Bitcoin Loophole Review: Scam Bot or Legit? Our Analysis ByPatrick WebberPRO INVESTOR Updated: 13 October 2021 Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Bitcoin Loophole is an automated trading system – aka bot, or trading robot – that claims to make traders money by buying Bitcoin and selling it at the right time, claiming to have a win-rate of up to 88%. In this updated Bitcoin Loophole review for 2024, we test the claimed profitability to assess whether or not it’s a scam, a fake app, or worthy of investing your time and money on it. We will also clarify all you need to understand before getting started auto trading with platforms like Bitcoin Loophole on the crypto market. The Bitcoin Loophole software claims to have been featured on Dragon’s Den and to offer its users large profits from a minimum deposit of $/£ 250 – claims we’ll examine in this review. On this Page:Contents [show] You may have read about the Bitcoin Loophole software after seeing a Facebook ad claiming it’s made people wealthy. You may have also seen that the app appeared on TV programs such as This Morning, Dragon’s Den and Shark Tank, and was used as one of Holly Willoughby Bitcoin systems. In our Bitcoin Loophole review, we found it to work with the correct crypto trading settings. We also found testimonials of users claiming to have turned our initial minimum deposit of $250 into profit in a few hours. This is not the fortune that some ads claim, but a decent, realistic profit. Read on to see how it performs in the cryptocurrency market… Is Bitcoin Loophole Legit? The Internet is always full of contrasting reviews when it comes to crypto trading platforms. That is why we have analysed Bitcoin Loophole. From testing the software on a cryptocurrency market and reading user testimonials and reviews, it seems that Bitcoin Loophole is as legitimate as Bitcoin Pro which meets some of the expectations it creates on the website. Judging from the fast withdrawals from the payout system, no hidden fees, customer service system, Bitcoin Loophole appears to be a reliable crypto market platform to trade on. Bitcoin Loophole also provides the possibility to have a account before asking you to deposit real funds. Having this possibility is definitely a useful resource, especially for beginners to the cryptocurrency market. You will be able to access the crypto trading system functions on the platform and will be able to place trades with a demo “live trading session” of $1,500. Is Bitcoin Loophole A Scam Or Serious? The Verdict! At InsideBitcoins, we have made efforts to confirm if Bitcoin Loophole stock trading apps are reputable and the following are our observations. 1) The software was tested by our team and was found to be reliable in the cryptocurrency market 2) Bitcoin Loophole claims to have a win rate of 88%. 3) This automated trading platform is not a scam, however, it is important to note that there are risks trading on it. 4) We recommend that you start with Bitcoin Loophole by depositing the minimum investment which is $250. 5) Click here to start trading cryptocurrency with this trading robot today. Open account What Is Bitcoin Loophole? In case you have not heard of the trading robot Bitcoin Loophole, it is one of the most popular crypto market bots, with thousands of users across the world. Like Bitcoin Trader, Bitcoin Lifestyle and other reliable auto trading robots, the Bitcoin Loophole software brings users an auto-pilot cryptocurrency trading option, which claims to be able to generate great profits in little time. On top of this, Bitcoin Loophole offers trading tools that are simple to learn and allows you to follow your preferred investment strategies to help you in your needs of the trading system. Bitcoin Loophole has gained popularity because of how easy it is to use. Thanks to Bitcoin robot software like this, a world that was once impossible to understand unless you were a finance expert is now within anyone's reach. All you need is $250 and a little patience and you can get crypto trading in no time! We believe it is a good platform to use for trading Bitcoin and other cryptocurrencies, especially for beginners to the crypto market. According to user reviews, we found online, people have been able to change their lifestyle completely thanks to their trading sessions. Many claim that the auto trading platforms have given them the ability to be debt-free and to afford a life of luxury and travel. If you want to know more about the trading process and how to store it, we recommend checking out our bitcoin trading guide. Bitcoin Loophole Exposed - How Does The Bitcoin Loophole Software Work? Bitcoin is one of the few high-tech software platforms capable of predicting changes and movements in the crypto market and place trades in the cryptocurrency market accordingly. The robot's algorithm is able to make thousands of trades in the crypto market per minute and they assert that most of the trades placed are profitable thanks to the fact that it is 0.1 second ahead of the cryptocurrency market trends. In order to trade on the cryptocurrency market, you will of course have to deposit funds first. The minimum required for you to start trading in the crypto market is $250. Once you have done