Highlights
Pros&Cons
Pros
- No pros, the scammers will take the $250 deposit and disappear
Cons
- Resemblance to similar crypto scams
- Unrealistic gains promises
- No genuine algorithm
- Unethical marketing
- Cheap web design
Key takeways
- Bitcoin Gemini is a scam that only pretends to be a crypto platform to extract money from consumers.
- The use is free, but scammers compensate for this by stealing your deposit of $250.
- Has no security features, protocols or licenses, it is just a website without any hint of a legitimate company.
- It is impossible to make a profit, as there are no mechanisms or algorithms.
- They hope to deceive as many people as possible by using a name similar to a well-known exchange.
Overview
Table of Contents
In this Bitcoin Gemini review, we are going to disclose another example of fraud that uses the rising popularity of cryptocurrencies to lure people and take their hard-earned money.
As cryptocurrency is becoming increasingly widespread, so is the number of people that scammers can con out of their money. And, many of those people are interested in the promise of a lucrative passive income that solid trading bots come with. Thus, it’s no surprise that one type of fraud that we often encounter in the crypto realm is the fake trading bot fraud.
Should You Use Bitcoin Gemini?
This is the type of fraud when scammers are trying to present a non-functional trading bot as a real one. What they’re really after, however, is the trading deposit you place.
And Bitcoin Gemini features all the usual signs of such a scam, that we’ve now seen many times already.
Unfortunately, nowadays, there are practically more fraudulent trading robots than real ones. With such a high number of immoral trading bot scams, it can be rather hard to choose a solid automated trading solution that will earn you a steady passive income.
Hopefully, our review will not only expose another in the long line of trading bot cons, but you’ll also be able to learn how to recognize the telltale signs betraying a fake trading robot. In that way, you will hopefully be able to stay protected from the nasty scammers.
Bitcoin Gemini Trading Bot: What Is It And Why You Should Stay Away?
To be clear from the very start: Bitcoin Gemini is not a trading bot. It has nothing to do with cryptocurrencies or any legal matter. Bitcoin Gemini is a fraud, only pretending to be a crypto platform so as to extract money from people while they think they are earning on the crypto market. This is a shameless platform that we suggest avoiding like other similar:
Most probably, the name of this crypto trading bot is created to hint at the Gemini exchange, a famous cryptocurrency exchange and wallet.
But, no, this fake trading system has nothing to do with the Gemini dollar, Gemini wallet, Gemini debit card, or even trading digital assets on a cryptocurrency exchange. The only similarity is that both Gemini and Bitcoin Gemini are part of the crypto industry.
In other words, this is just a dirty way to attract attention and increase users’ confidence, who will surely connect Bitcoin Gemini to this reputable crypto exchange. But, you won’t find Gemini’s ActiveTrader platform here, you’ll just actively get conned.
The trading robot scammers might be using many other crypto exchanges in the same way. As a rule, if it doesn’t look official, then it most likely isn’t connected to legitimate cryptocurrency exchanges.
As for the criminals who created Bitcoin Gemini, that’s the same dream team behind dozens of other similar scam crypto bots we have been warning about. It seems they’re constantly looking for new crypto investors to scam. Once their scheme is exposed, they simply change the name of the bot and begin their con anew.
According to Bitcoin Gemini’s fake reviews, this is a trading platform that relies on “superior technology” for trading on most crypto exchanges. Allegedly, this technology is an AI-powered algorithm that can make users rich in only several days, without them doing anything.
The profit prediction for Bitcoin Gemini crypto trades are astronomically high, up to 98%. There’s no way that any bot can make that kind of money, so this is obviously a blatant lie.
Users That Bitcoin Gemini is Targeting
It seems that these criminals’ main target audience are older and retired people. Many reviews mention that making an account on Bitcoin Gemini “is the best decision you can make” if you want to make good money even after retirement.
Another target is the unemployed people, with plenty of reviews also mentioning that Bitcoin Gemini can also rid you of unemployment.
Whatever their target audience is, their motivation is clear: they are aiming at people struggling with poverty, debt, or similar financial difficulties. Besides, they are targeting people who aren’t really experienced with computers and technology.
This is a quite cruel strategy because what these con artists are basically doing is taking desperate people’s last penny. And at the same time, they are presenting themselves as saviors who provide common people with superior technology that will make them rich, all free of charge.
All the Lies Told By Bitcoin Gemini: Web Platform Review
Now, before we get to the evidence to support our claims that Bitcoin Gemini is a scam, let’s first take a look at what this platform has to say.
