Is One Coin A Scam Or Great Opportunity?

So you want to know if you should invest in One Coin? Is One Coin a scam or a fantastic opportunity to get rich? My review of this program is very personal, since I have been investigation this company for the last 2 years due to one of my good friends getting sucked into their emtpy promises of a new worldwide monetary unit and losing a rather large sum of money.

Verdict : Scam and Not Paying

Rating: 44/100

Summary: One Coin is a multilevel marketing company, which officially is offering training in cryptocurrency. In reality, they are selling their own internal cryptocurrency, which they claim will be the future monetary unit. Their cryptocurrency, which value the company does not guarantee has a different value on the internal and external market. So far there are no venues where the cryptocurrency can be used, not even internally.

The company has closed branches in several countries, including US and several European countries, including Finland and Germany have opened official investigations towards them. Additionally One Coin has been forced to chance banks due to their financial institution closing their accounts based on suspect of fraud.

They continue paying their affiliates, so people keep on signing new members in. However this is the only way anyone is getting money out of this company, as people are unable to sell their coins on the internal market and the external market is pretty dead too.

One CoinThe Company: What makes this scam different from many others is that there is actually a legal company behind the scam. Onecoin Ltd is registered in Gibraltar, a known European offshore  heaven for financial scams.

Until recently, the company had no real office and very few employees, as most of the work was conducted by contractors! They did however recently moved into an impressive building in Bulgaria’s capital Sofia, but their head office still remains in Dubai.

The company is led by Bulgarian Ruja Ignatova, who herself has a really shady background. Toted as a business woman of the year by the Bulgarian version of Forbes, her background is shady and there nobody has been able to verify her financial business experience and supposed law education. All the information released about her is very polished and her official Facebook page almost solely consist pictures of her in various events. Her LinkedIn profile does contain surprisingly little information and connections for such an accomplished person!

Score 7/10

cyber-biglockThe Website: and the new are both registered by and hosted by Cloudfare Inc in California. Their web farms are located in Bulgaria and Hong Kong. Everything in their whois record is available, except registrant, which in itself is rather strange.

Safe browsing also assures that the websites are safe for use and has reports of malware of phishing, neither is it recorded as a spammer, so we can assume that their websites are using the latest and secure setup. and the new both have a standard SSL certificate, issued by COMODO. Their registration runs out end of June 2017. Everything checks out from the safety and security point of view.

Score 9/10

One Coin RanksThe Program: As mentioned in my summary, One Coin officially sells training in cryptocurrency. The fact both the invoice and the disclaimer on the site states the person purchased a certain training package and cryptocurrency is only provided for educational purpose. serves two purposes:

  1. This circumvents the rules and regulations about not registering as a bank or financial institution. Although cryptocurrency, which is recognized by the law as a currency, is not covered by these laws, several countries are attempting to force cryptocurrency companies to get a financial license.
  2. This circumvents the changes to the new MLM laws, which regulate that the MLM company has to actually sell a product and cryptocurrency has been excluded from this list.

Their cryptocurrency is both closed source and centralized, which defies the whole purpose of having a cryptocurrency in the first place, as their main attractions and trust based on its open source code and decentralized structure. Officially the source code is closed because the company has fixed the Bitcoin flaws and of course claims to be better digital currency.

Additionally they state that it is important initially to control the value of the currency, before it has reached a certain market cap and has a stable supply and demand. Of course many other alternative crypto currencies have made it without this initial control.

The prices are ranging from 110€ to 100 000€ for an elite package, which all include the different levels of cryptocurrency training and also tokens for the cryptocurrency mining. However no mining is actually happening, the tokens are exchanged for a certain amount of cryptocurrency.

The program holds many additional twists, such the CoinSafe program. If you keep your coins for a certain amount of time, such as 6, 12 or 18 months, you will acquire ‘interest’ on your coins, similar to banks and other financial institutions. The coin also has frequent splits, in which the coin value, regulated by the company, is lowered and the investors get double the amount of coins.

