Hey Everyone, welcome to my exclusive OneCoin Review! I have been following www OneCoin eu for sometime now. So is OneCoin a scam or not? That is the burning question seeing this company has absolutely exploded across the internet.
If there’s one thing to note about cryptocurrencies is they are very trendy and getting lots of buzz. One Coin seems to be leading the pack for sure with dozens if not hundreds of new comes following their lead.
They can provide a great value if you mine and use them properly. Because OneCoin has only been around since 2014 I am going to walk you through the entire company and business opportunity.
Multi-Level Marketing is certainly not for everyone and this cryptocurrency is a niche that hasn’t been around long. So it’s important you do your homework before joining.
OneCoin is certainly in a momentum phase. Could this really be a great option for potential investors and business builders?
Well OneCoin eu has recently announced that 320 millionaires in commission have been created since it’s inception. Monthly sales are also between $350 – $400 million per month.
These certainly are very impressive numbers.
Cryptocurrencies have certainly made a selected few very wealthy. The question you’re probably asking can it do the same for you? I would really consider getting into coins that are actually being exchanged on the market.
Bitcoin for example has been increasing steadily over time and there is no mlm aspect or business opportunity attached to it. The TokenPay Coin would be a good example of an up and coming crypto that will almost definitely get to the exchanges.
You also have exchanges like Nextexchange putting their coin together where you can trade through fiat currency.
OneCoin is just an MLM scheme and the coin has no real value period. It’s not being traded on any exchange.
The company was founded by Dr. Ruja Ignatova who launched the company in July 2014. The One Coin site is more than 2 years old.
There website “www.onecoin.eu” is hosted out of Bulgaria with headquarters in Europe operating worldwide. Their core market can be found in South East Asia, Europe, India and Africa with major expansion plans.
When OneCoin eu started a “Nigel Allan” was President but was terminated for unknown reasons.
Here is a legal letter that went out to all OneCoin affiliates:
Shortly After One Coin Owner Dr. Rujas sent out this follow up letter:
Nobody really knows what went down but there have been lots of rumors.
Recent interview with OneCoin creator Dr. Ruja Ignatova:
OneCoin Product is derived from “OneAcademy Online Education” program with different levels you can choose from. You have the ability to invest in tokens that can be acquired via trader packages and there are 5 packages to choose from.
The price differs and it goes from 100 euros to 5000 euros for the Tycoon trader package.
Here are the five packages that OneCoin eu offers:
www OneCoin eu
They also have the “activation kit” price option of 30 euros. This will maintain a specific position in the company not to mention that you also receive a free eBook which is a nice addition.
If you want to try out the OneCoin service they do offer a “Rookie Price” which is actually free of charge.
The rookie price will give you information on OneCoin and the product. They will also send you “Think and Grow Rich” as an added bonus. You also have the option of getting on their newsletter.
It’s possible these free bonuses have helped OneCoin eu see this massive growth trend over the past year.
OneCoin Two Year Goal
The site states that they have mined around 847 million OneCoins and their target in the next 2 years is 10 million people and 1 million merchants.
That is MASSIVE! Can One Coin really reach such numbers?
Ok, lets take a look at how this compensation plan works and how some of the people involved are making “millions” per month lol
Does that sound crazy or what? One Coin is making such claims. Wait till you see what their number one distributor is earning per month.
OneCoin Compensation Plan
Like any MLM company OneCoin eu pays on multiple levels.
The One Coin compensation plan is pretty easy to understand. Their website also has lots of videos and tutorials.
The bonus plan does seems to be a very profitable if you know how to market and can build a team that duplicates.
Like any MLM company. If you want those big bonuses they are usually not easy to get!
Obviously, the ability to access a coin mining service is a very good one and unlike other similar systems on the market this one seems to be working well.
Their approach seems professional and certainly unique.
OneCoin eu – No Guarantee
Obviously, One Coin is in massive momentum phase but I can’t promise that you will join and make millions. I have seen other companies have similar growth only to crash and burn sooner rather than later.
Like any other Multi-Level Marketing companies it really is up to you. The approach in OneCoin is no different. You have to build big team and maintain.
OneCoin does make coin mining simpler and it does tend to deliver quite a lot on its promise. But, as we mentioned earlier it does require you to work very hard in order to fulfill your goals.
It’s not a simple process for sure, but it’s an interesting one.
OneCoin – 80% Return On Investment
The company claims that you can get an 80x return on the initial investment in around a year. I have seen other companies claim such returns on money and most of them went out of business.
We are all familiar with HYPE companies that promise you 1.5% – 4% per day. Most of those were shut down. The ones that still exist seem to be more of an underground movement.
We call these “churn and burn”. They move from company to company trying to grab some momentum money then jump to the next flavor of the month.
One Coin – $4 Million Per Month?
If you like fast money and like risk this may be for you. All things being equal there are no guarantees.
The approach that they have here is unique, refined and certainly different. It’s quite remarkable how much some of the distributors are earning.
