Bit 1.0 Eprex Review. Is Bit 1.0 Eprex Scam? We Checked

Last Updated on September 4, 2024 by Stephan Lindburg

Bit 1.0 Eprex is the name of a new cryptocurrency investment scam. This fake app is the brainchild of a few affiliate networks that decided to join forces and budgets in order to increase their customer reach. The Bit 1.0 Eprex marketing scheme is designed to impersonate key brands and celebrities in order to promote unlicensed contract for difference (CFD) brokers.

Scam Alert: These types of scam websites often display highly misleading sales pages and randomly AI-generated content to avoid fraud detection services or systems. It’s also important to mention that geo-localization systems are used and content is served based on the potential victim’s IP address or residence. To explain, if you reside in Sweden for example the marketing campaigns will be presented to you in Swedish and so on.

Bit 1.0 Eprex Scam Brokers: When we registered for testing purposes the broker which was allotted to us was named “Blockchain Capital”. This CFD or contracts for difference broker is not licensed to manage customer portfolios on behalf of any licensing or regulatory authority. We checked with the FCA, BaFin, CySec, and other agencies. There was no information or records associated with Bit 1.0 Eprex that we were able to trace.

Interested in taking the Bit 1.0 Eprex scam crypto app out for a test drive? Well, you might want to reconsider given the information we were able to dig up. So take a minute, relax, and see what all the hype is about before risking any of your money.

Official Bit 1.0 Eprex Website, Login Page, and Registration Area: We identified eight (8) websites claiming to be the “official website and trading app”. They are all fraudulent and should be regarded as such.

The Evidence Our Staff Identified

A quick look at the image below will reveal the first part of an all but too well-known story. You can see one website which is a copy/paste version of about 50 other get-rich-quick schemes that are trending these days. So if you get the notion that you have already seen this website there is a very good reason for that.

And right below it is another version of the Bit 1.0 Eprex website which keeps popping up on top of the search results. Our staff was able to prove that this is another clone which is circulating these days. The affiliate network which is promoting it is constantly using this template and offering it to promoters.

This the reason why clones go by different names. In this case even the content is the same as in both cases the sentences which start with “hone your skills” and “immerse yourself” are being duplicated and reused in at least two separate schemes.

Bit 1.0 Eprex Phishing

When conducting our review it became evident that one of the versions which is being used has been flagged as being a phishing website. This should come as no surprise since there are many fraud monitoring services that specialize in identifying phishing sites and warning the public about them.

It seems that one of those services notified Cloudflare, which is a content delivery network and risk mitigation software. As a result Cloudflare placed a phishing notice on the site and anyone trying to enter the website sees the warning message above.

The Use Of Fake Testimonials And AI-Generated Images

When considering systems the likes of Bit 1.0 Eprex it’s a very smart idea to question the authenticity of any testimonials presented on the website. It’s well-known that these types of unscrupulous advertisers could care less about acceptable or legal business practices. That’s why you have to use your common sense and if you are not sure about the nature of the testimonials, drop us a line and we will check them out for you as a free service.

Bit 1.0 Eprex Fake News

We spotted a fresh flurry of fake news articles associated with Bit 1.0 Eprex. The last ones we saw used a fake news article featuring Sir Keir Starmer and Prince William. There are a different types and sizes of deceptive news-style advertisements designed to trick viewers into registering for fraudulent cryptocurrency schemes.

It’s important to reiterate that these fake advertisements are geo-targeted as we have stated . Meaning that the information which is served to viewers is locally adapted into the relevant languages and content.

Fake Bit 1.0 Eprex Reviews

There are about 7 fake Bit 1.0 Eprex reviews. These reviews are published on websites that primarily belong to one UK-based marketing agency named Finixio. We have outed them countless times on our website, however this has not had any influence on their activity.

What Is Bit 1.0 Eprex, Who Are The People Behind It, And How Does It Really Work?

Bit 1.0 Eprex is supposed to be an automated trading app that specializes in cryptocurrency contracts. There are many like it, and just like them this scheme is also a scam. In reality Bit 1.0 Eprex is a landing page designed to generate leads.

Leads in marketing terms are names of potential buyers along with the contact information and country. So every time you register for a system with a similar nature, you are in essence providing personal information which will be used by sales agents who are employed by CFD brokers.

These agents will present themselves as account mangers and will do their utmost to coerce you into funding a live trading account. If they are unable to do so, your personal information will rotate to other sales agents and eventually you will get spammed with offers from a variety of services.

Bit 1.0 Eprex Review: Dependable Trading platform Or Scam?

Well, as you may have already guessed Bit 1.0 Eprex is just another hyped up crypto scheme. The promoters who are peddling this bogus app are making all sorts of bold statements regarding high returns on investments. We recommend you read the fine print and start asking the difficult questions before investing. Our research staff did, and needed to register again since we had the door rudely shut on our face (metaphorically speaking).

To make matters worse, we did a whoise check on 3 of the Bit 1.0 Eprex variants. It appears that none of them have been in existence for more than 2 months. There is no filing history for the company who operates the broker or the software. Additionally, we were not able to find letters of incorporation or any officers listed. This means the company is listed in some shady legal jurisdiction like Belize or the Cayman Islands.

Bit 1.0 Eprex: Our £250 Deposit Test And Overall Impressions

When we conducted our deposit test it quickly became evident that the people we were dealing with were not ethical. Our account manager Teddy Green was extremely rude and insisted that we invest at least £1000. Eventually we persuaded him that there is no way we would invest more than the minimum amount, so he let us fund our trading account.

