Is iCoinPro a Scam? or Could This Be The Real Deal?
If you are looking to make money online with iCoin Pro then you should read this first. Much of the information out there is misleading due to recruitment style business that this is. If you are wondering is iCoinPro a scam then you are in the right place.
I am in no way affiliated with iCoinPro and will be reviewing it as a 3rd part. So I hope to keep this as unbiased and realistic as possible.
- Name: iCoinPro
- Website: icoinpro.com
- Cost to Join: $39.95/mo
- Recommended?: More on this
iCoinPro is an cryptocurrency education company that just took off in 2017.
There is a lot of misinformation out there and because this is such a new thing, there is and overall lack of information. I don’t know if there is any formal training out there on this so its great that iCoinPro is providing some.
Bitcoin is bigger than ever and the cost per coin is expected to rise to as much as $500,000 by 2030 (some experts believe). There is no doubt there is some serious potential in the cryptocurrency investment business. There are some reputable big-time investors that really believe in bitcoin. iCoinPro wants to take advantage of this.
One of the “scammy” parts of this company is that they are an mlm business. This basically means that members can get paid commissions to get other members to join and invest their money (more on this later).
What You Get If You Join
As mentioned, the training is a big part of iCoinPro. There is a serious lack of it online and I have wasted plenty of my own time just trying to figure out things about Bitcoin before.
In the training you will learn things like…
- What cryptocurrencies (mainly what is Bitcoin) are & how to use them
- Different forms of cryptocurrencies & differences between them
- Buying Bitcoin, how to and where to buy
- Buying low and selling high
- Updates on the ever evolving cryptocurrency world
To get access to the training you will have to pay a monthly fee of $39.95.
The MLM Side of It
So there are pretty much 2 ways that you can actually make money with iCoinPro. You can make money by investing in Bitcoin, which you will get training on. But of course that all depends how good Bitcoin’s future is. The 2nd way you can make money is by recruiting other members into this membership site.
With recruitment style businesses like this you have to be wary of what you hear because many people will recruit others in by deceptive means just to make money off of them.
But just because this is a mlm doesn’t necessarily mean its a scam business.
Anyway, let me get to the 5 ways you can earn money with this mlm structure…
The 5 Ways to Make Money
I am trying to explain this as simply as possible so bear with me here, it can be confusing.
With the PowerLine bonus you can receive commissions on up to 5 levels deep. The commissions you will get here are from recruits paying commissions.
These 5 levels will consist of people that you personally recruit as well as people that they recruit, and people that they recruit, and so on.
You will earn 3% commissions on every member in those 5 levels. And because this membership is a monthly cost you will get these commissions monthly.
Fast Start Bonuses
When you start out you can get these bonuses when you personally recruit someone in. You will get $10 per person you recruit when you just start out but as you move up the ranks you can get $25.
On top of that, as you move up the ranks you can get these bonuses from the people that your recruits recruit (2nd level), the people that they recruit (3rd level), and so on up to 5 levels.
How do you move up the ranks? Its all about recruiting more people.
Fast Start Overrides
When you reach the rank of Star Elite, you qualify for these overrides.
How they work is like this: when a member on your downline achieves this Star Elite status they “break off” and form their own “team”. This is called a generation and you will earn commissions off of their entire generation.
And if someone in that generation achieves that rank and forms their own generation this is your 2nd generation and you can make money off of that too. You can also make money off of a 3rd generation.
The money you make (shown on the right) is not much per person in each generation but there is the potential for there to be a heck of a lot of people so it could mean a lot of money.
2 x 14 Matrix
I’m not going to get too into this, but basically what you have here is a matrix with 14 levels. This means that you can earn commissions of 2.5% from people up to 14 levels deep. You will only earn on 10 levels to start out but as you move up the ranks you will unlock new levels.
Each person, including you, will have 2 spots beneath them that need to be filled with recruits. The little diagram I put on the right is only 3 levels.
This is the most powerful part of this mlm structure and there can be a lot of money made here if you and your “team” are good at recruiting.
With these matching bonuses you can receive a bonus from the money that the people in your downline make.
You can receive up to 60% matching commissions from the people you personally enrolled and get matching bonuses up to 6 levels deep as you move up the ranks.
I know this all might seem very confusing but if there is one thing to take away from this mlm structure it is that this is ALL ABOUT RECRUITMENT.
Final Thoughts & Is This a Scam?
Bitcoin seems to be a great investment with a bright future. That is why there are so many Bitcoin investment companies popping up online, one of the most notable being Gladia Coin. But it is still so new to the world and because of this there is still a lot to be seen and learned about it all. Every investment is somewhat of a gamble and investing in Bitcoin is no different.
Personally, I own Bitcoin of my own and I do believe in its growth potential. So learning about Bitcoin and other cryptocurrencies through iCoinPro’s training is a good thing the way I see it.
Would I recommend buying a membership to iCoinPro? That all depends on how much you know about this industry. If you are a newbie and looking to get involved then this is a good place to start. I’m not saying that you have to buy into this to learn how. You can learn everything you need to know on Google for free. That is how I did it. But what I am saying is that this site bundles a lot of good information up for you and provides it in an easy to follow manner.
Ultimately the decision is up to you. I don’t think that iCoin Pro is a scam, although its mlm side is very shady and you might get scammed by someone that tricks you into buying into it. But the site itself I think does provide valuable info and can help people.
Comments, questions, concerns??? Leave them below in the comment section and I’ll get back to you soon 🙂