Bitcoin broker scam

We reviewed the bitcoin trading robot software at bitcointradernow.Com, and immediately noticed how professionally it was made.

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Bitcoin Trader Review, bitcoin broker scam.

They actually have a software that you can see how it works before you deposit money. If you look at the “demo trading” feature, you will be able to take a see how the trading software looks. But remember, demo trading is not real, and will always only show you what looks like profitable trades. Their purpose of a demo is to show you the features of the software, but not real trading signals or actual results.

Bitcoin trader review

Bitcoin trader was a very popular automated trading software, that was copied many times, on different websites. The various bitcoin trader apps online, are connected with a variety crypto CFD brokers, sometimes you’ll end up at a licensed broker, but usually you are sent to an offshore broker.

*** this software no longer works! ***

Find yourself a licensed broker, see here

Bitcoin trader reviews

We reviewed the bitcoin trading robot software at bitcointradernow.Com, and immediately noticed how professionally it was made. They actually have a software that you can see how it works before you deposit money.

It is safe to say that this bitcoin trader, is one of the nicest bitcoin robots we have reviewed in a long time. When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure.

The bitcoin trader randomly assigned us a crypto currency broker, so we could not use our preferred broker. The software uses a basic trading strategy that is based on technical indicators. We like how it has risk management settings, with the ability to set a stop-loss and take profits.

You can see in this screenshot below, some of the many configuration options available.

New bitcoin trader software

Bitcoin trader settings

Risk management: the 6 risk management settings are there to let you control your default trade size and minimize losses from bad signals. It is always smart to set the max daily trades number very low.

We have seen trading systems that can generate 100 trades in one hour. The max concurrent trades setting is for you to limit, how many open trades are happening at the same time.

Asset selection: the signals generated by the crypto software is for bitcoin CFD’s versus the euro and the US dollar. Additionally, you will find trading signals for all the classic feat currency pairs. Investors select which underlying assets the robot will open positions on.

The reason asset selection is so important is because, an algorithm can sometimes work well during normal trading conditions, but will have bad results during volatile markets.

Does bitcoin trader make money?

Any algorithm trading app has the potential to make money, but equally as well it can lose money. With the bitcoin trader, you have no idea what strategy it is using.

If you look at the “demo trading” feature, you will be able to take a see how the trading software looks. But remember, demo trading is not real, and will always only show you what looks like profitable trades. Their purpose of a demo is to show you the features of the software, but not real trading signals or actual results.

Choice of crypto brokers

Bitcoin trader connects with a variety of brokers both unregulated and regulated. It is extremely important that you only invest money, with a broker that you have verified is licensed in your country.

A huge problem with trading bitcoins are the many scam brokers that steal your money, and are not regulated by a government authority. Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.

Bitcoin rush review

Bitcoin rush is an automated trading software for forex traders, and there are a few different versions available online.

The bitcoin rush software we are reviewing today, located at: thebitcoinsrush.Com connects you with a random crypto CFD broker, sometimes licensed and many times unlicensed. Many versions of this so called trading app, are just promotional landing pages, without a working algorithm.

Warning to canadians!

Be careful of offshore / unlicensed brokers! Only use an IIROC regulated broker like fortrade.

Bitcoin rush official review

Bitcoin rush review

When comparing and choosing an automated trading system, the first item we look for, is the ability to choose a licensed broker. The second thing we look at, are the settings available to configure to algorithm.

The bitcoins rush randomly assigned us a forex CFD broker, so we could not use our preferred broker. The software uses a simple trading strategy, that is based on unknown technical indicators. What makes this product unique, is their risk management settings, which gives you the ability to set a stop-loss and take profits.

You can see in this screenshot below, some of the many configuration options available, see here.

Bitcoin rush app settings

We have seen trading systems that can generate 100 trades in one hour. The max concurrent trades setting is for you to limit, how many open trades are happening at the same time.

Asset selection: the signals generated by this robo-advisor is for various crypto currency as the name would suggest. Simply select which crypto CFD’s you want the robot to trade for you.

The reason asset selection is so important is because, an algorithm can sometimes work well during normal trading conditions, but will have bad results during volatile markets.

Demo trading: you will be able to take a tour of the trading software once you are inside the trading room. Just remember, demo trading is not real, and will only show profits! The purpose of a demo is to show you the features of the software, not true trading signals or results.

