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Pay Attention to These 7 Bitcoin Scams

Bitcoin – the possible Pandora’s Box of the currency world – has never been short of controversy. Whether it be aiding the black market or scamming users out of millions, bitcoin is no stranger to the front page.

Still, the jury is out on the legality and usefulness of bitcoin – leaving it in a proverbial grey area. Bitcoin’s price has fluctuated throughout its history, falling and rising, currently hovering near $10,000. Perhaps you’ve found bitcoin while it looks to be on the rebound and find yourself interested in it as an investment.

However, there have been several legitimate bitcoin scams that have become infamous, and you need to know about them – but, what are the top 7 bitcoin scams? And how can you avoid them?

What Is a Bitcoin Scam?

For most cases, it may be pretty obvious what a scam is – but with bitcoin, and cryptocurrency in general, things become murkier. Bitcoin itself is an unregulated form of currency that essentially is a mere number that is only given value because of an agreement. It’s basically like a moneybag with a lock on it – the code of which is given to the recipient of the bitcoin (an analogy drawn by Forbes in 2020).

Bitcoin scams have been famously criminal and public in nature. With no bank as a middleman in exchange, things become more complicated; so hackers and con men have had a heyday.

Top 7 Bitcoin Scams

There have been (and undoubtedly will be) nearly countless bitcoin scams, but these frauds make the list of the top 7 worst bitcoin scams to date. Take note.

1. Malware Scams

Malware has long been the hallmark of many online scams. But with cryptocurrency, it poses an increased threat given the nature of the currency in and of itself.

Recently, a tech support site called Bleeping Computer issued a warning about cryptocurrency-targeting malware in hopes of saving customers from sending cryptocoins via transactions, reported Yahoo Finance.

“This type of malware, called CryptoCurrency Clipboard Hijackers, works by monitoring the Windows clipboard for cryptocurrency addresses, and if one is detected, will swap it out with an address that they control,” wrote Lawrence Abrahams, computer forensics and creator of Bleeping Computer.

The malware, CryptoCurrency Clipboard Hijackers (which reportedly manages 2.3 million bitcoin addresses) switches addresses used to transfer cryptocoin with ones the malware controls – thus transferring the coins to the scammers instead. And, according to Asia Times, even MacOS malware has been connected to malware scams involving cryptocurrency investors using trusted sites like Slack and Discord chats – coined “OSX.Dummy.”

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2. Fake Bitcoin Exchanges – BitKRX

Surely one of the easiest ways to scam investors is to pose as an affiliate branch of a respectable and legitimate organization. Well, that’s exactly what scammers in the bitcoin field are doing.

South Korean scam BitKRX presented itself as a place to exchange and trade bitcoin, but was ultimately fraudulent. The fake exchange took on part of the name of the real Korean Exchange (KRX), and scammed people out of their money by posing as a respectable and legitimate cryptocurrency exchange.

BitKRX claimed to be a branch of the KRX, a creation of KOSDAQ, South Korean Futures Exchange, and South Korean Stock Exchange, according to Coin Telegraph.

BitKRX used this faux-affiliation to ensnare people to use their system. The scam was exposed in 2020.

3. Ponzi Scheme – MiningMax

“Ponzi bitcoin scam” has got to be the worst combination of words imaginable for financial gurus. And, the reality is just as bad.

Several organizations have scammed people out of millions with Ponzi schemes using bitcoins, including South Korean website MiningMax. The site, which was not registered with the U.S. Securities and Exchange Commission, promised to provide investors with daily ROI’s in exchange for an original investment and commission from getting others to invest (basically, a Ponzi scheme). Apparently, the site was asking people to invest $3,200 for daily ROI’s over two years, and a $200 referral commission for every personally recruited investor, reports claim.

MiningMax’s domain was privately registered in mid-2020, and had a binary compensation structure. The fraudulent crypto-currency scam was reported by affiliates, resulting in 14 arrests in Korea in December of 2020.

Korea has long been a leader in technological developments – bitcoin is no exception. However, after recent controversy, it seems as though this is changing.

