Is Trade Coin Club A Scam?
Product Name: Trade Coin Club
Price: 0.25 BTC and above ($2,909 and above)
Rating: 2.1 out of 10
Verdict: I recommend that you stay away from this program. The cryptocurrency is already hard to navigate as it is. This product just adds to the difficulty of moving into this industry, which is a shame because cryptocurrency trading has a lot of potential if done right.
Because of the mega-boom that Bitcoin has experienced this decade, the crypto industry has become one of the hottest industries to invest in. But because of the relatively new age of this industry, it is pretty volatile. That means that its ups can be just as bad as it downs which makes it an intimidating industry to tackle.
Another side effect that this crypto boom had is it created many copycat companies, all of which hoping to be the next big crypto craze, the next Bitcoin, really. The search for the next big crypto is still underway and there are plenty of contenders but the king remains to be Bitcoin.
But even with Bitcoin still being the king, that doesn’t mean that other cryptocurrencies are useless. There’s still a lot of use for these new cryptocurrencies. You can still make a lot of money from investing in new cryptos but it’s not a sure thing, so when a company claims that their crypto is 100% sure thing, you should know that they’re just trying to lure you into investing into their product.
With all that being said, now we turn our eyes to a new cryptocurrency system that is claiming to be the next big thing in the cryptocurrency industry. Its name is Trade Coin Club. Shall we begin?
What Is Trade Coin Club?
I will probably refer to Trade Coin Club as TCC many times in this article so heads up.
TCC identifies as a membership club that is all about cryptocurrency trading. It claims to guarantee its users daily earnings because they will be given access to their ‘proprietary system’ that can identify the best investment out of thousands of cryptocurrencies.
Many users assume that Trade Coin Club is going to have its own currency to promote but it does nothing like that. TCC is all about trading cryptocurrencies and ensuring returns. I must tell you though that this seems to be improbable. As I’ve said, this industry is volatile and anyone who claims to have found the secret is either lying or only after your money.
Before I can give out my judgment for this program, let us first look at the facts.
How Does Trade Coin Club Operate?
TCC claims to use a trading software that does thousands of microtransactions daily, each of which designed to beat the cryptomarket by using their home-brewed algorithm. Now, beyond this explanation is where it gets tricky because that’s all the explanations stop.
They appear to be purposely vague about how their system operates. This can either be they’re just secretive of their program or they don’t really have anything to show for. To be frank, I am leaning with the latter.
Apparently, in order for you to earn, you don’t even have to understand the way it operates. According to them, all you have to do is give them money and they’ll take care of the rest. Daily profits guaranteed, they said. Now, if that doesn’t ring any alarm bells to you, I don’t know what will.
Who Can Use Trade Coin Club?
TCC is designed for people who want to make money trading cryptocurrency. The problem is it does not function the way it’s supposed to. In fact, TCC does not appear to be trading cryptocurrency at all. If you dig in with their system, you will find absolutely no proof of any crypto trades from ever happening.
The fact that this company guarantees daily profits should sound the alarm because not one company can do that. Yes, even the biggest company you’d find can never claim ‘guaranteed daily profits.’ More and more, this company is looking like a giant Ponzi scheme.
How Much Is The Joining Fee?
TCC has 2 types of membership. The first is called the Apprentice level where you are required to invest between 0.25 BTC and 0.99 BTC. From this investment, TCC claims that you will earn 0.35% daily for 8 months. That’s daily guaranteed. Now, if you get that effective interest, that’s a whopping 231.3% interest rate, which means that you are guaranteed to double your money at the 6-month mark.
Their second membership type is called Trader Level where you are required to invest between 1 BTC and 4.99 BTC. From this type of investment, they claim to help you earn 0.4% daily for 12 months. This equates to a 429.34% increase in one year.
Their final membership is called Senior Trader which requires 5 BTC and 0.42% interest daily for 12 months. That’s a 462% increase in 1 year.
You won’t see these kinds of interest rates in any kind of investment systems, no matter how good it is. It is simply not sustainable. This makes me wary about the claims of this program. At the time of this writing, 1 BTC is $11,639.10. Are you willing to wager that amount on basically a lip-service?
To give you a better idea, let me share their compensation plan video.
Can You Make Money From Trade Coin Club?
Apart from their guaranteed interest rate for BTC investments, you can also make money from their referral program. Basically, you will earn a commission every time you successfully recruit a person to join the program from under you.
Their referral structure is a uni-level structure. This means that you will earn a percentage from your downlines depending on their levels. The further their level is, the lower your commission will be. It’s very similar to most of the MLM system you might be familiar with.
The Verdict – Is Trade Coin Club A Scam?
It probably is. There are just way too many red flags for me to ignore.
The fact that you can’t find no proof of any transactions from ever happening should tell you something. Another thing is you can’t seem to find the people behind this program. More often than not, you will see the founders of a program plastered all over their websites because they’re proud of their product. There’s nothing like that here.
TCC displays classic Ponzi scheme characteristics. It can actually pay people, but only the first joiners. After that, the payout would become harder and harder at each succeeding level. Basically, the way it works is the joining fee of Person C would get funneled to Person A, effectively giving the illusion of profit. Classic Ponzi scheme.
What I recommend is you stay away from this program. The cryptocurrency is already hard to navigate as it is. This product just adds to the difficulty of moving into this industry, which is a shame because cryptocurrency trading has a lot of potential if done right.
Alternatives To Cryptocurrency Trading
Now, I have nothing to recommend that would sound as radical as cryptocurrency trading. What I can recommend you is an industry that is probably as old as the internet itself, and one that works, too. It’s affiliate marketing. To learn more about this stable industry, check out my #1 recommendation here.