What is Coinpay.org.uk? Is Coinpay Scam or Legit?
Do you want to know about Coinpay.org.uk? You are reading absolutely right Coinpay review, we are going to answer of your various questions like, is Coinpay Scam? Or is Coinpay Legit? Or is Coinpay Real? Or is Coinpay Fake? There are various website like Coinpay working on the internet to help people to invest their static bitcoins with them and earned profits on daily basis. The Cryptocurrency Investment Market is the new and emerging market. Many people are ignorant about it. They do not know much about it and also the experts working in this field had few years of experience. If you are not interested in reading the full article then let us shorten your burden by giving the crux of the review. Coinpay is Not Recommended by us. It is working on ponzi scheme phenomenon. The ponzi scheme is used by unscrupulous people to cheat others. In ponzi scheme company pays to its old and existing members from the deposit made by the new members. Generally, company working like this accumulate immense amount of money from public and after paying initially they stop payments or do selective payments. Later on they run away with the public money without any responsibility.
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How does Coinpay works?
One thing we want to appreciate about Coinpay company is that it is different from other websites on one perspective i.e. it is paying 0.001BTC to its members on signing up it is around $18 something. Isn’t it great that you are receiving money even before investing any money or bitcoin? It is very hard to believe that any investment company is paying to its members before doing any investment.
The company has exciting investment plans to offer. They are:
- 2% daily interest for 35 days on minimum deposit of 0.0002BTC and maximum deposit of 2BTC.
- 3% daily interest for 50 days on minimum deposit of 0.2BTC and maximum deposit of 5BTC.
- 5% daily interest for 120 days on minimum deposit of 2BTC and no maximum limit
- 10% daily interest for 250days. This investment plan is of special one and therefore, they are no minimum and maximum limits.
The invest plans are no doubt very profitable and on the same side they are unsustainable also. In reality, for long term paying interest on daily basis is not viable for any business entity. Investment Company will always profit someone if they have long term sustainable plans. The company does not have such kind of plans. They are highly unstable to market risk. There is no way to provide sure profit but they are providing and that is also in volatile market like investment market.
The company also has 3 levels of referral programs. Referrals are used to increase website traffic by companies. They help in earning of revenue for company and commission for members. Therefore, referral strategy is the win-win situation for both company and member. Coinpay is offering 5-3-1% commission on every level respectively. The investment plans, sign up bonus and high commission of all of them together make company more non-reliable and unsustainable. Why we are talking about company sustainability? Since, company will going to invest members money on their behalf and if they are not earning any profit they are not going to pay its members. The plans offer by company does not have any plans to earn profit for it. Whatever they are claiming is bogus.
The Coinpay Company is registered on UK Companies Registration. They also provided their registration certificate on their website. The certificate shows that company is registered under the name: COINPAY LIMITED and company number: 8368895. To get registration in UK Companies any person has to pay just 20GBP to become an owner of a company. Previously in our Not Recommended list many website turned into scam and all of them were having a registration certificate from UK Companies. It is so may be due to the reason stated above. The crux of this argument is that the company proof to be genuine does not have very solid grounds. Therefore, their credibility as an Investment Company is still in limbo.
Coinpay Company is Not Recommended by us. They are trying to fooling people not only through lucrative investment plans but also with sign up bonus plan. Do not invest you money is such a company which is not able to sustain for long and also claiming everything bogusly.
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If you have any doubt regarding Coinpay then please feel to ask us by dropping your comment in the comment box.