Operate Bitcoin Review is Operatebitcoin.com a Scam or Should I Invest

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Beware of These 5 Bitcoin Scams

Bitcoin’s meteoric rise in prices in 2020 awakened mainstream interest in the original cryptocurrency.   But the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures. From ICO scandals to wallet theft and fraud, regular consumers can fall prey to crime easily.

It may seem as though it’s the Wild West for investors, but it doesn’t have to be. While there are certainly risks in the market, the opportunities may be irresistible for some. However, being cautious is always a must, and there are clear signs of scams that investors can look for. By avoiding these traps, users can better their chances of success and protect their investments. These are some of the most common scams and how they can be avoided.

Key Takeaways

  • Bitcoin investors can increase their odds for success by identifying common scams, such as Ponzi schemes, fake ICOs, and fraudulent exchanges.
  • One common scam, exposing bitcoin users to theft, is the sale of a hardware wallet with a compromised pre-configured seed phrase, which allows hackers to steal funds.
  • Since bitcoin exchanges are unregulated, fraudulent exchanges can trap investors with the promise of unrealistic prices and heavy discounts on use.
  • Websites featuring fake ICOs instruct users to deposit funds into a compromised wallet through their site, resulting in the theft of funds.

Hardware Wallet Theft

For users who are concerned with security and privacy, a hardware wallet—a physical device that stores their private keys—is an increasingly popular option. Usually, as small as keychain USB drives, these wallets offer an offline way to help crypto investors protect their bitcoin even further. However, there have been reports that some of them have built-in vulnerabilities that open them to hackers that could easily steal all a user’s holdings. 

This is far from the only issue, however. According to Ofir Beigel, the owner of 99Bitcoins.com:

One scam entails selling hardware wallets to users with a ‘pre-configured’ seed phrase hidden under a scratch card. The new user is told that he should scratch the card . and set up the wallet with the compromised seed.

This creates a backdoor that allows hackers to drain funds once a wallet is activated. These scams are becoming more common, but they can easily be avoided by only accepting wallets from trusted sources. 

Exchange Scams

Despite their decentralized nature, most cryptocurrencies are still bought and sold at exchanges. While this makes it easier to find the coins investors desire, there is still no regulatory body overseeing these exchanges in many countries. Thus, many investors have been left penniless when the exchanges they signed up for turn out to be traps. In December of 2020, several South Korean exchanges were exposed, leading to promises of stiffer regulations by the country’s authorities. 

These scams are not hard to spot but can be costly if not avoided. One of the biggest red flags is the promise of unrealistic prices. Exchanges that promise heavy discounts on bitcoin use this strategy to lure in unsuspecting victims.

Additionally, users can check exchanges’ URLs. Web addresses should always begin with HTTPS, a sign that traffic is encrypted. Visiting unsecured websites is a bad idea, but alert investors can avoid losing thousands by looking for the right signs.

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Fake ICOs

One of the best results of the cryptocurrency boom has been the rise of the initial coin offering as a way for companies to raise capital. With thousands of new blockchain-based companies entering the market with unique ideas and exciting projects, users can now back their favorite businesses easily. However, this massive explosion of ICO opportunities has inevitably raised the specter of fraud.

There are several ways scammers can separate investors from their bitcoin. One popular method involves creating fake websites that resemble ICOs and instructing users to deposit coins into a compromised wallet. Other times, it’s the ICOs that are at fault.

Centra Tech, for example, a blockchain venture backed by several celebrities, has been sued in the US. The company stands accused of portraying fake team members, misleading investors, and lying about their products.   The best way to avoid these scams is close research that involves picking apart the white paper, reviewing the team behind the venture, key board members, and investors. Before making any investment, it’s vital to learn as much about the company as possible to avoid any unpleasant surprises.

Cloud Mining Schemes

Mining is the only way to extract new bitcoins without buying or exchanging them, but it has become an incredibly resource-intensive activity. Due to the unique way new coins are mined, it takes massive amounts of processing power and electricity, and thus money, to mine a coin. However, many companies now offer regular users the ability to rent some server space to mine coins for a set rate.

Some companies offer “lifetime contracts” that keep costs the same and supposedly offer outstanding returns. However, as the difficulty of mining increases, the same investment will return smaller amounts each time. Moreover, some companies make bold claims regarding their returns without being transparent about the true costs and diminishing returns. Others operate Ponzi schemes that can lead to massive losses. It’s vital to look into opportunities and understand the risks and costs associated with mining before investing.

Multilevel Marketing

Even in the digital spheres, many multilevel marketing schemes have emerged that offer naïve investors excellent “opportunities” for progressively larger sums of bitcoin. MLMs, as they’re known, are predicated on offering quick returns, but involve taking more money for the promise of even higher profits.

One major company that has been repeatedly outed is OneCoin, whose owners were implicated in several other shady operations. The company offered investors massive earnings, as well as luxury goods and perks for paying more. 

