Bitcoin Bank Scam: Find out Why You Shouldn’t Use This Auto Trader

When it comes to trading cryptocurrency online, most people want help. To do that, they turn to an auto trading robot. You can find many of them on the market, of course, but some of them don’t do what they claim.

If you desire to sign up for an auto trading software and were considering Bitcoin Bank, you should stop right there. We’ve thoroughly investigated the platform and find that it is a complete scam! Consequently, if you made a deposit through this robot, it is bound to be lost to you forever. Scam bots like Bitcoin Bank are designed to steal money from traders and can expose your private information to other scamming websites.

In this extensive review, we are going to take an in-depth look at Bitcoin Bank and tell you why it is a scam. We are also going to offer you some tips to avoid other similar scamming sites. Of course, we’ve got a list of robots that are decent and do what they claim and can give you that information, as well. All robots in the recommended list go through rigorous testing before they are deemed legitimate.

Continue reading our Bitcoin Bank review or go to a legitimate bot right now by clicking on the ‘Trade Now’ link in the below table.

Robot NameRatingPropertiesTrade
4.9/5
 
Free to use
  • Claimed win rates of 82%
  • $250 minimum deposit
  • Accepts payments from debit and credit cards
trade now
Try Crypto Engine, one of the most popular robots in 2020!
  • Claimed win rates of 82%
  • $250 minimum deposit
  • Accepts payments from debit and credit cards
Contents

Is Bitcoin Bank Trader Legit? NO!

  • TrustPedia gives Bitcoin Bank Trader a low legitimacy score of just three percent. The techniques used to gain new signups are deceptive.
  • Bitcoin Bank is not accurate at all. There have been numerous complaints from traders who made consistent losses using this web-trading app.
  • Our test has shown that the web-trader is fake. It’s just a simple webpage that looks like a real web-trading site, but it doesn’t use the same algorithms as legitimate bots.
  • Read more to learn about Bitcoin Bank. You can also visit the Bitcoin Pro review to read about a legit bot.

What Is Bitcoin Bank?

Bitcoin Bank claims that it is a fully automated trading bot designed for the crypto market. It’s supposed to allow traders to trade Bitcoin CFDs to guess on the price and make money. However, TrustPedia’s investigation has shown that it is a complete scam. You’re sure to lose your whole deposit within just a few hours of ‘live trading’ using Bitcoin bank. TrustPedia carried out a live testing on Bitcoin Bank and has determined that it consistently makes losses.

We’re almost 100 percent sure that Bitcoin Bank reports predetermined losses and doesn’t feature any trading technology at all.

Bitcoin Bank Review: Why Is It a Scam?

Bitcoin Bank is actually a comical scam as it claims to provide its traders with immense wealth.

It tells so many lies right from the start to try to get you to make a deposit. If you are unfortunate enough to do so without reading our review first, the deposit is gone forever. As you’re going to see below, its platform, which is presented as a web-trader, is completely fake. Also, the brokers listed on the site as robot partners aren’t genuine. There is no regulation or legal registration of the brokers.

Like other scam bots, the primary goal of this bot is to hit people who are in a financial difficulty. The first approach is for them to spam email you. In fact, you’re probably here right now because you got an email that you didn’t request. It might have claimed to help you make a lot of money without having to do much.

Fake Testimonials That Are Ridiculous

On the website, Bitcoin Bank has testimonials that are all accompanied with flash photographs of people who are by jets or bathing in money.

However, the investigation from TrustPedia shows that these testimonials are not legitimate. The reviewers are, in fact, actors that have been hired. Anyone can spend some money to pose near a jet plane and make it look like it’s theirs. Most scam robots use these types of photos with their testimonials.

Any robot that features testimonials of show-offs is sure to be a scam. We think that you should really pay close attention to what is being said on these platforms before you register with them. In fact, you probably shouldn’t register at all, and you definitely shouldn’t fund the account with your money.

Fake Partner Brokers and Web-Trader

The web-trader on Bitcoin Bank is just a webpage. It looks like a trading platform, but it isn’t real. Our investigation has shown that there isn’t an algorithm behind it, so the results that it does generate are all predetermined.

This means that no live trading ever takes place when you’re on the platform. Like similar scam robots, Bitcoin Bank depends on the scam brokers to get the money from the deposits. We mentioned earlier that none of these brokers are regulated. Because of that, there is no oversight, so you can’t keep them accountable for their actions. Therefore, the deposits that you make to the fake web trader cannot be recovered at all.

It’s essential that you make sure the brokers listed on the auto trading website are regulated by appropriate agencies. The best regulators for crypto or forex traders are the CySec, FCA, ASIC, and FSB. If you find a robot that has regulations in other jurisdictions, it might not be legitimate. Also, if you can’t find any proof as to which robots are used, then you should definitely steer clear of those. For example, Crypto Bull App and Anon System are both scam bots because of their regulatory issues.

No Withdrawal Option and Unsafe Deposit Processes

We have found that Bitcoin Bank doesn’t have any data protection policies in place. For example, it appears to keep your billing details beyond what they are intended for.

Also, you are going to find that the deposit page isn’t encrypted at all. Therefore, hackers could intercept this information on the platform and copy your personal data, such as your bank information.

