Bitcoin Method: Scam or Legit? The Ultimate Test

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Author: Patrick Webber

In the growing world of cryptocurrencies, there are more and more platforms you can trade on designed to support you in your investment decisions even as an inexperienced user. An example of these are auto trading robots is Bitcoin Method. We have tested this particular platform and have found it to be a scam. Our suggestion would be to try Bitcoin Loophole instead. Keep on reading to find out why we consider Bitcoin Method to be a scam and everything else you need to know about it.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 85% claimed win-rate
  • $/£ 250 Min Deposit
  • Accepts Credit and Debit Card
All trading carries risk

On this Page:

    Is the Bitcoin Method a scam?

    • 1). The website has many written and video user reviews that we find to be questionable.
    • 2). We have tested the robot and have found many of the claims made on the website to be false.
    • 3). It does not guarantee any returns, and certainly not $14,000 a day as the website states.
    • 4). We have reviewed other robots that we find to be reliable. Our suggestion would be to give Bitcoin Code a try. You can check out our Bitcoin Code review on this link.

    What is Bitcoin Method, and is it a scam?

    Taking a look at the Bitcoin Method website, we did not find it to be very convincing considering that it is full of unrealistic statements. The Bitcoin Method website advertises that, with their service, users can potentially make up to $14,000 a day. However, we tested the platform by trading on it and we lost our money. That is definitely not the same as making $14,000 in one day. The website also states that the service was featured on mainstream media outlets, including Forbes, Fortune, and CNN. So, the robot should have hundreds of thousands – if not millions – of users. But that’s not the case as we’ve checked all over the internet, and there was not a single mention or reference of the Bitcoin Method system in the aforementioned media outlets.

    According to its creator, the Bitcoin Method software is capable of predicting the future price of Bitcoin but that is actually impossible. Not even human experts are capable of knowing where Bitcoin price is headed in the short term. But we can’t even predict the mid and long-term movement precisely.

    In general, based on our analysis of the Bitcoin Method website, the service is full of false promises. Instead of using it, we recommend another algorithmic crypto trading bot such as Bitcoin Revolution.

    Who founded Bitcoin Method?

    The alleged operator of the Bitcoin Method app is Joe Templeton. According to the service’s website, Joe is a “Harvard-educated cyber-security whiz”. Thanks to his excellent hacking skills, he has managed to breach the Bitcoin algorithm. He claims that Bitcoin Method is a software capable of predicting the price of BTC in advance. The website also provides a picture of Mr. Templeton. However, we’ve searched the image in Google, and found the picture to be a stock image. So either Joe is featured on stock photos besides running the Bitcoin Method app, or the image about the operator is fake. And there is a much higher probability for the second case. We believe that “Joe Templeton” is just a name created to link a person to the robot, which is a way of attracting new users. The actual identity of the developer remains unknown.

    Why is Bitcoin Method a scam?

    As we have already mentioned, our test has revealed that Bitcoin Method is a scam. We have come up with a list of a few aspects of the website that made believe this.

    Fake Logos and Widgets

    On the bottom left corner of the page when you go on the Bitcoin Method website, you will see a widget claiming that there are only 35 spots left for you to sign up for free. That is definitely a fake widget. It is designed to pressure you into signing up on the robot without thinking about it too much. During our test, we waited for the countdown of the available spots to go to zero to see what happened. Guess what? Absolutely nothing happened. We were able to sign up for free in the same way as we would have when these spots were still available. In fact, if you actually refresh the page, you will see that the countdown goes back up to 35 spots available.

    Fake Testimonials

    When you first access the website, you will see a video introducing you to the Bitcoin Method robot. At some point in the video, you will see three testimonials talking about how grateful they are to Joe Templeton for allowing them to make huge amounts of money in little time. Below the video, there are also a few written user reviews. In all the reviews, these users claim that they have been making thousands of dollars daily and they talk about how they are now able to live a happy life. We have found the people in the video to be actors paid to say those things. The written reviews on the other hand, are simply made up testimonies accompanied by random stock photos taken from the internet.

    Fake claims and rumours that celebrities have used the robot

    In the Bitcoin Method promotional video, it will also be mentioned that some people have become millionaires by investing in cryptocurrencies. For example, Satoshi Nakamoto, Erik Finman and Christopher Koch. The video is basically hinting that these gurus of the world of cryptocurrencies have made money by investing on this robot. However, this is not true. It is simply an attempt to lead potential users to believe that they can make as much money as them by using the software, but that is not the case.

    There have also been rumours that celebrities such as Elon Musk, Martin Lewis and Dragons’ Den Peter Jones have used this robot. However, we were not able to confirm whether these rumours actually are true or not. Even if they are false though, that does not make Bitcoin Method a safe platform to trade on. Our suggestion is to stay away from Bitcoin Method if you want to keep your money.

    False claims about how much money you can make

    The Bitcoin Method website states that users can make up to $14,000 a day. We have found to the claim to be false when we tested the platform. To trade on it and to have access to the trading space, we had to deposit $250. We already suspected that the robot was a scam but to be able to review it, we had to give it a try. We lost all of our money within minutes. On reliable robots like Bitcoin Trader and others, you actually have a chance to make the money they promise. Of course, it is unlikely that you will see those returns with small investments. However, you do have a good chance to make profits on them, especially if you increase your investment amounts.

    The Signup, Deposit, and Trade Process on Bitcoin Method

    The registration process is fairly straight forward. That is not necessarily a positive note considering that it may be a strategy to get users to the deposit stage as fast as possible before they change their mind about trading on Bitcoin Method. Anyway, to sign up you simply have to go on the official website. Below the promotional video or on the right, depending on the size of the screen you are using, you will be asked to type in your full name and email address. You can then click on “Get Started Now” to continue.

    At this point, you will be requested to complete a registration form by inserting a password, your country code and your phone number. Once you have done that, you will be asked whether you want to start trading or test the platform. If you choose to deposit your funds, you will most likely be redirected to a questionable broker website, where you will have to deposit at least $250 to be able to start trading. Even though the fact that the robot is linked to a broker is normal, because that is how auto-trading robots function, it is not normal that Bitcoin Method will link you to an untrustworthy broker that no one’s ever heard of before.