Ever since the dawn of the internet, people have been using it to scam other people. So, everytime that a new trend appears, so does a tsunami of scams. Some people have been saying that the AutoBTCBuilder is another one of these scams. It is, though? Read our review about this company to find that out.
What Is The AutoBTCBuilder?
The AutoBTCBuilder presents itself as an educational company. It offers services to teach people how to use cryptocurrencies as a way to get money. The company explains on the site that it provides the “latest techniques in earning trading your Bitcoin”.
Because of this, the company wants to either buy their products, the courses, or to tell them. If you convince someone to buy one of the courses from you (without using spam. The company states that if you spam people, you will be blocked from the service), you might get a referral.
So, basically, the way to make money with the AutoBTCBuilder is to convince people to pay for the services so you can get a share of what they are spending on the courses.
AutoBTCBuilder Online Business Products
The AutoBTCBuilder has six “levels” of courses. The first level, which costs 0.0167 BTC, teaches you the Bitcoin basics and how to begin to participate in the cryptocurrency market. Each level is allegedly more in-depth and will teach you more about this market.
The second level is “understanding Bitcoin” and it costs 0.05 BTC. It teaches you the process of creating your own Bitcoin wallet and prepare you for more advanced topics. The third level is 0.15 BTC, “building your Bitcoin skills”. This module explains what is a cryptocurrency exchange and how to trade Bitcoins.
The fourth level costs 0.45 BTC and teaches you how to invest in Initial Coin Offerings and how to profit from them. The fifth level costs 1.35 BTC and teaches you to create your own system to only invest in the best ICOs. Finally, the sixth level, which costs 4.05 BTC, will teach you how to create your own ICO and get rich… or at least that is what the company wants you to believe.
This is such a ridiculous scam that we did not even need to think twice about it. See, to know how awful this company is, you have to think about the price of a single Bitcoin. At the time of this report, Coindesk reported the Bitcoin to be around $8,000 USD. This means that the cheapest course of this company costs around $100 USD.
This is a very high price to pay for something that does not even teach you to create a Bitcoin wallet (which you will have to pay more $400 USD to know) and how to use an exchange (the knowledge that you only have to pay around $1,200 USD to get it!).
You can clearly see how ridiculous this is, right? To even learn how to create a wallet and use an exchange, information that you can get entirely for free on the internet (on our blog, for example. Check out our tutorials) you will be asked to pay around $1,700 USD. If AutoBTCBuilder is not a scam, nothing is.
If the company scams some five people, they will probably have profit already because the site also looks highly amateurish and uses mostly free assets. To scam you even more, the company tries to convince people to be a part of the scam and to sell their fake services. Do not trust this company.