Highlights
Pros&Cons
Pros
- This is part of a fraudulent network, and they have no advantages
Cons
- Websites' main purpose is to collect your data and sell it to third-party partners
- Reviews of Bitcoin UP on Trustpilot are mostly negative and repeat the same story of lost money
- There is no real trading taking place
- The company is not registered under the name Bitcoin UP
Key takeways
- Using a variety of websites, logos and platforms is a way to avoid bad reviews.
- By registering, you agree to the sale or transfer of your data to third parties as indicated on the website.
- There is a registered address, but no company is registered under the name Bitcoin UP.
Overview
Table of Contents
How to use Bitcoin UP – Full Review
Crypto markets are currently in the bear phase. Funny enough, it has little to do with cryptocurrencies and blockchain development. This crypto-winter is more a result of the massive adoption of bitcoin by financial institutions and big corporations adding bitcoin and Ethereum to their balance sheets.
Bitcoin is starting to be a stock market indicator, and since the economy is going through a threat of recession, bitcoin took the plunge, taking all the other crypto down with it. Still, this is just temporary and didn’t affect the popular image of bitcoin.
And the most prominent image of bitcoin is this exciting trading and chance to win big somehow. Cryptocurrency is still largely unknown, and it’s seen as a magic bullet to reach the golden idea of passive income.
We see the first red flags with the URL. It should read BitcoinUp.app or .io or something, but instead, it’s a very cryptic amazingoffertoday.com – a well-known domain for frauds, followed by lots of code.
Slightly different URL now, bitcoin-up.io, slightly different layout, totally different logo, and the same registration form.
This one is a more recent layout obviously, but you notice the consistency of colors, layout and note the FOMO red tape just under the address, it’s typical for this kind of fraud.
Bitcoin Up is a cloned website, made by the same criminal team behind a series of scam crypto bots such as:
What’s wrong with all the different addresses and layouts? Why is that a red flag? First of all, because that’s the way to avoid bad reviews. Instead of big fat Trustpilot negative reviews, you have a diluted count of negative reviews, plus the scammers can delete and re-activate both websites and Trustpilot, giving them a clean slate of sorts.
Trustpilot has spoken about Bitcoin Up
So, there are some bad reviews. Others? Just fakes. How do we know? Because a review that speaks highly of the product is marked with average. Why would someone do this? To fabricate the number of reviews and to make the Reviews overview seem organic. Like, there aren’t only the excellent marks there….
Notice the alert. As per our earlier reviews, there is a registered company address and it’s in London, in an office building. No companies are registered under the name Bitcoin UP. Just an office rent space with some lawyers and such.
Trustpilot bad reviews repeat the story we’ve seen across all of the Bitcoin <somethign> websites. All frauds, and it goes like this.
Similar Trustpilot reviews have several scam crypto bots we have written about:
They sell your data to third-party partners. They’ve said so in the disclaimer, only you would probably never read the fine print. By registering you also allow them to sell your data, contact you, etc.
So you will be forced to go through with the registration as they are only interested in getting your phone number so that the ‘agents’ could call you and push you to make that $250 deposit.
Another red flag. Reputable crypto exchanges accept any sum of money. Even the crypto services like crypto savings accounts accept as low as $10 as starting investment.
Final verdict
This is a known scam! We also reviewed others from this rogue network:
Do not fall for it.
FAQ on Bitcoin UP
It’s a fake website. They want your data so that agents can call you and ask for a deposit of $250 promising a great return on investment. The fact is, there is no crypto trading, no money to be made, just brokers fishing for deposits.
Yes. It is part of fraudulent websites, a total scam.
Judging by reviews, you can’t profit from Bitcoin UP. You can only lose a $250 deposit.
No. This is a scam. There are legit warnings in the disclaimer, however. By registering, you agree to have your data sold or transferred to third parties. You agree to be contacted by agents (to bug you for deposit).
Reviews
I’m beyond angry at Bitcoin Up.They use manipulative tactics to lure you in, and their fake reviews make it seem like they’re a legitimate trading platform.But there’s no actual trading happening, and you’ll just end up losing your deposit.Stay far away from this scam!
I was fooled by their lies, only to find out they’re not even registered as a legitimate company! But it was too late, they already got my $250. Luckily I didn’t invest more.
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