Bitcoin Loophole Review – Scam or Legit?

Bitcoin Loophole is a trading robot that uses algorithmic, high frequency trading to help you trade cryptos around the clock. The website claims that traders can earn up to 60% returns every day starting with a minimum investment of just $250.

So, is Bitcoin Loophole a scam or legit? In our Bitcoin Loophole review, we’ll take a closer look at what this trading robot can do.

Bitcoin Loophole Summary

We’ll start off our Bitcoin Loophole review with an overview of everything you need to know about this Bitcoin robot:

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

What is Bitcoin Loophole?

Bitcoin Loophole is an automated crypto trading robot, similar to Bitcoin Prime. It identifies potential trading opportunities in the cryptocurrency market and then executes trades on your behalf. Since Bitcoin Loophole uses an AI algorithm, it claims that it can execute trades significantly faster than any human trader. It is also able to trade 24/7.

Bitcoin Loophole claims that it wins around 85% of the trades that it opens and that traders can earn up to 60% in profits every day. We could not verify these claims, but they are in line with the success rates claimed by other crypto robots.

The platform doesn’t charge any account or trading fees, but does take a 2% commission on profits that it generates for you. That means you only pay for Bitcoin Loophole when the platform is making money for you. Keep in mind that you can lose money when trading with Bitcoin Loophole.

Bitcoin Loophole offers a demo account so you can try out the platform without risking real money.

Who Owns Bitcoin Loophole?

Bitcoin Loophole has anonymous owners and the website has no information on who was behind it, although other websites claim it was set up by a group of professional traders.

Bitcoin Loophole is also claimed to only integrate with brokers regulated by tier-one financial authorities, such as the Financial Conduct Authority in the United Kingdom.

There have been online rumors that high-profile and high-net-worth individuals such as Prince Harry, Peter Jones and Charlie Brake and Elon Musk have endorsed the platform, but we have found zero evidence to verify those claims.

Furthermore, there is no evidence to support claims that the platform appeared on Dragons Den or Shark Tank.

Bitcoin Loophole Pros & Cons

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

How Does Bitcoin Loophole Work?

Bitcoin Loophole claims to trade using an AI algorithm. The proprietary algorithm is able to monitor changes in crypto prices and identify patterns that are likely to precede a strong directional movement.

When the algorithm spots such a price pattern, it automatically enters a trade by issuing a buy or sell order through your brokerage account. Bitcoin Loophole can trade with leverage to open relatively large positions with just a small amount of money, thus increasing your potential profits from a small price movement. Keep in mind that leverage also increases your potential losses.

Once the price movement has completed or the algorithm’s profit target has been achieved, it will automatically close the trade and return all funds – including any profits – to your account.

This pattern repeats 24/7, for up to hundreds of trades per day. Bitcoin Loophole claims that it is able to close around 85% of all trades it opens for a profit and it can have multiple trades open simultaneously.

We could not verify Bitcoin Loophole’s claimed success rate and you could lose money trading with this platform.

On What Devices Can I Use Bitcoin Loophole?

Bitcoin Loophole does not have a dedicated mobile app but can be used on any device with internet access, meaning smartphones, tablets or desktop browsers on PCs.

Which Exchanges and Brokers is Bitcoin Loophole Partnered With?

We were unable to find the exact brokers that Bitcoin Loophole is partnered with as they use a wide variety.

However, Bitcoin Loophole does use brokers that are regulated by world-renowned authorities, such as the British Financial Conduct Authority (FCA).

Can I use Bitcoin Loophole in My Country?

Bitcoin Loophole is available in countries where crypto trading is accepted – meaning the USA is a notable exception.

However, the likes of the UK, Australia, Canada and numerous other countries around the world allows it. See the table below for select countries:

How Much Profit can be Made from Bitcoin Loophole?

Bitcoin Loophole has a claimed success rate of 85%, which we were unable to verify, and does not guarantee success in its automated crypto trades.

Crypto traders can earn thousands every day. However, there is a significant and inherent risk in trading and losses are inevitable – beginners should not invest more than they can afford to lose and it would be wise to keep an eye on the performance of the robot and track its success.

Furthermore, profits are tax deductible in many countries and should not be ignored.

Bitcoin Loophole Key Features

As part of our Bitcoin Loophole review, we’ll take a closer look at some of the key features this trading platform has to offer.

Wide Range of Crypto Markets

According to the company website, Bitcoin Loophole is capable of monitoring and trading price movements across 14 different cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, Cardano, IOTA, EOS, NEO, Binance Coin, and Ripple.

Notably, Bitcoin Loophole doesn’t buy cryptocurrencies directly. Rather, it trades CFDs in crypto-fiat and crypto-crypto pairs – for example, BTC/USD or BTC/ETH. Using CFD pairs is important because it dramatically increases the number of markets that Bitcoin Loophole can trade. In all, the platform follows more than 50 CFD markets to maximize trading opportunities every day.

Leveraged Trading

Another advantage to Bitcoin Loophole trading CFDs is that it can trade with high leverage. The platform uses leverage up to 5,000:1 for the most popular crypto CFDs. So, a $250 initial deposit enables Bitcoin Loophole to take positions valued at $1.25 million. With a position that size, even a 0.1% price change could yield a profit of $1,250.

Bitcoin Loophole can use leverage to more aggressively take advantage of patterns that the algorithm has greater confidence in. However, keep in mind that leverage also multiplies your potential losses. You could lose money when trading with Bitcoin Loophole.

Fast Trade Execution

Bitcoin Loophole’s algorithm is able to identify price patterns as soon as they develop. It is constantly analyzing and reanalyzing the market with every new tick, giving it a significant edge over human traders. According to Bitcoin Loophole, the platform can execute trades within milliseconds of a pattern forming.