However, there is little information on the company outside of its site, and users have left scathing reviews online. It’s important to pay attention to a company’s fine print and ensure that their claims are feasible and real. Avoiding these scams early can protect investors’ wallets.

With the current craze, being vigilant and doing one’s due diligence are a must before investing in bitcoin. The market is also showing signs of maturity, leading to better transparency and clearer rules. Regardless, a smart investor’s first step should always be careful research to ensure their investments are winners.

Bitcoin Trader Review

Considering the volatile nature of the cryptocurrency market, it is understandable that many people are skeptical about using Bitcoin Trader. However, we might be losing out on a great opportunity to make much money by entertaining doubts.

Thankfully, my team and I had some free time, and we decided to extensively examine the Bitcoin Trader to achieve what should become the final verdict the public needs to know- if the cryptocurrency trading platform can be trusted. In this review, we have documented our findings, which I am sure will make every reader and potential investor very happy. Let’s start with an overview of the Bitcoin Trader to enlighten readers who didn’t know about it before.

Conclusion: We have tested the platform and believe it is 100% legit!

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

What is the Bitcoin Trader?

The Bitcoin Trader was designed to function as a tool that can be used by traders to buy and sell Bitcoins with minimal effort and the promise of making a significant profit. It was invented in 2020 by Gary Roberts and has been used by many traders to grow their passive income significantly.

One of our objectives during this review of the Bitcoin Trader was to test the advertised features of the Bitcoin that sound very attractive such as the fast processing for transactions that can give traders leverage in the market. The Bitcoin Trader can be used to perform trades significantly quicker than similar platforms online.

It is a great idea to develop robots that can help cryptocurrency traders cope with the ever-changing market. Think about how difficult it is to handle hundreds of transactions in a few minutes. Thanks to the trading robots such as Bitcoin Trader, it is possible to trade faster and earn more. The importance of these trading robots is one of the reasons we are interested in discovering the true nature of the Bitcoin Trader and revealing our findings publicly.

The first thing we observed about Bitcoin Trader is its automated trading features which have been tested and proven to be effective. Leveraging the automated trading features, users can earn as high as $1,300 a day with the minimum deposit of $250 required to start trading.

Sounds great right? Wait till you read more about our findings, it seems cryptocurrency traders are set for better times ahead using platforms like Bitcoin Trader.

Is Bitcoin Trader Legit? Yes

Questions about the legitimacy of Bitcoin Trader topped the list of inquiries from traders interested in maximizing their earning potentials. So it was the first aspect my team, and I sought to examine. It turns out that Bitcoin Trader is 100% legitimate and suitable for new and experienced traders.

After verifying the authenticity of the Bitcoin Trader, we checked the internet to view feedback from current and past users. My team and I felt it was best to know what the public is saying about the Bitcoin Trader so we can identify specific areas to examine during our tests. We found conflicting remarks online about the Bitcoin Trader. Some users wrote that it is the best and most trustworthy trading platform they had used, while others indicated they experienced some frustrations and had to discontinue using the platform.

This discovery was not surprising; after all, everyone cannot be pleased with a product. So we identified the areas of concern indicated by the unsatisfied users as a guide for our review of the Bitcoin Trader.

Is Bitcoin Trader Scam or Not: The Verdict!

Here’s a summary of our findings that made our team confidently vote against all indications that Bitcoin Trader is a scam;

  1. We discovered that users could potentially enjoy positive returns as high as 88% by leveraging the trading signals on the platform.
  2. The trading platform is responsive and has commendable usability. Traders who have read and understood how automated trading for cryptocurrencies work stands to be among the top gainers with Bitcoin Trader.
  3. The minimal deposit of $250 is a strong indication that the developers of Bitcoin Trader are interested in helping users make careful decisions considering the volatile nature of the cryptocurrency market.
  4. The App for Bitcoin Trader can be downloaded in seconds, and registration only takes a few minutes, check it out by clicking this link.

What is the Bitcoin Trader?

The Bitcoin Trader is best described as an automated cryptocurrency trading platform that functions with intelligent robots backed by sophisticated Artificial Intelligence. While that sounds complicated, we found out that using the Bitcoin Trader is really simple. The software can be classified in the ranks of other popular cryptocurrency trading platforms such as the Bitcoin Code and Cryptosoft.

The Bitcoin Trader offers new and experienced traders a chance to increase their passive income by investing a low as $250 to get started. The intelligent robots that work with this system are programmed to detect favorable Bitcoin prices at which users can buy or sell to make a profit.

Our extensive study of the Bitcoin Trader for this review helped us understand the automated trading system, which can lower the time needed to make the best trading decisions. Regarding cryptocurrency, time is money, and fast decisions are essential to make the most profits. This is why automated trading systems are more effective than relying on manual trading processes. No wonder the Bitcoin Trader is very popular. We are confident the effort put into doing this review will help more traders decide and start earning more with the Bitcoin Trader.

