Coins of Change Review – Legit Business or Just Another Scam?

Welcome to my Coins of Change Review!

Whether you have been in the MLM business for years or this is your first time checking it out, choosing which company to join can be a daunting task.

The best thing you can do before joining a company is to thoroughly research it.

This review on Coins of Change will give you with all the info you need to know about the company, the products and the compensation plan.

Let’s dive right in!

Coins of Change Review – The Company

Coin Of Change Review

When I checked out the company website, I couldn’t find any information about who owns or operates the business.

I did manage to find out that the Coins of Change website domain was registered privately as “coinsofchange.org” on the 20^th of July, 2017.

It should be noted that the Coins of Change website domain utilizes the “bitcoinsetupsite.com” name-servers.

When you check out that site, you can see that it is a copy of the Coins of Change website.

A little research uncovered that the owner of the Bitcoin Setup Site is identified as Mike Hollen, who uses a US address in Iowa.

It’s not clear whether Hollen is involved with Coins of Change in any way besides website development.

A Facebook group exists for Coins of Change which lists 3 admins, who are Edmond Lee, Jorge Raziel and Domingo M. Silvas.

Coins of Change Reviews – The Products

Coin of Change Products

Coins of Change does not have any retail products or services to offer affiliates or retail customers.

Affiliates who sign up with Coins of Change can only market the affiliate membership.

The affiliate membership includes access to a “bitcoin e-book and video course” and “Facebook e-commerce course”.

The Coins of Change Compensation Plan

Coins of Change affiliates who want to take part in the compensation plan must donate funds to each other through a two-tier 3×5 matrix cycler.

This type of 3×5 matrix puts an affiliate at the top of a matrix that has 3 positions right under them.

These first 3 positions make up level one of the matrix and the second level is created by dividing these first 3 positions into a further 3 positions each, for a total of 9 positions.

Matrix levels 3 to 5 are created in the same way, and every new level holds 3 times as many positions as the level above it.

Once a Coins of Change affiliate signs up, they must donate $50 to an existing affiliate, which then qualifies them to earn their own $50 from newly sponsored affiliates.

Matrix levels 2 to 5 work the same way, with the donation amounts at each level increasing.

Donations across all levels of the 3×5 matrix are look like this:

Level 1 – Donate $50 and receive $40 from 3 affiliates
Level 2 – Donate $80 and receive $70 from 9 affiliates
Level 3 – Donate $280 and receive $250 from 27 affiliates
Level 4 – Donate $1000 and receive $900 from 81 affiliates
Level 5 – Donate $5400 and receive $4900 from 243 affiliates

There is a second-tier matrix that is called the “Gold Stage”.

It works the same way as the first-tier, but donations here are tracked in bitcoin (while tier 1 works in bitcoin too, it is set at USD amounts).

Level 1 – Donate 0.1 BTC and receive 0.09 BTC from 3 affiliates
Level 2 – Donate 0.2 BTC and receive 0.18 BTC from 9 affiliates
Level 3 – Donate 1 BTC and receive 0.9 BTC from 27 affiliates
Level 4 – Donate 3 BTC and receive 2.5 BTC from 81 affiliates
Level 5 – Donate 6 BTC and receive 5 BTC from 243 affiliates

In case you missed it, there is a discrepancy between the amounts donated and received…

The company says that the missing funds are put into a Bonus Pool.

However, there are no specifics given about the Bonus Pool.

Cost To Join Coins of Change

The cost to join Coins of Change as an affiliate is a $50 donation payment.

To fully take advantage of the MLM opportunity here, it will cost $6810 and 10.3 BTC in donation payments.

All donations within the company, both paid and received, are made in bitcoin.

Verdict on Coins of Change

The company claims to be a “peer-to-peer crowd-funding” opportunity, but the truth here is that it is a cash gifting operation.

When new affiliates join up they are required to “gift” funds to existing affiliates.

These affiliates then recruit new affiliates, and the cycle continues, with gifting amounts increasing at every level.

These types of companies really only benefit the admins at the top.

When these types of matrix-based gifting companies are set up, the admin or admins typically occupy pre-loaded positions.

As more and more money is passed up at every matrix level, these pre-loaded admin positions reap the most rewards.

While some early joiners may reap a few benefits, the majority of affiliates will make little to nothing, and will end up losing their investment when recruitment dries up.

My advice here is to be careful if you are considering joining this company.

I hope you enjoyed my Coins of Change review and if you have any questions, please leave them in the comments below…