BitcoLoan Review: Lending Ponzi with token exit-scam

BitcoLoan provides no information on its website about who owns or runs the company.

BitcoLoan’s website domain (“bitcoloan.com”) was first registered on July 4th, 2020. The private domain registration was last updated on October 28th, 2020.

Alexa currently ranks the top two sources of traffic to BitcoLoan’s website as India (20%) and the US (17%).

BitcoLoan’s official Twitter account places the company in Sydney, Australia.

None of these countries are likely candidates for where BitcoLoan is being operated from.

The first video uploaded to BitcoLoan’s official YouTube channel was on January 28th, 2021.

It’s a testimonial video from “Wendy”, who has a distinctly European accent.

Wendy is sitting in a left-hand drive car, so that rules out Australia and India.

Have a listen to “Craig”, “Melanie” and an official BitcoLoan tutorial video.

Update 22nd July 2021 – 
I had linked to several BitcoLoan vidoes hosted on their official YouTube channel above.

Sometime in the past 24 hours these videos have been marked private, so I’ve had to remove the links.

The company’s website is still up but I’m noting BitcoLoan’s official Facebook page has also been wiped.
/end update

In case it wasn’t obvious, BitcoLoan is most likely being operated from Russia or the Ukraine.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

BitcoLoan’s Products

BitcoLoan has no retailable products or services, with affiliates only able to market BitcoLoan affiliate membership itself.

BitcoLoan’s Compensation Plan

BitcoLoan affiliates invest $10 or more on the promise of an advertised daily return.

Specifics aren’t provided on BitcoLoan’s website, however the company provides the following example in one of its marketing videos:

receive a 0.6% daily ROI for 30 days, capped at 118%

receive 0.75% daily ROI for 60 days, capped at 145%

receive a 0.9% daily ROI for 90 days, capped at 181%

BitcoLoan affiliates are able to boost their daily ROI percentage by recruiting BitcoLoan affiliates (max 3%).

BitcoLoan pays referral commissions on invested funds down three levels of recruitment (unilevel):

8% on level 1 (personally recruited affiliates)

4% on level 2

2% on level 3

Joining BitcoLoan

BitcoLoan affiliate membership is free.

Full participation in the attached income opportunity however requires a minimum $10 investment.

BitcoLoan solicits investment in bitcoin, ethereum, litecoin, dash, dogecoin, zcash, bitcoin cash and monero.

Conclusion

Under the guise of running a lending platform, BitcoLoan solicits investment on the promise of a daily return.

The flow of money is typical of a Ponzi scheme, with new investment used to pay out existing affiliate withdrawals.

Despite having only a few thousand installs of their app, BitcoLoan amusingly claims to have 18 million affiliate investors.

As with all MLM Ponzi schemes, once affiliate recruitment slows do

🤖 Quick Answer

What is BitcoLoan and what does it claim to offer?

When was BitcoLoan established and what domain information is available?
BitcoLoan's website domain was registered on July 4th, 2020, with private domain registration last updated October 28th, 2020. The platform maintains an official presence on social media channels including Twitter and YouTube.

What geographic inconsistencies exist in BitcoLoan's operational information?
BitcoLoan claims Sydney, Australia as its location on Twitter, while website traffic data shows significant users from India and the United States. Analysis of testimonial videos suggests operations from a left-hand drive vehicle country, creating geographic contradictions in the company's stated location.

**What

🔗 Related Articles

- Capitalvest Pro Review: 25% in 14 days Ponzi scheme
- DexNet Review: Dubai MLM crypto securities fraud
- PGI Global collapses again, new CEO and SVP exit-scam
- PetronPay securities fraud warning from QC, Canada
- Empic Review: HYIP Customize Ponzi scheme