Bitcoin Profit is an automated cryptocurrency trading platform. It claims to help you multiply your money by investing it in cryptocurrency. They claim that their software is ‘smart’ enough to discern when cryptos will rise and fall. Their robot then executes transactions based on these insights.
You are probably wondering how Bitcoin Profit works. Below are two things that the product claims that it can do:
The problem with this approach is it sounds too good to be true. There is not enough proof that it works.
You need an account to activate your transactions. To create an account, you just have to fill the form on their website. You just need to provide some personal details: full name, country of residence, email address, and phone number.
From here, the system will automatically assign a strong password to your account and you can log in.
While Bitcoin Profit is free to use, you still need to pay an initial deposit of 250 USD if you want to start trading cryptocurrencies. The app provides plenty of options for deposits such as Skrill, Safecharge, Trustpay, Safepay, and MerchantPay.
You can test the software and develop your trading strategies before you invest your money. It will also allow you to take a peek at the platform and its transaction process. In other words, it will help you familiarize yourself with the system so that you can manage risk and avoid loss.
Live trading is available once you deposit 250 USD into the platform. This is where you will have the option to either trade cryptos manually or automatically, I prefer the manual route for it helps me to look at the rise and fall of the currency and make decisions on that, but the software claims that it works better when automated.
The income claims of Bitcoin Profit seems to be a hoax. While there are several testimonials on their page claiming that it has helped its users make money, there is not enough evidence that these testimonials are made by real people. It has also made claims that the software is supported by huge personalities like Richard Branson and Elon Musk. However, their reviews are not present anywhere on the Internet.
The largest red flag lies in its affiliation with forex brokers in EuropeFX and Investous. These companies have been tagged as unreliable by several investors. There are many scam reports claiming that they lost money through these brokers. This is a sign that Bitcoin Profit’s income claims may not be true.
The Bitcoin Profit trading system is limited to its web platform. It can be accessed through a browser on your desktop or mobile phone.
There is no official app for this software. If you have seen one, it is probably not affiliated with Bitcoin Profit.
Due to its affiliations with unreliable forex brokers and its dishonesty when it comes to its testimonials, Bitcoin Profit is clearly a scam. It is similar to other Bitcoin robots that make outrageous income claims without anything to show for it.