The company also claims that that value of their coin is backed up with Arum Gold. This is their official statement:

Aurum Gold Coin® is a pioneer in the world of cryptocurrency. Each Coin is backed up by 10 mg of pure gold and 0.01 fractions of the cryptocurrency OneCoin. The gold is highly securely stored in a gold vault in Dubai. In your account you can see how much gold and OneCoins back up your AGC portfolio. This is the first ever cryptocurrency backed up simultaneously by both gold and another cryptocurrency. In other words, we have developed a cryptocurrency with double price security!!!

What a ridiculous idea, as the value of the cryptocurrency by its standards is set by the supply and demand of the coin. You can read more about this concept in my article: Is Dollar Collapse Imminent?

What is also strange is that after there started being too many scam reports and investigations of their program, they simply chanced the website name for the MLM program to OneLife, hereby separating the coin from the MLM program. It also helped to comply with the latest chances to the MLM law.

Score 4/10

OneLife LogoThe Compensation Plan: It is rather straight forward, you get 10% of the package price of your direct downline. If you have one of the higher packages, you can also earn up to 4 levels down fort he tycoon packages, the percentages being 10%-10%-20%-25%. They also have additional bonuses, such as the first 30 days after you joined, you can get 20% of their package prices instead of the usual 10%.

Like with most large MLM companies with One Coin you can earn ranks depending on how successful you are recruiting people into the business. These ranks ranging from Sapphire to Crown diamond grant you extra privileges, such as Apple electronics, a Rolex watches or diamond ring. In order  to make any of these ranks, you need to invest enough money to buy one of the tycoon packages.

One Coin also has a OneLife club, which allows you to earn things such as luxury vacations, watches and other unnamed rewards, based on the value of the purchases your downline makes. All in all their package sounds pretty great, right?

Score 8/10

One Coin Debit CardThe Payouts: One Coin does currently pay their members the bonuses they have earned by sponsoring others on weekly basis. Only 6% of the earnings is paid out, the rest 4% is being placed on an other account and you have to buy tokens with this money. This is suppose to lead to demand on the internal exchange, but despite the best efforts of One Coin, their internal exchange is pretty much dead and nobody is able to sell their coins.

There have also been times when the payouts were delayed by several weeks, according to their spokesperson this was due to them changing banks. In order to withdraw money, you need to supply a KYC and the approval process is really long in an attempt to delay the payouts as long as possible. The fees for the bank transfer are currently set at a semi reasonable 15€.

The company has introduced a UnionPay MasterCard, which you can purchase for 100€ and use to withdraw your earnings on. The card is only valid for the amount deposited on it, making it a debit card and it has widespread acceptance issues.

Score 4/10

Support SignThe Support: Like any affiliate program, One Coin also needs a support program. The support consists of email only and the response time depends on your inquiry. There are no phone numbers. All the Skype or WhatsApp groups are run by the leaders, not the company itself. If you want to join them and want to get some basic information, you will receive a friendly reply within few business hours.

If you are asking about the status of the KYC, missing payment, points and bonuses or complaining about not being able to sell your coins, the answer can take weeks, if ever. If you receive an answer it’s likely to be very generic, but hey, you should count yourself lucky, as more and more often these are left unanswered. The support personnel is definitely non-native English speaking.

Score 2/10

Once Coin On ForbesThe Marketing: If there is something One Coin is good at, it’s marketing. One Coin is one big marketing machine, which is partially reason for it’s huge success. There is huge amount of marketing materials available, from banners, to presentations and videos. They arrange huge luxury events in exotic locations, with local celebrities and politicians. The events hype on any of the latest chances and reward local leaders, the show is rather spectacular. Their figure head is Ruja Ignatova herself, she travels around the world, dressed like a pricess and has achieves a cult like following.

One Coin is also running their own charity called One World  Foundation. It claims to be active in 22 countries and have supported so far, at the time of writing this article 55 projects and helped 4448 children and youth. Their motto is:

Empower Children to Reach Their Potential through Education and Long-Term Support!

