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Britcoin System is a trading bot that alleges to help traders become overnight millionaires trading Bitcoin. The robot guarantees an average daily profit of $10k. But is it legit? InsideBitcoins investigation reveals that Britcoin System is a scam. Apart from the ridiculous earning potential claim, this platform does not have any trading technology.
In other words, it is just a cleverly built webpage set to report predetermined losses. Furthermore, the main aim of the scammers behind the platform is to steal deposits from unsuspecting users. This review takes a deep dive into the Britcoin System scam. Keep reading to learn more or click the ‘trade now’ button in the table below to visit a legit robot.
Is Britcoin System a Scam? Yes!
What is Britcoin System?
Britcoin System claims to be a trading robot for Bitcoin Trading. However, our investigation reveals that it is a blatant scam. You will lose money if you sign up with this platform. This scam aims to confuse traders into believing that it is related to the real Britcoin. For the record, the original Briticoin is the first UK Exchange to enable BTC/GBP trading. There is no relationship between the Britcoin System scam and the exchange.
Like most scam trading bots, Britcoin System relies on deceptive marketing techniques to get new signups. You are probably here after receiving a spam email promising you endless riches if you signup with this robot. Moreover, this platform also relies on unscrupulous affiliates to get new signups. These affiliates tell all manner of lies to get new signups. InsideBitcoins investigation reveals that Britcoin System pays the affiliates a commission of up to 50% for every deposit made through them.
Further research reveals that the Britcoin System scam mainly targets complete beginners. There is a lot of misinformation on their website. Additionally, they focus more on stories of people who have come from rags to riches and little on the technology. This is because they have none. What they provide is a webpage to link unsuspecting traders to scam brokers.
How does Britcoin System work?
Britcoin System claims to apply sophisticated computer algorithms for trading research and trade execution. However, InsideBitcoins research indicates that they do not have any trading technology. Britcoin System is a scam platform aimed at stealing traders’ deposit. Our investigation shows that people who try this platform end up losing all their deposit.
Trading robots apply complex computer algorithms to scan the markets big data for tradable insights and execute trades. Furthermore, top trading robots such as Bitcoin Rush depend on modern technologies such as AI and Machine Learning to conduct trading research. This gives them an accuracy level of nearly 100 percent and consequently high profitability. With Bitcoin Rush, you can generate an average daily profit of $1500 per day from a deposit of as little as $250. Likewise, this robot is fully automatic meaning that you do not need any trading experience to use it. Read our comprehensive Bitcoin Rush Review to learn more.
Who Founded Britcoin System?
In a video on their website, a man who introduces himself as Jasper Boyle alleges to be the founder. He claims to have made nearly a billion dollar through the robot and can help traders who sign up with the robot do so. However, InsideBitcoins could not verify his real identity and whether he has made such a fortune through the robot. Moreoveer, we are convinced that the Britcoin System is a scam and Jasper Boyle is just a paid actor. Scam trading robots are known to hire actors to present themselves as founders and give testimonials.
Why you should not open an account with Britcoin System
Britcoin System: Key Features
Unsafe verification process
Britcoin System verification process is insecure. As mentioned earlier, their website and web-trader are unsafe meaning that hackers can easily steal users’ data. Britcoin System requires users to verify their phone number and email. After the verification, you will receive a lot of calls from third parties with unsolicited offers.
Britcoin System is a scam that steals users’ deposits. You will lose money if you deposit it with this robot. InsideBitcoins investigation shows that their trading platform is fake. Additionally, the majority of those who try this robot report making consistent losses from the beginning to the end.
The Britcoin System does not allow users to withdraw their money. Moreover, are likely to be banned from the platform if you insist on withdrawing your trading capital. Britcoin System makes money through deposits meaning that there is no way they will allow you to withdraw.
An in-depth analysis of users’ feedback shows that most people are not happy with this platform. There are a lot of complaints about this platform stealing deposits. Furthermore, some users report that Britcoin System customer services are almost inexistent. Our investigation shows that they only respond to questions relating to how to make a deposit.
Poor customer services
As mentioned above, Britcoin System customer service is terrible. The only channel of communication they provide is email. Furthermore, our live test shows that they do not respond to inquiries unless they relate to how to make a deposit. We recommend that you stay away from this platform.
Scam partner brokers
All the brokers listed as Britcoin System partners are a scam. They are not regulated, and there are a lot of complaints about most of them defrauding people. Moreover, our investigation reveals that they share deposits with the scammers behind the Britcoin System platform. A robot that partners with unregulated brokers are likely to be a scam. Read our review of the Cryptokartal broker to learn what a legit robot-broker entails.
What to look for in a trading robot
Scam trading robots tend to have similar characteristics that are easy to identify for an attentive trader. Here are several things that you should pay attention to when determining if a trading robot is legit.
- Proven track record – Avoid robots with generally negative online reputation and those with a few perfect reviews. Read consumer reviews on independent sites such as TrustPilot
- Transparency – A legit robot should reveal crucial details such as legal registration, partner brokers, and ownership. Read our comprehensive reviews to determine if a robot is a transparency. Do not hesitate to contact us if your robot of choice is not on our bitcoin robots list.
- Customer service – Legit trading robots are likely to offer excellent customer services. Read comprehensive and unbiased reviews like this one to determine if a robot has excellent customer services.
- Accuracy level – A good robot should have an accuracy level of above 90%. InsideBitcoins conducts rigorous tests to determine the accuracy of trading robots. Bitcoin Rush, which comes highly recommended in this review, has an accuracy level of nearly 100 percent. Other top robots such as Bitcoin Code and Cryptosoft have a legitimacy score of above 95 percent
Is Britcoin System legit? The Verdict!
Britcoin System is a scam robot, and we suggest that you avoid it. This platform not only steals your deposit but is also likely to expose you to scammers. Furthermore, there is a lot of misinformation on their website. If you are looking for a legit trading robot, we recommend that you try Bitcoin Rush. We have tested this robot and proven it to be legit. With Bitcoin Rush, you can make an average profit of $1500 per day from a deposit of as little as $250. Click the ‘trade now’ in the table below to visit their website.