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?
2.7 (54.74%) 19 votes

Average rating of the Bitcoin Trader program

 

Michael
Author: Michael
Hi, I'm Michael and my area of expertise is forex and binary options 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.

31 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.

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