Trading is not the easiest activity to get into, and even once there, a terrible turn of events can make it a nightmare for you. This is even more so when the investment amount is high. Thankfully, you have several platforms and facilities at your disposal, including brokers and trading robots, which are intended to assist you.
Once you find the right one, then it becomes an asset to your ability to trade from an informed position. Unfortunately, not all trading robots are made equal, and some only exist to scam you out of your hard-earned money.
With Bitcoin and other cryptocurrencies continuously gaining traction, more people are seeing the light and trying to get in. However, scammers are also seeing the light, since more new traders mean more opportunities to take someone’s investment away. While some are well disguised, others can be identified by the greenest of traders.
We are Trustpedia are incredibly attentive to details, and we encourage our readers to look out for certain signs too. Never invest your money anywhere that you are uncomfortable. So, even if it merely feels slightly wrong, we advise not going for it.
Still, we don’t want to leave all the leg work up to you, so the Trustpedia team also extensively reviews trading robots to identify where they lie along the legitimacy spectrum. Today’s focus is none other than Bitcoin Hack. Before going into the detailed review, we can already let you in on the fact that it is nothing more than a scam.
Naturally, you likely want to know more about the specifics of our discoveries. So, we encourage you to read through the entire review! It’s not all bad news though, as you get some insights on a couple of solid alternatives you may wish to go with instead.
- 1 What to do instead?
- 2 General Overview – Is Bitcoin Hack Legit? Not Likely!
- 3 What Is Bitcoin Hack
- 4 Bitcoin Hack Review – Why Is It a Scam?
- 5 Generic and Fake Software Information
- 6 No Brokers
- 7 Fake Trading Platform
- 8 Inexistent Safety/Security Measures
- 9 Is There Any Information on Bitcoin Hack’s Creator?
- 10 Is Bitcoin Hack a Scam? The Verdict
- 11 Frequently Asked Questions
General Overview – Is Bitcoin Hack Legit? Not Likely!
- Trustpedia has noted numerous complaints and negative reviews where Bitcoin Hack is concerned. This contributes to its significantly low confidence rating of 5%.
- Our research has given us no reason to believe that the trading robot in the background even exists. It appears to be nothing more than a surface technique used to lure in unsuspecting traders.
- We implore you to continue reading the information we have provided, so you can have the full picture. In the meantime, you may also want to have a quick look at our YuanPay Group review, which brings a legitimate and efficient trading robot to light.
What Is Bitcoin Hack
If the website is anything to go by, Bitcoin Hack is supposed to be a well-designed automatic trading robot that allows you to deal in cryptocurrency and other common asset types. The platform supposedly showers you with real-time access to winning market insights, which help to guarantee that trading is profitable for you.
Does all this sound too good to be true? That’s because it is. Risk and reward are core pillars where the world of trading is concerned. It is impossible to remove these to create guarantees of any form. Beyond the bold yet obviously false claims, there is also the generic information provided.
It’s always a good idea to look at how much of what the robot is offering is rooted in telling you that the facilities offered are great. Compare that to the energy present when it’s time to explain or even give an overview of the complex algorithm behind the scenes. A legitimate platform would not hesitate to let you know about the high-level details of its algorithm.
It’s not just a guessing game though, as we dedicated time to testing the trading platform for a few hours to observe its behavior. This is the methodology we approach our research with. Not much of the time was spent identifying that we were dealing with an elaborate scam.
Thanks to our data collection style and the results we have, we are highly certain that Bitcoin Hack has no legitimate robot behind it.
Bitcoin Hack Review – Why Is It a Scam?
We’ve observed several indicators that you may have a scam on your hands in our time reviewing trading robots.
The first and easier red flag to spot is an unnatural focus on unrealistic promises. Anything that sounds like a guarantee seems to make the cut, though an experienced trader would spot the glaring issues miles away.
However, that’s not the intended audience. It’s a technique used to play on human desires. Most newer traders may not know much about the industry, but they know that there’s a possibility to benefit with the right variables in places. So, it’s almost expected that they’d jump at the opportunity when a platform claims to make the benefits inevitable.
Beyond the promises, there’s the software. You may be told some arbitrary facts, such as the technology is the latest and best. However, this is the kind of information that evidence would need to be presented to substantiate.
The burden of proof is on the maker of the claim, and if that burden is not carried, then our advice would be to steer clear.
Worse even, Bitcoin Hack has no references to partners or brokers, and trading robots on the legitimate side of things are never isolated entities. No wonder it can claim that someone who has never traded can become a master of the discipline overnight.
Generic and Fake Software Information
We made a brief mention of the generic way of speaking above, and it’s really one of the tells that something may be awry. Have you ever met someone that tends to give you a lot of information without ever giving any relevant details? That’s Bitcoin Hack’s style of information presentation.
So, you may notice that you’re told that it allows you to trade different assets using a reliable algorithm. Nothing is wrong with that statement if it’s being used as a segue into some more insightful details. In their absence, there’s no new knowledge.
