Welcome to my CoinJob review, where I dwell in depth about this new investment company that returns 4% daily forever.
If it sounds too good to be true, it probably is.
I’m glad your scam detection radar is on high alert, and you’re trying to find out more about this seemingly legitimate company, before investing any of your hard-earned money with them.
Here I will show you why you should steer clear of it.
All the evidence point towards an illegal Ponzi scheme, despite it trying to appear credible on its website. Ready to uncover its hidden secrets?
Without further ado, let’s dive right in now!
CoinJob Review Summary
Product type: investment company
Price: free to join
Rating: 1 out of 5
Scam / Legit? : I wouldn’t exactly call it a scam, but you need to understand the dangers involved here.
Recommended or not? : NOT recommended
CoinJob.biz is portrayed as a cryptocurrency investment company, but its operating model has a striking resemblance to a Ponzi scheme instead. Its promised returns are out of this world. Be prepared to lose all the money you put in when it crashes, so invest only what you can afford to lose.
What is CoinJob
To find out what is CoinJob, let us first take a look at its website:
So it specializes in cryptocurrency trading. Its experts will do their job of investing, and the company then shares its revenue with investors.
This allows even people without any investment knowledge to earn, simply by putting money with the company.
Though it sounds like a good idea that can possibly work, and it even has a certificate of incorporation of a private limited company to show, I have my doubts about it.
Red Flags in CoinJob.biz
Let me now walk you through my points of suspicion, starting with the exact thing that CoinJob is using to assert its credibility with – its certificate of incorporation.
1. False sense of credibility
Since CoinJob.biz is an investment and trading company, it would have to be registered with the financial authority of the country that it is in.
In the case of UK, that will be the FCA (Financial Conduct Authority).
What CoinJob.biz should have shown, if anything, is the authorization by the FCA to operate as an investment firm.
That would have been the most relevant to its business.
Instead, it simply shows its certificate of incorporation, which in fact amounts to nothing, only because anyone can set up a private limited company anywhere with relative ease.
Being incorporated does not make them legitimate as an investment entity at all.
I could have applied for one, too, if I had wanted to.
So the mere act of showing the certificate of incorporation on its homepage leads me to conclude that they are trying to mislead their website visitors into trusting their credibility.
2. Too brand new
The website domain of CoinJob.biz was very newly registered in June 2020.
That makes it barely 3 months old, at the time of this writing.
I’m not sure about you, but I wouldn’t put my bet on such a brand new company, when it comes to investing my savings or hard-earned money.
There are many established trading companies and brokers around who have way longer and trustworthy track records than this.
We have no idea how honest and upright CoinJob is in dealing with its clients’ finances.
The only thing that makes them stand out is their very high ROI (returns on investment), which is in fact my next point of contention.
3. Returns on investment are too high
This is the only investment plan offered by CoinJob.biz:
4% daily returns forever is unheard of.
Nobody in their right mind will offer this for real.
If you do the math, a $30 investment will make you a billionaire in a few years.
If these so-called experts can really make this kind of returns, they do not need your money. They simply re-invest their own profits, and they would have been able to retire into a luxurious lifestyle long ago.
So if you ask me, I do not trust CoinJob.biz at all.
How CoinJob.biz Works Exactly
How exactly does CoinJob work, then, if the 4% daily returns will never be actualized?
Well, my sensing is that it is a Ponzi scheme.
Its “experts” are not really trading in cryptocurrency, or engaging in any form of investment on your behalf. They are not even authorized to do that.
The only form of income to the company is when new investors put down their hard-earned money.
This money is used to pay earlier investors their daily 4% returns.
Hence the money simply goes from one person’s pockets to another, and of course some to these people behind CoinJob.biz.
This is dishonest and unethical.
At the crux of the whole Ponzi scheme is the fact that at any one time, majority of “investors” are losing money.
When you invest, you are relying on new investors showing up, in order to get paid. And when one person profits out of this, many others have to lose.
That is how the mathematics works out.
When the scheme reaches saturation (everyone who will possibly join has already joined), and no new investors enter the game, the entire program will collapse.
Majority will be left stranded.
You do not want to be caught in the midst of it when that happens, for it can get ugly, depending on how much money you had put in.
To round up this article, let me recap and summarize the pros and cons, before I finally make my conclusion.
Pros of CoinJob
1. Possible to make money
As with any Ponzi scheme, it is possible for early investors to make some money, if these guys are good at marketing the program.
But remember, even if you do make money, that comes out of the pockets of many other ignorant and innocent victims who had been misled by the ill intent of CoinJob. That money could have been what they needed to put food on the table for their families.
Should you really decide to do this, NEVER use money that you cannot afford to lose.
Cons of CoinJob
1. Ponzi schemes are illegal
The people behind Ponzi schemes create enticing programs to bait their victims, with promised returns that they would never be able to fulfill.
Frequently, they go as far as talking investors into borrowing money from family, friends, or even banks, with the lures of even higher returns on higher principal sums.
It can destroy lives. Do not let this happen to you.
2. Majority of people lose money
Without the company generating any real revenue, when one person profits from the CoinJob investment plan, many others have to lose. For them to make their money back and more, they have to wait for new investors to join the scheme, who would in turn start out by losing money.
So at any one time when you inspect the financial standing of all the investors, majority are losing.
This type of scheme cannot be good for anyone, except the creators of the scheme and a handful of early investors. They will be the ones laughing their way to the banks, that’s for sure.
Is CoinJob.biz Scam or Legit?
Well, I wouldn’t exactly call it a scam, because there are people who will make money if they follow the creators of such Ponzi schemes with some loyalty.
All I can say is – if you are not within their inner circle, then please just stay away from such schemes. It will do you lots more harm than good.
I know you want to be rich. Believe me, I do too.
It’s a very natural thing, that’s just human nature. I mean, find me someone who doesn’t want to get rich fast, and with minimum effort.
I wasn’t spared of all the temptations on the internet, hopping from one shiny object to the next.
But when I realized those empty promises are only going to make other people rich, and not me, I stopped looking for shiny objects.
I found a dull-looking one, but I knew in my heart that is the real deal. And from then on, I have never looked back.
An honest, down-to-earth method that will get you there. It’s not going to be easy, but it will get you there.
Versus the fast and easy way to empty your pockets and get you nowhere.
Which would you choose?
I think I can guess your choice. 🙂
So now, let me extend my humble invitation for you to join me on this online journey.
I am now working full time from home, growing my internet business, and making an online income. I started from scratch with zero knowledge in this area.
You can do this too.
Here’s a peek into my daily earnings:
That’s $350 in a day. Nothing to boast about, as it is still far from reaching its full potential. I just wanted to show you the vast possibilities here.
Check out this training platform that provides all the resources, tools, along with an entire community of aspiring as well as already successful online income earners:
This real deal does not promise instant results.
Instead, it provides the knowledge and lifelong skills required to grow a successful online business that will sustain itself in the long run.
And for reading all the way to the end of the post, I believe you have it in you to make this work. Here is your FREE PDF Guide: 4 Simple Steps to Making Money Online. Fill in your details to claim it:
If you have any concerns or questions regarding this CoinJob review, do comment below, and we will start a conversation from there.