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Home » Reviews » Negative Reviews » Trade Coin Club Review – Digital Currency Scam?

Trade Coin Club Review – Digital Currency Scam?

March 7, 2017 //  by John

trade-coin-club-reviewWondering if this is another Bitcoin scam that’s trying to make money off of the hype it brought years ago?

Well I’m sure this Trade Coin Club review will give you all the information you need before you join something that you probably don’t know much about.

Besides someone telling you that you can make money if you join them and their “team”.

This very typical system has been getting a lot of hype recently and I thought I’d give my two cents on yet another make money using digital currency program.

When you see these “online opportunities” getting a lot of traffic and traction in a fast amount of time, it almost seems like they are offering something too good to be true.

In this review, I will be finding out what they are all about and what they are actually offering to their members so you can decide it this is legit or not.

Let’s get right into it.

Trade Coin Club Review


Name: Trade Coin Club

Website: www.tradecoinclub.com

Price: 0.015 BTC per month + other fees

Overall Rating: 1/5 stars

About Trade Coin Club


The website has been up since August 02, 2016 and there isn’t ANY way to find out who operates this site or where it’s been running from.

But what I do know is that their domain name has been registered privately. Whatever their intentions are for doing this, we do not know.

Most of their traffic is coming from the United States and Brazil, so maybe that’s where they are running their entire system from as well – Brazil.

There is absolutely no products to sell and market on Trade Coin Club, so if you’re looking to make money, you can market and sell the affiliate membership, but that’s about it.

Basic Overview


The affiliate membership is the compensation plan. This is what they focus on and this is what they are doing.

So basically you “invest” bitcoins into the system and get a certain amount ROI (Return On Investment) over time.

How Much Can You Invest?

  1. Apprentices can invest 0.25 to 0.99 BTC
  2. Traders can invest 1 to 4.99 BTC
  3. Senior Traders can invest 5 BTC+

Your Return On Investment:

  1. 0.35% daily over a period of 8 months
  2. 0.4% daily over a period of 12 months
  3. 0.45% daily over a period of 12 months

Keep In Mind

You are required to pay the company 25% of what you earned from your ROI every 4 months. WTF!?!?

They call this a “fee”, but I think that is highway robbery.

Compensation Plan


The compensation plan allows you to move up the ranks and this means more money can be invested so there’s more money for you to get back from your ROI, and the faster it is to make a profit – essentially.

A compensation plan basically means that you can recruit people into the system and they will be placed in a uni-level compensation structure.

All new affiliates you bring into the system will be placed under you, and all affiliates they bring in will be placed under them.

Do know that they are still in your downline and it actually carries on infinitely.

Everything You Get From The Compensation Plan

In addition to moving up the ranks, you can be sure to earn Bitcoins from your downline as well, taking into consideration that they become a paying member as well.

How much you can earn as an Apprentice, Trader, and Senior Trader…

Level 1 – All ranks gain 10% of total money invested

Level 2  – All ranks gain 3% of total money invested

Level 3 – All ranks gain 2% of total money invested

Level 4 – All ranks gain 1% of total money invested

Level 5-6 – Trader and Senior Trader gain 1% of total money invested

Level 7-8 – Senior Trader gains 1% of total money invested

What Does This Mean For You?

The more people you recruit, there’s a higher chance for you to make more money from your downline.

This results in residual income.

Things To Keep In Mind


Monthly Fee

In addition to the 4 month “fee” that you have to pay to the company (the money you gain from your ROI), you are also required to pay a monthly fee.

  1. Apprentices pay 0.015 BTC p/m
  2. Traders pay 0.03 BTC p/m
  3. Senior Traders pay 0.045 BTC p/m

Something Fishy

They operate with Bitcoins. So there is no other currency used on the website other than that.

I can take an easy guess why as well.

Bitcoins can’t be traced, meaning their intentions are to make as much money as possible, then run for the hills.

That’s my personal take on it anyway.

After reviewing these sorts of systems for so long, it’s not hard to spot the scams and they usually get shutdown in a couple of months after leaving the launch pad.