How it works

The process is quite easy to understand. We have carefully studied the Bitcoin Trader, and how it works so, you can trust this review for accurate information. First, new users will be required to register an account. After this stage, they can deposit funds and activate the auto trading feature to start working for them. Sound easy right? We were happy about the straight forward process, and sure many users won’t have problems creating an account. In our case, we set up our account and ready to start earning in a few minutes.

The information we were required to provide are as follows, full names, contact information- we entered a phone number, and an active email address which was verified. The steps for registration have been described below

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

Creating a Bitcoin Trader account

Step 1: Registration

Registration is done on the official BitcoinTrader website. There a registration form is provided which we completed before proceeding. There were no charges at any of the registration stages, unlike some other software we had tested.

After entering the required information – full name and contact information, we proceeded to the next registration stage, password creation. We entered a secure password of six characters according to the mandatory requirement. It is also stated that the password must be alphanumeric or the process cannot continue. Done with this step, we selected our country and entered a valid phone number. At this stage, the ‘Register Now’ tab was highlighted to continue the process. Averagely, this whole process should take less than two minutes.

Step 2: Making a Deposit

We chose to proceed by selecting the minimum deposit of $250. A deposit must be made before any user can activate the live trading feature. It is best if new users start with the minimum deposit of $250 and have the first experience before making higher deposits.

Making a deposit was easy because multiple payment options are available on the website. We saw that deposits could be made using MasterCard, Visa, or Maestro. To confirm the authenticity of a card, the user will be required to enter the expiry date and security code on the card. Before we entered this information, one of the experts in my team double checked the security in place for online safety. Thankfully, we found out that all transactions are protected with SSL. Satisfied with the security on the website, we proceeded to enter our payment information.

Step 3: Demo trading

Before starting the automated trading feature for live trade, we were prompted to tests the demo. The demo mode is a replica of the real trading process but without the use of real money. We tried it, and the demo mode was fantastic. We were able to view how live trades are done and how effective the system is, good enough, we made some money on the demo trade. Though earnings on the demo mode are not redeemable, we were confident in making real profits from our deposit of $250.

Step 4: Trading Process

It was interesting to find out that other cryptocurrencies were available for live trade. We were happy at this discovery because the existence of other cryptocurrency means traders can gain more from matching different currency pairs such as BTC/USD, XRP/EUR, or BTC/EUR and other combinations.

Before live trading starts, we were prompted to set trading limits for safety and select the currency pairs of our choice. This is where our knowledge of cryptocurrency trading was helpful. The initial settings will apply every day of trading, except it is changed before live trading starts.

In our case, we had some useful knowledge about cryptocurrency trading, so we were confident in deciding to activate the live trading feature. However, we advise everyone to use the demo mode first and start with little amounts to avoid loss. Trading limits can be slowly increased as the user learns more about the system.

We made impressive profits with our initial deposit and were able to withdraw our earnings without any problems. The transaction was fast and smooth, a plus for the Bitcoin Trader in our assessment.

Important Features of the Bitcoin Trader

Payout system

Let’s talk about our findings on the payout first since it is an area many people will be interested in. The platform is designed to help every trader earn as high as $1,300 every day. While this figure may only be achievable by experienced traders, from our experience, we are confident that new users with the minimum deposit can make impressive profits daily, just like we did. Over time, and with more experience, earnings will increase.

Verification Process

Verifying personal information is important. The details needed include full name, phone number, and an email address.

Withdrawal and Deposits

To make a deposit, we needed to enter the security code provided by our payment source as an authentication step before our account was debited. After earning a profit on the initial deposit we made, it was time to withdraw earnings and test the system. Thankfully, this was another smooth process. We were able to initiate a withdrawal request, and the transaction was completed in a few hours, unlike other platforms we had tested when our credit did not reflect for a few days.

Charges

We were particular about investigating the fees charged on the Bitcoin Trader platform because many of such services have different hidden charges unknown to users. It is with great pleasure that we found out there are no hidden charges on the Bitcoin Trader. Our initial deposit reflected in the account we created, and no deduction was made. So regarding hidden fees, using Bitcoin Trader is free.

Feedback system

We found some reviews posted by users on the website. They were interesting to read, some users made as much as $100,000 in profits after using the Bitcoin Trader for two months. Others have been able to make consistent profit every day, remarkably increasing their passive income.

Customer Support

We also tested the customer support system on Bitcoin Trader website, and it was a good experience. We saw options such as live chat, email, or phone numbers to contact a member of the customer support team. Using the live chat feature, we got a quick response, and the staff knew much about the system to provide the information we needed.

Brokers

The system is affiliated with online stockbrokers who support the different investments made by users. After making a deposit, our account was linked to an online stockbroker registered and vetted by the system.

