SCAM ALERT!!! THE BILLION COIN (TBC) – Exposing the Scam

If you are reading this to find out if TBC (The Billion Coin) is a Scam or legit, be rest assured your question will be fully answered.

I heard about TBC in 2016 about two months after it was launched. Since then I have reviewed and followed it to this recent 2020 update

The truth is that The Billion Coin (TBC) is a scam. Sorry if I hurt your feeling in the beginning by being so blunt. However, I will present all the facts so that you can judge for yourself.

Let’s Dive right in.


How I Learnt about TBC

I heard about The Billion Coin (TBC) in 2016 when a friend of mine who went for a seminar (here in Nigeria) told me about it.

I lent him N10,000 to buy 3 TBC. The price of 1 TBC then was about N3,000 ~ $8.

I did not buy because I could not understand how this Cryptocurrency could continuously increase in price for no reason. Unlike other currency, its value is not determined by supply and demand.

Back to my friend,

It’s about 4 years now and he is still stuck with the coin. Even though it’s stated on the official TBC website that 1TBC = 105BTC, my friend has not found a way to exchange it for any other crypto coin, fiat money, goods or service.

He is a millionaire but only on the TBC website.

The above should be enough info on the legitimacy of the TBC. However, I want to dig deeper… in this order.

  1. What is TBC?
  2. TBC official websites
  3. How does it work?
  4. The Billion Coin Exchanges
  5. TBC Admin Fee Scam
  6. The Billion Coin in Uganda
  7. FAQ
  8. Conclusion

You can click on any of the subject above to go straight to the section


1. What is TBC?

The Billion Coin Review

This is a cryptocurrency that was created to allegedly end poverty globally and bring a sort of balance between the poor and the rich.

It was launched with an initial price of 0.001 Euros per TBC in March 2016.

The Creators are not known, the only names tagged to it is an unknown Kris Kringle who is the admin.

“Kringle” is the smallest Unit of TBC such as the cent is to dollar and Satoshi to Bitcoin.

The coin is said to be decentralized, but it has been reported that members accounts have been indiscriminately suspended.

The 24 mins video below from the official website says more about the untrue claims.


2. What are the official websites of The Billion Coin?

The Billion Coin has about six official websites.

  • thebillioncoin.org
  • thebillioncoin.INFO
  • thebilliocoin.ph
  • thebillioncoin.trade
  • kringle.cash
  • TBC004.net

Note that these sites are not secure while some no longer work.


3. How Does it Work (Principle of The Billion Coin)

The Billion coin uses a software formula that measures the growth of its verified members and hence compensates the growth adequately.

What this simply does is to multiply the total number of verified users by 1 Euro.

let’s say the number of verifies users = 1 million.

Thus, the price of 1 TBC = 1 million X 1 Euro = 1 million Euros

It is also stated that the price of TBC grows by 1% – 5% daily.

The logic above is clearly devoid of market forces and defies any financial logic.

The question is who formulated it and why are people buying into the idea?


4.The Billion Coin Exchanges

None

Yeah, None…

There is no exchange anywhere for TBC. Even though TBC is alleged to be worth 105BTC, if you have it, you are stuck with it. Which logically place the true value at zero.

It is not listed on Coin Market Cap or world Coin Index.

The only ways to exchange your TBC is to lure someone else to the scam and directly sell the coin to him/her.


5.The Billion Coin Admin Fee Scam

One of TBC’s claim is to make a billion people millionaires but it seems, in reality, its mission is to scam a billion people.

Beside selling worthless coins to unsuspecting individuals especially in developing countries. The TBC admin devised more way to cash in on members.

One of the ways is the locking of members coins. They promised members that TBC will soon hit the exchange. Thus $10 admin fee in BTC is required to unlock the coins.

Your guess is correct… lots of persons paid the fee…. Yes, their coins were unlocked… Yes, the exchange promises was a lie.

The question is; why did these persons pay? Why didn’t they ask why they have to pay in BTC and not TBC?


6. The Billion Coin in Uganda

The Billion coin in its inception was popular in Nigeria and Philippines majorly because of its population and recession at the time. Its next big market was Uganda.

In Uganda,

  • They claimed to have an investment scheme where members can get a monthly return. Then encourage members to invite their friends to earn more.
  • To receive your return on investment, you will have to create a TBC wallet and Pay admin fees. Member did this but did not get paid
  • …But they were not done scamming members… they told members that they have started a new project in Gold mining…. That members have to pay for the project to recover all their fund.