I’ve been around the industry since 2002 and I can’t remember a distributor in any company earning $4 million dollars per month. That’s more money than most actors and professional athletes are making. One Coin is making some huge claims which I have found through experience is almost never a good thing.
Juha Parhiala, OneCoin’s number one distributor, is also living in Thailand. Could you imagine what kind of a lifestyle he has in a third world country making that kind of income? Or maybe he’s there for different reasons?
Also, 7 of the top 25 income earners in the entire network marketing industry are with OneCoin.
These are the top 25 distributors in network marketing:
That is just insane if there is any truth to it. I have been around network marketing for about 15 years. It is the first time I have ever heard of a distributor earning this kind of income. One Coin distributor Juha Parhiala is earning a cool 50 MILLION per year? Seems a bit crazy. Dexter Yager who’s been with Amway for DECADES is earning around a million a month which is still a ton of money but you can see how that’s possible. $4 Mill a month in a couple years.. Hmmmmm!!
OneCoin – Scam Or Not?
I wouldn’t call OneCoin a scam. However many people would definitely disagree.
OneCoin pays their affiliates on time with a few hiccups here and there with banking issues. They don’t seem to be hiding anything but there certainly are lots of ‘grey’ areas.
However, One Coin is a new company and many people could be riding the “hype” train.
With these type of numbers I’m sure the regulators are picking OneCoin apart so for their sake I hope they are 100% legit and not doing anything shady behind closed doors.
It’s very common for the FTC or other regulatory branches to shut down companies they deem as some sort of Ponzi or scam. Countries and banks have been looking at One Coin for some time now. When a company blows up fast and these HUGE income claims are being released it’s never a good thing for long term sustainable growth.
One Coin has seen incredible growth.
It’s hard to stay under the radar when a company is seeing such growth. With so many rules and regulations in the MLM world nothing is a guarantee.
There are 40 year old MLM companies that the authorities are still trying take down calling them a Ponzi schemes and the like.
For that reason I’m out.
One Coin – Bottom Line?
One Coin is not the only ‘make money online’ program hitting headlines these days. Scam or not there are plenty of ways to make money online beside this One Coin cryptocurrency program. There are hundreds of legit opportunities out there that can make you good money.
Cryptocurrency programs are without a doubt on the riskier side of business opportunities. When I see companies claiming their top distributors are earning in excess of $4 million dollars per month the red flags start to fly. It’s one thing if a company has been around for a long time but that is not the case with One Coin. It’s only a few years old.
Should you use this One Coin cryptocurrency? It all comes down to how open you are to the idea of virtual currency. People are making a lot of money with One Coin but how long will it last? Some countries have already ban One Coin and many banks won’t take their business. Just seems to be a lot of questions.
Overall, I’m not telling you not to invest your money in a program like One Coin. I’m just saying there are lots of companies and ways to make money without so much uncertainty.
If you choose to join OneCoin eu I really wish you lots of luck! www OneCoin eu is definitely one of those ‘rollercoaster’ type of companies. It’s not like joining an older, well established company that you know will be here in a year and has been paying on time for the past 20 years.
In retrospect there really isn’t much excitement joining a dinosaur of a company. It comes down to what type of person you are and how much risk you can take. If you are already in OneCoin, please share your experience below in the comments section.
Hope my OneCoin review helped answer some or all of your questions. Make sure to subscribe below and get my special tips and strategies I only share with my subscribers!
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Tam Vu Ai says
Hi. I really respect your above artical. I invested in Onecoin in Octorber 2015. I see they do everything clearly not scam. When I place order to sell coins 5 times a week then my 3 orders been executed. It means I can withdraw 60% my capital back. Everything was good but after october 2016, the banks in Hongkong, Singapore, Tanzania and others frozen the Onecoin accounts so they now have no bank to transfer. Now we can not withdraw money. The banks say Onecoin is scam with its pyramic and multi level market. Im very sad. I do not know why the banks closed Onecoin’accounts.
Hi Tam, sorry to hear the bad news. The problem with companies such as OneCoin even if the company or company owner is really trying to help people make money the SEC or other regulators don’t see eye to eye. OneCoin is just one of many companies that have had problems such as this. If you’re having problems with the banks that is almost always a bad sign.
just to check
They certainly DO NOT “pay their affiliates on time” There’s no way they are going to be around in 40 years time or even four years, This is such an obvious Blatant scam that regulators have been shutting them down worldwide.
Hi Allan, thanks for your reply. That’s usually a bad sign when people aren’t getting paid on time. I’m not an affiliate but that’s what I have been hearing recently. There are other ways to make money online I’d stay away from this one personally.
pls could you tell us what other legit ways yo make money online… Austin
Hi Austin, there are lots of ways to make money that are completely legit. Depends what you’re looking for. If you’re feeling overwhelmed or not really sure what is best make sure you get on my list. I give lots of free marketing tips and from time to time will show you ways to make money online. If you have any questions you can email me here: email@example.com
Thanks for this. I am being pitched the idea of this business, I don’t doubt the legitimacy of the business as it’s not the first company in the industry but am skeptical of how much most of its members understand the system and the longevity of such business in world market. I am also concerned the competition it would face from it’s rivals and other sectors from financial world. I am convinced if the idea but not 100% if this can be a durable business? If you are a member please help me understand…Thanks all
Hey Sam, I am not a member of OneCoin and it seems as if similar companies are popping up almost daily. If you get involved just don’t spend more than you can afford to lose. If I come across current news I will surely email it over to you.
