What is Coine.biz? Is Coin-e Scam or Legit?
On the internet, there are many websites that offer the people a platform to invest their money. Coine.biz. is one of the websites that allow people to invest in their company. There must some doubts in your mind about this website. Doubts like, is Coin-e. biz Scam? Or is Coine. biz Legit? Or is Coin-e. biz Fake? Or is Coine. biz Real? These questions are very genuine. If you really have such doubts it means you are a wise person. In this Coin-e. biz review, we will clear all your doubts. As aforementioned, Coin-e. biz is an Investment Company. They are basically saying that you invest your money in their Investment Plans and they will provide you interest on them. The interests that offer by the company are very lucrative. If you are not interested in reading the full review, we can provide you the crux of it. Coine. biz is “Not Recommended” by us. This company is working on 2 illegal schemes i.e. Ponzi Scheme and Hybrid Pyramid Scheme.
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How does Coin-e. biz work?
Since Coin-e. biz is an Investment Company. They have different investment plans to offer. Their investment plans interest rates range from 10% hourly interest rate for 20hours to 200% interest rate after one hour. As we have already mentioned, the company investment rates are really very lucrative. They just want people to think only about the return and not about ‘HOW’ it can happen. In the real world, or in the real financial world, paying 200% interest rate after 1 hour, for sure is impossible. It’s cannot be achievable. The interest rates of Coin-e. biz website makes it company highly un0-sustainable.
The company does not have any plan to earn revenue other than the investment made by the members. But they are paying. They are paying to its old members from the money invested by the new members and this is how a Ponzi Scheme works.
The affiliate programs are used to increase the traffic and the members of the website. Genuine companies pay commission to the people on the real product or services they help to sell. But Coin-e. biz is paying commission without selling a real product or services which makes it another illegal program i.e. Hybrid Pyramid Scheme. Coin-e. biz is offering 1 levels affiliate programs with commission rate of 10%. This makes the company non-reliable from the investment point of view.
The company had hidden or guarded their information in WHOIS records. By this, is clear that company is hiding intentionally. They are hiding because they are not a good people. The people working on this website could have the link to the other or previous scam websites. There is no mention of the owner of Coin-e. biz website. They had not declared any name of their professionals. It is not possible that a company can work without owner and personals. It simply means that the people operating Coin-e. biz website are not good. Coin-e. biz Company did not show a quantum of transparency. This degrades their credibility.
The proof of the legitimacy of the Coin-e. biz website is solely based on the registration certificate shown by them. The company is registered under the company name: coni-e-biz ENTERPRISE LTD and the company no: 07064168. But the certificate they have shown does not carry the under which name company is registered or what is the company number. There is a possibility that they have just copied the certificate. It simply means their proof of legitimacy is fake. It concludes that the company claims to be a registered company is fake.
Coin-e. biz is Not Recommended by us. It is working on two illegal scheme and it has no credibility as well as legitimacy. The details had already discussed in above paragraphs. We have just provided our opinion. Readers are free to take their call to invest on this website or not. We just want you to consider the discussed points before investing in any company.
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If you any question in mind about Coin-e. biz please feel free to share it with us. You can drop your question in the comment box.