Is CoinMD A Scam? Learn The Truth From This Latest Review!

This review is all about the CoinMD. Do you want to know if this company is legit or just a scam? Are you wondering if you can earn from this opportunity? Well, I suggest that you read this review in order to clear your doubts about it.

What is CoinMD?

Is CoinMD A Scam

Overview

Company Name: CoinMD

Owner: Thomas McMurrain

Price to Join: $29.95 (Minimum Admin Fee)

My Rating: 5.9 out of 10.0 

CoinMD claims to be a universal healthcare marketplace that accepts cryptocurrency. It also claims to be the Bitcoin of healthcare making it possible to get healthcare and generate wealth at the same time.

You can pay for your healthcare by using their wallet as well as protect your medical data with full encryption. The CoinRewards are generated through your healthcare data.​

I will explain how you can earn from this opportunity in the next section of this review.

Thomas McMurrain is the CEO and founder of this organization. He has a shady past with involvement in the OneCoin Ponzi scheme. He was a promoter, and he had invested money in the OneCoin Ponzi scheme. He has been known to scam people from time to time. You can find plenty of information about him if you do a quick search on the internet.

In this CoinMD review, I will help you decide if this is a scam or not.

Is CoinMD A Scam

Summary:

  • How Does CoinMD Work?
  • How Much Does It Cost to Join?
  • How Much Can You Earn?
  • Are There Any Complaints?
  • Bottom Line

How Does CoinMD Work?

With the shady past of the founder, this opportunity is not looking very promising. However, the compensation plan may pleasantly surprise you.

You are paid 70% commission credits or cash credits and 30% CoinRewards through the compensation plan. 

Now let us take a look at the different ways of earning money from the compensation plan of this company.

Ways of Earning

  • Fast Start X3 Bonus
  • Direct Referral Bonus
  • Rank Advancement Bonus
  • Binary Referral Bonus
  • Leadership Bonus

Fast Start X3 Bonus

You will have to enroll for the CMD01 or higher to earn this bonus. There are three different parts of this bonus, which are called X1, X2 and X3. The X1 Bonus can be earned by enrolling CMD01 or higher in your left as well as your right team within your first 15 days.

In simple words, you will have to recruit two people at a certain level to earn the X1 Bonus. It will pay you $500 in commission credits and CoinRewards.

X2 Bonus is paid when you help the two people that you recruited earlier in recruiting their first two people at the CMD01 or higher level. You have to do this in your first 30 days to earn this bonus. This bonus will pay you $1,000.

The X3 Bonus will pay you 100% bonus on the CoinRewards that you earn within your first 30 days.

If you earn 500 CoinRewards in your first 30 days, then this bonus will double it to 1,000. You can redeem the CoinRewards for CoinMD cryptocurrency.

Direct Referral Bonus

When you refer someone personally, then you will receive a 10%-30% Direct Referral Bonus.

This bonus depends on your rank. When you advance to a higher rank, the percentage of bonus will increase by 5%.

Rank Advancement Bonus

This bonus is paid to you for advancing in the ranks. Following are the ranks and the amounts of bonus paid on those ranks.

Legionnaire Q: $500 if you achieve it in your first 15 days

Praetor: $500

Centurion: $1,500

Senator: $2,500

Imperator: $10,000

Is CoinMD A Scam

Binary Referral Bonus

Your team will be divided into two parts, and they will be called your left and your right team. This bonus is paid on the sales volume of your weaker team to unlimited levels.

Even if your weaker team has thousands of people, you will earn on the sales volume generated by all of them. The weaker team will be the team with the lesser sales volume.

This bonus will pay you 10% on the sales volume of your weaker team. The excess volume from the stronger team is carried forward.

Leadership Bonus

There is one more bonus, which is the Leadership Bonus. It is a percentage of the binary commissions earned by people in your downline up to 4 levels deep.

The commissions credits that you earn from the compensation plan can only be used to purchase membership codes. You can sell the membership codes to new members or to upgrading team members.

This means that you are not paid cash directly, but you are paid only when you bring someone in or convince someone to upgrade. This clearly shows that this opportunity is all about recruiting.

You are also paid 30% CoinMD cryptocurrency like I mentioned before. The problem is that the value of this cryptocurrency is questionable.

Is CoinMD A Scam

How Much Does It Cost to Join?

If you want to join in CoinMD, you have to pay a minimum admin fee of $29.95 for the eWallet. There are various membership types, and there is a free membership as well. However, the free membership will limit your earnings.

The cheapest paid membership costs $250, which is high. The most expensive membership costs $5,500, which is very expensive.

The fact is that your earnings will depend on the membership that you buy. The expensive memberships will allow you to earn more money from the compensation plan.

Keep in mind that there is also a renewal fee of $199 for all paid memberships.

How Much Can You Earn?