Hi plz tell me,, about Onecoin is scam or not? I am investing a lot of money,, I can’t understand ,, plz tl me,,
Hello Vivek, everything comes with risk. I would talk to some of the members. Always do your homework when you invest money. If I hear anything I’ll be sure to report it on my blog!
I’m a member of one coin. In my conclusion so far they are using the hype of crypto currency and sharing successful stories of Bit Coin to motivate people.
On the other side with network marking they are paying so much to their members who bring the new business which is worrying me in a sense that company itself not generating revenue to make its worth in future market.
Thirdly and most importantly would all these big banks and regulators allow any thing which can reduce their own businesses.
And within company atmosphere I just didn’t like that they don’t allow or keep any answering questioning session, why they are avoiding it?
Hi Ali, unfortunately I can’t answer you with 100% certainty. What I can tell you is that companies with banking issues usually not a good sign. I was with two companies in the past that started having banking issues. When a bank doesn’t want your business there is a reason. Usually the risk far outweighs the rewards. When this happens companies sometimes switch over to Solid Trust Pay, Payza or some type of ewallet. That’s never a good thing. It’s the end of the rope sort of speak. Sometimes they can even freeze accounts and you can’t get your money out. I lost almost 100k in a Payza account one time. Everything comes with a bit of risk but some have a lot more risk than others for sure. Hope this helped a bit!
Waqas Memon says
Its me waqas ..
Dear can you guide me about one Coin business ??
Do u have any specific questions?
Hi josh ,
I have recently joined onecoin and got my 2nd bonus today but i haven’t withdraw my money yet. Few of my friend are doing it back in UAE and Pakistan. They never had an any issue in withdrawing money through banks. I dont know what gonna happen here in Australia. Company has also announced it last week that they will be in market by 2018. what do you think what will be the future of it.
Hi Mateen, yes according to an official OneCoin / OneLife press release they plan to take their cryptocurrency public in 2018. Only time will tell if this will happen. When a company grows this fast there are a lot of moving parts. Hope it works out for you in the long run!
I have invested the money I didn’t get any money from Onecoin it seems to be scammed
When u said there are other ways and opportunities with less uncertainty, can u elaborate that ?
Hey Ali, well there are a lot of ways to earn income online without worrying if your checks gone in a week or a month. I understand the excitement factor of joining a new company that has momentum. It can be a lot of fun and you can absolutely make money. However you can lose your check as fast as you made it. My suggestion is if you’re going to join a new company make sure they’re not experiencing all kinds of issues and that their product or service is legit. Make sure you’re signed up on my list. I will answer your question. Get signed up by downloading my free report or subscribing. No worries nothing to pay for!
Grégory LEFEVRE says
I totally agree with your article. Thanks for this writing.
I did not join One Coin because i have done a lot of research and they were so much negative points that discourage me in the past.
By the way, giving such remuneration is quite worrying me in such short time, it is very strange for a new business , even if it is a momentum MLM activity.
Hope it will not hit too much people if in 2018 there is nothing.
Thanks for your analyze, continue like this !
Sure, glad I could help.
Ross Babcock says
I joined Onecoin about 2 years ago. They have said that it will authorized for US sales for the last 2 years. Now onecoin.eu is completely blocked in the US and the only way to get to it is through a VPN. Customer is virtually non existent. The government has labeled it a ponzi. I have know idea what the state of my investment. My upline is unavailable. I am very disappointed!
Sounds like more of a headache then a biz op 🙁
Me as well. I never got my commission from the people I invited to join. Then i also cannot withdraw the onecoins that has been mined on my account.
Simon Jones says
Hei Josh – after so much time has passed since you first wrote this piece, I just wonder if your opinon has changed on OneCoin?
I am considering investing, but the bad news surrounding it, and the methodology by which it operates (pre ICO, IPO) is worrying me a bit.
and Kind Regards.
Hey Simon, personally I would not invest or build OneCoin as a business. If you are a fan of cryptocurrency feel free to email me direct at firstname.lastname@example.org and I can maybe point you in the right direction! I have a lot of friends working in that area that are legit and do well.
Leonora Alfonso says
Hi Josh, i have been in the onecoin for almost two years now and i have even put my husband, and two daughters in the one coin but until now i have never got any return of our monies from the onecoin. I have read a lot of comments and bad new about this company now and it makes me think of negative things about them. I also see video promises from the founder but i doubt if it will come true because some of the promises before was forgotten.
Hi Leonora, yes it’s unfortunate and a lot of people in same situation. If you want to build a real business I would say build a crypto portfolio with real coins that are being traded on exchanges. There are also programs where you can earn bitcoin daily through mining and trading.
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Josh Paiva says
Thanks glad I could help