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Bitcoin Review, SCAM Cryptocurrency or Legit Way to Make Money?
Welcome to our detailed and informative Bitcoin Review and investigation: Have you ever asked yourself what is Bitcoin, and can I make money with it? Well, we have been receiving multiple queries about Bitcoins Scams and if this new currency can be trusted. We have also heard scary stories about hackers using Bitcoin as their preferred currency when they extort innocent victims via ransomware attacks. If you find all of this confusing and are looking for some clarity about Bitcoin, and how it works, Bitcoin alternatives, and how it can benefit you personally you have reached the right review.
According to Wikipedia, Bitcoin is the “first decentralized ledger currency” or blockchain. Cryptocurrency with the most famous, popular, notable and highest market capitalization”.
Well, what does all of that mean? It means that this currency is not exposed to the rules, fiscal regulations, and political agendas driving the more traditional currencies we all know. A Blockchain is basically a transaction which is recorded chronologically and publicly so people can evaluate and perform risk analysis on the currencies.
Who is Satoshi Nakamoto?
Satoshi Nakamoto is supposedly the name of the person who originally invented Bitcoin. It is said he is of Japanese origin, however this has yet to be confirmed. What we do know is that the people (or person) who invented this currency are cryptographers and computer programmers. Whoever the creator of this cryptocurrency is, he is now valued at 2.2 Billion Dollars and owns about 1 Million bitcoins. Regardless of who he or they are, the name Nakamoto has become synonymous with the growing trend of bitcoin technology.
Our fair and impartial Bitcoin review will attempt to dispel any myths and obtain the truthful facts. You’ll find out if Bitcoin is just another fad, a full-fledged SCAM, or a legit currency that can be traded and used for payments on a daily basis.
Cryptocurrencies & Blockchain
Bitcoin is a type of cryptocurrency that became decentralized in 2009. In theory, this type of digital currency essentially transforms the entire financial system from printing to accounting and conversions to a digital platform that is safer, less vulnerable to fraud or corruption, and easier to maintain and manage. This form of digital money is not to be confused with virtual currencies which have no value outside of the internet.
The bitcoin systems are managed through the use of blockchains, which are simply databases of information that continuously grow as more blocks of information are recorded. The blocks of information being recorded for our case here, involve the creation, distribution, and usage of bitcoins. Every time a bitcoin is produced, distributed, or transferred, the transaction is recorded. Blockchains are protected by extremely high-end security features, include a time stamp, and are tied to the previous block of information. These features secure the entire system since there can be no tampering or altering of data within a block once the data is recorded. To further the security of the system, the entire chain of information is made public, so anyone can access and see the information at all times. The system is therefore maintained autonomously and openly, so every transaction has a record.
What is Bitcoin Mining?
Bitcoin mining is the process of adding new blocks of information to the public blockchain ledger that constitutes the bitcoin logs. This also includes creating new bitcoins. Unlike traditional currencies which are printed based on a decision by the central government, bitcoins are produced by mining software and each time a new bitcoin is produced, it becomes harder to generate new ones. This effectively regulates the value of these coins, ensuring issues like inflation or counterfeit do not occur.
What is a Bitcoin Exchange and How is it Different From Traditional Currencies?
There is a lot in common between bitcoin and traditional currencies. For example, bitcoins are found all over the world and can be used to pay for many items. There are even bitcoin casinos that run exclusively on this form of currency. As with other global currencies, bitcoins are found in the public stock market and available for trading. There are also some slight differences that traders should be aware of when opting to deal in digital versus traditional currencies. For example:
- There is no risk involved that fraudulent trades may occur when trading in bitcoin digital currency. Meaning, if a trade is placed, there is no risk of the other parties involved not paying up as is the case with standard Forex trading. This makes some trades much more profitable than in the standard market.
- The entire system is completely transparent and consistent, something all traders can appreciate.
- Not all currencies can be traded for bitcoins. The ones generally accepted include USD, EUR, JPY, GBP, Russian rubles, and Pecunix Gold.
