Highlights
Pros&Cons
Pros
- None, it's a fraudulent scam bot
Cons
- Fake testimonials and vague statements
- False claims about their fees and making users rich quickly
- The company not actually located at the specified physical location
Key takeways
- Multiple websites filled with general information about bitcoin and cryptocurrency.
- Unclear information about the algorithm used by the bot.
- Fake reviews and contradictory information that fill the sites have all the signs of a fraudulent scheme.
- A complete lack of transparency resulting in no information about the "company".
Overview
Table of Contents
How to use Bitcoin Millionaire – full review
Cryptocurrencies hold the promise of independent finance, freeing it’s users from the shackles of the fiat currency. For many, trading crypto on a daily basis is just a way to get there faster.
Trading cryptocurrencies can be done with the help of a bot. A bot is an automated trading system that executes trades based on pre-set algorithms and instructions.
In principle, it’s a great tool under any trader’s belt that allows them to keep making profits passively – provided that the software is set up right.
Will Bitcoin Millionaire make you a millionaire?
The Google Search
Our journey of a thousand clues begins with a single Google search.
Because the name is a little generic, we happen to catch a lot of unwanted blog posts, news articles and unrelated reviews. These two websites can be found in the first three pages of search results. It’s a little strange to elect to use such a name that can only serve to leave your site buried below other sensational websites.
We can chalk that up to bad decision-making. Looking up some trusted and some shady websites we reach two more and, strangely enough, from one of those two the fifth and final website. More on that later.
Having multiple similar websites up can mean two things. Either the creators did it deliberately, indicating fraudulent intent, or they were very careless with their domain. That would mean they exposed their potential users to scammers posing as their legitimate business and would be an incredible mistake.
As regards the other websites, we note one interesting element immediately.
The actual main domains, what most people refer to as “the website address” is something else entirely, unrelated to “Bitcoin Millionaire”. Bitcoin Millionaire only appears in secondary elements of the domain name.
In first two addresses it’s in the subdomain section, while the third has it under the directory section. Either way, these are secondary parts usually reserved for a “store” page is the website had one, or used to present a different version of the website, tailored for mobile users.
Manually navigating to just the main domain of these websites we find this.
Empty websites with no way to go back. It’s unheard of that the whole of content of a site would go to a subdomain while the main domain was left empty. It goes counter to SEO practices and the logic of building an online business.
Of course, there is a reason for this practice and with a little help of Google’s powerful search engine we arrive at the answer for this very strange decision.
Google’s “site:” search operator shows us just how many of these subdomains there are on these websites. It’s about 2500 and looking at them it’s clear that these are all scams. Here are some of them we have been warning about:
So what do the shady creators of these websites want from us? And what are they promising us?
The Websites
As expected of scams, the websites are filled with general info about Bitcoin and crypto. They talk on length about the history while giving very little to no info about their own project. There are no images or videos of their product or its features. Only a few snippets of text.
The first thing we are asked to do is give away or information. Just how much?
A lot. They are asking for our phone number on all of these websites, with a very slight difference in the design of the signup section. The image/video material next to it is different, but always unrelated to Bitcoin Millionaire.
There’s no reason a phone number should be a mandatory field for a crypto bot and you should definitely be careful about sharing your phone number with anyone. After all, your number is tied to your other information, including your physical address.
Then, one of the websites tries to convince us with some very fake testimonials. The entire section is just ridiculous.
First of all, what are these “winning signals” that they boast about on the left? This syntagm just makes no sense in the context of crypto trading.
To the right, we see something pretending to be a live notification element. Why would the website give away information about who just joined. Also, looking back at all the signup forms, it’s not clear at what point we are supposed to provide them with a photo – nor why should we want to do that.
Finally, the main part of the section is a real gem. They title this section as if it’s testimonials, but fill it with random quotes from random people about Bitcoin or crypto. This falls squarely in the domain of misleading.
So how are these shady people getting our money?
We’re supposed to believe that an amazing technology that will make you rich in weeks comes for free? If a deal sounds too good to be true – it probably is. In this case, they are not even consistent.
Here they ask us for a fairly high 2% commission. They also don’t specify who is paying it – buyer, seller, or both. What exactly counts as profits? is it only applied if the total value of the account increases through a trade? It lacks context and is so out of touch with how things are usually done (for a good reason), that it’s meaningless.
Apart from this high fee, they want something else from us.
Just why we would be asked for $250 deposit is up to anyone’s guess. There are people out there willing to dip their toes in crypto trading with just a few dozen dollars. If a business is taking fees on each trade, excluding all these potential customers and their trades only serves to lose the company money.
And just what is this vague term “adequately regulated” mean? By what standard and which law? This is just another vague statement that falls apart under the slightest scrutiny.
Finally, in the scarce instance of talking about their supposed product, we get thus.
This is a very convoluted way to describe a predictive algorithm. What we don’t get here is which ones are they using. Why aren’t they boasting with all the finest analysis tools they incorporated into their product?
Finally, remember this “time leap” feature they boast with.
So, they exploits exactly the same fake strategy as applied by a number of other scam crypto bots we have been warning about:
Trustpilot
Trustpilot is a good review aggregate site and source for additional information. Looking for Bitcoin Millionaire on Trustpilot gives us only this.
It’s a little strange considering the use of multiple websites, but one reviewer points out the real problem with this page the best.
And that’s exactly right. Although review sites are great for enabling the regular user to hear about a product or service from a third party, they are also prone to review-packing. Beware generic reviews which praise something highly without going into any specifics – especially if they have only posted that one single review.
Similar Trustpilot reviews have several scam crypto bots we have written about:
Trustpilot also gives us an About & Contact section that the “company” filled in.
Sifting through the drivel is difficult, but note how the term for their revolutionary technology changed. It used to be “time leap”, now it’s “time jump”. Similar, but not the same. That’s not really what we expect when brands develop a game-changing tech. They usually want to brand it and raise awareness.
As regards the supposed award, suffice it to say that the Global Trading Group doesn’t exist. It’s a lie.
The address they provided is an office building where one could rent physical or even virtual offices. 1 Trafalgar Square, Northumberland Avenue London shows the following points of interested.
No word of Bitcoin Millionaire at these locations.
Domain Registry Lookup
Finally, we can take a look at ICANN Lookup to see if we can identify these scammers or pinpoint where they are operating from. For brevity’s sake we’ll only provide one example here, but it holds true for all the websites analyzed.
Because they used Cloudflare we are unable to discover their identity. Cloudflare’s rigid privacy policy makes it the perfect hiding place of scammers and fraudsters. If nothing else, this total lack of transparency it’s the final nail the in coffin for this project.
FAQ on Bitcoin Millionaire
It’s presented as a trading bot that will make you a millionaire overnight.
It is. Half of the websites are damning right at the outset, let alone when analyzed with other clues.
You cannot make money this way, only lose it.
It isn’t. It’s a scam.
Reviews
The bot promised to make me a millionaire in a short amount of time, but all it did was steal my deposit. And it’s lost for good, with there being no way to recover it now. I fell for the Bitcoin Millionaire trading bot scam and I regret it deeply.
This bot claims to use advanced algorithms to generate profitable trades, but in reality, it’s just a ploy to steal your money. After using the bot for a few weeks, I realized that the trades it recommended were often based on false information, resulting in significant losses. I would advise anyone considering using this bot to steer clear.
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