Bitcoin Trader review – a software to trust or a scam to avoid?

 

Bitcoin Trader claims to have a unique trading software that wins trades with 99.4% accuracy. Is this, however, even possible? Find out in the following Bitcoin Trader Review

 

Bitcoin Trader is a software that focuses on Bitcoin and its trading. On their homepage, they have a short introductory video where famous people talk about Bitcoin and how innovative the currency is. It really is possible to make money by investing in Bitcoin, but I hardly think that is is possible with Bitcoin Trader. They promise unbelievable results with just a 250$ deposit. Bitcoin Trader looks just too good to be true.

Emails – who are you, Dzhordzh Barker?

The first impulse for creating this review was a short email which was sent to me by Dzhordzh Barker who is associated with BitCoin Trader. I tried to find whether he is the creator of Bitcoin Trader, but there is no information about him on google or on the Bitcoin Trader website. In the email, he claims, to have a system that can make you $100K per month.

Bitcoin Trader incredible results guaranteed!

I am always very skeptical when someone promises me something that looks too good to be true unless it’s beneficial for both parties. So when I first read the information on BitcoinTrader.com claiming I can become the next millionaire, I knew right away it’s probably just another scam. And with Bitcoin Trader, I was right. Again. Do not fall for false promises of high profitability based on someone’s unique system. It is almost always a scam. The Bitcoin Trader software claims that you will earn at least $1,300 per day. I can see that hardly possible with a minimum deposit of 250$.

Members of Bitcoin Trader Community? Fake!

The testimonials published on the Bitcoin Trader website are fake and I have a proof of that. Do you remember the displayed traders who are so damn successful? Well, they are not. Because these pictures are stock images, just have a look.

Approved by Antivirus software? Hell no!

BitCoin Trader wants to make its visitors think the software is highly trustworthy. It tries to do that using an introductory video featuring famous people like Bill Gates, Richard Branson and many others talking about how great Bitcoin is. Furthermore, there are icons of well-known antivirus programs (McAfee, Norton, BitGo) indicating that these leading security software companies support the Bitcoin Trader project. However, know that they are there just to make you believe that Bitcoin Trader is legit.

Conclusion from Bitcoin Trader Review

The information that Bitcoin Trader provide is a scam and you should most definitely not trust this software. Beware that this “unbelievable” trading system does not occur only on one domain, which means that the web address might differ. The name Bitcoin Trader and other information will be, however, always the same. If there was a system that would be ahead of the market by 0.01 second, all markets would almost instantly collapse. In the end, it’s a good thing that they promise such unbelievable results making it easier for people to recognize that Bitcoin Trader is not to be trusted.

Bitcoin Trader review – a software to trust or a scam to avoid?
2.6 (51.2%) 25 votes

Average rating of the Bitcoin Trader program

 

Michael
Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.

38 Comments

  • Margaret

    Hi. Very interesting article. I did want to have a go and see if I could make small amounts regularly which I would pay into my bank but I’ve no idea where to start as I read the reviews and almost everything ends up being dodgy. Where do I start?

  • Richard

    Hi Michael, I’ve seen bitcoin trader advertising on facebook many times and have thought of opening an account with them.
    Thanks to you I now know its a scam.
    What’s your thoughts on a website called VIP-Crypto are they a good trading platform or is it a scam.

  • Darren

    Hi Micheal I’m pretty new to this I started with 250 Euro on kayafx they come across as very pushy to keep investing do you know if IQ option or 24 option are better to trade on thanks

    Darren

    • Michael
      Michael

      Hello Darren,
      Most scams are pushy, because they want to convince people before they change their mind. If this is the case for kayafx, I do not know. Both 24 option and IQ Option have quite a good reputation. But personally, I think that IQ Option has way better offer.

  • Richard

    Hi Michael,

    The website address for VIP-Cryto is https://vip-crypto.com
    I have parted with £250 and was put onto a broker who told a few things about crypto trading.
    The web site looked good and was able to trade on it and then after a week I was asked if I wanted to make some money big time by adding a further £5000 which would eventually make me £100,000. Obviously I refused and then its all gone quiet.
    I have asked to cash out but still waiting for my £250 back.
    I think this one is definitely a scam.

