Trade Coin Club is a membership-based investment scheme that promises to give you “automatic gains” to help you get rich quick. Find out if it’s a scam or a legit opportunity today in our review.
What Is Trade Coin Club?
Trade Coin Club, found online at TradeCoinClub.com, claims to have created a special software that creates “automatic gains” from cryptocurrency markets.
It doesn’t take long, however, before you realize that Trade Coin Club has little to do with investing. Instead, the company appears to exclusively make money through its pyramid scheme-like membership structure. You pay a fee to join the company, then convince other people to join the company underneath you.
Trade Coin Club pays three levels of commissions.
How Does Trade Coin Club Work?
Trade Coin Club vaguely mentions a trading software that generates consistent returns from the volatile cryptocurrency markets. Instead of keeping that “guaranteed” trading software for themselves, however, the company has decided to share it with the world. That’s very nice of them.
In reality, there’s no evidence that Trade Coin Club has a type of special trading software, and there’s certainly no evidence that their trading software leads to spectacular investment returns. You download some type of software after you join, but that software doesn’t seem to be connected to any real markets – it’s basically just a video game that simulates cryptocurrency trading.
Trade Coin Club insists its trading software is real. It uses sentences like this to convince you it’s real:
“Our unique Trading System makes millions of Microtransactions. Making it humanly impossible. Allowing the members to generate profit every second, every hour and every day, and our members don’t put all their coins at risk because we have the STOP LOSS button.”
That’s the word-for-word description on the front page of the website. if you weren’t getting enough red flags from Trade Coin Club, then that description should be all you need to know that this is a blatant scam.
Trade Coin Club Pricing
Trade Coin Club requires a minimum investment of 0.05 BTC. Your fee is used to buy “the software”. However, in order to run that software, you’ll need to pay a minimum of 0.01 BTC.
Once you activate the software, it runs automatically. The software claims to trade 30 cryptocurrencies daily with no intervention. Best of all, there’s no risk of losing your investment “because you have our famous stop loss button”, explains the official website.
Trade Coin Club actually has three different levels of memberships available. Like with most pyramid schemes, the company tries to convince you to deposit the most money possible in order to unlock higher returns:
- Apprentice: 0.01 BTC to 0.99 BTC
- Trader: 1 BTC to 4.99 BTC
- Senior Trader: 5 BTC and up
Who’s Behind Trade Coin Club?
Trade Coin Club, like most other bitcoin scams online, refuses to tell us any information about who’s running the company. When somebody demands that you send them money online, but refuses to tell you any information about themselves, that typically means you’re being scammed.
The Trade Coin Club official website doesn’t even have an email address or “Contact” page. The only source of information from the company appears to come from its Facebook page, where we see videos of people celebrating the Trade Coin Club “pre-launch” with parties around the world. The company appears to be gearing up for an event in Thailand at the end of November.
TradeCoinClub.com was registered on August 2, 2016.
Trade Coin Club Conclusion
Trade Coin Club is a bitcoin investment scam that tries to convince you it has some magical trading software capable of generating enormous, consistent returns. Best of all, there’s no risk of losing your money because the software has a “STOP” button. Seriously.
In any case, Trade Coin Club – or TCC – doesn’t appear to make any money through cryptocurrency trading. Instead, the company’s income comes entirely from new membership fees. New members pay a fee to join the company. You get a portion of that fee for referring the individual, and the rest of the fee gets passed to the top of the pyramid.
Ultimately, based on all of the information we can find on the official Trade Coin Club website, it doesn’t appear to be a legitimate investment opportunity. TradeCoinClub.com appears to be some type of pyramid scheme, MLM scam, or cryptocurrency-based Ponzi scheme.