that, this software, like Cryptosoft, Bitcoin Code and all the other reliable robots, pool together all the money deposited by users around the world and automatically invest it at the best time to attempt at making money for their users. This means that according to the software, the more you invest, the more chance you have to make money. However, we recommend taking it slow. There is always a risk warning of losing funds during a trading session, so you should start by investing small amounts. If you see that you are making profits, you can start depositing more money to grow your Bitcoin loophole account. Another important thing we suggest doing is to withdraw some of the money you earn. You should never re-invest everything because whenever you invest, there is a risk that you will lose all your disposable income. By withdrawing some funds - known as taking profits - over time, you will be sure to break even no matter what the outcome of your trading session is. How To Register An Account With Bitcoin Loophole? In this section we will run through the Bitcoin Loophole registration process, demo trading feature and deposit process to get you to the trading stage where you can hopefully start making a Bitcoin profit after you login to Bitcoin Loophole. Step 1: Account Registration Bitcoin Loophole signup The account registration form for the auto trading platform should only take you a couple of minutes. After that, you will be able to either try the Bitcoin Loophole account or place funds into your Bitcoin account and start your trading experience. To complete the account registration, you first need to provide a full name and email address. Then type in a password of your choice. The password must be between 6 and 10 characters and must contain both numbers and letters to improve its security. You are then required to choose your country and provide a phone number. Step 2: Deposit Bitcoin Loophole Deposit Process After you have completed the trading account registration process, you will be redirected to a page asking you whether you want to start trading cryptocurrency in the live crypto market or try the demo Bitcoin Loophole account first. If you click on “start trading”, you will be directed to the deposit portal. You are required to deposit a minimum of $250 to start crypto trading. You can pay in multiple fiat currencies via a credit card like American Express or debit cards but also PayPal, Skrill, Maestro, WebMoney and much more. The availability of these payment methods also depends on the country the user is operating from, so do not be surprised if you do not see them as the payment options listed. Cryptocurrencies like Bitcoin and Ethereum are also accepted as forms of payment (Learn more about how to buy Ethereum with PayPal). Step 3: Demo Trading Feature Bitcoin Loophole Demo Account Demo trading gives the Bitcoin Loophole account holder a proper overview of the auto trading platform. This version of trading helps the auto trader understand the different functions of the platform and how to understand the trading activity. Through demo accounts, you will also be able to learn about different aspects of the trading account, such as the sections of the auto trading platform dedicated to your total balance, winnings, dashboard, current trades, trading history, cryptocurrency markets, open orders etc. When trading in the demo mode, you will be given $1,500 trading capital. Once you activate the auto-trading mode/manual trading, you will be able to see how the Bitcoin Loophole works and get familiar with it. The demo account is a perfect practice round for novices and live trading with real funds is much easier once you have tried the demo account. Whenever you are ready, you can deposit money and start trading on the cryptocurrency market. Step 4: Trading Bitcoin Loophole Trading Platform Once you have deposited funds into your Bitcoin Loopholeaccount, you will be suggested to change the trading settings based on your manual trading preferences. You can change daily stop loss, maximum trades per day, daily profits and more. You can also choose the currency pairs you wish to trade with like Bitcoin and Bitcoin Cash. When you are satisfied with your choices you can simply activate the auto-trading mode and wait for the investments to be placed. Making you money in cryptocurrency markets if you understand the trading processes. Note: If you are not sure about live trading with real funds on this auto trading platform, no problem. You can still try out the demo account. In demo mode, you will be able to have access to all the Auto/manual trading functions, including placing real trades. Click here to give it a try. Bitcoin Loophole: Key Features The Bitcoin Loophole official website states that you have a chance to earn up to $13,000 in 24 hours with their trading app. While that may not be the case for first-time users due to their lack of trading experience with the crypto trading world, the testimonials page claims that it is possible to make profits with this trading app if you use the correct settings. The verification system is very simple. After you have typed in your first and last name, email address, password and phone number, the last step is the deposit. To