Menu Review: Profit BTC is Scam Review: Profit BTC is Scam

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Profit Bitcoin or Profit BTC is a scam trading software. It is presented by a professional actor who uses the pseudo Richard Watson. Mr. Watson claims that in the last 90 days, people have made millions with Bitcoin. He claims that over 13,837 USD were cleared from their checking account 24 hours after signing up for the Profit BTC beta. As the video progresses, we realize that this video is the same clip that was used for marketing the Bitcoin Code scam. 

The software is allegedly going to make you a millionaire in a short time. The video is even showing a few people who claim to have made their first million literally overnight, thanks to the fact that they chose to use the Profit BTC software. The presenter now wants you to sign up because he wants you to join the millionaire’s club as well. And the good news is that this crook wants you to sign up for free. There is a catch somehow, don’t you think?

Profit BTC

To find out what the catch is, we decided to watch the entire pitch video which is obviously a copy paste work from previous scams which we have reviewed here before. The software which he now calls profit BTC has been recycled hundreds of times before. Each time they introduce it, they use a different name. The scammers are also different but they are using the same generic app for trading Bitcoin to cheat users and steal their money in the process. So this software is actually not free. It will cost you $250 in trading deposit since you will end up losing the entire amount with the option to get a refund.

If you want to get involved with trading, our advice is that you should invest in a premium grade software. That means you should stop wasting time on robots that are provided online for free on the condition that you must sign up with a recommended broker. Most of them are mere acts of scamming people. In case you are wondering where to purchase licensed trading robots, we advice that you should go to this page and pick what is relevant to your needs.

Profit BTC Review

At this point, we feel that we should start off this section by mentioning that Profit BTC is the same software that was branded as Bitcoin Code, Bitcoins Wealth and iBitcoin Code. There are some other perfect examples of the same software being offered on the internet right now. Since they are in their hundreds under different names, we can’t possibly lists all its variants here. But the main thing is that it is a scam software.

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Now,the most obvious indicator that Profit BTC is a scam job is the fact that the presenter is making use of a character that does not exist. The name Richard Watson (which has been represented with a stock photo) cannot be traced down to the identity of a real person. This begs the question of why this sales person would lie about the ownership details of this software. If Profit BTC is the real deal, they should be proud that they are offering a product that works. There would be no need to hide their faces behind a computer and a keyboard.

In the German version of the scam, the stock photo has been attributed to the name Richard Reichet. This is solid evidence that Profit BTC is a scam that won’t make you any money. Instead, it will trade your account to losses with no possibility of ever getting a refund.

The fake testimonials

Fake testimonials are a common place on the internet. By the way, the people you see on the pitch video have been paid a small amount of money to submit videos of their acting. You can see that they are claiming to have made a lot of money with this software but are producing zero proof of where the income came from.

One picture of a man who claimed to have earned millions of dollars from this app was found on fiverr. It belongs to a fiverr actor who was paid to act this part of the video. You can rest assured that these actors are not traders and have never used this trading bot before. The reason they are lying on camera is because they wanted to get paid and they did a great job.

Testing the software

Gaining access to the software is not that difficult. You sign up with their recommended broker but don’t give them your credit card details because they will most likely steal your money. You cannot activate the software until you have deposited a minimum of $250. But since we have experience on these matters, we saw that this was the same binary options trading software that we had encountered in the last 3 years. Only names had changed. Colors too for the sake of rebranding a scam and pushing it out in form of a legit trading app for Bitcoin.

Having discovered what was happening, we never proceeded because we obviously knew that this was a scam that we had encountered before. So do not be perplexed when you sign up and come across an interface that looks tempting. It is all a scam job.

The truth

When you sign up and make a deposit (assuming you are a naive trader), the most likely thing shall happen. You will lose that money. The broker that you will be working with is obviously not regulated and there is no way they can qualify for authorization since this is binary options. The software will start trading your money to losses. It only stops when your account has a zero balance.

Our best advice for you

Profit BTC is a total scam and what you should expect is a loss of your account balance. You must be serious with your trading, and one way of making sure that you won’t be scammed is by investing in decent trading apps. Find them here.

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3 Replies to “ Review: Profit BTC is Scam”

  1. Stay away from this one . i placed 250 euros to start then was called a couple of times saying i had a profit of 4500 euros and to make an authorization to receive by parcels this money. I later found out i was duped (mislead) into authorizing an extra deposit of 500 instead of authorizing the money going to me. I am going to file a complaint with my credit card.

    1. i got the same. i trade $300 dollars then $720 for withdrawal fee again they asked me $1550 for authorize fee so i gave up

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