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PlatinCoin Review: PlatinCoin.com is a fraudulent Crypto Platform

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PlatinCoin Review: PlatinCoin.com is a fraudulent Crypto Platform

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PlatinCoin is a crypto company that promises a steady flow of passive income through its crypto mining services. Its domain, PlatinCoin.com, entices the users to invest in this company by promising a 30% annual return over the period of 10 years. Since the company is making such tall claims, it is only fair that we review in detail to determine its authenticity and legitimacy.

Overview of PlatinCoin

PlatinCoin promotes itself as some kind of golden opportunity for the users to earn passive income through state-of-the-art blockchain technology. It promises you an annual return of up 30% over ten years. Moreover, it describes the smartphones as the perfect technology to connect with crypto technology and earn passive income. PlatinCoin.com is claiming that you can use its coins for both small and large-scale trading and payment purposes.

Founder of PlatinCoin

The company does not give any information about its owner. PlatinCoin.com was registered in 2016. Moreover, the company registration indicates that the domain is registered to PLC Group AG, Switzerland. However, the address belongs to Regus that shows an address of a shell company is provided.

The marketing videos of PlatinCoin features Alex Reinhardt as the CEO of the company. However, these videos were removed from the website, indicating that the crypto platform is trying its best to hide the identity of the founder. Reinhardt is an affiliate of SwissCoin and has been promoting it in numerous places. He lives in Germany. SwissCoin was a Ponzi crypto company that is facing legal issues in Switzerland.

It shows that Alex Reinhardt quit SwissCoin and established his crypto company. The business model of PlatinCoin is extremely familiar to the SwissCoin, establishing the fact that it is another Ponzi crypto scheme.

PlatinCoin.com

Sign-up Procedure of PlatinCoin

The company does not offer any retail products or services. The only way to earn any kind of compensation from PlatinCoin is through its affiliate membership. It is like any other affiliate membership company. However, PlatinCoin.com is trying to present the membership structure as a sophisticated scheme that will attract the users.

The site is claiming that once you have bought the affiliate membership of the company, you will get access to PLC Network, PLC Market, and crypto training content. The platform describes PLC Network as a crypto social network. Whereas, PLC Market is an online store. However, none of these platforms have their websites, indicating they are not even functional yet.

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PlatinCoin mentions a very ambiguous way to join the platform. You can invest any amount between  €5 and  €10,000 to become an affiliate. However, the differences between the amounts of investment are not clear. It Is likely that the more money you invest, the more access you will get.

Features of PlatinCoin

Transparency

PlatinCoin describes itself as a 100% transparent and secure platform that is capable of solving the issues of online payments. Most of the marketing is around crypto mining. However, it claims to offer crypto trading services as well.

Speed

The company claims to be capable of managing the crypto transactions at the optimum speed without any proof. It claims to have modern blockchain technology that allows it to conduct rapid and efficient transactions. Only a few companies are actually able to handle an immense load of crypto transactions. There is no proof that this platform can actually manage the crypto coins and quickly transfer them.

Integration

Integration seems like one of the most attractive features of the PlatinCoin.com. It is claiming to have strong partnerships with leading crypto companies like Bitcoin and Ethereum. However, there is no proof of such associations. It is possible that the company is lying about its partnerships.

Generating Income

PlatinCoin.com is encouraging the users to spend their actual financial assets in the company to get the crypto coins in return. The company claims that the more money you spend, the more coins you will get and more crypto mining and earning opportunities. Moreover, it is asking the affiliates to promote the platform to increase the price of the crypto coins.

Financial Freedom

PlatinCoin is marketing itself as a mass-market company that allows the members to mine crypto coins and earn profits by relying on its blockchain technology. It encourages users of any age and locality to participate in the company and earn profits.

PlatinCoin

The site is also promising you a quick, reliable, and efficient way of transferring the crypto coins. It is quite evident that the marketing of this company is all over the place. Instead of targeting one particular aspect, it is claiming to be the solution to every crypto problems. Hence, you should not trust this company because it is trying to entice you to invest in the company without providing any solid earning opportunities. If you want to earn profits in the crypto industry from a genuine and trustworthy platform, you should use the crypto trading bots that offer flexible account plans to earn profits via crypto trading. 

Mining Crypto Coins with PlatinCoin

PlatinCoin.com gives four basic steps to mine the crypto coins with this platform and earn profits.

  1. Register at PlatinCoin.com as an affiliate and get access to the tools that will help you in learning passive income.
  2. Buy the Power Minter that fulfills your crypto mining requirements. It has a number of payment options to allow you to choose the best option.
  3. You also have to download the Farm and PLC Wallet application on your smartphone to access the mined crypto coins.
  4. The company is claiming that new coins are added to your wallet every 23 hours. You can use the PLC wallet to spend the coins on various platforms. However, the coins mined by PlatinCoin.com are not actually tradeable, which makes the entire operation quite suspicious. The site provides the links to PLC Wallet and PLC Farm and describes them as safe, secure, and user-friendly application to mine crypto coins and earns profits.

Final Verdict About PlatinCoin

The most prominent feature of the company that proves its scam nature is the founder of the company. It tries its best to hide the name of the owner. However, Alex Reinhardt is running the company. He was associated with SwissCoin, another crypto scam.

Moreover, the marketing of the company is extremely confusing and suspicious. It is clearly selling the non-tradable crypto coins. Yet, PlatinCoin.com mentions at one page that the platform is selling crypto training content and other crypto technology solutions. At the same time, other pages of the website encourage users to buy the affiliate membership to get the crypto coins.

The coins that you will get from this company does not have any real value in the crypto market. Therefore, you will end up losing your money. In fact, the entire business model seems to be revolving around the affiliate membership. It means the company is surviving on the income from affiliates. It can collapse anytime due to a lack of recruitment.

Hence, PlatinCoin is a fraudulent company. It is not what it claims to be. You cannot expect any significant profits from this company. Moreover, the suspicious origins of the company are some of the many indications that you should not invest in this platform. Instead, you should use the trustworthy crypto trading bots. Such bots are suitable for both beginners and experienced crypto traders. Moreover, they are user-friendly and offer maximum customer support that helps the traders in earning maximum profits.  

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