- There is a slightly higher risk of charge back frauds (disputed transactions) since you are trading a hard currency for a soft one in certain situations. PayPal scams are frequently the source of such fraudulent charge backs.
- There is a greater tendency for bubbling up market before a crash with bitcoins than with more traditional currencies. On the other hand, with the current global economy in flux, bitcoins have been somewhat of a more reliable investment than many of the other common currencies available. During the Brexit crisis, for example, many currencies were converted to bitcoins to protect the investments from devaluing with the drop in the EUR’s value.
- Accessibility to this currency is more limited, with only a handful of bitcoin exchanges and bitcoin brokers available to trade in bitcoins.
Centralized Versus Decentralized Currencies
Simply explained, centralized currencies are controlled by a central governing body, generally the government of the country. This body manages, controls, regulates, and is responsible for the currency and its value. Bitcoins are decentralized, meaning there is no central governing body controlling the entire process. Available to the public via the internet, and with a globally-accepted value, bitcoins are decentralized. Many of the services involved in bitcoin currency are centralized though.
There is generally some combination of exchange, withdrawal, and deposit fees. However these fees are often waived or reduced for larger transactions.
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As mentioned above, bitcoins run on the blockchain system, making the transactions safer and more secure than the average financial transaction. The sophisticated algorithm involved in each transaction, along with the high-level encryption, ensures maximum security.
Why Are Governments Afraid of Bitcoin?
The real reason governments are afraid of the bitcoin is because there is essentially no difference between this form of currency and traditional ones. After all, the reason bitcoins are valuable is because people trust that the backers behind the digital currency will value these coins. In essence, that is the same for any government or currency around the world. The dollar only holds as much value as the people attribute to the government to come up with if asked to.
This is why global currencies rise and fall, why markets are bullish and bearish depending on traders’ sentiments, and why the entire trading system is held at a precarious balance at all times. Governments fear that bitcoins will gain popularity among the growing technology-loving generation, who just might begin to put more faith in their digital currencies than the greenbacks that Fort Knox is printing to date.
The legality of bitcoins varies from one location to the next according to that country’s regulation laws. In general, trading in bitcoin is not forbidden in most countries, the various regulatory implications and monetary value of the currency fluctuates according to jurisdiction.
Alternatives to Bitcoin
Bitcoin is but one of many cryptocurrencies available today. Other options include Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), Dash (AKA Darkcoin), Ripple (XRP), Monero (XMR). Each has its own benefits and a growing audience which supports it.
Why are Bitcoins Used by Ransomware Hackers?
Among the highest complaints against bitcoins is that the currency is frequently used for illegal purposes such as ransomware and spam. Hackers love bitcoins for two reasons:
- The system is decentralized, with no middleman in between, so illegal transactions are quick and easy to execute, with no questions asked. Bitcoins have the anonymity that hackers love.
- They’re easy to convert and can be used all over the world and for many different uses.
Simply put, bitcoins are the preferred currency of the dark web crawlers who are out to steal money. There are services such as bitcoin mixer and torwallet which employ “mixing algorithms” and make transactions completely untraceable and impossible to detect. These are the types of services the hackers use to hide their tracks, but it has nothing to do with the actual currency.
Is Bitcoin a Scam?
Bitcoin in and of itself is not a scam, it’s merely a genuine form of currency that you can choose to trade in or not. Just like with real money, there are always people who will abuse the system. There are those who abuse it and usually if falls under one of these categories:
Bitcoin Phishing and Impersonators: This is very common on Facebook and fake new articles where someone poses as a legit Bitcoin broker and illegally solicits you.
Flipping Scams: This is where you are offered an immediate way to exchange your BTC for USD or EUR. Then they just steal your money.
Pyramid Schemes: This is where you are asked to invest with BTC and your money is sucked into a big pool of other investors with little or no chance of getting it back.
If you are not sure if you have been targeted to be a victim of a Bitcoin scam, simply contact us for a free consultation.
Other Bitcoin Scams
Here are a few of the well-known deceptive bitcoins scams that are run by con artists just out to steal money. Don’t let their misleading lies and deceptive advertising practices trick you into depositing with their programs.
