Welcome to our Bitcoin London review and scam investigation. Bitcoin London is not just a generic term for anyone who is interested in Bitcoin and happens to reside in London. Bitcoin London is the name of a cloned automated Bitcoin Trading software and signals app which claims it can turn it’s members into millionaires practically overnight. But our viewers want to know what a “cloned” website really is. A cloned or recycled website means that scammers are using the same template in a cookie-cutter format in order to streamline their operation and rollout new scams more frequently. In this case the “Bitcoin London” template has been used in over 90 documented get-rich-quick schemes, most of which were exposed and blacklisted on ScamCryptoRobots.com.
The fraudsters that are orchestrating this elaborate scam are actually media agencies and affiliate networks. They are operating in tandem with unlicensed offshore CFD (contract for difference) brokers. When we registered to conduct our £250 deposit test, the broker which was assigned to us was named “Online Trading”, and it has a registered business address in Belize (dodgy legal jurisdiction).
Bitcoin London Complaints: The complaints we received mostly have to do with inability to withdraw existing funds, but are also related to rude and/or unprofessional behavior. We also received some grievances regarding spam email that started arriving immediately after registering for the Bitcoin London scam software.
So if you are keen on investing through the Bitcoin London automated trading app, we urge you to think twice before risking your hard-earned money. Our researchers have produced conclusive evidence of fraud and deceptive advertising practices, so take a minute to read our insightful Bitcoin London review. You can thank us afterwards by leaving a message below.
Official Bitcoin London Website, Login Page, and Members Area: Spoofed Website With No Fixed URL
Bitcoin London Scam Evidence:
Below is the Bitcoin London main website and registration area. If you take a close look you will see an image of Jake Tapper, who is the CNN Chief Political Correspondent. Above it you can see the main sales pitch which says that “Bitcoin Is Making People Rich and You Can Become The Next Millionaire”.
Here is the same guy with the same suit and tie saying the exact same thing about no banks and no fees with one exception. That being, Tapper is being proudly displayed in nine other documented fraud cases (there are many more). Any child can see that he is being used to promote identical crypto scams. The only difference is the name and design of the scheme which is being used. There are also slight deviations where content is concerned, but nothing too grand.
Why Are Scammers Cloning The Site?
This is is done because CFD brokers need to train their sales reps, and since their staff is constantly changing they need to streamline their training procedures. That is why the brokers excel in selling in certain types of schemes, and have very little success where others are concerned.
Bitcoin London Fake Testimonials
Once again, the shameless (not to mention careless) scammers are constantly using the same images for fake testimonials. We actually have to thank the con artists for making our job so easy. If they had any real sense they would at least try to cover their tracks or at minimum use different images. But no, they have to resort to their old “quick and dirty” methods. So from the bottom of our hearts, we would like to send the scammers big thank you as a token of appreciation. We can only wish you stick to the same methods of operation and in that way make it easy for us to produce evidence of scam.
Fake Bitcoin London Reviews
We have already spotted a few fake Bitcoin London reviews, and this trend will not change any time soon. Particularly disturbing is the use of review platforms such as Trustpilot, Reddit, and other forums for promotional purposes. Scammers are “piggybacking” on the reputation, recognition, and authority these platforms have been able to achieve online and using them in a parasitic and disgraceful manner to promote get-rich-quick schemes. This trend will not abate any time soon since spammers are always on the lookout for shortcuts and fast ways to grab your attention be achieving higher exposure and top spots on search engines.
Bitcoin London Fake News and Celebrity Endorsements
The use of fake celebrity endorsements is constantly on the rise, and not only when it comes to crypto scams like Bitcoin London. We are very weary of seeing fake UK Mirror and Sun websites being used to promote scams. Scammers are also using politicians and wealth-gurus for the same purpose, and apparently this type of deceptive advertising method is very effective at baiting victims.
What Is Bitcoin London and How Does It Work – Executive Overview
The Bitcoin London scam is supposed to be an automated trading software which offers it’s members access to a signals app with an accuracy level of 99.4%. Bitcoin London is also advertised as an “exclusive group” reserved for new Bitcoin Millionaires who were willing to take a risk and now enjoy the “laptop lifestyle” without having to worry about their financial affairs.
Bitcoin London Review, Award-Winning App Or Scam Signals?
The Bitcoin London scam is not a real software or trading app. It’s merely a website which is commonly referred to as a “landing page” which tries to sell you the idea that if you join and invest you can make millions and transform your life almost overnight. In reality there are no signals, indicators, strategies, or anything remotely resembling a trading panel. Conversely, viewers registering for this latest sham can expect to be called by crafty sales reps posing as legitimate brokers.