“But a lot of governments are looking at this very carefully,” Yoo Byung-joon, business administration professor at Seoul National University and co-author of the 2020 research paper “Is Bitcoin a Viable E-Business?: Empirical Analysis of the Digital Currency’s Speculative Nature,” told South China Morning Post in January. “Some are even considering putting their currencies on the blockchain system. The biggest challenge facing bitcoin now is the potential for misuse, but that’s true of any new technology.”

4. Fake Bitcoin Scam – My Big Coin

A classic (but no less dubious) scam involving bitcoin and cryptocurrency is simply, well, fake currency. One such arbiter of this faux bitcoin was My Big Coin. Essentially, the site sold fake bitcoin. Plain and simple.

In early 2020, My Big Coin, a cryptocurrency scam that lured investors into sinking an alleged $6 million, was sued by the U.S. Commodity Futures Trading Commission, according to a CFTC case filed in late January.

The CFTC case further details that the suit was due to “commodity fraud and misappropriation related to the ongoing solicitation of customers for a virtual currency known as My Big Coin (MBC),” further charging the scam with “misappropriating over $6 million from customers by, among other things, transferring customer funds into personal bank accounts, and using those funds for personal expenses and the purchase of luxury goods.”

Among other things, the site fraudulently claimed that the coin was being actively traded on several platforms, and even mislead investors by claiming it was also partnered with MasterCard, according to the CFTC case.

Those sued included Randall Carter, Mark Gillespie and the My Big Coin Pay, Inc.

5. ICO Scam – Bitcoin Savings and Trust and Centra Tech

Still other scammers have used ICO’s – initial coin offerings – to dupe users out of their money.

Along with the rise in blockchain-backed companies, fake ICOs became popular as a way to back these new companies. However, given the unregulated nature of bitcoin itself, the door has been wide open for fraud.

Most ICO frauds have taken place through getting investors to invest in or through fake ICO websites using faulty wallets, or by posing as real cryptocurrency-based companies.

Notably, $32 million Centra Tech garnered celebrity support (most famously from DJ Khaled), but was exposed for ICO fraud back in April of 2020, according to Fortune. The company was sued for misleading investors and lying about products, among other fraudulent activities.

The famous DJ wrote his support in a caption on Instagram back in 2020.

“I just received my titanium centra debit card. The Centra Card & Centra Wallet app is the ultimate winner in Cryptocurrency debit cards powered by CTR tokens!” Khaled wrote.

The U.S. Securities and Exchange Commission even issued a warning in 2020 about ICO scams and faux investment opportunities, brought on by a slew of celebrities who promoted certain ICOs (like Paris Hilton and Floyd Mayweather Jr. to name a few).

“Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion,” the SEC wrote in an Investor Alert in 2020. “A failure to disclose this information is a violation of the anti-touting provisions of the federal securities laws.”

Another example is Bitcoin Savings and Trust, which was fined $40.7 million in 2020 by the SEC for creating fake investments and using a Ponzi scheme to scam investors. According to Coin Telegraph, Trenton Shavers, the organization’s leader, allegedly scammed investors into giving him 720,000 bitcoins promising a 7% weekly interest on investments – which he then used to pay back old investors and even fill his personal bank accounts.

6. Bitcoin Gold Scam – mybtgwallet.com

Nothing catches the eye of the naïve quite like the promise of gold – bitcoin gold, of course.

That is exactly what mybtgwallet.com did to unsuspecting bitcoin investors.

According to CNN, the bitcoin gold (BTG) wallet duped investors out of $3.2 million in 2020 by promising to allow them to claim their bitcoin gold. The website allegedly used links on a legitimate website (Bitcoin Gold) to get investors to share their private keys or seeds with the scam, as this old screenshot from the website shows.

Before the scam was done, the website managers (slash scammers) was able to get their hands on $107,000 worth of bitcoin gold, $72,000 of litecoin, $30,000 of ethereum, and $3 million of bitcoin, according to CNN.

Bitcoin Gold, the site’s wallet used in the scam, began investigating shortly after, but the site remains controversial. Still, firm released a warning to bitcoin investors.

