{"id":15594,"date":"2018-09-17T09:32:43","date_gmt":"2018-09-17T15:32:43","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=15594"},"modified":"2018-11-30T08:02:49","modified_gmt":"2018-11-30T14:02:49","slug":"17-09-2018-coinfinance-review-and-daily-news-from-the-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2018\/09\/17\/17-09-2018-coinfinance-review-and-daily-news-from-the-hyip-industry\/","title":{"rendered":"17\/09\/2018. CoinFinance Review and Daily News from the HYIP Industry"},"content":{"rendered":"

Beware! CoinFinance has stopped paying! Do not invest there!<\/strong><\/p>\n

Hello all, I hope you’re all keeping well after the weekend and are looking forward to some new opportunities for the coming business week! It’s still a bit early to anything with 100% certainty but there is definitely a reason for cautious optimism in the air right now with the HYIP industry arguably as close to recovery as it has been any other time this year. In fact it even occurs to me that as of today it’s been two full calendar months since I last reported a scam on the MNO monitor<\/a>‘s Premium List<\/a> which means first of all that this is still the best place for online investors but also that there is at least some stability out there even if it isn’t especially busy. With that in mind then I’d like to kick off today’s MNO news update with a closer look at CoinFinance<\/a>, a new medium\/long term program just added to the MNO monitor<\/a>\u00a0last week. In many ways CoinFinance<\/a> goes down as an old fashioned \u201cclassic\u201d style HYIP in the sense that it’s pretty straight forward and has nothing overly complicated going on there, without sacrificing quality however as it’s still quite well put together. So let’s see what it’s all about then and whether or not you think you have a place for CoinFinance<\/a> in your autumn portfolios.<\/p>\n

\"CoinFinance\"<\/a>
\nI suppose the best place to start is usually with the plans, that being the most important area of CoinFinance<\/a> that most of you will want to hear about first. You basically only have one to choose from really, though this is split into five groups depending on how much money you would like to invest. So clearly some of them are much riskier than others in financial terms, though in reality this won’t be an issue for most readers as only one option has anything like a particularly affordable minimum spending requirement for joining.<\/p>\n

First of all then all plans run for 70 business days<\/strong>, which is 14 calendar weeks or just over three months. CoinFinance<\/a> accept a minimum deposit of $10. Spend anything up to $999 and they offer to pay you back at a rate of 3% per business day<\/strong>, that’s Monday to Friday, and then return your deposit on expiry<\/strong>. This eventually yields 210% net profit<\/strong> as well as your own money on top.<\/p>\n

Or to put it another way, if you invested $100 you\u2019d be hoping for a repayment of $3 per day, Monday to Friday, for the coming 14 weeks. This would then allow you to reach the break even point, i.e. earn back an amount equivalent to your initial investment therefore making it impossible for you to lose any of your own money, after 34 payments. This is just a day short of 7 full weeks so less than half way through the term which isn’t bad at all. On completion of the term you should come away with $210 in interest payments at which time the CoinFinance<\/a> admin should then return your original hundred to add to that.<\/p>\n

And that\u2019s more or less how things continue, the 70 business day term being constant but the interest rates rising as members take a bigger financial risk. CoinFinance<\/a> offer slightly improved interest rates for those taking a bigger gamble, with for instance 3.5% for70 business days<\/strong>\u00a0being offered to investors spending from $1,000 up to $9,999. This allows for a final profit of 245%<\/strong> with your principal then added to that on expiry<\/strong>. The break-even point is reached after 29 payment days, just short of six full weeks.<\/p>\n

Just for the sake of completing the numbers and for anyone who’s interested, rates for investors making less realistic deposits into to CoinFinance<\/a>, starting from $10,000 to $49,999 the offer is increased to 4% for 70 business days<\/strong>, giving a total profit of 280%<\/strong> in addition to your principal then being returned<\/strong>. For deposits from $50,000 to $99,999 the rate is 4.5% for 70 business days<\/strong>, allowing a final profit of 315% plus your principal to be added to that<\/strong>. And lastly for those spending upwards of a $100,000 minimum (maximum capped at $1,000,000) CoinFinance<\/a> are offering 5% interest for 70 business days<\/strong>, or 350% net profit in addition to your principal back on expiry<\/strong>.<\/p>\n

