Last Updated on January 5, 2022 by Stephan Lindburg
Bitcoin Profit Way Review and Scam Investigation.
The newly-launched Bitcoin Profit Way cryptocurrency trading robot is advertised as a “fast and effective way to get rich”. If you dig in a bit deeper you will also read about about an advanced algorithm-powered software and investment platform which has made a multitude of opportunity-seekers “financially free”. But is that really the truth, or is Bitcoin Profit Way another nefarious get-rich-quick scheme and blacklisted auto-trading app? Well, we are guessing you really want Bitcoin Profit Way to be a genuine auto-trader but unfortunately we shall have to be the bearers of bad news today.
Bitcoin Profit Way is a fraudulent software and blacklisted get-rich-quick crypto scheme. It also happens to be partially cloned, and much of the content is copied from other scams we have exposed previously here on our site. It’s also worth stating that initially we received complaints about the Bitcoin Profit Way scam after some of our members tried to withdraw their money and were met with resistance on the broker side. This fact, coupled with some other disturbing pieces of information which we happened to obtain has led us to the realization that Bitcoin Profit Way is not a trustworthy trading software.
Bitcoin Profit Way Scam (Broker Check): The people who are responsible for orchestrating this dubious scheme are offshore CFD (contract for difference) brokers, who are using the services of certain affiliate networks in order to insulate themselves from lawsuits related to false or misleading advertising. When we registered to conduct our $/£/€250 deposit test, the broker which was assigned to us was named “Bit Invest”. This broker has a registered business address in Seychelles, a dodgy legal jurisdiction which is often used by dummy corporations as a tax shelter.
So if you are interested in investing with this fraudulent trading app, we strongly suggest you read our revealing Bitcoin Profit Way review. Our researchers we able to retrieve some vital information which sheds much-needed light on this latest farce. We have taken the time to put together some very convincing arguments, and as a result exposed the charlatans and shady promoters who are deliberately trying to bait you. Their sole intention is to get you to invest through the Bitcoin Profit Way platform and in that way defraud you and fleece your wallet.
Official Website, Login Page, and Members Area: bitcoinprofitsway(dot)com
Below you can see the Bitcoin Profit Way main website and registration area. Please look at the section where they say it is a “fast and effective way to get rich”. This type of content is a textbook example of a scam sales pitch and how con artists try to bait their target audience.
Bitcoin Profit Way Scam: Fake Testimonials
Here we have the Bitcoin Profit Way testimonials section. A quick look will reveal what we already knew from the start. All the testimonials are completely forged and the images are taken from various websites as you can see in the screenshot we have embedded for you.
Bitcoin Profit Way Scam Copied Website
Scammers copy each other. This is a fact and it is done for a variety of reasons, but primarily it’s done in order to cut down on marketing costs and rollout new websites in a fast and more streamlined manner. In this case the creators of Bitcoin Profit Way copied content from a very well-known scam we exposed here on our website previously (see image below). What they don’t know, (and probably don’t really care about) is that the content was already recycled from older websites which try to sell you the same rubbish. We have attached proof of this for you in a side-by-side format so you can see exactly how they are duplicating their website’s phony services.
Fake Bitcoin Profit Way Reviews
Currently there are no Bitcoin Profit Way reviews at all (neither positive nor negative). ScamCryptoRobots.com is first to expose the Bitcoin Profit Way scam. However, we are 100% convinced that there will be many fake review websites which will try to catch a ride on the media hype and marketing campaigns associated with this bogus app and try to sell you the idea that it works so they could collect their affiliate commissions.
Bitcoin Profit Way Fake News
So far what we have seen is this website popping up out of nowhere on the search pages. We have yet to spot any fake celebrity endorsements associated with this trading platform, however we are convinced that this will change very soon due to the highly manipulative nature of this offer.
What is Bitcoin Profit Way And How Does It Work?
Oddly enough, there is nothing on the Bitcoin Profit Way website which suggests how it may work. The scammers were very stingy in their choice of words and only mentioned “algorithms” and an “Online Platform” which has made many people “financially free”. So based on the information at hand, one would simply have to assume that Bitcoin Profit Way is a run-of-the-mill get rich quick scheme which uses a lot of hype and superlatives in for promotional purposes.
Bitcoin Profit Way Review, Don’t Check Your Profits Just Yet!
