Report status: Unverified Risk Risk level: High Last reviewed: June 2025 Category: Fake trading platform
Risk Level and Evidence Status
Risk level: High — multiple risk signals identified, active since at least 2018
Operator identity: not found — no company, team, or responsible entity disclosed
Registered legal entity: not found
Trading license: not found
Platform history: active since at least 2018 — documented in section below
Target audience: platform marketing directed at unemployed and retired users — documented below
“0.1 second ahead of market” claim: no technical documentation or independent verification found
Security documentation: not found — no independent audit or certification
Deposit-first onboarding: deposit required before access to live trading
User loss reports: deposit loss and withdrawal difficulties reported — see User Feedback section
Withdrawal process: not documented — elevated withdrawal risk
Do not deposit before completing independent verification.
Bitcoin Formu>Bitcoin Formula Risk Report — Overview
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Bitcoin Formula is an automated cryptocurrency trading platform. ScammerWatch reviewed publicly available information including operator identity, platform history, marketing claims, security documentation, and user feedback. Multiple risk signals were identified — documented below.
In the meantime, we’ve looked into the Bitcoin Formula platform. Below, you’ll find all the relevant data that we’ve unearthed. When it comes to a fraudulent trading platform such as this one, there are usually plenty of red flags, indicating that it’s part of the scammers’ scheme to rid people of their money.
On their own, these red flags are not definitive proof, but when put together, it becomes obvious that something fishy is going on. You should definitely steer clear of the Bitcoin Formula trading system, as it certainly won’t score you any lucrative trades. Read on to learn why.
Risk Signals Identified
>Risk Signals Identifiedist">
Personal data collected at registration — sharing with third parties not documented
Wealth-promise and passive income claims used — not independently verified
Customer reviews: could not be independently verified
Trading license: not found
Security documentation: not found
Performance claims not independently verified
User reports of deposit loss and withdrawal difficulties found
Bitcoin Formula Trading Robot: Wh>Bitcoin Formula Trading Robot: What Is It?
ph">Bitcoin Formula is, allegedly, a platform that offers its users an algorithm for trading cryptocurrencies. This algorithm is AI-based, has access to the user’s deposit, and is allowed to use this deposit to buy and sell cryptocurrencies.
A cryptocurrency trading software is supposed to work by analyzing the market trends and cryptocurrency trading signals. It then makes a trading decision or provides investment advice based on the analyzed data or preset trading rules. For instance, if a trading signal is positive, the trading robot automatically reinvests the funds.
A good trading system of this kind can be rather helpful to any crypto trader. Conducting sufficient research before making any trading decisions is essential for successful trading, considering the high market volatility.
Unfortunately, there’s often just not enough time in the day for proper research on potential trades you’d like to make, regardless of previous trading experience. Moreover, even experienced traders will tell you that the trading process itself can also be rather time-consuming.
And that’s where automated trading software comes into play, as it takes over the cryptocurrency trading process and automates the process.
But, if you make a wrong decision and choose a fake crypto trading platform, you won’t be saving any time. On the contrary, you’ll end up losing time, money, and nerves. So, let’s look into what’s the problem with the Bitcoin Formula trading system exactly.
Marketing Target Audience — Documented
Marketing Target Audience — Documented “company” claims not to have a target audience, and “everyone” can join in. However, they also say that their users usually are unemployed and older, retired people.
What Bitcoin Formula fails to admit here is that they know very well who their target audience is. It is either people who are in desperate need of money or older people, who aren’t very good with computers and are especially easy to deceive with false promises.
So, as per their founders and friendly affiliates, the key advantages of this trading program are:
Speed – the “superior technology” behind Bitcoin Formula is capable of foreseeing and making deals 0.1 seconds before they change
Accuracy – the award-winning app can predict the changes with 98% of accuracy
However, anyone with at least basic knowledge in crypto technology knows that, if this speed and accuracy were true, it wouldn’t be technology, but magic. Simply, it is impossible to make profitable trades and predict development in the highly volatile cryptocurrency market with 98% of accuracy. And we are supposed to believe that Bitcoin Formula works this well? Even the best and most expensive trading robots predict with 70% accuracy. Let alone completely free platforms such as Bitcoin Formula.