place funds into your new account all you have to do is provide payment details. No other identification documents will be requested for the verification process. The auto trading robot withdrawal system claims and our test confirms it, that withdrawal requests are processed in less than 24 hours, which means that when you want to cash your profits, you will see it in your bank account in less than 24 hours thanks to the speedy withdrawal system cryptocurrency markets. Depositing funds is also very simple thanks to the variety of payment methods and fiat currencies at disposal. Your Bitcoin Loophole account registration is completely free and there are no fees when the money is channelled through brokers. No commission has to be paid either. Unfortunately, there are no user reviews published on the website but are available around the web. Many websites we have reviewed suggest that this app is easy-to-use and that profits are relatively easy to make. Of course, publishing a few reviews would improve the website, but overall, the fact that these are not available on their website does not make much of a difference. The customer support system can be used at any time during the day and night. It is available 24 hours day 7 days a week. We have tried contacting them both in the middle of the day and late in the evening. Both times the customer support system responded promptly and nicely. If you will ever need them, they will certainly be able to help you. The funds you possess in your Bitcoin Loophole account always go through online brokers with these auto-trading systems. This means that your funds are invested in assets through the brokers that are available in your country and at that point in time. Do not worry, all the brokers that Bitcoin Loophole is linked to are safe and reliable. Bitcoin Loophole Versus Other Robots Why Trade With Bitcoin Loophole? There appear to be several reasons why users enjoy trading with Bitcoin Loophole. Most of the other robots always have some complicated aspects such as hidden fees or bad platform design. Here is what you can expect from Bitcoin Loophole: Bitcoin Loophole offers a demo account. Having this option is a demonstration of reliability because its aim is to allow customers to familiarise themselves with the auto trading platform before real money gets involved. Not all software of this kind offer a live trading session in demo mode to avoid having users try the platform before depositing money. Bitcoin Loophole is user friendly. Both the website and auto trading platform on this software are user-friendly. The website is very easy to navigate through and you will be able to find all the information you need about the auto trading system. The live trading platform is very simple and intuitive but at the same time maintains several more complex tools. This makes the trading process suitable for both beginners and more advanced customers. Bitcoin Loophole has a claimed success rate of 90%. The software claims to have a remarkably high success rate at picking up trading signals, ranging somewhere in between 88% and 92%. This means that according to the software, whenever your trade is placed, the software is around 90% likely to have placed a profitable investment. Please remember that there is always a chance to lose part or all of the money you invest. Fast withdrawals. We have already mentioned this, but it is important for us to stress it because not many robots offer such great service when it comes to the withdrawal process. Withdrawals are processed within hours and can take up to one day only. Many other robots can take up to 10 or 15 days. Can You Make Money With Bitcoin Loophole? The Bitcoin Loophole's website claims that users can make up to $13,000 in profits per day with minimum investor intervention. According to our test, we have found that this is exaggerated, however many users have reported having had positive experiences on the software. There are also a few tips that you should keep in mind whenever you trade on this or any other auto trading Bitcoin robot like Bitcoin Era or Bitcoin Evolution. Here are some valuable strategies to help you make money crypto trading with this software: Start small. We always try to make sure that users do not throw themselves into new investment tools by investing huge amounts of money. Especially if you are inexperienced and are using the platform for the first time, we advise you never to invest more than your disposable income. Please deposit $250 only on your account for your first trades. If you find the functions and proceedings of the platform suitable for how you think your ideal platform would work, then feel free to invest more money. Withdraw 25% of your profits. You should of course reinvest the money you make but not all of it. Our suggestion would be to withdraw at least 25% of your profits and reinvest the rest, otherwise you will risk losing your profits as well if you invest everything. Follow expert’s advice and continue educating yourself. You can find tons of online videos and tutorials on the best strategies you can use to trade on these kinds of auto trading platforms. Find the one you prefer and give it a try on cryptocurrency market. It is always good to have some