Beware! Bitcoin Secret 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.
Every successful venture such as forex trading has a nasty side – in the case of the forex world the trouble-makers seem to be the well-known and infamous crypto robots. Websites like Bitcoin Secret are often made in the most absurd manner with little effort to conceal their shady image. They remind one of a parody. In all the instances we have looked at such robots, there is usually only a trailer-video on the website, boasting about the many advantages in registering with the crypto robot in question. With Bitcoin Secret we learn that we have the opportunity to make huge money of off crypto the same way many other successful entrepreneurs have in the past, and continue in the present. By registering, it will open a trading account for us and, basically, do all the work for us, while we only enjoy the profits. It seems as though the crypto robots have somehow achieved a socialist utopia through crypto trading. We further learn we have the chance of winning “the biggest lottery” of our life. Perhaps the best parallel that could be drawn is the popular song written by American politician Huey Long entitled “Every man a king!” Indeed going through the website of the Bitcoin Secret we fall under the impression they have discovered the secret to transforming every trader into a king.
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. As a matter of fact Bitcoin Secret turns out to be pretty much the same website as Bitcoin Evoluton and Bitcoin Investor with simply a different name. Scammers often choose to mix up websites in order to keep the scam going, unabridged by scam-exposing reviews.
The only relevant search results for “Bitcoin Secret” have the word scam written all over them. There is frightfully little information regarding the crypto robot on the web, as a matter of fact, the only mention of the company is in scam-exposing reviews or obvious fake five-star reviews. Furthermore, even though the logos of the media outlets are shown on the website, checking their archive we can conclude that the crypto robot is not endorsed by any of them. This strongly inclines us to believe that the crypto robot is part of a popular scam in the forex 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 iAlphaTrade or Up Forex urging them to invest. The crypto robots receive a commission for every trader that invest with the brokerages.
No verified track record
One of the biggest problems with crypto robots such as Bitcoin Secret is the lack of assurance for results. We have no way of knowing or even supposing whether our expectations will be met in the slightest. In trading there are social platforms such as eToro or Zulutrade where you may 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 Secret you are relying on blind faith.
No regulatory supervision
We should also point out that such operations are not overseen by any relevant authority. The people behind the website do not fall under the oversight of a financial regulator and may do pretty much as they please, irrespective of rules or safety mechanisms.
Last, but not least – the mere way in which such operations look for funds should raise major security concerns. If Bitcoin Secret truly did have to offer a product worth something, they would have found alternative ways of financing themselves, instead of relying on cheap traffic through a cheesy bait-clicking 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, you need legitimacy in order to pull that off – something which is drastically missing with Bitcoin Secret.
All in all, Bitcoin Secret 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.