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

Bitcoin Trader Versus other Robots

Bitcoin Trader Other Bitcoin trading platforms
The registration process can be completed in less than two minutes. Requirements such as Identity cards and questionnaires make the registration process long and quite frustrating.
Multiple payment options it is convenient to make deposits using any preferred option. To make deposits users need to meet a long list of requirements such as presenting bank statements, and providing proof of income sources, in some cases, the banks will need to be contacted, and this takes time.
Customisable settings for trading to reduce risks. Fully automated trading systems that place all the users’ funds at risk if one mistake is made.
Many users have posted real reviews, it is an indication a majority of the users are satisfied with the system. The common reviews for the other trading platforms depict disappointment and doubts about long-term benefits.
Fast withdrawal processing usually completed in 24-hours. Withdrawal processes can take as long as ten days to complete.

Why should you trade with Bitcoin Trader?

During our review of the Bitcoin Trader, we made it a point to identify some unique points that can be presented as reasons more people should create Bitcoin Trader accounts and start trading.

  • User-friendly features- from our experience with this platform, we can affirm that many of the active features on Bitcoin Trader are user-friendly. The quick registration process, making a deposit, activating the live trading feature and withdrawals can be done without expert knowledge of cryptocurrency trading.
  • Reliable customer support- The customer support system is accessible 24/7. This is a great feature because the traders who use Bitcoin Trader are from different parts of the world where they have varying time zones. It is essential that customer support is always available when needed. And we can state that the team has all the resources to help users, from our experience and interaction with customer support staff.
  • Demo trading feature- it is very considerate that the developers have added the demo trading feature on the Bitcoin Trader. We tried the demo trade, and it was a fantastic experience, it gives you a clear idea of how trading is done on the platform before you start using real money for trading.
  • Fast processing- Automated cryptocurrency trading requires fast processing because of the rapid changes in the market. Once an opportunity arises, the system must take advantage and help users earn more. We are satisfied with the processing time on Bitcoin Trader. From our assessment, the processing time is about 0.1 seconds faster than other trading platforms.

How much money can be made with Bitcoin Trader?

Honestly, all traders on the platform can make much money every day. It is that profitable, and we are happy the system passes our tests for reliability and integrity. However, the risks in the cryptocurrency market must be considered when making an investment. It is best to start with the minimum deposit and set proper limits as a new trader. Over time and with experience, you can deposit more funds to increase your earnings. We have compiled essential tips to help all users earn more on Bitcoin Trader;

  1. Invest wisely- We started with the minimum deposit for our assessment project. The minimum deposit on Bitcoin Trader is $250. Thankfully, we earned a profit on this deposit. We have retained our account for more trading. So it is essential that you start small and grow your investment.
  2. Withdraw earnings- It is a great idea to withdraw your earnings. The capital, initial investment, can be left in the system for more trading, as we will do, with this approach, the earnings can be saved and used for other things while the initial capital keeps making a profit.
  3. Keep learning about cryptocurrency trading- there is so much information on the internet for free. You can get the latest information and strategies to increase your earnings. For example, getting more information about matching currencies will help you make better decisions and more profit.
  4. Don’t invest all your savings at once- considering the risks in cryptocurrency trading due to the volatile nature of the market; it is best if you invest only your disposable income. This approach will help lower the risks without stopping your earning capacity.
Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

We have seen some remarks and information online claiming the Bitcoin Trader has been featured in some top TV shows. This information lacked vital details to ascertain if it is true. So we decided to investigate and publish our findings in this review.

Dragon’s Den

Dragons Den is a popular TV show about investment and aspiring entrepreneurs looking for wealthy investors. It is the type of show that can be affiliated with the Bitcoin Trader, but we did not get any confirmation that such affiliation has happened. One of the hosts on the show, Naomi Simpson has called for all reports linking the TV show with automated trading platforms to be reported as false. So disregard any claims you see online.

Shark Tank

Another TV show Shark Tank, similar to the Dragons Den, has also been linked with Bitcoin Trader. However, this is the work of lazy marketers who are trying to convince the public to buy their cryptocurrency trading software because similar systems are endorsed by popular TV shows. Our findings also revealed that Bitcoin Trader is not affiliated with the Shark Tank in any way, at least not yet.

Have any celebrities endorsed the Bitcoin Trader?

The best way to drive traffic to a website is by convincing a celebrity to endorse the brand. It works like magic, so we are not surprised many false claims are online about celebrity endorsements of the Bitcoin Trader. We checked the sources and followed up each claim in the following cases;

Peter Jones

Peter Jones is one of the sponsors of the TV show Dragons Den. His name has been linked to the Bitcoin Trader, with claims that he has 20% shares in the company. We checked this information and found out it is not true. While many investors will jump at the opportunity to own shares in the Bitcoin Trader brand, Peter Jones has not secured any of such deals.

Elon Musk

Elon Musk is known as a savvy entrepreneur with many achievements. We are not surprised that Elon Musk is one of the targets of fake news carriers claiming he has stakes in the Bitcoin Trader. However, he has dispelled all rumors affirming that he has no investment interests in Bitcoin Trader according to an official report.

