CoinBot claims to provide investments related to cryptocurrency trading, exchanges, and AI arbitrage technology, which are supposedly run by the company’s experts.
It attempts to create a risk-minimal passive income opportunity that allows people to enjoy optimal investments without risking much. According to the official website, people who buy into the CoinBot concept get to enjoy passive income. Here is a clip.
“We work towards creating a passive income by intelligent investment. We look forward to you being part of our community.”
Can you trust that the company can deliver the advertised portfolios? Before you decide, check out the execs’ info as provided on the site.
Who Runs the Company?
Although the site has a section for Team Information, it ends up offering zero details of who makes up this team.
If you open the team info cache, you only see a rote evasive response that looks like it might have been clipped from a template. Other entries that come after the introductory line merely reference it.
The only thing to glean from this is that the execs (if there is any reputable profile on the team) choose to be anonymous. Yet, here they are offering AI and arbitrage technology.
Also, none of the lengthy riffs on arbitrage tech offers anything substantial. In fact, CoinBot immediately devolves into an affiliate plus referral recruitment portal.
CoinBot shows that the office can be contacted at 315 Madison Avenue, Manhattan, New York. Whether this is the head of operations or merely a placeholder address is unclear. The choice of office location doesn’t quite give that pro-crypto impression — 315 Madison is a popular fashion street.
However, the aspect that really needs some clarification is the anonymous execs, so-called arbitrage technology, affiliate program, and AI. Does CoinBot have any AI? That’s highly unlikely, considering that the company has no verifiable digital footprints.
We explain important aspects of CoinBot, its affiliate program, how it works, and subsequently, a verdict. See below for more details.
CoinBot doesn’t have any specific service it sells to customers. Instead, it provides tiered memberships, which would generate returns at the end of the corresponding investment period. This pattern is consistent with MLMs, as our CoinBot Review shows.
CoinBot Review | Affiliate Compensation Plan
Right off the jump, CoinBot affiliates are introduced to five (5) tiers of investment packages. Here are the available tiers and the applicable pricing.
Platinum (sells for $5001-$20000.00) — generates six percent (6%) as a daily return for one hundred and eighty (180) days, which amounts to one thousand eighty percent (1080%) ROI plus capital
Gold (sells for $1001.00-$5000.00) — generates five percent (5%) as a daily return for one hundred and twenty (120) days, which amounts to six-hundred percent (600%) ROI plus the capital.
Silver (sells for $501.00-$1000.00) — generates four percent (4%) as a daily return for sixty (60) days, which amounts to twenty hundred and forty percent (240%) ROI plus capital
Bronze (sells for $101.00-$500.00) — generates three percent (3%) as a daily return for thirty (30) days, which amounts to ninety percent (90%) ROI plus capital.
Starter (sells for $30.00-$100.00) — generates 1.5% as a daily return for only one day, which amounts to 1.5% plus capital.
Inferring from this plan, an affiliate can supposedly earn up to 1080% ROI from this scheme. Apart from the earnings that accrue to the affiliates on this scheme, the company also offers a referral commission of five percent (5%), calculable from total investment downlines.
Most sites coopting an affiliate program tend to pay via a unilevel grid. If a member works on the referral grid, the person gets paid based on the accumulated earnings from an affiliate unilevel plan.
An affiliate gets the top position. The affiliate’s referrals get the positions in level 1, which is directly below the top affiliate.
Unilevel Level 1 referrals can occupy as many positions as the top affiliate is able to recruit, and this similarly applies to each of the referrals at this level.
Subsequent levels are also filled in the same way, making the whole sequence theoretically infinite. But usually, there is a cap, after which CoinBot affiliates will have to withdraw their earnings and reinvest in the program.
How to Join CoinBot
As is the pattern with crypto passive profit platforms, CoinBot allows membership to be free.
However, if you want to join the profit-tied packages, then you can invest at least the minimum investment amount. Affiliates can as well boost their positions by buying up higher tiers in the CoinBot Packages.
Anyone looking to sign up for the program can easily get the registration portal from the official site.
- Click on the menu icon — select sign-up from the drop-down menu.
- Specify the membership type you wish to join.
- Enter your relevant details as prompted by the onscreen cue.
- Click on Sign-up.
This doesn’t make one an affiliate of CoinBot. Actual ROI-tied profits depend on the affiliate purchasing a package.
How to Login to CoinBot | CoinBot Login
Those who already have the affiliate coupon code don’t need to use the login portal, especially since it only helps to access the affiliate’s dashboard.
For those who aren’t on the main affiliate package, though, the following CoinBot Login procedure can get them to the subpage (probably a newsletter). Anything that’s worth real returns on investments only goes through the referral link.
- Go to the official website.
- Click on the membership options — select login from the drop-down menu.
- Enter your CoinBot Login details.
- Finally, click on the Sign-in icon.
This is only explained as part of our CoinBot Review. CoinBot has no ties to our website.
CoinBot Review Conclusion | Is CoinBot Legit?
CoinBot claims to be invested in crypto and arbitrage trade. It also claims to have an AI, yet none of these claims proves to be anything else than a lie.
First, the company says it is located at 315 Avenue Manhattan, but no such firm operates on that block.
Second, there is no published financial audit or even a white paper about the company’s finances, proving that the CoinBot arbitrage trade and AI bots are all hogwash. None of the exits.
Lastly, there is the MLM side of the sham. It requires affiliates to recruit people to the scheme and earn a 5% commission. Without verifiable audits from the company, these returns are most likely sourced from investments from CoinBot affiliates themselves.
So, the package merely shuffles their money back to them — a typical Ponzi scheme. Don’t fall for the scam.
Additionally, brokering arbitraging requires proper SEC regulation, which CoinBot lacks. The company is a scam run by anonymous execs. It is not legit.