Hit Coin Trade-Is It Legit Or A Scam?

Welcome to my Hit Coin trade Review. There has been some vibe about this company called Hit Coin,so I decided to find out what the company was all about and do some research on the company.

You are probably here because you have heard of Hit Coin and want to find out if it is a legit company or a scam.

Here is a detailed review on the company Hit coin and I would walk you through the Hit coin company,the compensation plan,the products and the verdict.

Hit Coin Trade Review – The Company

 

The domain name for the site was registered on November 21, 2017, but since the registration was done privately, it’s impossible to see who the owner is or where in the world it took place.

Something that did catch my attention is that Hit Coin Trade uses its website to claim that it’s a “European trading company based in the United Kingdom.”

This claim is followed up by UK incorporation information, and it’s tied to Hit Coin Trade Limited.

The incorporation for Hit Coin Trade Limited took place on December 1 of this year, and the address found is a residential one in London.

Ellis Davidson is listed as the one and only owner for the company, and try as I did, I was unable to find any outside information on Davidson outside of the mention of his name with the incorporation.

There is currently no info on Davidson aside from what is presented by the company for its incorporation.

It seems that the company is being run by a Russian or is centred out of Russia.

This is likely because when you visit the company website it defaults to Russian, and their national use of rubles for their currency.

There are also Telegram chat groups and Russian social media profiles offered by the company.

Alexa data identified Russia as the main source of traffic to the company website.

Hit Coin Trade Reviews – The Products

Hit Coin Trade has no retail products or services for affiliates to purchase or sell.

However, if affiliates wish to sign up with Hit Coin Trade, they can market the company affiliate membership.

The Hit Coin Trade Compensation Plan

Affiliates who want to participate in the company compensation plan are required to sign up and invest into the company.

When investing in the company, affiliates must invest with Bitcoin, Ethereum, USD dollars, or rubles, with the agreement of a ROI at a rate of 124% within a 72-hour time period.

The company offers referral commissions, which are made available on funds invested by downline affiliates and are paid out down to Level 3 of sponsorship (unilevel):

·         Level 1 (personally sponsored affiliates) – 8%

·         Levels 2 and 3 – 1%

Cost To Join Hit Coin Trade

The cost to join Hit Coin Trade as an affiliate is free, however these members are only able to earn commissions through referrals.

If a company affiliate wanted to fully participate in the business opportunity and the company compensation plan, he or she is required to make an investment of 0.0003 BTC, 0.006 ETH, $1 USD or 60 rubles at a minimum.

Is Hit Coin Actually Legit Or A Scam?

Hit Coin is actually legit and not a scam. However to be successful in Hitcoin or any network marketing company out there,it would depend on your lead generation technique,your ability to recruit and your marketing techniques.

Verdict on Hit Coin Trade

Hit Coin Trade claims that it can offer its ROI through “cryptocurrency selling”, and part of the company’s website elaborates on this in the following manner:

“We do not just sell on the market cryptocurrency, are engaged in professional traders with extensive experience in the investment market.

For us and our partners Hit Coin Trade has always been associated with reliability.”

In reality, there’s no evidence that any selling activity is taking place.

The only funds that are coming into Hit Coin Trade are that of affiliate investments, and as such, newly invested funds are used to pay ROIs that the company owes to other members.

After doing my research I don’t think this company is 100% legit…

We do not just sell on the market cryptocurrency, are engaged in professional traders with extensive experience in the investment market.

For us and our partners Hit Coin Trade has always been associated with reliability.

Being that the company started up early December, this is a big statement to make…

So, if you were to take a step back, and really look at the company…

It fails one important test, a logic test, a scam test, a math test, well those are several tests, but if you were to do your research and apply just one of those tests you’d see what I’m talking about here…

If the company was working with professional traders and could really make ROI at a rate of 124% for every 72hr period, that would be simply outrageous, and that would also be about 15 000% per year…

So, when the new affiliate sponsorship slows down, that’s when the company will see a slow down in new capital entered on their books as well…

This will put a strain on the company’s ability to pay out ROI earned by its affiliates, which will ultimately end up triggering a company wide lack of funds causing the company to dissolve.

I hope you enjoyed my Hit Coin Trade review and if you have any questions, please leave them in the comments below…