Bitcoin Profit Review – Legit Crypto Trading Platform?

Created to facilitate the buying and selling of digital assets, Bitcoin Profit claims to be a cryptocurrency trading platform. This Bitcoin Profit review summarizes the available trading features, cryptocurrency tokens, and withdrawal speeds that the trading platform offers.

Our guide will also look at client testimonials and other review guides to determine the legitimacy of Bitcoin Profit’s trading platform. 

Bitcoin Profit Platform Overview

The sections below summarize some of the available features, according to the Bitcoin Profit website

Type of Trading  Crypto 
Success Rate Not Specified
Cryptocurrencies Available BTC, DASH, ETH, XRP, and more
Available on Mobile? No (But accessible via mobile browsers)
Withdrawal or Deposit Fees None
Customer Support Live Chat and Email
Withdrawal Speed 24 hours
Minimum Deposit $250

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Bitcoin Profit?

Bitcoin Profit states to be a cryptocurrency trading platform that allows users to sign-up and begin trading some of the top digital currencies in the space. The need for such trading platforms is rising, as we are witnessing a potential reversal to the crypto markets in 2023. 

Bitcoin Profit logo

After the bull run of 2021, the crypto markets have traded downwards throughout 2022. Even top assets such as Bitcoin and Ethereum plunged following uncertain economic conditions and due to the backdrop of the pandemic. However, Bitcoin has regained momentum in 2023 after rising by more than 40%. 

According to Bitcoin Profit’s website, members can trade Bitcoin (BTC) and some of the best altcoins through its trading platform. However, one needs to make a minimum deposit of $250 before accessing the trading dashboard and features. 

From other Bitcoin Profit reviews, we have learned that the platform claims to offer a quick withdrawal speed, as funds are returned within 24 hours. Moreover, Bitcoin Profit claims to charge no trading fees and offers a customer support desk to cater to all its customers. 

However, a lack of customer testimonials and information on the trading website makes it difficult to verify some of the claims Bitcoin Profit makes. Thus, one should only invest in Bitcoin Profit after reading through all the terms and conditions.

Who Created Bitcoin Profit?

After studying the Bitcoin Profit website, we have learned that this platform has chosen not to share any information related to the founders. There are rumors about the potential involvement of celebrities in creating this platform, but we will shed light on these claims in the sections below. 

As of now, nothing is known about Bitcoin Profit’s creators or the development team. 

Bitcoin Profit Pros & Cons

Pros

  • Claims to offer a paper trading account
  • Withdrawals are processed within 24 hours
  • No extra trading fees charged
  • Trade Bitcoin and multiple altcoins

Cons 

  • The platform website does not offer much information about the trading tools
  • Hefty minimum deposit of $250 

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does Bitcoin Profit Work?

Unlike most crypto trading platforms, Bitcoin Profit requires all users to pay before accessing the trading dashboard, which contains all the trading tools, price charts, and indicators. 

Thus, one can only judge how the platform operates after making this minimum payment of $250. The process of making an account is simple, as one needs to enter a few details such as their name and email address before signing up. 

Bitcoin Profit website

One can access a list of cryptocurrencies supposedly available to trade on the Bitcoin Profit website. Along with Bitcoin (BTC), users can trade top altcoins, including Ethereum (ETH), Dash (DASH), Binance Coin (BNB), Cardano (ADA), and more. 

We have also discovered that Bitcoin Profit supposedly offers a paper trading account through which members can practice trades with virtual funds. 

On the platform website, Bitcoin Profit mentions that it is SSL (Secure Sockets Layer) secured. This is the standard security requirement for securing an internet connection, ensuring that there is no chance of your funds being stolen through online scams. 

Which Devices can be Used to Access Bitcoin Profit?

On Bitcoin Profit, one can access the trading platform through several devices. While it does not have its own trading app, Bitcoin Profit is accessible through web-based browsing on mobile devices. The proprietary trading platform can also be accessed through the following devices: 

  • Laptops
  • Desktops
  • iPads and Tablets

Bitcoin Profit – Supported Countries

After analyzing some other Bitcoin Profit reviews available online, we have learned that this trading platform is accessible in the following countries: 

  • United Kingdom
  • Australia
  • Canada
  • France
  • Mexico
  • Nigeria 
  • South Africa

Notably, users from the United States of America can access Bitcoin Profit with a VPN device. 

Bitcoin Profit – Top Features

The sections below discuss some of the key features provided by Bitcoin Profit. We have made this list after going through the claims made by this trading platform. 

Paper Trading

Paper trading accounts are a good way of allowing users to analyze all the available features of a trading dashboard. Typically mirroring live market conditions, the paper trading account is the same as a standard account but allows you to trade with virtual funds. 

Thus, one can test high-risk strategies to assess their trade’s profitability before risking their funds on the standard account. Bitcoin Profit claims to offer a paper trading account to all users. 

Commission-Free Trading

We have found out that Bitcoin Profit apparently charges no commission on trades. While platforms charging no commission usually take a spread from users, Bitcoin Profit takes no extra fees for spreads, trading costs, or subscription fees. 

