel Pawl is also tied with it.

Pawl’s name is nowhere to be found on the actual website for CoinSpace, but that’s not even the most curious aspect here.

An address in Malta is listed on the website for CoinSpace, but it’s entirely different from the address that’s tied with the registration for the site’s domain name. We weren’t able to figure out as to why this is a thing, but we know for sure that we don’t like it.

CoinSpace Scam

Does CoinSpace Offer Any Products?

Another bit of bad news comes with CoinSpace’s product line, or rather the lack thereof. Along with no visible face behind a company, the lack of a product line also raises some pretty big alarm bells.

It’s not a good situation and reminds me of the situation with YoCoin which is similar.

Product lines are important in the sense that they allow outside money to come into the company through retail sales. When there isn’t a product line to speak of, any money coming into the company is funded solely from affiliates that exist within said company.

However, once an affiliate joins CoinSpace, they are granted with the chance to invest in 6 different packages that CoinSpace offers to them.

These packages are necessary in order to be eligible to earn commissions through the company, and each one is also bundled with a certain amount of S-Coin points.

The lowest package to invest in is called the Minimum Mine, and comes with 30 S-Coins. The highest package, Double Min, comes included with 2000 S-Coin points.

As for the actual value of these points, CoinSpace claims that they are currently valued at 0.5 EUR per S-Coin.

What Kind Of Compensation Plan Does CoinSpace Have?

You know those 6 different packages that we mentioned? You’ll need to purchase one of those if you want to get involved with the compensation plan that’s being offered. Here’s how the cost of each plan breaks down –

  • The lowest level, Minimum Mine, requires an investment of 300 EUR.
  • Basic Mine, the next tier, costs 700 EUR.
  • Moving up to Quarter Mine will require a payment of 1500 EUR.
  • Half Mine is the next highest package, and that’ll run affiliates 3000 EUR.
  • The Full Mine is the second highest package, and this will require an investment of 6000 EUR.
  • Double Mine is the most expensive package, coming at a meager 12,000 EUR.

CoinSpace pays affiliates through a number of different methods, including a passive return on investment that’s paid on a monthly basis, commissions when new affiliates are enlisted, and residual commissions that are paid through the use of a unilevel system.

However, there’s a very important factor to be considered here. An affiliate is only able to profit from 75% of the commissions and ROIs that they earn through CoinSpace. That other 25% are required to be reinvested right back into the company.

Recruitment Commissions

The first way that an affiliate can earn money is by recruiting new affiliates to join and purchase one of the available packages that are up for grabs.

The amount of the commission that the recruiting affiliate will earn is based off of which package that the new member invests in. Starting at Minimum Mine and going up to Double Mine, recruiting affiliate can earn 35 EUR, 84 EUR, 180 EUR, 360 EUR, 720 EUR, or 1440 EUR.

Passive ROI

In addition to the recruitment-based commissions, affiliates can also make money through the act of passive returns on investment. These ROIs work out as follows –

  • Minimum Mine affiliates will earn a commission of 36.50 EUR/month for 12 total months.
  • Basic Mine affiliates will earn a commission of 84 EUR/month for 12 total months.
  • Quarter Mine affiliates will earn a commission of 182.50 EUR/month for 12 total months.
  • Half Mine affiliates will earn a commission of 365 EUR/month for 12 total months.
  • Full Mine affiliates will earn a commission of 730 EUR/month for 12 total months.
  • Double Mine affiliates will earn a commission of 1520 EUR/month for 12 total months.

Residual Commissions

When it comes to residual commissions, CoinSpace sees that these are paid out through a tried and true binary system.

With a binary system, the process is started out by having one single affiliate positioned at the very top. From here, the team is split into two different sides (with one affiliate on either side).

Further levels are made through this same act of splitting the previous level position into an additional two spots for every individual affiliate.

The amount that’s being invested into the company is tracked through both halves of this binary system, and each of the 6 CoinSpace packages generates a set amount of points. Minimum Mine generates just 50 points, but Double Mine generates a total of 2000 points.

Each and every week, CoinSpace tracks how much volume is being generated through each of the teams. An affiliate in these teams sees a payment of 50% of the total amount that’s being generated within the weaker of the two teams.

The commissions in this binary setup are paid out on a weekly basis, and depending on the rank an affiliate has, the weekly cap will be different.

CoinSpace Compensation Plan

Matching Bonus, S-Coin Bonus, and World Pool

CoinSpace offers 3 different bonus opportunities for their affiliates to get in on, and these can be obtained through recruiting affiliates and getting them to invest in S-Coin points.

What Is The Cost Of Membership With CoinSpace?

If you want to join CoinSpace and get involved with the available commissions, you’ll need to invest into one of the 6 different packages that we previously outlined above.

One additional thing worth mentioning is that Double Mine packages will be active for 2 years. The other 5 packages will only be good for 1 year.

The main distinction between the different packages that are offered is tied directly to how much money you have the potential to earn. Investing in a higher package will award you with a greater opportunity to potentially earn more money.

Should I Be Worried About A CoinSpace Scam?

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

Is there a Coinspace 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.

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Conclusion for CoinSpace

The world of cryptocurrency is still relatively new, but it’s already incredibly earn for anyone to create their own form of it and make it look rather legit. CoinSpace’s S-Coin looks like a legitimate form of cryptocurrency on the surface, but the company is simply using that to hide their true identity.

And, as if it wasn’t already obvious enough, that true identity is that of both a Ponzi and pyramid scheme.

The Ponzi aspect comes into play with the lack of a product line. The only money being invested into the company is coming from the various packages the company offers. These packages can only be bought by affiliates, so when it comes time to pay those passive ROIs, they are being funded by money from other affiliates.

As for the pyramid scheme, CoinSpace is quite obviously rewarding affiliates to enlist new individuals to invest their own money into the company.

The whole S-Coin part of the business is neither here nor there. While CoinSpace may talk up S-Coins as being a legitimate form of cryptocurrency, no one outside of the CoinSpace arena is using them. And with that said, the only time anyone in CoinSpace is going to use them is when they go to withdraw the funds they have supposedly earned.

This is a Ponzi scheme after all, so the life of CoinSpace is dependent on money constantly being invested into it. When new affiliates top signing up and new investments cease to exist, CoinSpace will be looking at a rather immediate collapse of the whole operation.

As for the location of the CoinSpace, Malta is really a country that’s known for having right regulations and restrictions when it comes to these types of schemes. So, when that collapse does happen, whoever is running CoinSpace won’t have any trouble at all making off with their cash.

I hope you are finding the information in my Coinspace 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 Coinspace, make sure you take the time to develop a marketing strategy.

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

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