What is Bitcoin Champion?
To find out, we are going to do what everyone should do when they start a business relationship with someone, read the small print.
On a website that typically means the 'terms' and 'privacy' pages, as well as the disclaimer or message at the bottom.
So what do we find?
Trading can generate significant benefits but also involves a risk of partial or full funds loss and should be considered by initial investors. we strongly advise that you read our terms & conditions and disclaimer page before making any investment. customers must be aware of their individual capital gain tax liability in their country of residence. It is against the law to solicit U.S. persons to buy and sell commodity options, even if they are called 'prediction' contracts, unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt
OK, so right away we can see that this is nothing to do with cryptocurrencies, but is a CFD broker harvesting contact details to defraud people. These scammers are completely unregulated in Europe or the US and so are under no obligation to follow any business practices whatsoever.
So What Does Bitcoin Champion Have to do with Bitcoin?
Well, nothing to be honest. It is not a Bitcoin trading site or a crypto wallet provider or anything. it is not even an app, as it repeatedly claims to be. There is no sign of it on any of the app stores or anywhere else online. It it simply a website with a sign-up form that promises everything and gives you nothing. In short, it is a scam. This comes as no surprise, as when we look at the content of this site, it is exactly the same as any of the other Bitcoin scammer boiler room sites. The title is in the same style, with almost the same name as the other scammer sites. The sign-up form is right next to it as is the case with all of the other scammer sites, and the design and background images even appears to be shared amongst this site and the other scams. There is no doubt that this site has been made by the same people as the other scam sites, and has been made for the same purpose.
Now a little further up the page we can see:
Bitcoin Champion is neither an affiliate marketing scheme nor is it an MLM.
Now we would think that this is correct information, as they have already come clean about the CFD issue, which could mean that this entity actually own at least some of the broker houses and therefore this is not an affiliate scheme, but a marketing page.
If we look at their terms and conditions, we can see in reference to third party sites:
8.3. We have not reviewed any or all of such Links and are not responsible for any of the content of the websites or software referred thereby.
They do not condone or even review any broker with whom they may connect you and take no responsibility for your losses or personal data during the intercourse with said broker.
They also state:
Company may inform You of its decision to designate such territory as a Restricted Territory, and following such notice You shall cease immediately using the Website and/or Services.
This basically means that they can shut you out of your account regardless of how much money you have deposited and they are under no obligation to send that deposited money back to you. This is a huge red flag and a sign that this website is illegal and not to be trusted.
You can see the whole of the website at the bottom of this page.
They go on to say that:
We use a trading software that’s state-of-the-art and has an impeccable reputation for being trustworthy, consistent, and infallible.
There is no such thing as infallible when it comes to trading or the market would simply be a magic source of cash for everyone and the dollar would collapse. For every winner there has to be a loser and auto-trading bots are often on the losing side. They are easy to predict and even easier to outwit, as you can show them conditions that will make them act a certain way.
This nonsense statement is another big red flag.
Uh-oh - there is a more worrying section...
Step 1 - Register for Free, Step 2 - Deposit $250 (their terms and conditions clearly state that their website is not open to US, Canadian or Israeli citizens) Step 3 - Click a magic button an await being rich!
This is the last straw, time for a verdict!
Our Verdict: Bitcoin Champion is a: SCAM!!
Do not invest any money in this scam!