Fact CheckedLast Updated on January 1, 2023 by Stephan Lindburg
Welcome to our Bitcoin Buyer review and scam investigation. Bitcoin Buyer is not just a generic combination of two words which are commonly used to express intent of selling or purchasing Bitcoin. Bitcoin Buyer is advertised as an automated trading app and exclusive community of new Bitcoin millionaires. But our members want to know the truth, and have asked us if Bitcoin Buyer is scam or legit trading platform? We sniffed around and found out the hard facts. Our conclusions are clear, precise, and spot on. The fraudulent Bitcoin Buyer auto-trading software is a blacklisted crypto-scam and elusive get-rich-quick scheme. Unsurprisingly, it also happens to be a cloned website as we shall prove!
Bitcoin Buyer Review: Scam Brokers: The thieves who are responsible for orchestrating this farce are unlicensed offshore CFD (contract for difference) brokers. These brokers are collaborating with a variety of affiliate networks and media agencies that specialize in promoting crypto scams. When we registered to conduct our £/€250 deposit test, the broker that was allocated to us was named “Coin Invest”. This broker has a registered business address in the Cayman Islands, a dodgy legal jurisdiction which has become synonymous with the words “tax shelter”.
Official Bitcoin Buyer Website, Login Page, and Members Area: Currently there are three (3) websites, and they all claim to be the “official” one.
Scam Evidence
Check out the screenshot we have attached below. In it, you can clearly see an image of a well-known CNN news anchorman. We would also like you to take a look at the studio where the news presenter is situated, as well as the little news ticker and logos which can be seen at the lower section of the frame.
Now take a look over here. You can clearly see that same exact news presenter talking about the exact same rubbish, only in this time he is being used in 6 other documented scams. Trust us when we say that there are many more cases where this sales video is used, but there are so many images that can fit into one screenshot.
Bitcoin Buyer Scam. Duplicate Versions of The Same Scheme
Greedy affiliate networks based in India, The United Kingdom, and Germany, have latched on to the Bitcoin Buyer scam and are aggressively promoting it on search engines. That is why you will see different formats of the same scam. These networks are competing against each-other for exposure on Google or Bing, and that is why you will see different websites claiming to be the “official Bitcoin Buyer website”. Irrespective of their design or logo, all of these website without any exception are scams and designed to bait unsuspecting victims looking to cash in on a genuine signals software.
Bitcoin Buyer Fake Testimonials
Below you can see some fake Bitcoin Buyer testimonials we found. These testimonials are created by spammers who are abusing review platforms, social networks, and forums such Reddit to promote their scams. We found the content created by the spammers to be completely detached from reality and in many ways even gullible. Anyone who has traded or communicated with traders on the most basic level knows that they don’t speak this way. People providing testimonials don’t “assure” anyone of anything, the only ones who do that are con artists. So in this particular scenario it is very simple to spot.
To prove just how easily fake testimonials can be purchased, simply go to Google and search for “buy Trustpilot reviews”. We did, and the image above is a screenshot of services who will gladly provide this service for you. It took us about 5 seconds to find them.
Fake Bitcoin Buyer Reviews. How Low Can You Go?
Here we have a website which refers to itself as a “trusted” service. The owners of this site are openly endorsing an obvious crypto scam, and shamelessly advising it’s followers and subscribers to join this service. In fact, they are even giving the Bitcoin Buyer scam a rating of 4.6 out of 5 and saying that it has a “90 percent success rate”.
Bitcoin Buyer Fake News
Fake celebrity endorsements are extremely popular with scammers these days, so don’t be surprised if you happen to stumble upon a fake news-like advertisement where you see a certain celebrity or high-profile individual ranting about how much money they have generated using this miraculous new software named “Bitcoin Buyer”.
Scammers love to use fake celebrity endorsements because most people tend to believe them, and in that sense using this type of marketing technique is very effective (not to mention deceptive). But scammers don’t care about ethical business practices, they just want to fleece your wallet as fast as they possibly can and move on to the next victim.
What Is Bitcoin Buyer and How Does It Work?
Bitcoin Buyer is advertised as a ‘groundbreaking” automated trading software which uses encrypted algorithmic protocols in order to execute successful trades. In reality Bitcoin Buyer is nothing more than a cloned website which has been duplicated by competing affiliate networks. Some websites will offer you a fraudulent white-label signals dashboard, whilst others will not offer you a software at all.
In all cases the software will not work or alternatively execute losing trades by design. That is because the brokers’ monetary gain is your loss, hence the conflict of interest.
Bitcoin Buyer Review, Worth Risking £/€/$250 Or Is It A Scam App?
Some websites will have you believe that the Bitcoin Buyer software offers many perks as well as a high payout percentage. The truth is that the financial markets are non-forgiving, and after taking the bogus Bitcoin Buyer trading app for a test-drive, we can assure you that if you invest using this system you will end up losing your money.
Whilst losing your initial investment may be a painful lesson, it is nothing compared to the suffering and financial distress you will have to undergo if you listen to the sleazy sales agents who will constantly try to call, badger, and sweet-talk anyone who was misfortunate enough to fund a live trading account. Their intent is simple; to try and get you to invest more money so they could keep funding their dirty operation and in that way line their coffers with stolen money.
