{"id":16413,"date":"2020-01-15T03:45:30","date_gmt":"2020-01-15T09:45:30","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=16413"},"modified":"2020-02-11T16:27:05","modified_gmt":"2020-02-11T22:27:05","slug":"15-01-2020-coinwallet-review-and-daily-news-from-the-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2020\/01\/15\/15-01-2020-coinwallet-review-and-daily-news-from-the-hyip-industry\/","title":{"rendered":"15\/01\/2020. CoinWallet Review and Daily News from the HYIP Industry"},"content":{"rendered":"

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

Hi everyone! I hope the new week has gotten off to a good start for you, especially now that things are looking up a bit in the HYIP industry again. There hasn’t been a great deal of interesting news stories to cover today, so mostly I’ve been busy with a brand new addition to the MNO monitor<\/a> called CoinWallet<\/a>, which I have to say for me personally at least if one of the most anticipated programs in recent times given that the admin paid in advance for Premium Listing<\/a> before Christmas while he set about getting to work on it. So for the main part of today’s blog update I’ll be analysing the most important points of the program and seeing what they have to offer.<\/p>\n

CoinWallet<\/a> follows in the style of what I usually describe as a \u201cperpetual program\u201d, in other words once you join and make a deposit there is no fixed term. CoinWallet<\/a> will continue to pay you for how ever long the program manages to survive. Of course that doesn’t mean that you are necessarily stuck there either, as perhaps the term open-ended might be a better description for CoinWallet<\/a> as there is an early opt-out clause. It’s essentially the same thing though, with the admin paying you on a regular and fixed basis for the entire duration. Now whether that\u2019s going to be a day, a week, a month, or a year I really can\u2019t say. But once you are in then that\u2019s it, you stay in and you keep getting paid until such a time as you decide you want to leave. The only stipulation is that you must keep an active deposit for at least 24 hours<\/strong>, but after that the rest is up to you depending on your own personal strategy. Anyway, let\u2019s see what CoinWallet<\/a> is all about and whether you like it enough to join or not.
\n\"CoinWallet\"<\/a>
\nI guess the best way to start things off with CoinWallet<\/a> is by looking at their investment plans. Putting it into the most basic terms, as outlined above the plan has no expiry date<\/strong> and pays investors on a perpetual basis<\/strong> until either they decide to leave by themselves or the program collapses, whichever comes first. Therefore the exact figure you eventually come away with will depend on the length of time you choose to stay a member, in other words the longer you stay the more payments you can collect. The minimum requirement for joining is $10 (the exact figure varies for different currencies, but I’ll get to that in a moment) and for all deposits regardless of size CoinWallet<\/a> are offering an hourly interest payment of 0.15% (which is the equivalent of 3.6% in daily terms)<\/strong>. This approach makes CoinWallet<\/a> one of the few programs to treat all investors equally, both big and small with everyone having the same expectations about their final percentage earnings.<\/p>\n

So let\u2019s look at a theoretical example of how that might play out in monetary terms. If you were to have for example a $100 deposit you would earn $0.15 every hour, or $3.60 every full day. However when it comes time to release your principal you should only expect to get $95 back from the full hundred because CoinWallet<\/a> charge a 5% processing fee for doing so. With this in mind while still profitable it makes a lot more sense to leave your principal in place a bit longer and continue earning. This fee only applies to your final principal return and does not affect your interest payments.<\/p>\n

Personally I try to avoid giving people any advice on strategy when it comes to the HYIP industry in general, and particularly programs such as CoinWallet<\/a> where there are as many ways to play it as there are individual investors. Simply because it’s too much of a private and personal matter, where everyone has different needs, ambitions, expectations, and budgets. But still, the issue does need to be given some serious consideration before joining, or at least it does if you want to make the most efficient possible use of your CoinWallet<\/a> account. To expand on that a bit further, 0.15% per hour gives 3.6% interest per day, 34 hours by the time you can release your principal without losing any money in fees and keep the profit you\u2019ve earned, 25.2% interest per week, and would allow you to double your money in just short of 28 full days.<\/p>\n

As I’ve said many times before when reviewing programs with a similar open-ended business model such as CoinWallet<\/a> (i.e. other perpetual style HYIPs), as a professional monitor I\u2019m committed to CoinWallet<\/a> for how ever long the admin can keep it running. That may or may not be the best course of action for you, but it\u2019s one that I\u2019m happy enough with. It’s up to you to decide what strategy best suits your needs, for example you might have a particular date in mind when you know you will need your principal back, or maybe you have a fixed financial target such as a 50% return on your investment, or maybe double your money, and so on. Or you could always \u201cplay it by ear\u201d as they say, and continually reassess the performance of CoinWallet<\/a> on a week-by-week basis and decide as you go. That might even in many ways be the most sensible approach.<\/p>\n

If you decide to join then the next thing I want to discuss is what payment methods are available to you, and what are the main practical differences between using one over the other. CoinWallet<\/a> accepts eight popular payment methods including PerfectMoney and Payeer<\/strong> if you prefer the hard currency based third party handlers, and BitCoin, LiteCoin, Dash, Ethereum, DogeCoin and BitcoinCash<\/strong> if you favour cryptocurrency payments. As I mentioned before the minimum requirement to join CoinWallet<\/a> is a very affordable $10, though obviously that only goes for investments made via PerfectMoney or Payeer. However the minimum needed to join with the various digital currencies is also very reasonable, in fact depending on the exchange rates of the day maybe even a little bit better. For example 0.001 BTC is the minimum BitCoin requirement, which at the time of writing was just marginally north of $8. The minimum deposits for the remaining payment methods include 0.035 BCH, 0.05 ETH, 0.13 LTC, 3,500 Doge, and 0.1 Dash. There are no maximum limits placed on how much you may invest with any processor.<\/p>\n

