Bitcoin Formula is supposed to be a trading platform that can trade cryptocurrencies for you on autopilot, especially bitcoin. This automated system allegedly can win 99.4% of trades, which would make it extremely profitable.
What’s more, you can get Bitcoin Formula for free. So, do you have anything to lose? Of course, you have!
Bitcoin Formula scam
Bitcoin Formula is a total scam that we have already seen many times under different names. It all started as Bitcoin Trader, see our review.
This program is designed to lose your money, but more on that later.
Look at our picture and you will see that scammers used stock photos to fabricate those reviews, they are completely made up.
How they take your money
Investment scams often use this trap, where they say their program is free. It’s a catch, because the software costs nothing, but you won’t be allowed to use it until you deposit money with a broker that you can’t choose. The selected broker will be an unregulated one.
This is because people who run the Bitcoin Formula scam are paid by that broker for referring new depositing clients.
If you deposit money with Bitcoin Formula and let their system trade for you, you will quickly lose everything and nobody will be able to help you to get it back.
Bitcoin Formula is a known scam that wants to lose your money with a crappy broker, stay away from it!
If you want to earn money with cryptocurrencies, start by practicing and building your own profitable strategy on a free demo with a regulated broker.
Only when you have your strategy ready and tested, you can switch to trading with real money.