Honestly, I don’t think that you will earn anything worthwhile from the CoinMD cryptocurrency. This currency is not publicly tradable as it can only be traded on the CMDX, which allows members to buy and sell CoinMD.

With the history of the owner and the lack of transparency, it is very hard to trust that this cryptocurrency will actually increase in value. Maybe, the owner is manipulating the price of the cryptocurrency behind the scenes.

So, you can’t expect to do well by acquiring a lot of cryptocurrency from the compensation plan. The commission credits can only be redeemed by recruiting people or making them upgrade their membership.

Is CoinMD A Scam

All of the ways of earning money from the compensation plan are about recruitment. In short, this is a Ponzi scheme, which pays money on the recruitment of others.

Eventually, all Ponzi schemes collapse and a lot of people lose their money. Even if you are lucky enough to not lose money, you will not make a lot without convincing a lot of people to join.

You will have to keep recruiting and encourage people to recruit to do well.

This is an illegal scheme, so it would be unethical to recruit people in this scheme.

Are There Any Complaints?

Yes, I have listed some complaints below.

  • People are investing in CoinMD based on a business plan that does not exist and with a proven conman.
  • It is a scam.

Bottom Line

CoinMD is a scam or a Ponzi scheme in my opinion.

All the evidences point to only one thing and that is that this is a scam. I would never recommend getting involved in a scam. I still leave the final decision in your hands. Good luck and choose wisely.

Pros

  • None

Cons

  • Only way to earn is through recruitment
  • Ponzi scheme
  • The shady history of the owner
  • Questionable cryptocurrency

How Can You Earn Money Online?

It seems like you want to invest your money and time in CoinMD because you are eager to have a new source of income. It also feels like you are already tired of not earning that much money from your current day time job.

But let me tell you that this type of business is not yet tested and proven. The earning potential maybe appealing but if you don’t really understand how the business works then you might face some problems in the future.

On the other hand, if you are still looking for new source of earning, then you can also take a look into my personal choice. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And it doesn’t require any selling.

Right now, I am on my third year in this type of business and I am already enjoying the fruits of my labor. So, I want to share my success with you.

Is CoinMD A Scam

>>Check Out My Review on the #1 Recommended Online Business Opportunity<<

If you have more questions and concerns about CoinMD, feel free to comment it below and I would be glad to interact with you.

Let me hear your experiences on the comments below!

Best Regards,

John Rico

Is CoinMD A Scam

What is the Alliance In Motion Global? Read This Review To Know If It Is A Scam!

This review is all about the Alliance in Motion Global. Do you want to know if this MLM business is legit or just a scam? Are you wondering if you can really earn from this opportunity? Are you curious if it can help you achieve financial freedom? Well, I highly encourage you to read this review in order to clear your doubts about it.

Continue reading

Sunrider International Review: Is This MLM Opportunity Legit or Scam?

This review is all about the Sunrider International. Do you want to know if this MLM business opportunity is legit or just a scam? Are you wondering if it can help you achieve financial freedom? Well, I suggest that you read this review in order to learn more about it.

What is Sunrider International?

Sunrider International Review

Overview

Product Name: Sunrider International

Owner: Dr. Tei-Fu Chen & Dr. Oi-Lin Chen

Price to Join: $120

My Rating: 5.8 out of 10.0 

Sunrider International is a multi-level marketing company that sells products in various niches with the focus on the health and wellness niche.

In addition to health and wellness, the company offers products in the categories of food and drinks, skin care, body and hair care, oral care and much more. There are several products in most categories, so the company offers a large number of products.

The founders of this company are Dr. Tei-Fu Chen and Dr. Oi-Lin Chen. Obviously, they are husband and wife. They founded this company in the year 1982 in Orem, Utah. The company has expanded a lot. Now, it operates in more than 40 countries.

In this Sunrider International  review, I will try to share all the facts that are related to the business opportunity that this company offers. 

Sunrider International Review

Summary:

  • How Does Sunrider International Work?
  • How Much Does It Cost to Join?
  • How Much Can You Earn?
  • Are There Any Complaints?
  • Bottom Line

How Does Sunrider International Work?

Now let us take a look at the different ways of earning money from the compensation plan of this company.

Ways of Earning

  • Retail Sales Bonus
  • Unilevel Bonus
  • Fast Start Bonus
  • Advancement Bonus
  • Development Bonus

Let me explain a few key terms before we take a look at the compensation plan.

Commissionable Volume is the value assigned to each purchased product on which you earn commissions. It depends on the country where the order is placed. Qualifying Volume is the value of Commissionable Volume that is applied towards the distributor qualifications in the compensation plan.

There are two types of Qualifying Volume.

The first one is the Personal Volume, which is the total Qualifying Volume from your personal purchases as well as the purchases made by your customers.

