The Bitcoin Profit system claims it can enable you to earn millions from Bitcoin even whilst the crypto markets are crashing & you’re led to believe that you can begin generating your first profits just moments after signing up…
But no doubt you probably suspect that those kinds of promises sound a little too good to be true, and I don’t blame you.
So what’s the deal, is it actually legit, or is the Bitcoin Profit system a scam that’ll just end up taking money from you rather than actually helping you make it?
Thankfully if that’s what you’ve been trying to find out you can rest assured that you’ve landed in exactly the right place as I’ve taken a closer look at how it all works & in this honest Bitcoin Profit review I’ll be uncovering everything you need to know, including whether or not you can really make any money with it.
What Is Bitcoin Profit? | How The Bitcoin Profit System Works | Is Bitcoin Profit a Scam? | A Better Alternative
What Is Bitcoin Profit?
The Bitcoin Profit system basically claims to be an automated trading system that can allegedly guarantee to generate you profits from crypto-trades even if the value of the cryptocurrency is actually going down rather than up.
So whereas typically people will buy a particular cryptocurrency in the hope that the value of it rises so that they can sell it for more at a later date & profit, the Bitcoin Profit system actually places bets on whether the price will rise or fall during a set period of time.
This means that even if the value of Bitcoin dropped, providing the bet placed by the system was that it was going to drop, you as the trader would still profit because you didn’t actually buy the currency… You just placed a bet on what it was going to do.
But how do you know whether it is going to go up or down? Well, you don’t… And typically, this method of trading, which is known as binary options trading is actually VERY risky… Because it’s closer to gambling than trading.
It’s so risky in fact that even Forbes themselves published an article warning people about it (shown below) and many – including myself have branded binary options trading as nothing but a scam.
But this is where the Bitcoin Profit system comes into play because this particular system claims that it has been developed around a “secret” algorithm which can indeed (allegedly) predict whether or not the price of the cryptocurrency will rise or fall… And this is how they claim to be able to guarantee you profits.
The system looks for trends, detects whether it believes the cryptocurrency value will rise or fall – and then places trades on your behalf. The idea is that you’ll begin making money on complete auto-pilot…
Does it really work? Sadly the answer to that is NO. I’ve actually seen several other so-called automated binary options systems prior to this one such as the Online Profit Generator system for example which I most recently reviewed & they have ALL turned out to be nothing but flat-out scams. The Bitcoin Profit system is no different.
I do appreciate though that even though it is a scam, you might not just be willing to take my word for it as you might have been really hoping that the system was going to work for you & generate you lots of money… So instead, let me show you how it really works in order for you to see what yourself why it WON’T work as promised…
Free Training:
How The Bitcoin Profit System Really Works…
At a glance, the whole thing seems ideal, and it would easy to get sucked in by all of the hype found on the website of the Bitcoin Profit system… But that’s exactly the creator’s intentions. Everything you’re told on the website is fake & they’re merely trying to lure you in so that they can earn some money at your expense.
You see the creators of the Bitcoin Profit system have actually affiliated themselves with a binary options broker, and this means that if they get anybody to sign up & deposit via that broker then they earn themselves a commission… A pretty huge commission too.
So they’ve come up with the genius plan of inventing this fake “foolproof” system that supposedly enables anybody to profit… And surprise surprise all you have to do to get access to it is sign up & make a deposit via their “recommended” broker…
But this is where the problem arises because the broker they recommend to you is actually just a scam binary options broker – meaning if you deposit with them, you’ll lose any & all of the money you deposit.
Then, after depositing (which I totally don’t recommend doing) you’ll merely be left to find out the hard way that the Bitcoin Profit system doesn’t actually work anywhere near as promised… In fact instead of making consistent winning trades like it claims it will, in reality, it will make nothing but losses.
After all, why would a binary options broker – a broker that only makes money when others LOSE money – partner themselves with a system that will supposedly enable everybody to profit? It just wouldn’t make sense, and if it were true such a system would put the brokers straight out of business…
And that just proves that the whole thing is a big fat scam. In fact, some of these fake automated trading systems, like the Bitcoin Aussie system (which was first released as The Brit Method) have actually been put together by the brokers themselves just to trick people into signing up!
