Last Updated on August 14, 2022 by Stephan Lindburg
Bitcoin Profit Review, What is BTC Profit?
What is Bitcoin Profit and is it legit? If you are asking yourself this question then you must have been illegally solicited to join the fake Bitcoin Profit (AKA BTC Profit) SCAM. Let’s start with the facts, the Bitcoin Profit SCAM is fake crypto robot which has been picked up by a variety of affiliate networks and media agencies. If you think we are scared to publish the names of the culprits behind this confirmed financial scam then you would be correct, because our staff has received veiled and direct threats almost every day. However, our mandate is to shed light and expose crypto scams and get-rich-quick schemes and Bitcoin Profit is a textbook example.
BTC Profit (AKA BTC Profit Now) is advertised as a system which let’s you earn money even when markets are crashing, hence eliminating any form of risk to your investment.
We started receiving complaints about the fake Bitcoin Profit investment platform from members who claim they saw a fake news advertisement on CNN Tech where Richard Branson was seen talking about how much money he has made using this software. Unfortunately, the internet is swarming with these types of deceptive and misleading news-style advertisements, and we believe this trend will only grow. We have also seen multiple fake Bitcoin Profit reviews, and this is probably the most problematic issue we have detected.
The websites promoting this filthy scam are affiliate sites which get paid referral commission by illegal offshore brokers every time you invest. In our case it was Cryptonix Team which is owned by Wilkinson Europe LTD and have a registered business address in the United Kingdom. So don’t make the mistake of joining this program, because we have conclusive proof and verified evidence of scam and malicious foul play. Still believe the Bitcoin Profit fake signals and trading app is a legit system? In that case we highly recommend you continue reading our detailed review and hold on to your wallet because Bitcoin Profit was designed to steal your money.
Official Website, Login Page, and Members Area: There Are Multiple Bitcoin Profit websites claiming to be “official”. Scroll down for more information regarding this.
Bitcoin Profit Ongoing Weekly Updates:
- Bitcoin Profit is also being marketed now as “Profit Bitcoin” (they changed it) but its the same system.
- Customers registering for the Bitcoin Profit Scam have reported they have been allocated a broker named My Coin Banking which is an offshore broker located in Saint Vincent and the Grenadines.
- New Zealand’s FMA Warns About Bitcoin Profit claiming it is not registered as a financial service provider.
- New version of this website is being promoted as the “British Bitcoin Profit”. We have added a separate section below which elaborates about this latest development.
Proof of Scam
- 1 Proof of Scam
- 2 Bitcoin Profit Trading Dashboard Version 2022
- 3 Bitcoin Profit Fake Testimonials
- 4 Who Is Behind The Bitcoin Profit SCAM?
- 5 Bitcoin Profit Fake News – Baiting Tactics (Checked and Updated Constantly)
- 6 Fake Bitcoin Profit Reviews – There Are So Many!
- 7 What Is Bitcoin Profit And How Does It Work?
- 8 Bitcoin Profit Review, Don’t Calculate Your Profits Because You Lose Every Time! (That’s The Real Secret)
- 9 Bitcoin Profit Regulation – We Are Monitoring Regulator Warnings As Well
- 10 Bitcoin Profit: Are There Any Hidden Fees?
- 11 Some Viable Options
- 12 Bitcoin Profit Review, Summary, and Sad Conclusions
Below you will see the main sales page and registration area for the Bitcoin Profit software and trading app. The real reason it is so convincing is because of the perceived benefit. You can see for yourself that the main sales pitch is “earn millions from Bitcoin even when crypto markets are crashing”. You have to admit, its very intriguing and probably the best sales pitch our team has seen in a while (and we have seen quite a few).
Bitcoin Profit is also being advertised as the “British Bitcoin Profit”. We have added a screenshot of how the new and updated version of the website looks like. It definitely has a more polished look and uses more up-to-date news clippings, but it is a scam none the less. Our viewers have reached this website after clicking text links in the form of advertisements when searching the internet.
And right below our staff placed the Bitcoin Profit System right next to “Cryptosoft” (another fake app) for comparative analysis. It’s very plain to see that this is a replica software or type of white label solution for affiliate marketers looking to plugin to fraudulent software platform and start peddling fake apps online in order to collect commission checks.
Bitcoin Profit Trading Dashboard Version 2022
Here we have the latest and most popular version of the Bitcoin Profit signals dashboard. We have placed a screenshot of how it looks like in a side-by-side format with another system so you can see how technically savvy the scammers are. By looking at the images below as well as above, we can safely deduce that there are multiple affiliate networks promoting the Bitcoin Profit scam since we are clearly looking at two different dashboards.
