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How to use Bitcoin UP – Full Review

Crypto markets are currently in the bear phase. Funny enough, it has little to do with cryptocurrencies and blockchain development. This crypto-winter is more a result of the massive adoption of bitcoin by financial institutions and big corporations adding bitcoin and Ethereum to their balance sheets.

Bitcoin is starting to be a stock market indicator, and since the economy is going through a threat of recession, bitcoin took the plunge, taking all the other crypto down with it. Still, this is just temporary and didn’t affect the popular image of bitcoin.

And the most prominent image of bitcoin is this exciting trading and chance to win big somehow. Cryptocurrency is still largely unknown, and it’s seen as a magic bullet to reach the golden idea of passive income. 

Bitcoin UP is supposed to work like a crypto exchange or some other crypto trading service, sadly it’s a fraud.

We see the first red flags with the URL. It should read BitcoinUp.app or .io or something, but instead, it’s a very cryptic amazingoffertoday.com – a well-known domain for frauds, followed by lots of code.

Notice the registration form on the right. That’s what all the bitcoin scam sites use. Just as often they have the string of meaningless logos that add weight to the website but mean nothing. You will also notice that the website layout is very similar to other fraudulent sites of this kind.

Notice the bitcoinup.io. Same logo, same registration form. 

Slightly different URL now, bitcoin-up.io, slightly different layout, totally different logo, and the same registration form.

The different website address, bitcoin-up.life gives us a totally different website with an old logo for bitcoin UP, but again you can recognize the layout, even if the colors and styles are different. Another old thing in this image is the bitcoin price, set around 8.000$ which was ages ago.

This one is a more recent layout obviously, but you notice the consistency of colors, layout and note the FOMO red tape just under the address, it’s typical for this kind of fraud.

What’s wrong with all the different addresses and layouts? Why is that a red flag? First of all, because that’s the way to avoid bad reviews. Instead of big fat Trustpilot negative reviews, you have a diluted count of negative reviews, plus the scammers can delete and re-activate both websites and Trustpilot, giving them a clean slate of sorts.

Trustpilot has spoken

Trustpilot carries reviews for three of the aforementioned websites, and it just proves that many web addresses are there for the diluted reviews. So let’s start with the red flags.

So, there are some bad reviews. Others? Just fakes. How do we know? Because a review that speaks highly of the product is marked with average. Why would someone do this? To fabricate the number of reviews and to make the Reviews overview seem organic. Like, there aren’t only the excellent marks there….

Notice the alert. As per our earlier reviews, there is a registered company address and it’s in London, in an office building. No companies are registered under the name Bitcoin UP. Just an office rent space with some lawyers and such. 

Trustpilot bad reviews repeat the story we’ve seen across all of the Bitcoin <somethign> websites. All frauds, and it goes like this.

 

They sell your data to third-party partners. They’ve said so in the disclaimer, only you would probably never read the fine print. By registering you also allow them to sell your data, contact you, etc. 

So you will be forced to go through with the registration as they are only interested in getting your phone number so that the ‘agents’ could call you and push you to make that $250 deposit. 

Another red flag. Reputable crypto exchanges accept any sum of money. Even the crypto services like crypto savings accounts accept as low as $10 as starting investment. 

Final verdict

This is a known scam! Do not fall for it.

FAQ on Bitcoin UP