Is The Billion Coin A Scam? Learn The Truth From This Latest Review!
This review is all about the Billion Coin. Are you wondering on whether The Billion Coin is a scam or not? Do you want to know more about what is the Billion Coin? Well, I suggest that you read this review to learn the truth about it.
What is The Billion Coin?
Company Name: The Billion Coin
Owner: Cara Brook
Price to Join: $199 - $399
My Rating: 6.9 out of 10.0
The Billion Coin (TBC) is supposed to be a cryptocurrency that increases in value until it reaches its final price. The people that buy this coin have to agree that it will never decrease in value.
Therefore, selling the coin at a discount is forbidden. This is a private society and not a company if you carefully look at the information mentioned on the website. They have developed one more currency called the Kringle currency in the year 2018.
Both the cryptocurrencies can be used as a private medium of exchange.
This coin was launched in the year 2016. They didn't mention the people behind this coin, which is interesting. It is not that hard to find out about the creators of a legit cryptocurrency but that is not the case here.
In this The Billion Coin review, I will take a closer look at this opportunity and try to determine whether this is a scam or not.
Please make sure that you read the entire review before spending your hard-earned money in this opportunity.
- How Does The Billion Coin Work?
- How Much Does It Cost to Join?
- How Much Can You Earn?
- Are There Any Complaints?
- Bottom Line
How Does The Billion Coin Work?
The website claims that their mission is to end global poverty. They offer free membership and any gifts of Kringle coins without any obligation.
There is a TBC wallet that you will need to buy and sell The Billion Coins. Like I mentioned before, all members have to agree that the value of the coin will never go down.
A software program supposedly increases the value of the coin by 1% to 5% every single day until it reaches the ultimate price.
Now you might be wondering how the ultimate price is calculated. Earlier, it was calculated by multiplying the number of verified members with one Euro. If there were 30,000 verified members, then the ultimate price of the coin would have been 30,000 Euros.
After a change in 2018, the member count only increases by paid members and not by free members.
They also changed the way the ultimate price is calculated. Now each paid member increases the value of the coin by a grain of gold instead of one Euro.
I did some research and found out that they actually had to change it to a grain of gold because of a legal inquiry by the SEC.
The SEC is conducting a legal inquiry of this private society, and you can find information about the same on their website.
Now let me clarify something: you cannot exchange the coin for money at least not legally. It can only be used as a private medium of exchange. In simple words, you can try to pay someone through this coin, but I don’t know why someone would accept this coin, which is not traded publicly.
The biggest problem is that I don’t think that this coin is legit.
This is just a scam that is trying to make a fool out of you. Let me explain why I think that this is a scam. First of all, they offer a very high rate of return. 1% to 5% daily returns on your investment is a lot, and any program that guarantees such returns should be checked properly.
The creator of Bitcoin never guaranteed any returns.
This is not how legit cryptocurrencies are supposed to work. The second big sign that this is a scam is that the creators of this scam are nowhere to be found. They are under investigation by the SEC, which is yet another sign that this is a scam.
There is no transparency as the coin is not traded publicly.
Maybe, the owners are increasing the value on their own. It is also possible that no such coin exists. I can’t even find the option to join and buy this coin at the time of writing this review.
I don’t know why a legit website would not allow me to buy their cryptocurrency for no valid reason.
A simple Google search will show you that this is a Ponzi scheme. Ponzi schemes pay money to the older investors from the money invested by newer investors.
The older investors are encouraged to invest more money as a result, and a lot of people lose money once the scheme stops paying.
How Much Does It Cost to Join?
If you want to join in The Billion Coin, The TBC wallet will cost you $10. The wallet is not enough as you will need to buy the coins to participate in the scheme.
The prices of the coins are really high, and it looks like that you have to pay in Bitcoin to buy the coins.
This is yet another sign that this is a scam. Bitcoin transactions cannot be reversed, so this is a really smart way for the owners to earn a lot of money.
How Much Can You Earn?
I don’t know why they are not allowing people to buy TBC at the moment. It maybe because of the SEC investigation.
Even if it was working properly, I don’t know if you would have benefitted by getting the coins. You would have seen the coins rise by 1% to 5% daily.
You could have sold the coin through their platform and get Bitcoins in return. Maybe, you wouldn’t have been able to sell the coins or get the promised returns.
The problem is that these schemes only pay as long as the investors keep depositing money.
Once the new investors stop coming, the scheme collapses and the people behind the scheme start another one. This cycle repeats until the people behind the scheme are very rich or in jail.
Maybe, this scheme has already collapsed and that is why there is no option to buy the coins.
In short, you cannot earn anything currently because they are not allowing people to buy coins. You could have earned a good amount of money if you were lucky, but you shouldn’t leave it to chance.
Are There Any Complaints?
Yes, I have listed some complaints below.
- The Billion Coin is a Ponzi. The coin is worthless and cannot be traded even in TBC exchange.
- TBC is not open source. It has no roadmap, and it is being controlled by its owners.
The Billion Coin is surely a scam in my opinion.
Even if this Ponzi scheme starts allowing people to buy the coins again, the prices would be unreasonably high. I don’t know why someone would risk that kind of money to participate in a Ponzi scheme.
There is a very high risk of losing money. So, I don’t recommend this scam to anyone.
- Scam or Ponzi scheme
- Promises very high returns
- No information about owners
- Being investigated by the SEC
- Not allowing people to buy coins at the moment
How Can You Earn Money Online?
It seems like you want to invest your hard earned money in The Billion Coin because you are blinded by the earning potential that they promise. It also seems like you are already tired of not earning that much from your daytime job and you want to achieve financial freedom.
But let me tell you that this type of business is very risky. You may see some earnings in your early months but later on, your income is not guaranteed.
This kind of scheme is scary most especially that there are no clear rules and law about this kind of transactions.
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.