Last Updated on January 1, 2023 by Stephan Lindburg
Welcome to our BitVestment review and scam investigation. The BitVestment scam app is advertised as a robotic trading app which executes winning trades on digital currencies such as Bitcoin and Ethereum. In the BitVestment website, there is also a mention of “updated” or improved algorithms which power this trading platform. However, as you shall see in our review, there is not a shred of evidence which has been presented in order to support these claims.
We are highly skeptical by nature and are not impressed in the least bit by how these websites misrepresent themselves and the way they try to deceive new registrants. To make matters worse, there are also multiple fake BitVestment reviews which are flooding the internet. As a result, our staff has taken precautionary measures designed to warn our viewers and subscribers about how some fake review websites look like and why a slick or polished look is not necessarily the best source for credible information.
As we continually probed and navigated through the inner pages of the BitVestment scam trading app, it became apparent that the registration form was integrated using an API setup to an offshore CFD broker named “Central Coin”, which has a registered business address in Sofia Bulgaria.
This is what our researchers refer to as “standard operating procedures” when it comes to putting together a CFD scam like BitVestment. The affiliate networks or media agencies who are responsible for peddling this hideous piece of rubbish have partnered with Central Coin. This unholy alliance of crooks have signed agreements in place which are designed to make it clear for both sides who gets paid and how much when customers choose to invest their money. In marketing terms this type of agreement is referred to professionally as a profit or revenue share scheme, a kind of compensation method which is used primarily in the gambling or Forex niche.
According to our industry contacts, affiliate networks like Click Bank or Flex Offers are willing to pay as much as $1,000 for investors originating from the BitVestment campaign. That means ethical business practices become a secondary concern and greedy webmasters will stop at nothing to collect their fat commission checks.
So if you are intrigued by the BitVestment scam trading software and believe it is a genuine investment platform, we encourage you to read our insightful BitVestment review. We have gone to extraordinary lengths in order to provide you with all the relevant information, even at the cost of receiving veiled threats from some very unsavory characters who operate outside the law and use anonymous names and entities.
Official Website, Login Page, and Members Area: There are 3 websites and they all claim to be the official BitVestment app.
- 1 Scam Evidence
- 2 Fake BitVestment Testimonials
- 3 Fake BitVestment Reviews
- 4 BitVestment Fake News Campaigns
- 5 What Is BitVestment And How Does It Work?
- 6 BitVestment Review, Does This Software Really Generate Money On Auto Pilot?
- 7 The BitVestment Offering: Good, Bad, Or Just Plain Ugly? Our Opinion!
- 8 BitVestment: Duplicate Versions, Same Old Scam!
- 9 BitVestment Account Settings, Dashboard, Signals And Strategies
- 10 BitVestment Regulation: Is It A Legal Trading App?
- 11 BitVestment Risk Management Tools
- 12 BitVestment Demo Trading
- 13 BitVestment Customer Service
- 14 BitVestment Deposits and Withdrawals (Cashier Services)
- 15 Where Can I Invest Safely?
- 16 BitVestment Review, Summary, And Conclusions
Alright so at this point we kindly request that you take a look at the image we have for you below. Specifically we would like you to focus on the image at the center and the registration form.
And now please turn your attention to the images below. The two websites belong to the same affiliate network who has built a production line of copied websites in order to streamline their marketing operations. In layman’s terms, this means that there is nothing unique or particularly different about BitVestment and any attempt to convince you otherwise is simply futile at this point.
Fake BitVestment Testimonials
Here we have a screenshot taken from one of the cloned BitVestment testimonial sections. It’s quite evident that there is not one single person there who is real and providing a legitimate testimonial. This sleazy baiting method should stand as a constant reminder of how deceptive these con artists can be and why you should conduct proper research before risking your money.
Fake BitVestment Reviews
Here we have an example of a very notable review website which associates itself with the word “trust” for some reason. This webmaster has chosen to give BitVestment a score of 4.1 out of 5 and claims it has a “high success rate”.
The whimsical or amateurish opinions which are being touted these days by websites who try to present themselves as independent or honest are simply farcical. We would like to thank the owners of this sketchy website for providing us with an exceptional example of how a fake review website looks like and why our readers should avoid it.
BitVestment Fake News Campaigns
We have already spotted a fake celebrity-endorse news website which is using Elon Musk for promotional purposes. You can see they are using logos associated with “The Project”, 60 minutes, and channel 10 Australia.
There are also variations of this campaign with Holly Willoughby in the United Kingdom and Good Morning Canada with Nancy Regan. As BitVestment becomes more viral, we will start seeing a significant increase in fake news campaigns.