On the phone, these sales reps will try to “feel you out” and see if you are able to keep investing since that is how they make their money and commissions. It’s also important to point out that in most cases these brokers operate illegally in a boiler-room format and under the radar for obvious reasons. In the Bitcoin London sales page there is also a lot of talk about laser-accurate performance and a signals app which makes the right decision 99.4% of the time. Additionally, the scammers are using the old “time leap” sales pitch again and telling everyone that the software is faster or “ahead” of the markets by 0.01 seconds.
Our members don’t appreciate being lied to and coerced into joining these types of schemes only to find out that they have been scammed out of their money. We are also fed up with disingenuous advertising tactics and deceptive call center operators who misrepresent themselves whilst trying to push their “inhouse” systems or money-making strategies. Still, as long as the con-artists keep peddling their filth and operate in the same shameful manner, we will be here to expose them and blacklist websites like the illusive “Bitcoin London”.
Is Bitcoin London Free?
No, it isn’t. It will cost you at least £250 to get started using this bogus trading app, and sometimes the brokers will ask you for much more so they can cover their advertising and operational costs.
Duplicate Versions Of The Same Scam
Until now we have not discovered different versions of the Bitcoin London scam. However, we are sure that this will change as the scam becomes more viral and competing affiliate networks will launch their own version of Bitcoin London and say that it is the “official website”. This is done because each network wants to gain more exposure on search engine and in that way grab your attention.
Bitcoin London Review: Our Scam Checklist
We have a checklist that keeps changing and adapting according to how scammers operate. Below you can see for yourself some of the things we look at when evaluating a software.
Anonymity: How transparent is the information and who is behind it? When Bitcoin London is concerned it’s quite plain to see that it is totally anonymous and there is nobody who can take responsibility if anything goes wrong.
Patenting: There is no patenting which is pending or alternatively any patent that has been approved by any official patenting authority. That means the software is either non-existent or is not subject to patent laws of any kind. In other words, it can be some random code that looks good or no code at all.
Regulation: Bitcoin London is unregulated and unlicensed. We could not find any form of certification or legal framework for development. There is no ISO 9001 quality management protocol and there is no PCI compliance. This means the servers where the information is hosted are not subject to various compliance regulations related to privacy of information. In other words, once you enter your personal details the scammers can use it to peddle any number of products or offers they want because they are not bound by law to act in a professional or respectable (not to mention acceptable) manner.
Safety and Security: Websites like Bitcoin London eventually get blacklisted by by services like McAfee Webadvisor due to complaints related to PUP’s (potentially unwanted programs), Spam, or potential fraud. This doesn’t necessarily mean that your credit card information will be hijacked and used by con-artists, but it is disturbing none the less knowing that your personal information has been compromised.
Privacy: Privacy is becoming a huge factor these days, and corporations like Google or Amazon are constantly updating their terms and guidelines to adapt to changing regulations. But when if comes to inferior systems like Bitcoin London, there is nothing related to privacy which is addressed. In fact, the exact opposite is true! The scammers are out to exploit your personal information and start selling you a variety of other services or products you have not subscribed for.
PCI Compliance: PCI Compliance means that the credit card information you enter is encrypted according to strict security standards and stored on secure servers with firewalls or some kind of secure cloud hosting solution. If the information is not processed and stored on a secure server then customers risk having their credit card information hacked or leaked. Bitcoin London is not PCI-compliant and the crooks behind it could care less about your personal financial data.
Bitcoin London Cashier FAQ: Depositing money is very simple with the Bitcoin London scam. When you register you will be redirected to the cashier section of the broker which has been assigned to you. You will NOT be able to invest before a bent sales rep calls you and makes sure they can get you to re-invest. But try withdrawing your money and see what happens. You will have more luck trying to pull teeth out of a bear.
Other Working Alternatives
Thankfully there are other systems that have been proven to work. That’s not a small wonder given the fact that the vast majority of automated trading apps turn out to be flops designed to generate money for brokers and promoters on your account. So if you are in the market for a genuine signals app or auto-trader, we invite your to check out our recommended section.
Bitcoin London Review Summary, Conclusions, Recommendations, and Helpful Tips That Save The Day!
The Bitcoin London scam software is a complete fraud and for that reason we have decided to blacklist this bogus automated trading platform. If you are new to online trading and are shocked by what you have read then you are not alone. We receive dozens of emails each day from people who can’t believe they have been scammed by various schemes like Bitcoin London.
Sadly, this will not stop or even abate any time soon. For that reason we recommend you do your research and only choose systems which have been recommended by professional review websites from the cryptocurrency or finance niche. If you have any additional questions or would like more information in regards to Bitcoin London, please reach out and message us through our contact page or social media.