Bitcoin Profit Review: Is it a Scam or Legit?

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This post was most recently updated on October 1st, 2020

bitcoin profit review - Bitcoin Profit Review: Is it a Scam or Legit?

The media is saturated with Bitcoin Millionaires claiming to have made huge profits from trading on the cryptocurrency markets. We decided to start doing research on the tools that investors are using. In this review, we will be focusing on Bitcoin Profit and how this technology is assisting users to trade, even with little to no formal trading experience.

If you are plugged into the world of finance, we are pretty sure that you are familiar with cryptocurrencies. It is reported that they’re the biggest financial boom of the decade. There have been many reviews, claiming that Bitcoin Profit is superior to other similar technologies. We decided to provide you with more information, by sorting through all the confusing and answering your most pressing questions.


What is Bitcoin Profit?

Bitcoin Profit is an advanced trading system designed to make trades on behalf of a user, using an intelligent algorithm. This algorithm uses signals emitted from the cryptocurrency market, analyses the data, and then presents the user with the most profitable trades. This trading system focuses particularly on Bitcoin and claims an accuracy of 99%. The trading system is constantly analyzing data and its algorithm is constantly at work analyzing the market.The founders of Bitcoin Profit are not named, however, they’re said to be a group of software engineers and technicians.

Bitcoin Profit


Is it Bitcoin Profit Legit?

There are many testimonials on the website that suggests that Bitcoin Profit is completely legit. These claims are hard to verify, but the users have reported huge successes within the first week of live trade. There have been many negative responses to Bitcoin Profit and its 99% success claim, however, external website reviews and testimonials suggest that some users have made reasonable profits trading on this platform.


Who Founded Bitcoin Profit?

It has been reported that Bitcoin Profit was founded by a group of software engineers and technicians. These reports have not been confirmed.


How Does Bitcoin Profit Work?

The Bitcoin Profit algorithm is pretty straightforward to understand. The trading system provides its users with the crypto trading signals derived from the cryptocurrency market. This ensures that the user has options when it comes to choosing the most profitable trades. A broker will make further recommendations and assist you in making the best decision regarding your investment.

The Pros and Cons of Bitcoin Profit

Pros Cons
Demo trading Claims are unfactual
SSL Certificate secured Limited currency selection
Multiple Payment Methods High risk
24/7 customer support
Quick and easy registration process

How to Place a Trade on Bitcoin Profit

Step one: Register

Registration with Bitcoin Profit is quick and easy. It should take no longer than 20 minutes to register. All a new user needs to do is complete the required form on the homepage of the site. This form requires your basic information to open your account. Verification will also be required and it is important that the information provided is accurate, especially the users email address.

Official Bitcoin Profit Registration

Bitcoin Profit - Bitcoin Profit Review: Is it a Scam or Legit?

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Our rating

Register for your Bitcoin Profit account through 7bitcoins and receive a FREE Personal Account Manager to walk you through your account setup process.

Step two: Make a deposit

After registration you will be required to make an initial deposit to activate your new Bitcoin Profit account. The minimum deposit is €250. This also acts as your first initial investment. There are many payment options available. This includes Skrill, Merchant Pay, Giro Pay, Safe Pay as well as international payment methods such as Visa and Mastercard.

Step three: Demo Account

Bitcoin Profit is one of the few trading systems with a demo account feature. Once you activate demo mode you will be able to take an initial tour. This will allow you to learn more about the functionality of the account.

Step four: Live account

Once you have found your way around the demo account and you are comfortable you can then activate the live account feature which your broker will assist you with. The live account feature will require you to configure the settings. Your broker will assist you with that too.


Key Features of Bitcoin Profit

Payouts

The Bitcoin Profit Trading System claims that on average you can earn at least €1 300 per day. New users may not earn much on their very first trade, but gradually, the earning potential will increase.

Withdrawals Process and deposits

Withdrawals can happen whenever you prefer. It usually takes 24 hours to reflect in your account. This gives Bitcoin Profit the competitive edge, since other trading systems can take up to 10 days to process withdrawal.

Verification system

The verification process is easy. When registering you will be required to fill in some personal information. All you need to do is provide the correct information so that verification can take place swiftly via email.

Cost and Fees

Bitcoin Profit does take 1% of the profits you make on the trading system. Other trading systems have higher rates.

