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Bitcoin Loophole is an automated trading software that claims to make people money by buying and selling bitcoin at the right time, claiming to have a win-rate of up to 88%. You will find in this Bitcoin Loophole review whether or not they are a scam, a fake app, or worthy of investing your time and money on it. We will also clarify all that you need to understand before getting started bitcoin trading with Bitcoin Loophole.
The Bitcoin Loophole claims to have been featured on Dragons Den and to offer its users large profits from a minimum deposit of $/£ 250 – claims we’ll examine in this review.
You may have read about the Bitcoin Loophole 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, Dragons Den and Shark Tank, and was used by famous people such as Peter Jones and Richard Branson.
In our Bitcoin Loophole review we found it to work with the correct trading settings. We also found testimonials of users claiming to have turned our initial 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…
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 and reading user testimonials and reviews, it seems that Bitcoin Loophole is a legitimate robot which meets some of the expectations it creates on the website. Judging from the fast withdrawals, no hidden fees, good customer service, Bitcoin Loophole appears to be a reliable platform to trade on.
Bitcoin Loophole also provides the possibility to have a demo account before asking you to deposit real funds. Having this possibility is definitely a useful resource, especially for beginners. You will be able to access all the trading functions on the platform and will be able to place trades with a demo balance of $1,500.
Is Bitcoin Loophole Scam or Serious? The Verdict!
At InsideBitcoins, we have made efforts to confirm if Bitcoin Loophole app is reputable and the following are our observations.
What is Bitcoin Loophole?
In case you have not heard about Bitcoin Loophole already, it is one of the most popular crypto bots in the market, with thousands of users across the world. Like Bitcoin Trader, Bitcoin Revolution and other reliable 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 trading needs.
Bitcoin Loophole has gained popularity because of how easy it is to use. Thanks to the robot, 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 trading in no time!
We believe it is a good platform to use to trade Bitcoin and other cryptocurrencies, especially for beginners. According to user reviews we found online, people have been able to change their lifestyle completely thanks to this robot. Many claim that this app has given them the ability to be debt-free and to afford a life of luxury and travel.
How does the Bitcoin Loophole work?
Bitcoin is one of the few high-tech software capable of predicting changes and movements in the crypto market and place trades accordingly. The robot's algorithm is able to make thousands of trades 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 market.
In order to trade on it you will of course have to deposit funds first. The minimum required for you to start trading 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 to generate profits for the user.
This means that according to the software, the more you invest, the more money can make. However we recommend taking it slow. There is always a risk of losing funds when trading, 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 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 your money. By withdrawing some of it each time, you will be sure to break even no matter what the outcome of your trades is.
Opening a Bitcoin Loophole Account – Step by Step
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 app. While that may not be the case for first time users due to their inexperience with the crypto trading world, testimonials claim that it is possible to make profits with this 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.
The robot claims, and our test confirms it, that withdrawal requests are processed in less than a day, which means that when you want to cash your profits, you will see it in your bank account in less than 24 hours. Depositing funds is also very simple thanks to the variety of payment methods at disposal.
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.
Customer support can be contacted at any time during the day and night. It is available 24/7. We have tried contacting them both in the middle of the day and late in the evening. Both times they 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 when auto-trading. 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
|Bitcoin Loophole||Other bitcoin robots|
|✅Bitcoin Loophole is one of the most popular and well-reputed robots because of its reported success of around 90%.||❌ Many robots have hidden fees and leave the trader with little or no profit at the end of trades.|
|✅Bitcoin Loophole requires users to deposit a minimum of $250 to start trading.||❌ Other robots tend to require higher sums, which pushes new users to take higher risks.|
|✅Bitcoin Loophole offers a wide variety of digital coins that users can choose to trade with or without.||❌ Most trading robots offer a very basic choice of assets.|
|✅Bitcoin Loophole channels funds through regulated and/or reliable online brokers.||❌Some platforms channel funds through unreliable brokers, risking users' funds by investing them on the platforms supported by such broker.|
|✅The trading platform is suitable for all kinds of users, both beginners and advanced.||❌ Trading platforms on other robots can often be perceived by beginners as too complex or by professionals as too simple.|
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 platform before real money gets involved. Not all software of this kind offer trading in demo mode to avoid having users try the platform before depositing money.
- Bitcoin Loophole is user friendly. Both the website and 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 on it. The trading platform is very simple and intuitive but at the same time maintains several more complex tools. This makes the platform 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, 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 withdrawals. 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. 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 robot. Here are some valuable strategies to help you make the big bucks trading 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 to start with small investments. Please deposit $250 only on your account for your first trades. If you find the functions and proceedings of the platform suitable to 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 platforms. Find the one you prefer and give it a try on the platform. It is always good to have some background knowledge before you invest funds on a 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 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 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.
There are several reports circulating the Web 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 TheMirror, 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 sales for them. We can confirm that the Bitcoin Loophole does not agree with these false 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.
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.
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. Bitcoin Loophole in particular 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.
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 automated 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 popular auto 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. If you are happy with it, feel free to make larger investments to try and earn more and faster.