XtremeCoin is a bitcoin investment scheme that promises to help you get rich quick through the power of referrals. Find out if it’s a scam or a legitimate opportunity today in our review.
What Is Xtreme Coin?
XtremeCoin, found online at XtremeCoin.com, is a bitcoin investment company that promises to help you turn your money into more money. The company uses a multilevel marketing-style structure: you pay a fee to join the company, then convince other people to pay the fee through your affiliate link.
Right away, there are some concerning things about XtremeCoin. The company claims that it’s entirely transparent and run by “real people” – yet uses stock images of random people throughout the entire website. The website also prominently features images of Richard Branson, Bill Gates, and Marc Andreessen – despite the fact that these three successful men are not involved with the project.
The website also lists a fake address on Wall Street as its “headquarters” in an effort to convince people it’s a legitimate investment opportunity.
Let’s take a closer look at how XtremeCoin claims to make you rich.
How Does Xtreme Coin Work?
XtremeCoin has a basic two step moneymaking process:
Step 1) Pay a Membership Fee: XtremeCoin lets you choose from multiple packages. The more money you give the company today in your membership fee, the more commissions you’ll have the chance to earn.
Step 2) Convince Friends and Family to Join: Your next job is to convince friends, family, and anyone else to pay the membership fee. You get a cut of their membership fee when they sign up.
These are the only two steps listed on the official XtremeCoin website. If you perform these steps, you’ll be able to “begin building your bitcoin fortune”.
Ultimately, you’re just paying for entry into a scammy bitcoin cycler program. You pay a fee to join. Then, the only way to make a positive return on your membership fee is to convince other people to pay that fee. If you do this enough times, then you’ll make a positive ROI.
We can’t find any evidence online that anyone has been legitimately paid by the company, or that anyone has been able to withdraw money.
Xtreme Coin Pricing
XtremeCoin claims that it’s the only bitcoin pyramid scheme without a monthly membership fee. This isn’t true. Most of the company’s memberships come with monthly fees. Worse, the company isn’t transparent about these fees at all. It’s not immediately obvious that you’re paying these fees monthly.
- Sapphire: 0.05 BTC (one time payment), pays commissions of .15 BTC
- Pearl: 0.10 BTC per month, pays commissions of 0.30 BTC
- Ruby: 0.25 BTC per month, pays commissions of 0.75 BTC
- Emerald: 0.50 BTC per month, pays commissions of 1.5 BTC
- Diamond: 1.0 BTC per month, pays commissions of 3.0 BTC
- Blue Diamond: 4.0 BTC per month, pays commissions of 12.0 BTC
- Xtreme Diamond: 10.0 BTC per month, pays commissions of 30.0 BTC
- Executive Club: 0.15 BTC per year, pays one-time commissions of 0.05 BTC
XtremeCoin also has bizarre incentives attached to each membership program. The company has travel benefits, including discounts on hotels and rental cars. You don’t get anything for free: you just get discounts of 5% to 30% off vacation packages. The company doesn’t explain where those vacation packages can be purchased.
Ultimately, best case scenario, you’re making triple your money on all of the above plans – and that’s only if you convince dozens of other people to join the company.
Who’s Behind Xtreme Coin?
XtremeCoin repeatedly claims to be transparent and open. Unfortunately, this appears to be yet another lie. The company’s website has no information about who’s running the operation. The website is filled with stock images. We don’t have a single name of anyone attached to the project.
Making things look even worse for XtremeCoin is the fact that it lists a Wall Street address (99 Wall Street #1630 in New York City) as its headquarters. This appears to be a fictitious address: a Google Search for the address only gives us results for XtremeCoin.
XtremeCoin.com was registered on May 30, 2017 to an anonymous individual. There appears to be an email address from India (firstname.lastname@example.org) linked to the admin account for XtremeCoin.
Xtreme Coin Conclusion
Ultimately, XtremeCoin is a blatant scam. The company makes enormous promises about how much money you can make, and how transparent they are. They list a fake address in New York City, then refuse to disclose any personal information about themselves online.
When someone asks you to send thousands of dollars online, yet refuses to disclose their identity, it’s a sure sign you’re being scammed. We also have no proof that anyone has been able to withdraw money from the platform.
For all of these reasons, XtremeCoin is one bitcoin scam you should probably avoid.