Upcoin Review – Legit Or Scam?

Have you been paying attention to all of the hype for Upcoin?

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 Upcoin – I want to give you an unbiased opinion.

Is it a scam? Can you trust Upcoin?

Read all about it in my Upcoin 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 Upcoin.

Let’s carry on.

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

What Can You Tell Me About Upcoin?

UpCoin is a new company that offers a micro BitCoin lottery alongside a micro pyramid scheme. The web domain (upcoin.com) was registered in November of 2016 with all details being set to private. The site itself provides no details about who owns or runs the company- information that is hard to come by even with the usual online research techniques.

Legitimate MLM companies will usually provide detailed information about the owners and admins so any potential investors can get a gauge of how things will be run and make an educated determination about the viability of what is being offered. Those that don’t provide these details, as is the case here with UpCoin, must be approached with a great deal of caution. It is vital that you thoroughly research any company that you are considering making an investment with.

Does Upcoin Offer Any Products?

UpCoin does not provide any products or services for its affiliates to sell to retail customers. Instead, affiliates are encouraged to market affiliate membership to new people.

What Kind Of Compensation Plan Does Upcoin Have?

UpCoin uses a binary compensation structure model to organize the recruitment commission payments. This structure is formed in the following way:

  • You, as a new affiliate, are placed in a position at the top of the structure.
  • Two new positions are created directly beneath you. These form the first level
  • A further two positions are created beneath each of those on the first level to form the second level.
  • This process continues for as many levels as are required.
  • There are 2 positions on the first level, 4 positions on the second level, 8 positions on the third, and so on.
  • Each of these positions are filled by both the direct and indirect recruitment of new affiliate members

To join the scheme you are required to pay a $1 membership fee. You will, in return, receive a 20 cent commission for every affiliate that you directly recruit, and 20 cents for every affiliate that is placed within your binary structure.

Lottery

Affiliates are also able to earn ‘up to 500 satoshi every 20 min’. This is done by visiting their website for twenty minutes, and in return you receive 500 satoshi- the equivalent of $0.005 US. You will also receive 30% of the payouts that are received by any affiliates that you have directly recruited to the company.

What Is The Cost Of Membership With Upcoin?

If you want to become an affiliate member with UpCoin, you are required to pay a membership fee of $1.

Should I Be Worried About A Upcoin Scam?

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

Is there a Upcoin 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 Upcoin

There are two elements being offered here by UpCoin- a recruitment driven pyramid scheme, and a lottery. Both aspects deal with very small payouts, so it would be surprising if this really appeals to many people because it involves a fair amount of time investment.

The lottery aspect sees affiliates earning about half a cent for every visit of 20 minutes to their website. To be able to earn just $1 through this method (including the 30% commission of that being earned by affiliates you have recruited) could require up to 200 visits to the site. This works out to making 20 minute visits to the site constantly for around 130 hours. This can be spread out over as much time as you like, but for $1 it’s hardly worth it at all. This, perhaps, could be a task you could program a bot to perform for you automatically, but even using this method seems like a lot of effort for very little reward.

Similarly the pyramid scheme side to the earning opportunity offers very low returns to affiliates. You earn 20 cents for every person you recruit, and a residual commission of 20 cents for every affiliate that is added to your binary team. With the $1 membership fee you will, therefore, need to recruit 5 new members to make your money back.

This pyramid structure means that the company will ultimately collapse in the same way that other pyramid schemes do. There are simply a finite number of potential members to recruit to the company, and when this limit is reached the influx of new people will significantly slow down. This will cut of the supply of cash to the company and affiliates will stop receiving payments. As the only source of revenue that the company receives is from the membership payments being made by new affiliates, there is no ulterior source that can support things when recruitment dries up, and the company will collapse soon after. If, when this happens, you haven’t made back your initial investment then you will lose out- a position that the vast majority of members will find themselves in.

Of course, all you stand to lose out on is $1, so it’s hardly a loss that’s going to hurt but neither will you be able to earn any decent return from being a part of this scheme, because the amounts are so low. It’s not entirely clear who UpCoin are targeting with this scheme. It isn’t promising large returns, and could simply be a data collection exercise for future launches.

The company is being extremely secretive about its ownership and about who is running things, and is offering a simple pyramid structure for affiliates to make returns. It’s a completely unsustainable model that will ultimately lead the company to collapse, so isn’t a safe investment at all. There are many other legitimate offering out there that are transparent about their company structure and offer products for sale to supplement company income. UpCoin has none of these, but the least impressive aspect to this company is the miniscule amounts that are on offer to earn. Your time would be far better spent focusing elsewhere.

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