Like similar scamming bots, Bitcoin Bank doesn’t allow you to withdraw the capital you’ve earned. Once the money is funded, and in the platform’s account, you cannot retrieve it. The scammers from the platform then share those deposits with the scam brokers with which it partners. Meanwhile, you think that you’ve given money to a legitimate web-trader and are going to make live trades with it. Our investigation has revealed that Bitcoin Bank doesn’t respond at all to its withdrawal requests. Likewise, it is probably going to block you from using the platform again if you try to fight to make withdrawals of your money.

Who Created Bitcoin Bank?

Generally, legitimate auto trading software provides information about the creators. It might not give you any names, but it does have an about us section. We couldn’t find any such information on Bitcoin Bank. In fact, there wasn’t even a sob story about rags to riches. Some scam sites have an about us page, but when you click on it, nothing shows up. This one doesn’t even offer that option. Therefore, we can almost guarantee that this isn’t a legit robot.

Is Bitcoin Bank Scam? The Verdict!

As of this moment, we should have convinced you that Bitcoin Bank is a full-fledged scam. If not, then we aren’t sure anyone could do that. This platform features all the negative characteristics of a scamming robot.

We guarantee with near perfect 100 percent certainty that you are going to lose money if you choose to deposit anything on the platform. Additionally, there is a good chance that this auto trader is going to expose any data that you provide on the site to other scammers.

Our investigation has shown that it doesn’t offer any data protection features. In fact, there isn’t a privacy policy that we could find on the website. This indicates to us that it is going to share any data you provide with third-party conglomerates without even asking for permission from you.

TrustPedia recommends that you don’t use Bitcoin Bank at all. Instead, consider using Bitcoin Pro, Bitcoin Era or Crypto Engine. We have thoroughly tested it and find that this is a legit robot. You are sure to make daily returns with Bitcoin Pro. Stay away from Crypto Bull App, Anon System, and Bitcoin Bank.

**Remember: All investment actions can carry risk. Cryptocurrencies are highly volatile and still young within the financial markets, so they may be riskier than other trading opportunities.

FAQs

We understand that you could still have a few questions about Bitcoin Bank and other, better crypto auto traders. In fact, you may skim down to this section first before reading the review. Therefore, we wanted to provide you with pertinent information that can help in your quest to find a reputable auto-trading robot.

No! TrustPedia has investigated Bitcoin Bank thoroughly and finds that it is a complete scam. It’s our recommendation that you do not use it, sign up with personal information, or deposit money into it. Instead, try a proven and tested robot like Bitcoin Pro.

Bitcoin Bank is a complete scam, so you are not going to make any money while using this platform. In fact, you are going to lose every penny you ‘invest,’ which means you should steer clear of it and choose a reputable auto trading robot, such as Bitcoin Pro.

If you want to earn money by trading on the crypto market, you need reputable auto trading robots. They do exist, and we feel that Bitcoin Pro is one of the best. Consider reading the full review here so that you better understand it. Otherwise, you can go directly to the website and sign up for this legitimate robot. You can make money with crypto trading when you utilize the right tools.

**Remember: Trading carries risk, regardless of what you trade. The views expressed here are only those of the writer. Past performance with any auto trader isn’t a guarantee that future results are going to be similar. The opinions expressed here on the website don’t constitute advice about investments. You should seek independent advice about investing if you so desire. This website is completely free to use. However, we could accept commission from some of the companies featured here. If this is a significant issue for you, please do not use our website or read our reviews. If you want to earn money by trading on the crypto market, you need reputable auto trading robots. They do exist, and we feel that Bitcoin Pro is one of the best. Consider reading the full review here so that you better understand it. Otherwise, you can go directly to the website and sign up for this legitimate robot. You can make money with crypto trading when you utilize the right tools.

**Remember: Trading carries risk, regardless of what you trade. The views expressed here are only those of the writer. Past performance with any auto trader isn’t a guarantee that future results are going to be similar. The opinions expressed here on the website don’t constitute advice about investments. You should seek independent advice about investing if you so desire. This website is completely free to use. However, we could accept commission from some of the companies featured here. If this is a significant issue for you, please do not use our website or read our reviews.

You can deposit any amount you wish, but we advise you against it. If you choose to invest any of your money with Bitcoin Bank, you are going to lose it because it is a scam. The minimum amount asked for is $250, but it is likely to solicit more money from you in the hopes of taking more for itself.

No. Once you have deposited money into your Bitcoin Bank fund, you cannot remove it. Legitimate bots allow you to withdraw the full investment capital if you so desire. This can act as proof that it is a legit bot. However, Bitcoin Bank doesn’t allow this. In fact, you are sure to lose money and not see any profits at all. Then, when you try to withdraw, there are no options for that on the web trader. Customer service is available, but you get the runaround when you try to ask how to withdraw. If you are adamant, the auto trader is likely to kick you off the website and not allow you to sign in.

**Remember: Trading carries risk, regardless of what you trade. The views expressed here are only those of the writer. Past performance with any auto trader isn’t a guarantee that future results are going to be similar. The opinions expressed here on the website don’t constitute advice about investments. You should seek independent advice about investing if you so desire. This website is completely free to use. However, we could accept commission from some of the companies featured here. If this is a significant issue for you, please do not use our website or read our reviews.

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