The Bitcoin Profit Way scam has nothing to do with Bitcoin Exchanges, mining, or any serious form of trading. Bitcoin Profit Way is simply a fraudulent trading platform and fake signals app which targets new or amateur traders who are clueless about the financial markets. Con artists are smart, and will use your lack of knowledge in order to sell you snake oil and fools gold.
The testimonial section is probably the biggest “tell” and immediately caught our attention. That’s because when you read what the so-called “members” have to say, there is nothing about the functionality of the app or relevant statistical information which allows you to gain meaningful insights in regards to how it performs. All you get is a mishmash of exaggerated sound bites designed to grab your attention and take you on a mental trip to a place where money is made at the click of a mouse and risk is never a factor to be seriously considered.
Bitcoin Profit Way Review: Signals, Settings, and Dashboard
Are you ready for a big surprise? There are no signals and no trading dashboard in most cases. One specific affiliate network uses a turnkey trading software for affiliate marketers which actually has settings and even a demo account. However, it is totally rigged and set to win on demo but lose on live money mode.
Is It Free?
No. It isn’t! Registering for this defective app will cost you at least $/£/€250, and in some cases even twice as much. That money will be charged to your Visa or Mastercard by the thieving broker which has been allocated to you.
Bitcoin Profit Way Cashier FAQ (Deposits and Withdrawals)
Making a deposit with Bitcoin Profit Way is very easy. You will need a credit card and that’s pretty much it. In many cases you will need to undergo a 3D verification process which is also referred to as “Verified By Visa” or “MasterCard Secure Code”. That means you will need to enter a Pin code or verify the transaction via SMS.
However, try making a withdrawal and see what happens. We can say with a 100% degree of confidence that you will get bounced around and made to wait for extended periods of time. That’s because these brokers are only interested in increasing your deposit amounts instead of approving your withdrawal request.
Bitcoin Profit Way Review Checklist
We have an extensive checklist which is constantly updated according to feedback we receive as well as a other key parameters. Here are just a few of them.
Bitcoin Profit Way Regulation Check
This trading platform is not licensed in any way in any country or for that matter any legal jurisdiction. There is no patent pending or any kind of ISO certification which may attest to the authenticity of the software. We looked for a possible EUPL or a copyright for digital code in Australia as well as Europe. We also check various regulator sites such as CySec, Bafin and AFN in the Netherlands. Bitcoin Profit Way is not listed or even referenced in any way on ant of these sites. Feel free to check for yourself.
Bitcoin Profit Way Malware And Spam Check
We used 3 services to conduct a malware and spam test. We found out that the PHP code is under or below the required 7.2.31 version, and therefore vulnerable to certain bugs, Trojan Horses, or injections. However, there are multiple URLS claiming to be the official Bitcoin Profit Way website and we haven’t checked all of them due to time constraints.
We tried messaging these people through the contact form on the Bitcoin Profit Way website but were not able to. Nobody wrote back and we didn’t receive any type of confirmation or ticket number that our email was received.
What Are CFDs?
CFD’s or contracts for difference are financial instruments which can be used to buy or sell contracts. CFD’s are very similar to Forex currency pairs and can be traded in the same way. However the two differ in the diversity of assets which are offered. To be specific, CFD’s can be used to trade currencies, stock, shares, commodities, and indices. The problem with schemes like Bitcoin Profit Way has to do with the fact that the main emphasis is on the proposed benefit, but there us hardly any mention of the risks which are involved.
Some Tested Alternatives
While it’s true that most systems that are launched these days turn out to be flops, once in a while there is actually one or two apps that actually have potential. Once we identify them we test them after investing our own money. After we complete the screening process and find out the the system is consistently in the money, we add it to our recommended section on a provisional basis. So go ahead, feel free to examine our recommend apps!
Bitcoin Profit Way Review Summary, Conclusions, and Recommendations
We are blacklisting the Bitcoin Profit Way scam software and fake trading app for many reasons, but first and foremost because it simply fails to generate money for its members. This is of course in stark contrast to what is stated in the Bitcoin Profit Way website and in direct contradiction to what victims believe they can gain by joining.
We emphasize the word believe because it’s only perception and has nothing to do with a realistic approach to online trading and the levels of risks associated with it. There are additional reasons that explain why we have chosen to label this service as a scam, and we have mentioned most of them in the main sections of our review. However if you feel we have misjudged or alternatively require additional information about Bitcoin Profit Way, please make sure to message us via our contact page.