Where are the details that would clear up any doubts and truly encourage you to become a regular user of the platform?
You are also going to notice that Bitcoin Hack makes mention of using the latest security protocols including SSL encryption. There is no indication that this is the case. Trust us, it’s not the area you want to take anyone’s word in as your personal and financial information can easily be weaponized should it fall into the wrong hands.
Before you know it, Bitcoin Hack could potentially sell your data to interested third parties all because you got pulled in by the prospect of guaranteed wins.
Here’s a fact. If the trading robot is trustworthy, you are not going to have to do much looking around to find the relevant details about the software that’s powering the platform. Take our advice and don’t even think about registering with Bitcoin Hack.
As we indicated above, trading robots are not isolated entities. Brokers are a big part of the puzzle, especially since they bring you different kinds of insights and recommendations that you may consider before you make any moves on the market.
Based on the way the roles complement each other, you often find that brokers and trading robot creators develop partnerships that lead to more satisfied customers. So, whenever we discover a new trading robot, it’s almost a rite of passage for us to start digging around to see which brokers are being used.
We have a list of top-tier brokers that you may review here. Don’t bet everything on the list though, as regulation verification can help in your pursuit of a trustworthy platform. Bodies, such as the CFTC, FCA, and NFA come to mind and they ensure a fair and secure experience for all those who use the platforms that fall under their jurisdiction.
Bitcoin Hack does not even bother to speak to the brokers it uses and it does not seem to fall under any regulatory bodies. So, it’s safe to assume that the platform does its own regulation of transactions. Imagine a scammer policing itself, and tell us that doesn’t sound like a recipe for disaster. Good luck even beginning to identify who or what is managing any money you choose to invest.
If you want to get more insight into what this pattern looks like, you can read a couple of our scam site reviews, which shed light on other illegitimate platforms that also seem to be hiding the relevant details.
Fake Trading Platform
It’s not hard for a scammer to create what has the visual indicators of a legitimate trading robot. However, the cracks start to show under scrutiny, and we know how to expose them. It doesn’t take much time to find out that no algorithm is working behind the scenes.
We did our due diligence as always, and there was just no underlying puzzle piece. Bitcoin Hack does attempt to mimic a real trading algorithm, which is a tactic intended to pull the wool over your eyes.
So, it appears that you’re making a profit when you are being swindled out of your money.
Inexistent Safety/Security Measures
A trustworthy robot takes an immense amount of pride in its security provisions and is going to go to great lengths to ensure that you are acutely aware of its capabilities in that regard. Bitcoin Hack only claimed to use SSL encryption. Beyond that, you are vaguely told that “other protocols” are in place and that the site is safe to use.
Did you know that systems such as these are legally required to ensure that you know their security parameters? Data protection is a big part of the rationale, as you must know how your data is being processed and protected.
Try as you might, you are never going to be able to get any information of that nature from Bitcoin Hack. What does that say for the level of data security you are being offered?
Is There Any Information on Bitcoin Hack’s Creator?
Your guess is as good as ours where the creator of Bitcoin Hack is concerned. Any company that cannot reveal its membership and ownership is one to stay away from. That’s a principle that you should even apply beyond the confines of the trading world.
Unfortunately, not everyone understands this, so you may find people getting swindled all the time. A lack of this fundamental information is an indictment on the credibility of any service provider. In fact, it gives us enough reason to say that Bitcoin Hack is most certainly an untrustworthy scammer attempting to fabricate its state of legitimacy.
Is Bitcoin Hack a Scam? The Verdict
We’ve given you a host of information to consider and all of it points to the fact that Bitcoin Hack is an elaborate scam. Do not expect to get anything good out of your time with the system. We believe that there is probably not a more fitting name than the one it has now.
Just to recap, here are the issues that have led us to our conclusion:
- There is no information-rich content present. It is all surface-level information that is only pretending to say anything.
- No trading robot is behind the scenes.
- Data protection is non-existent, and the lack of security policies is blatantly apparent.
- Guarantees are being made in an industry that is driven by chance.
- Finding information on the company seems impossible.
Instead of wasting your time and money with Bitcoin Hack, we implore you to try verified and trustworthy alternatives, such as Immediate Edge, Bitcoin Up, and Bitcoin System.
View a full list of the good, bad, and ugly trading robots here.
Frequently Asked Questions
Here, we answer some targeted questions about Bitcoin Hack, which partially summarizes the content on this page.
- Is Bitcoin Hack a Scam?
Yes, after substantial research, we can conclude that the platform is a scam. Nothing has led us to believe otherwise, so we urge you to steer clear of it.
- Can You Earn Money on Bitcoin Hack?
There is no money to be earned as there is no robot behind the scenes. You only stand to lose your full investment.
- Are There Any Safe Alternatives to Bitcoin Hack?
Several standout legitimate trading bots are out there, which have been tested and confirmed. So, why spend time worrying about security?