Welcome to my CoinSpace Review.
It always starts off the same with these crypto websites…. a buddy of yours you haven’t talked to in a while hits you up praising a new company and they claim to you that it’s about to be a big money-making opportunity. Or maybe you start getting massive emails talking about how you can make so and so amount of money a day. Then next thing your know you join and get scammed. Not all the time does it work like this, but for the most part, the internet is full of shady activity.
I know personally how the internet can point you in the wrong direction. CoinSpace isn’t the first business to tell me that all I had to do was plug in and the success will follow. Essentially, CoinSpace is suppose to be a quick method to filling up your bank account. I say that because for one, you don’t actually have to do anything.
Users can just throw cash in and earn a return.
Ideally, you could just dump loads of cash quickly and walk away with huge returns in a short amount of time, but obviously this just doesn’t sound right. Since when has it be that easy.
By the slim chance that CoinSpace it actually legit, I decided to give them a fair chance and give them an unbiased review by just looking at what we know about them, and applying facts.
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CoinSpace Review – The Company
CoinSpace is pretty straight forward. If you understand what Bitcoin is and how it actually a legit currency and opportunity then you will see what CoinSpace is trying to do. They launched with a coin of their own, along with an investment opportunity. Essentially users invest in their coins and are automatically entered to earn passive income.
My perspective on the matter is how do they plan on competing and gaining the capability of being publicly traded. They would first have to gain a certain level of attention but with how they are set up it looks unlikely.
Since they are basically considered some sort of investment opportunity, they should be registered which they are not. They even are called out by authoritative institutes that govern investment opportunities and have deemed illegal and unregistered. Not very good publicity.
Honestly your not actually getting anything from CoinSpace. Unlike Bitcoin where you can actually mine from home, their coin is nothing like that. IN fact, they could create them at will making the value of them useless. The way other cryptocurrencies work is that nobody can just generate them at will, or else it would be unfair and unstable.
On top of that the big coins that are legit are publicly traded, meaning they hold value all over the world. CoinSpace and their crypto is only valid through their website.
So it really has no sustainable value and your virtually not getting anything from buying their coin.
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CoinSpace Compensation Plan
The only part that actually sounds nice about CoinSpace is there passive income opportunity, but even that has one big fatal flaw. It’s EASY to earn with them, but not for any good reason. It’s not like your investment is being used in a legitimate way.
Let’s say I joined today, and you joined yesterday. You invested towards earning passive income. My joining actually helps pay off their debt to you. And it works like this in an endless cycle. This is known as a Ponzi scheme and will eventually collapse when people stop joining.
Is CoinSpace a Scam? In my opinion, yes!
The model is not sustainable and for them to constantly be advertising it without sharing the full truth of how things work then it makes it a big scam. If they actually shared the mechanics behind the system no one would join within good reason.
Users could easily lose money and lots of it.
I’ve seen sites like this suck people dry before.
I don’t want that to happen to anyone who is trying to start a legit business.
Thanks for reading my CoinSpace Review.
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