Bitcoin Profit has massive potential to revolutionize the world of finance as we know it according to its website.
And it’s even supposedly been backed by the likes of Richard Branson, Bill Gates & Bear Grylls.
But is Bitcoin Profit legit?
Or is Bitcoin Profit a scam that you should avoid?
I’ve taken a closer look into it & in this honest Bitcoin Profit review, I’ll be uncovering everything you need to know, including how it all works (and whether or not you can really make money with it).
What Is Bitcoin Profit?
Bitcoin Profit is an online trading system that can supposedly trade Bitcoin entirely on your behalf & see you earning as much as $1,000+ per day all on complete autopilot.
And many of the adverts promoting the Bitcoin Profit system lead you believe that it’s even being used by the likes of Bear Grylls, Richard Branson & Bill Gates.
You’re told that all you need to do to make money from it is simply sign up, make a deposit with the recommended broker & then “activate it” to begin trading.
From there you’re led to believe that you’ll begin generating a completely passive income.
But if it’s legit, then why isn’t everybody using it?
Why are people still working at jobs they dislike for less money if they could simply sign up to Bitcoin Profit & earn more money all on complete autopilot?
The answer is because it’s NOT legit.
Bitcoin Profit is a scam.
The simple truth is that if you sign up to Bitcoin Profit & deposit any money you’ll just lose it & you’ll see why that’s the case in the next section of this Bitcoin Profit review.
How Does Bitcoin Profit Work?
Bitcoin Profit portrays itself as being a completely automated trading system & one that can guarantee you to generate profits by trading Bitcoin on your behalf.
You’re led to believe that all you need to do is sign up, make a deposit with the broker that they recommend to you & then “activate it” in order to begin making money.
At a glance, it seems risk-free.
But what they fail to mention is the fact that they are actually affiliated with the broker that they recommend to you and that the broker is actually a binary options broker.
This in itself hands-down proves it’s a scam.
You see, binary options brokers work very differently to normal brokers.
Through a binary options broker, you don’t actually “invest” in anything. Instead, you simply place bets with the broker on whether you believe you believe the value of something will go up or down over a certain period of time.
Usually, the period of time is 60 seconds or less.
If you guess right, you get your money back plus a small bonus paid out of the brokers pockets. If you guess wrong, the broker takes everything you bet.
Now here’s the deal. Because you’re placing a bet with the broker, not investing, this means that the broker has to pay you any winnings out of their own money.
This means that they don’t want you to win because if you win, it costs them money. They only make money when you lose so in order to stay afloat, they need you to lose.
But as I mentioned a little bit above, the broker and the creator of the Bitcoin Profit software are actually affiliated with each other.
This means that if you sign up with the broker recommended by Bitcoin Profit, then the creator will get paid a commission by the broker.
So ask yourself this – if the broker only makes money when you lose money, why would they pay commissions to the creator of a system which could guarantee you profits for getting you to sign up?
The real reason they’re paying the creator of the Bitcoin Profit software money is because they are in on the scam & they know that the software has been designed to make you lose.
And as you’ll see below, it’s been designed to make you lose a lot.
You might be thinking that after depositing money to try Bitcoin Profit you’ll just be left to discover that it doesn’t really work & that you’ve been scammed.
Unfortunately, the scam is much more cunning than that.
Instead, after making a deposit you’ll actually be given access to the software as promised & upon activating it the software will appear to begin generating profits as promised.
It’s completely fake.
The software isn’t really connected to any live markets & it’s ultimately nothing more than a video game.
The creators have just developed it in a way to trick you into believing that you’re actually profiting so that they can then encourage you to deposit even more money.
They’ll claim that by depositing more, you’ll be able to increase your profits.
Of course, however, it’s all part of the scam.
When you finally try to make a withdrawal of all the profits you’ve supposedly generated you’ll just be left to discover that the whole thing has been a complete con.
The broker will simply make excuses or may even just point blank refuse your request. They’re in on the scam too.
The Red Flags
I appreciate that even after reading this Bitcoin Profit review some folks will still be considering trying out the software.
The creators of Bitcoin Profit have gone to extreme lengths to try & tempt you, but the moment you decide to “try it” you’ll have fallen victim to the scam.
So in an effort to prevent you from doing that I’ve decided to outline some of the red flags here so that you can see for yourself that it’s not really legitimate.
- The website displays no ownership details or office address
- The website displays no license (which is required by law for an investment-related website)
- The claims made are too good to be true.
- The website has been exposed by official consumer protection bodies.
And on top of that, even the celebrities (such as Bear Grylls) that have supposedly endorsed the system have come out publicly to say that they haven’t.
Take a look:
The creators of the Bitcoin Profit software have gone to extreme lengths to try to make you believe that the software has been endorsed by various celebrities such as Richard Branson, Bill Gates & even Bear Grylls.
The problem, however, is that it hasn’t.
As mentioned in the previous section of this Bitcoin Profit review, Bear Grylls has even come out publicly to say that he did not endorse the Bitcoin Profit software.
And neither Richard Branson or Bill Gates have endorsed it either.
But cunningly, the creators of Bitcoin Profit have taken cuttings of news clips & pieced them together to make you believe that Richard Branson & Bill Gates have indeed endorsed the system.
They haven’t, instead, in the full clips you will see that Richard Branson & Bill Gates are talking about Bitcoin as a cryptocurrency in general.
They are not talking about the Bitcoin Profit system itself, but the creators of the Bitcoin Profit software have basically tried to make you believe that they are.
Is Bitcoin Profit a Scam?
Yes, Bitcoin Profit is a scam. The software is completely fake & so are the celebrity endorsements, the software will do nothing other than see you losing money.
Bitcoin Profit should be avoided.
The creators have attempted to make it seem risk-free but they are affiliated with the brokers that they recommend & the brokers are also in on the scam as well.
They are all in cahoots & their intention is to simply trick you into making a deposit (or even several deposits) so that they can line their own pockets at your expense.
The truth is that it’s possible to earn money online and it’s possible to earn a lot of money, but it’s not possible to earn a lot of money quickly or easily.
Anything that promises you can earn lots of money quickly or easily is likely trying to scam you.
Instead of getting caught up in scams, if you really want to earn money online legitimately I would suggest you stick with a proven method like affiliate marketing.
But whatever you do, stay clear of Bitcoin Profit and any other systems like it. In fact, stay away from anything to do with binary options trading in general. It’s bad news.
A Legitimate Alternative
It's possible to earn good money online, but what you must understand is that it's not possible to earn good money quickly or easily.
Anything promising to provide you with a way to earn lots of money really quickly or easily is just trying to scam you, regardless of what they say.
In order to earn good money, you must be prepared to put in the work to make it happen, that's the straight-up honest truth.
The good news, however, is that if you are prepared to put in the work then there are legitimate methods like affiliate marketing which you can get started with for free.
Affiliate marketing basically involves promoting products or services for companies (like Amazon) online & getting paid commissions in return for successful sales.
The best part is that there are no minimum requirements or eligibility criteria to get started with affiliate marketing & the process is pretty straight forward meaning anybody can find success with it, regardless of experience.
So if you're still looking for a legitimate way to earn money online then I highly recommend you check it out before you leave.