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Coin Place - The right Place!
Quote: Money News Online

"CoinPlace first though, in many ways it’s quite a traditional style standard HYIP. Nothing too complicated but still professionally organised and set up with a decent operational and advertising budget, and a couple of plans I think a lot of investors might like. CoinPlace is brand new and came straight to my monitor’s Premium List almost immediately after it launched. So let’s get started and see if you might want it in your portfolios.

Starting with the investment plans then, there are three plans to choose from in CoinPlace. Two of them make daily interest payment while the other just pays you once on expiry. It’s the less attractive of the three options, but I’ll start with it anyway as it’s also the cheapest and shortest term plan. CoinPlace require a $10 minimum to join. Your principal is then locked in for a term of 15 calendar days. At the end of the term the CoinPlace admin then offers a single payment of 110% back to you, principal included. That’s your own money back plus an extra 10% net profit for yourself. So were you to let’s say invest $100 with this plan, the hope is that CoinPlace would give you back $110 on expiry of the 15 day term. Maximum investment limits are capped at $500 per deposit.

On expiry plans in the HYIP industry are rarely popular when the program offering them has daily paying alternatives. I would expect that to be the case in CoinPlace as well. So the second option will cost you a $25 minimum to join, and runs for a slightly longer term of 20 calendar days. The interest rate is 6% per day for the term’s duration, principal included. That adds up to 120% in total by the last day of the term, made up of your own money back plus 20% net profit. If we say then that a $100 deposit is made in your account CoinPlace offer to repay you at a rate of $6 per day. You reach the break even point and see your first profit after 17 payments, that is to say you earn back a sum equivalent to your principal therefore making it impossible to lose money, and complete the cycle with $120 in total. The maximum limit for deposits in this plan is capped at $10,000 per deposit.

The list of investment plans is rounded off by you third option which runs for a term of 30 calendar days. CoinPlace require a $50 minimum to join, so it’s still within a reasonable grasp for most investors. The term length is 30 calendar days during which the CoinPlace admin is offering investors a daily interest rate of 5%. Lower than the previous plan which means it takes a little longer to reach the break even point (20 days this time) but with more payments is ultimately more profitable. Your final return comes to 150% out of which CoinPlace is also including your principal. That means your own money back plus the maximum possible 50% net profit. The maximum spend is again capped at $10,000 per deposit.

If any of that is of interest to you and you’d like to join, then the next thing we need to look at are what are your payment options. The processors CoinPlace are currently dealing with are slightly more focused on digital e-currencies. You can use either PerfectMoney, AdvCash or Payeer if you favour the more traditional style payment processors, or BitCoin, Ethereum, LiteCoin, and Dash if you want to use a more modern digital e-currency. If using any of the digital currencies you will be using the CoinPayments interface. In this case technically speaking your actual investment will be made in BitCoin, you simply have the option to pay for it using Ethereum, LiteCoin, and Dash. Your interest payments will then all be made via BitCoin, so you won’t really have a choice in that.

I guess a lot of you will be pleased to hear that most withdrawal requests are paid instantly. That’s up to a maximum value of $500 which is going to be the overwhelming majority of transactions. For security reasons anything bigger than that will have to be handled manually by the admin, but either way they will all need to be submitted from within your CoinPlace member’s account area. In the event of instant payouts being delayed for some reason (and there are plenty of perfectly valid ones, such as account replenishment, security, etc.) the admin asks you allow him a further 24 hour waiting period to ensure all transactions are completed. BitCoin investors however please pay very special attention to this – you are required to have at least a $10 minimum withdrawal request before it is accepted by CoinPlace. I don’t know how long this will continue for but to be fair here the conditions are largely outside the admin’s control. With a backlog of transactions and the poor value users are getting on the fees required going through the Blockchain network it’s totally understandable that CoinPlace would need to introduce such a rule. Obviously it doesn’t suit the program any more than it suits the members, so hopefully the situation will change before too long. If this is a problem for you then don’t forget that CoinPlace have several perfectly good alternatives to BitCoin where this is not an issue.

Moving on then to the more technical aspects of the CoinPlace website such as design and security, the first item of note is the secure Extended Vallidation SSL encrypted connection by Comodo to allow for safer browsing and more secure transactions. They have the above average Green Bar version, which is superior and a bit more expensive than standard. Hosting is on a dedicated server with support and protection provided by OVH. As for the script, it’s a unique and custom made product developed especially for meeting the needs of CoinPlace. Despite that it still manages to give the CoinPlace website a familiar easy-to-navigate feel, and it’s very user friendly throughout. Aside from English the CoinPlace website can also be viewed in Russian, Spanish, Italian, German, French, Portuguese, Polish, and Vietnamese. Just use the flag icon at the top of the page to switch between whichever version you are most fluent in. It’s also nice to see CoinPlace making use of other promotional tools, specifically some recorded videos where you can now watch the main one on the MNOVision page here and some other video reviews on the program’s own website."
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