Customer Service

Customer service support is available via live chat and email 24 hours a day. They are very friendly and always very professional.

Brokers

All the brokers are regulated and listed and once you have registered, you will be assigned a broker who will assist you through the entire process.

Bitcoin Profit


Bitcoin Profit vs Other Trading Systems

Bitcoin Profit Other trading systems
  • A reported success rate of 88%.
  • Many other trading systems have hidden fees and leave the user with little to no profit.
  • A minimum deposit of €250 to start trading.
  • Other trading systems require a higher minimum deposit.
  • A wide variety of digital coins can be traded.
  • Other platforms are limited when it comes to the variety of coins.
  • All brokers are regulated with a financial entity in the region.
  • Some platforms fund unreliable brokers who are not listed.
  • Both new and experienced users can enjoy the platform.
  • Other trading platforms are complex and take some time to get comfortable with.

Can You Make a Profit With the Bitcoin Trading System?

The trading system claims it can generate high profits for new and experienced users. These claims have been supported by the US trading Association. The user testimonials on the website are mostly positive and from our research we can support that the trading platform was just as easy and simple to use when we activated the demo feature. Bitcoin profit can be a useful tool for users who do not have the time to monitor the cryptocurrency market. However, it is still important to note that the cryptocurrency market is highly volatile and all new users should be cautious and thoroughly do their research.

Here are some useful tips for new users who are just starting out with the Bitcoin Profit tool:

  • Start Small. Start trading with a small investment to get yourself comfortable with the software. We recommend users start using Bitcoin Profit with the minimum deposit of €250 Withdraw Your Profits. Withdraw your profits when you invest with Bitcoin Profit. Remember to always reinvest some of the profits earned, to continue earning more.
  • Listen to the Expert’s Advice. Do your research, use the demo feature and watch tutorial videos online about the cryptocurrency market and how to make the most out of your first trading experience.
  • Only Invest What You Can Afford to Lose. You should only be investing additional money that you are willing to risk. The cryptocurrency market is volatile and investments are always a risk.

Why Choose to Trade with Bitcoin Profit?

You may be overwhelmed with choosing the right trading system since there are plenty to choose from like Bitcoin Evolution and Bitcoin Digital. However, there are some advantages of trading with Bitcoin Profit. We’ve listed them below:

  • Bitcoin Profit has a user friendly platform: Bitcoin Profit’s website is easy to use and navigate unlike other trading systems that are complex and require training before demo or live trading can begin. A great user experience is a plus for any website and can be a deciding factor for new users.
  • Bitcoin Profit claims to have a high trading success on its trades: Bitcoin profit claims to have a success rate of 90% for new users. This is because, with Bitcoin profit, brokers are able to place concurrent trades with shorter investments.
  • Demo account and tutorials: The demo account is a major plus and this feature should not be overlooked by new users. It will allow you to grow your knowledge and skills where trading on the cryptocurrency is concerned.
  • Responsive and dedicated customer support: Bitcoin Profit has a reliable customer support infrastructure that operates 24 hours. Day or night new users will be able to have access to the support system.

Bitcoin Profit


Has Bitcoin Profit Been Features on the Media

There have been rumours that Bitcoin Profit has been featured on mainstream media and even reality TV shows like Shark Tank, This Morning and Dragon’s Den. We decided to do some research to find out if these claims are in fact true.

Has Bitcoin Profit Been Featured on Shark Tank?

Shark Tank is an American reality investment show. Aspiring entrepreneurs are given a few minutes to pitch to a panel of millionaires with the hopes that one of them will invest in their idea. There have been rumours that Bitcoin Profit has featured on an episode of Shark Tank, however, we have not found any evidence to confirm these rumours.

Has Bitcoin Profit Been Featured on This Morning?

This morning is a British daytime television programme on ITV that has been active since 1988. The show is a mix of celebrity interviews, show business news, topical discussion, competitions, health etc. Bitcoin Profit has not been featured on episodes of This Morning, nor has the presenters endorsed it on the show.

Has Bitcoin Profit Been Featured on Dragon’s Den?

Although Bitcoin Profit is known to be one of the best trading platforms on the cryptocurrency market, we cannot confirm that it has been featured on the popular Dragon’s Den reality business show. We could not find any evidence that supports these claims.