Best crypto CFD brokers

Bitcoin rush connects investors with a variety of CFD brokers both unregulated and regulated.

A huge problem with CFD trading are the many scam brokers that steal your money, and are not regulated by a government authority. Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.

Fortrade is a licensed & regulated broker, that is popular because of their trading app, see it here!

You will find trading signals from TC (trading central), built into their web-based trading app. Try a free demo at: fortrade.Com.

It is extremely important that you only invest money with a broker that, you have verified is licensed in your country!

Bitcoin evolution review

Bitcoin evolution was a popular trading app, that investors used for automated crypto trading. As of december 2020, the software is no longer working, and instead you are just redirected to a random broker when you sign up.

As with all trading apps, there are many different versions circulating online, and many of them do not work properly. The bitcoin evolution software we are reviewing today, is connected with a variety crypto CFD brokers, including some licensed brokers like investous.

We reviewed this CFD trading robot, and immediately noticed how professionally it was made. They actually have a real app, and you can see how it works, before making a deposit. See the official software at: bitcoin-evolutionpro.Com.

Bitcoin evolution reviews

When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure.

Bitcoin evolution randomly assigned us a new CFD broker, so we could not use our preferred broker. The software uses a simple trading strategy, that is based on unknown technical indicators. What makes this product unique, is their risk management settings, which gives you the ability to set a stop-loss and take profits.

You can see in this screenshot below, some of the many configuration options available, see here.

Since the software no longer works, you need to login directly to the broker which you are trading with.

Bitcoin evolution trading app settings

Configuring the bitcoin evolution app

There are 6 risk management settings which let you control your default trade amount and minimize losses from bad signals.

Trade amount

Take profit

Max concurrent trades

Daily stop loss

Daily take profit

Max daily trades

Some automated trading apps can place more than 100 trades in an hour. It is always smart to set the max daily trades & max concurrent trades number very low. The max concurrent trades setting is there for you to control how many open trades are happening simultaneously and at the same time.

Assets: the signals generated by this trading app are for eleven different crypto currency pairs, as its name suggests. Simply select which crypto CFD’s you want the app to trade for you. The reason asset selection is so important is because, an algorithm can sometimes work well during normal trading conditions, but will have bad results during volatile markets.

Compare legit crypto brokers

The bitcoin evolution app connects you with a variety of CFD crypto brokers, both unregulated and regulated.

A big problem with CFD trading, is that many scam brokers steal your money, and are not licensed by a government agency. Many trading robots we have reviewed look good, but they do not work with licensed brokers, and that makes them a scam!

It is extremely important that you only invest money with a broker that, you have verified is licensed in your country!

Popular crypto brokers

Crypto investing has become very popular recently, especially since many brokers are listing bitcoin, litecoin, dash and ripple as available assets.

Although every broker you find, will give you the opportunity to trade bitcoin contracts, many brokers have ridiculously wide spreads. A recent comparison of brokers, found spreads ranging as wide as $150, to as narrow as $10, with the price of a BTCUSD at $16,240.

Reminder: only invest with a licensed and regulated broker!

How to compare bitcoin brokers

Here is a quick checklist of items to compare between bitcoin brokers.

Verify the bitcoin broker is licensed and regulated.

Signup for their free demo account.

Check minimum trade size

Check minimum deposit requirement.

See how tight the spread is on bitcoin.

Regulated crypto brokers

Pepperstone is the best CFD broker for trading crypto, because they have the tightest spreads!

They are a popular globally licensed and regulated broker, offering a choice of trading apps, see here.

Start with a free demo account, signup here.

Plus500 is a very popular CFD broker, that is licensed in multiple countries, look here.

Offering tight spreads on bitcoin and crypto currency trading, plus their unique trading platform, makes plus500 a popular choice.

Try a free demo account at: plus500.Com.
Disclaimer: crypto trading availability is subject to regulations. 76.4% of retail CFD accounts lose money.

If your broker is not regulated… you will be scammed!

How to avoid crypto scams

There are two types of scams that are now very common with crypto currency investors.

The first one being “trading robots” which are suppose to make you a lot of money by automatically trading on your behalf. You should read about real trading software, see here.

The second are the brokers who are not licensed or regulated. Every financial company must be licensed by the government. Popular brokers are licensed in australia by ASIC or in cyprus by cysec. The FCA in the united kingdom recently banned brokers from offering CFD’s on crypto currency to U.K. Residents.