We used a crypto wallet and sent the amount to an address as requested. Once the balance showed in our account we were able to start trading. Initially we made some gains, but very quickly lost all of our money. Once the money was gone we started receiving incessant phone calls from a variety of people who asked us to keep investing. Obviously, we were not willing to do that and that’s where the story ends more or less.

Something A Bit Odd

We noticed that the staff we chatted with had a strange accent. We couldn’t quite make it out because they kept alternating and in some cases the accents changed. That being said, in at least 2 cases the people we spoke with had heavy Russian accents. The others could be from anywhere in the world, but we can say with a 100% degree of certainty that at least twice, the sales agents were either Russian or Ukrainian.

Test Review And Methodology

We try to use statistical charting methods such as regression charts, hypothesis testing, and Anova or analysis of variance. When our staff aggregates the data and puts everything in neatly organized tables the facts start to become clear.

Summary	Synthesis
Checking Sources	What sources are being used to make the claims?
Fact Check	Fact-checking is critical.
Performance Check	Is it possible to conduct performance testing?
Distill The Main Arguments	What is really being sold to us?

When we look at the chart above we can clearly see that Bit 1.0 Eprex fails across all parameters.

What Other Sites Are Saying About Bit 1.0 Eprex

We spotted multiple fake reviews. Here are just a few excerpts of what they had to say:

• An “excellent educational platform” providing tools and access to information that helps traders become successful.
• A “legitimate trading robot” and tested software that generates profits.
• A “dependable and trustworthy” investing software that provides access to a variety of options and “enhances” the trading experience.

There are more, but we think you are getting the picture by now. Please note that the websites endorsing this service are affiliate marketers and receive referral commissions every time viewers register from links on their sites.

Strategies And Backtesting

Bit 1.0 Eprex does not offer any of the usual strategies that are acceptable or expected by Forex retail traders. These include but are not restricted to Bollinger bands, Stochastics, Trend Analysis, and Fibonacci retracement. Moreover, we could not find any historical data and performance analysis on previous trades.

Pros And Cons

Our research staff complied a little chart for you which explains in bullet points the main pros and cons related to the Bit 1.0 Eprex scam trading software.

Pros	Cons
No Pros	Phishing Site Unregulated Fake Claims

Legal And Regulatory Checks

So according to our researchers Bit 1.0 Eprex does not have a record with any of the regulatory agencies such as the FCA or CMNV. On top of that, it was not possible to find any patent record. We checked with a variety of licensing and patent authorities such as the IPO in the United Kingdom. No information was available for the public.

Privacy Of Information

The crooks at Bit 1.0 Eprex are not really interested in legalities related to privacy of information. Once you provide your details they will be resold and circulated among various vendors who will try to get a reasonable return on their investment. This is done by selling you any number of useless products or services. So get ready to be spammed!

Safety And Security

Well, just having a padlock and an SSL encryption key does not mean a thing! We did some penetration testing and checked the firewall settings. It seems it has more holes in it than Swiss cheese and easily penetrable. To top it off, there is no ISO or PCI compliance certification.

It’s also important to point out that we tried to contact the Bit 1.0 Eprex support staff and our email bounced. When this happens its usually a sign that you are either dealing with criminals or inept operators.

Leverage

Bit 1.0 Eprex has been known to offer members a leverage of up to 5000:1. Normal or average leverage ratios are 1:10 or 1:15. These are the numbers we are accustomed to seeing in a regulated setting. If you take this leverage the probability you will be able to withdraw your money is close to zero. So please refrain from doing so.

Compatibility With Cryptocurrency Exchanges

This fake trading app is not compatible with any of the major cryptocurrency exchanges. Some review sites will try to sell you a different story, but that is a lie which is designed to lend the app more legitimacy. Bit 1.0 Eprex is a CFD software, and as such is only compatible with brokers.

Deposits and Withdrawals

When it comes to topping up your account you will find it incredibly easy to do. In most cases you will be asked to use digital currencies, however in some cases using a credit card will also work. Now, when it comes to cashing out it’s a different story altogether. We tried to do it and hit a resounding brick wall. Eventually we were locked out of our account and basically told to move on since there is no way we will get our money back.

Trustpilot, Reddit, and Other Forums

As of now we have only seen one fake review on Reddit, however this is bound to change. As time passes and more victims will end up losing their money the more complaints will be seen online.

Bonuses, Comps, and Incentives

Please make sure to avoid any type of bonus or freebee which is offered to you. That is because these bonuses are not free and have a trading requirement set. For example, we asked and were told that if we accept the bonus it has to be traded 25 times in order to qualify for withdrawals. In some cases it’s much more, but either way you can’t win if you take these so called “gifts”.

Taxes

The last thing on your mind should be taxes related to Bit 1.0 Eprex. That’s because taxes are declared on profits or income. We already know that Bit 1.0 Eprex is a losing app, so there is no room for concern.

Working Alternatives

Before making a recommendation we invest our own money and test a system. If the platform generates consistent profits we add it to our recommended section and monitor performance. This is your chance to try out tested apps and really get a good start trading the financial markets.

Bit 1.0 Eprex: The Verdict

In our Bit 1.0 Eprex review our research staff came to the much foreseen conclusion that we have stumbled onto another scam. We are not hasty or careless about exposing scams. It’s not in our interest to damage someone’s reputation and name if they act in good faith. That being said, we can be brutal in our assessment and our staff is used to getting both veiled as well as direct threats.

We have made it our lives’ mission to ruin the shady business of various scammers and con artists. We do so with the understanding that it really helps people by providing them with concise as well as relevant information.