Bitcoin Benefit Review

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Why You Don’t Need This Auto-Trader in Your Life

Trading cryptocurrency isn’t easy, even if you know what you’re doing. It takes time to enter manual trades and can cause you to miss deals. That’s why many people use an auto-trading platform. There are plenty of them out there, but you want one that’s legitimate and does what it promises.

We have investigated this platform and believe it’s not legit. Those who have already made deposits on here are bound to lose them. There are many sham platforms out there like this one, and they focus on stealing money. They may also expose personal information to hackers.

This in-depth review is going to show you what Bitcoin Benefit is all about. We also discuss other swindler sites and what to avoid. Then, we sprinkle in information about decent and legitimate auto-trading platforms.

If you’re not sure about Bitcoin Benefit, keep reading. Otherwise, check out the review on Bitcoin Prime to learn about a good trading platform.

What to do instead?

4.7/5
Interactive interface
Safe payments
Secure sign-up process

Is Bitcoin Benefit a Legit Auto-Trader? NO!

  • We believe that the techniques used by Bitcoin Benefit are deceptive and only there to get new people to sign up and deposit money.
  • Bitcoin Benefit isn’t accurate. You can expect to see consistent losses if you use the platform.
  • The web-trader is actually fake. There aren’t any platforms used as with legit platforms; it’s just a website page.
  • If you want a legitimate auto-trader, read the review on Bitcoin Revolution and try that one.

What’s Bitcoin Benefit?

As it stands, Bitcoin Benefit claims to be an automated trading platform for the cryptocurrency market. With these platforms, you can trade cryptocurrency CFDs, effectively guessing on prices. However, our investigation shows that Bitcoin Benefit is fake. There’s no live trading, so you lose the deposit within mere hours.

It consistently creates losses, and there’s no trading technology used.

Bitcoin Benefit Review: Why We Feel It’s not Legit

When you arrive on the website, you see that it tells lies immediately. All the owners care about is getting you to make that initial deposit.

Those who do make deposits find that they are gone. This web-trader is fake. Though it lists real partner brokers, they are registered or regulated, so they don’t count.

As with other not legitimate platforms like Bitcoin Benefit and Crypto MasterBot, the ultimate goal for them is to target those who are financially unstable and desperate.

Fake Testimonials

There’s a spot on the website for testimonials. Most of them are of flashy people doing silly things with tons of money.

We have found that those reviews aren’t real and believe the reviewers to be hired, actors. It’s easy to make it look like you’ve got tons of money, and many illegitimate platforms use such photos on testimonials.

If you notice such testimonials, they’re likely not legit. Pay attention to what’s said on the platform before registering with an auto-trader.

Fake Web-Trader and Partner Brokers

A web-trader platform should be more than just a website page. This one from Bitcoin Benefit looks just like the legit ones, but it isn’t real at all.

There’s no platform used, so you can’t do live trading at all. In fact, these are predetermined results.

Like other fraudulent platforms, Bitcoin Benefit uses fake or non-regulated brokers to take the deposit money. Since they aren’t regulated, they can share it with the owners of Bitcoin Benefit, and they do. However, it’s impossible to prove it, so you lose your deposit and can’t recover it.

Always make sure that the auto-trading platform uses regulated brokers from suitable agencies. These include the FSB, ASIC, FCA, and CySec. Though there are other jurisdictions, we worry about their legitimacy. If no brokers are listed at all on the site, avoid them. For example, Anon System and Immediate Profit don’t list brokerages at all!

Can’t Withdraw Money

What happens when you use an auto-trading platform and earn money on the crypto market? You see more in your account.

Once you reach a certain point, you take it out and put it in your bank. However, Bitcoin Benefit never shows a profit on your account. If there is some sort of glitch and you do earn money, you can’t withdraw it to your bank.

Other con platforms do the same thing. However, with Bitcoin Up, you can withdraw your initial deposit. This is a sign of a legitimate auto-trader, and it’s something you should watch out for.

Another issue we have is that Bitcoin Benefit doesn’t use safe deposit processes. The website isn’t encrypted, so your information is just floating around for hackers to steal. Identity theft is a huge concern when using a fake auto-trader website.

Who Created Bitcoin Benefit?

The legitimate auto-trading platform should give you some sort of information in the about us section. You may not find founder names, but there’s something there. Bitcoin Benefit doesn’t even have an about us page. We even checked the ‘sitemap’ and didn’t find anything. This is a guarantee that the platform isn’t legit.

Is Bitcoin Benefit Legit? The Verdict!

Right now, you’ve been reading up on how bad Bitcoin Benefit is. We can’t stress enough that this trading platform is a fake and full-on fraud.

In fact, it has all the negative characteristics of other fraudulent platforms like BitBolt or Bitcoin Bank.

We can almost guarantee that you’re going to lose your money if you use the platform. In fact, you may even have your identity stolen because the auto-trader isn’t secure, and the data you provide is going to get exposed to hackers.

Our investigation was thorough and shows that there aren’t any data protection features or a privacy policy. Therefore, Bitcoin Benefit can sell your personal information without you knowing it.

FAQs

Whether you skipped down to this section first or still have questions about Bitcoin Benefit, we’re here to help. These questions are common, and it’s important that you have them answered sufficiently to make the right choice for the auto-trader platform.

Is Bitcoin Benefit Legitimate?

No! We have extensively tested Bitcoin Benefit and feel that it is a fraud. Please do not visit the site, enter personal information to sign up, or deposit funds. Read about Yuan Pay Group to see why it’s a tested and proven alternative.

Should I Deposit Any Money on Bitcoin Benefit?

Though the website allows you to deposit any amount you want, we don’t recommend that you do. If you invest anything on Bitcoin Benefit, you are likely to lose all of it. This auto-trader is just a fraud. Even though it only requires a $250 deposit, and that’s not much, you probably aren’t going to earn profits or actually perform live trades. In fact, it might try to get more money or sell your information to other companies.

Can I Earn Money with Bitcoin Benefit?

Since Bitcoin Benefit is a fraud, you can’t earn money with it. When you invest anything, you lose it all because the brokers aren’t regulated or legit, either. Please stay away from Bitcoin Benefit. There are plenty of other reputable auto-trader platforms, including Yuan Pay Platform.

Can I Withdraw My Money from Bitcoin Benefit?

No. If you have already deposited money into a Bitcoin Benefit account, you can’t get it out. Legitimate platforms let you withdraw your full initial investment, proving that they are authentic. However, Bitcoin Benefit doesn’t offer this. You aren’t likely to earn profits by ‘live trading.’ If you try to withdraw what you’ve put in, there aren’t any options to do that. While customer service is there, you never get a straight answer. Also, you could get blocked from the site so that you can’t sign in, losing your last hope of getting your funds back.

What Should I Do? What Alternatives Are There?

If you want to use an auto-trading platform for cryptocurrency trades, it’s important to use a reputable platform. They are out there. For example, Bitcoin Era, Oil Profit, and Immediate Edge are some of the top ones. Please read our reviews on both the good and bad auto-trading platforms to get an idea of what’s out there and how to protect yourself. Using reliable tools is essential when trading cryptocurrency.

Risk Disclaimer

TrustPedia is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.

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