If you go with a broker who promises to make you rich, and they are not licensed, you can read the complaints page now, so you understand what you will be dealing with.

Beware this ‘celebrity’ bitcoin scam

Losses of up to £200,000 are being reported by victims of a sophisticated global investment fraud

Criminals are exploiting trusted global websites to post fake celebrity endorsements for cryptocurrency, in one of the most prolific internet scams which? Has seen.

Victims of a prolific bitcoin scam are reporting individual losses of up to £200,000 after following links on AOL, MSN, yahoo and facebook.

Which? Has spoken to dozens of people who’ve encountered the scam – which falsely claims celebrities have backed a bitcoin investment scheme – while browsing legitimate sites.

In many cases, the fake advertorials are convincingly designed to look like pages from the BBC or mirror websites.

Read on to find out how the scam works, how to avoid falling for it, and why which? Is calling time on legitimate sites hosting dodgy links.

Celebrity ‘endorsements’ used to ensnare investors

Celebrities used in these fake advertorials include deborah meaden and peter jones from dragon’s den, ant mcpartlin of presenting duo ant and dec, billionaire businessmen lord sugar, sir philip green and sir james dyson, presenters simon cowell and holly willoughby, and former love island contestant charlie brake.

To be clear, none of these celebrities are responsible for the fraud, but their images and reputations are being ruthlessly abused by organised scammers.

We’ve found countless variations of the scam still live at least three years after it first surfaced, but most of them proceed in a similar way.

How the scam unfolds

Imagine you’re browsing AOL.Co.Uk. On the sidebar you spot a picture of dragons’ den star deborah meaden, with a black eye.

There’s nothing obvious to suggest it’s an advert – it looks like an image from a legitimate news story.

Clicking on it takes you to a news story on a third-party page, which seems like a respectable news site for investors. It describes how meaden and her fellow dragons were impressed with a bitcoin investment scheme on an episode of the show.

The strange photo of meaden’s black eye is forgotten as you read how the dragons chose to invest and reaped the financial rewards. At the bottom of the page is a web form where you can express interest in joining the investment scheme.

Heeding the warnings that the scheme will soon close to new investors, you submit your name, email address and phone number.

The buy-in

A short while later, you receive a phone call from your ‘investment manager’. She or he encourages you to make a surprisingly modest initial investment to purchase £250 worth of bitcoin.

By email you receive a link and login details to the ‘trading platform’ where your bitcoins are being held. Over the coming weeks the value of your bitcoin holdings appears to increase, and your investment manager calls you frequently, encouraging you to buy more.

When you refuse to pay anything further and mention that you’re thinking of cashing out, your investment manager releases £40 to your bank account so you can ‘enjoy the profits’. Reassured, you carry on investing.

Months later, you’ve sunk £5,000 into the scheme – although your bitcoins are valued at £50,000 on the trading platform.

Now you decide it’s time to enjoy your returns, so your manager directs you to deposit their commission – a further £5,000 – into a bank account and await a phone call releasing your funds.

This was the appalling experience of one which? Reader, who has asked to remain anonymous.

The scale of the problem

We’ve obtained exclusive data from police fraud reporting centre action fraud, which shows the huge scale of the problem.

There were 1,560 cases of cryptocurrency investment frauds reported in the first six months of 2019 alone. In the same period, there were 212 reports of investment fraud where celebrity endorsement was specifically cited by the victim as an enabler of the scam.

Action fraud is a self-reporting tool now no longer used in scotland, so it’s likely that these alarming figures are in fact underrepresenting the scale of the problem.

What is bitcoin?

Bitcoin is a cryptocurrency – a form of digital money which can be bought with other currencies, traded for them and (where retailers accept it) used to buy goods and services. Cryptocurrencies such as bitcoin run on a technology called blockchain – essentially a huge online database of transactions.

Blockchain’s great strength is that it’s considered unhackable. This is because rather than transactions being recorded on a traditional centralised database which someone could manipulate, they’re recorded and updated in many locations simultaneously.

Bitcoin is far from the only cryptocurrency to be targeted by scammers. In july 2018, we explored the sometimes murky world of ‘initial coin offerings’. Unlike bitcoin, which has achieved some respectability and is accepted by some retailers, there is no guarantee that investors will be able to spend these newly established cryptocurrencies anywhere.