background knowledge before you invest funds on a crypto trading platform. Only invest what you can afford to lose. Please do not invest more than you can afford to lose. There is always a risk of losing part or all of your funds when crypto trading, so make sure you invest normal amounts each time. We understand that $250 may be too little for some people who want to make larger profits. Just make sure that you stay within the limits of your financial possibilities. Has Bitcoin Loophole Software Been On TV? Bitcoin Loophole has never been on TV. Despite the rumours that may be circulating on fake news platforms, the software has never been advertised on any television channel. Dragon's DenShark TankThis Morning There are several reports circulating Web browsers on crypto trading platforms appearing on UK TV show Dragon's Den. The rumours have created suspicion and controversy as to the authenticity of the software. In fact, as reported on the mirror, Martin Lewis of Money Saving Expert has been used more than once to promote scams on Facebook and other social media. A public piece read how Jenny Campbell of Dragon’s Den invested over £180 and gained close to £150 in 3 minutes using one of these software. These advertisements are merely marketing strategies that have been used by shady webmasters to get more users to sign up to the scams, in the hope of creating more affiliate marketing sales for them. We can confirm that the Bitcoin Loophole operating system does not agree with these false Dragon's Den advertisements and that the acclaimed public figures have no relation to the software. Despite the rumours going around online, Bitcoin Loophole has never been advertised or appeared on Shark Tank either. If you ever run into news that talk about this, they are likely to be fake. There have been claims that Bitcoin Loophole was shown as featured in the UK TV show This Morning. Upon looking on the internet, and even Youtube, InsideBitcoins couldn't find anything that reinforces this claim. This information appears to be false. Has Bitcoin Loophole Been Endorsed By Celebrities? There are also rumours about Bitcoin Loophole and several celebrity endorsements. Apparently, people behind some celebrity social media accounts have been publishing posts in which they claimed to be using certain crypto trading platforms and some claim that Bitcoin Loophole was involved in the matter. The platform is in no way linked to these endorsements which turned out to be completely fake, as stated by the real celebrities. Peter JonesElon MuskGordon RamsayJim DavidsonCharlie Brake As one of the top faces on UK’s Dragons Den, Peter Jones’ identity has been used many times in false rumours tying the software to him. However, Peter Jones released an official report on his Twitter account where he denied the financial deal. It is important to note that whilst Bitcoin Loophole is a legit robot, users should be aware of false endorsements made by celebrities. Other interesting rumours involving Bitcoin Loophole and entrepreneur Elon Musk made rounds on the internet. It is true that certain scams were using Elon Musk's image to promote the product. They claimed that the Tesla co-founder is planning to step down from his role at Tesla to fund the developers. The software’s buyout clause was said to have been worth €250 million of which the arrangement is more of a takeover from the developers. However, all of these are all marketing strategies as Tesla released an official statement stating that none of the information is true. The auto trader Bitcoin Loophole was never linked to such false endorsements. There are claims that Gordon Ramsay, the well-known British Billionaire chef, has Endorsed Bitcoin Loophole. InsideBitcoins investigation reveals that these are lies. We contacted Bitcoin Loophole in this regard, and they denied any Gordon Ramsey Bitcoin Loophole endorsement. We have determined that these claims are from unscrupulous affiliates. Bitcoin Loophole has promised to take action against any affiliate tarnishing its name through misleading marketing. InsideBitcoins recommends that you always carry out enough diligence before settling on any tech product. The use of deceptive marketing techniques is common with most affiliates even for genuine products such as Bitcoin Loophole. Never buy a product based on celebrity endorsement. InsideBitcoins makes the research easier for you through comprehensive reviews like this one. We can confirm that Bitcoin Loophole is legit and worth a try. The English Comedian Jim Davidson has been said to endorse Bitcoin Loophole and many other auto trading robots. This, however, has been confirmed by him to be false. He has not endorsed any auto trader robots and hasn't even heard of Bitcoin Loophole till these rumours started. The socialite Charlie Brake, who got to be known due to his appearance on UK's Love Island, has confessed to his fellow islanders that he is actually a millionaire. Brake, however, never endorsed or invested in any Bitcoin trading software such as Bitcoin Loophole. His family's inheritance comes from the food industry. Has Bitcoin Loophole Been Featured On Any Websites? You will find spread around across the internet, a diverse array of websites which