Exhaustive Bitcoin Loophole Review: Is It Legit or a Scam?
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Created in 2009 as open-source software, Bitcoin became the first cryptocurrency. Since then, the crypto-world has expanded massively, growing from a niche market notion to a highly popular way to make a profit. Automated trading platforms and robots have resulted from the fast-paced development of "digital money."
Many people use these platforms to make extra income and some investments, which makes such platforms very popular. A quick Google search will give you a plethora of similar websites promising to make you rich the next day. It is easy to explain the sites’ high popularity: their crypto-robots are ideal for people who do not want to trade on their own. Such bots offer fully automatic trading.However, many of them were found to be a scam. It is a serious task to find a legitimate platform for crypto trading. Let's have a closer look at one of the most popular crypto trading platforms. Here is a thorough Bitcoin Loophole review.
What Is Bitcoin Loophole?Bitcoin Loophole is trading software based on adaptive algorithms that automatically execute trading on certain signals. The platform was launched in 2015 and has become one of the most popular systems for crypto-trading. Bitcoin Loophole creators promise that it is possible to earn 13,000 US dollars within 24 hours of live-trading.
You can trade various currencies aside from Bitcoin: Ethereum, Bitcoin Cash, Ripple, Litecoin, and more.
It takes a human hours, if not days, to analyze changes in the market of cryptocurrencies. The Bitcoin Loophole bot tracks minimal market fluctuations and immediately reacts to them. The platform aims to take advantage of the big returns offered by minimal investments. It also does not require a deep understanding of how cryptocurrencies work. It is an easy and ready-to-use platform suitable for beginners who have little to no prior experience in crypto or any other kind of trading. Since the Bitcoin Loophole bot automates the trading process through CFDs, it is suitable for less-experienced traders.
Although it is not fully known who created Bitcoin Loophole, there have been reports that the project was founded by a group of enthusiasts who were among the first to get rich from Bitcoin's early success. There was information that a few years ago, the Bitcoin Loophole founders decided to make their software public. Their idea was to create a platform available for everyone who wants to make extra income trading cryptocurrencies. They targeted beginners along with experienced traders.
How Does It Work?
Bitcoin Loophole uses a powerful algorithm powered by AI that is capable of making thousands of transactions per minute. Most of the transactions are profitable because they are made ahead of the market fluctuations. The platform is also equipped with natural language processing tools, which help the bot analyze the latest financial news and press releases.
After a trader deposits a minimum starting payment, the bot collects all the money deposited by users all over the world and automatically invests it at the most appropriate time to make a profit. The start deposit to make the first trade is 250 US dollars.
The principle underlying how Bitcoin Loophole works is extremely easy. A potential trader needs to register an account on the platform, make a deposit, and start trading. It’s easy and suitable even for total beginners.
Is Bitcoin Loophole Legit in the UK?
There is a lot of feedback for Bitcoin Loophole on many review websites and social media. Real traders share their positive experiences about the platform and their stories of successfully made profits.
The customer service team is easy to reach, which is always a good sign of legitimacy. The on-call team is attentive to all questions and requests and provides decent answers and full support.
Reports support the claim that the Bitcoin Loophole trading algorithm is based on expert economic and financial models.
A thorough review and many testimonials available all over the Internet show that Bitcoin Loophole is a registered and approved website meeting the requirements for a public online trading platform. In fact, many users call this platform's trading technology one of the best.
Advantages and Disadvantages of Bitcoin Loophole
Bitcoin Loophole Main Features
Below are some of the most notable features and functionalities that Bitcoin Loophole users have at their disposal.
The registration process on Bitcoin Loophole is quick and easy. The system requires only a name, e-mail address, password, and phone number as additional information. Simple, and your account is activated within a few minutes.
Fully Automated Trading System
The trading process on Bitcoin Loophole is fully automated and can be initiated right after creating an account and making the deposit. The platform has no downtime, which means that trades and transactions can be made at any time 24/7.
For a better experience for their users, Bitcoin Loophole also automated their payout system. The payouts are calculated after the end of any live session. At this point, you can estimate your earnings and make a decision to withdraw the money.
Deposit & Withdrawal System
Bitcoin Loophole processes earnings withdrawal 24/7, which is a massive advantage of the platform. The deposits are transferred within seconds. And the system is user-friendly and very transparent.
The platform provides full customer support for its users 24/7. The service is reported to be very responsive, attentive, and helpful.
Bitcoin Loophole has its own antivirus system. Trading platforms are a common aim for hackers. They need to have solid antimalware protection to prevent security breaches and keep users' private information and financial assets safe and secure.
