Bitcoin Revolution Scam
Earlier, the world and its markets were dominated by the physical currency that was backed by the government of the respective countries. The shift from physical currency to cryptocurrency was initiated by Satoshi Nakamoto who is popular for the invention of Bitcoin. Now, Bitcoin marked the entry of cryptocurrency into the market. With thousands of people rushing to buy it due to the various advantages such as more profits, fewer efforts, efficient trade, etc. This has not only encouraged the public to invest in cryptocurrency but has also given birth to many other cryptocurrencies. One such cryptocurrency that hit the headlines for being a total scam is Bitcoin Revolution Scam.
What is Bitcoin Revolution?
The Bitcoin Revolution claims to be an automated trading platform that helps its traders in getting huge returns and profits with the help of automated trading bots. The company also states that it is a brainchild of a group of experienced traders. However, the company fails to mention the name of even one of these so-called experienced traders, or shall we say, scammers. The idea behind the Bitcoin Revolution scam was to trick people into their big trap by duping the style of major trading platforms. The company is seen to claim that it uses advanced algorithms via robots to collect information regarding the trading prices around the world. In this way, the company states that it ensures successful trades.
Any trader with a tad bit of experience in the trading market will identify the scam instantly; therefore, the victims of the Bitcoin Revolution Scam are mostly innocent newcomers who lack subject-specific knowledge. From a recent Google trends report, it is suggested that two in five of the most searched for in terms related to Bitcoin was about Bitcoin Revolution Scams. The searches were either about the Bitcoin Revolution detailed review or Bitcoin Review Scams.
Bitcoin Revolution Scam tactics
One of the common tactics that helped the scammers associated with the Bitcoin Revolution scam earn loads of money was the publicity it received from all the celebrities endorsing it. Various celebrities including Hugh Jackman, Kate Winslet, Jeremy Clarkson, and Simon Cowell, as well as political figures such as the former prime minister of Singapore, Goh Chok Tong, endorsed the platform with much enthusiasm. These advertisements were also put up on major social media platforms such as Facebook and Instagram. Recently Facebook bore the grunt for allowing these fake endorsements as well.
Bitcoin Revolution Scam and the Governments
Major government regulatory authorities such as the Financial Conduct Authority (FCA) of the UK and the Malta Financial Services Authority (MFSA) have warned the citizens of their country from trading with the Bitcoin Revolution. The Australian Securities and Investment Commission (ASIC) of Australia has also issued a warning against the Bitcoin Revolution scams.
Is Bitcoin Revolution a scam or legit?
Upon a little research, it was found out that the company has around three platforms with a slight variation in the names to attract more people into the bitcoin revolution scams. However, all these platforms had similar content and no contact information of any of the Board of Directors. The customer support option that is provided by Bitcoin Revolution leads us to a form that can only be submitted through email. This form shows an error whenever we try to send it. the company also has a lot of outrageous profit claims that are not really possible alongside an array of celebrities fake endorsing it.
Bitcoin Revolution is a complete scam and we recommend our readers not to trade with this scam company. If you have been or are a victim of any of these scams, report it with us through this complaint form. We will get back to you at the earliest with the best possible solution to claim your money back. Till then, stay aware and keep reading!