“It’s worth reminding everyone that it will never be truly safe to enter your private key or mnemonic phrase for a pre-existing wallet into any online website,” Bitcoin Gold wrote. “When you want to sweep new coins from a pre-fork wallet address, best practice is the same as after other forks: Send your old coins to a new wallet first, before you expose the private keys of the original wallet. Following this basic rule of private key management greatly reduces your risk of theft.”

7. Pump and Dump Scam

While this type of scam is certainly not relegated to just bitcoin (thank you for the education, “The Wolf of Wall Street”), a pump-and-dump scam is especially dangerous in the internet space.

The basic idea is that investors hype up (or “pump up”) a certain bitcoin – that is usually an alternative coin that is very cheap but high risk – via investor’s websites, blogs, or even Reddit, according to The Daily Dot. Once the scammers pump up a certain bitcoin enough, skyrocketing its value, they cash out and “dump” their bitcoin onto the naïve investors who bought into the bitcoin thinking it was the next big thing.

Bittrex, a popular bitcoin exchange site, released a set of guidelines to avoid bitcoin pump-and-dump scams.

While “stackin’ penny stocks” may sound like an appealing way to earn an extra buck (thanks to its glamorization by Jordan Belfort), messing in bitcoin scams is nothing to smirk at.

How to Avoid Bitcoin Scams

With the inevitable rise of bitcoin in current and coming years, it is becoming increasingly important to understand and be on the lookout for bitcoin scams that could cost you thousands. As more people become interested in Bitcoin, more people are also likely to try and pull off a scam.

There is no one formula to avoiding being scammed, but reading up on the latest bitcoin red flags, keeping information private, and double checking sources before investing in anything are good standard procedures that may help save you from being duped. Cryptocurrency can be a confusing topic even for the experienced Bitcoin enthusiast, so the more you read up on the world of Bitcoin, the more prepared you can be. After all, knowledge is power.

Bitcoin Trader Review

Considering the volatile nature of the cryptocurrency market, it is understandable that many people are skeptical about using Bitcoin Trader. However, we might be losing out on a great opportunity to make much money by entertaining doubts.

Thankfully, my team and I had some free time, and we decided to extensively examine the Bitcoin Trader to achieve what should become the final verdict the public needs to know- if the cryptocurrency trading platform can be trusted. In this review, we have documented our findings, which I am sure will make every reader and potential investor very happy. Let’s start with an overview of the Bitcoin Trader to enlighten readers who didn’t know about it before.

Conclusion: We have tested the platform and believe it is 100% legit!

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

What is the Bitcoin Trader?

The Bitcoin Trader was designed to function as a tool that can be used by traders to buy and sell Bitcoins with minimal effort and the promise of making a significant profit. It was invented in 2020 by Gary Roberts and has been used by many traders to grow their passive income significantly.

One of our objectives during this review of the Bitcoin Trader was to test the advertised features of the Bitcoin that sound very attractive such as the fast processing for transactions that can give traders leverage in the market. The Bitcoin Trader can be used to perform trades significantly quicker than similar platforms online.

It is a great idea to develop robots that can help cryptocurrency traders cope with the ever-changing market. Think about how difficult it is to handle hundreds of transactions in a few minutes. Thanks to the trading robots such as Bitcoin Trader, it is possible to trade faster and earn more. The importance of these trading robots is one of the reasons we are interested in discovering the true nature of the Bitcoin Trader and revealing our findings publicly.

The first thing we observed about Bitcoin Trader is its automated trading features which have been tested and proven to be effective. Leveraging the automated trading features, users can earn as high as $1,300 a day with the minimum deposit of $250 required to start trading.

Sounds great right? Wait till you read more about our findings, it seems cryptocurrency traders are set for better times ahead using platforms like Bitcoin Trader.

Is Bitcoin Trader Legit? Yes

Questions about the legitimacy of Bitcoin Trader topped the list of inquiries from traders interested in maximizing their earning potentials. So it was the first aspect my team, and I sought to examine. It turns out that Bitcoin Trader is 100% legitimate and suitable for new and experienced traders.

