Last Updated on September 3, 2023 by Stephan Lindburg
Today we will review a new cryptocurrency trading robot named Bitcoin Sprint. Some of our viewers contacted us and asked if Bitcoin Sprint is scam or legit. That’s why we decided to conduct a full review and investigation of this latest trading app. Bitcoin Sprint (not to be associated with The Sprint Token or TST), is advertised as a semi-autonomous trading robot with advanced predictive analysis capabilities designed to facilitate buy and sell orders seamlessly. Unfortunately, Bitcoin Sprint is a scam. This is particularly evident when comparing it to reputable trading apps which can be found in our recommended section.
It’s a well-known fact that the use of trading bots carries significant risk which often leads to loss funds. Victims choosing to invest through fraudulent trading platforms like Bitcoin Sprint never get their initial investment back or generate profits. In fact, complaints we received indicate with a high degree of certainty that additional investments are required in order to qualify for withdrawals. This is a well-known and extremely sleazy scam tactic which is commonly used by unregulated CFD brokers.
Bitcoin Sprint Broker Check: We registered in order to conduct our $250 broker check. The broker which was allocated to us was named “Coin Vista”. It seems Coin Vista is not licensed by any legal authority as a financial service or brokerage. That means new customers being funneled into this scheme are exposed in more ways they can imagine. That’s because this broker is not bound by and law to conduct their business in a transparent or professional manner.
The Masterminds: The thieves orchestrating this latest get-rich-quick scheme are affiliate networks based in Europe and the Middle East. They actually messaged us and tried to have us endorse their thieving software. However, we immediately declined their offer and asked them to refrain from messaging us again.
The Bottom Line: The Bitcoin Sprint scam software is not a trustworthy trading app. This fraudulent signals platform is totally rigged and set to lose. For that reason we have decided to blacklist this scheme and advise our readers to avoid it. That being said, if you are looking for a more in-depth analysis we recommend you continue reading our Bitcoin Sprint review.
Official Bitcoin Sprint Website, Login Page, and Registration Area: There are currently four (4) websites claiming to be the official app. All of them are blacklisted.
- 1 Scam Evidence:
- 2 Fake Bitcoin Sprint Reviews
- 3 Bitcoin Sprint Fake News
- 4 What Is Bitcoin Sprint, Who Is Behind It, And How Does It Work?
- 5 Bitcoin Sprint Review: Is This New Trading Platform Trustworthy Or Not?
- 6 Our $250 Deposit Test: How Does Bitcoin Sprint Perform And Is It Worth It?
- 7 Testing Methodologies
- 8 What Other Review Sites Have To Say
- 9 Backtesting And Strategies
- 10 Bitcoin Sprint Pros And Cons
- 11 Regulation and Patenting
- 12 Confidentiality: Is Your Personal Information Stored Safely?
- 13 Security-Related Aspects
- 14 Bitcoin Sprint: Nothing To Write Home About
- 15 Bitcoin Sprint Leverage
- 16 Is This App Compatible With Any Of The Exchanges?
- 17 Can I Use Bitcoin Sprint For Mining Purposes?
- 18 CFD Versus Arbitrage Bots
- 19 Bitcoin Sprint Deposits And Withdrawals
- 20 Bitcoin Sprint On Trustpilot, Reddit, and Other Forums
- 21 Bonus Plans And Incentives
- 22 Bitcoin Sprint FAQ
- 23 Taxes Related To Bitcoin Sprint
- 24 A Few Working Alternatives
- 25 Bitcoin Sprint: The Verdict
Here we can see the primary sales page and registration form for the Bitcoin Sprint trading app. If you take a look at the person in the presentation you may recognize him. His name is Jake Tapper and he is a very well-known journalist who is employed by CNN.
Now, if you take a look over here you will see that this person is being used in a similar manner to promote identical schemes. In fact, con-artists are using the Jake Tapper video in a copy/paste manner in order to roll out new scams periodically.
Fake Bitcoin Sprint Reviews
Below you can see at least one fake Bitcoin Sprint review. This article was posted on a website which belongs to an affiliate network specializing in search engine promotions. These cheaters are giving Bitcoin Sprint a rating of 4.3 out of 5. We know for a fact that this website receives huge commission checks for referring paying clients. Hence the conflict of interest and the reasons victims get scammed.
Bitcoin Sprint Fake News
We have spotted at least one fake news article targeting French, Swiss, and Belgian citizens. This time the scammers are using Amazon Chairman Jeff Bezos in order to promote their fraudulent software. It’s quite easy to see that in the image below our researchers were able to obtain.
