Merlyn Bitcoin Review – Legit Business or Big Scam? Learn Here…
Welcome to my Merlyn Bitcoin review!
There has been a ton of buzz lately with this company so I decided to investigate what it was all about…
Just take a look at Google Trends below:
It’s pegged at 100 when I am writing this review up…
So chances are you were approached by someone you know in person or on social media and now you want to make sure it’s actually legit right?
The good news is that I am going to walk you through the company, products and compensation plan so you can make the right decision to join or not…
Let’s find out of this company is any good…
…pay close attention now.
Merlyn Bitcoin Review – The Company
Not much can be said about the company because on the Merlyn Bitcoin website, there is NO information on who actually runs the show.
I decided to investigate further by checking out the domain information “merlynbitcoin.org” and found out it was bought on May 2nd of 2016, but the registration information is set to private.
Way to go Merlyn Bitcoin!
According to Alexa, their traffic is coming from Italy (35%) and India (16%) which are their largest traffic sources.
Apparently according to their website they were originally a Bitcoin mining company and now a Crowdfunding company…
Alright, so I got nothing for you here and I apologize the lack of information on their website.
Not sure why they are keeping themselves a secret lol.
Alright, let’s jump into the products…
Merlyn BitCoin Reviews – The Products
When I was looking for information on their website for what type of products that have, it looks like Merlyn Bitcoin doesn’t have any retail products or services for sale.
It gives affiliates the ability to actually promote the membership.
Merlyn BitCoin Compensation Plan
Merlyn Bitcoin compensation plan has affiliates invest $21 or more to get a 5% daily ROI for 40 days which adds up to 200% in total.
When you sponsor members in your downline, you get paid referral commissions through a unilevel compensation plan structure.
If you don’t know what that looks like, check this out:
- Level 1: Personally enrolled members
- Level 2: Level 1’s personally enrolled members
And so on…
Merlyn Bitcoin pays over 15 levels deep and looks like this:
- Level 1 (Personally enrolled members) – 5%
- Level 2 – 3%
- Level 3 – 2%
- Level 4 – 1%
- Level 5 – 0.5%
- Levels 6 to 15 – 0.25%
You can withdraw up to $200 per day with a 5% withdrawal fee.
To withdraw over $50, you must invest at least $21 into this company.
Cost To Join Merlyn Bitcoin
The actual Merlyn Bitcoin membership is free, but if you want to get paid in the business opportunity you must invest at least $21 in Bitcoins.
Merlyn Bitcoin Review – The Verdict
Merlyn Bitcoin refers themselves as a crowdfunding company, but has an affiliate program and a compensation plan.
This is not crowdfunding at all…
The problem with this business model is the ROI is generated by affiliate’s investing that are paying off existing members.
This is a definition of a ponzi scheme…
Now if they were getting some kind of external income source to fund those ROI’s, then it would have been okay.
However, that doesn’t seem to be the case here…
Once recruitment slows down, so will the ROI which will eventually cause the company go under.
Now this could have been avoided if there was an external source of income coming in…
For me the bigger red flag is that the owners are keeping themselves well hidden from the public.
So if this company does go under, they can just start another one…
This way they won’t be responsible for thousands of people losing out on money…
Anyway, I hope you enjoyed my Merlyn Bitcoin review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
If you already joined Merlyn Bitcoin, this still applies to you because you should never put all your eggs in one basket.
After reviewing hundreds of companies and systems…
It’s the only system out there where you will the right skill sets to build a business online with the right tools and training…
Not to mention actual one on one coaching so you are on the right track (this is probably the most important part).
Take a look at my recent results:
Better yet, take a look at my team member:
In other words, this flat out works!
You will thank me later 🙂
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See you at the top,
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