The truth is that if you don’t count your losses and walk away, TBC Admins will find more ways to scam you.

They often cite Nigeria as a success case. That there are stores that accept TBC in Nigeria for the exchange of goods and service.

I am in Nigeria, and I can tell you that it is a big lie. Nigerians that fell for TBC scammed have counted their losses and moved on.


7. Frequently Asked Question (FAQ)

What is the current price of TBC?

The true current Price of TBC is $0. It is worthless

List of Stores that accepts TBC

No store accepts TBC. Those who claim to have spent TBC in stores are lying, they cannot provide proof.

Is TBC a scam?

I believe that you know the answer to this question by Now.
TBC – The Billion Coin is a scam keep off, if you are already involved, do not pay more money to the admin.

I believe you know the principle of demand and supply, i.e when the demand for a commodity goes high it is only natural that its price goes high too.
TBC goes high irrespective of the demand. It only cares about people registering and tries to enforce its membership agreement on people. That is extortion. Please be guided, do not fall a victim to this.

Also, the admin is in charges of your worthless TBC, they can take it away from you at any time.  At the end of this whole thing, Kringle (the admins) is the only one in profit.
I believe most people that hold TBC know deep down inside know that TBC is one big scam although they pray and hope it magically becomes valuable.

How do I identify a Scam Coin?

Check out for the following:
– Is the coin being centralized?
– Does the coin pay return to its investors?
– Does the coin depend on investors for it to be sustained?
– Finally, do they keep begging you to join? Buy? Keep to rules?

If the answer to the above is yes, then you should find a better thing to do with that little cash of yours or better still help the less privileged with it.

It is also worthy to note that TBC is not listed in coinmarketcap.com where all cryptocurrencies are listed.
Also, it is not traded on any cryptocurrency trading platform like Binance, Luno or Quidax.



8. My Conclusion on The Billion Coin

That brings us to the end of the review,

What’s your thought on TBC,

Did you fall prey or do you intent buying it?

Maybe you have a question or contribution.

Let me know right away in the comment section.

Cheers.


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118 thoughts on “SCAM ALERT!!! THE BILLION COIN (TBC) – Exposing the Scam”

  1. Which store did you bought it?.,. That’s the question, because we don’t really need to propaganding lies everywhere concerning TBC!

    Reply
  2. Boss I bought my bland new iPhone 11 a half tbc price here in Dubai mall.so fellow tibicians say, do your homework very well than spreading lies.

    Reply
  3. Jude your review on TBC is so shallow, you need to do more investigation and understand the TBC concept very well. You may have some valid points but a lot of things clealy shows your ignorance about the operations of TBC, for example the websites you mentioned. You and most comments are also referring to many third parties taking advantage to scam unsuspecting people in the name of TBC that actually have nothing to do wih TBC. Go back and do your homework well.

    Reply
    • Well. Since you have done your homework. let us know here.

      what are your findings? How is their operation? How come no one can spend the coin? why are there so much lies in getting people to buy the coin

