BitcoLoan Login: having lost its tentative control of ROI withdrawals by affiliates, BitcoLoan conveniently shuts down its website.
Regarding the bitcoloan.com closure, investors keep posting their disappointments about the exit. One affiliate feedback on Trust Pilot is particularly informative as it points out the fraudulent model driving so-called loans on BitcoLoan.
According to the customer, investments in the company fetched in ROIs culminating from 1.4% daily profits. Suddenly, BitcoLoan disabled withdrawals, prompting all clients to await its transition to a DeFi service. Therein lies the problem.
We could surmise the following about the suspended remittals on the platform:
- If BitcoLoan, supposedly a crypto lending agency, paid 1.4% to affiliates before attempting to upgrade to a Defi network, then it could not make any legit claims on crypto lending.
- The above inference leaves BitcoLoan in a position to clear affiliates on its earning structure.
- Finally, BitcoLoan would have to answer for intentionally skipping contractual clauses.
Also, since the website is currently unreachable, it strongly hints at the company making a run with investors’ funds.
Read this article for more information.
Caveat: please, note that we merely write about the BitcoLoan Login procedure for enlightenment. We do not promote the company or sell its coupon to the public.
BitcoLoan Login: Overview
BitcoLoan Login: in case you are wondering, nothing is that new about BitcoLoan. The platform only laces online loan brokerage with crypto jargon. Regardless, BitcoLoan’s decision to offer P-2-P exchange on a Defi algorithm (BitcoLoan Blockchain) caught on with many people. And so the company could sell affiliate coupons for a period.
However, the anticipated lending algorithm never seemed to launch. As time passed, the company, without other earning avenues, impliedly resorts to MLM. Instead of getting cuts from Defi transactions that it could’ve run for customers, BitcoLoan uses cyclers to pay 1.4% remittals.
As a standalone tool, a cycler in any company only reinforces an inherent Ponzi scheme. In this case, BitcoLoan Website collapse might be proof of this remark.
Besides the fuss about transiting to Defi, there is the issue of regulation on the website. As such, the BitcoLoan Login steps merely lead you to an unregulated brokerage.
BitcoLoan Login: in this section, we explain why the cycler payment structure is a cheap Ponzi model.
As a loan broker, BitcoLoan offers debt securities through different affiliate caches. It will then pay accruals (supposed interests on the loan) to affiliates after the validity period. However, BitcoLoan’s recent collapse highlights a pass that had sailed the company. This is about security regulation.
While there is a frenzy to invest in the platform and earn huge returns, there is no matching fervor for proof of BitcoLoan regulation. As a norm, all security brokers require a credible regulation by the appropriate jurisprudence. BitcoLoan allegedly lacks one, which makes it a fraud.
Further, lack of regulation always guarantees provisional clauses in business deals. We can use the abrupt closure of BitcoLoan as a good example. If there is any scam on the surface, it is the exit shocker. It also implies zero hope of reparation.
While the website was accessible, its login steps worked as shown in the next section.
How to Login to BitcoLoan
You can sign in to the platform using the following steps:
- Using your web browser, search bitcoloan.online.
- Enter your sign-in details
- Then click on Login.
Briefly, the referral structure (also a bonus cycler) pays remittals culminating from three affiliate levels.
2% on the Third (3) Level
4% on the Second (2) Level
8% on the First (1) Level