    Richard

  • CryptoDadi

    Educate yourself and start trading on your own. Other people don’t care about your money, they only care about their profits!

  • Ginny

    Dear all,

    Can you please help me by telling if the company CryptoNash is real or a scam. My dad invested € 2500,00 in the last couple of days, through out the bitcoin trader ad.

    • Michael
      Michael

      Hello Ginny,
      I do not know the company CryptoNash, so, unfortunately, I can not help you with this. But if they are connected to Bitcoin trader, please be super careful.

  • Andy

    Just look at Bitcoin Trader landing page and you’ll see that specified user names, their photos and “I’m happy with your software bla-bla” reviews are just fakes (they use https://uinames.com/ to generate users info)

    So it doesn’t seem to be a good to trust your money to a service that falsifies user’s data and reviews.

  • esau m

    good day, I did not understand the iq option method, if you put a CALL and then a PUT this at the same time subtracts points even if the indicator is above or below your choice, if you can save me as it works since I was reviewing a bit and I did not understand, sometimes the amount went down and then went up or kept, I’m new to this and would like an orientation before making any deposit, and the price you ask for on deposit are dollars or Mexican pesos ??

  • mohamed ravat

    Hi Miachel
    Do you know which crypto software for auto trading of BITCOIN/ETHEREUM, does I Q option use/operate?
    I like to join I Q OPTION but only for bitcoin/ethereum auto trading and not manual trading.
    I will appreciate your reply.
    Thank you
    Mohamed

    • Michael
      Michael

      Hello Mohamed,
      IQ Option does not operate any auto trading software nor do they support any. If I were you, I would be very careful with using an auto trading software because most of them do not work.

  • Tom

    Hello Michael,
    I see Peter Jones of Dragons Den has just made a huge investment in Bitcoin Trader. Would you care to comment, and pass on your thoughts? Many thanks.

    • Michael
      Michael

      Hello,
      From what I have read on the internet, that information is not true. There are even such rumors that BitcoinTrader stole their identities.

  • Dennis

    The first info I got on Bitcoin Trader was the news that in the UK it was started with two guys on the BBC show ‘Dragons Den’ showing Peter Jones and the others (very canny business people) investing and making money for one of them on 8 minutes. Peter Jones invested £2.5 million in it.

    If it was a scam it wouldn’t be on the BBC and the Dragons Den team would have denounced it.

    The above scam alert syas the pix are photo shopped and you can see that – no you can’t – there is no explanation of that at all! This lack of detail perhaps gives the impression that this site is a scam! I would like Bitcoin Trader to be a scam but I can find no proof of that here.

    On the American site it says says there are no fees but on the UK one it says there is a 2% fee on profits. On the ‘How it works’ there is no info on how to withdraw your money/profits.

    So there are indeed anomalies here.

    • Michael
      Michael

      Hello Dennis,
      Please pay closer attention to photos provided in this article, there is a proof that they are stock images. So the traders are actually not real people who have experience with Bitcoin Trader. Gavin Duffy said. “It is a total scam. I contacted the BBC but trying to get these things down off websites, because it’s a paid for ad by the people behind this scam to give a sort of official veneer, then overnight people were kind enough to give me a heads up that it’s on the Guardian website as well.”. Fellow Dragon Eleanor McEvoy said: “It’s absolutely disgraceful that these things can happen… But what do you do when these things happen and god forbid anyone has invested any money in after seeing our names, god that would be terrible.” (Source). It is up to you make your mind to what to believe.

  • Iris

    via AOL advert from trade.markets-trading.com I have just been ‘fooled into investing. Became suspicious when they phoned me and I then gave my details to take £250 and guy rang off very very quickly. Worried they will take more that £250 – is that the case of the scam?

  • Rob

    I too read the Dragons Den story and ended up investing €250. I made the payment by debit card on their site. I received a call shortly after to set up a call for a broker to contact me tomorrow.
    Having read previous messages, I now have no doubt that I have been scammed.

    • Tammy

      Hi Rob,
      Can you tell us what happened in the end? Was it a scam?