claim that Bitcoin Loophole has been featured on. You can find some of these websites listed below. Bitcoin Loophole And Reddit Rumour has it that Bitcoin Loophole and other auto trading software have been all over reddit. In case you are wondering what reddit is, it's commonly called the front page of the internet. It's a social media platform for sharing news and stories or insights. If you search around reddit you will only see people's comments on Bitcoin Loophole, but they are biased. A lot of people are making money live trading with Bitcoin, and some of them even used auto trading software to help analyse the crypto market trends. Bitcoin Loophole is simply a trading tool that helps people in exploring the crypto environment. Bitcoin Loophole And Youtube Rumour has it that the creators behind the official Bitcoin Loophole website have made a video on Youtube showing how Bitcoin Loophole works, and how to get started with the auto-trading system. You will also see many users who claim that the Bitcoin Loophole operating system is a scam, and are unhappy with their results with the trading app. Unfortunately there are no ways to predict whether a user has or hasn't been successful when trading with Bitcoin Loophole. Bitcoin is a very complex asset, and there are risks involved when trading with it. There are also high rewards for those who are successful in trading in the cryptocurrency market, and Bitcoin Loophole is just one of the many tools. It was so successful the US Trading Association voted it the best trading tool for cryptocurrency investors. Does Bitcoin Loophole Have A Mobile App? We have tried to search a mobile app on both App Store and Google Play. However, we were unable to find one, which means that an app to access the software is unavailable. However, you will still be able to access the platform from your mobile phone or tablet and trade on-the-go because it is web-based which means that all you need is an internet connection to use it. Bitcoin Loophole Review: The Verdict! Although crypto trading platforms cannot be compared to stock exchanges or brokers, these platforms earn primarily just by providing investment services. The Bitcoin Loophole software is one of the most best trading platforms and for this reason we decided to look into it to find out whether it is a scam or not. It is not. Make sure you start off with small sums of money to see how it goes in the cryptocurrency market. If you are happy with it, feel free to make larger investments to try and earn more and faster. Automated Trading on Exchanges An alternative to using a bot is to use the copy trading feature on eToro - this FCA and CySec regulated cryptocurrency exchange allows you to replicate the trading decisions of a winning, profitable trader of your choice, or a combination of several. InsideBitcoins recommends diversifying your portfolio by allocating part of your funds into a long-established, safe and reputable platform such as eToro - never invest 100% of your cryptocurrency into one trading bot or hold it on one website, broker or exchange. Start with a minimum deposit on any platform you use, and make a small withdrawal as a test. Coptrading on eToro is similar to using a bot in that you can grow your investment without having to monitor it, trade yourself or make any decisions - all buy, sell, take profit and stoploss orders are automated. eToro - Automated Copytrading Our Rating Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by 30 Million Users Start Copytrading Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. FAQs Is Bitcoin Loophole a Scam? Bitcoin Loophole is an automated trading software that claims to make people money by buying and selling bitcoin at the perfect time. Bitcoin Loophole has claims of up to 88% win rate of the trades placed. There have been claims online about Bitcoin Loophole being a scam, however you can read more information in our Bitcoin Loophole Review What is the Minimum Deposit Required for Bitcoin Loophole? Bitcoin Loophole is free to use as an automatic crypto trading software. Bitcoin Loophole is connected to a range of selected brokers, which usually require a minimum deposit of £/$ 250 to use. Is Bitcoin Loophole Endorsed by Peter Jones? There are rumours about the Dragon and Irish entrepreneur Peter Jones having endorsed Bitcoin Loophole. The Dragon has, however, confirmed via a tweet that this is fake. Has Bitcoin Loophole appeared on Dragons Den? Dragon’s Den is a TV show where the successful businessmen known as Dragons invest in entrepreneurs and business that are looking for funding. We haven’t found anything on the internet that links Bitcoin Loophole to Dragon's Den. There are images online, sure, but no source or confirmation for this. Is there a Bitcoin Loophole App? Unfortunately Bitcoin Loophole does not have an app, but their platform is mobile friendly and can be accessed via the web browser on your phone. Can You Make Money with Bitcoin Loophole? Bitcoin Loophole is a popular automatic trading system known as Bitcoin Robot. Many users have been known to make money when trading with Bitcoin. The best advice we can give you regarding this question is to read our review, try it for yourself and take your own conclusions.