After verifying the authenticity of the Bitcoin Trader, we checked the internet to view feedback from current and past users. My team and I felt it was best to know what the public is saying about the Bitcoin Trader so we can identify specific areas to examine during our tests. We found conflicting remarks online about the Bitcoin Trader. Some users wrote that it is the best and most trustworthy trading platform they had used, while others indicated they experienced some frustrations and had to discontinue using the platform.

This discovery was not surprising; after all, everyone cannot be pleased with a product. So we identified the areas of concern indicated by the unsatisfied users as a guide for our review of the Bitcoin Trader.

Is Bitcoin Trader Scam or Not: The Verdict!

Here’s a summary of our findings that made our team confidently vote against all indications that Bitcoin Trader is a scam;

  1. We discovered that users could potentially enjoy positive returns as high as 88% by leveraging the trading signals on the platform.
  2. The trading platform is responsive and has commendable usability. Traders who have read and understood how automated trading for cryptocurrencies work stands to be among the top gainers with Bitcoin Trader.
  3. The minimal deposit of $250 is a strong indication that the developers of Bitcoin Trader are interested in helping users make careful decisions considering the volatile nature of the cryptocurrency market.
  4. The App for Bitcoin Trader can be downloaded in seconds, and registration only takes a few minutes, check it out by clicking this link.

What is the Bitcoin Trader?

The Bitcoin Trader is best described as an automated cryptocurrency trading platform that functions with intelligent robots backed by sophisticated Artificial Intelligence. While that sounds complicated, we found out that using the Bitcoin Trader is really simple. The software can be classified in the ranks of other popular cryptocurrency trading platforms such as the Bitcoin Code and Cryptosoft.

The Bitcoin Trader offers new and experienced traders a chance to increase their passive income by investing a low as $250 to get started. The intelligent robots that work with this system are programmed to detect favorable Bitcoin prices at which users can buy or sell to make a profit.

Our extensive study of the Bitcoin Trader for this review helped us understand the automated trading system, which can lower the time needed to make the best trading decisions. Regarding cryptocurrency, time is money, and fast decisions are essential to make the most profits. This is why automated trading systems are more effective than relying on manual trading processes. No wonder the Bitcoin Trader is very popular. We are confident the effort put into doing this review will help more traders decide and start earning more with the Bitcoin Trader.

How it works

The process is quite easy to understand. We have carefully studied the Bitcoin Trader, and how it works so, you can trust this review for accurate information. First, new users will be required to register an account. After this stage, they can deposit funds and activate the auto trading feature to start working for them. Sound easy right? We were happy about the straight forward process, and sure many users won’t have problems creating an account. In our case, we set up our account and ready to start earning in a few minutes.

The information we were required to provide are as follows, full names, contact information- we entered a phone number, and an active email address which was verified. The steps for registration have been described below

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

Creating a Bitcoin Trader account

Step 1: Registration

Registration is done on the official BitcoinTrader website. There a registration form is provided which we completed before proceeding. There were no charges at any of the registration stages, unlike some other software we had tested.

After entering the required information – full name and contact information, we proceeded to the next registration stage, password creation. We entered a secure password of six characters according to the mandatory requirement. It is also stated that the password must be alphanumeric or the process cannot continue. Done with this step, we selected our country and entered a valid phone number. At this stage, the ‘Register Now’ tab was highlighted to continue the process. Averagely, this whole process should take less than two minutes.

Step 2: Making a Deposit

We chose to proceed by selecting the minimum deposit of $250. A deposit must be made before any user can activate the live trading feature. It is best if new users start with the minimum deposit of $250 and have the first experience before making higher deposits.

Making a deposit was easy because multiple payment options are available on the website. We saw that deposits could be made using MasterCard, Visa, or Maestro. To confirm the authenticity of a card, the user will be required to enter the expiry date and security code on the card. Before we entered this information, one of the experts in my team double checked the security in place for online safety. Thankfully, we found out that all transactions are protected with SSL. Satisfied with the security on the website, we proceeded to enter our payment information.

Step 3: Demo trading

Before starting the automated trading feature for live trade, we were prompted to tests the demo. The demo mode is a replica of the real trading process but without the use of real money. We tried it, and the demo mode was fantastic. We were able to view how live trades are done and how effective the system is, good enough, we made some money on the demo trade. Though earnings on the demo mode are not redeemable, we were confident in making real profits from our deposit of $250.

