Beware! This Crypto Trading App Is A Scheme

A fast-rising bitcoin investment scheme called Bitcoin Loophole which claims to be a crypto trading app that enables its members to make daily profits and become millionaires within a period of 60 days, has gotten a lot of global attention.

The effects of the coronavirus pandemic, particularly the massive loss of jobs globally, has led people to seek other ways to generate income, the Bitcoin Loophole is a scheme that preys on that urgent need by promising get-rich-quick schemes.

The Bitcoin Loophole claims to the an algorithimic trading software that can be automated and lets you make money using an AI integrated, tech advanced crypto trading software.

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.

The website advertises and encourages its traders to trade in other cryptocurrencies such as ethereum, litecoin, ripple, monero, bitcoin cash, and dash — as well as fiat currencies, such as the U.S. dollar and the euro.

The website also displays some testimonials which have been deemed as fake. These testimonials are supposedly of people who’ve enjoyed financial success by merely trading on the platform.

Read more about the Bitcoin Loophole here.

Read also: Conditions To Be Met Before Schools Can Be Re-opened.

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