Bitcoins-generator.online review

Bitcoin Generator has all the telltale signs of a scam robot. InsideBitcoins can confirm that at least 90% of the information on their website is false. Firstly, the testimonials on the website are not genuine. A Google reverse image search shows that the images used for the profiles are stolen from different sites across the web. This is typical of most scam trading robots.

Secondly, they are hesitant to disclose about their partner brokers until the trader makes a deposit. This is because the majority of these brokers are sham. Our investigation shows that most are not registered under any regulatory jurisdiction. Furthermore, they do not disclose any traceable information, such as physical location and business registration.

We are 100 percent sure that these brokers are part of the scam and share a portion of your deposit with the scammers behind Bitcoin Generator. Scam robots usually rely on scam brokers to receive deposits and facilitate transactions. Never register with a robot without conducting a background investigation to determine the legitimacy of their brokers. InsideBitcoins investigation also includes a review of robot brokers. Read our review of Ashford Investments to learn more about legit robot brokers.

Other reasons not to sign up with Bitcoin Generator

As mentioned earlier, Bitcoin Generator has all the red flags of a scam robot. The scammers behind this platform not only steal deposits but also sell users data to other scammers.  Moreover, their website and trading platform are unsecured meaning that hackers can snoop in and steal data. InsideBitcoins takes into account factors such as encryption, password policy, and data sharing and protection policy when determining the legitimacy of a robot.

Legit trading robots must have well-defined data protection policies. Scam robots are known to pay little attention to users’ safety and might even be in the business of selling personal data in the black market. It is not uncommon to hear stories of a data breach as a result of malware-infected scam robot trading platform. We have carried out a rigorous security test on Bitcoin Generator, and we believe that it is unsafe.

Suspicious signup process

While Bitcoin Generator requires basic personal information during the initial registration, you may be asked to provide more details later. Our review shows that this platform collects more personal data than necessary. Even worse, they appear to be selling this data in the black market.

InsideBitcoins found a lot of complaints about people who open an account with this robot receiving a lot of spam calls and emails from scam brokers. There is a high likelihood that this platform also sells users’ data to hackers. Legit robots do not collect unnecessary users’ data and do not share any data without users’ consent. Additionally, they have measures in place to safeguard this data. For instance, their websites and trading platforms must have encryption to ensure that hackers can not copy any data that passes through them.

Bitcoin Generator website and the trading platform does not have any encryption and keeps shifting from one domain to another. Perhaps this is in a bid to avoid being punished by search engines for the many complaints about them.

Unsafe deposit

Bitcoin Generator requires users to make a minimum deposit of $250 to access their trading platform. They accept multiple deposit methods to include Bitcoin, Visa, MasterCard, Maestro, WireTransfer, Bitcoin, Neteller, Skrill, and others.

InsideBitcoins investigation reveals that this platform is a scam and therefore, traders who deposit with them end up losing money. Furthermore, their platforms are unsafe and are, therefore, likely to expose your billing information to cybercriminals.

We recommend that you stay away from this platform and instead try a tested and proven robot. Read our Bitcoin Trader review for a legit trading robot with an average daily profitability of above $1k.

Fake live trading platform

As mentioned earlier, Bitcoin Generator is a spam robot, and their trading platform is fake. This means that there is no live trading that takes place with this platform. When a trader makes a deposit, the scammers behind the platform shares it with their partner scam brokers. They lie to traders by redirecting them to a fake platform which reports predetermined losses until the account depletes. The goal is to convince them that their money was lost during live trading.