Which brings me onto…
Is Bitcoin Profit a Scam?
I can confidently say that the Bitcoin Profit system is indeed 100% a scam & it should definitely be avoided. The whole thing is built upon deceit & lies & it’s only intention is to part you with your hard-earned cash so that the creators behind it can earn themselves some money at your expense.
After signing up to the system & depositing via the broker (which I totally don’t recommend) you’ll just be left to find out the hard way that it doesn’t work as promised & then you’ll also discover that the broker will do everything they can to prevent you from withdrawing your money back out. Essentially it’s just a hyped-up cash trap.
Now whilst there are no real ways to make lots of money online without actually doing anything (like the Bitcoin Profit system claims) the good news is that if you are prepared to put in some work you can actually make good money online – and I myself am living proof of that.
There are plenty of legitimate programs out there like Commission Academy for example through which you can learn how to get started properly online & if you really do put in some effort then you can certainly find good success. In fact, hundreds of new people are seeing success every single day at WA & if you’re interested you can read about how it all works by clicking here.
But I just hope that my review here has helped you from handing your hard-earned cash over to the crooks behind the Bitcoin Profit system & I hope that it’s given you a better idea as to how these types of binary options scams actually work. If you do still happen to have any further questions about it though that you feel I didn’t cover then don’t hesitate to leave a comment below & as always I’ll get back to you as quickly as I can.
A Better Alternative
The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.
And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Commission Academy. In my own opinion, that's the best place to start.
At Commission Academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like Amazon online.
The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.
Some wealthy affiliates even earn as much as 5-figures per month... Or more!
I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work... But the harder you're willing to work at it, the more you stand to earn with it.
So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out Commission Academy first. You can learn more about it here.
Thanks!!!
You’re welcome 🙂
Thank you for your advice. I shall consider it.
I woud appreciate if you could tell me from where is this Bitcoin Profit operating. I am from Malaysia.
Thank you again for your infomation on Bitcoin Profit operations place so I can know their time and my time.
Best regards.
K S Wee.
You’re welcome K S Wee. I’m not sure where they’re operating from, they’ve hidden their location.
Apparently I have already joined WA, because it says my email is registered but I can find nowhere to log in. Thank you. Geoff.
Hi Geoff, there is a “Login” button at the top right of their website.
I joined Btc profit but haven’t paid and they said they could call me back, Space is limited and I just thought some research was in order. Thanks for your insight and advice Geoff.☺
I’m glad you did your research before depositing any money 🙂
I’m Probably being scammed right now 🤣..
, they want me to pay 3500$ before my withdrawal, and says it’s taxes, don’t you pay tax after you receiving the profit and not before?
Yep that’s a common trick with regards to this scam… Definitely don’t paying anything else to them, they’re just trying to get more money from you.
So, what’s the score with Richard Branson on the t.v. show with Ben, Kate and Tim the cameraman? Are they part of the scam or being shown that they are being used to illegally endorse Bitcoin Profit?
Those clips are being used illegally – it’s a common trick used by these sorts of get-rich-quick scams. They take various cuts from news publications & piece them together in an attempt to make visitors to believe those featured are actually talking about the system being presented, but in reality they’re not… They’re just totally random clips in which the people are talking about cryptocurrency/working from home in general.
Mel Gibson was on The Project, Aussie tv show and he took up a lot of time speaking about Bitcoin and how it would make you filthy rich like him and that he was apart of this Bitcoin fantasy. He even showed his phone account depicting loads of cash deposited over 31 days. So Is Mel Gibson full of *swear word removed* or what?
No, there are people that have indeed made money by purchasing & later selling Bitcoin… Bitcoin itself is not a “scam”, it is a digital currency… The scam is the systems like “Bitcoin Profit” which are built to deceive people. They lead you towards believing that they’ll guarantee you to become rich but in reality they’re just set out to trick you into depositing with an unlicensed binary options broker as mentioned in my review above.