      • Anonymous

        Hi Tammy,
        Shortly after I “invested” €250 l realised I had signed up to something completely different to the advert that had lured me in. I was really concerned I had been scammed so I requested a withdrawal of most of my deposit. They required me to fill in a form containing banking details, personal info etc which worried me even more. I received numerous calls daily from London, Zurich and other numbers which I terminated shortly after answering or ignored them totally. These calls are still ongoing and are ignored. Eventually my withdrawal request was processed and I have had most if my original deposit returned to me, thereby minimising my loss. I still get several calls a day which I ignore or terminate shortly after answering. I have received numerous emails demanding I answer the calls etc but have ignored these as well.
        In short, I am convinced this is a scam. I have recovered as much of my investment as I can and have written off the balance.
        My advice to you is to avoid this site and rather look into investing into a more credible and verifiable option .

  • vardui simonyan Simonjana

    This cryptonash look a scam. I see as well about dragons den invested for bitcoins and stupidly i did as well, did sign on and pay them 250 pounds, now they are asking from me 3 difference tipe of identity ( my passport details, my bank accont last bils and some another bill!).i fill only left to give them my door keys! Im a very upset. I did contact with my bank ready. They told me will try to help me. Thes cryptonash man name was daniel sanders, they were caling from Zurich .

  • Dennis

    Pity none of the Dragons have commented here – can it be they are unaware of this site?

  • Dennis

    Oh I’ve just googled ‘Peter Jones ‘ and got to his denial of his Bitcoin involvement – his legal team is on it he says.

  • Dennis

    It is vert strange that nothing of this has been on any BBC news item unless I missed it. What about ‘MoneyBox’?

  • Eddie

    I just to let people know I also saw Dragons Den advert for Bitcoin Trader sign up and invested 250 euros and got call from Daniel Sanders. He talked for a while the tried to get me to invest 1,500 euros, I informed him I didn’t have that kind of money. He tried to contact me over the next couple of weeks; I avoided his calls and emails as I was doing a bit of research on the site. He used different phone numbers eventually calling from an unknown phone number. I answered and told him what I had gathered from my searches but the strange thing was he was speaking with a completely different accent from the first time we spoke; it was obvious that he was a completely different person; I may be a pensioner but I am not senile. He had also promoted himself from an assigned advisor to being the owner of the company and became very agitated when I confronted him with what I believed concerning Cryptonash.

  • Cristina

    Hello,

    Does anyone have more info’s about http://www.cryptonash.com ? I have received a message on Skype with the link
    swiss-methoden.com and by curiosity I clicked on and understand is a trading website so i signed up but the swiss-methoden signed me up to this http://www.cryptonash.com, after about 10 min I received a call from this women asking me to deposit a minimum of 250 then I told her I can’t risqué because for me 250 are important money then she said a minimum of 150 and she will assure me that I will see good progress in about a week time. Can I get some advice I do not know pretty much of this staff Ive only heard about bitcoin but thats all and need an insight! Thank you

    • Michael
      Michael

      Hello Cristina,
      I do not know more information about cryptonash.com, but anyone who assures you that you will see good profits is lying to you, especially since you have no experience with trading. I have checked also the swiss-methoden system and it has most of the signs that scams have (on the main page there are many testimonials how wonderfully the system works, but not a single one is negative). That is really odd. You can also notice that they have in their terms and conditions “there is no guarantee that you will earn any money using the techniques and ideas in these materials. examples in these materials are not to be interpreted as a promise or guarantee of earnings.”. So they make you think by having the “honest” testimonials on the web that there are only people who profit from swiss-methoden, but as you can see, that is not true. I would be very careful with proceeding any payment, but it is your money. If you would be looking for honest and regulated companies where you can trade cryptocurrencies, let me know and I will try to point you out in the appropriate direction.

  • Anonymous

    Hi I got sucked into the cryptonash scam and have made a proffit. I know they are blagging , so i pretended to be a business man and wanted to see if they could double my money as I didnt believe the software. They have deposited my original deposit and proffit. Im still 300 euros in profit. So im going to ask them to deposit that before I give them a larger deposit which im not. Play them at their own game.