Has Bitcoin Profit Been Endorsed by Celebrities?

There are many rumors circulating on the internet and in the media that celebrities have either endorsed Bitcoin Profit, invested in Bitcoin or are interested in the cryptocurrency market. We decided to investigate these rumours and find out whether they are true or not.

Did 50 Cent Invest in Bitcoin Profit?

50 Cent, otherwise known as Curtis James Jackson is an American rapper, songwriter, television producer and actor. There have been rumors that 50 Cent has invested in Bitcoin Profit, however, we cannot confirm that these claims are true. The controversial rapper has expressed his views around Bitcoin and there are even reports that indicate that the rapper was once paid for an album with Bitcoin.

Did Robert Lewandowski Endorse Bitcoin Profit?

Robert Lewandoski is a polish football star. There have been claims that Lewandoski has endorsed Bitcoin Profit. However, we have found no facts to support these claims. We can confirm that the football star has expressed interest in the cryptocurrency market but he has not endorsed it or invested in Bitcoin Profit.

Did Tobias Lutke Endorsed Bitcoin Profit?

Tobias Lutke is the CEO of Shopify and he has various other business interests. However, we cannot confirm that he has endorsed Bitcoin Profit or invested in the cryptocurrency market. There are also no other facts linking Tobias to any Bitcoin trading software.

Is There a Bitcoin Profit App?

There is currently no Bitcoin Profit available for users. However, you can access the software online. All you need is an active internet line.

Bitcoin Profit


Our Conclusion

Although many people have caught onto the cryptocurrency market, assets such as Bitcoin are complex to understand, especially the market value. This is why tools such as Bitcoin Profit are effective in assisting new and experienced users with trading. There are many users who have experienced huge losses trading on the cryptocurrency market because they did not have the knowledge or experience to trade successfully. Trading systems such as Bitcoin Profit eliminates this worry, since the system is run by an intelligent algorithm. Although Bitcoin Profit appears to be legitimate, it is important that new users still do the research regarding the cryptocurrency market.


FAQ

Does the Bitcoin Profit really have a high win ratio?

Yes, we can confirm this from a personal experience using the trading technology program. Our calculations revealed a high win ratio above 92% for all trades.

Have any celebrities endorsed the Bitcoin Profit?

We checked the claims and can state that at this time, there is no public endorsement of the Bitcoin Profit by any celebrities.

Can I withdraw Bitcoins from My Bitcoin Profit account to a crypto wallet?

No, this will not be possible. While the system trades Bitcoins, deposits and payout are done with real money in your local currency. This means you can earn money passively without having any solid experience as a Bitcoin trader.

Is Bitcoin Profit affiliated with any other systematized cryptocurrency trading platform?

Bitcoin Profit is an independent platform, and there are no affiliations with other trading platforms. The names might be similar, reason being is that many trading platforms focus on Bitcoin, which is the most valuable and common cryptocurrency in the market. Always ensure you are on the authentic website for the Bitcoin Profit before starting your registration.

What is Bitcoin?

Bitcoin is a digital currency traded and managed through a decentralized system called the Blockchain which reduces potential online risks. The Bitcoin was invented by Satoshi Nakamoto in 2009. It is remotely mined by thousands of miners all over the world to ensure transactions done using Bitcoin are quick and trustworthy.

Are there any particular requirements before the Bitcoin Profit can be used?

The platform is open to the public. Users do not need to have any formal training or certification in cryptocurrency trading prior to them trading on the platform and earning profits. We tested the trading technology program feature on the Bitcoin profit; it is flawless and reliable. Everyone can use it, after making a deposit, the system handles the entire trading activities, makes a profit, and the user’s account is credited thereafter.


Bitcoin Price Predictions

Chamath Palihapitiya- $1,000,000 (by 2037)

Chamath Palihapaitiya is the co-owner of the Golden State Warriors and the founder of Social Capital. It is reported that his bitcoin journey started with a bitcoin investment made back in 2012. In 2013, it is claimed that he included bitcoin into his hedge fund, general fund and private account. Palihapitiya has predicted that the Bitcoin Price will reach $100,000 in the next few years.

In reports, he has said:

This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”.