The team behind Bitcoin Gemini claims that their main goal was to enable everyone to take advantage of the developing crypto industry. They did this by creating a trading bot, which supposedly both makes crypto purchases and will sell crypto on the user’s behalf.
Such bots are designed to be used by both inexperienced and advanced traders, as the bot’s automated nature can save plenty of time for all kinds of crypto investors.
As the crypto industry is very dynamic and volatile, it’s hard to keep track of the ever-changing market and the fluctuation in crypto prices. A good trading bot will trade crypto for you, leaving you with additional time to attend to other aspects of cryptocurrency investing.
Of course, Bitcoin Gemini compares unfavorably to any decent trading bot, as all this one will do is transfer your money to the scammers’ pockets.
The minimum deposit required to launch the app is $250 and free fiat deposits are promised. The con artists claim this is the sum the bot needs in order to begin trading. However, that’s just another of their lies, as what will really happen is that the scammers will take the $250 and take off.
After that happens, you’ll never see them again. Not under the same name, at least.
In addition, we must also warn you not to leave any personal information on one of Bitcoin Gemini’s fake websites. If you do, the scammers will begin calling you incessantly, in order to persuade you to leave the deposit. They’ll say they’re doing this only to encourage you to do business with them, but in truth, they can’t wait to get their paws on your deposit.
Another lie they’ve made is that the algorithm makes thousands of dollars of profit every day. As we said, allegedly, the Bitcoin Gemini’s algorithm predicts beneficial trades with 98% of accuracy and is much quicker than any other bot in the crypto world. But in truth, not only is it not quicker, but it doesn’t work at all. The trading bot exploits exactly the same fake strategy as applied by a dozen of other scam crypto bots we have been warning about:
Bitcoin Gemini Features
The only features that Bitcoin Gemini offers are:
- Live trading
- Demo mode
- Broker’s assistance.
Such a lack of features is rather strange and is another red flag pointing to the conclusion that we’re dealing with scam artists here.
We’re used to solid trading bots offering a variety of features, such as mirror and paper trading, and portfolio management. Well, there’s none of that here. This is as barebones as trading bots come, indicating that there was very little effort put into Bitcoin Gemini.
The demo trading feature is potentially interesting, as it’s a pretty useful option for practicing trading strategies.
This feature lets you trade in a simulated manner, and there’s no chance of losing real money. The software will calculate the gains and losses based on your trading decisions, providing you with the opportunity to learn and adapt your tactics in the future.
In theory, that sounds great, but the truth is, there’s no useful demo trading feature here. By the time you get to interact with it, your money will already be gone.
As for the brokers, there’s no mention of whether they’re licensed or not.
As a rule, trading bots that don’t work with regulated brokers are best avoided. As all the transactions that a trading bot is involved with must be made through a broker, it’s important to be able to rely on a professional broker to handle this delicate task.
Moreover, if there’s an issue with a transaction, you’ll want to be able to reach the broker quickly. And with unregulated brokers that are working practically on an amateur level, contacting them in a timely manner is often tricky.
There’s not even a working Bitcoin Gemini app. As people are frequently on the move throughout the day, mobile apps can be extremely helpful. In the year 2022, not presenting a functional mobile app for users is, frankly, ridiculous.
No Trading Fees
Allegedly, using this trading system is free. Bitcoin Gemini charges are non-existent. There are no Bitcoin Gemini fees whatsoever, including the withdrawal fees. In fact, they’re promising that withdrawing crypto with Bitcoin Gemini is quick and easy, but that’s ironic, given that there won’t be anything to withdraw, ever.
And while it’s true that transaction fees indeed do not exist, the scammers will compensate for this by stealing your $250 deposit, which you are encouraged to transfer from your digital wallet as soon as possible. Therefore, there’ll only be one “transaction fee” you’ll need to pay.
Needless to say, all of the scam crypto robots that we have reviewed say that they are the quickest and the most accurate bots on the planet. They’re always trying to convince us it’s precisely them that can trade crypto assets like no other automated trading software on the market. Sure, we believe you.
A Total Lack of Transparency of Bitcoin Gemini
What Bitcoin Gemini doesn’t tell us is who developed this wonderful algorithm, when, and do they have any sort of license for what they are doing. And there’s poor customer service support, probably the scammers themselves are replying to all queries.
Also, we don’t know the company’s country of origin, phone number, or address. Wondering why? Because there is no company.
Bitcoin Gemini is nothing but a cheap website with a few landing pages, whose sole purpose is to manipulate crypto traders into making a deposit.
