Bitcoin Billionaire<\/a> review over on the specialized website Scammer Watch tells us, it is common for trading bot scams to completely disregard all the options we have become accustomed to with legitimate bots.<\/p>\nSo, no reverse trading, no leveraged auto trading, no\u2026 you get the gist.<\/p>\n
2)\u00a0 \u00a0Fake Reviews and Endorsements<\/h2>\n Next, it\u2019s time to check what people have said about their experience using Bitcoin Billionaire.<\/p>\n
For starters, the scammers behind it claim that celebrities like comedian Jim Davidson are fans of this \u201ctrading bot\u201d. But after a Google search, we can\u2019t find absolutely any source to corroborate these claims. It\u2019s safe to say that Jim Davidson has no idea what Bitcoin Billionaire is.<\/p>\n
User testimonials on Bitcoin Billionaire are just as fake as celebrity endorsements. With the assistance of the Google Lens service, we find the same images elsewhere online. However, this time, the names are different. These are obviously stock images utilized by scammers.<\/p>\n
The same goes for positive user reviews on Trustpilot. They instill zero confidence in their legitimacy, as they\u2019re all written in an overly generalized manner.<\/p>\n
There are no details mentioned whatsoever, just immoderate praise of Bitcoin Billionaire, which appears to be a miraculous product that will completely change your life. In truth, it will just drain your wallet of funds.<\/p>\n
3)\u00a0 \u00a0No License<\/h2>\n But looking at traders\u2019 experiences elsewhere, we find that there\u2019s a high probability of Bitcoin Billionaire being affiliated with the known forex scam, 365CapitalMarkets. Namely, the con artists behind these two scams have been sending e-mails whose content is remarkably similar.<\/p>\n
While that may not be much of a proof, 365CapitalMarkets has been linked to other trading bot scams in the past, including Bitcoin Bank, Market Master, and Crypto Cash Fortune. Unsurprisingly, this fraudulent forex company was blacklisted by many crypto platforms.<\/p>\n
While we can\u2019t claim that 365CapitalMarkets is, indeed, behind Bitcoin Billionaire, there\u2019s another lie that\u2019s relevant for this discussion.<\/p>\n
Bitcoin Billionaire, the scammers say, operates out of Cyprus and its brokers are CySEC-licensed. However, looking at the Cyprus Securities and Exchange Commission public database, we can\u2019t find any mention of it. The logical conclusion is that Bitcoin Billionaire isn\u2019t licensed after all and is, in fact, most likely run by 365CapitalMarkets.<\/p>\n
Final Words<\/h2>\n Unfortunately, with so many trading bot scams out there, crypto traders who are interested in automated trading solutions need to be very careful. Generally speaking, it\u2019s a good idea to visit Scammer Watch when choosing such a bot, in order to ensure that you\u2019re not about to put your trust and funds into a scam.<\/p>\n
And Bitcoin Billionaire definitely is one such scam. While none of these red flags constitute proof on their own, together, they leave no room for doubt. There are so many telltale signs that we can give only one piece of advice to readers: don\u2019t use Bitcoin Billionaire.<\/p>\n
Author: Michael Klias<\/strong><\/p>\nBlockchain and smart contract expert with over 7 years of experience managing cryptocurrency funds. I provide lectures and workshops on blockchain and smart contract programming to the crypto community.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cryptocurrency trading has been attracting many people who see it as a way to make some quick money with minimal effort. And crypto trading bots go hand in hand with this view of cryptocurrency. In theory, such bots can automatize a portion of users\u2019 trading activity, leaving you with additional time to devote to other […]<\/p>\n","protected":false},"author":7,"featured_media":21048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585],"tags":[],"acf":[],"yoast_head":"\n
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