Funnily enough this foundation is actually working via the members, who donate their One Coins or of course cash for their cause! There is also very little evidence of all these project ever taking place. This was actually the first so called product of their so called ecosystem, which also by now includes investment funds, a casino, where you can play with your OneCoins, but not withdraw them and an auction MLM company that One Coin bought.

One Coin plans to add a partnership program of businesses which are willing to accept One Coin as a currency, but there is so far no release date beyond the 1M members within the next 18 months statement together with a Merchant App.

Score 6/10

GrapevineThe Grapevine: There are plenty of people still making money with One Coin and the Internet is split in their opinions. Some truly believe tha One Coin will make them rich one say. They save their coins as an investment and keep on recruiting new people to generate the huge market cap that is needed for good supply and demand in order for the One Coin to emerge as a new world standard as toted by One Coin.

Most people though have long time ago realized that One Coin is a clever ponzi scheme, where the only people who will ever make money with One Coin are the leaders and the owner. Social media is full of scam warnings and even several websites exist solely to warn people about joining to One Coin. Also since people cannot sell their coins, you see tycoon packages for re-sale by people desperate to recover at least some of their money for under a quarter of their new value.

Score 2/10

ScamMy Honest Thoughts: One Coin is one big scam. I personally think it was never intended to be more than a short term ponzi scheme. However after it gained popularity, there has been some attempt to legalize some of it’s aspects and add more depth to the program. This is not enough to convince me of their honorable intension though as in my opinion this is just done in order to keep the game rolling little bit longer, in order to make few more billions for the business owners.

I am not alone with my doubts, authorities in several countries are investigating this company and many more have issues warnings. This alone is enough for me to advice people to practice extreme caution when thinking about joining this scheme!

Score 2/20


Kisses Xena


Confused about how to actually make money online legally? Take a look at here for my recommendations: How To Earn Money Online Legally – Key To Success


How To Identify An Online Scam

So you see a great opportunity on your social media feed. It promises to make you incredibly rich within few days. You are excited, all your money troubles will be over soon, you can pay off your loans and treat your family to some nice things. Fantastic! You sign up and pay up, only to realize some weeks or months later that you were cheated out of your earnings! You are heartbroken, but fall for it again month later, thinking you can cover the losses you made with the previous scam. STOP THE VISCOUS CIRCLE AND LEARN HOW TO IDENTIFY AN ONLINE SCAM!

I bet you like me have been cheated countless times online! To help you out I have created a guide in understanding why we get cheated time after time and how to actually recognize an online scam, doesn’t matter how  well it’s put together! My mission is to keep you and your investments safe by offering you alternatives, which might not look so lucrative at first, since they actually require some hard work. However they are all safe, vetted and legitimate ways of making an income online. If you are interested to read more about how to succeed online, read my previously published article: How To Earn Money Online Legally – Key To Success

Scammers Hold All The Aces

All The Aces

It’s like gambling you might think! The odds are in your favour, I didn’t get lucky this time, better luck next time, right?

Wrong! It is like gambling, except that they hold all the aces! Since they are cheating, there is no way you can actually win!

But like with gambling you get addicted, blinded by the greed. You see the big money they are ready to hand to you and you want to grasp it badly!

You will end up loosing and loosing. Time after time, until you are broke and even then you are willing to lie, cheat and borrow to continue. Until you have exhausted every single way of funding your habit and have to admit your defeat.

How To Break The Vicious Cycle?

You need to learn to recognize an online scam from legitimate business opportunity! It’s actually quite easy and will get even easier with practice. Yes, there are some really clever scams out there, not so easily recognizable, but that’s what my blog is for, please return often to read about the new scam sites that I cover!

Learn To Recognize The Scams

There are several methods to learn to recognize an online scam. I will introduce you to them all.


