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

BitcoLoan’s website domain (“”) 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.


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 down so too will new investment.

This will starve BitcoLoan of ROI revenue, eventually prompting a collapse.

BitcoLoan’s exit-scam of choice is the ERC-20 shit token route.

On March 10th BitcoLoan uploaded a video to their official YouTube channel titled, “BitcoLoan – How to use BitcoLoan Token”.

BitcoLoan Token is an ERC-20 token that can be set up in a few minutes. As of yet BitcoLoan hasn’t convinced a public exchange to list their token.

In the meantime the plan is to let affiliates invest directly into BitcoLoan Token. No internal pricing is made public.

Eventually BitcoLoan will stop paying out in anything but BitcoLoan, allowing the company’s anonymous admins to hoard invested cryptocurrency.

When the time comes, they’ll list BitcoLoan on a dodgy exchange and do a runner.

87% of assets are stored in cold wallets and are inaccessible to anyone but the owners.

Given the potential for an initial listing pump, this might mean BitcoLoan’s owners won’t disappear straight away.

Math is math though and outside of their own shit token, which is created out of thin air, BitcoLoan can only pay out what is invested.

The math behind MLM Ponzi schemes guarantees that when they inevitably collapse, the majority of participants lose money.


Update 28th July 2021 – BitcoLoan withdrawals have been disabled for most of July. This suggests the Ponzi scheme has collapsed.