Some networks offer this production-line format for the trading dashboard where the only thing that changes is the logo and/or color scheme, but everything else is the same. Just to clarify, let’s not confuse the actual website also known as front end with the fraudulent software or dashboard we are looking at below – they are not the same. Moving along, other networks don’t offer any type of dashboard at all. They simply use a plain HTML website with a registration form and tell you to “signup now and start making millions”.
It’s important to mention that all formats of the signals or auto-trading dashboard are designed to generate losses for the people who use it. So don’t let any sleazy sales rep tell you that they only use the “official” Bitcoin Profit software, that is a lie designed to alleviate your concerns and prey on your lack of knowledge in the financial markets.
Bitcoin Profit Fake Testimonials
We have seen fake testimonials before, but this is just too obvious. What we have here is a collection of Fiverr actors who are getting paid to lie and are apparently doing a fairly decent job at convincing people to signup for fraudulent trading software. See for yourself, we pasted a direct screenshot from the Bitcoin Profit website as a point of reference and right next to it the actor’s profile and acting reel. Its always shocking when you see, it don’t you agree?
Who Is Behind The Bitcoin Profit SCAM?
Transparency is not this platform’s strong side. The crooks behind this crypto scam are affiliate networks like oDigger, OfferVault, and others. These networks are the ones who get the word out and coordinate the activities with the fake Forex and CFD Brokers, and the affiliates are the ones who refer the customers to the brokers via the networks.
There is a long list of affiliate networks which are currently promoting this offer, and the couple we mentioned represent just a partial list. What does this mean? Well it means that there are networks consisting of professional marketers who are making a concerted effort to peddle this trash and convince you that there is a pot of gold at the end of the rainbow. Alas, the cat is out of the bag and we are on to their dirty tricks!
Bitcoin Profit Fake News – Baiting Tactics (Checked and Updated Constantly)
If you have seen some type of fake news advertisement or fake Bitcoin Profit reviews then you should know that you are about to enter the lion’s den and there is a whole ecosystem of marketers who are using websites, social networks, and digital news and lifestyle content portals in order to drag you down and convince you to join their program.
Right now they are using British comedian Jim Davidson to promote Bitcoin Profit as well as Conor McGregor (see below), however we have received complaints in regards to members of the Dragons’ Den cast as well as Elon Musk, Gordon Ramsay, Peter Lim, Cristiano Ronaldo, Bear Grylls, Akshay Phillips (Ruparelia), Martin Lewis, Paul McCartney, Piers Morgan, Rob Brydon, Petter Stordalen, Celeste Barber, Charlie Brake, Holly Willoughby, This Morning Show, Roberto Cavalli, Leif GW Persson, Anthony (Ant) McPartlin, Cillian Murphy, Elton John, Peter Jones, Chris Kirubi, and Richard Branson being used for promotional purposes.
If you are not careful and inquisitive, chances are you will be deceived and your money will be stolen from you by very professional con artists.
Fake Bitcoin Profit Reviews – There Are So Many!
Below we have attached screenshots of two fake review websites which are promoting the Bitcoin Profit scam very aggressively. The first is a European political website which has suddenly changed its format and content. It seems the scammers have somehow managed to get their dirty hands on this site and and decided it would be very lucrative to use it in order to promote crypto scams. The second site is actually a paid press release which is being heavily promoted by a PR company.
This press release is full of spammy affiliate links which are used to track marketing campaigns. There is also a third website which claims Bitcoin Profit uses a “multiplex method” that is supposed to be the “secret” algorithm which powers the software. This is absolute nonsense designed to bait you so please don’t believe it. We urge you to seek professional websites which specialize in the financial or cryptocurrency niche before investing. We have also identified spammers who are pushing one version of the Bitcoin Profit software on TrustPilot as well as on forums and Reddit. We have written a separate article about this and recommend you read it as well if you want to know more about this troubling trend.
What Is Bitcoin Profit And How Does It Work?
The Bitcoin Profit software is advertised as a Bitcoin System which can make you “stinking rich” and earn millions even when crypto markets are crashing. In reality it is a fake automated crypto robot designed to execute losing trades and in that way steal your money. They say there is a person named “John” and he has a beta testing group, but that is another lie so don’t believe it.
It’s also worth mentioning that despite the understandable connotation between bitcoin mining and hash rate profitability levels, the Bitcoin Profit trading app has nothing to do with either of the two. Scammers are attempting to draw a connecting line between mining and this latest ruse, but this is merely a game of words designed to create misdirection and mislead potential victims.
Bitcoin Profit Review, Don’t Calculate Your Profits Because You Lose Every Time! (That’s The Real Secret)
The Bitcoin Profit software has grown to become a viral scam, and we already explained the possible reasons for this. It’s also worth pointing out that this latest scheme is one of many which are constantly piggybacking or riding the so called “Bitcoin Wave of success”.