Gordon Ramsay

Gordon Ramsay is rich and a celebrity chef. With all his investments and endorsements, we know Gordon has enough funds to invest in start-ups and other companies. His name has been linked to the Bitcoin Trader as one of the stakeholders. We checked this information, and again, it turned out to be false, the work of people trying to capture a part of the celebrities’ huge fan base to invest in their trading software.

Bitcoin Trader has been used for many of these fraudulent claims because it is one of the best trading platforms now and has many active users. However, these claims are being flagged as fraudulent by the company to inform its users and potential account holders to avoid any misconception about its stakeholders or investors.

After our extensive checks, tests, and personal experiences using the different features of the Bitcoin Trader, we can affirm the platform is authentic, and all users stand to gain remarkable profit by leveraging the automated trading features.

Does Bitcoin Trader have a mobile app?

Since we could not find a mobile app for Bitcoin Trader on the two most popular app stores for iOS and Android devices, we can say there is no mobile app for the Bitcoin Trader at the moment. Trading can only be done with a computer or other mobile devices, via the website. To get started, every user will need to create an account and make the deposit on the secure website.

Our Conclusion

We had a productive time learning about the Bitcoin Trader and its different features. We also enjoyed trying the features to know if they really work. The outcome of this assessment leads us to confirm that the Bitcoin Trader is 100% legit and can help new and experienced traders significantly increase their earnings from cryptocurrency trading. You can trust Bitcoin Trader. Our experience using the live trading feature indicates that users can earn between $200 and $1,000 every week. The system is designed with user-friendly features that everyone can use without having expert knowledge. We recommend all users to start with the lowest possible deposit $250, earn and reinvest the capital, in a short time, the money will add up to a significant amount as earnings.

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

FAQs

  • What is the Bitcoin Trader?

Bitcoin Trader is an automated cryptocurrency trading platform managed by robots enhanced with artificial intelligence to perform high yielding trades on behalf of the user.

  • How much can be earned by using Bitcoin Trader daily?

Averagely, traders can earn between $200 and $1,000 every day using the Bitcoin Trader. Many traders start with the minimum deposit of $250 and later increase deposits after earning more money.

  • What is the function of a crypto robot?

A crypto robot is part of the automated trading system; they function with high-level artificial intelligence to identify the best prices for Bitcoin and other top cryptocurrency. The speculations generated by crypto robots help traders buy cryptocurrencies at a low rate and sell higher to make a profit when the market price appreciates.

  • What is the highest value in earnings a trader has made using the Bitcoin Trader?

The earning potential of every user on the Bitcoin Trader platform is limitless. So far, we have recorded traders who made their first million in about sixty days.

  • Are funds deposited by traders secure?

Yes, the owners of the Bitcoin Trader have ensured that all funds deposited are secure. However, the known risks associated with the cryptocurrency market apply when live trades are done on the platform.

  • How much is required to create an account and start trading?

It is free to create an account on Bitcoin Trader. There are also no hidden fees or charges. The developers have ensured the system is transparent and all funds available in your account can be withdrawn when needed.

  • Is it necessary to have a wallet for cryptos to start trading on Bitcoin Trader?

No, a wallet is not needed to store cryptos because all Bitcoin values are converted to cash in your local currency at the time of withdrawal.

  • What other Bitcoin trading platforms exist in the market?

While we encourage everyone to leverage the fantastic features of the Bitcoin Trader, alternatives such as the Bitcoin Code exist.

Bitcoin Trader Review – Comprehensive Scam Test

Bitcoin Trader claims to have a unique trading software that wins trades with 99.4% accuracy. Is this, however, even possible? Find out in the following Bitcoin Trader Review

Bitcoin Trader is a software that focuses on Bitcoin and its trading. On their homepage, they have a short introductory video where famous people talk about Bitcoin and how innovative the currency is. It really is possible to make money by investing in Bitcoin, but I hardly think that is is possible with Bitcoin Trader. They promise unbelievable results with just a 250$ deposit. Bitcoin Trader looks just too good to be true.

Emails – who are you, Dzhordzh Barker?

The first impulse for creating this review was a short email which was sent to me by Dzhordzh Barker who is associated with BitCoin Trader. I tried to find whether he is the creator of Bitcoin Trader, but there is no information about him on google or on the Bitcoin Trader website. In the email, he claims, to have a system that can make you $100K per month.

Bitcoin Trader incredible results guaranteed!

I am always very skeptical when someone promises me something that looks too good to be true unless it’s beneficial for both parties. So when I first read the information on BitcoinTrader.com claiming I can become the next millionaire, I knew right away it’s probably just another scam. And with Bitcoin Trader, I was right. Again. Do not fall for false promises of high profitability based on someone’s unique system. It is almost always a scam. The Bitcoin Trader software claims that you will earn at least $1,300 per day. I can see that hardly possible with a minimum deposit of 250$.

Members of Bitcoin Trader Community? Fake!

