Our review proves that Bitcoin Trader is a scam that never featured in the Dragons’ Den or any other TV show or media.
We tested the Bitcoin Trader app and our review brings you all the important information and it reveals our findings: what Bitcoin Trader really is, why it is a scam that you have to avoid and what you can do if you already got scammed.
What is Bitcoin Trader
Bitcoin Trader is a group reserved for people who want to make money in trading cryptocurrencies such as bitcoin. This group provides its members with the Bitcoin Trader software that will do all the trading for them on autopilot, while allegedly earning them at least 1.300 USD daily.
According to its official website on the .biz domain, the key features of Bitcoin Trader are:
- Fully automated software
- Trades various cryptocurrencies (bitcoin, ether, litecoin..)
- The system wins 99.4% of all trades
- Extremely quick, has a 0.01 seconds advantage over similar apps
- Earns tens of thousands of dollars per month
- Ranked no. 1 by the US Trading Association
- You can get access to it for free, the price is $0
While doing our analysis, we found out that Bitcoin Trader is mainly offered in the UK, United States, Australia, Mexico, Hong Kong, and Thailand. But it really targets everybody in the world who understands English. And we also noted translations in other languages, like German and French for example.
Is Bitcoin Trader legit?
No, Bitcoin Trader is not legit. Unfortunately, it is a hoax. It means that nothing that is said on its official website is true. In fact, pretty much every statement about the pros of this system are lies.
Bitcoin Trader will not and cannot earn you any money. It was made to make money to fraudsters who run it. It is its only real purpose.
The Bitcoin Trader scam
Is Bitcoin Trader a scam? Unfortunately, yes, it is a scam. It means that not only it won’t earn you anything, but it will also take your money and lose it.
Therefore, there is a great risk involved in just registering for Bitcoin Trader. In our review of this system, we provide indisputable proofs to back up our verdict. Here they are.
1. It’s a recycled scam
Already the first look at Bitcoin Trader revealed that it is a scam. It’s because we have tested many systems of this kind and we immediately recognized a copied scam.
This scam has been around for several years, so we have got a lot of feedback about it from real users. These real users say that all these programs are losing money in real trading.
2. Fake Bitcoin Trader testimonials
Real users are saying that Bitcoin Trader is losing money. So, what about the positive testimonials you can find on the official website? They are fake!
It is easy to prove. Just look at our picture below and you will see that photos of the alleged real users are in fact stock photos that anybody can download and use.
It goes without saying that the names and stories associated with these photos are fake too.
3. Scam software with a fake demo
Perhaps the worst thing about the Bitcoin Trader scam is its software. First, it is another proof for what we are saying about this program because many other fraudulent systems use the exact same software. Check our picture.
Second, this Bitcoin Trader software has a very dirty feature, it uses a very clever trick. When you sing up for the program, you will get access to the software and they will allow you to try it in a demo mode.
But be very careful, because this demo mode is faking trading results. It creates fictional trades with profits that would not be possible in real trading. This is very dangerous because it might make you think that the system is profitable. But in reality, it is not! Which can have fatal consequences for your money, as we will explain later in this review.
4. Fake endorsements
Last but not least, you will find a lot of articles claiming that Bitcoin Trader featured on BBC, Vox and other TVs, that it has had positive reviews in the Mirror and other media. But all these articles are fake, Bitcoin Trader isn’t endorsed by anybody.
Beware, there are a lot of fake Bitcoin Trader reviews on the internet. They are published on websites that cooperate with scammers and promote this fraudulent system for money!
Bitcoin Trader in the Dragons’ Den
This is one of the scammers’ favorite, to persuade UK residents, they claim that Bitcoin Trader was the theme of one the episodes the Dragons’ Den on the BBC. But nothing could be farther from the truth.
There are just fake articles connecting Bitcoin Trader with Dragons’ den, in reality, they have nothing in common.
Bitcoin Trader and the Shark Tank
This is very similar, except that it is focused on Australia and its residents, because fake articles say Bitcoin Trader was in the Shark Tank show on TV.
