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Company
Q Why isn't the company management made available on the official website?
A Some of the owners behind the company are currently involved in other ventures and are
restricted from disclosing themselves at this point in time. The company will however announce its
core management team in the near future.
Mining
Q When my mining contract finishes after 365 days, will I need to renew my mining contract?
A Mining power, obviously cost money as there are lots of costs involved such hardware,
electricity, location and maintenance. Each contract runs for a full year and should you wish to
continue renting the mining services from Coinspace, you would need to renew your mining
contract.
Q How does Coinspace make profits at this stage as its yet to release its own blockchain?
A Coinspace mines on average 5-7 of the most profitable crypto currencies thats available on the
open market, ensuring its members the highest potential profits.
Q When will Coinspace list its own Scoin on the open crypto currency exchange market?
A To secure its members best interest, the company will do its public listing based on company
liquidity, merchant facility infrastructure and market demand .
Q Can I sell the minded coins in my available account at any given time back to the company?
A Yes, you may. There are two trading periods per month: 1-14 and 15-28. Any time you choose to
sell the coins in your available account, your coins will be sold at the end of each trading period
and the funds will be placed on your sold coins account. You may then use the funds to buy
additional products and services or withdraw the funds to your debit card.
Support
Q I have forgotten my password and am unable to log into my back office, what do I do?
A Click the Forgot Password link on the webiste, type in your username or e-mail address, answer
your secret question and an email will be sent to your registered email with your account
information.
Q Are there any additional charge when paying with a credit card?
A Our current payment provider is one of the mayor Banks in Thailand, meaning all payments are
currently charged in Thai Baths. So, unless you live in Thailand there will be a currency exchange
fee that your local bank may charge you.
Q When will you support other currencies for credit card payments?
A During Q4 or before, the company expect to offer several of the main currencies
Q I have enough funds on my credit/debit card but my transaction wont go through, why?
A Coinspace and its payment merchant provider uses 3D to reduce credit card frauds. If your card
have not been registered for 3D secure payments, you wont be able to use your credit card.
Contact your local bank if you have questions in relation to your credit / debit card being registered
for 3D secure online payments.
Q How long will it take before my mining starts after I have paid for my package?
A If you use a credit card, it will start the following day. If you pay using a wire transfer, it will
happen the day after your payment has been received by the company. To expedite the process,
we advice you to take a screenshot of your wire transfer and then email it to
payments@coinspace.eu with the following subject line: ID XXXXXX (your Coinspace ID number)
payment proof - Please active mining package.
Opportunity
Q Is there any age limit in terms of joining your referral program or to buy one of your mining
packages?
A Yes, the minimum age is 18 years of age.
Q Will I need to personally introduce other people to the company website in order to earn any
money?
A No. However promoting the opportunity may increase your earnings.
Commissions
Q How much does the company pay out in commissions to its distributors?
A The company have a 50/50 revenue share model , where for every Euro that comes in from its
products and services in sales, the company will share up to 50% of its sales revenues with its
distributors participating in its referral marketing program.
Q How long will it take for me before I receive the debit card?
A Provided you have submitted the correct information to the company and you have earned your
first commission thats above EUR 17, the company will process your application and send it to
your registered address. Expect anywhere between 7-30 days, from processing your application.
Q How long will my debit card be valid and are there any costs associated with using the card?
A The card have a validity of apps 2 years, where after you will need to renew your card. There is
a 2 EUR transfer fee when transferring from your eWallet to your debit card. Depending on your
debit card (Papaya, Union Pay or Investment Bank Master card) there are certain card fees that
you can see when logging into your debit card account.
Q I can see from the website you offer 3 different debit cards, what card should I apply for?
A If you reside in Europe, select the Papaya card. If you reside in Asia we suggest the Union pay
card and the rest of the world would either be an Investment Master card or a Union pay card,
depending on your preference.
Q How often are commission numbers updated and displayed in the back office?
A Twice per day
Q During the weekend I see that my daily commission updates are displayed slower than normal,
why is this happening?
A During weekends when commission calculations are done you may need to wait to see updated
numbers. As the computers are taking a snapshot of your commissions, whatever happens
during this period, all sales are filtered, accounted for and updated in our database until the final
commission runs have been completed, whereafter you will be able to see updated numbers
(normally on Mondays or latest Tuesdays)
Q Am I tax liable?
A You will be tax liable to the country and state you reside in. It is your responsibility to file your
taxes with your local government and we strongly suggest you do so on time according to your
local governments requirements.