The testimonials published on the Bitcoin Trader website are fake and I have a proof of that. Do you remember the displayed traders who are so damn successful? Well, they are not. Because these pictures are stock images, just have a look.

Approved by Antivirus software? Hell no!

BitCoin Trader wants to make its visitors think the software is highly trustworthy. It tries to do that using an introductory video featuring famous people like Bill Gates, Richard Branson and many others talking about how great Bitcoin is. Furthermore, there are icons of well-known antivirus programs (McAfee, Norton, BitGo) indicating that these leading security software companies support the Bitcoin Trader project. However, know that they are there just to make you believe that Bitcoin Trader is legit.

Conclusion from Bitcoin Trader Review

The information that Bitcoin Trader provide is a scam and you should most definitely not trust this software. Beware that this “unbelievable” trading system does not occur only on one domain, which means that the web address might differ. The name Bitcoin Trader and other information will be, however, always the same. If there was a system that would be ahead of the market by 0.01 second, all markets would almost instantly collapse. In the end, it’s a good thing that they promise such unbelievable results making it easier for people to recognize that Bitcoin Trader is not to be trusted.

Average rating of the Bitcoin Trader program

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43 Comments

Hi. Very interesting article. I did want to have a go and see if I could make small amounts regularly which I would pay into my bank but I’ve no idea where to start as I read the reviews and almost everything ends up being dodgy. Where do I start?

Hello Margaret,
It depends whether you would like to start trading binary options, forex, cryptos or CFDs in general.

Hi Michael, I’ve seen bitcoin trader advertising on facebook many times and have thought of opening an account with them.
Thanks to you I now know its a scam.
What’s your thoughts on a website called VIP-Crypto are they a good trading platform or is it a scam.

Hello Richard, can you please send me website’s address? So I can review it and tell you whether it is a scam or not.

Hi Micheal I’m pretty new to this I started with 250 Euro on kayafx they come across as very pushy to keep investing do you know if IQ option or 24 option are better to trade on thanks

Hello Darren,
Most scams are pushy, because they want to convince people before they change their mind. If this is the case for kayafx, I do not know. Both 24 option and IQ Option have quite a good reputation. But personally, I think that IQ Option has way better offer.

The website address for VIP-Cryto is https://vip-crypto.com
I have parted with £250 and was put onto a broker who told a few things about crypto trading.
The web site looked good and was able to trade on it and then after a week I was asked if I wanted to make some money big time by adding a further £5000 which would eventually make me £100,000. Obviously I refused and then its all gone quiet.
I have asked to cash out but still waiting for my £250 back.
I think this one is definitely a scam.

Educate yourself and start trading on your own. Other people don’t care about your money, they only care about their profits!

Can you please help me by telling if the company CryptoNash is real or a scam. My dad invested € 2500,00 in the last couple of days, through out the bitcoin trader ad.

Hello Ginny,
I do not know the company CryptoNash, so, unfortunately, I can not help you with this. But if they are connected to Bitcoin trader, please be super careful.

Just look at Bitcoin Trader landing page and you’ll see that specified user names, their photos and “I’m happy with your software bla-bla” reviews are just fakes (they use https://uinames.com/ to generate users info)

So it doesn’t seem to be a good to trust your money to a service that falsifies user’s data and reviews.

good day, I did not understand the iq option method, if you put a CALL and then a PUT this at the same time subtracts points even if the indicator is above or below your choice, if you can save me as it works since I was reviewing a bit and I did not understand, sometimes the amount went down and then went up or kept, I’m new to this and would like an orientation before making any deposit, and the price you ask for on deposit are dollars or Mexican pesos ??

Hello,
Please check out our introductory article How To Trade Binary Options to understand how binary trading works.

Hi Miachel
Do you know which crypto software for auto trading of BITCOIN/ETHEREUM, does I Q option use/operate?
I like to join I Q OPTION but only for bitcoin/ethereum auto trading and not manual trading.
I will appreciate your reply.
Thank you
Mohamed

Hello Mohamed,
IQ Option does not operate any auto trading software nor do they support any. If I were you, I would be very careful with using an auto trading software because most of them do not work.

Hello Michael,
I see Peter Jones of Dragons Den has just made a huge investment in Bitcoin Trader. Would you care to comment, and pass on your thoughts? Many thanks.

Hello,
From what I have read on the internet, that information is not true. There are even such rumors that BitcoinTrader stole their identities.

The first info I got on Bitcoin Trader was the news that in the UK it was started with two guys on the BBC show ‘Dragons Den’ showing Peter Jones and the others (very canny business people) investing and making money for one of them on 8 minutes. Peter Jones invested £2.5 million in it.

If it was a scam it wouldn’t be on the BBC and the Dragons Den team would have denounced it.

The above scam alert syas the pix are photo shopped and you can see that – no you can’t – there is no explanation of that at all! This lack of detail perhaps gives the impression that this site is a scam! I would like Bitcoin Trader to be a scam but I can find no proof of that here.