But again, it is not true, it was never in any TV show in the world.
This Morning Holly Willoughby interview
Our last example of a fake association between a TV show and Bitcoin Trader is the Holly Willoughby interview in This Morning.
You will find articles stating otherwise, but the fact is that Bitcoin Trader was never reviewed by Willoughby.
At this point, you will probably be able to answer the question about a Bitcoin Trader review in the Mirror. You guessed it right, you won’t find a single article about Bitcoin Trader in the Mirror.
Scammers have just copied Mirror Online’s design on their fake website and published fake articles, that’s all there is to it.
Did Peter Jones invest in Bitcoin Trader? No, he did not invest in Bitcoin Trader. Nor has any other famous person in this world.
You can replace the name of Peter Johnson in the previous question by any celebrity and the answer will always be no. All you will find are hoaxes.
Martin Steven Lewis is an English journalist and TV presenter. He also runs the MoneySavingExpert website. If you find any article saying that Martin Lewis invested in Bitcoin Trader, you can be sure it is fake.
You probably know Gordon Ramsay as a chef, food critic, and TV personality. Why did scammers choose to associate him with Bitcoin Trader? It does not make much sense but they did it. He, of course, has nothing to do with it.
Richard Branson is a famous entrepreneur and investor, but not even he invested with Bitcoin Trader, he probably doesn’t know that this fraudulent system exists.
Tesla’s founder Elon Musk is a celebrity on all continents, this is probably why fraudsters like to abuse his identity and say that he is involved in Bitcoin Trader. But he is not.
Xavier Niel is a French billionaire, so it is a good name to persuade people in France that Bitcoin Trader is a good system, since he invested in it. Right? Well, it, of course, is not true, Niel did not invest in Bitcoin Trader, he is not associated with it whatsoever.
Harry Triguboff is an Australian real estate developer and billionaire. So, a good name to convince Aussies that Bitcoin Trader is trustworthy. The only problem is that Triguboff does not even know that Bitcoin Trader exists, all the articles connecting him to it are fake.
We have noticed many more names wrongly associated with Bitcoin Trader, for example:
- Kit Harington
- Michael Carroll
- Ant McPartlin
- Robert Lewandowski
- Ed Sheeran
- Alan Sugar
- Andrew Demetriou
- Andrew “Twiggy” Forrest
- Bear Grylls
- Bill Gates
- Joey Essex
- Jonathan Ross
- Deborah Meaden
- Jim Davidson
- Lionel Messi
- Piers Morgan
- Robert Downey Jr.
- Simone Ambrose
To be one hundred percent clear, none of the people mentioned above invested in Bitcoin Trader, because it is a scam they don’t want to have anything in common with.
Is Bitcoin Trader Safe?
No, Bitcoin Trader is not safe. In fact, we have just proved that it is a scam. The problem is that it will be risking and losing your capital since the first trade.
This is what it makes it very dangerous, it will use your money and lose it very quickly. Then it will be very hard to recover.
The Bitcoin Trader App
The Bitcoin Trader App is supposed to use some sort of artificial intelligence (AI) to achieve a 99.4% win rate. But our review shows that it uses no real trading algorithm at all and it loses the majority of trades it takes.
The Bitcoin Trader app is a generic scam app that is being rebranded for different fraudulent programs. The trading platform is very basic, and it was developed just to make you think there really is a product that you could use for cryptocurrency trading.
But in reality, this app is something you have to avoid, you really should not use it. It only loses money, many people have confirmed this fact to us.
Is your Bitcoin Trader account frozen? Here is why
You might have already signed up for Bitcoin Trader and now you cannot log in, you will notice that your login information is no longer accepted. This is because your Bitcoin Trader account is frozen, many people report that.
Why is that happening? Because Bitcoin Trader is a scam. Scammers have probably got as much money from you as they thought possible, so now they stopped answering and they have frozen your account.
We are sorry to say it, but even if you saw some profits in the app, they were fake, they were never going to let you withdraw them. Everything was there just to persuade you to deposit as much money as possible.