Access Some of the Top Crypto Assets

Finally, Bitcoin Profit states that all its members can trade cryptocurrencies 24/7. Along with the top cryptos, one can even access altcoins such as DASH, Zcash, Ethereum Classic, and many more. 

Traders looking to access commodities markets may also be interested in the similarly named platform Oil Profit.

Is Bitcoin Profit Legit or a Scam?

Based on all the evidence and information gathered, Bitcoin Profit appears to be a crypto trading platform allowing one to buy and sell multiple cryptocurrencies. However, this trading platform offers a lack of transparency since a lot of information is hidden from the public. 

On client rating sites such as Trustpilot, Bitcoin Profit has under 30 reviews, making it difficult to confirm the authenticity of this trading platform. Similarly, there is not much known about the owners of Bitcoin Profit. Moreover, one can only learn about the trading features after making a minimum deposit. 

Therefore, we urge all readers to analyze all the risks offered when trading with this platform. You should only make an investment after reviewing this platform in your own time and ensure it caters to your trading needs.  

For some Bitcoin Profit alternatives, see our recent rundown of the best crypto presales set to launch this year.

What is the Minimum Deposit on Bitcoin Profit?

Bitcoin Profit charges a $250 minimum deposit, which can be paid using a credit/debit card or an e-wallet. Since this is an above-average cost compared to other top trading exchanges, you should only invest if it is within your trading budget. 

Bitcoin Profit Reviews

As part of our Bitcoin Profit assessment, we studied other similar review pages online. We determined that there is an overall neutral view on Bitcoin Profit. This can be because Bitcoin Profit withholds important information about the platform owners and available trading features. 

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Do any Celebrities Endorse Bitcoin Profit?

Users are interested in learning more about the involvement of celebrities with this trading platform. Thus, we will clarify whether any influential people actually have anything to do with Bitcoin Profit. 

Firstly, Jeff Bezos has been rumored to be involved with Bitcoin Profit. As the creator of Amazon, Bezos has amassed a net worth of more than $100 billion. The involvement of his name alone can bring a lot of attention to any project. However, we have found nothing to suggest that Jeff Bezos has used or endorses Bitcoin Profit. 

Elon Musk is another influential figure who some believe is involved with the Bitcoin Profit trading platform. To learn more about the matter, we have studied many Reddit threads and online forums to gain insight into the Tesla CEO. However, we found no evidence suggesting that Musk has anything to do with this organization. 

Bitcoin Profit Customer Support

According to some Bitcoin Profit reviews, this trading platform does offer a customer support team. Members can use the customer desk 24/7 if they face any account-related issues or have any questions in general. 

The customer support team can apparently be accessed via email and live chat. 

How to Get Started With Bitcoin Profit

Interested in trading with Bitcoin Profit? After going through all the platform’s terms and conditions, you can decide whether to trade with this platform. If the answer is yes, then you can do so by following the steps below: 

Step 1: Create an Account with Bitcoin Profit

To create a new account, first visit the Bitcoin Profit trading website.

Bitcoin Profit registration

After visiting the page, create a new account by entering your first and last name, phone number, and email address. 

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Step 2: Make a Minimum Deposit of $250

Once the account is registered, users can make the minimum deposit. This payment can be made with multiple payment methods, such as debit/credit cards and e-wallets, such as PayPal. 

Step 3: Begin Trading with Bitcoin Profit

Once your payment is processed, you can start trading with Bitcoin Profit. Choose a preferred crypto and start trading with this platform. 

How to Delete Bitcoin Profit Account?

According to other platform reviews, one can terminate their Bitcoin Profit accounts from the menu. However, Bitcoin Profit offers no more information on how to go about the account closure process. 

Latest Bitcoin News

Before investing in Bitcoin, the largest crypto in terms of market capitalization, let’s take a look at some of the top headlines for BTC:

  • Despite the price of Bitcoin falling this week, network difficulty and hash rate has reached all-time highs.
  • A California judge has combined three lawsuits against defunct crypto bank Silvergate involving collapsed exchange FTX.
  • Elon Musk has threatened legal action against Microsoft for ‘illegally’ using Twitter data to improve their AI program, Copilot.

Is Bitcoin Profit Legit? – The Verdict

Our Bitcoin Profit review has studied all the claims made by this crypto trading platform. After going through various online reviews and customer testimonials, we have learned that Bitcoin Profit has offered a lack of transparency about how it operates. 

There is no knowledge of the platform owners or the included trading tools on the website. Thus, one should carefully study this platform on their own and make an informed decision about whether or not to start trading with Bitcoin Profit. 

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

FAQs

What is Bitcoin Profit?

Who is the founder of Bitcoin Profit?

Does Jeff Bezos use Bitcoin Profit?

Based in Wembley, England, Viraj graduated from the University of Surrey before pursuing an internship at DBS Bank in New Delhi. Following that experience, Viraj pivoted to a personal passion - creative writing - quickly becoming a top-rated Upwork freelancer and gaining further experience on OwlRatings. Currently Viraj is now part of the Techopedia team lending his knowledge of the financial markets to the site, reviewing trading platforms and offering tips for beginners to investing. In his spare time he also enjoys script writing.

    Follow: