Overview
Table of Contents
Report status: Unverified Risk
Risk level: High
Last reviewed: January 2024
Category: Fake trading platform
Evidence Status
- “$800 daily from $250 deposit” claim: no audited proof, live trading logs, or independent benchmark found
- Leverage trading: available on platform — leverage and margin trading carry risk of losses exceeding the initial deposit. This risk exists regardless of the platform’s legitimacy.
- Statements Download feature: available — documents intended to help users justify earnings for tax purposes. No independent audit of the figures in these statements was found.
- News coverage and celebrity endorsements: could not be independently verified via original sources
- Affiliate review activity: documented — see section below
- User reports of personal data sharing after registration: found in publicly available reviews
- Operator identity: not found
- Registered legal entity: not found
- Trading license: not found
- Demo account: available
- Trustpilot: reviewed — issues identified, see section below
- Withdrawal process: “fast withdrawals” claimed — no documented procedure found. Elevated withdrawal risk.
Do not deposit. Leverage trading available — losses can exceed initial deposit. “$800 daily” claim has no audited supporting evidence.
Bitcoin Buyer is an automated cryptocurrency trading platform. ScammerWatch reviewed publicly available information including platform claims, leverage trading feature, news coverage, affiliate review activity, and user feedback.
Platform Cl>Platform Claims — Not Verified
eading -->Before we get to the point, let’s see what Bitcoin Buyer claims to offer.
So, Bitcoin Buyer is supposed to be a crypto trading platform, whose underlying AI-powered algorithm should help people trade cryptocurrencies more efficiently.
The crypto bot should be able to make more than $800 a day, with a minimum deposit of $250. No audited proof or independent benchmark was found to support an $800 daily return claim.
Furthermore, the platform promises fast withdrawals but doesn’t inform us about the withdrawal options available.
The signup process to Bitcoin Buyer is easy and fast. The user only needs to provide their name, phone number, and email address. Once the email address is verified, the user can start trading.
The interface of Bitcoin Buyer is easy to use, yet, it is very crude. The choice of options and available features is very limited. There are only Live trading, Stop Loss, and Broker Assistance options.
There is a demo mode, and the platform is not available for mobile phones.
Interestingly, to convince us how serious of a company they are, Bitcoin Buyer even offers a Statements Download feature. These documents should help users to justify their rich earnings and comply with the tax legislation.
Finally, all Bitcoin Buyer services are free. There aren’t any services or even withdrawal fees. The only costs users might incur are brokers’ incentives (as low as 0.01%).
Leverage Trading — Eleva>Leverage Trading — Elevated Risk
An especially suspicious feature available on Bitcoin Buyer is Leverage Trading. Usually, this is a financial term signifying a very risky form of trading with borrowed funds. Unless strict risk management strategies are employed, Leverage or Margin trading can lead to severe losses and debt.
On platforms like Bitcoin Buyer where operator identity is not publicly known, it is a perfect strategy leverage trading without proper risk management can result in losses exceeding the initial deposit — this risk applies regardless of the platform’s legitimacy and take their last penny.
Bitcoin Buyer’s Story About (Fake) Licenses and Security Protocols
It is interesting that Bitcoin Buyer creators were a bit more creative than its sister bots. For example, in order to prove that they have some safety protocols, they say that there are access codes to protect users’ accounts.
Yet, it is not entirely clear how these access codes function. The Bitcoin Buyer says that the codes are changed often to prevent hackers from accessing user accounts, but nothing more than that.
Additionally, some affiliate reviews claim that the data from the Bitcoin Buyer website is encrypted (AES 256-bit). Unfortunately, this tells us only that Bitcoin Buyer knows what we want to hear. In reality, there is no proof that this strong encryption protocol is applied.
Probably, there aren’t any security protocols at all, and it is just another case of gaslighting performed by Bitcoin Buyer.
Furthermore, we learn that the Bitcoin Buyer’s brokers are allegedly CySEC-licensed.
Needless to say, all of the licenses and “trust seals” displayed on the Bitcoin Buyer site are fake, the same as other sister bots:
- Bitcoin Champion
- Bitcoin Circuit review
- Bitcoin Prime – scam or legit?
- Bitcoin Compass crypto bot
- Bitcoin Cycle trading bot
Risk Evidence — Documented
News Coverage and Celebrity Endorsements — Not Ind>News Coverage and Celebrity Endorsements — Not Independently Verified
>Although Bitcoin Buyer recently updated the website, the old domain hides evidence that it is affiliated with a series of other scamming crypto bots. The other scamming bots that had exactly the same video of a CNN reporter are 1k Daily Profit, Bitcoin Bank, Bitcoin Evolution, and others.