Wences Casares- $1,000,000 (by 2027)

Wences Casares is the founder and CEO of Xapo, which is a Bitcoin Wallet startup. He is also reported to be a board member at Paypal, among other roles. Wences interest in bitcoin first started when high financial volatility hit his home country in, Peso, Argentina. Wences bought his first bitcoins in 2011. He has predicted that bitcoin will hit $1 million sometime before 2027.

John Pfeffer- $700,00 (no date provided)

John Pfeffer is a partner at London-based family office Pfeffer Capital. It has been reported that Pfeffer set a bold price target for bitcoin of $700,000. According to Pfeffer, bitcoin is the world’s first viable replacement for gold.

Jeremy Liew- $500,000 (by 2030)

Jeremy Liew is a partner at Lightspeed Venture Partners, which is renowned as the first investor in the social media app Snapchat. Liew has a long list of other investments including the multimedia company Beme, Varage Scale and Wallet Ledger. Currently, his net worth is estimated at approximately $2 billion.

It has been reported that Liew has said that the price of bitcoin can realistically reach $500,000 by 2030.

Mark Yusko-$400,00 (no date provided)

Mark Yusko is a billionaire investor and the founder of Morgan Creek Capital. It is has been reported that Yusko’s prediction for bitcoin is that it will be worth over $400,000 in the next few years. His statement has apparently made headlines for its grandiose scale. It has been reported that Yusko had the following to say about bitcoin:

“It’s just math. It is the gold equivalent…there are about 20 million Bitcoin available today. Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use cases that relate to currency,” Yusko said.

Roger Ver – $250,000 (no date)

Roger Ver is an early investor in Bitcoin and related blockchain startups. Born in the US and now with citizenship in Saint Kitts and Nevis, Ver started his business career with a computer parts business, MemoryDealers.com. By early 2011, Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken.

In an interview with Jeff Berwick, for The Dollar Vigilante blog, Roger Ver said in October 2015 that Bitcoin “could very easily be worth $2,500, or $25,000 per Bitcoin, or even $250,000 per Bitcoin”. Ver’s estimate is based on the principles of supply and demand, which he believes creates great potential for Bitcoin as a store of value.

Anthony Pompliano – $100,000 (by 2021)

Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency.

Pompliano has predicted that Bitcoin will hit $100,000 by the end of December 2021. At the time of the prediction (February 2020), Bitcoin had just reached the $10,000 mark, meaning the currency would need a 1,000% increase — within just two years — to reach his target. His prediction would put the market cap of Bitcoin at more than $2 trillion.

Kay Van-Petersen – $100,000 (by 2027)

Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment. Based out of Singapore with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies.

Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a feature by CNBC news published in May 2017. As the man who successfully predicted Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps a little optimistic, suggests that Bitcoin would then account for 10% of the volume in the foreign exchange market.

Tom Lee – $91,000 (by 2020)

Tom Lee is Co-Founder of the market strategy firm Fundstrat Global Advisors, and a well-known bitcoin bull. Lee initially set a Bitcoin price target for $11,500 for mid-2018, and then increased it to $20,000 as the cryptocurrency’s intrinsic value increased. These targets were instead achieved by the end of 2017.

He recently upped his prediction again, stating that Bitcoin’s price will reach $91,000 by March 2020, on the basis of a chart that shows Bitcoin’s (BTC) performances after past market dips. Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

Tai Lopez – $60,000 (mid-term)

Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage. He believes that if a small portion (1%) of the assets of millionaires globally is invested into Bitcoin in the upcoming months, the price of Bitcoin could justifiably grow to around $60,000.

Given that the adoption of Bitcoin as a store of value and a medium of exchange within the global finance market is increasing exponentially, $60,000 remains a viable mid-term price target even for conservative investors. Only time will tell when/if this prediction is reached, though.


Other Crypto Trading Applications

Bitcoin Trader Review Bitcoin Revolution Review Bitcoin Digital Review Bitcoin Rush Review Bitcoin Lifestyle Review
Bitcoin Loophole Review Bitcoin Code Review Crypto Trader Review Bitcoin Evolution Review  Bitcoin Circuit Review

