Ecoin University, found online at EcoinUniversity.com, promises to teach beginners everything they need to know about crypto trading. Find out how it works today in our review.
What is Ecoin University?
Ecoin University promises to help you “trade like a superhero” with online crypto training programs. At first glance, the website seems to function like a blog. There are weekly blog updates on news from across the cryptocurrency world.
The featured blog post is entitled, “Trade Like a Superhero”. That post features a guide called, “Bitcoin Profits for Beginners: The Ultimate Shortcut to Trade and Profit From Cryptocurrencies.” Unfortunately, that guide does not seem to be currently available online.
Other articles on the Ecoin University website include updates on the US Federal Reserve regarding bitcoin, as well as the announcement about CME Group launching bitcoin futures.
In reality, the entire front page of Ecoin University is designed to mask some type of investment scheme. That scheme promises to help you earn millions in a short period of time. You can visit the login page for that scheme at EcoinUniversity.club.
Let’s take a closer look at how Ecoin University’s investment scheme works – and help decide whether it’s a legitimate opportunity or a complete scam.
How to Make Money with Ecoin University
Ecoin University may seem like a straightforward crypto education program and blog. However, a closer look reveals an investment scheme behind the front page. A quick Google Search reveals a number of investors online who claim to make $1000 per day with Ecoin University’s investment scheme. One video was posted online on December 25, 2017, describing how a man named “Bill” earned “$4,000 in the last 4 days”.
That video explains that the Ecoin University moneymaking system is still in beta, but it will launch in early 2018. Here’s where things get shady: Ecoin University claims investors can expect to earn $1 million in 2018 by following the lessons in Ecoin University. In fact, investors can make $1 million with just a $5 investment.
Overall, there’s limited information about how Ecoin University makes money, or how the scheme can advertise such ridiculously high returns. However, the core of the program is to educate beginner crypto users. You can participate in Ecoin University as an absolute beginner who knows nothing about bitcoin or crypto trading.
Typically, when someone advertises an easy moneymaking scheme involving paid memberships, it’s a sign you’re participating in some type of pyramid scheme. You pay to join the company, learn some basic information about cryptocurrencies, and continue paying your monthly subscription fee. The only way to make money is by recruiting other people to join.
If you convince enough other people to pay the monthly membership fee, then you’ll make money. We’re not saying Ecoin University is definitely like this. However, based on the limited information online so far, it seems to be some type of recruitment-based scheme.
Who’s Behind Ecoin University?
Most of the information about Ecoin University online today comes from the YouTube account of Rapha-El Daligheto (Raphael Daligheto). The first result when you Google his name comes from “RipoffReport.com”, which features dozens of complaints about the man (https://www.ripoffreport.com/reports/ralphael-daligheto/internet/ralphael-daligheto-the-money-lesson-vague-online-marketer-internet-1041218). Previous customers and clients describe Rapha-el as a “true con/scam artist”.
Prior to launching Ecoin University (or being involved with the project in some way), Raphael Daligheto apparently charged consulting services online. One client claims Raphael charged $700 for “vague money lessons” about online marketing, with most of the information being freely available online.
In any case, Raphael Daligheto seems to cater most of his marketing to WorldStarHipHop and the African-American community. On WSHH, you can see videos of his Ferrari and other possessions.
It’s unclear if Rapha-el Daligheto is running Ecoin Education or if he’s just promoting it online. The entire project lacks transparency.
Ecoin University Conclusion
Ecoin University has all of the signs of a scam. The online education program is being heavily marketed online with promises of turning a $5 investment into $1 million before the end of 2018.
Like other shady “get rich quick” schemes, there’s limited information about how the moneymaking system works, or why investors can expect such huge returns. The scheme is also catered to complete beginners – like people who have heard about bitcoin and its moneymaking opportunities, but don’t know how to get started.
Ultimately, there’s virtually no information about Ecoin University available online at this time. It could be a legitimate investment opportunity. However, the way Ecoin University is being marketed online seems to suggest it’s more of a pyramid scheme than a legitimate investment opportunity.