Additional celebrities that are commonly associated with scams are Tesla CEO Elon Musk, Richard Branson, Peter Jones, Deborah Meaden, Martin Lewis, Peter Forsberg, Welmoed Sijtsma, and Carrie Bickmore.
What Is Bitcoin Sprint, Who Is Behind It, And How Does It Work?
Bitcoin Sprint is reportedly a semi-automated trading app. Semi-automated means that the app chooses which contracts to buy or sell, but the user has to approve the trade. There is no information in regards to the person who is behind it or what their qualifications are.
Bitcoin Sprint Review: Is This New Trading Platform Trustworthy Or Not?
The puppet masters pulling the strings behind scenes have taken it to the next level of fraud and deceptive activity. After we completed our registration we were referred to a kind of “trading university” website. The phone call we received was from an account manager named Markus Benton, and he insisted that the university site is a part of Coin Vista. This all seemed to be very fishy to us, so we inquired a bit more.
After we checked it became apparent to us that our number was passed around to a third party. We were asked to invest $5,000 in order to access the Gold Club and gain access to advanced trading automation tools. For us, this type of behavior is highly indicative of a scam. To explain, when account managers ask you to top up your account without letting you enjoy some type of ROI on your initial investment you are walking into a trap.
To make matters worse, when our account manager got us on the phone and realized that we would not budge he literally told us our details will be passed on to third parties. From that moment and onwards we started receiving phone calls from gambling and business opportunity websites. One of them even started laughing at us on the phone when we told them to stop calling. Yes, it was that bad!
Finally, our email box got spammed with dozens of emails about all kinds of crypto trading apps and make money systems. This did not surprise us in the least bit since we have previously experienced this type of deceptive marketing tactic in similar situations.
Our $250 Deposit Test: How Does Bitcoin Sprint Perform And Is It Worth It?
As you may have already guessed, Bitcoin Sprint does not really perform well at all. In fact, there isn’t really a trading software in the first place so for all intents and purposes there’s nothing to test. That being said, we still had to go through the deposit and activation cycle in order to reach fact-based conclusions.
Another unpleasant experience we went through had to do with the customer service which was utterly reprehensible (not to mention demeaning). During the few times we reached out and tried to contact the Bitcoin Sprint customer support we were simply referred to the cashier and instructed to keep depositing.
We use advanced research methods in order to reach empirically-sound conclusions. Once we have collected the information we organize it in charts. That is done so our viewers can gain access to well-researched and legible information that actually helps them make a decision.
|The Money Trail
|Who is really profiting at the end?
|Cross-check and verify the information.
|Deploy testing environments.
|Is the software licensed and patented?
|What are the deposits and withdrawal options?
We have added a little table above for you so you can see exactly how we conduct our tests. This is done for reasons related to transparency and clarity of information.
What Other Review Sites Have To Say
OK so here are a few excerpts taken from other review websites. It seems that they are fully endorsing this fake app, and would like you to join so they could collect their affiliate commissions.
- A popular trading platform designed for new as well as more experienced traders wanting to enter the financial markets.
- This highly accurate signals app with has a truly impressive track record.
- Here’s a new and popular trading system which offers a 99.6% win ratio according to members.
This is just a partial list, but it does represent the general tone of the reviews in regards to Bitcoin Sprint.
Backtesting And Strategies
The owners of this new platform have made the regrettable decision of not divulging any information regarding back-testing. Additionally, basic strategies or technical indicators such as stochastics and bollinger bands are not made available to members. For those of you who are unfamiliar with Forex or CFD’s, technical indicators are really strategies which are designed to help you trade.
Bitcoin Sprint Pros And Cons
Below we have added a small table which outlines in very broad strokes the pros and cons associated with Bitcoin Sprint. We intentionally used a more condensed format in order to keep things clear and legible.
There are additional parameters such as navigation or ease-of-use, however we focused on the matters we believed to be the most important.
Regulation and Patenting
Bitcoin Sprint does not comply with any regulatory requirements. We have searched for a CySec as well as ASIC license numbers, and also inquired about ISO licensing for development companies. We were not able to find any type of records which indicate Bitcoin Sprint is licensed or patented in any way.
Confidentiality: Is Your Personal Information Stored Safely?
