If you are searching for the Coinmin reviews in order to find out either is Coinmin Limited a scam or a legit, what is Coinmin.io in real and so on, then you are absolutely in the right place because here, within our Coinmin review, you are going to find out the complete truth about Coinmin Limited. Actually, we have listed Coinmin.io within our Not Recommended category because it is a combination of two illegal schemes known as Ponzi and Pyramid. If this much information on Coinmin is enough for you and now instead of finding out more details on it, if you want to find out the real opportunities to make money online, then you can click this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, now let's begin with our Coinmin.io review as below in order to find out what is Coinmin in real.
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Coinmin login and join in link:- Coinmin.io (Not Recommended to join)
Coinmin Limited is a Ponzi Pyramid hybrid, a complete package of illegal and unsustainable schemes. Coinmin.io is confusing people by making them believe that they are investing in cryptocurrency trading and mining. However, in reality, they are not using the investment of members in cryptocurrency trading and mining, but just routing the investment between the members, means paying one member using the money invested by another member. So, they can't sustain for long run and they don't care about it because they are not here to stay for long time. They are only paying at starting to lure more investment from the people so that they can collect the lots of money and run with that. The majority of members will lose money in these kinds of companies. This is how every Ponzi schemes are operated and that is why Ponzi schemes are illegal. If you don't know what is Ponzi scheme, then you can find the details on Ponzi scheme by clicking this link:- newsonlineincome.com/ponzi-scheme/
Coinmin Limited is also a Pyramid scheme because it is offering referral commission up to 3 levels of referrals like MLM (Multi-Level Marketing) companies, but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, any company which pays referral commission up to multi level downlines without selling any real products or services, that company falls into an illegal scheme known as a Pyramid scheme. If you don't know what is Pyramid scheme, then you can find the details by clicking this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
Actually, none of the legit companies will offer to pay up to 0.52% hourly profit for lifetime because if some company can make that much profit in real, then in first place they will take a loan from a bank in much more lower rate, around 1% monthly than taking investment from several people and paying them up to 0.52% profit hourly. So, the business model of Coinmin doesn't make any sense and even they fail to provide any proof of their so called cryptocurrency mining and trading.
If you try to check the owner details of Coinmin Limited, you will not find out any real information about who and from where is operating the Coinmin. It is not surprise to see that they want to hide their owner details. After all who want to come upfront and show themselves if their intention is to scam people, right? They say that they are a registered company in the United Kingdom. But, it is not a big deal to register any company in UK Companies House because if you can pay 20 GBP, you can easily register company in UK Companies House for which even you no need to provide any real address, but just can rent an address from any virtual address services and use that address to register company in UK Companies House. In the past, tons of Ponzi schemes had already turned into scam which were showing such UK Companies House's document. So, it proves that having UK Companies House registration doesn't stop anyone to scam people.
Now, it is clear that Coinmin Limited is a combination of two illegal schemes with unclear owner details. So, we don't recommend it.
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