Welcome to my review of Bitcoin Edge.
I received a spam text message about this system today and decided to take a closer look to see what it was all about. Apparently, it’s a trading app that allows you to make $1,000’s per day from home by investing in Bitcoin.
Is it legit?
No, Bitcoin Edge is not legitimate. It’s a scam that uses fake news stories, misleading claims, and other unethical tactics to lure you into depositing funds into a questionable cryptocurrency trading account.
In this review, I am going to show you what I found and explain why this really isn’t something that is going to help you make easy money online.
What Is Bitcoin Edge About?
Bitcoin Edge is a new software that supposedly allows you to place winning trades 95% of the time. Specifically, it’s about betting on cryptocurrency like Bitcoin and Ethereum using an online brokerage account.
According to the website (bitcoinedge.co), all you need to do is sign up, deposit some funds, and you could be earning $1,000’s per day.
What is Bitcoin?
Bitcoin is a form of decentralized digital currency (AKA cryptocurrency) that allows people to transact with one another online. Without the need for centralized financial institutions, like banks.
And since its inception in 2009, it has made numerous millionaires. So you can make money with Bitcoin and there is real training out there that shows you how to trade cryptocurrency legitimately. Just as there is training that shows you how to trade regular currency.
But that’s not what this is about…
This is about making money for the people who are running the site, not giving you a special app that can make your rich.
What we have here is a scam site that is luring unsuspecting people into depositing funds into a brokerage they are affiliated with. And they are using all sorts of sketchy tactics to do this.
It’s very similar to other sites I’ve reviewed like the Crypto Genius (review) which is virtually the same site, it just uses a different name.
How Does It Work?
According to the bitcoinedge.co website, there are three steps involved in making money with this trading app/ software:
- Fill out the registration form
- Fund your account
- Start profiting
The first step is to fill out the registration form. This form requires your first and last name, email, phone number and password you want to use:
If you fill this out (which is a bad idea unless you like spam) then you will be taken to the members area, which is where “step 2” comes into play.
Step 2 is about funding your account with Bitcoin, using an online trading brokerage they are affiliated with called Trade99.
This site is setup to target Australians it seems, which is probably why I got a text about joining, since I am located in Australia myself.
Anyway, I did some research on the Trade99 brokerage and based on what I saw, it looks as though it could be a scam in and of itself. The website looks the part at first glance but the further you look into it, the worse it looks.
For example, on the site they claim to accept all deposit payment types, but then when you click on the deposit option, they only accept Bitcoin deposits. Which is a red flag because it means they’re likely not a licensed brokerage.
Which as I later learned is true, they are not regulated or properly licensed at all, and they operate overseas.
In any case, I kept digging to see what others were saying about this trading platform. And it seems there’s lots of complaints on TrustPilot:
There are lots of positive reviews too, but scam companies are known for hiring PR companies to load sites like TrustPilot with fake reviews. So it wouldn’t surprise me one bit if they were BS (based on everything else I’ve seen).
Anyways, once you deposit your Bitcoin into Trade99, the third step is to activate the Bitcoin Edge software. This is the trading app they claim will give you 95% winning trades and make you lots of money.
Does it work?
I doubt it. And I have some very good reasons for taking that position, which I will explain to you in this next section.
Bitcoin Edge [5 Red Flags]
There are a number of red flags with the Bitcoin Edge app that I think make it more than clear we are dealing with a scam. Knowing what I’m about to share with you can not only help you avoid this scam, but others like it in future.
1. Fake News Articles
The first red flag I want to point out is how I found out about this site in the first place. As I said earlier, I received a text message. But that SMS didn’t take me to the Bitcoin Edge sales page, it took me to the following “ABC news article”:
The article claims that Gina Rinehart invested $5 million into a new startup (Bitcoin Edge) that is helping ordinary people cash in on the bitcoin boom.
And it’s 100% fake.
I knew this pretty well right away because I’ve reviewed hundreds of programs on this blog over the years. It’s what marketers refer to as an advertorial.
Which is a page that looks like a genuine news article, but it’s really a puff piece designed to get you to believe a bullshit story and click through to the sales page.
And they’re running multiple versions of this fake news article too. I found the following article which switches out Gina for Harry Triguboff:
I think that would be enough alone to prove to any reasonable person that this is fake. One story, two different people. Fake.
But just incase that’s not enough, I also found that the “average person” they feature in the fake news article (Zachary Tisdall) isn’t real either. There is simply nothing real about the so called news articles that are funnelling people into Bitcoin Edge.
And it goes hand in hand with the way they use generic news videos on the sales page. They’ve literally taken sections of news stories and interviews with people like Bill Gates, and made them into a short video. All to make it look as if reputable news organisations and celebrities are endorsing this. Which they are not.
