Bitcoin Up review. Is Bitcoin Up scam or legit trading robot? At first glance this new investment platform may seem like a genuine automated trading app. However, looks can be deceiving and as we suspected the Bitcoin Up scam software is exactly one of those cases. Bitcoin Up has two versions which slightly differ in design and content, but in both cases the scammers try to sell you the same idea. Namely that it is a “fast and effective way to get rich” and that new members signing up will belong to an “exclusive group” of new bitcoin millionaires. Similar to previous systems we have reviewed here at ScamBitcoinRobot.com, the masterminds responsible for launching this fraudulent piece of software are affiliate networks who are operating in tandem with unlicensed offshore Forex and CFD brokers. When we signed up for Bitcoin Up the broker which was allocated to us was named Nava Gates, which is owned by Share Oracle Ltd and has a registered business address in Dominica (shady legal jurisdiction). When we checked again we found out that this broker is Blacklisted by the FCA for providing investment advise without proper certification. But that is just the tip of the iceberg. Our investigation began after we started to receive complaints about a new money-making system which was supposed to generate profits on auto pilot for its members. In reality, after victims invested their initial deposit they we contacted by rude sales agents posing as legit brokers and promptly asked to keep investing.
One of our members from Gothenburg Sweden complained that his account manager “Lester Goldman” demanded he invest an additional €5,000. The amount seemed to be very high and certain alarm bells started to ring after “Lester” started to use pressure tactics in order to illegally extract money from our subscriber (which also happens to be a single mother). So if you are absolutely convinced that the Bitcoin Up scam software is a legit trading app, we highly recommend you take a minute to read our detailed Bitcoin Up review. We urge you to use extreme caution and avoid this blacklisted trading app since we were able to produce ample proof of scam which exposes the truth and explains in detail why it is a fraudulent trading software.
Official Website, Login Page, and Members Area: bitcoinup(dot)online, bitcoinup(dot)io
Proof of Scam
OK so here is the Bitcoin Up main sales page and registration area. In the original version it’s quite plain to see Jake Tapper from CNN talking about “no banks no fees”.
And Here we have the same Tapper (duplicated in 6 documented scams) with the exact same sales pitch talking about how you can become the next millionaire and live the easy life like Bill Gates and Eric Schmidt.
Below you can see the area of the sales page where they talk about joining an “exclusive group” of new bitcoin millionaires. There is also reference towards the software’s perceived benefits. Specifically they talk about Laser-accurate performance, superior technology, and an award-winning app.
And over here you can see how this section of the website has been copied and duplicated in various formats and other scams. If you look at the red boxes we have marked you will understand very quickly that complete sections of the Bitcoin Up website have been plagiarized and recycled from older scams.
Fake Bitcoin Up Reviews
We have spotted multiple fake Bitcoin Up reviews, and unfortunately this trend is only growing. This is occurring due to two possible reasons. Websites like the one which can be seen below are getting paid to write sponsored content which has absolutely nothing to do with the real facts. But that is less problematic because these articles are clearly marked as paid promotional content. The second reason is more troubling and has to do with affiliate websites that receive commissions for every paying client which comes through their website. In both cases the content is misleading, but in the latter it is particularly deceptive.
Bitcoin Up Fake News
The Bitcoin Up scam has already been exposed for using fake news campaigns to promote this fraudulent software. In the image below you can see they are using Michael D. Higgins, who is the president of Ireland and saying he made €200,000 using a “wealth loophole” which everyone could benefit from. We have also identified fake news campaigns using Prince Harry and Meghan, Martin Lewis, Akshay Ruparelia, This Morning UK with Holly Willoughby and Phillip Schofield, Dragons’ Den, Elon Musk, Gordon Ramsay, and Richard Branson.
What Is Bitcoin Up And How Does It Work?
Bitcoin Up is supposed to be an automated bitcoin trading app which executes trades for you on auto-pilot without any need for human intervention. There are some fake review websites out there who will try to sell you the idea that there are advanced algorithms which power the software, and for that reason it performs better than the rest. This is a lie as we have already proven.
Bitcoin Up Review, Cloned App Or Profitable Algorithmic Trading Software?
The Bitcoin Up scam software is most definitely NOT an intelligent algorithm-based computer protocol which trades for you on autopilot. In one version they say that you “Make Money When the Price Moves UP”, and in the one below the scammers are saying you can “invest today and become the next millionaire”. In one case the con artists have actually decided to do a bit of search engine optimization themselves and added some deceptive content about “rumors” related to Kate Garraway, Richard Branson, and Phillip Schofield. But that is just a marketing gimmick designed to get your attention.
In the version above it is claimed that Bitcoin Up is a software which uses “the wisdom of expert crypto traders with years of experience trading for Wall Street firms”. In the original format we can see the usual boxes where they stick in copied texts about the “time leap” advantage and how it is 99.4% faster than the competition. As we have stated previously, both versions are confirmed scams! One website belongs to a dirty affiliate network named “algo signals” which uses a fake bot, and the other one belongs to a media agency which specializes in buying advertising space in search engines, social media platforms, and other advertising platforms such as Tabula (native ads). As is the case with all get-rich-quick schemes, the common denominator has to do with the fact that you are being offered unrealistic returns for a minimal investment. Additionally, we see no serious back-testing or validation protocols which are an industry standard with legit apps.
Bitcoin Up Fake Testimonials
Of course you can’t have a decent scam without some fake testimonials. It is interesting though to see that all the fake review sites are posting these images freely in their endorsement articles. Any child can do a quick google image check and very quickly find out that these images are not “real” people.
But this fact does not deter the scammers from thinking twice about using these types of false advertising tactics. In fact, they are more than happy to use it because they understand it helps them boost sales.
Is It Free?
Of course not. It will cost you at least €250 to get started using this fraudulent trading software. And the con artists who will be charging your credit card are brokers like Nava Gates who could care less about your financial distress.
Do Auto-traders Really Work?
That is probably the question we get asked most around here, and the answer is that most of them don’t. The reasons for this vary, but in most cases bots are designed to generate money for promoters and brokers (not for its members). Some bots trade indices, and commodities as well, while others stick to crypto and/or Forex. When searching for a legit trading app it’s always a good idea to do some proper research and if you are not sure just ask a friend or relative.
So while it’s true that most systems turn out to be total flops designed to fleece your wallet, every now and then a new software is launched which actually has potential. That’s when we test it, and if it generates profits consistently we add it to our recommended section. So go ahead check it out!
Bitcoin Up Review Summary, Conclusions, and Closing Arguments
The Bitcoin Up scam software, app, and automated trading system is a blacklisted trading platform. Our staff inspected this cloned website and actually invested €250 only to lose it in a matter of minutes. The Bitcoin Up demo account is set on win but when you invest you lose everything very fast. If you feel we have judged to harshly or alternatively would like additional information in regards to this latest software, please reach out and message us through our contact page or social media.