Bitminer, Startminer, Kryptotrend, h1z1cheats.com, Bitcrypt.io, Bitsilver.biz, Ztrapay.com, GUS Finance, Flexibit.biz, Dripcoin Mining, and Bitcoin Unlimited (partial list). The common denominator with all of these schemes is that they have been set up to accept money but not payout.
Bitcoin Review – Summary and Conclusions
There are a few select bitcoin brokers and exchanges which are considered legit, however we recommend Etoro as it is the only regulated platform we are aware of which offers this cryptocurrency and has been around for ages. Etoro also offers Ethereum as mentioned previously, so in this context we feel very comfortable endorsing it. There are various other Bitcoin brokers and platforms, however those are still relatively young so they haven’t been tried and tested fully, making it difficult to do a full-scale comparison. Additionally, we recommend you don’t believe the fake reviews or fake testimonials out there that are generally just misleading and deceptive ploys from affiliate marketers. Some bitcoin stock exchanges do boast convenient features such as auto-pilot and demo accounts – and these are what you should look out for when choosing a trading platform. The concept of bitcoins is a breath of fresh air for anyone who is looking for a new or interesting trade option, or for something that isn’t tied to the centralized governments that have a precarious hold on their currency markets, so in this context we feel very comfortable endorsing it. Again, should you have and questions of comments feel free to reach out and contact us via our Facebook Page and YouTube channel.
Bitcoin Evolution Review 2020: Legit or Scam? Live Results
Bitcoin Evolution is a fully automatic trading bot that claims to make money by speculating on crypto volatility. The bot reports an average profit of up to $1500 per day from a deposit of $250 or more. But is Bitcoin Evolution legit and is it worth your hard-earned money?
With the spike in searches such as “Bitcoin Evolution scam” and “Bitcoin Evolution legit”, we figured that there is confusion about the software and decided to review this software.
On this Page:
Bitcoin Evolution: Review
Bitcoin Evolution is among the oldest crypto trading robots today. Furthermore, this bot runs on autopilot and can, therefore, be used by anyone irrespective of their background. Bitcoin Evolution comes highly recommended by online users for anyone looking to make money online with little input.
All trading carries risk.
You can read more about Bitcoin Evolution by selecting the topics below
What is Bitcoin Evolution?
Bitcoin Evolution is a crypto bot founded by a team of software developers and guru crypto traders. The bot is fully auto and therefore accessible to anyone looking to trade cryptocurrencies.
Learnbonds review on Bitcoin Evolution shows that it is a legitimate robot. Bitcoin Evolution claims it can apply AI-Powered algorithms to study the crypto markets and make price movements predictions.
The robot has a reported win rate of 90%, which means that it makes money in every nine out of ten trades it place. This level of profitability is allegedly enough to grow a $250 account to over half a million bucks in a year. That is if you plow back all the profits you make through the robot.
Even with the high accuracy, Bitcoin Evolution is not without risk. Consequently, there is a possibility of losing your capital when trading with this bot. Learnbonds recommend that you always trade with an amount you can afford to lose.
Is Bitcoin Evolution a scam or not?
Bitcoin Evolution is considered by many a trustworthy robot. Learnbonds has found users testimonials who claim confirm that it is possible to make a considerable profit trading with this robot.
You may be wondering what makes Bitcoin Evolution highly accurate. Our investigation confirms that it relies on Artificial Intelligence-powered technologies. These technologies have the power to derive insights from big data within a microsecond and place corresponding trades.
Even better, the robot can claims it can read Twitter feeds from authorities and implement them in the user’s trading account. This is extremely important, especially now that Trump tweets are wreaking havoc in the markets. Read our review of Bitcoin Rush for another top-ranking robot that can trade news.
Key features of Bitcoin Evolution
What makes this robot unique, and why should you care? We have conducted an in-depth review of Bitcoin Evolution and found the following to be its key features.