They asked for my personal credit card as the business credit card was considered money laundering. There’s a BIG flag there.
Not to mention they asked me to turn off the PREVENT CROSS SITE TRACKING on Safari.
Wonder why they would do that?
SCAM! SCAM! SCAM! hihihi
Wow yes, very strange…
This an email in my junk folder…..
From: Sarah Jones
Sent: 05 November 2019 20:28
To: you
Subject: Re: for you
On Tuesday, November 05, 2019 01:21 PM, Sarah wrote:
I thought it was something you would want to see *link removed*
This is where the link takes you Bitcoin Profit/Richard Branson/Mirror…
*link removed*
Thanks for sharing Dave – I removed the links though just in case anybody happened to click on them & end up getting scammed. Unfortunately some people don’t read the full reviews above and still want to “try” the systems. 🤷♂️
Dale,
I’d be far more inclined to take your claims seriously but for one thing – You’ve branded this automated cryptocurrency trading platform as a complete, unequivocal, 100% scam. AND THEN finished your lambasting of this website by trying to SELL another equally dubious trading platform with EQUALLY RIDICULOUS claims about how much money you’ve made.
I’m sure you see this blatant conflict of interest.
What would people think if that once I’d finished undermining your recommended alternative with facts and figures proving it to be utter rubbish and the work of a charlatan, I then provided my own trading platform with a doctored bank statement showing my colossal overnight earnings???
Yes, exactly……..
Hi Patrick – thanks for your comment. Unfortunately you’ve got it all wrong. I am not promoting any trading system, nor am I selling anything as you claim. I am simply offering a free & safe alternative to trading by sharing an insight into how I personally make money online. I suggest you have a closer read again, then it will become clear. 🙂
I do agree with Patrick, I have been in the financial trading sector (and BTC) on a small scale for years. I know exactly how the brokers work with the sign up commissions etc and I do also feel that you may well be on a form of comission for the product that you are clearly over advertising.
Hi Jazz, what product? It’s just a link to my free affiliate marketing training course.
Thanks for I was about to buy this thing oooh🤦🏼♀️. Thank you for this
You’re very welcome, I’m so glad to hear that my review helped you to avoid it 🙂
Hello Dale my name is Clement Mahlaule from South Africa, my gut feeling tells me I have been scammed. The one broker sent me an email stating that I have made about $6500 after depositing about $869 and a commission of $1500 payable to the broker and my profits are $5000 but what I find strange is the fact that I still need to pay the broker about $900 and that must be in my account when he processes the transactions
Hi there Clement, yes I’m sorry to say that it does look like you have become a victim of a scam. The broker requesting more money to process the withdrawal just sounds like a further way to extort more money from you & it’s something I’ve heard scam brokers doing quite often. Whatever you do, don’t give them any more of your money, no matter what they say.
I was in for 250 dollar. then stopped for a while with 180 dollar. then they took 100 dollar from me. Then the account manager called me and said i had to start trading again and the money would be freed again. It didn’t feel good so i left 80 dollar. Now a month later they took the remaining 80 dollar. Now i got a call from the manager again and she told me that i needed to invest another 250 dollar to release the money which is mine. she would not release the money before that. The money was kept by the capital market. Which is nonsense. this is one big SCAM.
Yep exactly Arjan, it’s all a scam. I’m sorry to hear you lost money to it but I thank you for sharing your experience.
Hello, it’s called a dormant fee. Other perfectly legitimate brokers do this. Not nice I know but staying alert and on top of things is essential
Hi Dale,
someone left my data on one of the sites. Apparently phone no. and email is enough to get registered. I am getting around 20 calls a day from different locations in Europe ( Switzerland, Sweden, Germany, etc. ). Problem is that in the background the same music is running. So must be re-routed calls from the same call center. Best was a guy with a UK no claiming he was from a government organization and had to varify my licence… all big bull s***… STAY AWAY FROM IT !!!!!!
Yep, I use a burner phone when I investigate these scams… After entering the phone number they blow off like crazy. Hopefully it dies down for you soon.
