Bitcoin Boom Scam: Be Careful of this New Crypto Trading Software
Bitcoin Boom is doing rounds in the digital space as an automated software for trading, which can execute trades on a crypto robot and generate for its members more than $5000 per day. However, the platform is questionable and its operations simply suggest that it’s a scam. Despite marketing itself as a cash generating software, many people are already asking whether Bitcoin Boom is simply a scam app or genuine trading software.
Grey Areas In The App
To begin with, who is Bryden Ford? He markets himself as the head of operations at Bitcoin Boom, saying that the app is capable of generating profits for users “on auto-pilot 24/7 while you sleep.” However, there are several grey areas in the app, one of them being lack of solid discussion about the app architecture and the logic behind its algorithms. Besides, there is no form of backtesting or genuine results from the broker accounts, which is another red flag.
A Cloned App?
On a closer look, Bitcoin Boom is simply a clone and a copy of the crypto robots it claims to be. Cloned apps are the current plague in the Forex market and this trend is continuing and evading other sectors too. As for Bitcoin Boom, there is nothing of value in its sales pitch:
- No reference to contract type and rates
- No ISO 9000 Certification
- No reference to the assets index
Besides, the website does not come clear on the availability of the assets. The platform is just full of repetitive phrases about how the app can mint more than $5000 a day.
A Critical Security Risk
The fact that Bitcoin Boom appears on the blacklist of McAfee points to a critical security risk; this implies that this app exposes personal financial data for harvesting to commit cybercrimes.
It Is Free?
The platform requires users to invest at least 250 US dollars, Euros, or GBP and in some cases, the amount goes up to 500 before they can use the app. This means the app is not even licensed in the first place.
All factors considered, Bitcoin Boom remains a scam. The website is full of fake reviews, probably from those interested in earning their affiliate fees.
Overall, BEG cannot verify the authenticity of the app nor the website itself. Therefore, if you choose to join the app, be aware that you are treading on a dangerous ground an soon you can lose all your funds.