In this review we ask if Bitcoin Champion is legit. Our verdict is that it is not legit, it is a con and we prove it.
We tested Bitcoin Champion and our analysis shows what this system really is, how it works, that it is not legitimate and what you can do if you already got scammed.
What is Bitcoin Champion
Bitcoin Champion is a group of cryptocurrency traders. This group is trading mainly with the oldest and biggest cryptocurrency bitcoin.
It also is a trading app that will trade crypto markets automatically for anybody. It means that it will decide when to open trades, when to close them and it will execute these decisions on autopilot.
Main alleged features of the Bitcoin Champion app are:
- it has an accuracy of 99.4 %, which means that it wins almost every trade it takes
- it is very quick, it has an advantage of 0.01 seconds over other trading solutions
- you need just a few minutes per day to make it work
- it has won numerous awards, it is the nr. 1 trading app according to the US Trading Association
Thanks to all these features it is supposed to make you thousands of dollars per day and make you a millionaire pretty soon. For free, because you don’t have to pay anything to become a member of this group. Does it sound real?
How Bitcoin Champion works
Bitcoin Champion collaborates with highly specialized brokers to facilitate and ensure legit transactions and trading. All the brokers that the app works with have the highest level of regulatory standards in place, with most regulations falling under the watchful eye of the ASIC, CySEC, and FCA.
TrustPedia looked into how traders make the alleged profits with a small deposit of $250. It seems that the bot trades at a leverage of approximately 1:5000. Trading on a high margin increases earnings. With this type of leverage, it is understandable how a $250 deposit can fetch members up to $1.2 million.
A word of caution from Trustpedia:
Trading on high margins increases the chance of making big earnings. However, trading bots cannot always win, and trading on high margins can also lead to huge losses. Trading is always at one’s own risk and involves unknown factors, with the chance of either a huge win or a bit loss. This is true of any trading, on any app, and with any broker.
It is important to note that as is the case with all trading robots in the industry, Bitcoin Champion funnels investors to brokers (robot brokers) to collect and hold the investor’s funds. This is done because regulatory restrictions do not allow bitcoin trading robots to hold a client’s deposits. This works to the advantage of Bitcoin Champion members because the robot brokers make it a priority to ensure that all the client’s funds are safe in separate and segregated accounts.
Skills required to trade
No skills are required to trade on the app. You don’t even have to have any prior knowledge of trading.
The app is very simple to use, and the bot performs all the hard work. According to the Bitcoin Champion website, members have to spend approximately 20 minutes on the app to set up the necessary parameters and let the robot do the rest of the work or trade live on your own.
TrustPedia would like you to know that Bitcoin Champion is not completely automated. You must configure the trading parameters based on the risk level you prefer. Once you have set up the parameters for your requirements, the software will automatically trade on your behalf.
TRUSTPEDIA RECOMMENDS ALL NEW TRADERS TO READ UP ABOUT HOW AUTO-TRADING APPS WORK.
The founder of the Software
Steve Higgins founded Bitcoin Champion in 2017. He is known to be a successful cryptocurrency trading champion and a self-proclaimed crypto multimillionaire.
We confirm that Steve Higgins is the founder of the Bitcoin Champion and a well-known trader.
According to Higgins, the bot was created to help ordinary people become rich – just like himself. He wanted to provide people with an easy money-making scheme that would give people immense opportunities to become wealthy. Today, Bitcoin Champion is headed by Higgins and his very own team of computer specialists and scientists.
Restrictions of Bitcoin Champion
Alleged Profit Margins
After making the initial deposit of $250, the platform claims to make $2,000 daily. They claim that investors can increase the size of their accounts by re-investing all the earnings. There is no demo account on the platform as they offer an automated trading robot. These are false claims and insane profit margins. No expert or robot can be able to achieve such a high-profit margin. The platform is full of lies since the market prices change constantly and give no warning. Achieving an accuracy of 90 percent is next to impossible, 99.4 percent is unrealistic.
Contact and Support
After searching the entire website for any contact details, there is none. These scam artists have created a website with no contact details. If this does not look suspicious, what else will? Scam artists don’t want to be recognized and that’s why there is no contact information. The platform is also harvesting data from members and selling it to third parties.
