Bitcoin Capital Review
Cryptocurrencies like Bitcoin have given the term “virtual money” a new meaning, and people are constantly looking to profit from it. One of the easiest and most popular ways is to trade these digital currencies online.
With the emergence of new trading platforms and auto-trading robots that automate the trading process comes unknown risks as traders must discern the legitimate trading platforms from the scams.
- 1 Bitcoin Capital Review
- 1.1 General Overview – Is Bitcoin Capital Legitimate? – Not Likely!
- 1.2 What Is Bitcoin Capital?
- 1.3 Bitcoin Capital Review – Why Is It a Scam?
- 1.4 Generic and Fake Software Information
- 1.5 Is There Any Information on Bitcoin Capital’s Creator?
- 1.6 Is Bitcoin Capital a Scam? The Verdict!
- 1.7 Frequently Asked Questions
This is why at TrustPedia, we take a closer look at trading robots to keep you from investing your money with a scammer. Our information is based on research, and we always advise users to steer clear of trading platforms if they notice anything concerning.
If you are looking for a Bitcoin Capital alternative, you are sure to browse our website, as we have a plethora of our other reviews that can help you find a legitimate auto-trading robot.
We have taken a closer look at Bitcoin Capital, a seemingly accurate auto-trading robot, to determine if it is a legitimate way to trade popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Here is what we found.
General Overview – Is Bitcoin Capital Legitimate? – Not Likely!
What Is Bitcoin Capital?
The company claims that you can go about your day while the robot trades for you, earning for you returns of up to 60 percent of your investment per day. Because little to no effort is required from the user, the software claims to be accessible to all kinds of traders, even those with no prior experience with trading.
It also allows users to engage in traditional, direct trading, which involves monitoring the market for themselves and making trades based on their own judgment, with some help from the trading signals provided by the software.
Unfortunately, when something appears to be too good to be true, it often is, and we have noticed several red flags that have led us to distrust Bitcoin Capital as a legitimate trading platform.
Bitcoin Capital Review – Why Is It a Scam?
We are told that Bitcoin Capital is a development company and is given no means with which to contact them. There is also no “About Us” page, so we are left in the dark about this mysterious development company.
Without this information, there is no way for you to know whether this platform was genuinely designed by professionals who want to help you trade cryptocurrencies efficiently or whether they are scammers trying to scam you of your money.
Additionally, this platform appears to receive all its credibility from Trustpilot reviews, which look suspiciously like a marketing ploy, which isn’t generally what you notice in genuine online reviews. The “reviewers” simply ask you to sign up rather than provide a factual account of their experience with Bitcoin Capital.
This leads us to believe that the Trustpilot reviews have been fabricated in an attempt to gain the trust of users. Studies have shown that more people are likely to complete an online sale if they read an online review recommending that product, which is no different with online trading.
Scammers often use this tactic to gain the trust of their victims, getting them to sign up without actually noticing the red flags.
Another thing to note about Bitcoin Capital is that it claims to be completely free. However, another section that answers the question “Are there hidden fees with Bitcoin Capital?” mentions a two percent commission on profits, so which is it? Is the software completely free, or do you pay two percent every time a transaction occurs on your account?
Customer service is non-existent with Bitcoin Capital, so if you experience any trouble while trading with the software, you are left to figure it out on your own.
Generic and Fake Software Information
Additionally, the company claims that its users are protected by RSA encryption and is compliant with EU General Data Protection Regulation. Still, as there is no evidence of this displayed anywhere on the website, your only option is to take the company’s word for it.
Trading platforms that do not provide detailed information about their trading software must not be trusted with your money.
We have noted one alarming fact. Towards the middle of the home page, the company talks about the two percent commission being shared with its “underlying brokers.” However, in fine print, at the bottom of the page is a section entitled “Regulatory Warning,” which states that the company “does not provide investment or brokerage services.”
However, it goes on to say that when you sign up, a broker is automatically assigned to you – offering you brokerage services. This contradicting information is a major red flag.
The company also states that the onus is on you to check whether the broker is regulated. It does not do this for you.
Unfortunately, this is another red flag as most reputable trading platforms pride themselves on associating only with regulated brokers to ensure that their users are protected at all times. Using the services of an unregulated broker is not recommended because there is no way to prove whether the broker knows what they are doing, and this can cost you your investment.
Additionally, in the event that the broker takes off with your money, you may not be able to take legal action against him if he is not a regulated broker, so it is best to avoid using any of Bitcoin Capital’s brokers altogether.
Fake Trading Platform
This is how the platform can promise such unrealistic returns on investments because it has been designed to make you believe that you are making impressive profits.
Inexistent Safety and Security Measures
Most scam websites include a generic “Terms and Conditions” page, but Bitcoin Capital hasn’t attempted to include one at all, which is alarming. There really is no way for you to tell how the platform is handling and managing your information, so you can be in for some nasty surprises if you choose to sign up with them.
Is There Any Information on Bitcoin Capital’s Creator?
Most legitimate trading platforms give you information about the company behind the trading platform, often providing you with its physical address and contact information if you need more information about the company and its services.
However, this is not the case with Bitcoin Capital, as it has omitted this information entirely. Apart from being told that a development company runs it, there is nothing else we were able to find about the company behind Bitcoin Capital.
In addition, no customer service is a major red flag because the company essentially tells you that it cannot help you if you experience any problems with its services. Trading commodities online can be a daunting task, especially if you are new, so the lack of support from Bitcoin Capital is disappointing and indicative of a scam.
Is Bitcoin Capital a Scam? The Verdict!
- It provides no transparency, providing absolutely no information about who owns or runs it
- The information on the home page is generic and appears to be copied from other websites
- Instead of providing proof that it is a legitimate trading platform, it just answers this question plainly, and you must take their word for it
- The trading robot itself is fake, providing fake trading signals to the user, which gives you the false impression that you are seeing good returns on your investment
- Most of the platform’s credibility is based on Trustpilot reviews, which, upon further analysis, appear to be staged, as they are suspiciously like a marketing ploy, encouraging users to sign up rather than providing factual accounts of their experiences with Bitcoin Capital
- Contradictory information regarding brokerage services and fees leads us to believe that the company cannot be trusted
- The company includes a disclaimer at the bottom that asks users to check whether brokers are regulated or not, which means that it possibly associates itself with unregulated brokers, hardly a characteristic of a legitimate trading platform
- Trustpilot visitors are promised a $250 deposit bonus. Still, the disclaimer in fine print indicates that this bonus is subject to availability in your country and your broker has the final decision on whether to grant you the bonus or not. This appears to be a false a marketing ploy to get you to sign up
Although Bitcoin Capital is a scam, many other legitimate auto-trading robots on the market can help you trade Forex and cryptocurrencies using real algorithms and conducting legitimate trades on your behalf.
Some legitimate robots to try are BitiQ, Oil Profit, Bitcoin Era, and Yuan Pay Group. If you notice a lack of information and unrealistic claims provided by a trading platform, we advise that you avoid it altogether. Instead, select a legitimate one by browsing through our reviews.
Frequently Asked Questions
There is currently no evidence to prove that Bitcoin Capital is a legitimate trading platform, and users are advised to steer clear of it.
No, you cannot. Bitcoin Capital is not a legitimate trading platform, and it uses fake software to generate fake trading signals.