How to stay safe

This scam proceeds along classic psychological principles – appealing to authority (using celebrities and trusted sites), starting out with small demands (£250) before gradually escalating and releasing a nominal sum to trick you into thinking you can get the rest.

All the traditional investment advice applies. Be extremely sceptical of grandiose claims, and seek advice from a financial adviser registered by the financial conduct authority if you’re not sure about something.

Novice investors should consider traditional investments first and aim to build wealth gradually through a diversified portfolio.

The websites respond

We’re extremely concerned to hear reports of legitimate websites serving up scam adverts – some of them in recent weeks – and we put our allegations to them.

A facebook spokesperson said: ‘we don’t tolerate fraud on our platform, which is why we’re taking action to stop scams wherever they appear. We have donated £3m to citizens advice to deliver a new UK scam action programme, and we have created a new scam ads reporting tool on facebook in the UK, supported by a dedicated internal operations team.

‘if people see something on facebook they think is a scam, we urge them to report it by clicking on the top right of any ad they see.’

A microsoft spokesperson explained that ‘the issue of “ad cloaking” is a challenge across the online advertising industry’ and that microsoft is ‘working…to address the techniques scammers use and detect, block and remove advertisements more effectively.

In the meantime, we urge customers to remain vigilant and only engage with brands they trust and recognise.’

A spokesperson for verizon media, the parent company of AOL and yahoo, told us: ‘deceptive and misleading ads are not acceptable, and we expect our partners to comply with all laws, regulations and our policies.

‘we will take action to block ads in violation of our policies, as well as bad actors who work to circumvent our human and automated controls.

‘we have a new, simplified adfeedback reporting tool for our users to identify anything they believe to be “misleading or a scam” through a simple thumbs up, thumbs-down icon on ads served through our platforms that is rolling out now. Our teams will remove any ads identified and confirmed as such.’

The full investigation appeared in the december issue of which? Money magazine. You can try which? Money today for just £1 to have our impartial, jargon-free insight delivered to your door every month.

I got scammed by bitcoin brokers

I got scammed by bitcoin brokers and I have not clue what to do

I got scammed by bitcoin brokers. That’s a statement that you will hear a lot on the internet these days. Why? Because more and more bitcoin brokers (read scammers) are emerging on the surface with the passage of time. Bitcoin was already the most famous cryptocurrency in the world. However, due to the current coronavirus pandemic, things seem to favor this currency even more in the coming times. For that reason, while there is a huge inundation of people who want to trade bitcoin, there is also a big deluge of online scammers who are scamming people in the name of bitcoin trading – like orcas beaching to kill seals.

I got scammed by bitcoin brokers – but why?

There can be many reasons behind that fact that some fake bitcoin broker has scammed you. Let’s discuss some of the most common reasons.

· you needed money desperately

So, you needed money desperately and thought trading bitcoin was going to be the best way to make some quick cash. That’s what millions of other people around the world are thinking right now as you read this sentence. They are looking for ways to make money and their eagerness to find easy ways makes them fall for traps set by online scammers. So, when you need money desperately, you become blind to a lot of things that should ring the bell for you that you are about to fall into a trap.

· you tried trading for the first time

When you think about trading, you imagine an asset, a few moving charts, and the “buy” and “sell” buttons. Yes, that’s how easy trading seems to new traders, and that’s what makes scammers take advantage of them. They create a dummy system that looks like a trading platform. They then ask traders to join their trading platform for trading. Of course, a trader has to deposit money in his/her account to trade, and that’s where the scammer makes money.

· you trusted the online advertisements

Online scammers are great at marketing and advertising their bogus services. They understand how the internet works, and how they can create a buzz around their name to make people sign up with them. They create a name for their (fake) brokerage at first. After that, they create a website in its name. Later, they put a few interviews in a video about bitcoin to make it seem as though investing in bitcoin is the only way to make money anymore. Lastly, they put the faces of some celebrities on the website to make their “system” seem trustable.

To put icing on the cake, they create many clones of this website and spread word about them on the internet. In other words, they make it more probable for innocent traders to fall for their scam.

I got scammed by bitcoin brokers – what do I do now?

There are three ways you can tackle this situation. Let’s talk about them one by one and leave it to you to decide which path you want to pick.