Bitcoin Buyer Signals Dashboard, Settings, Strategies, and Indicators
In most cast members registering for Bitcoin Buyer will not gain access to any type of trading dashboard. Therefore, it is not necessary to talk about settings, strategies, or indicators such as MACD or Stochastics. One website does offer access to a user interface, however it is a “cookie-cutter” type of web application which is used in conjunction with hundreds of other scams. The only thing which changes is the logo and URL, everything else is the same.
Bitcoin Buyer Demo Versus Live Trading
With the exception of that one website we mentioned there is no demo mode. Furthermore, when demo is offered it is set on “win” mode, but this changes immediately when members fund their account and start trading live.
Bitcoin Buyer Scam: Amateur Traders Targeted!
Amateur traders are deliberately and systematically being targeted by the cheaters who are orchestrating the Bitcoin Buyer scam. This is because more experienced or educated traders will never join this type of scheme. They already know the truth about how these fake systems work, and will never risk their money.
Is Bitcoin Buyer Free?
Far from it! Gaining access to the Bitcoin Buyer app will cost you at least $/£/€250. This money will be charged to your credit card by rogue offshore CFD brokers with connections to dirty processing companies in countries like Georgia or Slovenia.
Bitcoin Buyer Cashier FAQ (Deposits And Withdrawals)
Every customer wants to know if it is easy to fund your Bitcoin Buyer trading account. The truth is that sometimes its very simple, and other times you will need to answer some questions and possibly fill out some forms. Either way, it’s very easy to fund your account but try cashing out and see what happens. We tried it and started to get bounced around from one department to another.
The aim of the scammers who do this is to get you to give up and forget about cashing out. That is how con-artist operate and if you happen to find yourself in such a predicament, chances are you can kiss your money goodbye.
Customer Support
The Bitcoin Buyer customer service staff is basically non-existent. We tried reaching our a few times via email but received no response. Reputable operations invest heavily in customer support since they understand its value, but this is definitely not the case.
Is Bitcoin Buyer a Mobile-Friendly App?
It is. The web-based application does not require anything to be downloaded or installed. Its available on IOS as well as Android devices, but that doesn’t exclude it from being a scam!
How Much Money Can You Make With Bitcoin Buyer?
Zero! You can only lose money with Bitcoin Buyer, there is no way to actually make or generate money using this cloned app.
Is My Personal Information Safe?
Well, you will most likely get spammed and receive a ton of promotional emails, text messages, and/or phone calls. However, we don’t believe you will be subject to malware infections or bot/Trojan Horse injections. This can happen sometimes, however we have not seen any indication that PUP activity (potentially unwanted programs) is associated with Bitcoin Buyer.
What Are CFDs?
CFD’s or Contracts for Difference are derivatives or complex financial instruments that operate much the same way as Forex pairs do. However, CFDs have a more diverse assets index. In other words, as opposed to Forex, you can also trade indices, shares, commodities, and cryptocurrencies. The biggest problem with scams such as Bitcoin Buyer, has to do with the fact that there is very little if any mention of risk. The only thing which is mentioned is the perceived benefit, and that’s very dangerous for new or amateur traders who can manipulated with relative ease.
Bitcoin Buyer Review Regulation Check – Is This Trading Platform Legal?
When we examine the legal aspects of a new software we usually search for patenting information, ISO software certification, regulatory notices or alerts by various financial watchdogs like the FCA or BaFin in Germany, PCI compliance, and other aspects related to privacy of information and security of financial data.
Bitcoin Buyer fails on every possible front, and for that reason we are absolutely convinced that it is an illegal trading platform and the people behind it could care less about the legality of this bogus trading app. In fact, it has even been blacklisted by the FSMA in Belgium and branded as a “fraudulent online trading platform” and “suspicious site” (see image above).
Is Bitcoin Buyer Compatible With Bitcoin Exchanges?
No, this service is not compatible with any Bitcoin Exchange such as Coinbase or Binance. Anyone saying the opposite has an alternative agenda and obviously trying to deceive you.
Can Bitcoin Buyer Be Used For Mining?
Again, this software can’t be used for mining cryptocurrencies, and has nothing to do with Bitcoin mining or hash rate performance. Bitcoin Buyer is simply a cloned website with a recycled sales pitch that’s being very heavily promoted.
Tested Alternatives That Work
OK so if you made it here you understand that Bitcoin Buyer is a scam. But is there something out there that does work? Well, in fact there are very few systems that actually manage to perform consistently. After we invest with our own money and test them, we add them to our recommended section on a provisional basis. The section changes constantly based on the performance of the software on any given day. So go ahead, check it out!
Bitcoin Buyer Review Summary, Conclusions, and Recommendations
The Bitcoin Buyer scam is a blacklisted automated trading app – period! Anyone trying to argue otherwise is deliberately trying to mislead you. As we have already proven, the masterminds behind this dubious auto-trader are affiliate networks headed by industry charlatans with a strong background in boiler-room sales tactics and misleading advertising. If you were unlucky enough to fund a trading account using Bitcoin Buyer, please refrain from re-investing and try asking for your money back. If you believe our evaluation to be inaccurate or lacking in any way, please leave a message below and ask for additional clarifications. We can also be contacted via our contact page and social media.