Incidentally, aside from making cash investments there are other less risky ways to make money from CoinFinance<\/a>, though generally speaking you will still need to have an active account with them. They’ve started running what’s known as a Bounty<\/em> scheme, the idea of which is to turn as many investors as they can into promoters. It doesn’t really matter what your skill set is like when it comes to doing more technically demanding tasks, there’s something in there for everyone. Small rewards of just a single dollar can for example be claimed by simply keeping your ref link open on social media profiles. Bigger rewards can be earned from more elaborate promotional work, such as making YouTube video reviews or if you organise and manage social groups on the likes of Facebook and Telegram. If any of this is of interest to you then you can find more details on the CoinFinance<\/a> website under the tab marked Bounty<\/em>, or simply get in touch with the admin.<\/p>\n

Payment options may or may not suit every investor out there, but they do follow recent HYIP industry trends of shifting away from the more traditional third party dollar based processors in favour of crypto-currencies. This now seems like more or less standard practice for many new programs getting started these days anyway. CoinFinance<\/a> currently use BitCoin, LiteCoin, Ethereum, BitcoinCash, Dash, and DogeCoin<\/strong>. Your investment will convert to USD on deposit and back to your chosen cryptocurrency on every withdrawal, so your real profit value will be heavily influenced by the market volatility in cryptocurrency trading. Keep that in mind when investing as earnings could rise or fall depending on the day-to-day exchange rate. On the plus side, all withdrawals to BitCoin, LiteCoin, and DogeCoin lower than $500 should be processed instantly<\/strong>, which essentially means all transactions as far as 99% of readers are concerned. Requests to other crypto-currencies and anything over $500 are paid manually by the admin within 24 hours<\/strong>. Just log into your private members account area, make the withdrawal request as you normally would, and as long as you are within those parameters the transaction will be set in motion immediately by the script. Smaller investors please take note \u2013 CoinFinance<\/a> have a minimum withdrawal policy of $1<\/strong>, so make sure you have enough because if you don’t your request is not going to be handled.<\/p>\n

Other than that I guess the security and design features don\u2019t really throw up many surprises either, with CoinFinance<\/a> being fairly typical of what you might find with HYIPs like this. Nothing particularly memorable but no obvious problems to complain about either and everything up to an acceptable industry standard. The website is running off a script under license from GoldCoders for example so it will have an instantly recognizable feel for most of the regular players who\u2019ll find it easy enough to navigate. For an extra layer of security CoinFinance<\/a> have also implemented SSL encryption by GeoTrust with an Extended Validation certificate for safer browsing and more secure transactions. Hosting is on a dedicated server with the support and protection of DDoSGuard which has been quite a hit among the HYIP admins lately.<\/p>\n

If you have any further questions for the CoinFinance<\/a> admin regarding his program or any account related issues you need to have dealt with then naturally you should always go to the FAQ section first. If that doesn’t help then check to see if there is a Live Chat operator online as we are told this is a 24\/7 service. For more direct access to the admin you can get in touch either by filling in your details on the online customer support form and submitting it through the contacts page, or else simply by writing directly to the one of the listed e-mail addresses yourself (the exact address will depend on what your issue is). A postal address is listed in the UK where CoinFinance<\/a> has also been registered as a company, something which can be done quite easily and cheaply online but creates a better impression for HYIP industry newbies to spend a bit more. It comes with a phone number as well so feel free to try it if you expect someone might answer.<\/p>\n

There\u2019s really no more than that I can say about CoinFinance<\/a> for now I don\u2019t think. Just that if you are looking for anything like a business plan backing the whole thing up or further information about how they make money it’s just what you usually see on HYIP websites. In this case we are told that this is trading and investing in the cryptocurrency markets. It’s not a difficult thing to do I suppose, the admin may very well do a bit of this in his own time, but that still means there\u2019s no real excuse for you to start treating CoinFinance<\/a> like anything other than what it really is \u2013 an internet based HYIP, untraceable, and a risk. It might be a lucrative risk, then again it might not. So approach it with some degree of common sense and be realistic in what you honestly think such a program can genuinely deliver. Set yourself a sensible spending limit that you can easily afford to lose (because you can lose as well as win) and if joining CoinFinance<\/a> at all then try and keep them as a smaller part of a wider more diverse portfolio.<\/p>\n

If you\u2019ve given it any consideration then I\u2019d just like to finish up by asking what you guys think of the whole thing. Please answer the following opinion poll question, keeping in mind that it\u2019s 100% anonymous and untraceable. I think it will be interesting to look back on the results in the coming weeks\/months when we have a better idea when the industry starts to become more active again as the autumn progresses how things work out with CoinFinance<\/a>.<\/p>\n

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Will you make an active deposit with CoinFinance<\/a>?<\/strong><\/p>