From the registration process to the money withdrawal, every action available for traders on the platform is essentially free.
Variety of CryptoAlthough there is the word Bitcoin in the name of the platform, it supports a variety of altcoins, which increases the earning potential of Bitcoin Loophole. Here are some currencies supported by Bitcoin Loophole:
Payment MethodsThe platform is also quite flexible with the payment methods and supports:
How Much Money Can I Earn with Bitcoin Loophole?
There are reports that traders on Bitcoin Loophole make an average of 1,300 US dollars per day. Further reports suggest higher payouts with larger investments. However, it would be best if you did not take it as ultimate numbers, as in trading, there is always a risk of losing money. Many experienced traders advise depositing a minimum amount of $250 to lower the risks and develop passive income.
How to Trade with Bitcoin Loophole
If you’re ready to start your trading journey with Bitcoin Loophole, we’ve outlined the steps to get you started.
Step 1 - RegisterFirst things first: to use Bitcoin Loophole, you need to register, create an account, and go through a verification process. However, the entire process is very simple and takes just a few minutes.
Step 2 - Learn to Trade by Using a Demo AccountBitcoin Loophole provides a very attractive feature of a free demo account. Here, users who are new to crypto-trading can learn the process step-by-step with well-made tutorials and valuable materials.
Step 3 - Deposit Funds to Your AccountTo make the first trade, you are required to make a deposit. On Bitcoin Loophole, the minimum deposit is 250 US dollars. Experienced traders advise starting with the minimum deposits when using automated crypto trading bots.
Step 4 - Save the ProfitAnother piece of advice from experienced traders is to save and/or withdraw the profits right after the payouts. It is always a safer strategy to reinvest your earnings.
Step 5 - Make AdjustmentsA smart decision would be to follow the crypto market trends, news, and updates. Even though most of the work is done by automated bots, users who are up-to-date with the recent market updates tend to make better and safer decisions and, in general, be more successful at trading.
Step 6 - Invest Wisely
Last but not least: it is strongly advised against investing your savings. Due to potential risks in trading, it is always safer to invest only disposable income to avoid big losses.
Bitcoin Loophole on TV and in Media
Bitcoin Loophole is a popular project that has many appearances on the Internet. Like many other crypto trading platforms, it has a lot of rumors around its name. There have been reports that Bitcoin Loophole was endorsed in highly popular investment TV shows.
Shark Tank is an American business reality TV show that has aired on ABC since 2009. Here, a panel of respected business people, "sharks," review the presentations of new business ideas and decide if they would invest in those projects. The show is associated with big names like Mark Cuban, Kevin O’Leary, and Robert Herjavec. Some sources mentioned Bitcoin Loophole as featured on the show.
Dragon's Den is a British investment reality TV show and a British variant of Shark Tank. Both British and American shows originate from a Japanese TV show based on the same principle. You can find some information that Bitcoin Loophole allegedly was featured on Dragon's Den.
Moreover, some sources reported that Bitcoin Loophole was endorsed by the famous British daytime TV show This Morning, one of the longest-running daytime shows in the UK, being on-air since 1988.
However, closer research does not provide any reliable evidence to confirm these rumors. It might be part of their advertising campaign. Nevertheless, there are many references to Bitcoin Loophole on the web, which means the advertising works well.
What Do Celebrities Say About Bitcoin Loophole?
If you do your research about Bitcoin Loophole, you might find quite a few big names mentioned to endorse this trading platform. Different sources say that Peter Jones, the most influential investor of Dragon's Den, backs up the project, or that Mark Cuban, the businessman who made his fortune investing in tech startups, has his financial interests in Bitcoin Loophole. Some sources even put the name of the founder of Tesla and SpaceX, Elon Musk, as a stakeholder for Bitcoin Loophole. You might find some references to Gordon Ransey, Idris Elba, Kate Winslet, and Nicole Kidman.
A deep search does not show any certain evidence that any of those celebrities and influential investors are involved in any activity with the Bitcoin Loophole project. However, many celebrities openly stated their interest in the growing market of cryptocurrencies, so it might be just a matter of time that you will find some evidence of the richest people showing their interest in the project.
Customer TestimonialsIt is very helpful to search for real people's experiences with any digital product or project before investing your real money. There are plenty of opinions about the Bitcoin Loophole platform and its functionality. Trustpilot has some positive feedback:
"First class service as always."
This user notes that an excellent experience made them a regular trader on the platform. According to this review, the customer service is perfect, the registration and verification system is quick and simple, and frequent trading brings regular profit.