Step 4: Trading Process

It was interesting to find out that other cryptocurrencies were available for live trade. We were happy at this discovery because the existence of other cryptocurrency means traders can gain more from matching different currency pairs such as BTC/USD, XRP/EUR, or BTC/EUR and other combinations.

Before live trading starts, we were prompted to set trading limits for safety and select the currency pairs of our choice. This is where our knowledge of cryptocurrency trading was helpful. The initial settings will apply every day of trading, except it is changed before live trading starts.

In our case, we had some useful knowledge about cryptocurrency trading, so we were confident in deciding to activate the live trading feature. However, we advise everyone to use the demo mode first and start with little amounts to avoid loss. Trading limits can be slowly increased as the user learns more about the system.

We made impressive profits with our initial deposit and were able to withdraw our earnings without any problems. The transaction was fast and smooth, a plus for the Bitcoin Trader in our assessment.

Important Features of the Bitcoin Trader

Payout system

Let’s talk about our findings on the payout first since it is an area many people will be interested in. The platform is designed to help every trader earn as high as $1,300 every day. While this figure may only be achievable by experienced traders, from our experience, we are confident that new users with the minimum deposit can make impressive profits daily, just like we did. Over time, and with more experience, earnings will increase.

Verification Process

Verifying personal information is important. The details needed include full name, phone number, and an email address.

Withdrawal and Deposits

To make a deposit, we needed to enter the security code provided by our payment source as an authentication step before our account was debited. After earning a profit on the initial deposit we made, it was time to withdraw earnings and test the system. Thankfully, this was another smooth process. We were able to initiate a withdrawal request, and the transaction was completed in a few hours, unlike other platforms we had tested when our credit did not reflect for a few days.

Charges

We were particular about investigating the fees charged on the Bitcoin Trader platform because many of such services have different hidden charges unknown to users. It is with great pleasure that we found out there are no hidden charges on the Bitcoin Trader. Our initial deposit reflected in the account we created, and no deduction was made. So regarding hidden fees, using Bitcoin Trader is free.

Feedback system

We found some reviews posted by users on the website. They were interesting to read, some users made as much as $100,000 in profits after using the Bitcoin Trader for two months. Others have been able to make consistent profit every day, remarkably increasing their passive income.

Customer Support

We also tested the customer support system on Bitcoin Trader website, and it was a good experience. We saw options such as live chat, email, or phone numbers to contact a member of the customer support team. Using the live chat feature, we got a quick response, and the staff knew much about the system to provide the information we needed.

Brokers

The system is affiliated with online stockbrokers who support the different investments made by users. After making a deposit, our account was linked to an online stockbroker registered and vetted by the system.

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

Bitcoin Trader Versus other Robots

Bitcoin Trader Other Bitcoin trading platforms
The registration process can be completed in less than two minutes. Requirements such as Identity cards and questionnaires make the registration process long and quite frustrating.
Multiple payment options it is convenient to make deposits using any preferred option. To make deposits users need to meet a long list of requirements such as presenting bank statements, and providing proof of income sources, in some cases, the banks will need to be contacted, and this takes time.
Customisable settings for trading to reduce risks. Fully automated trading systems that place all the users’ funds at risk if one mistake is made.
Many users have posted real reviews, it is an indication a majority of the users are satisfied with the system. The common reviews for the other trading platforms depict disappointment and doubts about long-term benefits.
Fast withdrawal processing usually completed in 24-hours. Withdrawal processes can take as long as ten days to complete.

Why should you trade with Bitcoin Trader?

During our review of the Bitcoin Trader, we made it a point to identify some unique points that can be presented as reasons more people should create Bitcoin Trader accounts and start trading.

