Last Updated on August 19, 2022 by Stephan Lindburg
Today we shall review a new trading platform named Bitalpha AI. Bitalpha AI is advertised as a scalable, highly accurate, and fully automated cryptocurrency trading software. This new app reportedly spots profitable trading opportunities using intelligent AI algorithms. According to the Bitalpha AI sales page, we are led to believe that this platform generates massive amounts of money on auto-pilot for it’s members. However, we are very skeptical of these claims. But skepticism is not enough! Our detailed Bitalpha AI review provides readers with all the necessary information required in order to shed light on this latest get-rich-quick scheme.
There is a lot of “AI” going around these days. For some reason scammers and con artists are mesmerized by the concept of thinking machines and auto-trading. For that reason exactly potential investors want to know the truth! Namely, is Bitalpha AI scam or legit signals software? We are of the opinion that this trading platform is a scam, and our staff was able to obtain some hard evidence that supports our claim.
Bitalpha AI Brokers: When we registered in order to conduct our £250 deposit test, the broker which was assigned to us was named “Coin Center”. This broker has a registered business address in Belize, which happens to be the preferred legal jurisdiction for professional con artists and tax evaders.
This unlicensed broker, together with the complaints we received made our decision to blacklist Bitalpha AI very easy. We were also able to find our that the people who are responsible for coordinating this fake app are affiliate networks and media agencies. All of this information is presented to our readers in a very clear and transparent manner. After reading our Bitalpha AI review, we are convinced that you will understand just how deceptive this bogus signals app is and refrain from joining.
Official Bitalpha AI Website, Login Page, and Members Area: Currently there are 4 (Four) websites claiming to be the “official app”. They are all scam without any exception.
- 1 Scam Evidence
- 2 Bitalpha AI Fake Testimonials
- 3 Fake Bitalpha AI Reviews
- 4 Bitalpha AI Fake News
- 5 What is Bitalpha AI And How Does It Work?
- 6 Bitalpha AI Review. A Genuine Trading Opportunity Or Scam App?
- 7 Bitalpha AI Special Features And Perceived Benefits
- 8 Strategies, Signals, And Indicators
- 9 Mobile-Friendly Test
- 10 Security And Safety
- 11 Bonuses And Incentives
- 12 Is Bitalpha AI Compatible With Any Crypto Exchange?
- 13 Bitalpha AI Cashier FAQ (Deposits and Withdrawals)
- 14 Regulation. Is The Bitalpha AI Trading App Legal?
- 15 Hidden Fees
- 16 Tax-Related Questions
- 17 Tested Alternatives That Deliver
- 18 The Verdict! Bitalpha AI Is a Scam, No Doubt!
Please take a look at the image below. You will see a screenshot we took of the Bitalpha AI main website and registration area. A quick look reveals that this is a template which is used by many other schemes of a similar nature.
As anyone can see very clearly, this template has been recycled and slightly modified according to specific marketing requirements. It was used in a previous get-rich-quick scheme we exposed here previously.
Bitalpha AI Fake Testimonials
Do these faces look familiar to you? If so then you are not a stranger to online trading. The entire Bitalpha AI testimonial section is recycled and totally fabricated as you can see right here in our review.
Fake Bitalpha AI Reviews
ScamCryptoRobots.com is first to expose the Bitalpha AI scam. We did find a few fake reviews that were published and know that more will pop up on the search engines very soon. Furthermore, it seems we now have a following and for that reason expect other websites to follow our lead and try to grab your attention.
Pro Tip: Some trading systems are good, but most are not. Any website that only writes positive product reviews is definitely not a reliable source of information.
They do so by mimicking our articles and in that way peddle some their shady services like wealth recovery companies that demand money upfront but never guarantee results.
Bitalpha AI Fake News
The Bitalpha AI scam just went live and is being promoted very aggressively. That means the scammers are now sending SPAM emails and promoting fake news articles like the one you see below. Now that initial testing has ended, it seems the affiliate networks are satisfied with the initial results of the campaign. That means the fake news articles have performed well and viewers respond to the advertising by pulling out their credit card and to risking their money.
We have seen a couple of fake news articles using Tesla CEO Elon Musk and Amazon Chairman Jeff Bezos. However, we know that there are more celebrities and high-profile individuals that are being used to promote these types of scams.
What is Bitalpha AI And How Does It Work?
Bitalpha AI is reportedly a scalable and highly accurate cryptocurrency trading robot. It’s supposed to trade on auto-pilot and generate profits for its members. In the sales page, it is stated that the app identifies profitable trading opportunities using intelligent AI algorithms. These algorithms supposedly scan the markets and generate winning trades.
Bitalpha AI Review. A Genuine Trading Opportunity Or Scam App?
According to the Bitalpha AI scam sales page, it is inferred that this auto-trader is totally legitimate and highly accurate. At closer inspection, we can see that these scammers are claiming that the app offers a 97.8% success rate. But we know that these are just lies designed to trap potential investors by getting to think they will generate money with this new trading system.
When we registered our account manager Robert started asking us questions. The first was if we had any experience trading, and then he started to inquire about our monthly income. We thought it was very intrusive, but we played the game simply out of curiosity. We really wanted to know what was waiting for us “on the other side” after we make our deposit.
