RegalCoin – Scam or Legit Cryptocurrency?

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RegalCoin – Is it a scam or is it a legit cryptocurrency and investment scheme? There seems to be new digital currencies joining the fray all the time these days, but can this one be trusted?

Let’s take a closer look and uncover the truth….

 

 

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RegalCoin - Scam or LegitCompany Name: RegalCoin

Owners: Unknown

Price To Join: Investment Required

My Rating: 0/10

 

 

~ RegalCoin Reviews ~

 

What Is RegalCoin?

RegalCoin - Scam or LegitWell, the very first thing I tried to do when I arrived at the RegalCoin website was open their FAQ for more information, but the page refuses to load. Whether their FAQ page no longer exists, I don’t know, but not a good start in my eyes.

What do we know about RegalCoin then?

Well, it’s a new player in the cryptocurrency marketplace. I’ve literally seen dozens of new digital coins enter the market in the past few years with the surge in popularity of Bitcoin in recent times. DasCoin springs to mind. The domain for their website was registered in Hong Kong in July 2017, but that’s all I could uncover about the company or people behind RegalCoin; which makes me really suspicious.

This coin is totally unregulated by the government and transfers can take place anonymously just like with Bitcoin and other cryptocurrencies. Also note that they state the number of digital coins available in RegalCoin are limited. I don’t know if that’s true or not, but that’s what RegalCoin state.

 

How Does the RegalCoin Investment System Work?

The company has no products of any kind. What they offer is an investment opportunity where you buy into their platform with Bitcoin and earn profits in this unknown and untested cryptocurrency. So essentially you are swapping your proven Bitcoin for a digital currency that may or may not turn out to be totally worthless.

This is a MLM (multi level marketing) investment opportunity, where you invest at various levels, then actively recruit others into the scheme, earning commissions when they make investments.

Basically it’s just a Ponzi scheme leaning on the popularity of Bitcoin to drive interest and investment. A Ponzi scheme is a money making system that relies totally on recruitment to keep the scheme going. Also, a Ponzi scheme has no products and relies on the money of new investors to pay the profits of previous investors. As soon as recruitment slows or dries up, the entire scheme collapses like a house of cards.

 

RegalCoin Getting Started

 

RegalCoin Compensation Plan

When you join RegalCoin you become an affiliate for the system. This means you can start earning commissions by recruiting other investors. However, you must first invest some genuine Bitcoin yourself before you will be eligible to earn a digital dime (or RegalCoin in this case).

There are a number of ways you can earn with RegalCoin. With staking (which is investing and waiting to make a profit by earning interest) you stand to earn a 10% increase within the first 12 months. Next there is trading, buying low and selling high. The third way you can earn is by lending. Here RegalCoin state you can make as much as 50% profit per month or a massive 600% profit in a year!

There is another way to earn, and that’s by being an affiliate of RegalCoin and getting involved in the MLM side of this scheme. When you recruit new members into RegalCoin you stand to earn commissions on their investments.

It’s a unilevel compensation plan, meaning you can recruit as wide as you like and set up heaps of downlines. When it comes to the downlines themselves, they run 3 levels deep. They also incorporate a binary MLM structure into every downline. This is what you can earn:

  1. Level 1 = 7%
  2. Level 2 = 2%
  3. Level 3 = 1%

 

Binary MLM

 

Is RegalCoin An Illegal Pyramid Scheme?

I would say it is. A naked pyramid scheme (the illegal version) is a scheme that has no products of tangible value and relies on recruiting to stay afloat. That’s exactly what RegalCoin is all about.

This is how I make my living entirely on the internet.

 

Target Audience

This targets people looking to invest further in the world of cryptocurrencies. As you need to invest in Bitcoin, it’s not really targeting newcomers to the digital currency market. I think what schemes like this are really aiming to do is suck people in with the get rich quick mentality, relieve them of their valuable Bitcoin, and replace it with some other digital coin – RegalCoin, Regal7 – that could be worthless.

 

Brain-A-Thon Banner

 

What I Like

  • I’m actually struggling to find anything I like here, as I’ve seen this same dodgy scheme played out over and over again. The claims of profits are high, but do you actually ever receive anything?

 

What I Don’t Like and Red Flags

  • It’s very hard to pay out a profit in RegalCoin against the value of Bitcoin invested when no one even knows the value of RegalCoin
  • This is nothing but yet another Ponzi scheme playing up to Bitcoin’s immense value and popularity
  • There’s not way I’d be swapping any Bitcoin for this
  • This scheme just looks like a way for the anonymous owners to mine Bitcoin with some other made up digital currency that no one knows about
  • Why are the owners of this scheme hiding? Why are they not transparent about who they really are?
  • If you invest your Bitcoin in this and the scheme collapses, you lose your coin and the owners run away with it
  • These schemes are always doomed to fail sooner or later and most people end up losing their investment
  • The anonymous owners make money no matter what, because every investor is transferring their Bitcoin over to these unknown people running the show. The owners can then do whatever the hell they like with it. You don’t even know who they are

 

How Much Does RegalCoin Cost?

They say it’s free to join as a RegalCoin affiliate, but you can’t do anything until you invest some of your own Bitcoin.

 

Bitcoin Logo

 

Is RegalCoin a Scam?

I believe it’s a scam, yes. Why do the owners hide their identity if it’s above board?

I’ll tell you why. So when they run off with your proven Bitcoin and leave you with worthless RegalCoin, they will be sitting pretty and you won’t know who to even go after to get your money back.

Do you really want to risk investing in a Ponzi scheme that, even if the payouts are real, is doomed to fail? This one’s even worse, though, because you are trading Bitcoin for something that might be worthless. That’s like trading your dollars for a bucket of mud.

Ponzi schemes always crumble because as soon as recruitment dries up, so does the program. Recruitment is hard to do and even harder to maintain a consistency, and that’s what’s required to make a profit from a scheme like this.

More than likely you’ll simply swap your Bitcoin for RegalCoin and that’s the last you’ll ever see of it. Take the chance and roll the dice if you want, but I strongly advise against it.

Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.

 

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Darren Burton

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I am an author, online entrepreneur and internet marketer. I work from home and anywhere else in the world I choose to work. I've been making a living online since 2010, and you can do it too. I'm here to help.

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