  • User-friendly features- from our experience with this platform, we can affirm that many of the active features on Bitcoin Trader are user-friendly. The quick registration process, making a deposit, activating the live trading feature and withdrawals can be done without expert knowledge of cryptocurrency trading.
  • Reliable customer support- The customer support system is accessible 24/7. This is a great feature because the traders who use Bitcoin Trader are from different parts of the world where they have varying time zones. It is essential that customer support is always available when needed. And we can state that the team has all the resources to help users, from our experience and interaction with customer support staff.
  • Demo trading feature- it is very considerate that the developers have added the demo trading feature on the Bitcoin Trader. We tried the demo trade, and it was a fantastic experience, it gives you a clear idea of how trading is done on the platform before you start using real money for trading.
  • Fast processing- Automated cryptocurrency trading requires fast processing because of the rapid changes in the market. Once an opportunity arises, the system must take advantage and help users earn more. We are satisfied with the processing time on Bitcoin Trader. From our assessment, the processing time is about 0.1 seconds faster than other trading platforms.

How much money can be made with Bitcoin Trader?

Honestly, all traders on the platform can make much money every day. It is that profitable, and we are happy the system passes our tests for reliability and integrity. However, the risks in the cryptocurrency market must be considered when making an investment. It is best to start with the minimum deposit and set proper limits as a new trader. Over time and with experience, you can deposit more funds to increase your earnings. We have compiled essential tips to help all users earn more on Bitcoin Trader;

  1. Invest wisely- We started with the minimum deposit for our assessment project. The minimum deposit on Bitcoin Trader is $250. Thankfully, we earned a profit on this deposit. We have retained our account for more trading. So it is essential that you start small and grow your investment.
  2. Withdraw earnings- It is a great idea to withdraw your earnings. The capital, initial investment, can be left in the system for more trading, as we will do, with this approach, the earnings can be saved and used for other things while the initial capital keeps making a profit.
  3. Keep learning about cryptocurrency trading- there is so much information on the internet for free. You can get the latest information and strategies to increase your earnings. For example, getting more information about matching currencies will help you make better decisions and more profit.
  4. Don’t invest all your savings at once- considering the risks in cryptocurrency trading due to the volatile nature of the market; it is best if you invest only your disposable income. This approach will help lower the risks without stopping your earning capacity.
Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

We have seen some remarks and information online claiming the Bitcoin Trader has been featured in some top TV shows. This information lacked vital details to ascertain if it is true. So we decided to investigate and publish our findings in this review.

Dragon’s Den

Dragons Den is a popular TV show about investment and aspiring entrepreneurs looking for wealthy investors. It is the type of show that can be affiliated with the Bitcoin Trader, but we did not get any confirmation that such affiliation has happened. One of the hosts on the show, Naomi Simpson has called for all reports linking the TV show with automated trading platforms to be reported as false. So disregard any claims you see online.

Shark Tank

Another TV show Shark Tank, similar to the Dragons Den, has also been linked with Bitcoin Trader. However, this is the work of lazy marketers who are trying to convince the public to buy their cryptocurrency trading software because similar systems are endorsed by popular TV shows. Our findings also revealed that Bitcoin Trader is not affiliated with the Shark Tank in any way, at least not yet.

Have any celebrities endorsed the Bitcoin Trader?

The best way to drive traffic to a website is by convincing a celebrity to endorse the brand. It works like magic, so we are not surprised many false claims are online about celebrity endorsements of the Bitcoin Trader. We checked the sources and followed up each claim in the following cases;

Peter Jones

Peter Jones is one of the sponsors of the TV show Dragons Den. His name has been linked to the Bitcoin Trader, with claims that he has 20% shares in the company. We checked this information and found out it is not true. While many investors will jump at the opportunity to own shares in the Bitcoin Trader brand, Peter Jones has not secured any of such deals.

Elon Musk

Elon Musk is known as a savvy entrepreneur with many achievements. We are not surprised that Elon Musk is one of the targets of fake news carriers claiming he has stakes in the Bitcoin Trader. However, he has dispelled all rumors affirming that he has no investment interests in Bitcoin Trader according to an official report.

Gordon Ramsay

Gordon Ramsay is rich and a celebrity chef. With all his investments and endorsements, we know Gordon has enough funds to invest in start-ups and other companies. His name has been linked to the Bitcoin Trader as one of the stakeholders. We checked this information, and again, it turned out to be false, the work of people trying to capture a part of the celebrities’ huge fan base to invest in their trading software.