Of course, if they make a Bitcoin Gemini account, users will eventually lose the deposit, as well as personal data, time, nerves, and dignity. Quite an immoral scheme they have here.
Security and Licenses of Bitcoin Gemini : Do They Really Exist?
Bitcoin Gemini couldn’t even afford a proper website. Why would they spend money on cybersecurity? Also, why bother obtaining licenses, developing algorithms, or even implementing a common two factor authentication? Who needs multi-factor authentication when you can simply rob people?
In other words, no, Bitcoin Gemini has no security features, protocols, or licenses. A security breach would be likely to happen, if only there was a legit platform to break into in the first place. Moreover, your personal data certainly won’t be safe with Bitcoin Gemini, as the scammers are most likely to sell it for additional profit.
User Feedback On Bitcoin Gemini
At the moment, there aren’t any reliable sources of user feedback on Bitcoin Gemini. While trading bots most often have fake reviews posted on Trustpilot, this platform doesn’t even have a page on there. What’s more, at the time of writing, their website wasn’t working either.
In any case, if this was such a superior solution for the world’s financial problems as Bitcoin Gemini maintains, there probably would be at least some crypto investors’ comments online.
Like this, we don’t have any other choice but to believe that Bitcoin Gemini’s platform is just another Ponzi scheme that well deserves to be forgotten. The developers boast that a large number of crypto investors are using Bitcoin Gemini, but that’s an obvious exaggeration.
Our Final Verdict: Bitcoin Gemini Is a Scam!
Our final conclusion is that Bitcoin Gemini is certainly a fake crypto trading platform. There are so many alarming signs that it’s very hard to believe that this is anything but a filthy scam. Like many others, that have been already reviewed on this site:
If you’re interested in trading crypto with an automated solution – look elsewhere.
The “company” behind Bitcoin Gemini is secretive about important information such as the headquarters address, developing team, or contact number.
At the same time, the platform offers only several features and strongly resembles other scam crypto robots in crude web design and juicy lying.
Therefore, we conclude that Bitcoin Gemini is just another creation of a criminal international network. This network steals millions of dollars every year, ruining people’s lives and the crypto industry’s reputation, and its members will hopefully soon be uncovered and put behind bars, where they belong.
FAQ on Bitcoin Gemini
Just another fake trading bot. The con artists want you to place a $250 deposit. If you give them your personal info in the process of registering on their website, they’ll bug you endlessly with phone calls. They’ll want to convince you to place a deposit, but that’s just a dirty tactic to rid you of your hard-earned money.
No, on the contrary, using Bitcoin Gemini is quite dangerous, as it’s an operation run by professional con artists.
Bitcoin Gemini’s trading fees are non-existent. However, the real cost of using this platform is putting your money and sensitive data at risk.
It is impossible to profit from Bitcoin Gemini because, in reality, it doesn’t even feature a trading algorithm for crypto investing. The entire platform was invented by criminals only to steal money and data. They’ll rob you of whatever deposit you place and then disappear.
There is no way to make a profit on Bitcoin Gemini. Regardless of your effort, this will be a failed crypto investment for all users who are unfortunate enough to get caught in the scammers’ trap. The best thing you can do for yourself is to never make an account on this platform.
There are many of them. These are the kind of telltale signs that are very suspicious, but you can’t say they’re hard evidence on their own. However, when you encounter so many of them, there’s no room for doubt. For instance, there’s no phone number or address listed, the website looks quickly put together, there are many false claims that the scammers have made, etc.
Apart from both being associated with crypto, none whatsoever. There’s no buying or selling crypto here, it’s not a crypto exchange, nor is it affiliated with any other crypto exchanges. It’s just a dirty trick made in order to attract more users.
Yes, as we’ve shown in our Bitcoin Gemini review, this is certainly a scam. Users are highly advised not to use this platform, as all you’ll do is end up losing your money.
Reviews
Tried using this “product”, time and money gone forever. They got the deposit and just disappeared. There’s all sorts of people, and these scammers are the bad ones. Wish I never crossed paths with Bitcoin Gemini.
I had a bad experience using Bitcoin Gemini. The platform was clunky and slow, making it difficult to execute trades in a timely manner. Lost interest in no time, better find a better bot.
This is a total fraud. They bugged me on the phone until I finally agreed to deposit, and then I couldn’t make a single trade! Should have known something fishy was going on, don’t use this scam or you’ll end up the same way as I did – $250 or more shorter.
Author