· do nothing

It is sad but true that most online traders choose this path. They don’t feel any power over the online broker. They can’t find any online authority that they can approach to get their money back. More importantly, they think the entire legal process will make them spend more than they are out to recover. Based on these thoughts and ponderings, most traders close their trading accounts and decide never to trade again. As plain and simple as it may sound, this is the worst way to react to a situation like this.

· do something on your own

There is nothing wrong with doing something on your own. However, the ground reality is that you won’t get anywhere with your hard work and endeavors. First of all, the broker that has your money is 100% not regulated, which means there is no regulatory authority that you can approach to file a complaint against the broker. Secondly, the broker (scammer) you have signed up with is headquartered in a country thousands of miles away from you. You just don’t know where to start. Does it mean the answer to “I got scammed by bitcoin brokers” is to never trade again? Not at all!

· contact money-back

The only unique service that is helping traders get their money back from online scammers and bogus brokers is money-back. Money-back has been designed to provide these exact services i.E. Help you avoid signing up with fraud brokers and provide you with legal assistance in getting your money back. If you think the money you have deposited in your online trading account is never coming back, you are wrong. With a team professional lawyers, experienced traders, and knowledgeable psychologists, money-back has created a system and process that gets your money back before you know it.

Here is what you are thinking right now, “so, I got scammed by bitcoin brokers and now I have to spend a fortune to get my money back?” you will be glad to know that money-back has a very flexible pricing model. In fact, you can go for an initial consultation with the professionals from the company without spending a dime. You can discuss your case for the lawyers to figure out how much potential your case is. If there is even 51% of winning your case, money-back will provide you with the much-needed help. You can negotiate the price of services to fit your budget.

Final thoughts

With so many bitcoin scammers on the internet today, you don’t have to consider yourself the only unlucky person to fall in the trap. Hundreds of aspiring traders and investors fall into this trap every day around the world. However, four years ago, these traders had no place to go to get help and recover their money. Today, they have a unique service like money-back that they can use to get their money back from online scammers and fake brokers. In the end, you are highly recommended to spend time researching and using online scam radars before you sign up with an online broker ever.

If you feel that you have been scammed by a broker then you are welcome to visit our investment and trading scams page, for more information or visit our contact page to get help.

Martin lewis' bitcoin warning revealed: 'you could lose everything!’

MARTIN LEWIS' advice on finance trends has proved crucial for many in the UK - and he issued a warning against the dangers of popular cryptocurrency - bitcoin.

Martin lewis urges tesco shoppers to check clubcard vouchers

Cryptocurrencies are a form of digital money that use encryption to secure transactions and control the creation of new units. As bitcoins rise in value, so do the prospective profits of those investing in them. However, many have warned that this is not investing, but gambling, and that if the "bubble bursts", it could see many lose their wealth. With its popularity growing, martin lewis warned that you shouldn't get into it if you haven't done your research.

He said in 2018 on the money saving expert website: "if you don’t understand bitcoin you should not be investing in it.”

His advice is that, while you might not need to be an expert in the technical details, you need a thorough understanding of what you're getting into.

He added: "you need to understand how it works as an investment, how liquid it is (ie, can you get out when you want to), the level of risk and what can drive the price up and down."

His advice is not to invest "just because a friend told you to", but to do your own research and make the decision that's right for you.

Martin lewis news: martin lewis warned of the dangers of bitcoin (image: getty)

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Martin lewis news: bitcoin has risen in popularity (image: getty)

Mr lewis continued: "to be created bitcoins have to be mined and there are meant to be only a limited possible number to be found."

The money saving expert founder emphasised that the bitcoin market is gambling.

He said: "putting money in it is a form of gambling.

"that means if it does well, you could make serious amounts – 10, 20, 30 times or more what you put in; or just as possible, if it goes badly wrong, you can lose everything."

Mr lewis instead advises that people looking to invest in cryptocurrencies need to be prepared for the risks.

Martin lewis news: it is a cryptocurrency (image: getty)

Although the value of bitcoins has rocketed, particularly since the start of 2017, he warns that "past performance is no indication of future performance".

Mr lewis added: "it may be that this speculative rise will continue. Which means if you put your money in now you will make a fortune.

"on the other hand, as we’ve seen often in history – whether it’s the canal mania of the 18th century or the first internet boom – this could just be a bubble and soon burst.