  1. Use Common Sense – When you read about a new online program, use your gut feeling, it is often right! Does the program sound too good to be true? Does it promise to give you income with no work involved? Make you rich without recruiting anyone? Do they promise to automatically build a downline for you? Do they tempt you with pictures with piles of money? If so, it is a scam with 100% certainty! Affiliate programs like every other business will take time to build and eventually automate into a passive income.
  2. Do Little Digging – Do you know who owns the company? Where is it registered? Where is it hosted? If people are not willing to put their names on the websites and stand behind their company, it’s most like a scam!
  3. Read The News – Many MLM large scale programs are experiencing legal problems at the moment, due to chances in both US and European MLM  laws! If the program or it’s leaders are convicted, under investigation or it the company is closing offices in US and other countries around the world, you have every reasons to be cautious!
  4.  Look For Reviews – Look for online reviews and not only on Facebook and google reading the reviews that appear on page 1! I can guarantee you those articles are meant to fool you, because people put a lot of money into search engine optimization in order to appear withing first results and fool you into joining. Use Bing and Youtube besides Google!
  5. Look For Payment Proofs  – Does the program actually pay the affiliates like it promises? Many legal programs experience payment programs and it is disheartening to loose all your hard earnings due to the company having financial issues! You can search for images, be aware both payment systems the companies use and fake pictures with grammar and spelling mistakes! Legitimate companies use Paypal, GoCoin, Solid Trust Pay, Neteller and Credit cards. Most scammers only accept Bitpay, Perfect Money and Payeer and are not registered as companies but rather individuals!
  6. Talk To The Person Recruiting You – Try to figure out how long he has been part of the program he is recruiting you for! How much is he or she earning and how much time does he spend working on it weekly basis? Look any holes in his or her story using common sense like I describe in the first point! If he or she is too busy to talk to you at all, the program might not be legitimate! Notable exception to this are often female recruiters, who can legitimately be extremely busy with families and household to have a lot of time to discuss with them. However if you genuinely show interest in joining their program, they WILL make time for you and your questions. Females also tend to be more honest and have more difficult time working for scams!
  7. Evaluate The Information You Gathered – There are lot of people out there, scamming others to join their programs so they can make an income. They couldn’t care less if the program they are recruiting you into is legitimate or not. Take a paper and pen, draw down the pros and cons for the program you have investigated to make sure you have evaluated it properly. If you found no cons, be sure to dig harder! Even best programs fall short on some issues. You can see an example here of my favorite program  review. Even though the program is extremely good and I have no problems of recruiting anyone for it, it has few short comings, which I honestly state:  Wealthy Affiliate Scam Review – Read Before Joining!

 Proceed With Care

So you have done your reseach and come to the conclusion it’s legit and safe to make your investment. Now you can go full speed ahead to neat profit, right? WRONG! This is what you should do instead:

  1. StartThink About it – That’s right! Sleep on it and talk it through with a friend. Make sure you don’t make a decision to join any program lightly! Evaluate the information you have gathered, put down pros and cons.
  2. Test It Out – One you have made up your mind, go head and join, but be careful! Never invest everything right away! Make sure you start with small amounts and test the withdrawal of your earnings before you invest more.
  3. Recruit With Care – Make sure to provide integrity! Only provide accurate information for the people you want to join your adventure. Make them understand the pros and cons of your program. Building a good business relationship is a key to being successful building a good downline affiliate marketing!
  4. Create An Online Precense – In order to be successful today in affiliate programs, you need to create a great website to help you with recruiting. It really is a key to online marketing. Read my article here about how to get started with creating a website: How To Create a Website For Free – Practical Guide

Report Scams To Keep Others Safe

Online ScamsReporting online scams can be difficult and even dangerous at times. That’s why I am here! You can contact me any time about any online scam you discover! I will do a review to the best of my ability and report the scam in your behalf.

Please note that I used very throughout method, which requires me both to investigate the scam online and to join it in order to verify it’s legit or scam status. You can read more about my mission and the methods I use here: Scammers Be Aware!

Because of my lengthy investigation, it might take few weeks before my review will be published. I am also writing an other article this week, which other actions you can take, so stay tuned and be sure to return to read my online scams reporting article!

My Professional Advice

Are you feeling discouraged? You shouldn’t be, because there are several legitimate and very effective ways of making money online! I have listed some of them here in my article Beginners Guide To Affiliate Marketing, be sure to check them out! Good luck with your next online business adventure, keep my advice in mind and stay safe.

Kisses Xena