The platform exploits exactly the same fake strategy as applied by a dozen of other scam crypto bots we have been warning about:
Speaking about “superior technology” everyone can get for free, we don’t know who were these generous people that developed it. Also, while affiliates are so full of praise for the technology, they don’t tell us much about the features available on the platform. Everything we know about the available options is that there is a demo mode, live trading feature, and broker’s assistance.
The one positive thing that we can say about the Bitcoin Formula trading system is that its user interface is rather well thought out. However, this only makes the scammers appear even dirtier. It seems they took great care to make this fake trading auto trading system easy to use, so that the accessible interface can enable users to leave their money to the scammers in a smooth way.
The scammers have cunningly realized that if the interface wasn’t as approachable, more of their unsuspecting victims would stop using the bot before they’ve lost their money. Again, this is rather slimy.
Red Flags and Evidence
The minimum amount of money us>Red Flags and Evidence trading on the Bitcoin Formula app is $250. Of course, there are multiple payment options, as the scammers want to make it easy for you to leave a deposit.
Once you’ve set up a new Bitcoin Formula account and started trading, the platform promises up to $5000 of profit in a single trading session, which is obviously way overestimated. The trading strategy utilized by this automated trading platform must truly be something out of this world for it to secure such a high profit. Or the scammers behind this trading platform are lying, which is far more likely.
As for the $250 deposit, this is precisely what the scammers are after. When you register a trading account and give them some of your personal information, they won’t stop calling you until you’ve placed the deposit. The scammers will claim they’re simply encouraging you to start trading in order to make a fortune quickly, but in reality, they’ll steal the $250 and disappear. After that, good luck with finding them again.
Feature Documentation — Not Found
According to the “developers’>Feature Documentation — Not Found only provides live trading and demo account options after the initial account setup process. This is strange, to say the least.
We’re used to legit automated trading systems offering various trading options, even if they’re not of the highest quality. Releasing an automated trading robot that can, supposedly, make you money only through a live trading session is, frankly, ridiculous.
Even if Bitcoin Formula was legitimate, it would be very hard to recommend it to readers due to a significant lack of trading tools. With this in mind, it’s quite ironic that the Bitcoin Formula platform is marketed as advanced crypto trading software.
As for the demo trading option, in theory, this is certainly a neat feature. It allows users to practice their trading strategies and acclimatize to the bot’s user interface in a safe, simulated environment.
In other words, you can’t actually lose any money while you practice trading with this feature. However, when we’re talking about a fake automated trading system, the demo account feature is clearly useless.
Platform History — Active Since 2018
Bitcoin Formula has been a notorious crypto tradin>Platform History — Active Since 2018 reports, Bitcoin Formula is a member of a rogue affiliate network. Along with ProfitsTrade, LucromPro, or FXCM Group, these guys make an international organized crime group.
According to some reports, since at least 2018, they have been involved in promoting fake crypto platforms on social media using fake celebrity endorsements and fake news. For those who fall for their lies, Bitcoin Formula and their mates have a lot of unpleasant surprises, such as stolen data, impossible withdrawals, unstoppable phone calls, and so on.
Security, Licenses, and Payments
And while elsewhere brokers advise users on the best possi>Security, Licenses, and PaymentsFormula “keep an eye on AI bots” and protect users from phishing and hacking. It remains unclear why these brokers, knowledgeable in both the crypto market and cybersecurity, don’t have any official licenses to work as brokers.
Speaking of licenses, which is something that a legit trading app must obtain, there is no information that Bitcoin Formula has one either.
Finally, except for meager SSL encryption, there is absolutely no protection for using Bitcoin Formula’s website. Most legit platforms have site stamps as proof that their website has been regularly audited and protected against hackers’ attacks and viruses. With Bitcoin Formula, it is not the case, so users are strongly advised to stay away from their website, let alone trade with them.
User Feedback
ScammerWatch cannot independently verify individual user reports. The following reflects publicly available reviews at t>User Feedbackinal investigation.