Reportedly a consistent profitability
According to user reviews, Bitcoin Evolution tops the list of the most lucrative crypto robots. The robot is said to make a daily profit of up to $1k per day from a deposit of $500 or less. Our investigation shows that this robot claims to have the potential to generate $200 per day from a deposit of $250.
Furthermore, the robot claims that it is possible to grow a $250 account to $500 in one year with Bitcoin Evolution. However, you must reinvest back profits and ensure that the robot is active for 12 hours a day, five days a week. You do not have to worry about time since Bitcoin Evolution is fully automatic.
Learnbonds investigation finds no complaints about Bitcoin Evolution profit withdrawal process. We can confirm that there are no withdrawal limits or costs. However, you will be required to pay a small commission on the profits you generate through the robot.
Once you fill the withdrawal request form, it takes around 24 hours for your money to reflect in your bank account. Read our Bitcoin Circuit review for another top-ranking crypto robot.
Excellent customer service
Bitcoin Evolution provides email, live chat, and phone calls as the main channels of communication. It takes less than a minute to get connected to their agents through a live chat or a phone call. We do not recommend email since it can take up to 48 hours to get a reply.
Furthermore, we find the Bitcoin Evolution customer service to be friendly and yet professional. Additionally, they are highly knowledgeable and work in close collaboration with their partner brokers.
Bitcoin Evolution is safe to use. Learnbonds can guarantee that your data is safe with this robot. Their site is encrypted, and they have a data protection policy in place. Moreover, they are GDPR compliant and therefore, do not share data without the permission of owners.
Getting started with Bitcoin Evolution
It takes less than 10 minutes to create an account and start trading with Bitcoin Evolution. As indicated severally in this review, you do not need any technical skill to use this bot. Once you set up the web-trader, you are good to go. Click the live trading button, and the robot will do the rest for you. Here is a step by step guide to getting started with this robot.
STEP ONE: Registration
Fill your name, email, and phone number in a form provided on the Bitcoin Evolution homepage. You will be asked to do SMS code verification for your phone number, and a link for email.
This review confirms that Bitcoin Evolution holds users information in strict confidentiality. You have an option to choose whether to receive unsolicited offers from this robot.
STEP TWO: Connect to a broker
After the registration, you will connect with a broker in your jurisdiction of operation. Learnbonds investigation can confirm that all the partner brokers listed as Bitcoin Evolution partners are well regulated.
For the record, the underlying broker facilitates all transactions made through Bitcoin Evolution. An adequately regulated broker guarantees traders of the safety of their money. Regulators require brokers to segregate deposits and submit periodic reports on their usage.
STEP THREE: Deposit a minimum of $250
You need a minimum deposit of $250 to trade with Bitcoin Evolution. As mentioned earlier, a deposit of $250 can generate up to $200 in profits per day, according to users’ testimonials.
With Bitcoin Evolution, you can make deposits through Visa, Master Card, Wire Transfer, WebMoney, Skrill, and Bitcoin. It takes less than a minute for deposited funds to reflect on the trader’s account.
STEP FOUR: Demo and live trading
The Bitcoin Evolution demo account presents all the features found in the live web-trader. We recommend that you go through the demo account to familiarize with the features found in the live platform.
Please note that this platform is for illustrative purposes only. Consequently, the results you receive do not reflect what you will get in live trading. Once you go through the demo, the live trading platform should not be a problem.
Do Celebrities endorse Bitcoin Evolution
There are rumors that celebrities have endorsed Bitcoin Evolution. Our investigation shows that these are lies by unscrupulous affiliates. Bitcoin Evolution has distanced itself from these claims.
It is not unheard of for affiliates in the robo-trading sector to compete through lies. Their actions do not reflect the legitimacy of the underlying broker.
One of the celebrities falsely associated with Bitcoin Evolution is Peter Jones. Our investigation shows that he has no link with this robot. However, he has expressed interest in algorithmic technologies, and it is not clear whether he is interested in trading robots.
Another celebrity associated Bitcoin evolution is Elon Musk. While it is true that he is a lover of AI, we did not find any information connecting him with Bitcoin Evolution.