  • Cc

    Hi guys.
    I got sucked into the bitcoin trader scam.
    I saw the video and suddenly crptonash is ringing me.
    I deposited 250 euro.
    I have got that back and made some profit.
    Now , I dont think there legit , they ring from different places and have english names and that does not add up.
    I have spoke to the boss there as one of there workers openly said he didnt like what was going on after my pressing him about authenticity.
    His picture and voice don’t add up and he was going to give me his personal phone number and email details.
    Which never happened.
    So they now want me to invest more money now they have proved to me they paid me back and some profit on that.
    So I will now withdraw the other 300 euros profit I have to see if they will give it to me.
    Im playing the role of a business man willing to put in only if they prove they can double my money and not before.
    I can only win from this now.
    But I will update you on the success of my last withdraw.
    However Im more than aware this is a scam because of the way they jumped on the bitcointrader video scam with the dragons den rating it. They openly ommited to me they used this to get people in to trade with there money.
    They must be pretty well organised working from an office bouncing numbers from around europe.
    Perhaps they work in call centres?
    Anyway if you’re unsure dont do it. Or dangle the carrot that you will invest more when you see you have made profit then just pullout.
    They one thing they did say was that this is not going to make you a milliionaire which is about the only honest thing they have said.

    • Derek

      Hi Cc,
      I am also aware of the scam and am now testing the waters. 1st day so too early to tell.
      How are you getting on? Did you withdraw your 300 Euros profit without any problems?

  • F K

    I first signed up with bitcoin trader and soon after I got a call from an account manager with Cryptonash, I have been working with them for 5 months now and honestly i was sceptical when i first started, but now I am sure they are a good company because of how we have been working together. I started with 350 euro and within a week i was told to put an additional 5000 euros, I never agreed to it as I am still very new to this trading thing. after two weeks i made a withdraw of 100 euro to test the system, i received it back in my account after 4 days. After several calls with the account manager I finally decide to go ahead and put my money into it (2500 euros) , you can imagine i was very nervous at that point, all I could think about was the money I had put and if I would see it back. In the past 5 months I’ve been able to withdraw 2764 euros. I will continue to work with them and see how it grows, the account manager has told me several times to put more funds into the account about opportunities in the market especially this season. I chose not to put anything because i saw these reviews and decided to get my money first and if that happens i will continue. So far I have taken 2864 euro from the account and I have requested another withdraw on thursday. I will keep you updated on what happens next, at this point i have taken all my money back and now will try to take profit. i hope they are good company because i have been scammed before and i do not want to be scammed again but so far they have been very nice to me and treated me with nothing but respect.

    • Derek

      Hi FK,
      How did you get on with withdrawing your money. Reluctantly I have started today, solely with the intention of withdrawing my original £250 as soon as I have that much profit. Once that has occurred, I will be at least satisfied that I haven’t lost any of my personal money. To date I have invested £250, with no intention to increase by way of deposit.
      How are you doing? Are you earning more per day the higher the amount in balance?

  • Derek

    I’m from the UK and found TradingBeasts after signing up with Bitcoin Trader automatic trading, but never mind, I knew the risk involved. I would like to share my experience to date and continue so that others can benefit or be wiser regarding my own involvement.
    Probably against my better judgement, I charged my £250 to my Mastercard. Before I continue, this is £250 that I am prepared to lose!
    Step 1: Bitcoin Trader leads me to “GCC Investing”. I filled out details but stopped before making payment. The next morning I received an phone call from Leeds. It wasn’t hard sell but the caller was definitely prepared to stay on the phone as long as it took! I asked many questions and of course the answers were positive, but like I said, I am not investing money I can’t afford to lose.
    Step 2: After making payment of £250 I then received a call from a fund manager (for want of a better title), a Russian American. I became the feeling that he was hoping I would sign up for the personal management account. I repeated many times that I don’t have any more money to invest, just my £250 initial start up money. He didn’t try to hard sell me and accepted my decision. He said let’s talk in a few weeks time once I could see how the account is running. I repeated once again I will not invest any further funds, maybe only my profit funds.
    He will now set my account up to run on their automatic trading system. I am now currently waiting for my account to start trading and I will keep this column informed what is happening, good or bad!
    My intention is to withdraw my initial £250 investment as soon as it is realised!?
    I can hear the oohs and aahs as I am writing this comment but like I said, it is £250 I am prepared to lose. If I was reading this comment from a fellow chat mate, I wouldn’t be thinking there will be a positive outcome. I might even label myself an idiot.
    Let’s see, I will be totally open here good or bad.
    I would also like to attempt the Free Demo Account of IQ to have a try myself at trading. We’ll see

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