What Is BitVestment And How Does It Work?
There are a few versions of BitVestment, and they diverge on the fringe elements of the narrative but not on the main concept. Simply put, all formats and variations of BitVestment claim that it is an automated investment app which can be used to trade Bitcoin as well as other cryptocurrencies as the name would suggest.
So while some sites place more emphasis on algorithmic trading and a “streamlined” user interface, others try to convince you that it is a community of investors who have chosen to take a small risk in order to become rich.
BitVestment Review, Does This Software Really Generate Money On Auto Pilot?
Hold your horses, but more importantly hold on to your wallets! We tested the BitVestment and invested £250. What happened afterwards can only be explained as a ride in hell. The phone would not stop ringing and we were passed around to about 3 different account managers who tried to sell us different strategies. We were literally told on the phone that BitVestment is a scam and nothing more than a fancy sales page. We were also told that if we wanted to make some real cash we would need to invest an additional £7000 for starters.
It’s worth mentioning that the people we spoke with were very convincing and had an uncanny understanding of how to relate to us in the most basic and intuitive manner. It was almost like we were high-school students and the people on the phone were the popular kids who had this ability to convince us to do what they wanted. We had to muster all our strength and common sense in order to shake these scammers off our back and get back to our daily lives.
The BitVestment scammers use catch phrases like guaranteed wins and no risk trades. This should serve as a warning sign which let’s you know what to expect!
But getting back to the actual app, it didn’t generate any money for us and we ended up losing all of our initial investment and a little more just to make sure our assessment is correct and we are not being slanderous or overly critical. So here is the bottom line, BitVestment is a scam so don’t join and don’t say we didn’t warn you.
The BitVestment Offering: Good, Bad, Or Just Plain Ugly? Our Opinion!
We made a short list of what the perceived benefits are for new members who wish to try out BitVestment. To be honest, we couldn’t find much but there are a few factors that keep resurfacing.
Algorithmic Trading: We keep getting information about how BitVestment uses an algorithmic trading engine. After asking for additional information we were stonewalled and provided with all kinds of evasive responses.
Superior Results and Accurate Signals: Our staff asked to see if any back-testing was performed, but we came up short again.
Seamless Trade Execution: This is probably the biggest lie because there is no software at all. BitVestment is just a another fancy sales page with a lot of panache but very little substance.
BitVestment: Duplicate Versions, Same Old Scam!
Below we have screenshots of 2 clones our staff was able to identify. As you can see the logo and design has changed, but the concept and intent is the same. Namely, to trick and defraud unsuspecting victims.
BitVestment Account Settings, Dashboard, Signals And Strategies
If you suddenly find yourself searching for a dashboard or some type of signals panel then you are in for an unpleasant surprise. That’s because there is no dashboard, signals, strategies, or indicators such as MACD or Relative Strength Index so you can stop looking.
BitVestment Regulation: Is It A Legal Trading App?
The BitVestment scam is an illegal operation. There are no ISO certifications of any kind related to the software. We couldn’t find any patents (pending or otherwise). PCI Compliance was also missing, and that means there is no way to monitor the firewall settings or any types of safeguard related to storage of personal financial data. To complicate matters even more, no license number was provided when we asked to see it.
BitVestment is simply an illegal scheme. Make sure to do some proper research before investing. We did and found out that licensing is the last thing these con artists care about!
BitVestment Risk Management Tools
There is no way to manage your risk. When you fund your account the staff convinces you to invest more money and then executes losing trades on your behalf. Initially they will let you make a few profitable trades, but that is just to keep you going so you invest more money.
BitVestment Demo Trading
No demo is available. We did find one version that offers it but it doesn’t work.
BitVestment Customer Service
It doesn’t really exist so don’t even try. We messaged them through the contact form but failed to receive a proper response.
BitVestment Deposits and Withdrawals (Cashier Services)
This trading platform uses deposit only brokers. That means if you try cashing out something unpleasant will happen. Initially you will be deferred or passed on to other departments. Then they will try to convince you to accept a bonus. If you do that then you will have a trading requirement added to your balance and you will never be able to cash out.
Where Can I Invest Safely?
Our staff of researchers and internet sleuths constantly search the internet for trusted trading systems. Once we identify a potential newcomer we add it to our recommended systems section on a trial basis. If it performs consistently then it gets to stay.
BitVestment Review, Summary, And Conclusions
The BitVestment scam is not a trading software we can recommend to our viewers and members. In fact, we are officially blacklisting this bogus signals app and warning our subscribers about it. Should you require additional information or clarifications in regards to BitVestment, simply take a minute to write to us via our contact page and we shall be more than happy to reply in a timely manner.