A Bunch Of Other Bulls**t

Of course, just like most of these systems, they offer bonuses such as:

A cruise ship holiday, BMW car, Lamborghini Huracan car, Rolex, just to name a few.

Again, this is nothing but a bunch of hype and of course they could afford if they get enough people to give into the overall scheme.

The Price


As an apprentice, you have to pay a monthly fee if you wish to market the affiliate membership.

This is minimum.

The 0.015 BTC monthly fee = $19.18 (always changes)

So the more you move up the ranks, the higher the monthly fee becomes.

And every 4 months, you are also required to pay the company 25% of what you earned from your ROI.

That’s your ENTIRE ROI, across your whole downline, not just 1 or 2 levels.

Pros and Cons


Pros

  • Cool looking website, but that’s about it

Cons

  • It has so many fees, and there’s no explanation as to WHY affiliates have to pay a fee every 4 months when they are already paying a monthly fee
  • Recruitment will die down, and so will your ROI/money earned. That’s with ALL of these systems. They all have the same concept
  • They are using Bitcoins so they don’t get tracked from the cops or the bank when they run off with everyone’s money

So is Trade Coin Club a Scam?


Things are going pretty well as of now, but this site will eventually crash causing everyone to panic and of course look for the next best thing

As legit as this site looks, it is really a big mash of every method that people are trying to use to make money online and not a single one of them are a sure bet.

Just like Crypto Mafia and Bitcoin4U, this site will come and go faster than we think.

They all use the hype that Bitcoin brought in 2008, but rather than investing in the actual coin, you are getting involved in some recruiting based program that pays the person who brought you in.

Nice try, but this is going on the do not join list.

Whether it’s a scam or not, I definitely don’t recommend you waste your money and most especially your most valuable asset, your time.

What I Recommend


I most definitely will not tell you to join any of these Bitcoin driven programs as they are not legit and are designed for the owners to make the money.

I know we all want to make money online, but please do know that it’s not going to happen by joining something that uses digital currency as its product.

Recruiting people is not a business either and if it takes you to join like I did to learn the hard way, then so be it.

At least I warned you.

Thanks for reading my Trade Coin Club review and hopefully you can be smarter than most.

Of course its members will promote this like it works and it is only to get you to join them so that they can make money.

Wash, rinse, repeat.

Please don’t be apart of that and do yourself a favor by not giving into the hype.

Thanks for reading!

 

Tired of Scams?

Click Here to Read More On My Top Recommended Program!

 

– John

A Work at Home Jobs

 

Category: Negative Reviews, Reviews

About John

Hey everyone, I'm John and I am the owner of this site. I have fallen for many scams, played the recruiting game, and lost thousands of dollars before finding something that actually works. With this site, I hope to save you time and money as there are too many gurus that care about nothing more than filling their pockets with YOUR hard earned money.

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Reader Interactions

Comments

  1. Emmanuel

    May 21, 2017 at 8:41 am

    This is a wonderful platform for cryptocurrency trade. This company consists of real people with weekly webnar on youtube everyweek. They are transparent and trustworthy. The coerporate office is based in Belize central America. You can check up their websites at http://www.tradecoinclub.com to learn more about their bitcoin trading plan.
    I strongly recommend them.

    Reply
  2. Nate Boyd

    May 2, 2017 at 11:39 am

    Interesting. I am an Adviser for a Sports Investment company. They definitely have a viable product! Let me know if you would like the company information.
    Thanks,
    Nate

    Reply
  3. Atif Zia

    April 16, 2017 at 5:27 am

    Welcome to TradeCoinClub
    It’s First Licensed Top 10 Digital Currency Auto Trading Platform! Provides good passive Profits daily between 0.5% to 1.8% Don’t need to have Any Trading Skill.

    Reply
    • John

      April 27, 2017 at 9:08 am

      Sure it does…how is it doing now?

      Reply
    • Brian Kitchens

      May 22, 2017 at 2:14 am

      Licensed by who?

      Reply

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