Today, we have reviewed the Bitcoin Trader for you. Very quickly we would like to state that it is a full blown scam. The scammers are trying to use the name of Bitcoin to hide their evil intentions. The Bitcoin Trader is definitely not something you would like to use. The reason being that we are sure that this is a scam and there are no doubts about it. The contents of the website and the claims make our job easy. The claims are so dumb that anyone can identify that they are false. The Bitcoin Trader is just one of those many scams which we have exposed for you. Read this Bitcoin Trader review to know why it is a scam.
Bitcoin Trader Review
Starting off the review, it seems that the scammers have decided that they would use bitcoins as their base. Recently we have observed that all scams that come up revolve around bitcoins in some way or the other. The Bitcoin Trader is no different. As you open the website, you are shown visuals of rich and famous personalities. Whats common between all of them? Well, they all seem to be impressed with Bitcoins and are seen talking about the huge potential present in bitcoin investments. Point to be noted here is that these people are talking about Bitcoins and not Bitcoin Trader. So, the point is that while Bitcoin is a real thing and there is no scam in it; the Bitcoin Trader is 100% of a scam and there is not an inch of it which is real.
What does the Bitcoin Trader Claim?
The claims present on the website of Bitcoin Trader scam are what make our task easy to call it a scam! Have you seen anyone becoming a millionaire just by trading in binary options? The answer maybe yes but it is very rare and only in extraordinary instances have people earned huge profits. Its not that binary options are not good to trade with. What we are trying to highlight here is that no matter what the people behind the scenes try to project, the real story is all the same. For instance, the website claims that anyone can earn up to $1300 daily working for just a few hours. This is false but still believable. But how does one become a millionaire in the first months of using the Bitcoin Trader system? These claims are nothing but a bunch of lies which you should be very clear with.
How Does It Work?
There is no clear information as to how the Bitcoin Trader works. Just a couple of references here and there on their website and nothing else. It is mentioned that the Bitcoin Trader software has been created with the most advanced programming the trading world has ever seen. Really? Have the scammers invented a whole new programming language or what? The false claims do not stop here. It is further mentioned that the software is able to predict the trades outcome in advance. The software is 0.01 seconds ahead of the markets. How in the world does the software achieve all of it is left for our imagination.
The scammers have broken all their previous records this time. Its not that they have really invented some software which broke all records! They have achieved such a high success rate that is unheard of in the Binary options world. Did you visit their website and notice just how much percent is the winning rate of the Bitcoin Trader? Well if not, let us mention it here. Its an insane 99.4% success rate. They say they would help you “double, triple or quadruple your hard earned money”. Not really! Your hard earned money would be simply stolen by the crooks and you would be left with nothing to spare.
In summary, the working of the software has not been explained. All scams call their software to be the most advanced and ahead of the times. All the images of young men and women seen enjoying are nothing but a cruel joke with all of those who see such websites and offers with hope.
Bitcoin Trader Cost
The website mentions that there is no cost to use the Bitcoin Trader at all. Its for free. This is false actually. The first time you open your account with the brokers, you will have to make an initial deposit of $250. There are little chances that you would be able to recover your initial investments. The only purpose the scammers are circulating such scams is to steal your money. Don’t know how many people have been tricked by the people running the show and their cunning brokers.
False Testimonials
This is something which you should be aware of. The testimonials of people who allegedly are the users of the software are all fake. They are not the real users of the software. They are not even traders. The scammers are professional thieves who steal not just your money but also shamelessly use images of people from the internet as well. This is all an old trick which is most commonly employed on fake and scam prone websites. There is no Mark K. , Jennifer A. or Ernest I. who seem to the lucky people living their dreams. Whatever comment you see below their images are nothing more than statements with which the scammers want to trick you.
