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14 August 2020

Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam | Bitcoin News

Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam | Bitcoin News

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Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days.

Its simple website resembles other known bitcoin investment scams that has already exposed, such as Bitcoin Trader, Bitcoin Superstar, Bitcoin Era, Bitcoin Revolution, and Bitcoin Evolution.

Bitcoin Loophole claims to be an algorithmic trading software for cryptocurrency markets that can be automated so “There is no investor intervention required,” its website details.

Besides BTC, the Bitcoin Loophole website advertises that members can also trade in a number of other cryptocurrencies — including ethereum, litecoin, ripple, monero, bitcoin cash, and dash — as well as fiat currencies, such as the U.S.

The self-proclaimed crypto trading app also states that its members “generally make a minimum of $13,000 every single day,” adding that “Little actual work is required” and “some members become millionaires within their first 61-days.” It additionally claims:.

In addition, the Bitcoin Loophole website also displays a number of testimonials supposedly from members who have successfully made money using this trading app.

Another red flag is that before logging in, the website expressly states that it is not a scam and its app is “an award-winning software.” Furthermore, the so-called trading app claims that it “has been acknowledged by major institutions such as the US Trading Association as the best trading tool for cryptocurrency investors.” This is, of course, not true as the company is not registered with any regulators and its app is not recognized by any authorities.

It may also be a shady affiliate or referral website for an offshore CFD broker, in the same way Bitcoin Evolution does for a Cyprus-registered investment company.

The Bitcoin Loophole website (after logging in) even has a disclaimer that states: “You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose.”.

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