Bitcoin Formula must be working hard to hide the evidence of their wrongdoings. However, they can run, but they cannot hide.
On Trustpilot, they have 100% of positive reviews. Looks too good to be true, right?
Another thing that is suspicious is that, although all reviews are 5-star, the final rating is 4.0. How is this possible?
Based on this questionable rating on Trustpilot, there are two options. One, this is the perfect platform, the best app that has ever existed, and it will turn the entire humanity into millionaires. Or, two, this is a preposterous lie, and all of the reviews are fake.
And we know the positive reviews are fake because they all have the label “Invited”. This means that the platform invited users to rate them in an email. And since all these “users” have only one review, one doesn’t have to be a genius to understand that these accounts were made only for the purpose of making this review.
Moreover, even if didn’t know that, it would still be obvious that these were fake reviews due to a total lack of any nuance. According to these reviews, Bitcoin Formula is simply amazing and has no flaws whatsoever.
Similar Trustpilot reviews have several scam crypto bots we have written about:
Finally, some reviews from less popular customer rating platforms such as SiteJabber confirm our hypothesis. Despite fictively high ratings there as well, one user says that he sued Bitcoin Formula in order to get his money back.
Verification Status
Risk level: High. Operator identity and trading license could not be found. The platform has been active since at least 2018. Ma>Verification Statusemployed and retired users. Performance claims including “0.1 second ahead of market” could not be independently verified. Security documentation was not found. Deposit required before live trading access. User reports of deposit loss and withdrawal difficulties were found in publicly available reviews.
This assessment is based on documented evidence and does not constitute a legal determination of fraud. If you have used Bitcoin Formula and experienced withdrawal difficulties, deposit loss, or have screenshots, transaction records, or communication logs related to this platform, submit them at scammerwatch.com/report-a-scam .
FAQ
What is Bitcoin Formula?
Bitcoin Formula is a platform only presenting itself as a crypto trading bot. In reality, it is a criminal creation whose only purpose is extracting data and money from unsuspecting users.
Is Bitcoin Formula safe to use?
Absolutely not. This platform operates without any license and applies no online security protocols whatsoever.
How much money can I earn using Bitcoin Formula?
In reality, it is impossible to earn money using Bitcoin Formula, because it doesn’t have any operating algorithm. More likely, users will lose all the money they deposit on the platform.
Is Bitcoin Formula legit or a scam?
Bitcoin Formula is a scam, and there is countless evidence to support that claim. Unethical marketing, fake customer feedback, and the absence of licenses are only some of the reasons why traders should avoid this platform at any cost.
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I decided to give Bitcoin Formula a try, but I was extremely disappointed with the results. The system was supposed to be easy to use and profitable, but it was anything but. The trades it recommended were consistently losing money, and I ended up losing a significant amount of my investment. I would not recommend Bitcoin Formula to anyone, not with so many superior bots to choose instead.
Tyler Baker
03.05.2023
Bitcoin Formula is a nightmare. Invested my hard-earned money into it hoping to make some profits, but all I got was a big fat zero! The software claimed to use advanced algorithms to predict the market trends, but it was all a scam. I ended up losing all my money and I suspect that the people behind Bitcoin Formula are just a bunch of scammers who prey on innocent investors.
Emma Ramirez
11.05.2022
If you’re thinking about investing in Bitcoin Formula, think again. It’s a complete scam. I fell for their promises of high returns and ended up losing all my savings. The software doesn’t work as advertised and the customer support is non-existent. It’s clear to me now that Bitcoin Formula is nothing but a scheme to rob people of their money.
Hannah Lee
28.09.2022
A total scam. Wouldn’t let me withdraw the deposit, stopped answering my calls (and after them bugging me with phone calls on almost a daily basis), so the money is just gone. Hopefully these people are caught and put behind bars, though I have a feeling they’re on creating the next scam already.
Author
Michael Klias
Smart contract developer, crypto-investor, and entrepreneur with over 7 years of experience in blockchain development and ICO development from conception to execution.
