Welcome to our Bitcoin Prime Review. Allow us to start off by saying that if you are searching the internet for a review about a digital wallet and pier-to-pier cryptocurrency solution named Bitcoin Prime or an exchange named PrimeXBT, then this is article will not provide you with the information you are looking for. However, if you are searching for an honest review about an automated Bitcoin Trading software by Steve McKay, then you have certainly reached the correct website.
So let’s not beat around the bush and immediately say that we have reached the conclusion that the the Bitcoin Prime scam is an exact replica of the old Bitcoin Code scheme which we already exposed on our site. So if you saw some fake news article or fake review endorsing Bitcoin Prime and are currently asking yourself is the Bitcoin Prime app and automated trading platform legit? The answer is a resounding “NO” as we shall prove in our investigation.
It’s also worth pointing out that our Bitcoin Prime review was prompted by complaints which we received. These complaints can be classified into two types. The first has to do with the fact that there is no software at all, and the second type has to do with inability to withdraw existing funds. In other words, the Bitcoin Prime scam is another get-rich-quick scheme which is promoted just like other systems. To explain, the affiliate networks and media agencies are responsible for attracting paying clients, and the brokers which receive them pay the promoters referral fees. This type of compensation method is usually referred to as a revenue share model, and it is widely used in the Forex and gambling niches.
When we registered to conduct our €250 deposit test, the broker which was assigned to us was called “online trading”, and it has a registered business address in St Vincent and the Grenadines (shady legal jurisdiction). This broker is unlicensed to provide ancillary services and administer financial portfolios on behalf of clients. We have decided to expose this latest sham as well as the crooks behind it by providing viable proof of scam which leaves no room for misinterpretation or misunderstanding of the facts. So before you risk your hard-earned money and invest with Bitcoin Prime, we recommend you check out our independent Bitcoin Prime review.
Official Website, Login Page, and Members Area: There are multiple Bitcoin Prime websites, and they all claim to be the “official” one.
Below you can see a screenshot of the Bitcoin Prime main registration area. Please take a look at the sales video and the section where it says “in the past 90 days…”. We would also like you to read the section where it says “ride the wave of Bitcoin and Earn a Guaranteed $13,000 in Exactly 24 Hours”.
And here we have the original version of the Bitcoin Code main registration area. As you can see Bitcoin Prime has been totally duplicated and copied in the most obvious and careless manner.
And here is the famous Steve McKay. The scammers didn’t bother switching the persona who is supposed to be behind the scheme, and left it exactly the way it is. Suffice it to say, McKay is not a real person and scammers are using this made-up identity to promote a fraudulent trading software because they believe it will make the story seem more believable.
We have added a side-by-side image for comparative purposes so you can see exactly how the scammers are operating. They just switched the text, logo, and voila. A new auto-trader is ready to go!
Bitcoin Prime Fake Testimonials
Alright so here we have the Bitcoin Prime testimonial section. Its very simple to see that none of these testimonials are genuine. This whole section has been ripped off and plastered “as is”. This is also very clear to see in the image below.
And here we have the famous banjoman15 who will say pretty much anything for a measly $5. This time hi is saying that he “made an incredible amount of money in just 24 hours”. The same is true for the rest of the video testimonials, you will have to take our word for it.
Fake Bitcoin Prime Reviews
Here we have a screenshot taken from a very well-known industry website specializing in cryptocurrencies and financial trading. You can clearly see they are saying Bitcoin Prime is “safe and reliable”, and has a “success rate of almost 90%” (which is insane).
We have a zero tolerance approach whenever fake reviews are concerned, because we believe that this is the ultimate act of betrayal so to say. A professional reviews website must provide factual and authentic reviews, and when this “contract” is violated many uneducated customers start to invest and lose their money very quickly.
Bitcoin Prime Fake News
Fake news campaigns are very common with scammers who try to bait unsuspecting victims. In many cases viewers will be exposed to fake advertorial-style news stories about a certain celebrity who has taken advantage of a “wealth loophole” and is now generating massive amounts of money.
Scammers usually stick to the same celebrities for some reason, and these include names like Richard Branson, Martin Lewis, Bear Grylls, This Morning with Holly Willoughby and Phillip Schofield, Harry and Meghan, Elon Musk, and many more. This time they have chosen to latch on to Jeff Bezos CEO of Amazon and until recently considered to be the richest man in the world according to Forbes magazine. If you want to know why simply look at the image below and all the dots will connect for you.
Who Is Steve Mckay?
Steve McKay is marketed as “the genius behind” Bitcoin Prime. According to the story, he developed a trading software for a big firm which generated tons of money for his company’s rich clients. So he decided to take it for himself and now he is offering it to a few beta testers who wish to take advantage of this opportunity before its too late. In reality these are all lies designed to make the service seem more credible. Some websites say McKay is a scammer, but that is nonsense because he is a completely fictional character which does not even exist.
What Is Bitcoin Prime And How Does It Work?
Bitcoin Prime is advertised as an automated trading software which enables you to make a “guaranteed” sum of $13,000 during your first 24 hours of trading. The software is supposed to use some type of algorithms which trade on auto-pilot. These are all lies as we have already proven.
Bitcoin Prime Scam Signals
There are no signals or any kind of trading dashboard. This is a simple and direct registration to the broker CRM through an REST API integration. We tried through multiple Bitcoin Prime websites (there are three that claim to be the official ones), and not even one offered any kind of dashboard or for that matter anything that even resembles a signals setup.