It’s no wonder the sales video mentions Bitcoin is worth $20,000, that was an all-time high and one never knows when or if we will see it reach those figures again. The fact remains, there is nothing genuine or legit about Bitcoin Profit, and you would be well-advised to keep your distance from this bogus trading software.
Bitcoin Profit Clones
There are at least 8 documented versions of the Bitcoin Profit scam (AKA BTC Profit). We identified some websites without the fake testimonials, and others without a sales video at all. The common denominator with all formats is the integration with scamming offshore brokers and the use of highly misleading statements or false information.
In many ways Bitcoin Profit exemplifies the ideal get-rich-quick crypto scheme. That’s why it has been around for so long and constantly being promoted by con artists.
For example, a fake signals feed which is always set on win, or various claims which are totally detached from reality and have nothing to do with the risk aspect and the fact that Bitcoin is exposed to changing market trends and fluctuates according to that. Below you can see a screenshot representing 4 of these cloned Bitcoin Profit websites. Feel free to use this image as a point of reference to see what version you have seen.
Is It Free?
Obviously it is not! Get ready to part with at least $/£/€250, and that money will be charged to your credit card by thieving (not to mention illegal) offshore brokers who could care less about your financial situation.
Bitcoin Profit Regulation – We Are Monitoring Regulator Warnings As Well
The Bitcoin profit scam has now been formally branded as a scam and get-rich-quick scheme by the New Zealand Financial Markets Authority. It specifically mentions that the scammers are using false advertising tactics on Facebook whilst using the name of Jacinda Ardern, who happens to New Zealand’s head of state.
The FMA in Austria also issued an investor warning and is advising Austrian citizens to refrain from joining this software and saying that Bitcoin Profit is “not entitled to carry out banking transactions in Austria that require a license.”
This trading platform is simply illegal. We can’t overstate how important this is. Our research shows that victims will not be entitled to investor protection under the laws of their local jurisdiction.
We also looked for various patents, PCI Compliance documentation and ISO certifications, but were not able to find any. How surprising is that?
Bitcoin Profit and Taxes
We are constantly getting questions about taxes and and how much needs to be declared. Truthfully, you won’t need to declare anything since taxes are levied on profits only. Since there is no possible way to generate any profits using this phony app, taxation is that last thing which needs to worry anyone reading this review. Conversely, you should be very worried about losing your money.
How Much Are Affiliate Networks Paying For New Bitcoin Profit Members?
Take a look below. Networks and brokers are offering $1,000 for new Bitcoin Profit depositing customers. This is an insane amount of money and it helps explain all the fake reviews and marketing campaigns designed to acquire new paying members. Please note that the only way offshore brokers can get their investment back is by getting new members to keep depositing and losing their money. We recommend you take a very good look at the image below and start asking yourself some hard questions before investing.
Bitcoin Profit: Are There Any Hidden Fees?
We received a few queries about possible hidden fees associated with the Bitcoin Profit scam so we would like to address this issue. Customers who choose to invest using this service should not concern themselves with fees. That’s because fees are deducted from your balance, and you will not be able to accrue a balance since you will only be losing money and not generating any. So in essence, this question is not really relevant if you choose to invest.
Still Trust The Bitcoin Profit SCAM?
Bitcoin Profit can be very convincing, we know this to be a fact so we are not angry if you take the bait and actually invest. We do however caution you to at least start asking difficult questions, specifically about cashing out and how come its so easy to generate money using this software. If you are not satisfied with the answers you get then your skepticism is well-founded. Hightail it immediately and thank the almighty for saving you.
Some Viable Options
Factoid: The vast majority of systems being launched these days are worthless apps designed to drain your money and wipe out your bank account. Still, once in a blue moon a system is launched which actually works. So if you are waiting for the right opportunity, it might as well be now. Oh, yes in case you wondered we test these systems profusely before recommending them.
Bitcoin Profit Review, Summary, and Sad Conclusions
Obviously we are categorically labeling the Bitcoin Profit scam software (not to be confused with Crypto Profit) as a blacklisted get-rich-quick scheme and advising our members to refrain from joining this piece of trash auto-trader. Our evidence and findings are backed up with documented facts which have been cross-checked and validated by real people who complained about getting scammed. Obviously we can’t publish personal information which was provided to us by traders who got scammed, but leave a message below if you want to speak with the victims.
You should know that their stories are extremely alarming and we even started crying when we chatted with a pensioner from Manchester UK who is now penniless and can’t afford to buy medicine. So to finalize, please avoid the Bitcoin Profit scam and seek alternative investment opportunities. We can always be reached via our YouTube Channel or Facebook Group.