merlyn-bitcoin-logoThere is no information on the Merlyn Bitcoin website indicating who owns or runs the business.

The Merlyn Bitcoin website domain (“”) was registered on the 2nd of May 2016, however the domain registration is set to private.

At the time of publication Alexa estimate that Italy (35%) and India (16%) are the largest sources of traffic to the Merlyn Bitcoin website.

This strongly suggests that Merlyn Bitcoin is being run out of one of these two countries.

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.

The Merlyn Bitcoin Product Line

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

The Merlyn Bitcoin Compensation Plan

The Merlyn Bitcoin compensation plan sees affiliates invest $21 or more, on the promise of an advertised 5% daily ROI for 40 days (200%).

Referral commissions are available on funds invested by downline affiliates, paid out via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):


If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Merlyn Bitcoin cap payable unilevel levels at fifteen, with commissions paid out as a percentage of funds invested by affiliates within the unilevel team.

How much of a percentage is paid out is determined by what level of the unilevel team funds are invested:

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 3%
  • level 3 – 2%
  • level 4 – 1%
  • level 5 – 0.5%
  • levels 6 to 15 – 0.25%

Merlyn Bitcoin affiliates are able to withdraw up to $200 a day and incur a 5% fee.

In order to withdraw over $50, a Merlyn Bitcoin affiliate is required to reinvest at least $21.

Joining Merlyn Bitcoin

Merlyn Bitcoin affiliate membership is free, however affiliates must invest at least $21 worth of bitcoin to participate in the attached MLM opportunity.


Merlyn Bitcoin operate a pretty straight-forward Ponzi scheme.

Affiliates invest $21 or more in bitcoin and are paid a $200 ROI over 40 days.

This ROI is funded via subsequently invested funds, making Merlyn Bitcoin a Ponzi scheme.

As with all Ponzi schemes, once recruitment of new Merlyn Bitcoin affiliates dies down so too will new funds entering the scheme.

This will see Merlyn Bitcoin unable to meet its ROI obligations, at which point the scheme collapses.

Any Merlyn Bitcoin affiliates who haven’t withdrawn more than they’ve invested at that point loses out.

Mathematically this is guaranteed to be the majority of Merlyn Bitcoin affiliates. The use of bitcoin to invest and withdraw also means that fund recovery for Merlyn Bitcoin victims is slim to none.