Update (21/04/2018):-
This Bitcoin trader scam is getting too much viral. I recommend all of my readers to stay away from it as it’s a confirmed scam. Recently, Peter Jones also exposed this scam via Tweet. Check that discussion – https://twitter.com/dragonjones/status/980044092540358656
Update (12/02/2020):-
Recently, one of the most significant websites of crypto industry (bitcoin.com) posted a notice to avoid these three scams – Bitcoin Trader, Bitcoin Code, Bitcoin Doubler.
This scam is still active. Please don’t fall for it guys!
More Scams To Avoid – Bitcoin Revolution Scam, Bitcoin Era Scam
Verdict – Bitcoin Trader is 100% Scam! Avoid It!
Check Our Recommended Systems By Clicking On Below Banner ↓
Conclusion
There is nothing like a software which can make you filthy rich with just a few clicks in the day. The idea of earning money without doing anything much itself is flawed. You should ignore such out of the world claims whenever you come across them. The scammers run their complete business around tricking people and effecting frauds. You should stay away from the Bitcoin Trader at all costs. This software is not worth your time or money. You should take our advice seriously and even warn your family and friends if they are considering investing their moneys in it.
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Hi Sofy..I work in the Oil Industry but would like to start trading to make some extra cash..I have read your reviews and thank you
for them.. I don’t spend much time at home so I’m looking for fully automated trading platforms..If possible can you recommed any that are..
Hello Sofy,
I really do appreciate your efforts in sharing to us the results of your verifications, research and/or investigation on bogus companies riddled with scams that prey on unsuspecting people and victimizing them of their hard-earned money.
If it would not be asking too much from you, can you please make also a verfication on the following groups/companies (?):
1. Binary On Line
2. U-markets
3. Rich Janitor
4. Secret Millionaires Club
Thank you very much.
God Bless.
Hello Jose,
1. Binary On Line is an unregulated broker. Many of my clients had very bad experience with this broker. So I don’t recommend you to start trading there.
2. U-Markets – I will do research on it and will let u know very soon.
3. Rich Janitor is a scam trading robot. Avoid it.
4. This robot is no different from other cheap scam trading robots.
Let me know if you have any other query.
Hi Sofy, I will like to do binary trading on IQ Options, do you think this one is legit and good to go with.
Hello Jamesh,
IQ Options is a good broker.
Fee free to go with it.
Hi Sofy, Thank for creating a platform like this. I lost a significant amount of my investment with 72Options binary brokers. After a long battle with the brokers, I was able to recover my funds through a Charge back expert..Keep up the good work exposing scam brokers.
Hi Sofy I am from nz and find your info very informative, have been checking info / scammers of binary options as I have had a bad experience could you recommend anyone.
Hey,
Check my recommended trading robots on this page – https://binarysignalsadvise.com/recommended-signals/
Hi Sofy,
First off, I would like to share that I have no past experience for any sort of investments online at all, and for all the crooks out there, I am very vulnerable and easy to be taken advantage of, as I don’t understand how to invest, I’m not that good when it comes to all this technology, and I am a very slow, and hard learner.
About a month ago I started receiving SMS messages on my cell phone with a link that led me to bitcoin code when I clicked on it, I spend a lot of time reading on that site, and it was very tempting to try making an investment with them, especially when you are where I am financially, having hardly enough to be able to just afford to eat and pay your rent, so you pray to find a good place to plant a little of your seed in hope for some return, to be able to afford to eat and pay your rent, and hopefully enough to become a little more financially stable.
After I spend a lot of time reading on the bitcoin code site, I thought I had found something that would work for me, because of what it says about the robot doing the training for you, and a dedicated broker helping you to place your positions to ensure you make the profits they’re talking about,
And I decided to open an account with them, within minutes of doing so I received a phone call from them with a number showing it to be a Winnipeg Manitoba Canada number, which is about two hours north east from where I live, The gentleman that called me identified himself as being Manny Okiro, with starkmarkets
Sofy, is there a good robot software that would do automatic trading for me that you would recommend, and maybe a good broker that would help me make the right bitcoin investment placements?
