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I am a professional software engineer and freelancer. I have heard about Bitcoin (and recently OneCoin) a long time ago, but I was not interested to indulge in this business.

Now, a few days ago a friend of mine told me that he has started this business (one coin) and he is purchasing OneCoin and in next year he will be able to earn enough money while selling the coins he would have purchased. I don't know if this business is good for me or not.

Should I start to buy OneCoin, since I am new to this business?

Murch
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Pir Fahim Shah
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3 Answers3

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No, it's a proved scam, and they use misleading promotion to associate it with Bitcoin. If you google them, you'll find out that they are accused of scamming and are under investigation by authorities. That project is not related to Bitcoin at all.

  • so you mean that the coins which we buy in onecoin and all the business is fake and they are not reall? because my friend told me that if we buy any coins then we can not do withdrawl fund untill june 2018. So, this is fake business? – Pir Fahim Shah May 15 '17 at 06:41
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    This is a scam, and there's no guarantee that you'll ever see your 'coins' again as they are currently under investigation. PS. This question is offtopic for Bitcoin Stack Exchange, you'd better ask in money.stackexchange.com for more info. –  May 15 '17 at 07:32
  • @Mark: Why is it offtopic? – Meni Rosenfeld May 15 '17 at 13:02
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    @MeniRosenfeld I consider it offtopic because this Stack Exchange is only for Bitcoin, and OneCoin is a dubious financial platform, which is out of scope of this site. –  May 15 '17 at 13:44
  • I believe it is on topic. This site is not exclusively about bitcoin (though it is primarily). – Pieter Wuille May 15 '17 at 17:11
  • @Mark: Bitcoin is not just Bitcoin, and my understanding is that this SE deals with all cryptocurrencies and other applications of Bitcoin's technology. Onecoin is a scam, but the fact that it masquerades as a cryptocurrency (and that there are people like the OP who mistake it for one) makes it on topic. – Meni Rosenfeld May 15 '17 at 18:39
  • Make a meta post about the ontopicness of this question. – Mindwin Remember Monica May 15 '17 at 18:49
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Onecoin is not only a scam it is a criminal organization. The have stolen a lot of money from their customers. http://rettit.no/mrbitcoin/index.php?title=OneCoinSCAM

Bjorn Bjercke
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Onecoin is a scam.

One of my friends became involved in onecoin and invited me to meet with her to discuss this "amazing business opportunity". I went to meet her, and a 'colleague' of hers arrived. Needless to say, the next half an hour was very much the hard sell; lots of jargon, false rapport building, must be done now or its too late talk. I reported the event, and a few months later the city of london police contacted me to see if I had any further information to give because they were investigating Onecoin for Economic fraud.