      Reply
  4. i have been reading from other sites that TBC admin does not charge a fee for wallets. i would like to inform you that payment of TBC admin fee is real. Here in Uganda TBC agents and companies which promote TBC are tasking members to pay the fee. They claim that if one pays the fee he/she will be allowed to send TBC to anyone without restriction and that the send button will not be off. They also say one can take any facility that is provided by TBC admin. If one pays the fee he will be able to exchange TBC coin to cash and will be able to acquire TBC business card that will enable him to buy goods from TBC merchant stores that accepts TBC. The fee is also for face verification which ends 15ths March 2020 and involves wallet upgrade to a block chain wallet as TBC migrates to a better network (from tbc009 to tbc9.net). Surprisingly they don’t accept to be paid using TBC but only accept cash. I don’t trust TBC because it robbed my money in a tricky way. Many Ugandans have lost a lot of their millions of money to TBC and there is no hope whether they shall ever recover it. TBC works in a style which you can’t realize. Here in Uganda there is one company called online Uganda investment club which promotes TBC in Uganda. This club has scammed many Ugandans in the shadow of TBC. Since we live in a poor country, this company came with good news of hope how TBC is the only savior of our problems. They told us to invest our money and promised that we are going to prove how TBC is more worth than gold every end of the month. Those who joined first started getting the profits as more were being recruited. People sold their land and others got big loans from banks because there was a source to pay back the loans. Time came when thousands had joined things got stack no more profit came. Banks and money lenders are now taking property of some investors who have failed to pay back. We were ignorant because we had never heard how Ponzi schemes work. We realized when our money was all taken. As you prize TBC in your country, for us in Uganda we have labeled it scam. Time came when profits were still paid, the company told investors to buy TBC coins. Each coin was bought at $135 which was many millions of dollars when people checked their accounts on the site of TBC coin site. When a person would open his account and sees many millions of dollars their curiosity raised. They didn’t know this is a trap to remove more money from their pockets to TBC. Time came this company conditioned every investor to open another TBC wallet on their site and not a site of TBC if they were to invest the following month. If one failed to open this wallet then the monthly profit would reduce by half. Because people had full trust in TBC and this company, people paid more $135 for this wallet. In June 2019 that was the end of the story. People waited for profits but all in vain up to now. When this company had realized they can no longer pay investors, In June this company called a meeting of all investors addressing them on the new plan of sustaining the club. They claimed trading in crypto currency is more risky so they want to invest in gold mining project which is more stable than forex trade. They told investors they will not be paid in period of seven months until the gold project stabilizes. They told investors to fix their money on the dashboards to the gold project if they are to get good profit after seven months. Before the date of implementing the new plan, many investors activated withdraws from their dashboard because they had no ways to pay back the bank loans. Because the system is controlled by the administration, they didn’t pay them up to now. The withdraws are still pending on their accounts. When months passed without realizing any progress, this company tasked members to pay more 10% of their investment if they are to recover their money and support the gold project. The company is doing that because they know investors are desperate and needs to recover their money. However people suspect it could be another trick of TBC to collect more money from poor. This is the way how TBC is eradicating poverty. The company is fully executing duties of TBC, collecting TBC admin fee, faking people about TBC stores which even we haven’t seen their doors in Uganda. This is a true story of the operation of TBC in Uganda. If there is anyone who claims this is false information, let him come to Uganda and prove this information.

    Reply
  5. Hate it or Love it TBC has come to stay. In Nigeria many Stores accepts TBC right now. TBC starts like bitcoin later people keyed in years back. Now bitcoin is world wide so please be sure of what you say for future sake…

    Reply
  6. Thanks for this update on TBC, ….kindly give me an update on this crypto-investment platform called themselves ”Zevs Trade”

    Reply
  7. Hello Mr Jude, I summarized the the style how TBC is operating in Uganda. I have no much deeper analysis of its operation. I can only tell that I became a victim of this scum. What I narrated in my first post is exactly what happened to us. Only that these days these promoters of TBC are tasking people to admin fee claiming that the coin is now exchangeable. They also claiming that there are so many merchants on board who are accepting TBC. Your country, Nigeria is being given as a reference example where TBC is successful. However, many investors are now very kin

    Reply
    • They are just telling Lies. There is no merchant in Nigeria accepting TBC.

      If you are in any TBC telegram group, let me know. I want to be in one.

      Reply
  8. Life is about taking risks and everycoin before it worked 100% people claimed them to be scams and today bitcoin it work more then fine and others who claimed it to be a ponzi are holding huge bitcoins in their accounts and they are no longer talking. TBC is starting from the ground up and along the way there will be challenging obstacles in making it work because there are people who are against it and say all the wrong things about it. Tbc will work in a long run and in that time i will be happy to hear your response.

    Reply
  9. Am from Uganda and am happy about what I have read on this site. Tbc is now operating in Uganda and I can frankly tell you that many people have been scammed. People are in total tears. It works indirectly with companies which promote it. These companies claimed they are investment schemes where people can invest their money and get monthly profit. They did this as they were telling all good news about TBC. They claimed the good profit was from tbc. It worked in a style where you first get money for what you invest as it keeps recruiting more. Time came in June 2019 where very many people had joined and investing huge money, it stopped. In June, that when I came to learn how TBC scams people. Because people had full belief in TBC, conditions came on board. To reinvest you must open and pay for TBC wallet, buy TBC coin, pay admin fee, buy many coins etc. People did all that but no monthly refund. Now this company started others excuses how they got problems and that’s why their money and they are changing to a better option. The option they suggested was to mine gold and they are conditioning people to pay for this project if they want to recover their money. So when I read your posts about Tracy Davison and Dan Lutz, then I suspect it could be the same move. So Ugandans have to be very kin.

    Reply

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