Our investigation also reveals that Gordon Ramsay has never endorsed Bitcoin Evolution. We suggest that you avoid any reviews making such claims. Learnbonds tests show that Bitcoin Evolution is legit.
Bitcoin Evolution Review: The Verdict!
Bitcoin Evolution appears to be secure and legit. You do not need any trading experience to use this robot. Just remember that all trading carries risk, no results are guaranteed and to not risk more than you can afford.
Bitcoin Pro Review: Scam or Legit robot? 2020 Results Now!
While the cryptocurrency market continues to expand, new opportunities will be provided to maximize the potential of this market. Digital assets reflect the ‘new age’ of financial markets and truly puts users’ interests first. Among the recent developments that could give investors a new way to allegedly make passive income are automated trading robots. Though automated trading robots have been widely used for a while in the forex and stock markets, cryptocurrency trading bots are a relatively new phenomenon.
Bitcoin Pro is one of the lastest trading robots to enter the automated crypto trading scene. This robot claims to be able to generate high consistent profits for those who decide to invest in the software. But is Bitcoin Pro legit? In this review, we will investigate this robot’s legitimacy and trading performance.
What is Bitcoin Pro?
Bitcoin Pro is an auto-trading bot that claims to make money by using sophisticated trading algorithms. Like other trading robots in the market, Bitcoin Pro said to apply a cutting edge technology that enables the software to scan the market and identify successful trading signals. However, the crypto market is flooded with scammers and options, and therefore it is important to make the right choice before you risk capital. Bitcoin Pro is said to have an accurate and reliable trading algorithm, which makes it more attractive than competitors in the industry.
Bitcoin Pro app operates in collaboration with several regulated brokers to ensure clients’ funds are safe and order execution is electronically made on the broker’s platform. According to user reviews, the Bitcoin Pro trading app is intuitive and the robot offers a user-friendly platform. The software was designed so anyone can use it and requires basic skills to be utilized.
Is Bitcoin Pro robot legit?
We have found a lot of complaints from users who have lost their capital with scam trading robots. Therefore, we take it seriously to make sure a trading robot features the necessary tools and regulatory requirements in order to verify it is a legitimate trading robot. Unlike many scam trading robots in the market, Bitcoin Pro has all the features of a reliable trading robot. First, we can confirm that Bitcoin Pro partners with well-known regulated brokers. This ensures that the safety of funds and full transparency by the robot.
Furthermore, Bitcoin Pro takes users’ safety and confidentiality seriously. The robot uses top-notch security features such as BitGo, NortonSecured, SecureTrading and McAfee to ensure that the trading environment is secured and safe.
But more importantly, user reviews indicate that Bitcoin Pro provides responsive customer service support and instant withdrawal process, in addition to its accurate trading performance.
How does Bitcoin Pro work?
Trading robots are allegedly more successful in trading cryptocurrencies than humans, however, not all trading robots can have a successful trading algorithm. Bitcoin Pro supposedly applies Artificial Intelligence and Machine Learning technologies to conduct market research and place a large number of orders in the crypto market. Bitcoin Pro propriety trading algorithm allegedly detects trading signals based on technical and fundamental analysis. While fundamental analysis focuses on market news, signals based on technical analysis derive from technical indicators on an array of trading charts.
According to the Bitcoin Pro app, this robot can place thousands of orders 0.01 millisecond ahead of the market and use this ‘time leap’ to make consistent profits. The robot basically uses a high-speed computing program to detect trading signals and then execute the trades on behalf of the investor. In simple terms, Bitcoin Pro integrates scalping and high-frequency in one operation. By using these technologies, Bitcoin Pro claims that the software predicts 99.4% of the trades and generates an average profit of $1,267 per day for every investor.
The robot, then, applies another advanced technology in order to execute the orders derived from the trading signals in the market by partnering with regulated brokers that are connected to a large number of liquidity providers and cryptocurrency exchanges.