In order to withdraw you should have accumulated at least $1 on your available account balance (or 0.0005 BTC). The good thing is that most of the withdrawals are processed instantly, so you don\u2019t even have to wait before you see the money in your wallet. Something that most investors will like is that all withdrawals up to $100 going to PerfectMoney, Payeer, BitCoin, LiteCoin, and DogeCoin are processed instantly<\/strong>. Requests higher than $100 plus anything going to Ethereum, BitcoinCash or Dash (the other payment methods accepted in CoinWallet<\/a>) require manual approval though should still be paid by the admin within a 24 hour maximum<\/strong>. Smaller investors should be aware that CoinWallet<\/a> do have a minimum withdrawal policy, but it shouldn\u2019t be much of an issue as it\u2019s quite small. If using either of the USD based processors it\u2019s only $1. Different limits apply to the cryptocurrencies so check the CoinWallet<\/a> FAQ section for which ever one you are using. For example a minimum of 0.0005 BTC needs to be on your balance before you can withdraw there, and as of the time of writing that happens to be just short of $4 it\u2019s unlikely that very many people there will be earning enough to make an actual withdrawal every hour even though the interest is still being credited to their accounts.<\/p>\n

But at the end of the day you don’t have to wait for weeks on end before seeing a net profit. In fact it takes just 34 hours in total for you to have accumulated enough earnings to cover CoinWallet<\/a>‘s 5% principal return fee. Once that’s out of the way pretty much anything you make from that point on is your profit when you leave, but whatever you do don’t try to leave before that point at least.<\/p>\n

When eventually for what ever reason the time comes that you feel it best to withdraw your principal<\/strong> and leave CoinWallet<\/a> the process is quite simple and straight forward. You just need to click the \u201cMy Deposits<\/em>\u201d tab on the left hand side of your account area, and on this page you will then see the \u201cRelease<\/em>\u201d button. Please note that you will not see this button activated until the first 24 hour lock-in period has expired. Something you might want to keep in mind here is that CoinWallet<\/a> do allow both partial and full principal withdrawals<\/strong>, so depending on how things have worked out for you \u2013 let’s say you’ve already earned back an amount equivalent to your initial principal for example \u2013 you could if you want to just leave a smaller part of your investment in place and continue collecting a small passive income from it. Entirely up to you of course, it’s your money after all, and you can always change your mind later and withdraw the rest if you think the time is right.<\/p>\n

Looking at the design and security aspects of the website CoinWallet<\/a> is running off a licensed version of the GoldCoders script, always popular with investors and admins alike due to its dependability and ease of use. Even though some might not recognize it immediately as the CoinWallet<\/a> admin has made a few modifications to suit the program\u2019s own unique needs and requirements. For instance when entering your private members account area the landing page is a complete list of the various payment options. You click on the one where you are holding the funds you wish to access first, but can then easily toggle through the rest of the options using the drop-down box near the top right hand side of the page. CoinWallet<\/a> also give account holders the option to implement 2FA authentication which I suggest you use, this is especially helpful for protecting members money in programs that offer instant payouts. When it comes to a hosting provider the admin has CoinWallet<\/a> on a dedicated server with the support and protection from malicious attacks by DDoSGuard. And for an added layer of protection the CoinWallet<\/a> website comes with an SSL certificate by Sectigo for improved security on financial transactions and safer browsing. Further transparency can be found with a Payments Proof page that has been included where you can track and verify all the latest and historical withdrawals to members.<\/p>\n

If you have any further need to get in contact with the admin of CoinWallet<\/a> or any further questions or account related issues that need to be dealt with, then there are a couple of ways you can go about it. However as the FAQ section covers most of what you need to know you should definitely start with that. If that doesn\u2019t work then next up is the Live Chat option which you can use to find an operator by clicking the widget on the bottom right hand corner of any page on the CoinWallet<\/a> website. Otherwise you can either fill in the customer support form on the website\u2019s support page and submit it online, or else just write to the admin directly at the e-mail address listed alongside the form. Fans of social media will be able to connect with CoinWallet<\/a> on Facebook and Twitter, plus there\u2019s a telephone number to go with the program\u2019s UK postal address (albeit most likely a serviced \u201cvirtual\u201d workspace and not where anyone connected with CoinWallet<\/a> is physically located). Further support issues can be raised through the official CoinWallet<\/a> Telegram group.<\/p>\n

As far as the alleged business activities of the program are concerned, CoinWallet<\/a> describe themselves as trading in ForEx and cryptocurrencies to finance payments to members. There\u2019s a company registration certificate from the UK, however I happen to know these (yes, even the genuine ones) are quite easily and cheaply bought online with no questions asked. I mean at least the admin made the effort which is always good to see, but I wouldn\u2019t take that particular aspect of CoinWallet<\/a> too seriously. There\u2019s nothing going on there you can independently verify for yourself, so better treat them the same as any other online HYIP. Set yourself a sensible spending limit that you can comfortably afford to lose and will commit to stay under at all times, and if you do sign up for CoinWallet<\/a> then try and keep them as a smaller part of a wider more diverse investment portfolio.<\/p>\n

If you\u2019ve already come to a decision as to whether CoinWallet<\/a> is going to be a suitable addition to your portfolios or not, or indeed if you\u2019ve already joined and invested, perhaps you won\u2019t mind answering the following opinion poll. As always it will only take a second to reply, is completely anonymous and untraceable, and will hopefully show us what the average investor expects from a program before joining.
\nThe question then is:<\/p>\n

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Will you make an active deposit in CoinWallet<\/a>?<\/strong><\/p>