I was just surfing at random when suddenly I was directed to Profit Bitcoin and of course the initial
temptation evolves. I tried phishing, by registering, (short user’s name and e mail address, I do not use any more, plus mobile) Soon after that some Indian called me from Switzerland. He did not convince me and because of Easter he is trying again tomorrow. In between, numerous calls from
similar concerns. I sent them all back to USA before the epidemic is over.
Besides your investigation, please let the probable victims to analyse the URL’s/URI’s they are using. You don’t have to be Bill Gates to identify them far too long, with the original source/server camouflaged Why? Also, never a land address, neither an e mail, prior to paying.
Beware well before. I have not been caught and I’ll respond to the Indian (he said he was American yesterday, when I said to him you sound like from somewhere in Asia though.
If you think it is useful what I am writing, I’ll let you have another script tomorrow again.
You’ve been really helpful and convincing.
Thanks a lot/Kind regards
Dino Short for Constantino.
Hi Dino, thanks for your comment. Yep, the URL is always a giveaway but unfortunately, very few people actually pay attention to the URL shown in their browser. Glad you didn’t get caught out by it though 🙂
Thanks for all the useful info dale Andy.
You’re very welcome Andy, thanks for the comment 🙂
Hi Dale!
I just got a call from “Bitcoin Profit” in “London”, saying I had more than a thousand USD in an account there. When I questioned this statement he said he would’t have called me if I didn’t have an account with them. When I didn’t want to open Anydesk he kept asking if I understood or not, and saying that if I understood him I’d do what he said. His English was far worse than mine (I’m Swedish) and his tone was very aggressive. I answered that I did understand him, but that “I choose to use my free will an end this conversation”. Then he hung up, and good riddens!
I just hope they don’t call again…
I have deposited funds into a Bitcoin Profit after hounding by email, My funds are still sitting in the Trading Room and I have had no support at all. I have messaged them 5 times with no response.
THEY ARE SCAMMERS THERE IS NO DOUBT ABOUT THAT
hi.
I think i have fallen for a crytocurrency scam. Called, clear save.io and someone who claims to be Ryan Shelby senior portfolio manager. Initial deposit of $200 and my clear save wallet shows $338.
I requested a withdrawal and he called back asking for me to download Anydesktop remote so he could find my coinbase address, and this was the only way he could complete my transaction.
No chance i said. Then he asked me to leave $50 in to keep account open!
When i refused he said i needed to listen to him and ‘Come down’ from being obstructive, and saying i was accusing him of trying to steal my profits. Well thats exactly what he is…a thief!
It’s a call centre with 0330 054 0631 and 0345 720 3040 numbers(along with slight variations of last digits).And he does not do zoom or facetime…i’m not surprised. He also has someone else listening and then takes a call, comes back and tries a different tack to make it sound like i am the problem, not him…what a souless s**t he is!
His (so-called) personal mobile number is +44 7537 156312.
ive raised it with my bank and cancelled my card…i accept the £152 i sent is virtually certainly lost, but a lesson learned by me.
Anyway, he may call me tommorow when i will give him my wallet address to send my withdrawal, but i guess i won’t hear from him or see my money ever again.
I hope the info i have supplied helps others to steer clear of these souless thieves and, may even lead them straight into jail time, tho i doubt that but the thought is nice.
Thanks.
Dennis
Yep, that definitely sounds like a scam. Just count yourself lucky that you did not lose much more as I have heard of people losing thousands to similar scams in the past. Thanks for sharing the info 🙂
Also, I would advise against making any further contact with them as if you give them too much information, they could end up scamming you again.
Hi Dale another scam you may wish to investigate is 44Tradeoptions.The guy who claims to be Tyler Patrick email and contact numbers +1 (646) 974- 3042 and + 1 (862) 397-0835. These guys promise to get you huge profits daily and when you join they ask you to increase your initial amount in order to get more money on Bitcoins trading.After making the initial deposit they tell you to wait 10-15 days for your trade to hit.When that 10-15 days comes, they contact you and advice you to withdraw. When you want to withdraw they tell you to pay Tax Clearance fees. Luckily I didn’t fall for that. Thank you
I will certainly look into that Sithembiso & I’ll post the review here as soon as I do. Thank you for sharing the info.
