Bitcoin Trader™ Scam

Bitcoin Trader™ Scam  

Bitcoin Trader™ Scam

This is essentially the same website as the Immediate Edge Bot scam as it carries the same warnings at the bottom: "Bitcoin Trader is a software created by a development company and does not provide investment or brokerage services. Bitcoin Trader does not gain or lose profits based on your trading results and operates as a technology, marketing and advertising service. Bitcoin Trader does not operate as a financial services firm and is only used as a marketing tool by third party advertisers and brokers to receive more customers."

So they are saying that this is not a software at all and that it is just a 'marketing' tool used by scammers.

Now this may seem odd as they have just finished explaining that this is the original Bitcoin Trader and all others are fake, especially if  marketed by anyone claiming any sort of affiliation with Alan Sugar or Dragon's Den, and that it will automatically trade Crypto across various exchanges to make you an instant and assured profit.

The first problem is, that a cryptocurrency doesn't really have an exchange. Sure someone could sell BTC for ten dollars on but that is not something you can auto-trade. Buyers have to be registered and sellers have to be registered with their passport and driving license and with a known address, bank account and phone number. It is all to protect from the fact that crypto transfers are extremely difficult to track. So in fact, the value of BTC or XRP is consistent everywhere because the system works online and it constantly recalculated by the infrastructure that maintains it. The only option to make profit without buying and selling for cash is to swap between cryptocurrencies, but they often tend to follow the same pattern once established, the trick is to pick the right coin early and invest there, but it is still extremely risky.

So the bottom line is that what they are promising is impossible, they tell you they're lying at the bottom of the page, and they will sell your contact details to an offshore CFD trading house in exactly the same way as the scammers they are warning you about that use Dragon's Den/Shark Tank and Alan Sugar.

Guess what - they are all the same affiliate network!!!

Until the affiliate system is shutdown and companies like start taking some responsibility for who use their system, we will continue to be plagued by the KGB con-artists.

If you need to make money than start with looking into sensible websites where real people give real opinions. Read the Economist or the Financial Times or Which magazine or anything.

Trust Pilot is plagued by false reviews and searching for anything on Google or the other search engines with the words 'Crypto' or 'Trading' is extremely dangerous. These scammers advertise on Google and Google will not take any action to stop them - believe me we've tried. Google has become as big a problem as any and a real part of the scammers handbook. 

You can have a look at their Bitcoin Trader™ scam site to see all of the terms and conditions and verify that they really are contradicting themselves and are obviously scammers.

Do not trust any trader, but buying XRP or BTC may be a good bet as the world enters a new era of economics.

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