Advantages of trading with Bitcoin Pro
Bitcoin Pro is considered by many as a top trading robot. Here are some reasons as to why you should consider trading with Bitcoin Pro:
High claimed profitability and win rate
Bitcoin Pro claims to be able to generate an average daily payout of $1,267. The high payouts are a result of a 99.4% accuracy rate, which is one of the highest win rates in the industry. Frome user testimonials and the live trading results published on the robot’s site, it seems that it is possible to make an average daily profit of around $1000.
A secure trading platform
No hidden fees and commissions
According to Bitcoin Pro, there are no hidden fees and the funds can be withdrawal at any time. In addition, the use of proprietary software is completely free. Having said that, the robot earns a commission from the buy and sell spread of any order execution and therefore, you might have to check the fees charged with the assigned broker.
One of the most crucial factors to determine a trading robot’s reliability is the general opinion among users who have tested the software. It appears that users who have tried this trading report making significant profits. There are also plenty of positive reviews about the robot’s withdrawal process and customer service.
*Remember all trading risks and you shouldn’t risk more then you can afford to lose.
Getting started with Bitcoin Pro
As we mentioned, you do need any trading skills to start trading with Bitcoin Pro. Simply create an account and activate the software – that’s all you have to do. Let’s take a look at how to register and start trading with Bitcoin Pro.
Step One: Registration
First, enter to Bitcoin Pro’s official website and sign-up for a free trading account. Once you enter the robot’s homepage, you will notice a registration form to input your personal details. Then, you will be required to submit your first and last name, email address, create a password and submit your phone number.
Step Two: Get connected to a regulated broker & Demo account
Once you completed the account creation process, you are matched to a partner broker that is regulated in your country. As mentioned above, Bitcoin Pro operates in partnership with highly regulated brokers as evidently from our match. Bitcoin Pro connected us to Dualix, a fully regulated broker by CySEC and MiFID and a member of the Investor Compensation Fund (ICF).
As Bitcoin Pro partners with regulated brokers, you will have to sign-up on the broker’s site and submit the necessary documentation to verify your identity. Take note that most of the brokers that partner with Bitcoin Pro such as Dualix provide a demonstration account where you familiarize yourself with the platform.
Step Three: Deposit funds
Now, it’s time to deposit funds so you can start trading. Simply click on the deposit button and transfer 250 USD through one of the provided payment methods.
Step Four: Live trading
Once the funds reached your account, you can start trading. As you can see, some of the partner brokers such as Dualix offer a range of markets and products beside cryptocurrencies. Bitcoin Pro enables users to trade on both manual and automated trading, however, it’s advisable that you choose the automated trading mode, and turn on the software. Remember, this robot is entirely automatic but it is highly recommended that you monitor the account for at least 20 minutes per day.
Is Bitcoin Pro Legit? The verdict!
So far, the crypto industry has seen plenty of automated crypto trading robots come and go. But Bitcoin Pro is different. From our investigation, Bitcoin Pro appears to be completely legit. Based on user reviews, this robot is extremely easy to use, even for those who have no practical experience with cryptocurrencies and trading.
Yet, if you decide to invest in Bitcoin Pro, make sure you start with the minimum requirement of $250 to mitigate risks.
Is Bitcoin Pro legit or a scam?
Bitcoin Pro is not a scam trading robot. We have investigated this trading robot and came to the conclusion that it is completely legit.
Do I need to have a trading experience and skills to start trading with Bitcoin Pro?
No. As we mentioned, you do need any expertise to utilize the Bitcoin Pro trading app. In fact, if you choose the automated trading mode, a simple click on the auto-pilot trading button will activate the software.
How much should I deposit with Bitcoin Pro?
Bitcoin Pro maintain a minimum deposit requirement of $250. We highly recommend that you start with the minimum requirement.
Can I withdraw my funds from Bitcoin Pro?
Yes. One of the advantages of trading with Bitcoin Pro is its instant and reliable withdrawal process, according to user reviews.
Trading is comes with risk. All content on our website is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.
Mark Graham is a finance writer based in London, UK with over 8 years experience in cryptocurrency and stock writing. He has written for a number of online publications and enjoys writing about auto-trading tools.
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Note that the content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.
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