CoinXL Review – Legit Or Scam?

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

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 CoinXL – I want to give you an unbiased opinion.

Is it a scam? Can you trust CoinXL?

Read all about it in my CoinXL 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 CoinXL.

Let’s carry on.

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What Can You Tell Me About CoinXL?

The CoinXL website doesn’t show any background info on the company, and this means that you won’t find a single mention for who owns CoinXL, where it’s being run out of, or when it was founded.

June 4, 2017 is the registration date for CoinXL’s site domain name, but since the domain was registered privately, it’s impossible to determine who the owner of it is or where they were when the registration took place.

Following more research and digging, I was able to learn that a man by the name of Brad Cook shows up on various marketing calls for the company. Brad Cook is apparently part of CoinXL’s “leadership” team, and in addition to this, the way he speaks suggests that he owns the company.

Unfortunately, I was not able to find Cook’s exact title within CoinXL.

Brad Cook was first spotted in the MLM world in 2014 when he was serving as the CEO for NexxStars — a Ponzi scheme that collapsed in under a year.

In addition to NexxStars, Cook also claims to have been a part of National Safety Associates, Enliven, and Smart Travel.

CoinXl Scam

Does CoinXL Offer Any Products?

In regards to CoinXL’s product line, you won’t find a single thing here.

CoinXL isn’t marketing or selling anything to retail customers, and as a result of this, affiliates for the company have nothing other than the affiliate membership to offer to potential new recruits.

This setup means that there’s a total lack of retail sales activity within CoinXL, and that’s usually a telling sign that you’re dealing with some sort of scheme or scam.

What Kind Of Compensation Plan Does CoinXL Have?

Moving over to the compensation plan, CoinXL affiliates spend their time investing bitcoin on the promise of being able to get a 1% daily ROI that’s paid out for a total of 150 days.

Affiliates can choose from a number of different investment levels, and they include —

  • L1 — Make an investment of 0.100175 BTC and then earn an ROI of 0.15 BTC
  • L3 — Make an investment of 0.300525 BTC and then earn an ROI of 0.45 BTC
  • L5 — Make an investment of 0.5000875 BTC and then earn an ROI of 0.75 BTC
  • XL1 — Make an investment of 1.0175 BTC and then earn an ROI of 1.5 BTC
  • XL2 — Make an investment of 2.035 BTC and then earn an ROI of 3 BTC
  • XL4 — Make an investment of 4.07 BTC and then earn an ROI of 6 BTC
  • XL5 — Make an investment of 5.0875 BTC and then earn an ROI of 7.5 BTC

Additionally, affiliates can also earn money through referral commissions.

Referral commissions are funded by money invested from affiliates you recruit into CoinXL, and this money gets paid out to members via a binary structure.

If you’d like to maximize your earnings with the offered referral commissions, you’ll need to invest at higher investment tiers.

What Is The Cost Of Membership With CoinXL?

Joining CoinXL as an affiliate will require you to make an investment between 0.100175 BTC and 5.0875 BTC.

Choosing to invest more money into CoinXL will allow you to earn more than affiliates that invest less.

Also worth noting is that affiliates can invest at the LL05 plan for 0.05000875 BTC. Investing at this level will allow you to earn referral commissions, but no daily ROI.

Should I Be Worried About A CoinXL Scam?

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

Is there a CoinXL 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 CoinXL

In the MLM underbelly, you’ll find a lot of companies offering you the opportunity to invest money, do nothing, and then earn a massive ROI.

This is essentially what CoinXL is bringing to the table, and as per the company’s website, it’s able to generated the offered ROI as follows:

“Now you can trade Bitcoin daily, 7 days a week, using CoinXL’s proven, proprietary cryptocurrency trading systems and algorithm. CoinXL offered a trusted, transparent method of trading Bitcoin through an automated trading platform.”

The only money evidently making its way into CoinXL is that of affiliate investments, and these funds are quite clearly being used to pay the ROIs and referral commission owed to other members.

As a result of all this, CoinXL turns into both a Ponzi and pyramid scheme.

Add all of this together with a link between Brad Cook and GladiaCoin (another MLM Ponzi scheme) and the fact that CoinXL is offering illegal securities to citizens in the United States, and you get a big pile of crap that you definitely don’t want to be a part of.

CoinXL will only be around as long as people continue to invest money in the company, and once this activity eventually dies off, so too will CoinXL as a whole.

Brad Cook and any other admins will earn the lion’s share of all the money that’s invested, whereas most all affiliates will lose out.

I hope you are finding the information in my CoinXL 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 CoinXL, 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 

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