"Everything worked fine."
This user encourages the beginners not to worry about any complications and points out that the customer service team will support the beginners all the way in the process.
Another 5-star review about the entire trading process on the platform.
This user points out the platform's transparency and user-friendliness and calls it one of the best trading platforms ever used.
However, no company can ever have all 5-star reviews. Some people across the Internet report different issues with the platform. Some people could not get registered as Bitcoin Loophole did not support users from their countries. Negative reviews about aggressive advertising were found, and some users reported troubles with the withdrawal system. It is always highly advised to do good research before you invest your money and consider the negative reviews along with the positive ones, even if the latter prevail.
Tips and Tricks for NewbiesTrading is tricky. But there are a few things that can make things easier. As a beginner, you should follow these widely accepted recommendations:
Bitcoin Loophole vs. Regular Trading SystemsBitcoin Loophole is one of many similar trading platforms. However, the reviewed system has unique features. Here is a summary of its distinguishing features in comparison to other platforms.
Regular Trading System
A user can opt for either manual or auto trading
Only manual trading
100%: Beginners can practice with a demo account. Moreover, they can get help from the customer support
Depends on the platform. Typically, a user should be competent enough to trade crypto on his own
According to some data, it’s above 99%
The profitability of the deal depends on the trader’s skills and knowledge
Available 24/7. Can provide advisory services
Depends on the platform. Typically, it aids in solving technical issues only
Supports the major cryptocurrencies (Bitcoin, Litecoin, Ripple, Ethereum, Bitcoin Cash, etc.)
Depends on the platform: some are limited to a couple of cryptos, while others support all.
Available for all registered and verified users
May not exist on the majority of platforms.
Here are some final thoughts on Bitcoin Loophole. It may be quite challenging to choose a platform for trading cryptocurrencies. You need to be careful not to fall for scam websites. Deep search and reading various reviews help find legitimate brokers to invest your money.
Overall review of Bitcoin Loophole showed that the platform is legit. It has a simple registration and verification process, AI-powered software for fully automated trading process, and suits even beginners at trading. Although there are many rumors about the platform on the Internet, it has a lot of positive reviews. It also has several advantages essential for both experienced traders and those with little to no trading experience. The verdict: you can earn money trading on this platform, but you should never forget that nothing is ever guaranteed. Trading is always associated with financial risks.
You should consider the negative reviews about Bitcoin Loophole and the controversies with the rumors about the platform's appearances on TV or it being endorsed by celebrities. Whether it was a part of their marketing strategy or it appeared occasionally, some potential users might have second thoughts before trusting the platform with their money.
To conclude the review, there is a list of 100% legitimate and approved trading platforms you can trust.
What Is Bitcoin Loophole?
Bitcoin Loophole is an automated cryptocurrency trading platform based on its own AI-powered software, which works with specialized algorithms to register market fluctuations to make profitable trades on behalf of the user.
Is Bitcoin Loophole Safe?
Bitcoin Loophole is reported to have a transparent payout and money withdrawal system, as well as full 24/7 customer support. Any trading transactions are associated with certain financial risks, but Bitcoin Loophole has managed to build up a solid reputation.
Is Bitcoin Loophole Legitimate?
Most reviews mark the platform as legit. There are no direct signs that Bitcoin Loophole is a scam.
How Do You Get Bitcoin Loophole?
Bitcoin Loophole is entirely free online software. You don't need to download anything to your computer. All you need is to go through a simple and quick registration and verification process, deposit a minimum of $250, and you are ready to make your first trade.
How Does Bitcoin Loophole Work?
On the Bitcoin Loophole platform, your trades are made by robots working on special algorithms. They analyze market changes and fluctuation and make the trades on your behalf. You need to set up a strategy, and the bot will follow it, so you don't have to monitor its activity all the time.
Can You Make Money with Bitcoin Loophole?
You certainly can. Bitcoin Loophole even provides demo accounts to its users so beginners can learn the process. However, there is always a risk of financial losses in trading. And your final profit depends on your skills, experience, and chosen strategies.
How Much Money Can You Make with the Bitcoin Loophole Software?
Your earnings depend on many factors, mainly on the amount you invest. Experts recommend starting with the minimum deposit of $250. However, many sources report that traders can make $1,300 on average per day. It also depends on your skills and experience in cryptocurrency trading.
How Much Does It Cost?
Using Bitcoin Loophole is entirely free. The software is free of charge from the registration and verification process to making your trades and withdrawing your payouts.