A closer look at the terms and conditions section reveals that the people behind the Bitcoin Sprint scam “reserve the right” to sell your information to third parties. We actually took the time to message the customer support staff about this issue, but the email bounced. For us, it could not be any clearer that we have stumbled onto a scam.
Having proper security means more than just having a SHA-256 Fingerprint file and encryption protocol with a padlock. The questions no one asks have to do with what happens after you register, even if firewall settings are sufficient.
For example, if you register and then receive a phone call to fund a trading account on an external URL then you are being scammed. That’s a different way to look at the security aspect, and one which more people are beginning to understand.
Bitcoin Sprint: Nothing To Write Home About
This trading platform is really just a lot of well-packaged hot air seasoned with a touch of deception. There really is not much more we can say about the app. We also tried talking to our account manager about making a withdrawal and were completely stonewalled. The facts speak for themselves, Bitcoin Sprint is not a platform we would recommend to our viewers and subscribers.
Bitcoin Sprint Leverage
These crooks are offering leverage of 1:5000, which is exceedingly high. We caution you against accepting any form of leverage since it is like getting into an overdraft in your checking account. You have to pay back that money and it doesn’t matter if you intended to risk that amount or not.
Is This App Compatible With Any Of The Exchanges?
Absolutely not! The app is not supported by any of the major exchanges such as Binance or Kraken. Other websites would have you believe otherwise, but that is a lie. If you are not sure simply message the exchanges directly and ask them about Bitcoin Sprint. That’s what we did and the answers we received supported our claims.
Can I Use Bitcoin Sprint For Mining Purposes?
This is also not possible. Mining requires hardware and hash rate. Bitcoin Sprint has nothing to do with any of that. It’s just a website which is integrated with offshore CFD brokers.
CFD Versus Arbitrage Bots
Arbitrage bots can only be used with exchanges. Bitcoin Sprint is a CFD or contracts for difference bot. That means it integrates with a brokerage so you have to be extra careful about who you are being partnered with.
Bitcoin Sprint Deposits And Withdrawals
Depositing with this software is quite a simple task. We tried it and it was really easy. That being said, when we tried to cash out it was a completely different story. We were tossed around and deferred like lepers. No one wanted to help us or provide us with relevant information regarding withdrawals. This is not surprising, but it is frustrating especially for new customers who are not familiar with the intricacies of these schemes.
Bitcoin Sprint On Trustpilot, Reddit, and Other Forums
This fake app is quite new and has not received much exposure on forums or review platforms. However, we are sure that as time progresses this will change. We will monitor this and update our review accordingly.
Bonus Plans And Incentives
When we registered our account manager almost immediately offered us an eye-popping bonus package. This consisted of insurance bonuses for potential losses incurred, as well as deposit bonuses. But that account manager neglected to mention that these bonuses have certain strings attached.
Had we accepted them we would have been required to trade 30 times the deposit plus bonus. The chances of actually qualifying for a withdrawal under these circumstances are practically zero. So please refuse any type of bonus or free gift, and make sure you have it in writing.
Bitcoin Sprint FAQ
Bitcoin Sprint is a new trading bot which some review websites claim generates money for you on Auto Pilot. That is a lie, don't believe it.
Absolutely not. This software will cause you to lose your money.
These are affiliate websites. Every time you register through their campaign links they get commissions.
We believe that saying the truth is critical for long-term relationships. Our subscribers are beginning to understand this and we have a very loyal clientele.
No. Facebook ads are very deceptive. Don't believe the ads they are not real.
Taxes Related To Bitcoin Sprint
We honestly feel that there is no room for concern in regards to taxes in this case. That’s because taxes are incurred when profits are generated. Since we have already proven that Bitcoin Sprint is a losing platform, taxes will not have to be paid.
A Few Working Alternatives
It’s not every day that our team of expert researchers endorses a new app. In fact, this is quite a rare occurrence, and when it happens you can be sure that the app passed our deposit tests with flying colors. So if you are interested in checking out a new software, make sure to browse through our recommended section.
Bitcoin Sprint: The Verdict
To conclude, we believe that this is a fraudulent trading platform. All the evidence in our Bitcoin Sprint review points to this direction, and that’s a confirmed fact. We have personally invested and lost with this bogus software, so we are blacklisting the Bitcoin Sprint scam. With time we shall start seeing more sites that will choose to endorse this fake app. These will mostly be associated with the same thieving affiliate networks. So make sure to bookmark this article and use it as a point of reference for future searches as well. Should you have any additional questions please make sure to reach out and message us through our contact page.