Deposit and Withdrawal
Depository channels listed include credit and debit cards, Neteller, Skrill, Western Union, and others. What ails the platform is the fact that no one is able to withdraw funds. None of the members we have reached out to have managed to achieve this fete. Withdrawing funds with the platform remain to be the biggest challenge. And this is the main reason why Bitcoin Champion is a scam.
A video presentation is what greets investors the first time they get to see this platform. The video is an interview with some of the leading investors in the world. They include Bill Gates and Richard Branson. The platform also has a picture of the Shark Tank presenters who seem to endorse the platform. These are false scam artists who don’t have a clue about what’s happening.
Superior Technology Claims
The platform claims to have superior technology which is able to generate an ROI of 300 percent. These scam artists have used the exact design on this website as other scams. The only difference is the color scheme and the name of the product. They have no superior technology and have been falsely promoting a rogue platform. Investors should stay away from this platform and use alternative Crypto trading tools. The only way to trade safely is by using industry acceptable tools backed by experts.
Security of funds with Bitcoin Champion
When it comes to the security of funds, the withdrawal problem says it all. Further investigating the platform reveals the website has no security software. Lack of DDoS protection and SSL encryption is proof of the platform’s inability to protect users. Hackers and other third parties can easily take over the platform. Stay away from the platform or else risk becoming another victim with no way of recovering funds.
Scam or Legit Bitcoin Champion
Bitcoin Champion is a scam with no way of making the profit promised. Stay away from it and use approved products with satisfactory expert ratings.
Wishing all investors the very best in online trading.
How to trade with Bitcoin Champion
It takes less than 5 minutes to register a free account with Bitcoin Champion. However, live trading may delay for up to one hour as the underlying broker verifies your identity.
Bitcoin Champion is license-free but a registration fee may be introduced soon as the number of users continues to grow. You should grab the opportunity now and register a free account.
Follow the steps below to get started with Bitcoin Champion.
STEP ONE: Create a free account as directed
Visit Bitcoin Champion homepage and use the registration form displayed on the right upper corner to create a free account. You need to provide personal details such as full name, a working email, and phone number.
Failure to provide accurate details may result in problems during the verification phase. Bitcoin Champion requires users to verify their email and phone number. The process takes about 3 minutes.
STEP TWO: Submit documents for verification
After creating a free account, Bitcoin Champion matches you with a partner broker. The partner broker will require that you upload both sides of a government-issued ID and a clear document that shows your current address. The proof of address document can be a recent utility bill or a bank statement with your address displayed on it.
ID and proof of address verification is nowadays a requirement with all well-regulated brokers. Bitcoin Champion and its partner brokers handle users’ data in strict confidentiality.
STEP THREE: Deposit a minimum of $250
Bitcoin Champion through its partner brokers only accepts deposits after ID and proof of address verification. As stated earlier, you need a capital investment of at least $250 to trade with this bot. This is your trading capital and should not be confused with the cost of using Bitcoin Champion. As explained earlier, this app is 100% free.
The accepted deposit methods include Wire Transfer, Visa, MasterCard, Western Union, WebMoney, Neteller, and Skrill. You can also deposit through Bitcoin wallets and others.
STEP FOUR: Demo and live trading
Bitcoin Champion offers a fully intuitive practice account to help users get familiar with its live trading platform. It is highly recommended that you go through the practice account before going live. This account will help you master all the functionalities found in the live account.
Live trading with Bitcoin Champion happens at a click of a button. As mentioned severally in this review, you do not need any skill to trade with this bot. Follow the trading guide provided by the bot and the tips provided in this review.
Who is the founder of Bitcoin Champion?
Bitcoin Champion was founded in 2017 by Steve Higgins, a crypto trading champion and self-proclaimed crypto millionaire. This review of Bitcoin Champion confirms that the founder is a well-known crypto trader.
Kiggins claims that he founded the bot to help ordinary people to take advantage of the immense money-making opportunities presented by bitcoin. Bitcoin Machine is currently maintained by a company headed by Kiggins and a team of computer scientists.