Besides, a lot of these bots share the same story that they have been supported by famous businessmen, comics, actors, etc. People stumble upon them in Google ads or social media posts.
Affiliate Review Activity — Documented
However, these reviews are void of any useful information. Everything comes down to nice wishes and “believe us, it’s true” logic.
Except for persuasive language, the lame content of the reviews reveals new dimensions of the fraud. In the following image, the writer of a positive Bitcoin Buyer review shows us how ignorant they are. They don’t even know what cryptocurrencies are: the displayed trading pairs are all fiat currencies (Euro, Japanese Yen, British Pound, etc.).
Multiple Website Domains
- https://bitcoin-buyer.app/
- http://bitcoinbuyer.investerscorp.com/
- https://instant-finance-deals.com/
- https://saturn.planetz.care/
And probably, there are more.
Also, the older domains lead us to additional proves that Bitcoin Buyer is a scam. Namely, the Bitcoin Buyer, Bitcoin Billionaire, Bitcoin Bank, and 1k Daily Profit old domains all look the same. They have exactly the same page layout and background picture.
User Feedback — Personal Data Reports and Issues Identified
User Feedback — Personal Data Reports and Issues Identified. The following reflects publicly available reviews at the time of the original investigation.
Bitcoin Buyer claims to have clients from all over the world. Therefore, they say, the platform offers customer support that is available 24/7. In such a way, users in all time zones can get the necessary assistance in no time.
However, the level of Bitcoin Buyer customer satisfaction seems to be quite low in reality.
In order to learn more about it, we will examine the bot’s page on Trustpilot. We want to see what the positive and negative reviews have to say about the bot we are analyzing.
Surprisingly, Bitcoin Buyer has a very high overall rating (4.5 out of 5 stars). Upon a closer look, it is obvious that the positive testimonials are fake. And it is easy to check that. Most positive reviews come from profiles that have only one review written. Therefore, the profiles are clearly created only for the purpose of posting that review.
On the other hand, negative reviews come from profiles that regularly interact on Trustpilot. These people’s stories seem much more genuine and are closer to the truth.
Users report that soon after making an account on Bitcoin Buyer, frequent phone calls from various numbers start. Moreover, the person on the other side starts urging them to invest more money.
The testimonials of pressure selling and sensitive data abuse are very similar to testimonials about Bitcoin Buyer’s sister bots.
Unfortunately, it is possible to buy Trustpilot reviews. And this is clearly what Bitcoin Buyer does the same as its sister platforms:
- Bitcoin Era robot
- Bitcoin Evolution bot review
- Bitcoin Fast Profit scam
- Bitcoin Formula crypto trading bot
FAQ on Bitcoin Buyer Scam Bot
Bitcoin Buyer is not a crypto bot. It is a scamming platform pretending to be a crypto bot, in order to steal away people’s money and sensitive data.
Absolutely not. On the contrary, using Bitcoin Buyer is very risky and can incur significant losses.
Bitcoin Buyer doesn’t have any genuine crypto trading algorithm.
No, Bitcoin Buyer isn’t available on Android or iOS platforms.
No. Bitcoin Buyer is a fake crypto bot and should be avoided.
Verification Status
Risk level: High. The “$800 daily from $250 deposit” claim could >Verification Statusfied. Leverage trading is available — losses can exceed the initial deposit. A Statements Download feature is available but no independent audit of the figures was found. News coverage and celebrity endorsements could not be independently verified. Affiliate review activity was documented. User reports of personal data sharing after registration were found. Operator identity and trading license could not be found. Withdrawal process not documented — elevated withdrawal risk.
Do not deposit before completing independent verification. If you have used Bitcoin Buyer and experienced withdrawal difficulties, data misuse, deposit loss, or have screenshots, transaction records, or communication logs related to this platform, submit them at scammerwatch.com/report-a-scam .
Reviews
Bitcoin Buyer seemed useful, but I had a lot of trouble with getting it to trade properly, I tried contacting customer support and never got any replies. After reading this article, I’m 100% this is a scam.
Saw an ad saying Richard Branson was a user of Bitcoin Buyer so I went and tried it out. I only got as far as placing the deposit, and you can’t actually fire up the bot after that… and of course, the $250 were lost for good by then. Don’t trust these people, and don’t waste time and money trying to invest here, is my advice.
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