2. Misleading Income Claims
One of the most obvious red flags of all, within virtually every scam I come across, is any site that promises you can make big money quickly and without putting much effort in. In other words, sites that use get-rich-quick hype to pitch something.
It comes down to that old saying “if it sounds too good to be true…”
It is possible to make money online, and trading Bitcoin. And some people even got rich with Bitcoin when it first shot up in price. But like any real business or investment strategy, it takes time and effort to get real results.
Anyone telling you otherwise is (in my experience) scamming you. They are telling you that making bulk money will happen easily because they are selling you something.
In this case, they are either earning a commission by referring people to Trade99 or the people running Bitcoin Edge are the same people who run Trade99. I can’t say for sure but either way they stand to gain if you deposit funds.
3. Fake Testimonials
Something I always check when reviewing something, is how credible the reviews and testimonials are.
Because often what scam sites will do is hire paid actors to pretend they’re making money. Or just use stock photos and write whatever they want, which is what I believe is the case here.
Here are the “testimonials” for Bitcoin Edge:
All of these are just stock photos, and I’m willing to bet the text is just something their marketing team made up out of thin air.
I’m not going to take screenshots of every single one but here’s an example of the one to the far left to show you proof of what I’m saying:
The reason they need to use fake testimonials is because real people are not making money with the system. They are likely losing it.
4. Scam Trading Brokerage?
We’ve already touched on this but I think it’s worth mentioning here because this is where the real risk comes into play.
The whole point of Bitcoin Edge is to convince as many people as possible to sign up to their recommended trading platform, so they can make money when you deposit funds.
And in this case, that site is Trade99.com.
Which I have serious concerns about after looking into in detail.
Because first of all, even though it targets the Aussie market, it’s not an Australian company. It’s owned and operated by a company called Nohelious International Marketing Operations Ltd which is run out of Dominica.
Second of all, they are not a financially regulated company and they are not approved by ASIC or any other legitimate organisation. They are accredited by “The Financial Commission” which isn’t even a real authority.
I learned this on a site called TheForexReview which you may find helpful if you want to learn more about Trade99.
5. Fake Scarcity
This red flag isn’t as serious as the last one, but it does paint a picture as to the sort of people who are running this scam. Because what they are doing is using fake scarcity to pressure people into depositing money quickly, without doing any research.
What’s fake scarcity?
It’s basically where a site pretends to have limited spots or limited time, so you act fast without thinking, out of a fear of missing out. This is a very powerful marketing tactic and one almost every scam uses.
There are instances where scarcity is legit. But only when it’s real and not completely fabricated as it is in this case. Where you can simply refresh the page and see the timer start over.
One thing this really brings home is that they really don’t want people finding reviews before making a decision. Because that would be bad for business.
So, Is Bitcoin Edge a Scam?
Yes, in my opinion Bitcoin Edge is a total scam.
The reason I believe this is because of the red flags I mentioned earlier. They use dodgy marketing tactics and make misleading claims, all to lead you towards depositing money into what looks like a scam broker.
I personally think that giving these people your money is asking for trouble. And since they are asking for Bitcoin as a payment method, it is going to be impossible for you to get your money back.
You can’t contact your local “Bitcoin bank” to request a refund (lol). Once you’ve given these scammers your money, that is the end of it. It doesn’t matter who you contact, it is gone.
The reality is the people who started this scam could be anyone, operating from anywhere in the world. Bitcoin allows them to remain relatively anonymous, so the sad thing is they may even get away with it.
Summing It Up
Bitcoin Edge looks like a cool way to make easy money with cryptocurrencies like Bitcoin. Just deposit your funds, switch on the app, and watch the money roll in.
But based on what I’ve seen I seriously doubt that this is what will happen. The more likely scenario is that you end up losing your money and get put onto a spam list where they email and text you about other scam offers down the road. Like they do with me.
I don’t even know how they got my number. But now they have it I know the spamming will continue until I change my number. That’s just how these shifty sites operate.
In any case, I will not be recommending this system.
If you want to learn how to trade cryptocurrency, forget about Bitcoin Edge. The only people making money are the scammers who are selling it to you.
If you don’t really care about trading, and just want to make money online, then you are better off avoiding sites like this. Instead, focus on learning real skills, taking massive action, and persistently working towards building a real online business. That’s what I did.
What Is Bitcoin Edge?
Bitcoin Edge is a new software app that claims to help you make money trading cryptocurrency online.
How Does It Work?
To get started you need to register for your free account, deposit Bitcoin into their recommended broker, and start using the app to place what they say will be successful trades 95% of the time.
Who’s Behind It?
The owners of Bitcoin Edge are unknown, the site does not provide this information. All we know is they are somehow affiliated with a broker called Trade99, which is run by an offshore company in Dominica.
Is It Legit?
No. Bitcoin Edge is not a legit site. It uses fake news stories, misleading claims, and other unethical tactics to promote a questionable cryptocurrency broker.