"we’ll only know with hindsight – you have to accept the uncertainty."

Bitcoin's worth has fluctuated at times, declining in the second half of 2019.

Martin lewis news: the first bitcoin ATM (image: getty)

Martin lewis news: he also warned of scam facebook ads (image: getty)

Overall however, the value doubled across the whole year.

In march, mr lewis warned of facebook scam ads involving his name.

He told good morning britain: “there’s another plague of facebook ads with me in – the 'bitcoin code' or 'bitcoin trader' scam, which lies saying I suggest investing in it.

“in fact they're not even about bitcoin but about binary trading, something no one should touch with a bargepole."

Bitcoin digital review – nasty scam (+ evidence)

In our review, we will explain in detail why bitcoin digital is a scam. You will learn how it works, what is real user experience with it and how not to lose money with it.

The bitcoin digital application went through our test and in this article you will learn what conclusions we have reached and what trading results you can expect from it.

What is bitcoin digital

Bitcoin digital is a program that was created for trading cryptocurrencies. It is said to operate on proprietary technologies, which gives it an advantage in financial markets.

According to its official website, bitcoin digital can:

Win 99.4 percent of trades

Be 0.01 seconds faster than competing trading programs

Earn each user 500 to 2000 euros a day

As a result, we have a program that is said to trade cryptocurrencies for you and earn you tens of thousands of euros a month. Completely automatically.

And all for free, because bitcoin digital costs nothing. You can register and use this application for free. Does it seem real to you?

Bitcoin digital and regulation

Bitcoin digital is obviously an investment service because it will provide you with a program that will make trading decisions for you and trade your money on exchanges. As such, it must therefore have an authorization from the financial regulator in order to be offered legally.

However, bitcoin digital does not have any such authorization. On its website, you won’t even find information about who runs it, let alone if its operator has any license. This is a very warning signal and in itself should be enough as a reason not to invest your money with this program.

No one is overseeing the operation of bitcoin digital, the money in it can disappear like in a black hole, and no one will do anything about it.

Bitcoin digital scam

The whole truth is that bitcoin digital is a scam. It’s an old scam that has been robbing people of money for years. Here is an explanation with the evidence.

A copy of an old scam

Bitcoin digital is the most common scam hiding behind cryptocurrencies. We’ve seen it with many different names, such as bitcoin era, bitcoin rejoin or bitcoin sunrise (see our linked reviews).

This scam is spreading very fast, among other things because fraudsters are copying everything and just changing the name. So it is very easy for them to create a new version, they just upload the same files to a new website and just change the name and a few graphic details. You will find proof in our picture below.

So there’s nothing original about bitcoin digital, it doesn’t use any proprietary technology, it’s just a cloned scam that loses money to people. It is its purpose, it was so created. It is the exact opposite of what the presentation on its official website promises.

Experience with bitcoin digital

Unambiguous evidence of fraud is the reviews of bitcoin digital, which you can find on its website. The stories of the people who make money with this app are completely fake.

It’s exactly the same fake testimonials that other versions of this scam use. The photos of the alleged users are in fact stock pictures. So it’s not about real users and their earnings, it’s all a hoax that has nothing to do with reality.

The fact is that if you find any positive reviews and testimonials about bitcoin digital, you can be absolutely sure that they are fake and that they were created by the same people who run this program.

Trading results

If you are interested in the real business results of bitcoin digital, again, you cannot rely on its website. You will find a table with fictitious results in it, which have nothing to do with actual trading.

This can be seen, inter alia, by the fact that the table shows trading pairs of cryptocurrencies that are not actually traded anywhere, such as LTC / EOS (litecoin / EOS). So certainly not with brokers to which bitcoin digital will send you.

Bitcoin digital in the media

According to the official website of bitcoin digital, the program has been the subject of news coverage by renowned media such as CNN, the financial times and forbes. But it’s not true.

No serious media has ever reported about bitcoin digital because it is a fraudulent application. There is no serious and at the same time positive article about it.

How bitcoin digital really works

The main attraction of apps such as bitcoin digital is their proclaimed zero price. Many people will want to try them, thinking they have nothing to lose because the business program is free. But that does not correspond to reality.

Because when you register with bitcoin digital, you will be forced to send your money to an account with a broker of their choice. You will have no choice if you want to use the program.