The second one is the Downline Volume, which is the total Personal Volume generated by you and the distributors in your downline.

Retail Sales Bonus

This bonus is earned by selling the products to the customers. The percentage of retail bonus that you will earn depends on Personal Volume. You can earn this bonus in the range of 10% to 25%. You will need more than 5,000 Personal Volume to earn 25% bonus.

It is not clear if you need to earn this amount of Personal Volume monthly or in total. I personally think that you will need to earn 5,000 Personal Volume each month to earn 25% bonus.

Unilevel Bonus

Your team grows as you bring more people into this business. The various levels in your team are filled by people as more people are recruited. Suppose, you sponsor A, and A sponsors B. B sponsors C and this goes on and on. This way your team grows, and various levels are added to your team.

This bonus is paid on the Commissionable Volume generated by your team.

You need to qualify for the rank of Star or higher to earn this bonus. Your qualifications are based on your Qualifying Volume. When you qualify for the higher ranks, you can earn a higher percentage of this bonus as well as earn on more levels.

You can earn this bonus in the range of 2% to 10% and up to 5 levels deep.

Fast Start Bonus

When you sponsor new distributors and help them in selling the products, then you will earn a 5% Fast Start Bonus on their personal sales.

This bonus is only paid on the enrollment month and the following 3 months. So, after the expiry of the first three full months, you will stop receiving this bonus. You can easily continue earning this bonus by bringing more people and teaching them to sell the products.

Sunrider International Review

Advancement Bonus

Once you reach certain ranks like Star Elite, Ace Royal or Icon, then you can qualify to earn this bonus.

Development Bonus

This bonus is paid to those people that are able to help distributors in their team reach the Ace level or higher.

There are other ways of earning money from the compensation plan such as Turbo Infinity Bonus. Primarily, there are only two ways of earning money. The first one is selling and the other one is recruiting.

Recruiting and advancing in the ranks is certainly more profitable.

The compensation plan doesn’t pay a good percentage of commission on retail sales. However, the percentage of bonuses paid on the basis of your team are good.

Sunrider International Review

How Much Does It Cost to Join?

You will have to spend at least $120 to purchase a starter pack and join in Sunrider International.

They also need you to pay an annual renewal fee of $120. The price of the starter pack is fine, but the renewal fee is not fair in my opinion. They should have a lower renewal fee. Most MLM companies don’t have a renewal fee, or they don’t charge such a high amount.

How Much Can You Earn?

This may look like a good opportunity on paper, but the reality is different.

You will have to struggle from day one as this is a multi-level marketing company. MLM companies are known for a really high failure rate. This company has a few positives, but I don’t think that they are enough to increase your chances of success by a good margin.

There are plenty of products, but they can be found on websites like Amazon for reasonable prices. Even if you are able to sell the products well, you will have to sell a lot of them to earn the high commissions.

I don’t think that you will be able to sell the products well unless you have a way of reaching a wide audience and convincing them to buy the products.

Recruiting is not easy at all. The people that you recruit need to possess marketing skills, or they will end up quitting this business in the long run. With such a high failure rate, you will lose most people that you recruit. So, if you don’t recruit a lot of people, you will never be able to earn from all the bonuses.

In short, your chances of earning a full-time income are very low. You will have to work really hard and have some luck on your side to earn a full-time income.

Sunrider International Review

Are There Any Complaints?

No, I could not find any complaints. I have a few concerns that I have listed below.

  • The products are expensive.
  • The company doesn’t seem to stand out in any way.

Bottom Line

Sunrider International is not a scam. They claim that at least 51% of their revenue comes from retail customers. I would not recommend joining this company because your chances of success are really low.

There are much better MLM companies in this niche like Amway. This doesn’t mean that I recommend Amway.

This company hasn’t really put that much effort into marketing the products and standing out. I still leave the final decision in your hands. Good luck and choose wisely.

Pros

  • Old company with a solid track record

Cons

  • Very competitive niche
  • High failure rate
  • Expensive products

How Can You Earn Money Online?

It seems that you want to try and join in Sunrider International because you want to have a new source of income. It also seems like you are already tired of not earning that much from your daytime job. 

But let me remind you that MLM or network marketing business is not that easy. It requires patience and consistency in order to achieve your goals. Plus you also have to have great selling and recruiting skills in order to attain maximum results from your business.

Now, if you are still looking for other ways of earning, then you can also look into my personal favorite. My best suggestion would be through making your own online business with a support from community.

Basically, you will earn by just following your passion.

Right now, I am on my second year in this community and want to share my success with you.

Sunrider International Review

>>Check Out My Review on the #1 Recommended Online Business Opportunity<<

If you have more questions and concerns about Sunrider International, feel free to comment it below and I would be glad to interact with you.

Let me hear your experiences on the comments below!

Best Regards,

John Rico

Sunrider International Review