Glossary of Terms for Trading Platforms

Terms Description 
Platform Fee Some trading platforms charge traders a fee to use the platform and access its tools. This may be a monthly or annual subscription fee. 
Cost per trade Cost per trade is commonly referred to as a base trade fee. This fee is charged to traders by brokers every time a trade is placed. Some brokers offer their traders discounts or charge a lower cost per trade for voluminous trades.
Margin A margin is the amount needed in an account to maintain a trade with leverage. 
Social trading Social trading refers to the interaction and exchange of trade ideas, signals and trade settings between the different classes of traders.
Copy Trading Copy Trading is commonly referred to as mirror trading and is a form of online trading that involves copying successful trading strategies/settings from other traders. It is commonly used by new, inexperienced traders and assists these traders in gaining experience. 
Financial instruments A financial instrument is basically proof of ownership or financial commodities of monetary contracts between two people, or parties. Within the money market, financial instruments are basically shares, stocks, bonds, Forex and crypto CFDs and other contractual obligations between different parties.
Index An index tracks and measures the performance of financial instruments on the financial market. 
Commodities Commodities commonly refer to raw materials that are used in the production of agricultural goods. Some of the common commodities on the financial market is oil, gas, corn, coffee and precious metals. 
Exchange-Traded Funds (ETFs) An ETF refers to funds that can be traded on exchange. The fund is a basket containing multiple securities such as stocks. 
Contract for difference (CFD) CFDs refers to a form of contractual trading that involves speculating the performance of a specific trade on the market. This includes stocks, commodities and cryptocurrencies 
Minimum investment A minimum investment is the amount charged to activate live trade. A minimum investment is usually only charged once and is only required once a trader has registered and agreed to commence live trading. 
Daily trading limit A daily trading limit is a setting that can be activated on a trading platform to control the lowest and highest amount that a security is allowed to fluctuate, in one trading session, at the exchange where it’s traded.
Day Traders  Day traders only open and close trades during the day. Forex traders are usually referred to as day traders. 
Arbitrage Arbitrage refers to the simultaneous purchase and sale of an asset in order to make a profit from a difference in price. 
Broker Brokers are commonly individuals or a company that handles trading transactions on behalf of a trader. Brokers usually assist in making the trading process easier. 
Carrying Charge Commodities such as grains and metals, the cost of storage space, and financial charges incurred by holding a physical commodity.
Cash commodity  A physical commodity that someone is selling. Such as, gold or silver. 
Day order The purchase and sale of a futures or an options contract on the same day, thus ending the day with no established position in the market or being flat.
Deferred Month The more distant month(s) in which futures trading is taking place, as distinguished from the nearby (delivery) month.
Deliverable Grades The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a schedule of discounts and premiums allowable for delivery of commodities of lesser or greater quality than the standard called for by the exchange.
Good till Canceled (GTC) An order worked by a broker until it can be filled or until canceled
Last trading day  The final day when trading may occur in a given futures or options contract month
Leverage Leverage refers to the ability to control large dollar amounts of a commodity with a comparatively small amount of capital.
Maintenance Margin A maintenance margin is the minimum value that you must keep in your account in order to continue to hold a position. The Maintenance Margin is typically less than the Initial Margin, and also differs by contract.
Margin Call A demand from a clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a minimum level required to support the positions held.
Mark-To-Market (Marked-To-Market) A daily accounting entry that is the bedrock of regulated futures bookkeeping. It’s the end-of-day adjustment made to trading accounts to reflect profits and losses on existing positions. 
Pit The Pit refers to a specially constructed arena on a trading floor of some exchanges where trading in a futures contract is conducted.
Position A position refers to a market commitment. Usually a buyer of an initial futures contract is said to have a long position and a seller of an initial futures contract is said to have a short position.
Settlement Price This refers to the last price paid for a commodity on any trading day.
Spreading Spreading refers to the simultaneous buying and selling of two related markets with the expectation that a profit will be made when the position is offset. 
Spread  A spread refers to the price difference between two related markets or commodities.
Stop Order A stop order is commonly referred to as a stop loss order. It’s an order to buy or sell when the market reaches a specified point. A stop order to buy becomes a market order when the futures contract trades at or above the stop price.
Scalp Scalp refers to trading for small gains. Scalping normally involves establishing and liquidating a position quickly, usually within the same day, hour or even just a few minutes.
Open Order  An order to a broker that is good until it is canceled or executed.Other wise known as GTC.
Open Outcry A method of public auctioning for making verbal offers in trading pits.
Price Discovery Price discovery basically refers to information about future markets.It has been claimed that future markets is where original price discovery began. 
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