Fact CheckedLast Updated on January 3, 2021 by Stephan Lindburg
BitPremium review. The BitPremium scam is supposed to be an automated trading app which uses advanced AI Technology that adapts to your trading habits and allows it to work faster and more efficiently each day. However, we believe that BitPremium is nothing more than a fancy sales page which is being endorsed by a network of fake review websites that would have you believe you can actually use this fake app to generate profits. When the BitPremium software was originally launched it had a different design, but at some point the scammers decided to change it in order to make it more believable. Unfortunately for them we caught them red-handed and we shall provide our viewers with an in-depth review of both versions of this fraudulent software. It’s also worth pointing out that BitPremium was a name used for a HYIP or high yield investment program at one point, but this has nothing to do with this blacklisted trading platform.
As is the case with most get-rich-quick schemes, BitPremium is co-managed by affiliate networks who are operating in tandem with offshore CFD (contract for difference) brokers. Together they are colluding against you and trying to cheat you out of your money by telling you BitPremium will turn you into a millionaire overnight. Originally we were tipped off about the BitPremium scam after receiving several complaints which we believed warranted a full investigation. Sure enough, after investing our €250 we were received a phone call from our broker which was named “Online Trading” and has a registered business address in St. Kitts. Our account manager Steven Green advised us that if we wanted to make “real money” we would have to invest at least €5,000. Obviously our alarm bells started ringing at that point, and from then on everything just went down-hill as we started receiving endless phone calls from various pushy people.
So if you feel you want to “dip your toes” and try out the BitPremium app, we strongly suggest you keep reading our independent BitPremium review because we exposed this latest hoax as well as the crooks who are operating behind the scenes.
Official Website, Login Page, and Members Area: bitpremium(dot)app
Scam Evidence:
Check out the first version of the BitPremium scam. They are using the same format which includes the fake CNN and BBC news logos. Moreover, for some reason these scammers have deviated from the usual format and are just saying to answer the phone when “your personal advisor” calls to peddle the scam.
Usually they just say join to start making money now or something along those lines, but this time they are going for a really hard sell. Many customers are very standoffish about receiving a phone call immediately after registering for anything, but we have to assume that these scammers work according to new guidelines.
Above is the second or revised version of the BitPremium scam. It is much softer and doesn’t really say much about the potential benefits which members can enjoy. There is a mention of AI technology, but everything else is unusually vague and not very convincing at all.
Below we have a screenshot of the original BitPremium “How To” page. It’s quite plain to see that it’s a spinoff of the older scams which we have exposed here on our website.
They are using the same design, image bank model, and logos. The only thing which has changed is the text and page layout. This type of copy/paste method is taken right out of the scammer textbook and used excessively in many similar cases.
BitPremium Scam: Fake Testimonials
Here is the BitPremium testimonial section, and it is quite evident that all of the testimonials without any exception are forged and used in the most deceptive and manipulative way.
We have seen fake testimonials used in a variety of formats, but this is the most common one and highly indicative of what victims are potentially getting themselves into.
Fake BitPremium Reviews
This is probably the most problematic aspect of what we are seeing here. Our staff has just delivered clear cut and irrefutable proof of scam, yet despite this some review websites have decided to openly endorse BitPremium. One website which has chosen to do so is deliberately lying to it’s viewers for the purpose of financial compensation.
There is no doubt in our mind that there is some type of payoff in the form of a revenue or profit share scheme which is very common these days with affiliate networks. It’s also quite possible that this site was simply paid a one-time fee for publishing a fake review. Either way you look at it the people who always end up losing in the end are the clients and investors.
BitPremium Fake News
Another trend which is gaining popularity with various media agencies and affiliate networks is the use of fake celebrity endorsements. This type of baiting tactic is designed to create a more believable narrative and in that way trap unsuspecting victims.
Its very common to see celebrities such as Martin Lewis, Richard Branson, Elon Musk, or Gordon Ramsay used to promote get-rich-quick schemes such as Bitpremium. We have also seen the use of politicians or wealth gurus for similar purposes.
What Is BitPremium and How Does It Work?
There are two versions of the BitPremium app, and each one tells a different story. The first version talks about an automated trading platform which generates money for you on auto-pilot, and the second one mentions an AI technology which powers the app but does not really explain how it works or performance levels. In short, in both cases information is critically lacking and we believe that this is intentional.
BitPremium Review, Deceptive Scam Exposed!
“Discover all the possibilities of trading with the official BitPremium App!”, or maybe not. That is the silly and unconvincing sales pitch which scammers have chosen in order to peddle their fraudulent trading software in the updated version of the BitPremium app. Instead of talking about the actual software, the features, trading panel, indicators, strategies or signals, they are talking about online trading in general and having “patience and determination”. As you progress downwards in the sales page and you start seeing more information which is also very sketchy and unclear. For example, it is said that there is an AI technology which “trades smarter” by constantly adapting to your trading style and monitoring market data. That’s pretty much it! There is no back-testing, or any mention of regulation or certifications of any kind. The original version is even more dodgy and talks about “making quick profits like a pro” every day.
BitPremium Scam: The Art of Nothingness
The second version of the BitPremium software does away with the usual hard-sell or old-school Forex tactics which include the fake logos and forged testimonials. However, it is smart to view this type of mild marketing approach as a kind of wolf in sheep’s clothing. The fact that we see a less aggressive approach to bait potential victims does not mean the second version is less lethal than then first one. Either way, if you choose to register for any version of the BitPremium app, the end result will be the same. Simply put, you will end up getting scammed and lose your money!
Is It Free?
Of course it is not! It will cost you at least €250 to get access to this crummy software, and that money will be charged to your credit card by offshore CFD brokers which don’t really care about your financial state of affairs and will swindle you in the blink of an eye without any form of guilt or hesitation.
What Are CFDs?
CFD’s or contracts for difference are financial derivatives which are very similar to Forex with one exception. As opposed to Forex which offers a limited assets index (currency pairs), CFDs are more diverse and offer commodities, stock, indices, and even bonds. So while it’s true that CFD’s can be very profitable, there is also significant risk involved. But we don’t see this mentioned anywhere on the BitPremium website.
Tested Alternatives That Work
Our staff of researchers constantly checks new systems which are launched on a daily basis. Once we recognize a software which has potential we add it to our recommended systems page for a trial period after testing it ourselves. If it performs consistently and generates profits then it stays there for anyone who is interested in taking advantage of a genuine trading app.
BitPremium Review, Summary, and Conclusions
The BitPremium scam software and bogus automated trading app is a blacklisted trading platform very similar in nature to other scams we exposed here on our site. Our staff managed to produce all the required evidence which is needed in order to validate our initial findings. If you feel we have not provided enough information in regards to this latest sham, please reach out and message us through our contact page or social media.
