What Is CoinXtract? It’s A 30-Day ROI Ponzi Scheme!

CoinXtract is a MLM or multi-level marketing company that runs a recruitment-based program on top of a ROI income opportunity scheme. 

They claim that the daily ROI comes from trading efforts made by the company, however they don’t mention how this actually works. 

On their website, you won’t find any information about who the real owners are. But if you go to their History page, you’ll see two names, Rand Fishkin and Gillian Muessig. 

These are real people but are in no way connected to CoinXtract. They probably don’t know that they’re being used as founders for a possible Ponzi scheme. 

Their domain registration doesn’t provide much information either. The domain was first registered in 2016, but was renewed in August 2020. This was probably the time when the company started their operations. 

Another stupid thing we found on their website is their Partners. They mentioned cryptocurrency as their partners, which is idiotic because you can’t partner with “A CRYPTOCURRENCY”. 

CoinXtract Product Line

CoinXtract has no retail products or services to offer. Rather their income opportunity is reliant on new member investments in the guise of recruitment. 

Does The Product Work?

CoinXtract is just one of those basic Ponzi schemes that’s all hype and no bite. Their income opportunity provides ROI or return on investments. Investments constitute passive income, which means they provide securities offering. 

They need to be registered with regulatory agencies in order to carry out these activities, but there’s no proof that they’re registered. 

That means on top of operating a Ponzi scheme, they are also committing securities fraud, which is a very serious crime. 

As it stands, the only source of income is through new member recruitment. If the recruitment stops, the money stops coming in too. This will cause the company to collapse and they’ll probably rebrand.

There’s only one way to make money from CoinXtract and that’s through new member recruitment. They claim they can generate ROI but there’s no proof of that. 

How To Get Started with CoinXtract?

The minimum cost of investment is $100 worth of cryptocurrency. This will allow you to take part in their compensation plan, which we’ll explain below.

CoinXtract Compensation Plan

CoinXtract’s compensation plan only has two parts: ROI commissions and recruitment commissions. 

ROI Commissions

Once you invest a minimum of $100, you’ll qualify to participate in the ROI part of the compensation plan. 

You’re promised a minimum daily ROI of 2.5% for $100, which means that your daily ROI rate could go higher if you invest more. But that’s not mentioned in the compensation plan. 

You’ll earn this ROI in 15 days, but you won’t be able to withdraw just yet. You have to wait 15 days before you can withdraw your earnings if you want to do that. You can also reinvest after you get 15 days. 

To put it simply, you need to wait 30 days before you can get your money back. 

Recruitment Commissions

Recruitment commissions only follow a 1-level compensation plan structure. All of your personal recruits are placed under you. 

CoinXtract will pay you 10% of the investments made by your personally recruited members. 

If your member invests $1,000, you get $100 one-time fee. 

The company lacks some information on how the recruitment commission works too. It doesn’t explain whether or not you get paid for reinvestments for your personally recruited members. 

Other than that, that’s all there is to it with their compensation plan.

#1 Recruitment-Based Ponzi Scheme!

Like we said earlier, this is a recruitment-based Ponzi scheme because the only source of income is through recruitment. You have to recruit people if you want to make your money back. That’s also a big question mark on the part of “getting your money back”.

Most likely, you’re not getting your $100 back. The reason they have you locked on for 15 days before you can withdraw your profits is that it’s parts of their exit strategy. An exit strategy is done by Ponzi schemes when there’s no more money to generate from their victims. They’ll shut down the company and make excuses about why people will not be able to withdraw. 

#2 Securities Fraud!

Their income opportunity constitutes securities fraud, which is a serious crime anywhere in the world. Promising daily ROI was the giveaway for securities fraud. They need to be registered with the likes of SEC (Securities and Exchange Commission) to carry out these activities. 

#3 Business Model Does Not Make Sense!

Their income opportunity is about passive ROI, but how exactly do they generate ROI? They don’t have a trading platform or trading AI as marketed. Even if they do have a proprietary something to help them generate 2.5% daily ROI, why would they even allow people to take part in the program for $100? 

Why aren’t they taking a cut out of the ROI’s from their members? This profit would allow them to sustain the business, if it was legitimate.

There’s nothing to like about CoinXtract. It’s just one big Ponzi scheme. 

CoinXtract is just your ordinary Ponzi scheme and it doesn’t even try hard to not look like one. The income opportunity is the biggest giveaway because of two things: securities fraud and recruitment. 

Recruitment is the main source of income for the company, and there’s no proof that they’re generating external revenue outside of investments. 

Securities fraud is also one big concern because they offer passive income opportunity. They need to be registered with financial regulatory agencies before they can carry out these activities. 

Stay away from this program.

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...