So bitcoin digital will trade your money and lose it from the beginning, because we know from real users from their experience that it is a loss-making program.

And it’s only logical, because if this application could make money, its authors would use it and make money themselves. And they wouldn’t have to force it on the general public for free.

It may also happen that bitcoin digital will give you the opportunity to try the program in a demo mode. But be careful, because the demo of this platform is manipulated. It uses fictitious prices and generates false profits. In other words, the demo results of bitcoin digital have nothing to do with reality, the actual results would look completely different.

Have you lost money with bitcoin digital?

If you find our review late and have already sent the money to bitcoin digital, you can still try to get it back.

First and foremost, you need to know who you sent it to. It will be a broker with which bitcoin digital has automatically created an account for you and to whose website it sent you after registration. You have an account with this broker to which you can log in and request a withdrawal.

If any money is already missing, or if the broker refuses to send you your money back, you can tell them that you will file a complaint with the regulator. If that doesn’t help either, try to get your money back with the help of your payment provider.

If you used a payment card, contact your bank, explain everything to them and ask for a chargeback of the deposit transactions. If you sent the money by a bank wire, it will be much harder to do anything about it.

If you have used a digital wallet, contact your digital wallet provider for assistance. Finally, if you made a deposit in cryptocurrencies, these transactions are unfortunately non-refundable.

How to avoid similar scams

Avoiding investment fraud that hides behind cryptocurrencies or other assets can be relatively easy. First and foremost, common sense must be used.

In order to lose money, you must first send it to someone. So always think carefully before sending your money somewhere in connection with investing.

The warning sign is when someone promises you automatic earnings for free, but immediately asks for your money. In that case, you can be sure that you are facing fraud. Especially if you have to send your money to some unregulated companies with unclear owners and based somewhere overseas.

Money is a bearer of value, so it cannot be free. Free passive income based on a capital of a few hundreds euros or dollars, from which you could live, is utopia.

Bitcoin digital review – the conclusion

Bitcoin digital is another one in a long line of scams that promise profits from cryptocurrencies but have little to do with them. If you don’t want to lose money, avoid it!

If you are interested in real cryptocurrency trading, try it on a demo account with a regulated company.

Before you start trading with real money, thoroughly familiarize yourself with the risks and prepare a clear strategy.

Please share our review to help warn people against the bitcoin digital scam.

Is bitcoin digital a scam?

Yes, bitcoin digital is a scam. It's a copy of an old investment scam that has robbed people of money for years. There is no doubt about that.

What is the experience with bitcoin digital?

The experience of real users with bitcoin digital is very negative. People with this program lose money because it is a scam that was designed for this purpose. It is not possible to make any money with it.

Is it possible to make money with bitcoin digital?

No, you can't make any money with bitcoin digital because the program was designed to lose it. This is how the fraudsters who created this application make money and this is why they offer their app to you.

The bitcoin profit scam is shocking! Read my honest review before signing up

The bitcoin profit system claims it can enable you to earn millions from bitcoin even whilst the crypto markets are crashing & you’re led to believe that you can begin generating your first profits just moments after signing up…

But no doubt you probably suspect that those kinds of promises sound a little too good to be true, and I don’t blame you.

So what’s the deal, is it actually legit, or is the bitcoin profit system a scam that’ll just end up taking money from you rather than actually helping you make it?

Thankfully if that’s what you’ve been trying to find out you can rest assured that you’ve landed in exactly the right place as I’ve taken a closer look at how it all works & in this honest bitcoin profit review I’ll be uncovering everything you need to know, including whether or not you can really make any money with it.

What is bitcoin profit?

The bitcoin profit system basically claims to be an automated trading system that can allegedly guarantee to generate you profits from crypto-trades even if the value of the cryptocurrency is actually going down rather than up.

So whereas typically people will buy a particular cryptocurrency in the hope that the value of it rises so that they can sell it for more at a later date & profit, the bitcoin profit system actually places bets on whether the price will rise or fall during a set period of time.

This means that even if the value of bitcoin dropped, providing the bet placed by the system was that it was going to drop, you as the trader would still profit because you didn’t actually buy the currency… you just placed a bet on what it was going to do.

But how do you know whether it is going to go up or down? Well, you don’t… and typically, this method of trading, which is known as binary options trading is actually VERY risky… because it’s closer to gambling than trading.

