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BTC Prestige claims to be a bitcoin trading robot with a 92% win rate. According to their website, traders make an average daily profit of $2k per day using this robot. The platform also claims to offer forex and CFD trading. But is BTC Prestige a scam or legit robot? InsideBitcoins investigation finds this platform to be highly suspicious. There is a high likelihood that you will lose money if you deposit with them.
Our investigation includes a live test and also an in-depth analysis of users’ reviews. Like all scam bots, BTC Prestige operations are shrouded in mystery. They do not disclose anything about the logic behind their trading technology. Likewise, they reveal little about their founders and legal registration. This is typical of scam trading robots. Keep reading to learn more or click the “trade now” button in the table below to start trading with a tested and proven robot.
Is BTC Prestige a scam? Yes!
What is BTC Prestige?
BTC Prestige is a scam platform that masquerades as a legit bitcoin trading robot. InsideBitcoins investigation reveals that this platform does not have real trading technology. What they present is nothing but a webpage with features similar to an actual web trader but without the underlying technology. Further research shows that the brokers listed as their partners do not exist. This means that all money deposited through this platform goes straight to the founding scammer.
The scammers behind this platform use unscrupulous marketing techniques to reach out to potential depositors. You are probably here because you have received a spam email asking you to sign up with this platform for a life-changing opportunity. BTC Prestige mostly targets inexperienced traders. Their marketing approach primarily includes stories of people who have come from rags to riches by trading with the bot.
BTC Prestige also falsely associates itself with celebrities and mainstream media. While they do not directly claim being endorsed by Bill Gates, they seem to suggest so through their website. It is typical of scam trading robots to associate themselves with notable people and media. InsideBitcoins recommends that you always carry out enough due diligence before signing up with any robot. All the robots recommended in our reviews are tested and proven to be genuine. Read our Bitcoin Trader review for a legit trading bot.
How BTC Prestige works
As mentioned severally in this review, BTC Prestige is a scam. Traders who sign up with them lose money. This platform not only makes consistent losses but steals your deposit if you opt out before your account is wiped out. InsideBitcoins investigation reveals that the brokers listed as BTC Prestige partners do not exist. This means that deposits go straight to the scammer or scammers behind the platform.
Scam robots usually operate alone or in collaboration with unregulated brokers. These brokers are responsible for receiving deposits and handling customer services. The scammers behind the robots receive a commission for every referral made through their platform. Moreover, most scam robots are marketed by unscrupulous affiliates who receive a cut of your deposit when they trick you into signing up. These affiliates are likely to use all forms of trickery to get new signups. InsideBitcoins recommends that you always do enough due diligence before depositing money with any robot.
Why you should not sign up with BTC Prestige
BTC Prestige: Key Features
BTC Prestige is a scam, and you won’t make any profits through it. InsideBitcoins investigation shows that it takes less than an hour to blow a trading account through this robot. Moreover, we have determined that they do not have any proprietary trading technology. Their trading platform is nothing but a webpage meant to trick traders into believing that they are participating in real trading. This is a common trick among scam trading bots.
BTC Prestige verification process is not secure. Hackers can copy any data submitted through their website and web-trader. Their website and the trading platform lacks encryption. This means that cyber attackers can intercept traffic and read the data provided through the platform including billing details. As mentioned earlier, BTC Prestige doesn’t have a defined personal data protection policy. This is typical of most sham trading platforms.
The goal of the scammers behind the BTC Prestige platform is to steal deposits. This means that you won’t make any profits through the platform. Our investigation shows that those who attempt live trading through the platform lose their entire deposit in less than an hour. Moreover, they won’t allow you to withdraw your deposit if you opt out before your trading account goes to zero.
Scam robots tend to have a lot of negative reviews. InsideBitcoins recommends that you stay away from robots with generally negative reviews. Also, avoid those with few but perfect reviews since they are likely to be fake. Most people who try BTC Prestige report losing money. There are also a lot of complaints about this robot using deceptive marketing. A good number of reviewers report receiving spam emails requesting them to make additional deposits. There are also complaints about BTC Prestige sharing users’ personal information with other scammers.
Poor Customer Service
BTC Prestige only provides email as the channel of communication. Our live test shows that their customer service is mostly unresponsive. You will only receive a reply from them if you are enquiring about deposits. Like most scammers, they are likely to block you if you insist on making a withdrawal.
InsideBitcoins can confirm that all the brokers listed by BTC Prestige as partners do not exist. This means that all deposits go straight to the scammer behind this platform. We recommend that you stay away from this robot. Read our review of Cryptosoft for a legit trading bot that only partners with top ranking and well-regulated brokers
Is BTC Prestige a Scam? The Verdict!
BTC Prestige is a big scam. Traders who try this robot end up losing money. The scammers behind this platform mostly reach out to potential victims through spam marketing. Once you deposit money with them, they redirect you to a fake web-trader that reports predetermined losses. BTC Prestige does not refund users trading capital. Once you sign up with them, consider your money as lost. InsideBitcoins conducts rigorous research to help you identify legit robots. Click the ‘trade now’ button in the table below to start trading with a legit robot.