Hi I started with sending 250 us dollars to limeberg operating out of london I believe than they wanted 1000 us again I sent than 2000 canadian and finally 2600 canadian they sent me back 400 us as a christmas present account now has over 27,000 us dollars and I now realize I am being scammed do you know anything about this limeberg company ?
Hi, I’m afraid I don’t know anything about that specific company but it does definitely sound like you have fallen victim of a scam.
Hello, please Dale can you help be blocking this company named UZOTRADE in any website. The UZOTRADE wants to get a lot of Bitcoin transactions over again to be able to get the profit that is in the account. At first there is an initial investment of $250 to $ 500 for the investment to get started after that they will let you wait for a week in order for them to do the trading, you can be able to see $6,000 or profit, just after a week in the account, problem here is you can be able to get the profit after you paid $720 worth of bitcoins to the account. The worst part is after paying the commission fee they said that there would be a $950 bitcoin key fees to release the profit and send to the desired bank account that you would like. All of them didn’t happen, all fake and the UZOTRADE is 100% a scam. There is an account manager named SAMSON JAKES and an CEO named FABIO are both scammer! Guys I don’t know how these kind of scammers still can live in their life, I mean I know they also have family to feed but I don’t think their family would be happy and proud if they know the money comes from a very dirty means like to scam people, with their hard earn money. I tried to ask FABIO (CEO of UZOTRADE.NET) to atlease refund back the money I sent through Bitcoin and he can have all of the $16,000+ that I have in my account and I don’t have any intention to get them anymore but he said it is the company policy.
Please stay away from this company and these people:
FABIO contact number +1 (414) 775-4590
SAMSON JAKES +14706733368
(He is using different account in Facebook)
UZOTRADE code/link:
3BLXRAmX6QkfvvzwzAPLdT3DtqUtPrRnqi
*Please never ever send any cent from that link/code that is a scammer’s Bitcoin wallet.
*Please if anyone knows how to revert the transaction from that link I would be more than happy to know. I knew that every transaction through Bitcoin can be refund but with them they didn’t want to refund it back to me.
Can anyone be able to block a scammer’s Bitcoin wallet, please?
How do you mean, “block a wallet”?
There’s no need to “block” the website, if you know it’s a scam simply stay away from it. Thanks for the heads up though I am sure others will find the information in your comment very helpful.
Hello Dale, I just saw the NZ Prime Minister promoting this on a morning show. SO I got online and checked out straight away if it was a scam. Through this I found your website and very impressed; you have a new fan.
I got into Crypto 6 years ago and had the pleasure of being scammed. Lesson learned, took what I had left and put it into Bitcoin…i’m a very happy bunny now.
What I can’t wait to see is the PM falling flat on her face when the chickens come home to roost.
Thank you very much, Dawn Auckland, NZ
It’s not really the prime minister, the scammers have just used photos/clips to make it appear as if Jacinda Ardern is promoting it, but she’s not.
Having read the article and all the comments , they just reinforce my feeling that this is more than “too-good-to-true” proposal, it is plain, brutal theft, without compunction. These people are parasites of the worst kind and sadly, I don’t read of many prosecutions’ or prison sentences – so is Bitcoin scamming a thief’s Paradise . And whoever reads this, please also be aware that these people are operating on Skype and Linked In as well as many other social sites and furthermore they are also adopting the standard ‘romance’ scam’ of identity theft – a “pretty face” to sell their very dodgy proposals -CAVEAT EMPTOR is my advice
do you have to make a deposit to have a withdrawal of your funds ?
You can’t withdraw your funds, it’s a scam.
I traded with forexcapitalgain by trader and
I’m being asked to make a deposit of 565 to have a withdrawal the amount of 5065.00 is this a scam .. can someone verify if this real or is it a scam
Hello Ma’am,
Your Trading Session has been completed, You’re now required to make a deposit of $565 to your account in order to Upgrade your account, which will also activate your withdrawal portal and to make your funds spendable. After which a bonus of $2000 will be added to your profits for the upgrade. Kindly contact support on live chat immediately for the deposits.