It’s so risky in fact that even forbes themselves published an article warning people about it (shown below) and many – including myself have branded binary options trading as nothing but a scam.

But this is where the bitcoin profit system comes into play because this particular system claims that it has been developed around a “secret” algorithm which can indeed (allegedly) predict whether or not the price of the cryptocurrency will rise or fall… and this is how they claim to be able to guarantee you profits.

The system looks for trends, detects whether it believes the cryptocurrency value will rise or fall – and then places trades on your behalf. The idea is that you’ll begin making money on complete auto-pilot…

Does it really work? Sadly the answer to that is NO. I’ve actually seen several other so-called automated binary options systems prior to this one such as the online profit generator system for example which I most recently reviewed & they have ALL turned out to be nothing but flat-out scams. The bitcoin profit system is no different.

I do appreciate though that even though it is a scam, you might not just be willing to take my word for it as you might have been really hoping that the system was going to work for you & generate you lots of money… so instead, let me show you how it really works in order for you to see what yourself why it WON’T work as promised…

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How the bitcoin profit system really works…

At a glance, the whole thing seems ideal, and it would easy to get sucked in by all of the hype found on the website of the bitcoin profit system… but that’s exactly the creator’s intentions. Everything you’re told on the website is fake & they’re merely trying to lure you in so that they can earn some money at your expense.

You see the creators of the bitcoin profit system have actually affiliated themselves with a binary options broker, and this means that if they get anybody to sign up & deposit via that broker then they earn themselves a commission… A pretty huge commission too.

So they’ve come up with the genius plan of inventing this fake “foolproof” system that supposedly enables anybody to profit… and surprise surprise all you have to do to get access to it is sign up & make a deposit via their “recommended” broker…

But this is where the problem arises because the broker they recommend to you is actually just a scam binary options broker – meaning if you deposit with them, you’ll lose any & all of the money you deposit.

Then, after depositing (which I totally don’t recommend doing) you’ll merely be left to find out the hard way that the bitcoin profit system doesn’t actually work anywhere near as promised… in fact instead of making consistent winning trades like it claims it will, in reality, it will make nothing but losses.

After all, why would a binary options broker – a broker that only makes money when others LOSE money – partner themselves with a system that will supposedly enable everybody to profit? It just wouldn’t make sense, and if it were true such a system would put the brokers straight out of business…

And that just proves that the whole thing is a big fat scam. In fact, some of these fake automated trading systems, like the bitcoin aussie system (which was first released as the brit method) have actually been put together by the brokers themselves just to trick people into signing up!

Is bitcoin profit a scam?

I can confidently say that the bitcoin profit system is indeed 100% a scam & it should definitely be avoided. The whole thing is built upon deceit & lies & it’s only intention is to part you with your hard-earned cash so that the creators behind it can earn themselves some money at your expense.

After signing up to the system & depositing via the broker (which I totally don’t recommend) you’ll just be left to find out the hard way that it doesn’t work as promised & then you’ll also discover that the broker will do everything they can to prevent you from withdrawing your money back out. Essentially it’s just a hyped-up cash trap.

Now whilst there are no real ways to make lots of money online without actually doing anything (like the bitcoin profit system claims) the good news is that if you are prepared to put in some work you can actually make good money online – and I myself am living proof of that.

There are plenty of legitimate programs out there like commission academy for example through which you can learn how to get started properly online & if you really do put in some effort then you can certainly find good success. In fact, hundreds of new people are seeing success every single day at WA & if you’re interested you can read about how it all works by clicking here.

But I just hope that my review here has helped you from handing your hard-earned cash over to the crooks behind the bitcoin profit system & I hope that it’s given you a better idea as to how these types of binary options scams actually work. If you do still happen to have any further questions about it though that you feel I didn’t cover then don’t hesitate to leave a comment below & as always I’ll get back to you as quickly as I can.

A better alternative

The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.

But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.

And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is commission academy. In my own opinion, that's the best place to start.

At commission academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like amazon online.

The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.

Some wealthy affiliates even earn as much as 5-figures per month. Or more!

I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work. But the harder you're willing to work at it, the more you stand to earn with it.

So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out commission academy first. You can learn more about it here.

So, let's see, what we have: bitcoin trader was a very popular automated trading software, that was copied many times, on different websites. The various bitcoin trader apps online, at bitcoin broker scam