A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam associated with a different kind of investment.
Bitcoin Loophole: Crypto Trading App Scam
The record-high unemployment in many countries, led by the coronavirus crisis, has forced many people to look for jobs or ways to make money online. Investment schemes preying on the desperation to make fast cash have multiplied, many of which advertise investments in bitcoin or other cryptocurrencies since they have recently outperformed most asset classes.
One bitcoin investment scheme that has recently garnered attention worldwide is called Bitcoin Loophole. Its simple website resembles other known bitcoin investment scams that news.Bitcoin.com 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. You can “make money using the official crypto trading software,” which is AI integrated and uses “advanced technology,” it adds.
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. dollar and the euro. 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:
It is practically impossible to lose money when trading with Bitcoin Loophole.
In addition, the Bitcoin Loophole website also displays a number of testimonials supposedly from members who have successfully made money using this trading app. These testimonials are fake and the photos of members are merely stock photos publicly available online. The Bitcoin Loophole app is also available in the Google Play store.
What’s the Catch?
While the idea of making $13,000 a day with little effort is attention-grabbing, there are many red flags about Bitcoin Loophole. News.Bitcoin.com created an account at Bitcoin Loophole for this review. Once…