Overview
Table of Contents
Report status: Unverified Risk
Risk level: High
Last reviewed: May 2023
Category: Fake trading platform
Evidence Status: Reviewed Screenshots and User Claims
- Screenshots reviewed: platform interface, website versions, and registration forms documented during original investigation
- User claims reviewed: publicly available Trustpilot reviews reviewed — issues identified, see section below
- Shared design: same layout identified on Yuan Pay and The News Spy — all reviewed by ScammerWatch
- Founder identity: “Edwin James” named as founder — no publicly verifiable person found with this name connected to this platform
- Media coverage: screenshots of apparent news coverage found on platform — coverage could not be independently verified via original news sources
- Celebrity endorsement: found on platform — could not be independently verified
- Active domains: at least 3 websites found including .vip domain
- Demo account: not found
- Operator identity: not found
- Registered legal entity: not found
- Trading license: not found
- Withdrawal process: not documented — elevated withdrawal risk
Do not deposit before completing independent verification.
Immediate Bitcoin is an automated cryptocurrency trading platform. ScammerWatch reviewed publicly available information including platform screenshots, domain structure, founder identity claims, media coverage claims, celebrity endorsements, and Trustpilot data. Screenshots and user claims were reviewed — findings documented below.
Shared Design>Shared Design — Yuan Pay and The News Spy Connection
graph -->First, we did a simple Google search and immediately we’ve discovered two Immediate Bitcoin websites. The alarm has sounded and from there, we proceeded with caution.
The second one looked oddly familiar. It’s because it is! This one is the exact replica of Yuan Pay scam.
As well as The News Spy site.
And on Trustpilot, we found yet another one. To this one, we were redirected from the one ending in “.vip”, which is the official domain suffix on Trustpilot.
At this point, we knew that Immediate Bitcoin was part of the large scamming machine. There are numerous websites with the same design trying to trick people into thinking it is a legitimate crypto trading bot.
Platform Claims — Not V>Platform Claims — Not Verified
One of the websites had nothing of substance to offer. It was all a bunch of random explanations about what Bitcoin is and how the trading works.
However, the other websites had more insights. Firstly, the scammers have gotten smarter. Instead of offering everything for free, now there are no registration and transaction fees. But there is a 2% commission on all the profitable trades.
While it is pretty common to have a percentage fee, it usually applies to all of the assets managed. This means that they charge fees even if people are not gaining more money. Charging only profitable transactions simply isn’t – well, profitable.
Media Coverage Claims — Not I>Media Coverage Claims — Not Independently Verified
6px;">Screenshots of apparent media coverage were found on the Immediate Bitcoin platform. The following documents the review of these claims against publicly available news sources.A highly lucrative trading bot is certainly big news in the crypto trading community. It is the type of algorithm that gets traction.
So, naturally, all of the major news outlets and crypto blogs would post about it. And it’s exactly what it says on the Immediate Bitcoin’s website.
While there are plenty of articles about the best crypto trading bots, there isn’t any official award. So, the words that this crypto bot is reviewed as the best in 2021 mean nothing. And if they did, the most important question would be by whom.
The same marketing methods use other scam crypto platforms, we mentioned before:
Moving onto the next passage, we have found some blogs about cryptocurrencies with positive reviews of Immediate Bitcoin. However, the heavy traffic means nothing if the reviewers are not reliable. This brings us to the next subject.
Additional Domain — Edwin James and End>Additional Domain — Edwin James and Endorsement Claims
ust when we thought we had uncovered all of the websites, we’ve found another one.And this one we were actually redirected to from a blog called IndexUniverse Crypto. This blog is highly placed in Google Search whenever you look for reviews on crypto bots. The problem is, it highly praises all the scheming ones.
If you watch the URLs change when you click on the registration button, it actually redirects through several different websites, before landing on this one:
And this one is as fake as it gets!
Who Is Edwin James?
Who Is Edwin James?>Edwin James is one of the partners in Immediate Edge, as he states in the video. But wait, isn’t this Immediate Bitcoin? Yes, and there’s the catch!