On the American site it says says there are no fees but on the UK one it says there is a 2% fee on profits. On the ‘How it works’ there is no info on how to withdraw your money/profits.

So there are indeed anomalies here.

Hello Dennis,
Please pay closer attention to photos provided in this article, there is a proof that they are stock images. So the traders are actually not real people who have experience with Bitcoin Trader. Gavin Duffy said. “It is a total scam. I contacted the BBC but trying to get these things down off websites, because it’s a paid for ad by the people behind this scam to give a sort of official veneer, then overnight people were kind enough to give me a heads up that it’s on the Guardian website as well.”. Fellow Dragon Eleanor McEvoy said: “It’s absolutely disgraceful that these things can happen… But what do you do when these things happen and god forbid anyone has invested any money in after seeing our names, god that would be terrible.” (Source). It is up to you make your mind to what to believe.

via AOL advert from trade.markets-trading.com I have just been ‘fooled into investing. Became suspicious when they phoned me and I then gave my details to take £250 and guy rang off very very quickly. Worried they will take more that £250 – is that the case of the scam?

Hello Iris,
What method did you use to charge your account?

I too read the Dragons Den story and ended up investing €250. I made the payment by debit card on their site. I received a call shortly after to set up a call for a broker to contact me tomorrow.
Having read previous messages, I now have no doubt that I have been scammed.

Hi Rob,
Can you tell us what happened in the end? Was it a scam?

Hi Tammy,
Shortly after I “invested” €250 l realised I had signed up to something completely different to the advert that had lured me in. I was really concerned I had been scammed so I requested a withdrawal of most of my deposit. They required me to fill in a form containing banking details, personal info etc which worried me even more. I received numerous calls daily from London, Zurich and other numbers which I terminated shortly after answering or ignored them totally. These calls are still ongoing and are ignored. Eventually my withdrawal request was processed and I have had most if my original deposit returned to me, thereby minimising my loss. I still get several calls a day which I ignore or terminate shortly after answering. I have received numerous emails demanding I answer the calls etc but have ignored these as well.
In short, I am convinced this is a scam. I have recovered as much of my investment as I can and have written off the balance.
My advice to you is to avoid this site and rather look into investing into a more credible and verifiable option .

This cryptonash look a scam. I see as well about dragons den invested for bitcoins and stupidly i did as well, did sign on and pay them 250 pounds, now they are asking from me 3 difference tipe of identity ( my passport details, my bank accont last bils and some another bill!).i fill only left to give them my door keys! Im a very upset. I did contact with my bank ready. They told me will try to help me. Thes cryptonash man name was daniel sanders, they were caling from Zurich .

Pity none of the Dragons have commented here – can it be they are unaware of this site?

Oh I’ve just googled ‘Peter Jones ‘ and got to his denial of his Bitcoin involvement – his legal team is on it he says.

It is vert strange that nothing of this has been on any BBC news item unless I missed it. What about ‘MoneyBox’?

I just to let people know I also saw Dragons Den advert for Bitcoin Trader sign up and invested 250 euros and got call from Daniel Sanders. He talked for a while the tried to get me to invest 1,500 euros, I informed him I didn’t have that kind of money. He tried to contact me over the next couple of weeks; I avoided his calls and emails as I was doing a bit of research on the site. He used different phone numbers eventually calling from an unknown phone number. I answered and told him what I had gathered from my searches but the strange thing was he was speaking with a completely different accent from the first time we spoke; it was obvious that he was a completely different person; I may be a pensioner but I am not senile. He had also promoted himself from an assigned advisor to being the owner of the company and became very agitated when I confronted him with what I believed concerning Cryptonash.

Does anyone have more info’s about http://www.cryptonash.com ? I have received a message on Skype with the link
swiss-methoden.com and by curiosity I clicked on and understand is a trading website so i signed up but the swiss-methoden signed me up to this http://www.cryptonash.com, after about 10 min I received a call from this women asking me to deposit a minimum of 250 then I told her I can’t risqué because for me 250 are important money then she said a minimum of 150 and she will assure me that I will see good progress in about a week time. Can I get some advice I do not know pretty much of this staff Ive only heard about bitcoin but thats all and need an insight! Thank you

Hello Cristina,
I do not know more information about cryptonash.com, but anyone who assures you that you will see good profits is lying to you, especially since you have no experience with trading. I have checked also the swiss-methoden system and it has most of the signs that scams have (on the main page there are many testimonials how wonderfully the system works, but not a single one is negative). That is really odd. You can also notice that they have in their terms and conditions “there is no guarantee that you will earn any money using the techniques and ideas in these materials. examples in these materials are not to be interpreted as a promise or guarantee of earnings.”. So they make you think by having the “honest” testimonials on the web that there are only people who profit from swiss-methoden, but as you can see, that is not true. I would be very careful with proceeding any payment, but it is your money. If you would be looking for honest and regulated companies where you can trade cryptocurrencies, let me know and I will try to point you out in the appropriate direction.

