March 15, 2021 by Brian Priest Welcome to my BitcoLoan Review. Is this a legit Cryptocurrency Investment MLM? Or just another scam designed to take your money? That’s what we are going to find out in this BitcoLoan.com review.
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Hello everyone and welcome to my BitcoLoan Review. I’ve noticed a lot of talk lately about this cryptocurrency investment MLM. So I decided to dig into it deeper and see what all the chatter is about.
And I’m sure you’ve been online and seen the barrage of business opportunities, and self development, and training courses being offered on an hourly basis. And in the process of things you may have seen the opportunity to take advantage of the BitcoLoan company’s Cryptocurrency Investment and or business offer.
Or as a matter of fact you may have even been approached by someone about their Investment or Business opportunity. And you came here to find out if it’s legit. So we are going to go through the company, the products, the compensation plan, as well as the what it will cost to join the BitcoLoan team. And then you will be able to make an educated decision about your future with the BitcoLoan company.
So stay with me until the end. Because unlike so many of the other BitcoLoan Reviews out there I’m going to straight with you. And as a reminder remember to pay close attention as we go through our bitcoloan.com review.
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What Is BitcoLoan?
The BitcoLoan Company Cryptocurrency investment opportunity that offers referral commissions as a bonus. The company advertises ROI profits on your investment that are paid out in 30, 60, and 90 days with returns of up to 181%.
And according to the BitcoLoan.com website: “BitcoLoan is the marketplace where people can borrow or lend money. Our algorithms allow you to find the relevant offer in a matter of seconds. Borrow or earn on loans while we take care of security and other details.”
In addition to that their Facebok page puts it this way: “🌟BitcoLoan is a peer-to-peer crypto lending platform – we help those who need money find people willing to bail them out. Life line to crypto freedom💸“
So let’s dig right in and see if the BitcoLoan company is everything the hype builds them up to be in our BitcoLoand Review.
BitcoLoan Review – The Company
One of the first things I noticed while I was visiting the BitcoLoan.com website is that they don’t give us any information as to who owns or runs this company. In addition to that they don’t give us any information on the company itself at all as far as an address, phone number or location. AS a matter of fact the only option they give for contact is an support email address in a in a small contact us section on the BitcoLoan.com website. And their best attempt at live communication with clients is your standard “Support Chat Bot” that is mostly useless for anything other than boiler plate surface Q&A, or FAQs.
However when you visit the BitcoLoan Company’s Twitter Page they have Sydney Listed as their location.
One of the things I usually check when researching is the company’s TrustPilot scores and reviews. And I did so with BitcoLoan.com and was surprised by what I found. The BitcoLoan company has a 4.8 Stars rating.
BitcoloanReviews 933 • Excellent 4.8
Now normally when I see this it would give me a hope a that the company is actually legit. However something just didn’t seem quite right about this. So I decided to dig in a little bit deeper and read some of these review myself and see what was happening. First off most all of the 5 star reviews were very simple short generalized reviews. For Example: “Great Site! Would Recommend,” or “Easy Loans Easy Set Up”. And I mean hundreds of them. So I decided to just read the 1 star reviews. And of course they tell a very different story. But there is one that caught my attention and stood out like a light.
As soon as I read that one review it all made sense. The Bitcolaon company is paying rewards for people to go to trust pilot and leave a good review. However that information isn’t available to you until you join the team at the Bitcoloan company.
So the Bitcoloan company is artificially boosting its TrustPilot Score by including it in their rewards program. ***SCAM ALERT***
BitcoLoan.com Review – The Company Domain
When I Looked up the registrar information on the BitcoLoan Company’s domain name, “bitcoloan.com” I discovered that it was privately registered on July 4, 2020. And was later updated on October 28, 2020.
In addition to that it looks like there is a lot of traffic going to the the bitcoloan.com website is coming from CoinZilla, Crypto Compare, and Wallet Investor. Although I’m not sure what the connection is, there is something definitely going on there.
In addition to that there seems to be a list of accusations from other reviewers. And from folks that have ventured down the path as an affiliate with the BitcoLoan company. And that list doesn’t paint the BitcoLoan company in such a good light.
Alright now that we have that covered let’s see what the BitcoLoan Company offers for products or services in our BitcoLoan Review.
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BitcoLoan Review – The Products
The BitcoLoan company doesn’t have any retail products or services to offer retail customers.
So the only thing you can do is to become an affiliate and promote the affiliate membership and investment opportunity.
And in addition to that you can invest in the investment opportunity as well.
However there is a something they call Academy that you can access once you become a member that is basically free training on how to become a pro at lending and investing.
Now let’s move right along and see what the BitcoLoan company offers its affiliates as a compensation plan inside of our BitcoLoan.com review.
BitcoLoan Review – The Compensation Plan
BitcoLoan company affiliates invest $10 or more on a promise of advertised daily return.
However this is the one of the very few times i have ever seen a passive income MLM that didn’t give very many details in this area.
However through looking at the website and going through as much of their marketing material I could find. As well as YouTube, and other reviews and I was able to come up with the following:
- 1 – Get a 0.6% daily ROI over 30 days, capped at 118%
- 2 – Get 0.75% daily ROI over 60 days, capped at 145%
- 3 – Get a 0.9% daily ROI over 90 days, capped at 181%
In addition to that the BitcoLoan company rewards its affiliates for recruiting by bumping their daily ROI percentage by a maximum of 3%.
And Bitcoloan company affiliate commissions are paid through a unilevel compensation plan structure.
In addition to that affiliates are able to earn a percentage of the invested funds on their downline members down three tiers. And below are listed the percentages earned at the respective level:
- 1st Level – 8% (Personally sponsored affiliates)
- 2nd Level – 4%
- 3rd Level – 2%
Now that we have that covered let’s find out what it costs to join the BitcoLoan company as an affiliate inside of our BitcoLoan.com Review.
BitcoLoan Review – The Cost To Join
The BitcoLoan company affiliate membership is actually free.
However if you want to take advantage of the investment opportunity, you will have to invest a minimum of $10. And investments can be made in Bitcoin, Ethereum, Litecoin, Dash, Dogecoin, Zcash, Bitcoin cash and Monero.
Now comes the part you’ve been waiting for. And unlike a lot of all the other BitcoLoan Reviews out there I am going to be straight with you. So stay with me just a few more minutes and remember to pay close attention. Because here are…
My Final Thoughts
So is there some kind of scam going on behind the scenes at the BitcoLoan Company. Well let’s take a look at the information we have collected and see what the evidence tells us.
First off we don’t know who owns or runs the company. And they aren’t trying to let anyone know where to find them. The Sydney Location on their Twitter account doesn’t say much. And well this whole thing seems a little crooked to me.
They don’t have any products or services. well there is the Academy for folks who join the Bitcoloan company. Seems like just it’s just passing money around until this guy decides has got enough of what he wants. Or this thing slows down and he exits scams everyone and the whole thing just falls apart.
This is a bad idea. I can’t recommend this company.
They aren’t registered with SEC or any other securities fraud authorities anywhere. And the biggest portion of the inbound traffic is from Vietnam (23.54%), United States (12.13%), Philippines (11.37%), Indonesia (7.03%) and Italy (6.14%).
So Save your money and invest in something stable.
As a matter of fact something even better is invest in yourself. And be the creator of your own future. Because you are totally worth investing in for real.
However Before You Go
Thanks for stopping by. And I hope you enjoyed my bitcoloan.com Review. If you have any questions or comments, please feel free to comments section below. And I will get back to as soon as I am able.
And again thank you for reading my BitcoLoan Review
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