This is SCAM project already! Do not invest there anymore!
Coin Transfer has been online since December 20. They are an investment company and are registered in England. They don’t say too much about their investment activities other than that they are involved with high yield investments dealing with electronic currencies — and that they are very good at what they do. Maybe we should just be happy with that explanation…
There is only one investment program with Coin Transfer and it is very simple to understand. They guarantee a minimum interest rate of 2.1% per day for 21 calendar days (sounds like someone likes the digits “2” and “1”). At the end of the 21 day period, that comes to a minimum of 44.1%. In the past weeks, they have paid a slight bit more on a few days (there is a daily record of interest paid on the site) but, for purposes of estimating, it is probably wise to think in terms of 44.1%. The minimum investment to get started is only $5. There is no upper limit.
Forty four percent interest in only three weeks is outstanding. As far as HYIPs go, I would say that this is somewhere between a short and medium term investment program. Shorter term programs with higher interests are generally more risky investments. However, who knows? Maybe the folks at Coin Transfer are really as good as they say they are at making successful high yield investments. Now, wouldn’t that be nice…
As a simple example, if you invested $100, after 21 days, you would have earned $44.10 in interest. It looks like interest is posted daily and that you can withdraw it on a daily basis. I assume that you must leave your investment in place for the full 21 days and that, after the end of the investment period, you will be able to withdraw it. This isn’t clear.
Coin Transfer has a nice referral program. It pays 10%, 2%, and 1% on deposits of investors in a person’s first three lines in their “Basic” affiliate program — which includes anyone who has registered. If you invest $500, you will enter their “Representative” affiliate program which increases the previous amounts to 14%, 3%, and 1%. These are very significant bonuses, double that of many other HYIPs. So, a diligent recruiter could make a decent income from deposits by his downline.
Right now, payment processors that Coin Transfer can handle are limited to Bitcoin and Payeer. It would be a welcome improvement if this selection could be increased in the near future.
Coin Transfer claims that one of its strong points is almost instant transactions, the only limitation being the speed of the payment processors involved. This implies that Bitcoin might be a tad slow, given the added security that transactions go through when transferring funds by this means.
Contact options with Coin Transfer are pretty much limited to email; there is a support email address as well as a support form (which are essentially equivalent). There is no phone or chat support. Although some folks will miss these latter contact methods, unless an urgent matter comes up, I’m very happy with good email support. I emphasize the word “good.” If you have to wait a day for a response to an email message, that’s far from good. Let’s hope that, given the limited contact options, email support from Coin Transfer will be “outstanding” — better than “good!”
Well, this is a short review, the reason, of course, being that Coin Transfer offers a simple and easy to understand investment program. If you like this simple direct approach, perhaps you might want to consider adding Coin Transfer to your investment portfolio. However, always weigh the risks carefully when investing in any HYIP. It is as easy to lose as it is to come out ahead. Good Luck!
