I wanted to go over a company that I was introduced to by a person at my church. The company is called Trade Coin Club. Before signing up as a member of Trade Coin Club I first did some research on them to find out what they were all about. I want to share with you what I learned.
First off I will say this, if you google Trade Coin Club you are going to find a lot of blogs that shine a negative light on the company. What is really funny to me is that all of these blogs have almost the exact same formatting and mention the same wrong information. Let me tell you, I am a member of this club; I put my money into this club; I am speaking from my own personal experience.
Trade Coin Club is a Multi-level Marking Company (MLM). Right from the start most are probably thinking, “Oh great, another ponzi/pyramid scheme.” Please continue reading and don’t let those other false MLM companies jade your opinion. Remember that Mary Kay, Pampered Chef, Avon, and Young Living are all MLM companies. Would you shy away from purchasing those companies products because they are MLM structured companies?
What is Trade Coin Club?
Trade Coin Club (TCC) is a company that claims to trade the top 10 crypto currencies. TCC leverages the most popular crypto currency, Bitcoin, to purchase the other 9 crypto currencies. Throughout the week (Monday-Friday), TCC uses their program to make these transactions. At the end of each day, they pay their members back proportionate to how many bitcoins they contributed.
So who is the owner/president/CEO of TCC? No idea. There are a number of key spokes persons. Joff Paradise, Dover Braga, Ricardo Pereira, Paulo Nogueira, and Geraldo Marques. The one I am most familiar with is Joff Paradise. When I say familiar, I mean, I see him post more videos than any of the others. Maybe it’s because I only speak English and the other people on the list speak English as a second language.
Are they a real company? Well here is their business license.
You be the judge.
So what does it take to be a member of TCC? There are different memberships.
Apprentice: 0.25 BTC – 0.99 BTC (8 month contract) Trader: 1.00 BTC – 4.99 BTC (12 month contract) Senior Trader: 5+ BTC (12 month contract)
Each membership cost 0.05 BTC. This 0.05 fee is your payment for access to their trading software. This software is automated and only requires you to select your trade risk on Monday. If you don’t select your trade risk on Monday, you miss out on trading all week. With each membership, you will receive a 10% bonus for each person you recruit. So if your recruit invests 0.25 BTC, you will receive 0.025 BTC.
Trade Coin Club does have a pyramid and matrix multi-level structure. The pyramid is simple. You have 2 legs, a left and a right. On one side your sponsor is building, and on the other side you are building your team. You receive a team bonus, from the smaller leg, based on your membership level (8, 9, 10%) everyday. Let me tell you, if your sponsor is a great recruiter like mine is, you will have a hard time catching up to get the giant bonus that he is building on the stronger leg. These bonuses are paid into your commissions wallet. Along with the pyramid, there is also a matrix. This matrix is a 3×4, 3×8, or 3×12 matrix depending on your membership level. What the matrix does is once you have earned 0.25 BTC, you will be charged a fee based on your membership level (0.15, 0.30, 0.45 BTC). What this fee does is pay your way into the matrix. Anyone else below you that also qualifies for the matrix, you will receive a 0.03 BTC bonus for. Now, for someone who isn’t looking to recruit and only looking to invest, rest assure, this only activates once you have earned 0.25 BTC. One thing that is great about the matrix is that it’s a forces matrix. So lets say you don’t recruit but the person who sponsored you does. As they fill in their matrix, they will also eventually start to fill in your matrix.
There is also a 25% trade fee which they refer to as “tax”. This “tax” is withdrawn at the end of each cycle (76 days/cycle). Your last cycle, the 25% tax is withdrawn daily.
You will not get your initial deposit back. Over the course of your contract, they will pay back portions of your initial deposit plug your daily trade earnings. They “guarantee” 50% of your initial deposit back.
So I want to share with you what I have experienced. I started with an investment of 0.25 BTC in February. So I paid 0.05 BTC to invest and deposited 0.25 BTC into my exchange account. So from the beginning, 50% of what you invest goes to paying your upline and the other 50% goes toward your trade contribution (exchange wallet). For 60 days I compounded my earnings. Meaning, I took what I earned from the day and put it back into the exchange. Every time I did this, it put 50% into my exchange and 50% paid my upline commissions. I eventually saw that I needed to invest more to so I put another 0.15 BTC into my exchange. I also recruited 3 people. Two at 0.25 BTC and one at 0.95 BTC (meant to come in at 1 BTC but we forgot to factor in the 0.05 BTC fee). So on average, I was earning 1.25% of my total deposit every day, not bad. I was also earning 10% from my recruits every time they added funds to their exchange, plus 8% team bonus. I’m nearing the end of the contract and I can say that I have already pulled out my initial deposit approximately 90 days. I attribute this to recruiting. I don’t believe that if you invest the minimum, you will come out on top.
My experience with TCC, their trading program, and partners has, to this day, has been up and down. You do not hold the private keys to your Bitcoin. When Bitcoin hard forked into Bitcoin Cash, I did not receive Bitcoin cash for my Bitcoin that was in TCC. I can only imagine the profits they took from that as they did no trading that week. I’ve seen people silenced in their facebook groups for asking sensitive questions. There is no way to tell if your Bitcoin is actually being used to trade with or if they are paying you with new recruit BTC.
Scam or Legit? I think only time will tell.