Paidcoin Is A Scam, Do Not Use Their Services

The website paidcoin.com is a scam and I do not recommend people to use their services. I did research on them before I began writing this post, and the results have been abysmal. According to whois.domaintools.com they registered their domain on April 3 of last year, and their expiration date is set for April 3 2014. That is in less than three weeks! However, they may renew their account and continue for another year.

In websites like Webutation and WOT (Web Of Trust) they rank quite poorly, and many people have commented about their failure to complete payments. There is even a Facebook group called "PAIDCOIN IS A SCAM!!!" which I recommend you should check, I will leave a link at the end of the post so you can visit them. Moreover, in scam.com there are some users even claiming to have reported them to Facebook and other social media networks, and that this website is now red-listed. However, this may not be true as it may have just been venting from a frustrated user. Finally, I would like to add a personal note; they are very deceptive and the will try to mislead you in order to take your money.


Let us take a look at how their website works and how they might try to deceive you. First, when you join their website you will be given a few options on how to earn coins. You can make referrals by bringing in new users, or you can click "like" on various Facebook groups in order to earn a small amount of coins. The latter is by far the easiest and quickest one. Once you have made a certain amount you may exchange your coins for cash, or you can use them to advertise your Facebook group. You may also add coins by buying them, which I did, I spent 1$ to get more coins and I received in exchange nothing. That is right folks, nothing, nada. Thus, making me seriously believe that this is a scam and they just want to get your money. Also when you look at my account you will see there is nothing in the transaction history. Nevertheless, the 1$ sure is gone from my Paypal, what a waste. Moreover, when you look at the website, they place buttons in a very misleading way. For example they have an option to convert your coins to cash, but when you click on it you are taken to the page to buy coins (add funds page), so if you are not careful, or do not read properly, you may end up paying them instead of them paying you!


In conclusion, stay away from this website. They have cheated me and they have cheated many others. Do not use their services. I spent 1$ there so you don't have to, and also be careful of their newest project ADVPromote. I have not reviewed this yet, but I would be very cautious given their track record. If you disagree, you may leave your hate message at the bottom. Also, suggest which company or service you would like me to do next.


Paidcoin is a scam!!! Facebook group: https://www.facebook.com/groups/224887474365220/