All of the scamming websites work together or it is the same group of people putting them up and praying on innocent people. But they have obviously lost the thread (or inspiration) and mistakenly put this video on the wrong website.
There is also Immediate Edge, which is supposed to be another crypto trading bot!
Celebrity Endorsement — Not Independently Verifie>Celebrity Endorsement — Not Independently Verified
es use misleading language. Some present celebrity statements about Bitcoin trade in general as an endorsement. Just look at these two made by Bill Gates and Winklevoss twins.
Furthermore, if you carefully examine the wording, it is obvious that these businessmen would never utter such a thing. Bill Gates has spent years investing in something to have it pay off decades later. “Earning instant cash” simply isn’t something he would be interested in.
Moreover, when trying to find these statements on more reliable news outlets, we have had no luck. No other blogger or website has published these comments.
User Testimonials — Not Independently Verified
For the sake of brevity, we will only show these three examples. First, let’s look at the posts on Immediate Bitcoin:
Seem like average people? The photos are a bit too nice? Indeed they are. Because they are taken from websites catering to the stock photo industry. And here are the proofs:
The same way act other scam platforms:
Trustpilot Reviews — Issues Identified
Trustpilot Reviews — Issues Identified"ez-toc-section-end">"font-size: 16px;">ScammerWatch cannot independently verify individual user reports. The following reflects publicly available Trustpilot data at the time of the original investigation.
When all else fails, go to fellow users. Trust them to tell the truth about their experience with a certain company. But is it always true?
As these Trustpilot reviews show, the scammers have gotten smarter and more efficient. They use an army of bots to leave positive reviews. In fact, there isn’t a single negative review for any of the Immediate Bitcoin websites.
But how to tell the real reviews from the fake ones? Firstly, check the number of total reviews posted.
If a person only has one review on Trustpilot in total, that is already suspicious. And if all of the reviews come from people who only posted one time or two, it is almost certainly a scam.
Another interesting feature on Trustpilot is that some comments have the label “Invited”.
This means that they were directly solicited from the company to post a review.
This serves to further prove there is something odd. Most companies want to grow their reputation organically, not chase after the clients for a review.
FAQs on Immediate Bitcoin
Immediate Bitcoin is a fake crypto trading bot. It is actually an elaborate scheme to con people out of their money.
Immediate Bitcoin is not safe to use. It will take money, but there will be no profit, no option to withdraw the initial investment, no earnings.
Immediate Bitcoin is a scam! Its websites are meant to trick innocent people into thinking that it is possible to earn money with their trading bot, but it is all a lie.
No, it will take your money away and you will not be able to profit from it. Furthermore, you will not be able to get back the initial investment. You will waste time and money with Immediate Bitcoin.
Verification Status
Risk level: High. Screenshots and user claims were re>Verification Statusas identified on Yuan Pay and The News Spy. At least 3 domains were found including a .vip domain. The founder named as “Edwin James” has no publicly verifiable identity connected to this platform. Media coverage claims could not be verified via original news sources. A celebrity endorsement found on the platform could not be independently verified. No demo account was found. Operator identity and trading license could not be found. Trustpilot data reviewed — issues identified.
This assessment is based on reviewed screenshots and publicly available information. It does not constitute a legal determination of fraud. If you have used Immediate Bitcoin and experienced 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’m a beginner in the crypto realm so was looking for a nice automated trading solution for learning purposes. I guess I only learned how dangerous this industry is. There’s no such thing as immediate profit, of course, currently doing research on whether to use Pionex or Bitsgap and slowly build up profits with a legit bot.
I used Immediate Bitcoin for a few weeks, and it was catastrophically bad. The bot never seemed to make the right trades, and cost me a lot of funds.
The customer support for Immediate Bitcoin is terrible. I had a problem with the bot, and it took over a week to get a response. By then, it was too late to salvage my trades. And the bot itself isn’t very good either. A subpar product, 2/5.
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