I stumbled into your site while digging for answers
I wish to let you know that you’re doing a great job, and I pray that the Lord will bless the good work of your hands.
https://binarysignalsadvise.com/recommended-signals/
COULD YOU PLEASE TELL ME IF BITCONNECT AND BITSOLID ARE SCAMS IN YOUR OPINION? THANK YOU FOR YOUR TIME IN THIS MATTER,
Hi, I am looking at investing in bitcoin but it would appear to be a mine field of scammers. Can you suggest a genuine broker that I can look into. Thanks.
Matt
Hi Sofy,
A lot of my colleagues and friends have recently invested in a company called USI Tech which allow them to purchase BTC packages (50€ per package). All of them claim that they have been making a lot of money and those who invested over 6 months ago say they’ve even withdrawn their principal plus some profit. Yet it still sounds like a Ponzi scheme to me – plus Google searches has 9 out of 10 saying scam possibility. Can you provide your insight?
Send me more details about it at [email protected]
Thank you very very much. You have saved me from being scammed. God bless you. What about brit method please. Thank you.
Hey Wendy,
Brit Method is just another scam. Avoid it.
I agree. I almost got taken with the Brit Method. This is just a hook for a company called Prestige Options. Once you have signed up their ‘account managers’ hassle you to raise your initial investment. It is OK for them to behave irresponsibly.It is not their money.
The ‘account manager’ said he wouldhave nothing to do with me unless I gave him at least 5,000 Euros to risk on my behalf.
I’m looking for a good auto trader robot that wont scam me and good returns, Whats the best one out there?
Check my recommended signals – https://binarysignalsadvise.com/recommended-signals/
Hi Sofy
Just checking if this is a real Sofy or a robot one!
Nico
LOL. Of course I am real 🙂
So, is this legitimate info or is it a ploy to push the people away from trading in such circumstances because the banks and financial systems are panicking.
It makes me wonder if this is just propaganda to put us all off the idea and go back to leaving everything in the bankers hands.
I proven that the banks and those who own them manipulated the markets to their own gain.
I would rather I was completely anonymous with finances as my money is my own personal business and not of the governments business. Just the same as my love life has nothing to with anyone else but me and my lover.
If you have solid proof of your claims, maybe share them.
Hi Sofy just want to know if bitcion loophole legit or a scam please
Hi any good ones in Australia t use
Hi Greg,
Check my recommended signals – https://binarysignalsadvise.com/recommended-signals/
Hello Sofy, yes it makes sense it’s a scam.. if it were real surely the Developers would use it to make money themselves, rather than depend on other peoples investing. Ironically, it may come back to really bite the channel 10 Shark Tank investor on the behind..
Hi do you have any information on Luno, Good or bad?
Thank you for the excellent exposures you put out on this site.
About Bitcoin traders, how is it possible:
1) To appear on BBC2 as they have and to be believed by the Dragon Den Millionaires who are by nature more suspicious than most and ought to know better.
2) Why is the scam allowed to go on without having its members charged and arrested for what amounts to criminal activities?
Hi Everyone,
I just wanted to make you all aware that this scam is STILL being advertised by Google Ads, and I have had it pop up on several software sites. I can’t believe that Google of all companies would still be supporting and profiting from this scam!
I tried to report it but can’t, as you are required to upload screencaps and copy links direct from the Ad, which I cant do since I have already blocked the ad.
Is there any way to report Google for continuing to support this?
Hi Sofy , thanks for confirming this scam. After readig the testimonial from the Dragons den tv show where one of the dragons ivested 2 million i was ready to sign up my £250. The website sign up page was identified by firefox as being insecure and would allow me to sign up then i found your page after searching for further bitcoin trader info.
Thanks for saving me £250 and a lot of heartache…..i think i’ll be sticking to overtime at work to increase my profits safely!
