Bitcoin Key is a viral platform that alleges to be a high-profit bitcoin trading robot. But is it legit? As usual, our investigative team has carried out in-depth research and determined that Bitcoin Key is a scam. This platform uses all manner of lies to get signups. The majority of individual consumer reviews we have come across confirm that Bitcoin Key is a terrible scam.
Our investigation reveals that this platform not only steals deposits but also exposes users’ data to scammers. There are many complaints about people receiving phishing emails after signing up with this platform. It is no wonder that the spam emails are the primary mode of marketing used by Bitcoin Key.
In this review, we will look at the tell-tale signs that show that this platform is a scam. We will also present alternative robots and give tips on identifying legit robots. Keep locked to learn more or go straight to a legit robot by clicking the ‘trade now’ button in the table below.
Is Bitcoin Key Legit? No!
- InsideBitcoins gives Bitcoin Key a legitimacy score of 2% – This platform uses unscrupulous marketing techniques to get signups
- Bitcoin Key partner brokers and web-trader is fake – Our live test shows that their web-trader does not connect to any legit broker
- InsideBitcoins investigation finds this platform to be unsafe – Their website lacks encryption and appears to share users’ data with third parties
- Keep reading to learn more or visit Bitcoin Trader for a legit robot
InsideBitcoins determines legit robots through a series of tests, including a live trading test. We deposited a minimum of $250 with Bitcoin Key and lost it all in a few hours of live trading. This is not unexpected of a scam robot since they are usually configured to report predetermined losses.
Our investigative team live test also concluded that the web-trader provided by Bitcoin Key is not genuine. The fact that anyone who tries this platform report losses in the same frequency shows that the results given are not from live trading. We also found that the brokers they list as partners are a scam. These brokers aim to solicit deposits after which they go missing in action.
Once deposit with them, there is no way to recover it since they are not under any regulatory jurisdiction. Moreover, traders who demand capital withdrawal are taken in circles and eventually get blocked from the platform.
Bitcoin Key – Our Test Results Explained
InsideBitcoins gives Bitcoin Key a legitimacy score of 2%. This scam platform relies on misleading marketing techniques to get new signups. For instance, their website is full of fake stories about people who were paupers before they came across the robot. The stories include fake photos of people bathing in cash, driving luxurious cars and flying in private jets.
Scam robots are known to use emotional marketing since their main target is usually naïve and financially desperate wannabe traders. While scam robots may not be hard to detect for experienced traders, new traders often find themselves falling into their trap. Our goal is to ensure that you have factual and comprehensive information about a robot before signing up. Visit our Top Bitcoin Robot 2019 review for legit robots that you should try in 2019.
On accuracy, we give Bitcoin Key a zero percent score. This is because there is no chance that you will make any money through it. As mentioned above, it is a scam that makes money by tricking people into depositing money with sham brokers. These brokers do not participate in any live trading. Furthermore, we find Bitcoin Key to be unsafe, given its unsecured website and web-trader. Moreover, this platform appears not to have any data protection guidelines in place.
We also find their customer service to be terrible, especially when it comes to withdrawal inquiries. Our live test shows that they rarely respond to inquiries unless they relate to how to make a deposit. This is typical of most scam trading robots.
More reasons why Bitcoin Key a scam
Bitcoin Key is one of those viral scam robots that are taking advantage of the latest bitcoin haze. We can confirm that this platform is owned and operated by seasoned scammers. These scammers operate in cahoots with sham offshore brokers. When you deposit with Bitcoin Key, the money goes to your matched scam broker. The scam broker in return gives the Bitcoin Key scammers a share of your deposit and keeps the rest.
Like most scam robots, the trading platform provided by Bitcoin Key is not genuine. Our investigative team finds a lot of red flags that suggest that it is just a webpage that mimics a real web-trader. For instance, all traders who try this platform report making consistent losses in the same frequency. In our live test, we lost a deposit of $250 in three hours.
A rigorous analysis of other previous users’ reviews reveals that traders lose their deposit within the same period. We are 99.9% certain that like most scam robots, the Bitcoin Key platform is a mock web-trader that is set to show predetermined results. The goal is to trick traders into believing that their money got lost during real-time trading. However, there is no live trading involved, and any money deposited through this platform goes to the scam brokers behind the platform.
Bitcoin Key unsafe signup and trading process
Our test on the Bitcoin Key reveals that their website and trading platform are unsafe. Firstly, their platforms lack encryption, which means that any data submitted through them is readable. This means that hackers can copy it if they manage to intercept the web-traffic. Encrypted websites, on the other hand, protect users’ data by converting it into machine language.
Websites without encryption are always flagged as “Not Secure” on Chrome and Mozilla browsers. Their URL prefix is usually HTTP instead of HTTPS. Bitcoin Key lacks encryption even on the deposit page, which means that your billing information is at risk if you deposit with them.
Why trade cryptos through a robot?
Bitcoin price volatility is at its peak again, which means that traders have yet another opportunity to make millions. The highest profitability is in auto-trading, given that traders can capitalize on both the rise and the fall. Consequently, bitcoin trading bots are in high demand.
The high demand is also fueling scams such as the Bitcoin Key fake robot. Studies show that at least 90% of all trading robots are a scam. This explains why it is essential to be extra cautious when selecting a trading robot.
InsideBitcoins aims to separate the wheat from the chaff by providing comprehensive and unbiased reviews. We recommend that you visit our main robot page to learn about our robot rating criteria. Our investigation takes into account multiple factors revolving around transparency, reputation, ease of use, customer service, and safety.
Top robots such as Bitcoin Trader scores best in all the five core areas. Read our Bitcoin trader review to learn more. Even better, Bitcoin Trader is fully automatic meaning that anyone including a complete beginner, can use. The robot is free and requires a minimum deposit of $250. There are unconfirmed rumors that this robot will soon introduce a license fee. We recommend that you grab the opportunity now to get the most out of this robot.
Is Bitcoin Key a scam? The Verdict!
Bitcoin Key is a scam, and we recommend that you avoid it. The platform operates in partnership with scam brokers with the sole goal of defrauding traders. Our investigation also reveals that this platform exposes users to more harm by selling their data to other scammers.
InsideBitcoins suggests that you only trade with tested and proven robots. Bitcoin Trader tops the list of our recommended trading robots for 2019. We have tested this robot and confirmed that it is highly profitable. An analysis of other users’ reviews reveals that most make an average daily profit of $1500 per day.