Beware! Bitcoin Method is most probably a scam system! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
One of the main reasons for the high risk of fraud in forex trading is the presence of the so-called crypto robots. Websites like Bitcoin Methods are often made very clumsily with no effort in hiding their ill-minded nature. There is usually nothing more than a trailer-video on the website, boasting about the many advantages in registering with the crypto robot in question. With Bitcoin Method we learn that we have the opportunity to make huge money of off crypto the same way “teachers, students, stay-at-home moms” have done so in the past.
Furthermore, on the website we see the logos of CNN Money, Forbes and Fortune without any clarity as to why they are there. Probably, the crypto robot wishes to convey to traders that is has something to do with them, and in such a way leech of off their reputation in trading world. This is a popular trope with scammers.
No name, no address, no number
Despite our thorough research, we did not find any information on the website regarding the registered address, the supposed company behind the operation, nor even the country of origin. Furthermore, after checking with the listed media outlets on the website – we can confirm that the crypto-robot is not endorsed by any of them. Bitcoin Method is simply yet another crypto robot engaged in the most prevalent scam in the trading world.
Precisely such websites, promising riches and profits through crypto trading, mislead traders into registering and carelessly giving away their address, phone number and email. Minutes later, that same personal data is sent to brokers and the registered traders begin getting phone calls from unregulated forex brokers like MPLUSSOCIAL or Siamoption urging them to invest.
No verified track record
One of the biggest problems with crypto robots such as Bitcoin Trader is the lack of assurance for results. Platforms such as eToro or Zulutrade allow you to search through the profiles of different traders, taking notice of his track-record in trading, whether losses or winnings are the majority. Such transparency adds significant assurance and partially, if not fully, removes risk. Where as with websites such as Bitcoin Trader you are shooting in the dark.
No regulatory supervision
We should also point out that such operations are not overseen by any relevant authority. The people Bitcoin Method are not bound by any government regulator and potential clients do not have access to any safety mechanisms in case they’re scammed.
Last, but not least – we should be troubled by the mere way in which such operations seek funding. If Bitcoin Method truly had developed a promising product, they would have found alternative ways of financing themselves, instead of relying on cheap traffic through a cheesy, badly-done commercial about itself. They can apply for a credit at the bank, or another popular option among today’s crypto companies is raising money through crowd-funding. However, all these options require the one big thing that is missing with Bitcoin Method – legitimacy.
All in all, Bitcoin Method comes across as a standard scam operation – the likes of which we have seen a lot – and we advise those interested not to risk it.