Kind regards
Mick
All the best @Mick 🙂
Hi Sofy what about goldenmarkets.com? I am totally new to all this, wanted to invest and jumped in too quickly. I think I may have been scammed 🙁
Hi Karen,
Golden Markets is a scam broker.
hi just wanted to know if coins trader is genuine or just a total scam! we have just invested in our acc and as of yet we have heard nothing, no contact nothing…… getting very anxious now!
Hi,
Send me more details about it at [email protected]
hi sofy,
please check trader online please
Can you send me more details about it [email protected] @Alvin?
Hi.
I recently filled in the form to invest with Bitcoin Trader and wished now that I hadn’t, they won’t stop hounding me. Despite changing my mind and not entering any investment, from Friday evening to tea time today (Monday) I have been called more than 10 times and in the last call I was told to listen, listen, listen y the caller before I lost my temper and told him that I don’t have to listen just because he told me to. If this isn’t a scam then why such persistence? I say leave it well alone.
Hi Sofy,
Like what I have been reading from you, thank you for identifying the scammers. I’m looking to make a small investment with Bitcoin but have zero trading knowledge. In particular I want to subscribe to the same system Peter Jones of ‘The Dragen Den’ invested in. Followed a online link but at subscribe point found myself with something called ‘itrader’, no mention of Bitcoin…? These may well be legit, I don’t know – what I do know is there are many out there looking to scam your hard earned cash anyway they can. With the unexpected name change obviously I’m concerned. Can you guide me to the site or link that I’m looking for please…?
Thank you
Clive…
(close to retirement and need financially far from safe)…
Hey Clive,
You can join Option Robot for good returns.
Hi sofie is crypto genius a scam or legit
Send me more details about it via contact form.
Is Havoption.com a scam? My husband invest $300 to this guy named Alexei Abraham. He said in 7 days the profit will be 3k.
Hey Lileth,
It’s a scam for sure. No legit company will claim such high ROI.
The first thing that made me suspicious is the header on the web-site says “exclusive for UK residents”; all the testimonials are US. Next it says minimum £250 – everywhere else it’s $250! Too good to be true!
Thanks for adding value to my article Kris 🙂
Good point Kris.Im in Australia and they advertise Bitcoin Trader as a chance for Aussies to get a piece of Crypto and that it’s all Australian so how come when I go to web site it’s American (God damn) they nearly had me and some of my hard earned!!
Hi sofy
Please tell something about Q.profit is it a scan or legitimate?
Thanks and regards
QProfit System is a confirmed scam. Avoid it!
The thing I don’t understand about all these scams is, why are they permitted to advertise on legitimate crypto currency advice websites? Don’t they vete their own advertising or are they just as greedy as the scammers themselves?
Hi Sofy
Please help with clarity are Qprofit system /fintech and HBSWISS legitimate or Scams?
Thanks
Hey,
All of these systems are scam.
Check my reviews of these trading robots.
Good to know someone is unmasking these sinister people.
Hi Sofy, thanks for the info you are sharing.
Do you know anything about this company http://www.digi-c.io ?
I can’t really find reviews and as I was scammed already don’t want to make the same mistake.
Many Thanks!
Hey can you please tell me if Bitcoin code is a legitimate thing or just a scam
Hey Amy,
Bitcoin Code is a confirmed scam.
Hi Sofy.
.I spoke to an agent at Arotrade and according to him QProfit System is the app they(broker) use..Does that mean Arotrade is also a scam?I signed up but did not make the deposit yet
Are the police not looking into this?
Hi Sofy,
Is there any legitimate system out there to earn me consistent profits whilst i learn to trade in my own time? I am a complete novice to trading, but it would be nice to earn while i learn so to speak.
Also, do you have any observations as to Adam Harvey’s comments on January 3rd this year?
Regards
Stephen
Honestly, Bitcoin has become a fraud. As an expert, this is a great website to read and avoid losing more