They might claim you have to pay some sort of taxes or fees so that you can withdraw your money from Bitcoin Trader, but it is a lie, don’t send them anything, they would just keep it.
Don’t get us wrong, you have to pay taxes, but it is you who has to pay them to your government. No anonymous and fraudulent program like Bitcoin Trader is to pay them on your behalf.
The truth about Bitcoin Trader
They told you that Bitcoin Trader is free, that they don’t want your money. Which in itself is weird, isn’t it? Who would give away a money-making system for free, why? It makes no sense.
The truth about Bitcoin Trader is that it is not free. As we have already explained, they will first let you use the demo to make you think that the trading app is profitable. If you believe them, you will want to start trading for real to make money.
At that point, they will tell you that if you want to start earning money with Bitcoin Trader, you have to deposit 250 USD with a broker they have chosen for you. Don’t do it!
Why? Because it is their way to steal your money, your deposit would be forever lost. Scammers who run Bitcoin Trader are connected to some unregulated and shady brokers. They send them victims who will deposit money. The broker will then keep your money and share it with people from Bitcoin Trader.
This the truth about these scams, this is how they get your money. They will persuade you that they can earn you profits and then they will ask you the send them your cash. They will keep all your money and they will just be asking for more and more deposits, they will use all sorts of lies to convince you.
Got scammed by Bitcoin Trader – what can you do?
Let us say that we are sincerely sorry if you already lost money with Bitcoin Trader, it means that you found our review too late.
But not everything must be lost. If you got scammed by Bitcoin Trader, follow these steps to recover your money:
- Look back to see who you send your money to. It was not Bitcoin Trader, it was a broker they forwarded you to.
- Contact that broker and submit a withdrawal request for the remaining money you have on your account.
- If you already lost money, explain to the broker that you want a refund, because you got scammed. You can add that you will report everything to authorities, payment providers and that you will push for a chargeback of your deposit.
- If the broker refuses, go ahead and try to reverse your deposit transaction. If it was done with a credit card, ask your bank for a chargeback. If it was done through another payment provider, contact that payment provider with the same request.
- The hardest is to reverse are bank wires. Ask your bank and the bank of the recipient what can be done about the Bitcoin Trader scam.
- You can also consult the national financial regulator in your country and ask for advice.
And beware, there are a lot of recovery scams in this industry, see for example the FSMA warning about recovery rooms. So, be careful about who you trust with these services.
Also, don’t forget to ask every party involved in Bitcoin Trader to delete your personal data. If you sent them copies of your id card, passport and/or credit card, it is worth considering getting new documents so that scammers cannot abuse your copies.
Bitcoin Trader review – the verdict
Our review proves that Bitcoin Trader is a scam. It never featured in the Dragons’ Den or Shark Tank, it is not endorsed by Peter Jones, Martin Lewis or anybody else. From real users, we know it is losing money in trading. Therefore, we recommend staying away from it.
If you really are interested in making money in cryptocurrency trading, start on a free demo account with a regulated broker. You will get virtual money to test everything and you can start learning.
Investing real money involves risk, so if you decide to do it, be sure to understand it and to have a solid strategy.
Please help us to warn other people against the Bitcoin Trader scam and share our review.
Frequently Asked Questions
Is Bitcoin Trader a con?
Yes, Bitcoin Trader is a con. It was designed to take your money and lose it. It cannot earn you any profits, unfortunately.
Can I trust Bitcoin Trader?
No, you cannot trust Bitcoin Trader, because it is a scam. It lies about everything and it is a losing piece of software that has no real strategy for cryptocurrency markets.
Is Bitcoin Trader real?
No, Bitcoin Trader is not real. Everything about is fake, it is not endorsed by celebrities, it never was on TV and it has no profitable app.
Who owns Bitcoin Trader?
Scammers own Bitcoin Trader. Their names remain unknown, because since they are fraudsters who want to steal your money, they prefer to hide their identities.