As promising as the cryptocurrency sector has been since inception, it is also awash with scams. The ease with which criminals perpetrate scams is one of the major reasons critics beat down the sector. While these scams are not exclusive to the cryptocurrency sector, the very nature of the market might make it a bit easier to execute these scams. Of the most popular scams running today, the Bitcoin Pro ‘family’ seems to be in the lead.
How Bitcoin Pro ‘Works’
Bitcoin Pro is advertised as an investment platform pulls in amazing rewards for members of its community, and is reserved for prospective millionaires. According to Bitcoin Pro, its proprietary software has a 99.4% level of accuracy, which ensures there is only a 0.6% chance of losing money. Also, Bitcoin Pro claims that its algorithm for trades is the fastest in the market, helping it make predictions for trades.
Bitcoin Pro also demands a minimum of $250 as initial investment capital. Supposedly, this amount is only used to make trades and can be withdrawn at any time, without any charges. Bitcoin Pro promises that anyone can make $1,000 daily, and even more.
Bitcoin Pro also somehow creates news stories, which portray celebrities endorsing the platform. These images are used for promotion, to sway people into thinking the celebrities verify the platform. James McAvoy, Daniel Radcliffe, Sir Richard Branson, and Gordon Ramsay, are just a few of these celebrities.
With these promises, Bitcoin Pro convinces unsuspecting victims that they will become millionaires by just putting money. However, more than a few things don’t seem right.
Firstly any investment platform that promises accuracy as high as 99% should not be taken seriously at all. While it is possible to make 100% in Bitcoin returns, there is absolutely no way to guarantee the practicality of high profits. Also, Bitcoin Pro, as earlier mentioned, does not charge anything on capital paid into the platform. Supposedly, users may withdraw all of their capital, including profits made, at any time, and with no charges. The fact that the platform supposedly helps you make millions without charging any commission is fishy.
Also, some people who have signed up to Bitcoin Pro have been reportedly assigned to a broker – RI Markets -, to continue the process. RI Markets is however quite infamous for fraud.
It’s crucial here, to also add that Bitcoin Pro also seems to be part of a family of related scams. These websites seem to contain pretty much the same information. They promise entrance into an exclusive group of prospective Bitcoin millionaires, more than 99% trading accuracy, and that they are all faster than all others. Like Bitcoin Pro, these websites have a video of CNN anchor Jake Tapper, talking about Bitcoin, exploiting his words to fit their agenda. Some interesting examples of these scams include Bitcoin Evolution, Bitcoin Trader, Crypto Revolt, Crypto Exchange, and Bitcoin Rush.
Choosing to sign up on any of these platforms and pay the initial investment capital, is losing the money. After paying, registrants may also be bombarded with greedy sales reps, who expect you to do more. Several reports have shown that some people get attacked with calls, trying to convince users, to make more significant investments.
Bitcoin Pro is not a legitimate platform and should be avoided completely.
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