Bitalpha AI is not a reliable or trustworthy trading app. We tested it and lost our initial investment in a matter of minutes. Please refrain from joining!
Are you are familiar with the term “reality bites”? That’s the best way to describe what was waiting for us. After funding our account we were referred to another person who was more senior. His name was Raul, and he wanted us to invest an additional €7000 which would put us on a completely “different level”. We refused to do so without receiving some type of assurances, and that was the point when Raul started to get mad and develop a passive-aggressive tone.
We felt like we were manipulated by professional con artists who knew exactly what buttons to push and how to get money out of people. It was our impression that Raul was a kind of “rock star” who was leading us by the nose and putting on a very convincing show. So that was our initial experience with Bitalpha AI and the main reason we believe it to be a scam.
Bitalpha AI Special Features And Perceived Benefits
Bitalpha AI supposedly offers access to a back staging area which allows you to test your trades and potential win rate in a risk-free manner. However, our researchers have learned that this is far from the truth and designed to mislead investors. To make matters worse, after registering one would expect to gain access to some kind of trading panel.
There is no trading panel or signals of any kind to be seen. Additionally, we were told that this trading platform generates €1,472 monthly for new members. That is another lie and even the filthy sales reps told us that they are not familiar with the app and that this type of ROI is not possible.
Strategies, Signals, And Indicators
Technical trading strategies like MACD, Pivot Point, or Donchian Channels are critical when it comes to technical analysis. Bitalpha AI does not offer access to any of these strategies. Something which is in complete contradiction to what is mentioned in all versions of the Bitalpha AI website.
Bitalpha AI is mobile-friendly and compatible with both IOS as well as Android devices. However, it’s a scam so that doesn’t really matter.
Security And Safety
Simply having a 256 RSA encryption key is not enough and does not mean the site is secure. The questions new members should be asking themselves have to do with who is processing their credit card transaction and what type of oversight does the service have? For example, what are the firewall settings and is the site compliant with basic security protocols related to malware and viruses.
If you are located in the European Union, Enisa outlines some very specific requirements for software development which include quality assurance and sustained trust issues. If you are in Australia then ACSC sets the security protocols.
Bonuses And Incentives
If someone from the Bitalpha AI sales team calls you up and tries to offer you bonuses or perks of any kind please decline them immediately. We also recommend you do so in a very clear and simple manner which can’t be misconstrued or misunderstood in any way. It’s also a smart idea to document your communications. This can be done via a phone recorder app which can be downloaded via Google Play or IOS.
We have heard one complaint from one of our members who accrued a significant balance. When she logged in to her account in order to cash out she found out that a £500 bonus was placed in her account. She tried to have it removed, but no one replied. When she attempted to make a withdrawal a message indicating she has as bonus with trading requirements was sent to her.
Is Bitalpha AI Compatible With Any Crypto Exchange?
The answer to that is a resounding NO. If you read any review or fake news article which claims it is compatible with Binance or Coinbase please refer their writers to this article and demand an explanation.
Bitalpha AI Cashier FAQ (Deposits and Withdrawals)
Customers wanting to fund their account through the Bitalpha AI app will find out that this is quite a simple task. But try making a withdrawal and see what happens. You will be deferred, delayed, and told to resend documents multiple times. This is done in order to get you to give up and move on. If these tactics don’t work then expect to see yourself locked out of your account without being able to login.
Regulation. Is The Bitalpha AI Trading App Legal?
We checked and found nothing in regards to patenting or PCI compliance documentation. There is noting in the form of a legible confidentiality of information clause. That means once the scammers get their hands on your personal data they can resell it to a third party. We also failed to see a proper disclosure agreement. Lastly, the information about risks related to trading was so small we were not able to read it.
|Bitalpha AI||Comparative Data|
|Technical Specs||No technical specifications documents are provided.|
|Anonymity Versus Transparency||This app is totally anonymous. We don't know who is behind it.|
|Licensing and Regulation||This is an illegal crypto scheme|
|Customer Service||Don't even try|
|Minimum Deposit||The usual. €/$/£250|
These scammers don’t need to hide any fees, they simply rob you blind and leave you with nothing. We were advised that in the terms and conditions sections associated with some of the Bitalpha AI brokers a withdrawal fee of $85 is mentioned. This is done to make their services more presentable or legitimate but in reality has no significance.
Please be advised that you needn’t concern yourself with paying taxes. That’s because taxes are incurred on profits or gains but not on losses. Since we have already concluded that Bitalpha AI is a losing app, you will be exempt from paying taxes. That’s a guaranteed fact you can bank on.
Tested Alternatives That Deliver
It’s not every day that we recommend a new app, but sometimes it happens. We only do so after testing the software in a very rigorous manner. If and when we notice that the software generates consistent profits we add it to our recommended systems section and make it available for our members and viewers.
The Verdict! Bitalpha AI Is a Scam, No Doubt!
We have decided to blacklist this scam trading platform in our Bitalpha AI review. Our staff was able to produce tangible and viable proof of scam and malicious foul play. We know that there is a fraudulent London-based affiliate network specializing in search engine promotions which is about to endorse this software.
We encourage you to read the facts and use a hefty dose of common sense. Should you required additional information please reach out and message us via our contact page. We typically respond within 24 hours on a regular work day.