What is Bitcoin Loophole? Is Bitcoin Loophole a Scam?

What is Bitcoin Loophole?

Can you really make $500 an hour with Bitcoin Loophole? Founder, Steve McKay, claims his free software can make you a millionaire in a month. However, there’s a lot he doesn’t say that you should know. Warning. Red flags ahead.

Product Website: bitcoinloophole.net
Product Cost: Minimum $250 deposit.
Product Owner: Cannot be determined.
Ranking: NOT Recommended.

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Bitcoin Loophole

When you land on the Bitcoin Loophole website, a video begins playing. The video is narrated by the so-called “Millionaire Man,” Steve McKay, founder of Bitcoin Loophole. McKay promises you can earn $500 an hour with his free software and easily make $13,000 in the next 24 hours. In 90 days you can be a millionaire.

In the video, there are several testimonials from people who claim Bitcoin Loophole made them rich. Although the video has one of the most annoying musical tracts ever recorded, if you stick with it, you’ll learn that the software does all the work for you on autopilot. You just click a few buttons.

At one point, Mr. McKay guarantees you will make $13,000 in your first 24hours of trading. The amazing thing is there is nothing to buy, and it’s impossible to lose. At least that’s what he says.

Steve McKay tells his story about how he was once a software designer. His boss assigned to him a project of creating a software program that could make money with bitcoin without owning bitcoin. That’s how Bitcoin Loophole was What is Bitcoin Loophole? Is Bitcoin Loophole a Scam?born.

According to McKay, Bitcoin Loophole is your first step in achieving your wildest dreams. Imagine earning $13,000 every day for the rest of your life and becoming a millionaire in only three months. It’s a good story, but that’s all it is a story.

Steve McKay, Millionaire Man, inventor of Bitcoin Loophole, is just a character in a fictional sales video. He was invented by a copywriter and does not exist in real life. Nothing he promises in the video is true. Incidently, you’ll find the name Steve McKay on the Bitcoin Code website too, but with a different image.

Bitcoin Loophole is not what it pretends to be. It has nothing to do with bitcoin. The free software is a gimmick designed to scam you.

You will not make money with Bitcoin Loophole; you will only lose money.

Is Bitcoin Loophole a Scam?

Most online dictionaries will define a scam as a scheme that uses deception to get people’s money. Keep reading and I think you will agree that Bitcoin Loophole has used deception in their promotional video and throughout their website.

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Read the High-Risk Warning.

If you scroll to the bottom of the Bitcoin Loophole website, you’ll find a rather startling High-Risk Warning. You can lose all of your money.

Now we are beginning to see the true nature of Bitcoin Loophole.

If you join Bitcoin Loophole, you will not be trading bitcoins. You will be trading Binary Options, which really means you will be throwing your money away. Trading Binary Options is not investing. In a moment, I’ll show you why you will only lose money with Bitcoin Loophole.

Read the Website Agreement.

Also, at the bottom of the Bitcoin Loophole website, you’ll find a link to the Website Agreement. There’s a lot of CYA boilerplate in it you can ignore, but you owe it to yourself to read the paragraph about “videos.” You’ll find it about six paragraphs from the top. That single paragraph is your view into the dark heart of the Bitcoin Loophole beast.

The video paragraph clearly states, the video is for promotional purposes only and uses actors and demo accounts. It’s fake.

How the Bitcoin Loophole Scam Works.

When you join Bitcoin Loophole, you will be paired with an advisor. They might introduce themselves as a cryptocurrency expert or financial advisor or some other official sounding title. Don’t be impressed because their title is just as fake as everything else related to Bitcoin Loophole.

Your so-called advisor is really a professional telemarketer hell-bent on squeezing a very large commission out of you.

ScamAvenger Girl giving thumbs downThe “adviser” will walk you through the process of opening a trading account. Joining Bitcoin Loophole and opening a trading account is free, but before you can start trading, you must fund your trading account.

Funding your account means putting real money into it. Your adviser will recommend you start by putting $250 into your free trading account. This is the small scam. There’s a bigger scam in your future too, if you stick around.

Every penny you give Bitcoin Loophole is gone forever. You will not get it back.

After you deposit $250 into your account, the software goes to work. By the hour, you might see the income numbers in your account increase. It will look like you are making a lot of money on autopilot and that you’re on track to make $13,000 your first day, just like Steve McKay promised. Except that you aren’t really making money.

You’ve already lost $250. You just don’t realize it yet.

The money you gave Bitcoin Loophole never went into a trading account. It went straight into somebody’s pocket. What looks like money growing in your account are just numbers the software is churning out. It’s not cash. It’s just numbers. You can’t spend it.

The software created the illusion that you made money. If you fall for their trick, they’ll move you up to the big scam. Your adviser will now encourage you to put a lot more money into your account.

They’ll promise you can make a million dollars in 30 days if you put in $10,000. Don’t do it. This is the big scam.

If you give Bitcoin Loophole $10,000 as they expect, they will keep every penny of it and lock you out of your account. That’s the Bitcoin Loophole scam.

No Shortcuts.

Bitcoin Loophole is just a variation of the classic auto trading scam. There are hundreds, maybe thousands, of them online. They all have a story to tell and magic software to give away, and they will all take your money. In return, you are left humiliated, broke and in debt.

There is no such thing as magic software that will make you rich. Anyone who claims you can quickly and easily make a lot of money with the push of a button is trying to scam you.

Making money online, or off, requires that you exchange work for it or exchange something of value for it.

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Making money online is a lot like making money off line. It takes skill and work. Fortunately, the internet permits you to leverage your efforts, so you can make more money more quickly online.

However, this doesn’t mean you can get rich overnight. It means with the proper training and support, you can be financially secure in years instead of decades.

It’s not difficult. I’m confident anyone who can send an email and surf the web has the capacity for building a successful online business, IF they are properly trained and supported. That’s why I suggest the FREE Starter Level of the Online Entrepreneur Certification.

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If you found this article helpful or have experience with Bitcoin Loophole , please leave a comment below.

2 Comments

  1. Rolf Schiller
    • Gary Horton

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