Bitcoin Prime Review, It’s A Scam – Period!
The Bitcoin Prime scam sales video is antiquated and based on the old binary options version and “hard sell” approach. This makes total sense since Bitcoin Code was launched when Binary Options were on the decline and Bitcoin started to take off. So, to make a long story short the scammers who are using Bitcoin Prime have designed a logo which looks like a very common household brand that offers an Internet video on demand service.
This is done in order to throw your scent off and create something anyone could grasp intuitively and relate to. But this is a farce and destined to fail since there is absolutely nothing in common with that service and the fraudulent software which is being peddled here by thieving con artists.
The trading robot which is used by the Bitcoin Prime platform is supposed to scan the financial markets using super-fast algorithms which identify entry signals in order to facilitate a buy or sell order at optimal market rates. It is stated that the bot buys crypto at a low rate and sells when markets are high. The scammers would have you believe that this is how the app generates profits for its investors. Again, these are all tall tales designed to mislead victims.
There are no market surveys or “technical analysis” of any kind. The opening and closing of trades must be done manually by the trader and this definitely involves risk, something no one ever talks about in all the fake reviews and hyped up testimonials we have seen. We have also identified no less than eight (8) different versions of the Bitcoin Prime software and added a relevant screenshot as a point of reference for you above. Please note that whilst the various formats may differ in style and design, they are all confirmed scams as we have already proven.
Bitcoin Prime Is Not Related To Any Cryptocurrency Exchange Or Mining Networks (Fact-Checked)
Some sites would have you chase a red herring by trying to convince you that Bitcoin Prime is somehow connected to or generates profit for its members by allowing them to mine cryptocurrencies and then trade them at exchanges for higher profit margins. That is merely another lie designed to mislead victims, and unfortunately the scammers are very successful at doing so.
Is Bitcoin Prime Mobile- Friendly?
Some of our members inquired about this so yes, there is an app which can be installed via Google Play as well as IOS. But as can be expected bot the website as well as the app are fraud and not to be used in any way. To be quite honest we don’t understand how Google is letting these scammers showcase fraudulent software, but at least the reviews they are getting are horrific.
Bitcoin Prime Customer Support
When we conducted our deposit test it became quite evident to us that the level of customer support is pretty much non-existent. We sent 3 emails through the contact forms which are located at the “contact us” sections in the different versions of the Bitcoin Prime websites. In all cases the emails bounced and we never received any type of answers to our questions. We recommend you try emailing the support staff yourself before joining a software, just to see if the email works. Of course, if the contact forms don’t work, or alternatively you don’t receive a proper response simply stop whatever you are doing and move on.
Bitcoin Prime Deposits and Withdrawals (Cashier FAQ)
Depositing will be very easy and in most cases you will be automatically redirected to the cashier. Depending on what country you are from, you may be required to answer the phone before being allowed to invest. That is because brokers have certain policies in place which are designed to make sure they can keep calling their victims and get more money out of them. Members who have tried to withdraw their money were usually deferred or made to wait for extended periods of time. This practice is very common with scammers and done in order to get victims to give up and accept the fact that their money is gone.
Bitcoin Prime Regulation Check
There is practically no discussion or mention about the legality of this latest ruse. This is because Bitcoin Prime is completely void of any patents and not required to operate according to regulatory guidelines. We have checked thoroughly and found out that this software is totally anonymous, and therefore unreliable. If you are in the UK searching for a genuine Bitcoin Prime review, we encourage you to inquire with the FCA website about trading CFDs.
If you are located in the European Union, you should be aware that the FSMA in Belgium as well as ConSob in Italy have both blacklisted Bitcoin Prime and have branded it as an “investment fraud”. We have added screenshots of this for you above as a point of reference and are expecting additional warnings from the ASIC in Australia, the FMA in New Zealand, and CSA in Canada.
Bitcoin Prime Tax-Related Questions
We constantly receive questions about how much taxes have to be paid after cashing out all this money. The answer is simple. You will not have to pay any taxes because you will have no income to declare. The ones who need to pay the taxes are the offshore brokers who are stealing your money, but don’t worry about them. They have their lawyers and accountants who help them launder their money.
Is It Free?
Absolutely not. It will cost at least €/£250 to get started, and that money will be charged to your credit card by the thieving broker which has been allocated to you.
Trending Viral Scams
The one we have received the most complaints complaints about is Immediate Edge. However, there are others as you may very well guess.
What Are CFD’s Compared To Forex?
CFD’s or contracts for difference are in effect derivatives which can be purchased or sold based on an underlying asset. As opposed to Forex where you can only trade currency pairs such as BTCUSD, CFD’s allow you to trade indices, stock, commodities and even bonds.
Tested Systems That Work
Our staff constantly surveys the market and checks new systems which are launched. Once we find a system that has potential we test it. If it generates consistent profits we add it to our recommended section. So feel free to check it out.
Bitcoin Prime Review, Summary, and Conclusions
The Bitcoin Prime scam software and fake automated trading app is rightfully blacklisted in our detailed review and investigation. This is obviously a cheap imitation and clone of the old Bitcoin Code scam as we have already proven. Sadly, we have proven that there are no indicators, special strategies, or secret methods that will transform you into a wealthy person overnight. If you feel differently or alternatively would like to voice a different opinion in regards to this farcical piece of trash, we encourage you to contact us via our contact page or through our social media.