Bitcoin Trader has been used for many of these fraudulent claims because it is one of the best trading platforms now and has many active users. However, these claims are being flagged as fraudulent by the company to inform its users and potential account holders to avoid any misconception about its stakeholders or investors.

After our extensive checks, tests, and personal experiences using the different features of the Bitcoin Trader, we can affirm the platform is authentic, and all users stand to gain remarkable profit by leveraging the automated trading features.

Does Bitcoin Trader have a mobile app?

Since we could not find a mobile app for Bitcoin Trader on the two most popular app stores for iOS and Android devices, we can say there is no mobile app for the Bitcoin Trader at the moment. Trading can only be done with a computer or other mobile devices, via the website. To get started, every user will need to create an account and make the deposit on the secure website.

Our Conclusion

We had a productive time learning about the Bitcoin Trader and its different features. We also enjoyed trying the features to know if they really work. The outcome of this assessment leads us to confirm that the Bitcoin Trader is 100% legit and can help new and experienced traders significantly increase their earnings from cryptocurrency trading. You can trust Bitcoin Trader. Our experience using the live trading feature indicates that users can earn between $200 and $1,000 every week. The system is designed with user-friendly features that everyone can use without having expert knowledge. We recommend all users to start with the lowest possible deposit $250, earn and reinvest the capital, in a short time, the money will add up to a significant amount as earnings.

Robot Rating Properties Trade
The best choice ☑ Bitcoin Trader is NOT a scam
☑ High Profit Ratio
☑ Easy & Fast Withdrawals
☑ Works also via App
Trade Now

FAQs

  • What is the Bitcoin Trader?

Bitcoin Trader is an automated cryptocurrency trading platform managed by robots enhanced with artificial intelligence to perform high yielding trades on behalf of the user.

  • How much can be earned by using Bitcoin Trader daily?

Averagely, traders can earn between $200 and $1,000 every day using the Bitcoin Trader. Many traders start with the minimum deposit of $250 and later increase deposits after earning more money.

  • What is the function of a crypto robot?

A crypto robot is part of the automated trading system; they function with high-level artificial intelligence to identify the best prices for Bitcoin and other top cryptocurrency. The speculations generated by crypto robots help traders buy cryptocurrencies at a low rate and sell higher to make a profit when the market price appreciates.

  • What is the highest value in earnings a trader has made using the Bitcoin Trader?

The earning potential of every user on the Bitcoin Trader platform is limitless. So far, we have recorded traders who made their first million in about sixty days.

  • Are funds deposited by traders secure?

Yes, the owners of the Bitcoin Trader have ensured that all funds deposited are secure. However, the known risks associated with the cryptocurrency market apply when live trades are done on the platform.

  • How much is required to create an account and start trading?

It is free to create an account on Bitcoin Trader. There are also no hidden fees or charges. The developers have ensured the system is transparent and all funds available in your account can be withdrawn when needed.

  • Is it necessary to have a wallet for cryptos to start trading on Bitcoin Trader?

No, a wallet is not needed to store cryptos because all Bitcoin values are converted to cash in your local currency at the time of withdrawal.

  • What other Bitcoin trading platforms exist in the market?

While we encourage everyone to leverage the fantastic features of the Bitcoin Trader, alternatives such as the Bitcoin Code exist.

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Had two calls after 10pm on Monday. One quite sinister and creepy.

Wow it was unbelievable to have got…

Wow it was unbelievable to have got back my 3.2BTC i lost to a scam broker working with Binance. I had meet a broker who told me he would double my BTC in just three days of trading. It was a nice opportunity (never knew it will be my night mare) so i decided to trade on it. After first deposit they asked for more and that was how i trade 3.2 BTC to this scam broker. Up on withdrawing i was refused and in 24 hours my account was closed. I was devastated not until i read a review about a company who has helped someone in retrieving his lost fund. I contacted andersonbright12 @ gmail . com who via his company called the International Recovery Agency (iraoffice . org) help me in investigating and all my BTC including its interest was recovered. Am so grateful to Mr Anderson i feel so lucky. If you have experience such nightmare you can be as lucky as i am. I wish you all good luck in Binary Options

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