Is JetCoin a Scam? What You Should Know
There are a lot of Bitcoin trading companies popping up everywhere, JetCoin being one of them. The problem here is that many of them are complete scams and claim to be investing your money in BitCoin when in reality they are nothing more than pyramid schemes that are cloaked under the cover of being legitimate trading companies.
So is JetCoin a place you can trust?? Or is JetCoin a scam that is going to be a waste of your time and money? There has been a lot of talk about this site (jet-coin.com) recently so I decided to finally get around to taking a look into it. And in this short review I’m going to be going over a few things that you definitely are going to want to know if you were thinking about investing in this company.
- Company: JetCoin
- Website: jet-coin.com
- Cost to Invest: 0.05 BTC minimum
- Recommended?: No, more on this
Jet Coin is a Bitcoin trading company that claims to provide insanely high returns on members’ investments. They actually claim to be able to double your Bitcoins in as little as 40 days.
Supposedly this company is able to yield such high returns all due to professional trading. What this means is that they are just buying Bitcoin at low prices and selling at higher prices, thus bringing in extra money.
But this is definitely a very suspicious claim and it is one that I have found out to be a common lie on sites like this that often turn out to be complete scams.
The Investment Plans
The investment plans that they offer are all based on doubling your Bitcoins. The more you invest the faster the returns are and the faster your Bitcoins double. The investment plans are as follows…
- .05 BTC investment
- Doesn’t double in 50 days
- 9% binary earnings
- .10 BTC investment
- Doubles in 50 days
- 10% binary earnings
- .30 BTC investment
- Doubles every 50 days
- 11% binary earnings
And this continues and goes up through JC8 which requires a 8 BTC investment, doubles your BTC every 40 days, and gives you 25% binary earnings.
As you may have noticed above, all the investment plans give you a certain percentage of binary earnings. So what are these binary earnings?
Well in a binary compensation structure there are 2 legs, a left and right. These legs are your “downline” and you get paid from this downline. The downline is just made up of people that have invested into the JetCoin after you. They are beneath you. You are their upline and they are your downline.
When these people are recruited into JetCoin beneath you and invest money, some of that money goes to the upline. This money will trickle up the pyramid structure and you will get a certain percentage depending on the investment plan you purchased.
A Major Red Flag
Ok, so as you know, I was very suspicious of this site from the start. I have seen so many of these BTC investment scams recently and you just can’t trust what you see half of the time.
And the big problem here is that you really CAN’T trust this place. Why not?
Well there just isn’t any information on the company. They tell you very little and leave you in the dark.
Their entire About Us page consists of only a few paragraphs that really tells you nothing at all. They tell you is that most people in investment fail badly, they tell you this to place some fear in your mind. Then of course they tell you that this system is 100% safe and everyone succeeds.
I took a screenshot of this ridiculous About Us page that you can see here…
Upon looking for more information About JetCoin online I found pretty much nothing.
However, one piece of information that I found makes me even more suspicious. When performing a whois search of jet-coin.com I found that this website has only been around since May 7th 2017. What I also found interesting in the whois search was that the registrant name was set to private, meaning that the person or organization behind this site wants their identity hidden for some reason.
The Underlying Truth
JetCoin is more than likely a pyramid scheme. There is no proof whatsoever that they are actually making money via trading. It seems that they are just making money by new investors coming in and they are compensating the investors before them with the money that they invest.
Its nothing more than a pyramid scheme that is just a big transfer of money.
One sure sign of this is their investment return claims. The problem is that NO ONE can guarantee such ridiculous returns on investments. Sure you can make a lot of money trading Bitcoin, but you can’t guarantee a fixed rate because even Bitcoin has its ups and downs.
There is just no way that what they claim can be true. It is literally impossible.
Final Thoughts and What I Recommend
The bottom line is that you just cannot trust this place at all. I would absolutely not invest in this place. Not only do they provide no real information about their company background, but they also make impossible claims that just cannot work out.
In my opinion this is nothing more than a pyramid scheme that is disguised as a Bitcoin investment company. This is popular these days and some of the more popular similar companies that I have reviewed are Gladia Coin and FirstEarn.biz if you have ever heard of them.
You have to be careful with places like these. Chances are, if something sounds too good to be true it probably is. You just can’t trust places that make it seem so darn easy to make money online. Things don’t work like that.
If you are looking to make money online legitimately then what I can recommend to you is to take a peek at how I make money online. I make a living working online for myself and I enjoy what I do. I wrote a post (link below) on what it is that I do, how it all works, and how others can do the same.
Comments, questions, concerns??? Leave them below and I’ll get back to you soon 🙂