Demo Account

Similar to other crypto bots like Bitcoin Era and Bitcoin Profit, Bitcoin Loophole offers a demo trading mode so that you can try out the platform without risking real money on trades. This is a good way to see how Bitcoin Loophole performs under real-world conditions and to evaluate whether this platform fits your trading style.

Same-day Withdrawals

Bitcoin Loophole processes withdrawal requests within 24 hours. This means that you can get access to your money very quickly whenever you want it.

In fact, Bitcoin Loophole recommends that you consistently pull out around 20% of your profits so that you’re ready to invest during market bottoms. The remaining 80% should be reinvested in your trading account to grow your profits, according to Bitcoin Loophole. It is up to you to determine the investment strategy that works best for you.

Bitcoin Loophole Fees

Bitcoin Loophole doesn’t charge any account or trading fees. Instead, this platform makes money by charging a 2% commission on all profits its algorithm makes for you. This can add up to a significant amount of money for larger accounts, but it also means that you only pay for Bitcoin Loophole when the platform is making money for you.

Keep in mind that the crypto brokers that Bitcoin Loophole places trades with have fees of their own. Most charge spreads for CFD trading, and some have deposit, withdrawal, or other account fees. These fees vary by broker and are not controlled by Bitcoin Loophole.

Here’s a summary of the fees that our Bitcoin Loophole review identified:

Is Bitcoin Loophole a Scam?

We set out to answer an important question with our Bitcoin Loophole review: Is Bitcoin Loophole a scam? After all, any platform that claims to offer a 60% daily return,  and very low fees should be viewed skeptically.

Bitcoin Loophole offers a demo trading account, so you can evaluate the platform’s performance for yourself without risking real money. In addition, if you do trade with Bitcoin Loophole, you only pay when the platform is making money for you. This is the same with other popular Bitcoin robots like Bitcode AI.

The platform’s claimed 85% win rate is in line with the win rate of other crypto trading robots – however, we could not verify this claimed success rate and it is important to remember that all trading carries risk.

Bitcoin Loophole is partnered with tier-one regulated brokers that work in line with national regulators such as the UK’s Financial Conduct Authority (FCA).

However, there is a lack of peer reviews from users on Bitcoin Loophole with TrustPilot, for example, offering four different landing pages and less than 10 total reviews, with the most recent one in September 2020.

Additionally, we scoured social media sites such as Twitter and Reddit and found extremely limited information about Bitcoin Loophole.

Bitcoin Loophole Minimum Deposit

Bitcoin Loophole requires a minimum deposit of $250. This is the amount of money that Bitcoin Loophole needs to start trading and growing your account.

This initial deposit is your money, and you can withdraw it at any time if you’re not completely satisfied with Bitcoin Loophole.

Bitcoin Loophole Celebrity Endorsements

There have been wild rumors and speculation that Bitcoin Loophole is supported by famous celebrities in the USA and UK – however, our research has found zero connection between any high-profile celebrities and the robot.

Does Elon Musk Endorse Bitcoin Loophole?

Elon Musk is the world’s richest man and a known crypto enthusiast. However, there is no evidence he endorses Bitcoin Loophole or is involved with it in any way.

Does Prince Harry Endorse Bitcoin Loophole?

There is no evidence that British Royal Prince Harry has any connection to Bitcoin Loophole.

Does Peter Jones Endorse Bitcoin Loophole?

There is zero evidence to endorse claims British investor and Dragons Den star Peter Jones endorses Bitcoin Loophole.

Does Martin Lewis Endorse Bitcoin Loophole?

There is no evidence Martin Lewis – a British TV presenter on financial matters – endorses Bitcoin Loophole.

Does Charlie Brake Endorse Bitcoin Loophole?

Charlie Brake is a UK reality TV star who appeared on Love Island. There is no evidence he is involved in Bitcoin Loophole.

Was Bitcoin Loophole on Dragons Den?

There is no evidence that Bitcoin Loophole appeared on Dragons Den in the UK or Shark Tank in the US.

Bitcoin Loophole Customer Support

Bitcoin Loophole claims that customers have access to 24/7 support by email. However, you must be an existing Bitcoin Loophole customer in order to access support.

How to Withdraw Money from Bitcoin Loophole?

Bitcoin Loophole does not store any of the traders’ funds instead, they are held with the integrated broker. Therefore, to withdraw funds, users must do it via the broker’s platform.

• Visit the integrated broker trading platform and log into your Bitcoin Loophole account.
• Go to the wallet section and choose the preferred transaction method.
• Enter the amount you wish to withdraw and confirm the transaction.
• Once confirmed, you should receive your funds within 24 hours.

Bitcoin Loophole brokers do not pay out in crypto tokens but in fiat currency.

How to Delete Bitcoin Loophole Account?

Deletion is simple, on the Bitcoin Loophole platform you can close the trading account or close down the trading account on the broker’s platform.

It would perhaps be wise to contact the customer services department to notify them of your intentions.

The Verdict

Bitcoin Loophole is a crypto trading robot that claims that it can earn users up to 60% in daily profits. The software trades 14 different cryptocurrencies around the clock and claims to win up to 85% of the trades it opens on your behalf. We could not verify Bitcoin Loophole’s success rate or daily return. All trading and investing carries inherent risks.

You can try out Bitcoin Loophole without risking real money thanks to its built-in demo account. In addition, the platform doesn’t charge any account fees and you only pay to use it if you make money.

Ready to get started with Bitcoin Loophole? Sign up today to use this crypto robot!

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

Frequently asked questions on Bitcoin Loophole