Overview
Table of Contents
Report status: Unverified Risk
Risk level: High
Last reviewed: February 2023
Category: Fake trading platform
Evidence Status
- “£13,000 profit in 24 hours” claim: no audited proof, live trading logs, or independent benchmark found
- Logo: Amazon logo design used on platform website — no affiliation with Amazon found
- Data transfer disclaimer: footer explicitly states personal data may be transferred to third parties and non-affiliated partners for commercial purposes — documented in platform’s own legal documentation
- “Absolutely free” claim: no fees disclosed — inconsistent with standard payment processing costs
- Features: limited — live trading only, no customization found
- Broker identity: “trustworthy and regulated brokers” claimed — no broker names or licenses disclosed
- Trustpilot rating: 1.6/5 — documented external evidence
- User reports: aggressive phone calls after registration — some users reported contacting police
- Operator identity: not found — “About Us” section describes mission but not team
- Registered legal entity: not found
- Trading license: not found
- Withdrawal process: not documented — elevated withdrawal risk
Do not deposit before completing independent verification.
Bitcoin Prime Risk>Bitcoin Prime Risk Report — Overview
s="wp-block-paragraph">Bitcoin Prime is an automated cryptocurrency trading platform. ScammerWatch reviewed publicly available information including platform claims, logo use, data handling disclaimer, user feedback, and security documentation.In this article, we are digging deeper into the controversy that surrounds this platform. But, first, let’s take a look at some of the features and give an overall assessment.
Platform Claims — Not >Platform Claims — Not Verified
ock-paragraph">Bitcoin Prime is only one year old, and it still managed to cause a lot of controversies. The platform claims that its mission is to bring crypto closer to people. So, the minimum deposit is low (only $250). At the same time, they promise a £13,000 profit in only 24 hours, no audited proof found to support this claim.By the way, the following platforms reviewed by ScammerWatch share the same $250 minimum deposit requirement has the same minimum deposit requirements of $250:
Their interface is simple and easy to use. Perhaps too simple: there is only one trading option (Live Trading). There is no possibility to customize this strategy. Allegedly, the app collaborates with trustworthy and regulated brokers.
The platform has a demo version for new users to get used to the new interface.
The official Bitcoin Prime website pays a lot of attention to explaining non-relevant things. For example, on their home page, we see a lot of space is dedicated to Bitcoin: what it is, how it’s made, etc. Moreover, in the “About Us” section, we learn about the team’s mission – but nothing about the team itself.
In both cases, however, we don’t learn much about the important concerns of every user. How does the platform work, which features it offers, what are the fees? These questions remain unanswered.
Data Handling and License — Documented>Data Handling and License — Documented
itcoin Prime officially states that they care about their users’ data privacy. However, in a disclaimer at the bottom of the site, they openly state that they might “transfer” personal data to other companies, third parties, and even nonaffiliated partners, for commercial purposes.No license information was provided either.
Another suspicious thing about Bitcoin Prime is that it is absolutely free. There are no premium plans or any mention of fees. No fee structure was found publicly. Platforms that claim to be entirely free while requiring a minimum deposit present a structural inconsistency.
The same issues with safety and license have a number of other platforms:
User Feedback — Trustpilot 1.6/5 and Phone Call >User Feedback — Trustpilot 1.6/5 and Phone Call Reports
h cannot independently verify individual user reports. The following reflects publicly available Trustpilot data at the time of the original investigation.Trustpilot data reviewed at the time of the original investigation showed a rating of 1.6 out of 5. It has a very bad rating on TrustPilot (1.6 out of 5) and reviews with the following common themes. Most of them tell the same story: right after the registration, mysterious phone calls start. Even if blocked, new numbers keep calling again. Some users even had to call the police.
What to Check Before Any Deposit
What to Check Before Any Depositng on any automated trading platform, verify the operator identity and trading license independently. Check whether the platform discloses its fee structure before registration. Verify that the broker assigned after registration is licensed with an official financial regulator. Do not deposit based on daily profit claims without independently audited proof. If you have encountered Bitcoin Prime or a similar platform, submit a report at scammerwatch.com/report-a-scam.
How to Verify Any Trading Platform
How to Verify Any Trading Platformes of criteria based on which we estimate whether a bot is legit or a scam. Some of the most important ones are available features, licenses, the origins of the app, and customer feedback.
Proper crypto bots are considered to operate on the cloud and offer arbitrage opportunities.
Furthermore, additional details such as the official website, length of time a business has been in operation, and safety breaches in the past, are also taken into consideration. Since Demo versions are helpful for beginners, an app having this feature is recognized as a plus.
FAQ
ScammerWatch identified multiple high-risk signals: unverified profit claim of £13,000 in 24 hours, Amazon logo use without affiliation, data transfer disclaimer, Trustpilot rating of 1.6/5, and user reports of aggressive phone calls. This does not constitute a legal determination of fraud.
Operator identity and trading license could not be verified. The footer disclaimer explicitly states data is transferred to third parties. Do not deposit before completing independent verification.
Yes, but there is a minimum deposit and very high risks of losing both your deposit and your gains.
No. They stole Amazon’s logo, in order to cheat people into thinking that they are trustworthy.
Verification Status
Risk level: High. The “>Verification Statusrs” claim could not be independently verified. The Amazon logo design was found on the platform without any stated affiliation. The footer disclaimer explicitly states that personal data may be transferred to third parties and non-affiliated partners for commercial purposes. No fee structure was found despite a $250 minimum deposit requirement. Features are limited to live trading only with no customization. Broker identity not disclosed. Trustpilot rating of 1.6/5 documented. User reports of aggressive phone calls after registration — including reports of contacting police — found in publicly available reviews. Operator identity and trading license could not be found.
This assessment is based on documented evidence and does not constitute a legal determination of fraud. If you have used Bitcoin Prime and experienced aggressive contact after registration, withdrawal difficulties, deposit loss, or have screenshots, transaction records, or communication logs related to this platform, submit them at scammerwatch.com/report-a-scam .
Reviews
I decided to try out Bitcoin Prime after hearing about its supposed high success rates, but unfortunately, it turned out to be a complete scam. It’s clear to me that the bot’s success rates were fabricated to lure in investors. Worst of all, there’s no way to get your funds back! Highly advice against investing them in the first place.
I tried using the Bitcoin Prime trading bot. Despite promises of significant profits, I ended up losing a substantial amount of money within a week of using the bot. The trading signals generated by the bot were inaccurate and unreliable, leading to bad trades and significant losses. I strongly advise against using this trading bot.
I had high hopes for Bitcoin Prime, but my experience using it was nothing short of a disaster. Not only were the trades it recommended completely off the mark, but I also had trouble withdrawing my funds when I realized I needed to cut my losses. There’s no doubt that this bot is nothing more than a scheme to defraud individuals of their hard-earned money.
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