Take note: 80% of the deposits will be added to your profit.
Thanks for your Anticipated cooperation
FOREX CAPITAL GAIN INTL
It’s a scam, don’t send them any more money.
I left a post a few days ago about scammers using Skype as a ‘happy-hunting-ground’ for the unwary. Specifically, someone who says they work for a company called “probitvestment” has approached me with a proposal that is, indeed, absurdly ‘too-good-to-be-true (Bitcoin investment0. Whilst I am prepared to be advised guided by the Author of this site as to the best, ethical investment vehicle, is this company (probitvestment) a bona fide concern or just a ‘mirror company? Thank you for your assistance in this matter
Given that probitvestment isn’t even licensed to work within the financial sector, I would avoid it.
Hi it seems to me you have a lot of comments from people who can’t spell,
And from people who can’t use punctuation, apparently, because the end of a sentence should contain a full stop, not a comma, Ron.
So I also ended falling for this. Can I withdraw any from the proclaimed profits or my deposited money?
Unfortunately not, it’s a scam so the profits displayed inside your account aren’t actually real.
Wow Dale you actually saved me from making a grave mistake. I had just signed up for it today. Unfortunately I have already made a deposit of $250, however my account is not yet verified. But I have made a withdrawal already after reading your review…. Now what?
Hi Meko, I’m so glad to hear that I have saved you from making a mistake. In terms of “now what?”, I’m not sure I understand. What exactly are you asking?
I have been scammed by two companies in America – Bitcoin Megatrades and Spyraltrade
when I was ready to withdraw they came back to d=say they need a further 3500 dollars for tax clearance in South Africa, when I queried the amount and asked for a breakdown the expert trader became aggressive and said he would block me and would lose my investment
he still messages me and ignore him
i have lost a lot of money and from becoming filthy rich and am now struggling to build my cash
can you expose these 2 companies
Sorry to hear that, I will certainly take a look into them & publish a review 🙂
Thank you Dale and look forward to your findings
I fell for a scam at cryptovestfx.online. The broker approached me online and I signed up and put money in. The trade was going up but when I wanted to withdraw the broker wanted suddenly a huge amount of a commission fee and so does the platform! 30% if the profit. It was never stated before!
I’m so sorry to hear that Isabella but thank you for coming here and reporting it. I’ll look into it as soon as I can & publish a review on it to warn others.
Thank u Dale this would be great
Dale,
I got scammed too, same story as other people here. Mine was so tricky because there is this lady who chatted with me and shared how this platform has helped her and she sounded believable, using God’s name in vain. She even showed me the screenshot of her withdrawal worth $56,000.00 for 7 days of income. To cut the story short, I deposited $500 and after seven days came, the profit grew to $36,000.00 in order for me to withdraw it, I need to deposit $3500 as a commission fee. Didn’t fall for it. The Lady who chatted with me was also trying to convince me to deposit the commission because It is legit. It is a huge mistake not to pay the commission, And I said why not let me borrow $3500 and we will split the profit? Of course, It doesn’t work that way because it is a scam.
The name of the companies are : Bull Bear Marketing live and Standard bitcoin trade option 247.com. Please check this too.
Sorry to hear that you fell for that but thanks for providing me with the names of the related companies, I will certainly take a look into those & publish my findings.
Hi Dale
Im Sydney from India. I guess i have been scammed by this Company 44tradeoption, they first claimed to be xtremetradeoption. They made me pay 42k INR in the beginning and then another 30k INR for tax clearence. They are now saying that i will proceed for Profit withdrawal and i doubt anything will happen. I dont know how I fell for this. But this a Big scam.. I dont know what to do.. I dont think so the money can be refunded or recovered …
Hi Sydney, I’m sorry to hear about that. As I’ve recommended to others above, I’d advise that you contact your bank/card issuer for further support.