Hi I got sucked into the cryptonash scam and have made a proffit. I know they are blagging , so i pretended to be a business man and wanted to see if they could double my money as I didnt believe the software. They have deposited my original deposit and proffit. Im still 300 euros in profit. So im going to ask them to deposit that before I give them a larger deposit which im not. Play them at their own game.

Hi guys.
I got sucked into the bitcoin trader scam.
I saw the video and suddenly crptonash is ringing me.
I deposited 250 euro.
I have got that back and made some profit.
Now , I dont think there legit , they ring from different places and have english names and that does not add up.
I have spoke to the boss there as one of there workers openly said he didnt like what was going on after my pressing him about authenticity.
His picture and voice don’t add up and he was going to give me his personal phone number and email details.
Which never happened.
So they now want me to invest more money now they have proved to me they paid me back and some profit on that.
So I will now withdraw the other 300 euros profit I have to see if they will give it to me.
Im playing the role of a business man willing to put in only if they prove they can double my money and not before.
I can only win from this now.
But I will update you on the success of my last withdraw.
However Im more than aware this is a scam because of the way they jumped on the bitcointrader video scam with the dragons den rating it. They openly ommited to me they used this to get people in to trade with there money.
They must be pretty well organised working from an office bouncing numbers from around europe.
Perhaps they work in call centres?
Anyway if you’re unsure dont do it. Or dangle the carrot that you will invest more when you see you have made profit then just pullout.
They one thing they did say was that this is not going to make you a milliionaire which is about the only honest thing they have said.

Hi Cc,
I am also aware of the scam and am now testing the waters. 1st day so too early to tell.
How are you getting on? Did you withdraw your 300 Euros profit without any problems?

I first signed up with bitcoin trader and soon after I got a call from an account manager with Cryptonash, I have been working with them for 5 months now and honestly i was sceptical when i first started, but now I am sure they are a good company because of how we have been working together. I started with 350 euro and within a week i was told to put an additional 5000 euros, I never agreed to it as I am still very new to this trading thing. after two weeks i made a withdraw of 100 euro to test the system, i received it back in my account after 4 days. After several calls with the account manager I finally decide to go ahead and put my money into it (2500 euros) , you can imagine i was very nervous at that point, all I could think about was the money I had put and if I would see it back. In the past 5 months I’ve been able to withdraw 2764 euros. I will continue to work with them and see how it grows, the account manager has told me several times to put more funds into the account about opportunities in the market especially this season. I chose not to put anything because i saw these reviews and decided to get my money first and if that happens i will continue. So far I have taken 2864 euro from the account and I have requested another withdraw on thursday. I will keep you updated on what happens next, at this point i have taken all my money back and now will try to take profit. i hope they are good company because i have been scammed before and i do not want to be scammed again but so far they have been very nice to me and treated me with nothing but respect.

Hi FK,
How did you get on with withdrawing your money. Reluctantly I have started today, solely with the intention of withdrawing my original £250 as soon as I have that much profit. Once that has occurred, I will be at least satisfied that I haven’t lost any of my personal money. To date I have invested £250, with no intention to increase by way of deposit.
How are you doing? Are you earning more per day the higher the amount in balance?

I’m from the UK and found TradingBeasts after signing up with Bitcoin Trader automatic trading, but never mind, I knew the risk involved. I would like to share my experience to date and continue so that others can benefit or be wiser regarding my own involvement.
Probably against my better judgement, I charged my £250 to my Mastercard. Before I continue, this is £250 that I am prepared to lose!
Step 1: Bitcoin Trader leads me to “GCC Investing”. I filled out details but stopped before making payment. The next morning I received an phone call from Leeds. It wasn’t hard sell but the caller was definitely prepared to stay on the phone as long as it took! I asked many questions and of course the answers were positive, but like I said, I am not investing money I can’t afford to lose.
Step 2: After making payment of £250 I then received a call from a fund manager (for want of a better title), a Russian American. I became the feeling that he was hoping I would sign up for the personal management account. I repeated many times that I don’t have any more money to invest, just my £250 initial start up money. He didn’t try to hard sell me and accepted my decision. He said let’s talk in a few weeks time once I could see how the account is running. I repeated once again I will not invest any further funds, maybe only my profit funds.
He will now set my account up to run on their automatic trading system. I am now currently waiting for my account to start trading and I will keep this column informed what is happening, good or bad!
My intention is to withdraw my initial £250 investment as soon as it is realised!?
I can hear the oohs and aahs as I am writing this comment but like I said, it is £250 I am prepared to lose. If I was reading this comment from a fellow chat mate, I wouldn’t be thinking there will be a positive outcome. I might even label myself an idiot.
Let’s see, I will be totally open here good or bad.
I would also like to attempt the Free Demo Account of IQ to have a try myself at trading. We’ll see

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