What Is CoinJob? It's A 4% Daily ROI Ponzi Scheme!

What Is CoinJob? It’s A 4% Daily ROI Ponzi Scheme!

Welcome to my CoinJob review!

This Ponzi scheme promises a 4% daily ROI on Bitcoin investments. I know it sounds a lot of money, to think that 4% of a few hundred thousand dollars is still a thousand dollars.

But we’re going to uncover the mechanics behind this scheme and tell you why we think it’s a Ponzi scheme.

Today, we’re reviewing CoinJob.

First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.

That's the way to avoid scams and find the legitimate way to make money online!

Let me be completely transparent with you, I'm not associated with CoinJob in any form.

So, rest assured that I'm not here to pitch or sell anything to you.

Instead, I'm here to reveal what this Ponzi scheme is all about...

CoinJob Review Summary

Product Name:  CoinJob

Founder:  Not Disclosed

Product Type:  Cryptocurrency MLM

Price:  0.02 BTC minimum investment

Best For: No ONE!

What Is CoinJob Image Summary

Summary:  CoinJob is a cryptocurrency MLM company that's nothing more than a Ponzi Scheme. Everything about it is completely fake. There's no proof that trading or investments is done to generate revenue. Recruitment is the name of the game here. 

Rating: 1/100

Recommended: No!

More...

What is CoinJob?

CoinJob is a MLM or multi-level marketing company that operates in the cryptocurrency investment niche, specifically Bitcoin investment.

What Is CoinJob - Landing Page

What Is CoinJob - Landing Page

On their landing page, they provide no information on who owns or runs the company. All that we know is that they have a UK incorporation certificate on their website.

However, this doesn’t mean that they’re 100% legitimate. The incorporation was dated on June 30th, 2020 and corresponds to Coin Job LTD.

For the uninformed, it’s easy to get a UK incorporation, mostly because it’s cheap and it’s unregulated. That’s why it’s favored by a lot of scammers who want to put up a front.

In terms of MLM due-diligence, a UK incorporation means nothing.

The domain name was registered privately on June 4th 2020 and done under a private registration.

So whoever is running CoinJob doesn’t want to be found and to be liable for anything.

Based on Alexa data, three countries stand out in terms of where the traffic is coming from: Bangladesh, Vietnam, and Turkey.

We’re also thinking that the owner of the company might be from one of these countries.

CoinJob Product Line

Because this is a MLM company, they’re expected to have retail products or services to offer as part of their compensation plan.

However, CoinJob doesn’t have any of that. The only thing they have to offer is membership into the income opportunity.

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I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!

Does The Product Work?

CoinJob claims that it represents revenue via cryptocurrency trading. People invest money into BTC, CoinJob tades them, and the profit is cycled between CoinJob and the member.

According to CoinJob, they manage their investors’ funds in cryptocurrency exchanges and buying and selling them according to market trends to maximize profits and minimize risks.

However there’s no evidence that any of that is being done. There’s also no evidence that these external revenues are used to pay advertised returns.

There’s also the fact that CoinJob fails the Ponzi logic test.

I want you to think real hard about it.

If you’re the owner of CoinJob and the company was proven to be able to consistently generate 4% a day, what do they need members for?

A modest capital at 4% daily profits doesn’t take long to turn into a fortune, so as it stands, it’s not supposed to get people to join in. The business model doesn’t even need people to invest into the program, but rather pay their CoinJob’s people to do the investing for them.

But this isn’t happening. All that CoinJob is to generate income via new investments from new members. As long as people join CoinJob, then the company’s scheme will continue to thrive.

When the recruitment stops, the money stops coming in too. The company eventually collapses, and members won’t get their money back.

How To Make Money with CoinJob?

There’s only one way to make money from CoinJob and that’s through recruitment.

How To Get Started with CoinJob?

It’s free to join CoinJob, but in order to take advantage of their income opportunity, you need to invest a minimum of 0.002 BTC or roughly $26.21 (based on today’s conversion rate).

CoinJob Compensation Plan

CoinJob members invest a minimum of 0.002 BTC to enjoy the perpetual 4% daily ROI.

Then they also pay a referral commission paid out via a unilevel compensation structure.

The unilevel structure places the member (you) at the top of the team, with every personally recruited member placed under you. This will your Level 1.

When your level 1 members recruit people, these become your Level 2 and your members’ level 1.

When your level 2 members recruit people, they become your Level 3.

And this goes on infinitely.

And also, you’re someone else’s Level 1,2,3, and infinity.

Referral Commissions

CoinJob referral commissions cap out at 5 unilevel teams, paid out as percentage of Bitcoin invested across these levels:

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 2%
  • levels 3 to 5 – 1%

You can also increase your referral commissions up to six levels by qualifying as a Representative.

Representatives earn:

  • 8% on level 1
  • 2% on levels 2 and 3
  • 1% on levels 3 to 6

However they don’t list down the qualification criteria for CoinJob on their website.

CoinJob Ugly Truths Revealed!

#1 Fake Contact Information

On their LTD registration, they have an address listed at 67 Great Peter St, Westminster, London, United Kingdom, SW1P 2BU.

Our search led us to this random street with no office in site at all.

What Is CoinJob - Street Address

What Is CoinJob - Street Address

We’re pretty sure they just took one random address, made sure nothing’s there that could be used to verify their location, and went on from there.

We’re also sure that they’re lying through their teeth for everything else that’s listed on their LTD registration.

#2 No Proof That Trading Is Done!

There’s nothing that proves CoinJob is actually trading to generate profits. There’s nothing that indicates that there’s a trading software or system that exists that allows them to earn the so-called 4% profits.

Even if they were trading, which they aren’t, they’d need to registered with financial regulators to carry out transactions and investments in behalf of their customers.

#3 Obvious Ponzi Scheme

At the root of it all, recruitment is the name of the game. This makes CoinJob one obvious Ponzi scheme. The only way you can make money is by getting people to join the program.

What I Like About CoinJob?

There’s nothing to like about CoinJob. Everything about this program is complete BS.

Is CoinJob a Scam?

CoinJob is nothing more than a Ponzi scheme disguised as a MLM company running a MLM compensation structure. There’s nothing about the program that’s legitimate as far as we’re concerned.

  • There’s no proof that the company exists and operates where they are currently listed and registered.
  • There’s no proof that they’re doing trades or actual investing to generate income.
  • There’s no proof that they’re authorized financial activities in behalf of their members.

This program is a Ponzi scheme and nothing more. Avoid it at all costs.

Legit Ways To Make Money Online

How I Make a Living Online?

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

  • You don't have to recruit anyone to make money
  • You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
  • It's Free to get started

In fact, with affiliate marketing...

I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!

Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...


If you want to discover the secrets of how I did it at such a young age, click here!

Justin Hagen
 

Justin has worked as an SEO and content specialist for the last 9 years. His success in the industry has allowed him to graduate from college, pay for a wedding, and pay for their first car. He recently joined Jerry as a writer for the Smart Affiliate Success blog.

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