Coinearners.club Review: Scam Or Legit?
By: Nigeria Bitcoin Community
Tags: Scam, Crypto, Review, Bitcoin, Scam Alert

Coinearners.club Review — Background information

We always advise that before you invest your money in a platform, you should try as much as you can to know the faces responsible for the safe handling of your investments.

If an investment platform promises to take your money, invest it for you, and pay you returns on your investment but does not provide its owners’ information, then you have every reason to question the legitimacy of such a platform.

Investing in a platform like that is as good as plugging your money into a tree and expecting it to give you returns.

For goodness sake, if they are to take your money and promise to pay you returns over a specified period of time without you participating in whatever investment they advertise, at least know who they are.

If a stranger walks up to you on the street and asks you to give them your money and they will give you twice your money in 24 hours, what will be your reaction?

At best, you will shove the stranger off, issue him/her a stern warning, or even call the police.

The same principle should be applied online as well; you don’t have to approach online affairs any different from the way you approach offline affairs.

Now, in the case of coinearners.club, they claim to be a group of professional traders who will manage your investment and provide you guaranteed returns.

They claim to “utilize cutting edge technology and trade a diverse range of currency pairs”. But do not explain the kind of technology they have in place or provide proof for their trading activities.

So, right off the bait, coinearners.club shows signs that have been consistent with scam platforms we have reviewed in the past.

Chances are, coinearners.club is just another scam HYIP (high yield investment).

Ownership Information

All efforts to know the admins behind coinearners.club yielded no results. The domain “coinearners.club” was registered privately — meaning, whoever registered it does not want to be known.

However, coinearners.club claims to have been launched on September 7th 2015, but information on its domain registration states that the website was created on February 16th, 2018.

Why will an investment platform hide its ownership information and give a false launch date?

Apparently, the fake launch date (2015) was formulated to make the platform appear credible in the eyes of its unsuspecting victims.

Furthermore, we found out that coinearners.club was registered from the state of Massachusetts, U.S.A.

However; there is a great possibility that the location provided is false, and might have been done from a computer with a VPN randomizer.

But, if its point of registration is true, then we might have a clue as to its creators.

Recently, scam platforms from that region like the recently busted Telexfree scam have been known to be run by Brazilians. Reports have it that Brazilian migrants abound in the state of Massachusetts, and some of them have had their hands soiled with Ponzi schemes and HYIP scams.

Moreover, a platform we recently reviewed “mining capital coin” claims to be located in Boston, Massachusetts. Mining Capital Coin runs an illegal service, promising its affiliates returns on their investments — same as coinearners.club.

Anyone who wishes to investigate the true face behind coinearners.club should begin their investigation with the knowledge that Mining Capital Coin run by a Brazilian named Jr Caputti and coinearners.club (unknown admin) all operate from the same location.

Summarily, the fact that the admins of coinearners.club do not want to be known can only mean that they are operating illegally, cannot be sued, and so should not be trusted to deliver on their promises.

Secondly, the false launch date on the coinearners.club website goes to show that the platform was built from a foundation of lies and deceit.

Thirdly, the platform’s location is home to a variety of scams, each offering the same service, but with sinister motives.