Highlights
Pros&Cons
Pros
- Beginner-friendly
Cons
- Not safe
- Questionable personal data protection
- No customer support
- Poor customer feedback
- History of fraudulent activities
Key takeways
- An AI-based algorithm that takes a user's $250 deposit and automatically buys and sells on the "live" market.
- According to the app, users can trade cryptocurrencies even if they do not have a crypto wallet.
- Claimed round-the-clock support is limited to filling out a form on one of their websites.
- Behind this is a whole network of fraudsters who use such "methods" to deceive people and take their money using fake trading platforms.
Overview
Table of Contents
Is It Safe to Use Bitcoin Profit? An Honest Review
Cryptocurrencies are potentially very lucrative businesses. And while some people earn from crypto thanks to their knowledge and experience, others decide to steal.
The logic behind crypto trading bot scams is nothing new. As in the case of a well-known Nigerian scam, the perpetrator promises high gains, if the victim only pays a small fee. In the end, the victim ends up losing both the fee and the gains.
Crypto scammers think alike. They usually target a specific group of people: those who are interested in crypto, but not so tech-savvy. Scammers then create fake or rogue bots and platforms, convincing people that they collaborate with trustworthy brokers that will help them get rich. Unfortunately, the victims learn that they have been lied to, that they have been robbed of both their money and personal data.
Is Bitcoin Profit one of those apps? We are about to find out. Let’s take a look at some of the features their website offers.
Bitcoin Profit Explained: A Web Platform Analysis
The exact year of launching Bitcoin Profit is unknown. So is the team behind the project, and the specific features the platform has. In other words, the most crucial information about this trading bot is veiled in mystery.
The only thing we know about its algorithm is that it runs on AI technology. The trading bot “takes over” the user’s deposit, and automatically purchases and sells in the live market. A user has to deposit at least $250 to benefit from Bitcoin Profit. And the promised profits are big: up to $1,500 a day. Transfer fees aren’t specified either.
Bitcoin Profit bot is one of those scams that are obvious from the second you look at their website. Both of their websites, to be precise. These sites have only one or a couple of landing pages, mostly filled with irrelevant data. There are reviews of similar crypto bots:
There are customer reviews that are impossible to verify, several free stock photos of Bitcoin, and a promotional video that for some reason talks about Uber.
There aren’t any tutorials, no blog or resources where users could learn about the app and see how it works.
According to the app, users can trade with crypto even if they don’t have a crypto wallet. It is the same as saying that you don’t need a car to drive on a highway. A major red flag.
The Bitcoin Profit app can work on a desktop PC and Android phones. Apple devices are spared from this app, luckily. The developers claim to have tested the app before launching it and received a lot of positive feedback from the users. And not only that, they claim that their app has more than 99% accurate predictions.
Bitcoin Profit App comes with a 30-day free trial and a demo version.
Alarming User Feedback
Although Bitcoin Profit’s affiliates speak about 24/7 customer support, the only trace of customer support is a fill-out form on one of their websites.
The reviews people wrote on Google Play and TrustPilot helped us get a better picture of what Bitcoin Profit truly is.
On Google Play, the app has a very low 2.6 (out of 5) rating.
The situation on TrustPilot is particularly interesting. This bot, clearly a scam, manages to have 3.9 (out of 5) stars. However, if one pays closer attention, it is easy to understand why. There is a series of fake positive reviews, exactly like these scam bots have:
These counteract honest reviews of people complaining about being called dozens of times upon registration. One user even managed to contact Bitcoin Profit through a phone. He says the person who answered didn’t know to resolve the issue, and there was noise and music in the background. Perhaps he was lucky since other users complain of very pushy and impolite treatment over the phone.
Bitcoin Profit: Safety, Licenses, and Payments
One of the websites claims to have an SSL certificate, although, ironically, the one that doesn’t claim to have it. Having an SSL certificate is important because it guarantees that a website is protecting user data.
It remains unclear, then, how so many people receive dozens of obnoxious calls a day after registering if their data is safe.
Other than that, Bitcoin Profit is famous for the series of frauds it committed, and it has become some kind of a rogue tradition. For example, the list of all the sneaky strategies Bitcoin Profit used to reach unfortunate people is particularly long. It goes from fake news, click baits, fake affiliate reviews, etc. The strategy is quite the same as applied by a number of other scam crypto bots we have been warning about:
Final Verdict: Is Bitcoin Profit legit?
Absolutely not. Bitcoin Profit has a series of major red flags, and users should avoid it at all costs. Although they claim that Bill Gates is their happy customer, this kind of appalling lie is worthy of a bot as rogue as this one.
Behind Bitcoin Profit, there is an entire network of scammers. They use similar techniques to scam people and take their money. These networks consist of web developers, who create fake Forex and CFD trading platforms. They receive help from professional marketers, who create corrupt content to drive traffic to these sites and convince people that they are working with proper bots.
FAQ on Checking If Trading Bot Is a Scam
There is a series 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.
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.
FAQs on Bitcoin Profit Crypto Bot
Bitcoin Profit is an elaborate scheme to make people think they are a crypto trading bot. To an unsuspecting eye, it may seem so, but a further investigation proves they are a scam.
No, Bitcoin Profit is not a legit trading bot. It is a platform designed to trick people into giving them money, only to lose the investment quickly.
It is very risky to place money into this alleged crypto bot, as it is highly likely a person will lose both time and money.
Absolutely not. There are no assurances they are a legit and safe crypto trading bot. Bitcoin Profit does not possess any licenses and has been mixed up in fraudulent activities. The consumer feedback is also largely negative.
Reviews
I wish I had never heard of Bitcoin Profit Bot. I was promised easy money and passive income, but instead, I got nothing but frustration and disappointment. The bot simply doesn’t work. And the people behind it seem to be more interested in taking my money than helping make any.
I don’t understand how anyone could still believe that Bitcoin Profit is a legitimate investment opportunity. After using it myself, I can say with confidence that it’s a complete scam, as explained in the review. After reading, I have no doubts about it and hope no one else falls into the same trap!
Admittedly, was hopeful when I first heard about this product, but after trying it out, I can say it’s no good. The returns it promises are completely unrealistic, and the bot itself is poorly designed and unreliable.
What a load of boloney. This is not a trading bot, it’s indeed a fraudulent operation. Avoid it, like I should have done, you won’t be able to withdraw the money after depositing it.
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